Farmland Affordability: The Correlation Between Size and Value

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Anyone in the farmland sector has heard the adage that as the size of a farm increases the price per acre typically decreases. Whether you’re an appraiser or other real estate professional, this message seems to be heard throughout the business. While this can be true in many cases, I’ve run across some instances where the theory could be questioned.

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Land Auction Results | September 2024

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The appraisal team at Peoples Company was able to track 93 tracts or 7,374 acres sold at public auction in Iowa during September 2024. The average dollar per acre was $13,428, the average dollar per tillable acre was $13,481, and the average dollar per CSR2 was $170.

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Iowa Land Values Update | 2024 Quarter 3

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Peoples Company tracks agricultural auctions across the state of Iowa. From this data, we calculate the average dollar per CSR2 point ($/CSR2) for sales of tracts with greater than 85% tillable land. Additionally, these tracts are largely unimproved or include minimal improvement contribution.

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Harnessing Multiple Revenue Streams: The Future of Land Investment

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In an era where sustainability and profitability intertwine, land investment has evolved beyond conventional real estate ventures. Modern investors seek opportunities that not only promise financial gains but also contribute positively to the environment and communities.

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Land Auction Results | August 2024

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The appraisal team at Peoples Company was able to track 52 tracts or 5,039 acres sold at public auction in Iowa during August 2024. The average dollar per acre was $13,134, the average dollar per tillable acre was $14,862, and the average dollar per CSR2 was $181.

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Exploring Hidden Opportunities in Farmland Investments

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When we think of investment vehicles, our minds often drift to stocks, bonds, or commercial and residential real estate. But there’s an investment class that doesn’t always get the spotlight it deserves: farmland. Beyond its basic value as a commodity, farmland offers a range of unique benefits and hidden opportunities that set it apart from more traditional investments. Here’s why farmland is worthy of consideration for your diversified portfolio.

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Land Auction Results | July 2024

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The appraisal team at Peoples Company was able to track 35 tracts or 2,754 acres sold at public auction in Iowa during July 2024. The average dollar per acre was $10,669, the average dollar per tillable acre was $13,495, and the average dollar per CSR2 was $178.

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Understanding Agricultural Appraisal in Lending: Ensuring Sustainable Financing for Farmers

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In the realm of agricultural lending, the process of appraisal holds significant weight. It's not just about assessing the monetary value of land and assets; it's about understanding the intricacies of farming practices, environmental impacts, and the overall sustainability of agricultural operations. Agricultural appraisal ensures that lenders can make informed decisions while offering financial support to farmers, fostering growth in rural economies, and ensuring food security.

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Why Invest in Farmland with Lower Cash Yields Compared to Current Treasuries

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Investing in farmland with a cash yield of only 2.5% might seem less attractive when current treasuries yield 5% or more. However, several strategic reasons exist to consider farmland a valuable addition to your investment portfolio. This article will explore these reasons, including inflation hedging, portfolio diversification, long-term appreciation, and other benefits that make farmland a compelling investment.

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California Farmland Investment in a Dynamic Market

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California has long been the United States’ most significant agricultural producer in terms of crop diversity and total crop value – its ag exports alone are worth more than the total production of 44 states and California is the only state that generates over 10% of America’s agricultural receipts.

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Land Auction Results | June 2024

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The appraisal team at Peoples Company was able to track 87 tracts or 7,243 acres sold at public auction in Iowa during June 2024. The average dollar per acre was $11,298, the average dollar per tillable acre was $13,538, and the average dollar per CSR2 was $168.

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Iowa Land Values Update | 2024 Quarter 2

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Peoples Company tracks agricultural auctions across the state of Iowa. From this data, we calculate the average dollar per CSR2 point ($/CSR2) for sales of tracts with greater than 85% tillable land. Additionally, these tracts are largely unimproved or include minimal improvement contribution.

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Eminent Domain Valuation

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Farmland owners face several challenges to ownership related to utility companies, pipeline companies, highways, and others who need to acquire property for a potential new corridor through their land. There are increasing demands for power and energy sources which is leading to increased demands from agencies needing to acquire land. It is important for landowners and companies that need to acquire a corridor to understand the process of completing appraisals for eminent domain purposes.

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Farmland as an Inflationary Hedge – What Types of Agriculture Production Should be Considered?

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As inflation rates continue to rise in the United States, investors have renewed interest in alternative investment opportunities that can outperform traditional asset classes without sacrificing stability. In 2021, The Land Report named Bill Gates as the top private farmland owner in America, since then investors of all sizes and backgrounds have flocked to the agricultural sector.

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Land Auction Results | May 2024

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The appraisal team at Peoples Company was able to track 37 tracts or 3,711 acres sold at public auction in Iowa during May 2024. The average dollar per acre was $11,238, the average dollar per tillable acre was $12,604, and the average dollar per CSR2 was $165.

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Land Auction Results | April 2024

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The appraisal team at Peoples Company was able to track 50 tracts or 3,514.48 acres sold at public auction in Iowa during April 2024. The average dollar per acre was $10,852, the average dollar per tillable acre was $13,624, and the average dollar per CSR2 was $181.

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Deciphering the Dynamics of the Midwest Land Market

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At Peoples Company, the question that is heard daily up and down the halls is a simple yet pivotal one: “What is happening in the land market?” In recent years, the answer has been straightforward - an upward trajectory.

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Iowa Land Values Update - 2024 Quarter 1

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Peoples Company tracks agricultural auctions across the state of Iowa. From this data, we calculate the average dollar per CSR2 point ($/CSR2) for sales of tracts with greater than 85% tillable land. Additionally, these tracts are largely unimproved or include minimal improvement contribution.

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Evaluating Impacts of Transition to "Net Zero" on Farmland Values

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In 2021 the U.S. rejoined The Paris Agreement, a legally binding international treaty on climate change, and published “The Long-Term Strategy of the United States, Pathways to Net-Zero Greenhouse Gas Emissions by 2050 [1]. Net zero refers to a balance between the amount of greenhouse gas (GHG) that is produced and the amount of GHG removed from the atmosphere. Agriculture accounts for approximately 10% of total GHG emissions in the U.S. [2].

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Land Auction Results - March 2024

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The appraisal team at Peoples Company was able to track 82 tracts or 6,803.16 acres sold at public auction in Iowa during March 2024. The average dollar per acre was $11,316, the average dollar per tillable acre was $13,574, and the average dollar per CSR2 was $174.

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Land Auction Results - February 2024

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The appraisal team at Peoples Company was able to track 85 tracts or 7,064.51 acres sold at public auction in Iowa during February 2024. The average dollar per acre was $13,389, the average dollar per tillable acre was $14,935, and the average dollar per CSR2 was $185.

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Land Auction Results - January 2024

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The appraisal team at Peoples Company was able to track 40 tracts or 3,868.91 acres sold at public auction in Iowa during January 2024. The average dollar per acre was $12,060, the average dollar per tillable acre was $14,071, and the average dollar per CSR2 was $183.

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Iowa Land Values Update - 2023 Quarter 4

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Peoples Company tracks agricultural auctions across the state of Iowa. From this data, we calculate the average dollar per CSR2 point ($/CSR2) for sales of tracts with greater than 85% tillable land. Additionally, these tracts are largely unimproved or include minimal improvement contribution.

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Land Auction Results - December 2023

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The appraisal team at Peoples Company was able to track 94 tracts or 9,929.61 acres sold at public auction in Iowa during December 2023. The average dollar per acre was $12,104, the average dollar per tillable acre was $14,085, and the average dollar per CSR2 was $180.

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Commercial Real Estate vs. Farmland

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After reading yet another negative headline on the $20 trillion commercial real estate (CRE) market, I was reminded of the investment characteristic I once assumed the CRE market shared with the $4 trillion farmland market.

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Choosing a Certified General Appraiser or a Realtor for Your Property Appraisal: Which One is Right for You?

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When it comes to determining the value of your property, whether for buying, selling, refinancing, or other purposes, it's crucial to rely on the expertise of a qualified professional. Two common choices for property appraisal are certified appraisers and real estate agents or brokers. While both can provide valuable insights, there are key differences between the two.

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Land Auction Results - November 2023

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The appraisal team at Peoples Company was able to track 255 tracts or 23,230 acres sold at public auction in Iowa during November 2023. The average dollar per acre was $12,018, the average dollar per tillable acre was $14,124, and the average dollar per CSR2 was $181.

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Weekly Auction Results: 11/12/23-11/18/23

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As harvest across the Midwest is wrapping up, the seasonal auction sales are officially in full swing. In Iowa, our appraisal team was able to track over 7,800 acres sold in 89 tracts. The average dollar per acre was $13,043, average dollar per tillable acre was $14,423 with an average dollar per CSR2 point of $178. This is down 2% from the Q3 average. Illinois had a rally, too, with 1,830 acres selling in 24 tracts at an average dollar per acre of $15,281.

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Weekly Auction Results: 11/5/23-11/11/23

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November is historically the busiest time of year for public auctions, and 2023 is no exception. The week of November 5, 61 tracts were auctioned in Iowa, 20 in Illinois, 15 in Minnesota, and 10 in Nebraska.

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Land Auction Results - October 2023

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The appraisal team at Peoples Company was able to track 57 tracts or 5,552 acres sold at public auction in Iowa during October 2023. The average dollar per acre was $12,456, the average dollar per tillable acre was $13,820, and the average dollar per CSR2 was $171.

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How Do Partial Interests Impact Value?

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My brother and I own land that has been in our direct family lineage for 150 years, and I am proud of this legacy. There is a general admiration for farm operations that have been in a family for several generations. However, there can be surprises in the event of a death or marriage dissolution that a family may be unaware of when there are multiple owners with varying fractions of ownership, resulting in minority ownership.

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2023 National Land Values Webinar

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Peoples Company unveils the 2023 National Land Values report featuring data-driven research on current farmland values across the nation, trends that may impact future values, and practical stories from around the country. This exclusive webinar explores the impact of renewable energy, foreign ownership, inflation, higher interest rates, and continued geo-political pressures on farmland values.

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Smart Money vs. Scared Money: Reconsidering Farmland in Today's Market

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Throughout my 20-year career at Peoples Company, I have been involved in billions of dollars of real estate transactions and have witnessed firsthand the financial performance of U.S. farmland through numerous economic shocks including the great financial crisis, Ben Bernanke’s quantitative easing experiment, Trump’s trade wars, the COVID-19 pandemic, Russia’s invasion of Ukraine, and now the nation’s battle with persistent inflation. On a pure return basis, farmland has outperformed most traditional equity and fixed income strategies, and has done so with incredibly low volatility compared to other asset classes over that time period.

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Iowa Land Values Update - 2023 Quarter 3

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Weekly Auction Results: 9/10/23-9/16/23

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Weekly Auction Results: 9/3/23-9/9/23

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Land Auction Results - August 2023

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Weekly Auction Results: 8/27/23-9/2/23

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Weekly Auction Results: 8/20/23-8/26/23

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Weekly Auction Results: 8/13/23-8/19/23

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Weekly Auction Results: 8/6/23-8/12/23

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Weekly Auction Results: 7/30/23-8/5/23

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Land Auction Results - July 2023

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Weekly Auction Results: 7/16/23-7/29/23

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What To Do With Gifts of Oil, Gas, and Minerals

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Weekly Auction Results: 7/9/23-7/15/23

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Weekly Auction Results: 7/2/23-7/8/23

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Iowa Land Values Update - 2023 Quarter 2

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Land Auction Results - June 2023

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Land Investment Monthly - July 2023

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Weekly Auction Results 6/18/23-6/24/23

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Weekly Auction Results 6/11/23-6/17/23

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Weekly Auction Results 6/4/23-6/10/23

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Weekly Auction Results 5/28/23-6/3/23

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Land Auction Results - May 2023

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Weekly Auction Results 5/21/23-5/27/23

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Weekly Auction Results 5/14/23-5/20/23

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Weekly Auction Results: 5/7/23-5/13/23

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Weekly Auction Results: 4/30/23-5/6/23

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Land Auction Results - April 2023

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Weekly Auction Results: 4/23/23-4/29/23

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Weekly Auction Results: 4/16/23-4/22/23

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Weekly Auction Results: 4/9/23-4/15/23

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Planting Progress April 2023

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Weekly Auction Results: 4/2/23-4/8/23

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Iowa Land Values Update - 2023 Quarter 1

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Weekly Auction Results: 3/26/23-4/1/23

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Land Investment Monthly - April 2023

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Weekly Auction Results: 3/12/23-3/18/23

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Overview of National Trends on Local Markets

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Weekly Auction Results: 3/5/23-3/11/23

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Weekly Auction Results: 2/26/23-3/4/23

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Land Auction Results - February 2023

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NCREIF Farmland Property Index 2022 4th Quarter Results

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Land Investment Monthly - March 2023

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Weekly Auction Results: 2/19/23-2/25/23

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Weekly Auction Results: 2/12/23-2/18/23

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Agricultural Real Estate Market - 2022 Year Review and 2023 Outlook

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Weekly Auction Results: 2/5/23-2/11/23

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Weekly Auction Results: 1/29/23-2/4/23

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Land Auction Results - January 2023

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Land Investment Monthly - February 2023

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Weekly Auction Results: 1/22/23-1/28/23

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Weekly Auction Results: 1/15/23-1/21/23

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Weekly Auction Results: 1/8/23-1/14/23

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Iowa Land Values Update - 2022 Quarter 4

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Land Auction Results - December 2022

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Weekly Auction Results: 12/25/22-12/31/22

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Weekly Auction Results: 12/18/22-12/24/22

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Weekly Auction Results: 12/11/22-12/17/22

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Weekly Auction Results: 12/4/22-12/10/22

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Weekly Auction Results: 11/27/22-12/3/22

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Land Auction Results - November 2022

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The Irony of the Inflation Reduction Act for the Farmland Asset Class

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Land Investment Monthly - December 2022

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Weekly Auction Results: 11/20/22-11/26/22

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Weekly Auction Results: 11/13/22-11/19/22

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How Can I Add Value to My Recreational Property?

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Weekly Auction Results: 11/6/22-11/12/22

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Iowa Farmland Values 2022: Hamilton County, Hardin County, Marshall County, and Grundy County

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