Peoples Perspective

Land Auction Results - February 2023

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There were 61 tracts of land that sold at auction in February 2023. During these auctions, there was a total of 6,472 acres available for purchase and of those acres, 90% were tillable acres. Iowa Results Tracts Sold: 61 Acres Sold: 6,472 Average $/Acre: $12,047 Average $/Tillable:...

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NCREIF Farmland Property Index 2022 4th Quarter Results

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Overview The verbiage below is quoted directly from the NCREIF Farmland Property Index 2022 4th Quarter Results: “The NCREIF All Farmland Properties Report represents data collected from the Data Contributing Members of the National Council of Real Estate Investment Fiduciaries...

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Land Investment Monthly - March 2023

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Photo Credit: Alexandra Hootnick for The Wall Street Journal   Chicago Fed: 2022 Farmland Values Saw Annual Increase of 12 Percent The Federal Reserve Bank of Chicago’s quarterly AgLetter, David Oppedahl explained that, “In 2022, the District saw a strong...

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

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There were 18 tracts of land offered at public auction in Iowa February 19-25, 2023, 17 of which sold during bidding. During these auctions, there was a total of 2,158 acres available for purchase and of those acres, 86% were tillable. Iowa Results Tracts Sold: 17 Average $/Acre:...

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What is a 1031 Exchange?

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Photo Credit: Getty Images   Section 1031 of the Internal Revenue Code provides real property owners with a major tax-deferral and reinvestment opportunity that can be utilized by investors to build long-term growth in their real estate portfolio. Section 1031 establishes a procedure...

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

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There were seven tracts of land that were offered at public auction in Iowa February 12-18, 2023. During these auctions, there was a total of 910 acres available for purchase and of those acres, 98% were tillable. Iowa Results Tracts Sold: 7 Average $/Acre: $12,914 Average $/Tillable:...

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Agricultural Real Estate Market - 2022 Year Review and 2023 Outlook

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Macro-economic factors drive real estate markets, and over the last 24 months, several of these factors have shown significant changes. Let’s take a deeper dive into commodity prices (specifically corn and soybean), input costs (specifically fertilizer), inflation, and the U.S. Discount...

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

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There were 20 tracts of land that were offered at public auction in Iowa February 5-11, 2023. During these auctions, there was a total of 2,006 acres available for purchase and of those acres, 91% were tillable.There were 20 tracts of land that were offered at public auction in Iowa February...

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Crawfish Season in Louisiana

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  LAISSEZ LES BONS TEMPS ROULER February in Louisiana ushers in crawfish season, a time of year that every Louisiana resident looks forward to all year round. Whether you like them boiled, fried, or cooked in your Mama’s étouffée, if you’re a Louisianian, you...

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

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There were 20 tracts of land that were offered at public auction in Iowa January 29 – February 4, 2023. During these auctions, there was a total of 2,007 acres available for purchase and of those acres, 89% were tillable. Iowa Results Tracts Sold: 20 Average $/Acre: $12,091 Average...

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