Peoples Perspective

Local Agricultural Consultant Earns Highest Professional Status

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GLENDALE, CO July 11, 2022 – Eric Geiger, AFM, AAC, Peoples Company, Omaha, NE, has been awarded the Accredited Agricultural Consultant (AAC) designation from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®). Geiger earned the AAC designation by meeting...

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FREE WEBINAR: Big Questions in Land Management - August 2022

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Please join Peoples Company for the latest edition of our “Big Questions in Land Management” webinar series on August 23rd from 3 p.m. to 4:30 p.m. Stephen Nicholson with Rabobank will discuss the global economy, the Russian war, and factors that relate to the US agricultural grain...

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Weekly Auction Results: 7/3/22–7/9/22

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Iowa had seven tracts sell at auction last week: Average $/Acre: $11,246 Average $/Tillable: $12,484 Average $/CSR2: $159 % Change from Prior Week: -14% % Change from Q2 2022: -15% The top $/Acre and top $/CSR2 sale went to a 154 acre cropland farm carrying a CSR2 rating of 83.7 in Plymouth...

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Iowa Land Values Update - 2022 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...

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Land Investment Monthly - July 2022

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Photo Credit: AP Photo/Rich Pedroncelli, File   Iowa Farmland Values Soar Farmland prices are soaring and many wonder if the peak is near. The continual strong commodity prices and low interest rates make land a good investment right now, but an increase in interest rates may slow it...

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Vetting Comparable Sales - A Critical Analysis

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Many times during my inspection of a subject property, I spend time visiting with the client about sales activity in the market area. I often ask if they know of any similar farms nearby that have sold or if they have recently purchased any farms. This question sometimes leads to a sale...

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Weekly Auction Results: 6/26/22–7/2/22

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Iowa had 48 tracts sell last week: Average $/Acre: $11,158 Average $/Tillable: $13,783 Average $/CSR2: $185 % Change from Prior Week: +8% % Change from Q1 2022: +6% The top $/Acre sale went to a Dickinson County 39.6 acre cropland farm which brought $21,100/acre or $243/CSR2.  The top...

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Land Auction Results - June 2022

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June 2022 Auction Data: Tracts sold: 177 Average $/Acre: $12,798 Average $/Tillable Acre: $14,489 Average $/CSR2: $185 It was a busy June in auction sales:  June 2022 saw over twice as many tracts sell as compared to June 2021.  The average $/CSR2 of $185 was down 4% from May’s...

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Iowa Farmland Values 2022: Story County, Polk County, Tama County, and Benton County

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Continuing with the 2022 Iowa Farmland Values blog series, we will use the 2021 Farmland Value Survey to highlight average farmland characteristics and production costs in and across Story, Polk, Tama, and Benton Counties. If you are interested in acquiring similar information, contact your...

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Weekly Auction Results: 6/19/22–6/25/22

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35 tracts sold in Iowa last week, bringing an average dollar per acre of $12,707 with an average dollar per tillable of $13,877 and an average dollar per CSR2 of $171. This $/CSR2 is down 13% from the previous week and down 2% from the Q1 $/CSR2 average.   The big story of the week...

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