Peoples Perspective

Livestock, Laws, and Influences on Land Use

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What is valuable to one buyer, may not be to another. And what happens next to your property may influence the value of your property. As an appraiser, we look at several factors that influence the market areas we study, with livestock and laws in many forms having influence on land use and...

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

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  There were 11 tracts of land offered at public auction in Iowa April 9-15. During these auctions, there was a total of 889 acres available for purchase and of those acres, 83% were tillable. Tracts Sold: 11 Average $/Acre: $13,952 Average $/Tillable: $15,934 Average $/CSR2: $199 1 Week...

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How to Determine if Dual Agency is a Good Fit for Your Transaction

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“Can you represent me in buying the farm if you are the listing agent?” That is a question that a lot of buyers ask when they have worked with a certain agent on previous deals. The short answer is, yes, but it carries with it confidentiality, trust, and the ability for the agent...

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Planting Progress April 2023

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In late March, the USDA released its Prospective Plantings report. These acreage estimates are based primarily on surveys conducted by the National Agricultural Statistics Service (NASS) during the first two weeks of March. This report is crucial because it provides detailed information from an...

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

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There were 9 tracts of land offered at public auction in Iowa April 2-8, 2023. During these auctions, there was a total of 741 acres available for purchase and of those acres, 91% were tillable. Iowa Results Tracts Sold: 9 Average $/Acre: $14,064 Average $/Tillable: $16,012 Average $/CSR2:...

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Peoples Company Further Expands in Missouri by Adding Two Offices

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Peoples Company, a full-service land transaction and management business licensed in all major agricultural regions in the U.S., today announced it is expanding further into Missouri by opening two appraisal offices – one in Centralia and one in Wentzville. Peoples Company’s...

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Iowa Land Values Update - 2023 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...

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Land Auction Results - March 2023

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There were 128 tracts of land that sold at auction in Iowa during March 2023. At these auctions, there was a total of 12,449 acres available for purchase and of those acres, 88% were tillable acres. Iowa Results Tracts Sold: 128 Acres Sold: 12,449 Average $/Acre: $11,572 Average $/Tillable:...

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

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There were 26 tracts of land offered at public auction in Iowa March 25 – April 1, 2023. During these auctions, there was a total of 2,813 acres available for purchase and of those acres, 88% were tillable. Iowa Results Tracts Sold: 26 Average $/Acre: $11,826 Average $/Tillable:...

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Land Investment Monthly - April 2023

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Photo Credit: Preston Keres/USDA/FPAC photo   Focus on Ag: Farmland Values Continue to Increase The enhanced farm income levels have resulted in sharply higher land values in many portions of Iowa, Minnesota, and other areas of the Upper Midwest. Land values have also been enhanced...

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