Peoples Perspective

The South Dakota Blockchain Institute held its first symposium in Sioux Falls, SD on Thursday, November 2, 2023. Most, if not all, reading this article have heard of blockchain and its association with Bitcoin or cryptocurrencies. To some, just mentioning blockchain can initiate great enthusiasm while others dismiss it with the wave of a hand.

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.

I had the opportunity to visit one of my managed farms in central Iowa a few weeks ago. We always seek to be a good partner and building strong, positive relationships is important to our management approach. I hit the jackpot this day, as I got to share a hot meal out in the field with my farmer tenant and his family.

Julie C Barraza Boggs, AFM, Peoples Company, Monroe, LA, has been awarded the Accredited Farm Manager (AFM) designation from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).

Revenue Protection (RP) provides coverage against yield losses due to natural weather causes and the decline of the commodity price between the Projected Price and Harvest Price. As we reach the end of October, the Chicago Board of Trade (CBOT) has been tracking the harvest price for corn and soybeans in the Midwest. This dollar amount will be released in early November and plays an important factor when determining if a grower or policyholder will have a revenue loss for the 2023 growing season.

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.

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.

White-tailed deer are one of the most iconic wildlife species across the country and, by far, the most hunted big game species. Managing populations and herd health is an important aspect of maximizing hunting opportunities. One effective way to support your local deer population is by planting food plots. Once established, food plots provide supplemental nutrition for deer, especially during critical times like winter and early spring when natural forage is scarce. Soil fertility, plant selection, and weed control are just a few of the key components that contribute to the overall success of deer food plots.

Every real estate agent learns at the start of their licensing process that they will be dealing with two types of people: clients and customers. The real estate “Code of Ethics” demands high standards of professional conduct that protect the interests of both clients and customers and guard the rights of consumers of real estate services.

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.