Blog
April 3, 2024
2024 Planting Season
With planting season right around the corner, Peoples Company wanted to take this opportunity to remind growers of the upcoming important dates revolving around this next stage of the crop insurance cycle. Initial planting dates, replanting, and prevent planting are important topics to discuss during this time of year and play an important role in MPCI coverage moving forward after the sales closing deadline.
April 3, 2024
Evaluating Impacts of Transition to "Net Zero" on Farmland Values
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].
April 2, 2024
Land Auction Results - March 2024
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.
April 1, 2024
WEBINAR | The Power of Energy Management: Unleashing Potential (April 2024)
Please join Peoples Company for the latest installment of our webinar series "The Power of Energy Management: Unleashing Potential" with speakers Kayla Rowan, Mike Greczyn, Robert Wilson, and Blake Singleton.
March 28, 2024
OPEC+ Production Cuts: What Does it Mean for Oil Prices?
Earlier this month OPEC+ announced it intends to continue production cuts through the second quarter of 2024. This announcement left forecasters at the EIA scrambling to adjust the Short-Term Energy Outlook stating, “We now forecast significantly less global oil production than world oil consumption through the first half of 2024, requiring draws on world petroleum stocks (inventory). Stock draws tend to increase oil prices.”
March 27, 2024
The Importance of Surface Water in the Delta
Tailwater recovery systems, reservoirs, and relifts are some of the water carrying practices farm operators, landowners and conservationists implement to efficiently move water in the Delta. While there are several Delta aquifers used across the region, most farmland depends on pumping from is the Mississippi River Alluvial Aquifer.
March 26, 2024
Landowner Insights Webinar | March 2024
In this first webinar in the Landowner Insights series, Dr. David Muth of Peoples Company presented on market trends, economic drivers, and environmental policy impacting the farmland asset class as well as management strategies to regulate risk and optimize return.
March 21, 2024
Peoples Company Receives Top Land Auction Honors at 2023 REALTORS® Land Institute APEX Awards Program
Peoples Company, a national leader in land brokerage, agricultural appraisal, land and energy management, crop insurance, and capital markets, received top land auction honors at the REALTORS® Land Institute’s APEX Award ceremony in Louisville, Kentucky on Tuesday, March 12, 2024. The APEX Awards, held in conjunction with The Land Report, is a top annual awards program designed to recognize excellence and performance of land sale professionals.
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March 6, 2024
Natural Gas 2024 Outlook
As of 2024, natural gas commodity prices have exhibited a dynamic and fluctuating trend influenced by various factors. One significant driver of prices has been the global demand-supply dynamics. Increased demand for natural gas, particularly in emerging economies, has contributed to upward pressure on prices.
March 4, 2024
Land Auction Results - February 2024
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.
March 1, 2024
Iowa Farm Manager Earns Highest Professional Status
Paul Anderson, AFM, Peoples Company, Indianola, IA, has been awarded the Accredited Farm Manager (AFM) designation from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).
February 27, 2024
Farm Overhead Costs: Accounting for the Full Picture
The supply and demand market of agriculture that creates cashflow instability cannot be avoided, but having strong oversight on all expenses can help mitigate risk. Accounting for all expenses is critical to keeping a business running efficiently, from estimating upcoming fiscal needs to knowing what level grain and livestock sales need to be to produce a profit.
February 9, 2024
Crop Insurance Dates and Deadlines
For producers wanting to make elections and enroll in the ARC or PLC program, the sign-up period is open through March 15, 2024. It is encouraged to work with the local USDA county Farm Service Agency (FSA) office to complete this process.
February 6, 2024
Land Auction Results - January 2024
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.
February 1, 2024
Florida Farm Manager Earns Highest Professional Status
Thiago Lima, AFM, Peoples Company, Jacksonville, FL, has been awarded the Accredited Farm Manager (AFM) designation from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).
February 1, 2024
The Benefits of Community Solar
Community solar is a transformative and inclusive approach to harnessing the power of solar energy for the benefit of local communities. This innovative concept allows individuals who may not have the means or ability to install solar panels on their own properties to access clean and renewable energy.
January 31, 2024
Enhanced Coverage Option and Supplemental Coverage Option
With the Sales Closing Deadline approaching, I have been asked several questions regarding the different crop insurance plans and how they work. More specifically, the Enhanced Coverage Option (ECO) and Supplemental Coverage Option (SCO) endorsement. Both endorsements provide coverage for a portion of the deductible of an insured underlying crop insurance policy.
January 30, 2024
Aligning Landowner and Tenant Goals
I have worked with a variety of non-profit organizations, education institutions, and federal partners over the past 10 years in the farmland conservation space. Our vocabulary has changed over time, but the intent has remained constant: we work to leave the land better than how we found it.
January 30, 2024
FREE WEBINAR: Big Questions in Land Management | February 2024
Please join Peoples Company for our “Big Questions in Land Management” webinar series on Wednesday, February 28, from 3:00 - 4:30 PM Central Time. Founder and CEO, John Roach with Roach Ag will discuss “Use Fundamentals Plus an Algorithm for Crop Marketing.” Other topics include “Land Management Services” with George Baird, Owner of Landmark Ag, “Using Drones for Application” with Danny Assman, Partner of Terraplex, and “Renewable (Wind, Solar, Batteries) Discussion” with Brad Haight, Owner of Farm First Energy. Please mark your calendars for this free webinar to hear from these industry experts.
January 5, 2024
Iowa Land Values Update - 2023 Quarter 4
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.
