Peoples Perspective

Weekly Auction Results: 3/20/22–3/26/22

---

The appraisal team tracked 22 auctions in Iowa last week, totalling 2,160 acres.  These tracts brought an average dollar per acre of $12,953, average dollar per tillable acre of $14,481 and an average dollar per CSR2 of $180.  This price is down 4% from the prior week, while still up...

READ MORE

---

Do Your Due Diligence

---

What does it take to become competent in your daily appraisal work? USPAP 2020-2022 sets guidelines for competency in the Competency Rule, which states the following: An appraiser must: 1. Be competent to perform the assignment. 2. Acquire the necessary competency to perform the...

READ MORE

---

Weekly Auction Results: 3/13/22–3/19/22

---

There were 19 auctions we were able to track results for this week, bringing an average dollar per acre of $12,986, average dollar per tillable acre of $14,191, and an average $/CSR2 of $187.  This is the same as the previous week, but still up 10% from Q4 2021.  

READ MORE

---

The Closing Disclosure Breakdown

---

Kalen Ludwig and her team at Peoples Company partner with Settle Up to close their real estate transactions. Danielle Guisinger with Settle Up is an expert in many areas of the closing process, but this blog features Danielle’s breakdown of a CLOSING DISCLOSURE.  When buying...

READ MORE

---

Weekly Auction Results: 3/6/22–3/12/22

---

20 tracts went up for auction last week, representing 2,067 acres in the Iowa market and bringing an average dollar per acre of $8,913.   Of these tracts, only seven tracts met our criteria of 85% tillable to calculate the $/Tillable and $/CSR2. The average dollar per tillable acre...

READ MORE

---

Weekly Auction Results: 2/27/22–3/5/22

---

Iowa saw 2,880 acres change hands last week, bringing an average dollar per acre of $13,544, average dollar per tillable acre of $14,261, and an average dollar per CSR2 of $188. This is up 3% from the previous week and 11% from Q4 2021. Peoples Company had a couple great auctions, including...

READ MORE

---

What's Driving Grain Markets?

---

What began as a rising tide in post-Derecho, 2020 turned into the perfect storm of high demand and an uncertain supply in 2021. So far, in 2022, the grain markets continue to ride that momentum. China bought record amounts of corn in 2021 and pushed grain markets across the board to highs not...

READ MORE

---

Land Auction Results - February 2022

---

In a typical year, February is considered a slow month in terms of Iowa auction sales. So far, 2022 is not a typical year. Iowa saw 74 tracts sell at public auction, bringing over 8,100 acres to the market.   These tracts brought an average dollar per acre of $10,669,...

READ MORE

---

Land Investment Monthly - March 2022

---

Photo Credit: Isabel DeBre, AP   Biggest Rise in Midwest Land Values in Over a Decade Agricultural bankers reported a 22% increase in farmland values in the central Corn Belt during 2021, and they expect values to continue to rise in the opening months of this year, said...

READ MORE

---

Five Emerging Technologies Impacting Farmland Investing

---

By Dave Muth, Managing Partner, Alternative Equity Advisors Agriculture remains among the least digitized industry sectors (Fig 1).  McKinsey Global Institute’s digitization index rates agriculture with ‘relatively low digitization’ across all the metrics they evaluate...

READ MORE

---