Peoples Perspective

Understanding Certain Nuances of an Agricultural Real Estate Purchase Agreement

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Farmland is a unique asset. It is a great hedge against inflation, there are generally fewer issues than residential and commercial properties, and you get to enjoy a little slice of heaven. In fact, farmland has been one of the best performing asset classes over the previous 20 years. With all...

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Weekly Auction Results: 10/23/22-10/29/22

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There were 47 tracts of land that sold at auction between October 23rd and 29th, 2022. During these auctions, there was a total of 3,917 acres available for purchase with an average of 85% tillable acres. Iowa Results: Tracts Sold: 47 Average $/Acre: $11,135 Average $/Tillable: $13,899 Average...

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Despite Higher Production Costs, Custom Farming Maintains a Competitive Advantage

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There is no fast pass to generating wealth in farming and farmland ownership. Weather, commodity markets, and other factors from the long list of variables can ensure that there will be good years and bad years. But farmers are the ultimate optimists and hope to come out ahead in the long...

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NCREIF Farmland Property Index 2022 2nd Quarter Results

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Peoples Company is a member of NCREIF and actively monitors the quarterly Farmland Index results. This article reports a summary of 2nd Quarter 2022 NCREIF Farmland Index returns on a total and regional basis; a breakdown of permanent and annual cropland is included. It compares those...

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Employing the Right Farmland Broker

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For many, making the decision to sell a farmland holding can be extremely difficult, particularly if the property has been owned by a family for multiple generations and the owner has only one chance to get it right. For others, buying and selling farmland is an everyday occurrence. Regardless...

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Weekly Auction Results: 10/16/22-10/22/22

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There were 17 tracts of land that sold at auction between October 16th and October 22nd in Iowa. During these auctions, there was a total of 1,692 acres available for purchase with an average of 89% tillable acres. Iowa Results: Tracts Sold: 17 Average $/Acre: $14,204 Average $/Tillable:...

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Is Organic Farmland Worth More?

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Overall Organic Market Total U.S. Organic (Food and Non‐Food) Sales has been on the rise for at least the last decade, according to the Organic Trade Association, which publishes an annual Organic Industry Survey. While consumer demand has spurred organic farming, questions revolving around...

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Record High Prices: Do They Tell the Full Story?

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Over the past year, we’ve seen some historically high auction sales of cropland in Iowa. Multiple farms have brought over $26,000 per acre, bringing sticker shock to many who have been in the agricultural land market for years.  In our latest Quarterly Update, the Appraisal...

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Weekly Auction Results: 10/9/22-10/15/22

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There were 24 tracts of land that sold at auction between October 9th and October 15th in Iowa. During these auctions, there was a total of 1,948 acres available for purchase with an average of 87% tillable acres. Iowa Results: Tracts Sold: 24 Average $/Acre: $10,959 Average $/Tillable:...

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Weekly Auction Results: 10/2/22-10/8/22

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There were 14 tracts of land that sold at auction between October 2nd and October 8th in Iowa. During these auctions, there was a total of 1,199 acres available for purchase with an average of 86% tillable acres. Iowa Results: Tracts Sold: 14 Average $/Acre: $8,955 Average $/Tillable:...

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