Peoples Perspective

Weekly Auction Results: 1/22/23-1/28/23

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There were 24 tracts of land that were offered at public auction in Iowa January 22-28. During these auctions, there was a total of 2,333 acres available for purchase and of those acres, 94% were tillable. Iowa Results Tracts Sold: 23 Average $/Acre: $12,801 Average $/Tillable: $14,692 Average...

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EIA Predicts Oil Prices Will Fall in 2023-2024, 3 Factors to Consider

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Short-Term Energy Outlook Takeaways In January, the Energy Information Administration (EIA) released its 2023 Short-Term Energy Outlook. Although demand is expected to rise by 50,000 barrels per day (bpd), production is expected to outpace demand. The EIA predicts Brent crude oil prices will...

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FREE WEBINAR: Big Questions in Land Management (February 2023)

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Please join Peoples Company for the latest edition of our “Big Questions in Land Management” webinar series on February 22nd from 3 pm to 4:30 pm. Jonathan Kramer with Whitfield and Eddy will discuss the different types of “Organizational Structures of Farmland...

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Weekly Auction Results: 1/15/23-1/21/23

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There were 17 tracts of land that sold at auction January 15-21. During these auctions, there was a total of 1,681acres available for purchase and of those acres, 85% were tillable. Iowa Results Tracts Sold: 17 Average $/Acre: $10,358 Average $/Tillable: $12,643 Average $/CSR2: $175 1 Week %...

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Weekly Auction Results: 1/8/23-1/14/23

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There were 17 tracts of land that sold at auction January 8-14. During these auctions, there was a total of 1795 acres available for purchase and of those acres, 91% were tillable. Iowa Results Tracts Sold: 17 Average $/Acre: $11,232 Average $/Tillable: $12,069 Average $/CSR2: $161 1 Week %...

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What Is A Closing Disclosure?

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When buying property, whether residential, commercial, or land, a very common question from buyers is “how much money will I need to bring to the closing?” There are many factors that play into the financial piece of buying real property, and it is all shown on what is called a...

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Iowa Land Values Update - 2022 Quarter 4

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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 - December 2022

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Iowa had strong auction activity in December, with 13,356 acres selling in 127 tracts. This volume was down 11% from December 2021, but was in the top three months of 2022, surpassed only by November (14,529 acres) and June (18,559 acres). The average dollar per CSR2 was $185, which is up 5%...

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Land Investment Monthly - January 2023

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Photo Credit: Daniel Acker/Bloomberg   After Historic Growth, Will Iowa Farmland Prices Fall? Wendong Zhang, an Iowa State University economist, attributed the rising prices to a strong ag economy. Corn, soybean, hog and egg prices have increased dramatically in the last two years....

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Weekly Auction Results: 12/25/22-12/31/22

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There were 30 tracts of land that sold December 25-31, 2022.  Of the 3254 acres sold, 88% were tillable.  Iowa Results: Tracts Sold: 30                Average $/Acre: $10,871 Average $/Tillable:...

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