Peoples Perspective

Land Auction Results - October 2022

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There were 101 tracts of land that sold at auction in October 2022. During these auctions, there was a total of 8,601 acres available for purchase. This volume is down 23% from September 2022, but up 5% from October 2021. Iowa Results: Tracts Sold: 101 Acres Sold: 8,601 Average $/Acre:...

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Land Investment Monthly - November 2022

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A farmer harvests soybeans on a farm near Ely in November 2021. Photo Credit: Richard Pratt   Cropland Values Still Increasing in Iowa, Illinois Cropland values in Iowa increased 2.8% for the period from March to September 2022, according to the latest Land Trends and Value Survey...

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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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