Peoples Perspective

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

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Please join Peoples Company for the latest edition of our “Big Questions in Land Management” webinar series on August 23 from 3 PM to 4:30 PM Central Time. Tyler Bruch with Boa Safra Ag will discuss “Locating & Accessing Tax Deductions for Landowners.” Other topics...

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What To Do With Gifts of Oil, Gas, and Minerals

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When you receive gifts of oil, gas, and minerals, there are several options for what you can do with them. The appropriate course of action depends on your specific circumstances, goals, and preferences. Here are some possible options to consider: Retain Ownership: You can retain...

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Auction Transactions: A True Representation of the Market?

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The auction method of marketing has been a tried-and-true way of selling all types of assets for hundreds, if not thousands, of years. This marketing method is often considered to reflect true price discovery for the particular asset being auctioned. Due to the competitive nature of auctions,...

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Farmland Lease Termination Notices

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The deadline to complete farm lease termination notices is approaching for several states. How does a landowner or tenant know when to terminate a farm lease or when to let it automatically renew? The following information offers general farm lease information, considerations for...

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Weekly Auction Results: 7/9/23-7/15/23

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The week of July 10 saw a reduced number of farms offered at public auction. In Iowa, only nine tracts were offered at public auction, with 898 acres selling at an average dollar per acre of $10,692. Of those tracts sold in Iowa, only four met our criteria of more than 35 acres and greater than...

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Colorado River and Lower Basin Agriculture - Water Allocations and Regional Agricultural Production

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Many clients have been inquiring about the state of Colorado River water after the Lower Basin states’ (CA, AZ, and NV) much-publicized May 2023 proposal. California’s highly productive Colorado River-served farm regions – the Imperial, Coachella, and Palo Verde Valleys...

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WEBINAR | The Power of Energy Management: Unleashing Potential

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Please join Peoples Company for the launch of our new webinar series "The Power of Energy Management: Unleashing Potential" with speakers Matt Autry, Craig Kaiser, Blake Singleton, and Kayla Rowan. WEBINAR | The Power of Energy Management: Unleashing Potential Thursday, July 27,...

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Weekly Auction Results: 7/2/23-7/8/23

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Iowa Results Tracts Sold: 10 Average $/Acre: $13,988 Average $/Tillable: $14,627 Average $/CSR2: $176 % Change from 1 week: +8% Change from Q2 2023: -2% The high sale of the week went to a 122-acre cropland farm in Osceola County, selling for $19,200/acre or $247/CSR2. Below is a chart...

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Iowa Land Values Update - 2023 Quarter 2

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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 - June 2023

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The appraisal team at Peoples Company was able to track 93 tracts or over 8,700 acres sell at public auction in Iowa during June 2023. The average dollar per acre was $12,596, the average dollar per tillable acre was $14,293, and the average dollar per CSR2 was $177. This is up 7% from...

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