Peoples Perspective

Introductions and Land Markets

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Greetings from Peoples Company Missouri and my first-ever blog article. My name is Boyd Harris, and I am the team leader and Senior Appraiser for Peoples Company in Missouri. One of my business groups, AgriLand Appraisal Group, became part of Peoples Company in March 2023. We are excited to be...

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The Art of Auctioning Agricultural Real Estate

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Auctioning agricultural real estate is a complex process that requires a deep understanding of the market, the property, and potential buyers. The auctioneer must be able to create excitement and competition among the bidders, while also ensuring that the property is sold for a fair...

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Weekly Auction Results: 7/30/23-8/5/23

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Iowa saw 19 tracts sell at public auction 7/31-8/5, 2023, with 1,927 acres changing hands. The average dollar per acre was $16,088 with an average $/CSR2 of $197 which is up 10% from the Q2 average. Iowa Results Tracts Sold: 19 Average $/Acre: $16,088 Average $/Tillable: $16,873 Average...

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Land Auction Results - July 2023

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The appraisal team at Peoples Company was able to track 45 tracts or 4,948 acres sell at public auction in Iowa during July 2023. The average dollar per acre was $12,535, the average dollar per tillable acre was $14,134, and the average dollar per CSR2 was $176. This is down 1% from June's...

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Land Investment Monthly - August 2023

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Photo Credit: Joshua A. Bickel, Associated Press   Lawmakers Seek to Limit Corporate and Foreign Ownership of U.S. Farmland U.S. lawmakers from both parties are pushing legislation that would limit who can own American farmland, with a latest effort from Democratic Senator Cory Booker...

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Weekly Auction Results: 7/16/23-7/29/23

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This week’s snapshot includes the weeks of July 16-22 and 23-29. These two weeks had 2,842 acres offered for sale in Iowa, with an average dollar per acre of $12,209 and an average dollar per CSR2 of $158. This $/CSR2 is down 12% from the Q2 average of $179. Iowa Results Tracts Sold:...

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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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