Peoples Perspective

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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Land Investment Monthly - July 2023

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Photo Credit: Scott Olson/Getty Images   Democrat, Republican Team Up to Limit Chinese Purchase of U.S. Farmland A bipartisan pair of senators hopes to limit China’s ability to purchase farmland in the U.S. and force the U.S. government to consider stripping some Chinese and...

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Acreage Reporting Deadline

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As the acreage reporting deadline approaches, filing this report timely and accurately is a crucial part of the crop insurance cycle. After planting is completed, the acreage report is used for crop insurance and indicates the crop(s) you have planted and should also include the acres that were...

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Weekly Auction Results 6/18/23-6/24/23

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June is closing out strong, with 19 tracts selling at public auction in Iowa, two in Illinois, 9 in Minnesota, 3 in Missouri and 2 in South Dakota. The high sale of the week went to an O’Brien County, Iowa 73.06-acre cropland farm, selling for $21,700 per acre or $238 per CSR2. Iowa...

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Property Valuation: Asking Price vs. Sale Price

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The valuation of agricultural properties relies heavily on the analysis of comparable transactional data. Prior transactions of similar properties are analyzed quantitatively and/or qualitatively to indicate the most probable price at which typical buyers and sellers would have a “meeting...

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