Peoples Perspective

DSTs: An Option for Replacing Debt in a Section 1031 Exchange

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To complete a successful Section 1031 Exchange, investors must comply with various requirements as mandated by the IRS. It is fairly well known that exchange investors must replace the equity proceeds from the sale of a property with a “like-kind” replacement property (or...

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Weekly Auction Results 5/14/23-5/20/23

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The past few weeks have remained slow regarding auction activity in Iowa.  The week of May 14 was a bit more active, with a total of eight tracts selling, though only four met our criteria of 35+ acres and 85%+ tillable to be able to calculate an average dollar-per-CSR2 trend.  Two...

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Weekly Auction Results: 5/7/23-5/13/23

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It was another week of slow auction activity in Iowa auctions.  There were four total auctions that meet our criteria, which means there were not enough results to calculate averages for dollar per acre, dollar per tillable and dollar per CSR2 point.

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Protecting Michigan’s Specialty Crop Industry: A Guide to Specialty Crop Insurance

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Michigan is the second most agriculturally diverse state in the United States, especially when talking about crops. Michigan is also a top producer of specialty crops. So, what are specialty crops? The lawful definition provided by the USDA is any “fruits and vegetables, tree nuts, dried...

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Weekly Auction Results: 4/30/23-5/6/23

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It was another slow week in Iowa auctions.  We saw only two tracts sell, with a total of only 271.42 acres.  If you recall, Peoples Company only calculates an average for dollar per acre, tillable acre and CSR2 point for weeks with five or more tracts selling.

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Pay Dirt: Conserve Money, Energy, and Improve Soil Health with No-Till Farming

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One question remains the same for the future of agriculture: How do we do more with less? Building conservation and sustainability practices into farming operations are a positive step in the right direction. In a recent publication, “Save Money on Fuel with No-Till Farming,” by the...

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Land Auction Results - April 2023

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There were 27 tracts of land that sold at auction in Iowa during April 2023. During these auctions, there was a total of 2,386 acres that exchanged hands. This volume is down 72% from April 2022’s volume of 8,601 acres, but only down 5% of April 2021’s volume of 2,528 acres. Iowa...

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Weekly Auction Results: 4/23/23-4/29/23

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Four tracts of land sold in Iowa April 23-29, 2023.  Peoples Company only tracks the average dollar per acre and dollar per CSR2 averages for weeks with over five tracts selling. Minnesota, however, sold six tracts with an average per acre of $5,478 and Missouri sold eight tracts with an...

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Land Investment Monthly - May 2023

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Photo Credit: Illinois Farm Bureau   Peoples Company Further Expands in Missouri by Adding Two Offices Peoples Company, a full-service land transaction and management business licensed in all major agricultural regions in the U.S., today announced it is expanding further into Missouri...

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Paving the Way

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  Peoples Company internship program lays the career path for Lucas Riesenberg   As the son of an Iowa farmer, Lucas Riesenberg witnessed firsthand that if you want something to blossom and grow, you need to tend to it early and often. Riesenberg has used that approach in starting...

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