Blog
December 21, 2023
Have Your Cake and Eat It Too: Iowa's Beginning Farmer Tax Credit
You don’t have to look far to find headlines highlighting the high entry costs of farming. For each of those headlines, another one can be found pointing to the issues of the aging American farmer and a “sidelined” next generation waiting for their opportunity to step in. A 65-year-old farmer has faced a lot of challenges in their lifetime from weather volatility and the 1980s farm crisis to the more recently rising cost of capital. There’s no question that they have earned their spot at the head of the operation.
December 19, 2023
Peoples Company Continues National Expansion with Hires in Southeast and Southern Plains
Peoples Company, a full-service land transaction and management business, today announced the hires of Thiago Lima and Tommy Funk, continuing the company’s national expansion. Lima will oversee Peoples Company’s farm management in Florida, Georgia and Alabama and work alongside Peoples Company’s brokerage team. Funk will focus on Texas and Oklahoma, with an emphasis on land management and land acquisition.
December 18, 2023
Midwest Drought Conditions Post-Harvest
It’s easy to fall into the mindset that our concerns regarding the lack of rainfall are past us once the crop is out of the ground. A drought naturally puts crop production at risk, but dry conditions post-harvest also have long-term impacts on farming operations.
December 7, 2023
Choosing a Certified General Appraiser or a Realtor for Your Property Appraisal: Which One is Right for You?
When it comes to determining the value of your property, whether for buying, selling, refinancing, or other purposes, it's crucial to rely on the expertise of a qualified professional. Two common choices for property appraisal are certified appraisers and real estate agents or brokers. While both can provide valuable insights, there are key differences between the two.
December 4, 2023
Land Auction Results - November 2023
The appraisal team at Peoples Company was able to track 255 tracts or 23,230 acres sold at public auction in Iowa during November 2023. The average dollar per acre was $12,018, the average dollar per tillable acre was $14,124, and the average dollar per CSR2 was $181.
November 20, 2023
Weekly Auction Results: 11/12/23-11/18/23
As harvest across the Midwest is wrapping up, the seasonal auction sales are officially in full swing. In Iowa, our appraisal team was able to track over 7,800 acres sold in 89 tracts. The average dollar per acre was $13,043, average dollar per tillable acre was $14,423 with an average dollar per CSR2 point of $178. This is down 2% from the Q3 average. Illinois had a rally, too, with 1,830 acres selling in 24 tracts at an average dollar per acre of $15,281.
November 13, 2023
Louisiana Delta Waterfowl Hunting
Louisiana is renowned for its rich culture, extensive agricultural opportunities, and diverse wildlife. Bountiful and diverse wildlife populations offer unique recreational hunting opportunities, which is the exact reason that Louisiana is referred to as the “Sportsman’s Paradise.” This article centers on Louisiana duck hunting, but waterfowl hunting is a very popular pastime across the country, particularly in the other Delta states of Arkansas, Mississippi, and Tennessee.
November 13, 2023
Weekly Auction Results: 11/5/23-11/11/23
November is historically the busiest time of year for public auctions, and 2023 is no exception. The week of November 5, 61 tracts were auctioned in Iowa, 20 in Illinois, 15 in Minnesota, and 10 in Nebraska.
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November 10, 2023
Is Blockchain the New Autosteer?
The South Dakota Blockchain Institute held its first symposium in Sioux Falls, SD on Thursday, November 2, 2023. Most, if not all, reading this article have heard of blockchain and its association with Bitcoin or cryptocurrencies. To some, just mentioning blockchain can initiate great enthusiasm while others dismiss it with the wave of a hand.
November 8, 2023
Land Auction Results - October 2023
The appraisal team at Peoples Company was able to track 57 tracts or 5,552 acres sold at public auction in Iowa during October 2023. The average dollar per acre was $12,456, the average dollar per tillable acre was $13,820, and the average dollar per CSR2 was $171.
November 7, 2023
Boots on the Ground – Harvest Edition
I had the opportunity to visit one of my managed farms in central Iowa a few weeks ago. We always seek to be a good partner and building strong, positive relationships is important to our management approach. I hit the jackpot this day, as I got to share a hot meal out in the field with my farmer tenant and his family.
October 31, 2023
Louisiana Farm Manager Earns Highest Professional Status
Julie C Barraza Boggs, AFM, Peoples Company, Monroe, LA, has been awarded the Accredited Farm Manager (AFM) designation from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).
October 26, 2023
Will You Have a Crop Insurance Revenue Loss for 2023?
Revenue Protection (RP) provides coverage against yield losses due to natural weather causes and the decline of the commodity price between the Projected Price and Harvest Price. As we reach the end of October, the Chicago Board of Trade (CBOT) has been tracking the harvest price for corn and soybeans in the Midwest. This dollar amount will be released in early November and plays an important factor when determining if a grower or policyholder will have a revenue loss for the 2023 growing season.
October 17, 2023
2023 National Land Values Webinar
Peoples Company unveils the 2023 National Land Values report featuring data-driven research on current farmland values across the nation, trends that may impact future values, and practical stories from around the country. This exclusive webinar explores the impact of renewable energy, foreign ownership, inflation, higher interest rates, and continued geo-political pressures on farmland values.
October 17, 2023
How Do Partial Interests Impact Value?
My brother and I own land that has been in our direct family lineage for 150 years, and I am proud of this legacy. There is a general admiration for farm operations that have been in a family for several generations. However, there can be surprises in the event of a death or marriage dissolution that a family may be unaware of when there are multiple owners with varying fractions of ownership, resulting in minority ownership.
October 11, 2023
What Should You Expect From Your Real Estate Agent?
Every real estate agent learns at the start of their licensing process that they will be dealing with two types of people: clients and customers. The real estate “Code of Ethics” demands high standards of professional conduct that protect the interests of both clients and customers and guard the rights of consumers of real estate services.
