Peoples Perspective

What Is A Closing Disclosure?

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When buying property, whether residential, commercial, or land, a very common question from buyers is “how much money will I need to bring to the closing?” There are many factors that play into the financial piece of buying real property, and it is all shown on what is called a...

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Iowa Land Values Update - 2022 Quarter 4

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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 - December 2022

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Iowa had strong auction activity in December, with 13,356 acres selling in 127 tracts. This volume was down 11% from December 2021, but was in the top three months of 2022, surpassed only by November (14,529 acres) and June (18,559 acres). The average dollar per CSR2 was $185, which is up 5%...

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Land Investment Monthly - January 2023

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Photo Credit: Daniel Acker/Bloomberg   After Historic Growth, Will Iowa Farmland Prices Fall? Wendong Zhang, an Iowa State University economist, attributed the rising prices to a strong ag economy. Corn, soybean, hog and egg prices have increased dramatically in the last two years....

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Weekly Auction Results: 12/25/22-12/31/22

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There were 30 tracts of land that sold December 25-31, 2022.  Of the 3254 acres sold, 88% were tillable.  Iowa Results: Tracts Sold: 30                Average $/Acre: $10,871 Average $/Tillable:...

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Cover Crops: Is Aerial Seeding a Fit for Your Operation?

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Over the last decade, cover crops have been proven as one of the most effective tools for preventing erosion and improving water quality. Aerial seeding cover crops is quickly becoming a common practice because of the benefits it offers. It’s cost-effective and saves the producer time and...

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Weekly Auction Results: 12/18/22-12/24/22

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There were 6 tracts of land offered at public auction December 18 through December 24. During these auctions, there was a total of 534.93 acres available for purchase and of those acres, 90% were tillable acres. Iowa Results: Tracts Sold: 6  Average $/Acre: $10,183 Average $/Tillable:...

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Weekly Auction Results: 12/11/22-12/17/22

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There were 38 tracts of land offered at public auction December 11 through December 17, of which 35 tracts sold the day of the auction. During these auctions, there was a total of 4,703 acres available for purchase and of those acres, 86% were tillable acres. Iowa Results: Tracts Sold:...

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Crop Insurance Now Available With Peoples Company

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Peoples Company is pleased to announce the implementation of a new crop insurance business line, appointing Craig Nielsen as the managing agent. With over 13 years of experience in the industry, Nielsen will assist the Land Management and Capital Markets divisions to provide our clients and...

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Why Do We Prorate Expenses at Closing?

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As we begin a new year, it is becoming more apparent that real estate continues to grow not only as an asset class but also as a diversification of an investment portfolio. With every real estate transaction, there are several things that buyers and sellers alike need to keep in mind. Making...

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