Peoples Perspective

Employing the Right Farmland Broker

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For many, making the decision to sell a farmland holding can be extremely difficult, particularly if the property has been owned by a family for multiple generations and the owner has only one chance to get it right. For others, buying and selling farmland is an everyday occurrence. Regardless...

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Weekly Auction Results: 10/16/22-10/22/22

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There were 17 tracts of land that sold at auction between October 16th and October 22nd in Iowa. During these auctions, there was a total of 1,692 acres available for purchase with an average of 89% tillable acres. Iowa Results: Tracts Sold: 17 Average $/Acre: $14,204 Average $/Tillable:...

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Is Organic Farmland Worth More?

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Overall Organic Market Total U.S. Organic (Food and Non‐Food) Sales has been on the rise for at least the last decade, according to the Organic Trade Association, which publishes an annual Organic Industry Survey. While consumer demand has spurred organic farming, questions revolving around...

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Record High Prices: Do They Tell the Full Story?

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Over the past year, we’ve seen some historically high auction sales of cropland in Iowa. Multiple farms have brought over $26,000 per acre, bringing sticker shock to many who have been in the agricultural land market for years.  In our latest Quarterly Update, the Appraisal...

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Weekly Auction Results: 10/9/22-10/15/22

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There were 24 tracts of land that sold at auction between October 9th and October 15th in Iowa. During these auctions, there was a total of 1,948 acres available for purchase with an average of 87% tillable acres. Iowa Results: Tracts Sold: 24 Average $/Acre: $10,959 Average $/Tillable:...

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Weekly Auction Results: 10/2/22-10/8/22

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There were 14 tracts of land that sold at auction between October 2nd and October 8th in Iowa. During these auctions, there was a total of 1,199 acres available for purchase with an average of 86% tillable acres. Iowa Results: Tracts Sold: 14 Average $/Acre: $8,955 Average $/Tillable:...

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Iowa Land Values Update - 2022 Quarter 3

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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 - September 2022

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Iowa saw 100 tracts sell in September – that’s up a few from August’s 94 tracts, but down significantly from September 2021 when we saw 166 tracts hit the market.  The average dollar per acre was $12,383, with an average dollar per tillable acre of $14,107 bringing the...

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Weekly Auction Results: 9/25/22-10/1/22

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There were 22 tracts of land that sold at auction between September 25th and October 1st in Iowa. During these auctions, there was a total of 1,900 acres available for purchase with an average of 90% tillable acres. Iowa Results: Tracts Sold: 22 Average $/Acre: $15,066 Average $/Tillable:...

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Land Investment Monthly - October 2022

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Photo Credit: Gil Gullickson   RLI Iowa Chapter Announces Results of September 2022 Land Trends and Values Survey The results of the September survey show a 2.8% increase on a statewide average for the March 2022 to September 2022 time period. This is following the September 2021...

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