Peoples Perspective

Land Investment Monthly - April 2022

 April 1, 2022
 Land Values 

Photo Credit: SeedWorld   Prices Being Paid for Illinois Farmland 'Unprecedented' Unprecedented describes the land market throughout 2021 and into the early stages of 2022. We ended 2021 incredibly strong with lots of action and we sit here in early 2022 trying to decipher...
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Weekly Auction Results: 3/20/22–3/26/22

 March 29, 2022
 Land Values 

The appraisal team tracked 22 auctions in Iowa last week, totalling 2,160 acres.  These tracts brought an average dollar per acre of $12,953, average dollar per tillable acre of $14,481 and an average dollar per CSR2 of $180.  This price is down 4% from the prior week, while still up...
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Do Your Due Diligence

 March 22, 2022
 Land Values 

What does it take to become competent in your daily appraisal work? USPAP 2020-2022 sets guidelines for competency in the Competency Rule, which states the following: An appraiser must: 1. Be competent to perform the assignment. 2. Acquire the necessary competency to perform the...
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Weekly Auction Results: 3/13/22–3/19/22

 March 22, 2022
 Land Values 

There were 19 auctions we were able to track results for this week, bringing an average dollar per acre of $12,986, average dollar per tillable acre of $14,191, and an average $/CSR2 of $187.  This is the same as the previous week, but still up 10% from Q4 2021.  
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The Closing Disclosure Breakdown

 March 15, 2022
 Real Estate 

Kalen Ludwig and her team at Peoples Company partner with Settle Up to close their real estate transactions. Danielle Guisinger with Settle Up is an expert in many areas of the closing process, but this blog features Danielle’s breakdown of a CLOSING DISCLOSURE.  When buying...
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Weekly Auction Results: 3/6/22–3/12/22

 March 14, 2022
 Land Auctions 

20 tracts went up for auction last week, representing 2,067 acres in the Iowa market and bringing an average dollar per acre of $8,913.   Of these tracts, only seven tracts met our criteria of 85% tillable to calculate the $/Tillable and $/CSR2. The average dollar per tillable acre...
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Weekly Auction Results: 2/27/22–3/5/22

 March 8, 2022
 Land Auctions 

Iowa saw 2,880 acres change hands last week, bringing an average dollar per acre of $13,544, average dollar per tillable acre of $14,261, and an average dollar per CSR2 of $188. This is up 3% from the previous week and 11% from Q4 2021. Peoples Company had a couple great auctions, including...
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What's Driving Grain Markets?

 March 8, 2022
 News & Events 

What began as a rising tide in post-Derecho, 2020 turned into the perfect storm of high demand and an uncertain supply in 2021. So far, in 2022, the grain markets continue to ride that momentum. China bought record amounts of corn in 2021 and pushed grain markets across the board to highs not...
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Land Auction Results - February 2022

 March 1, 2022
 Land Auctions 

In a typical year, February is considered a slow month in terms of Iowa auction sales. So far, 2022 is not a typical year. Iowa saw 74 tracts sell at public auction, bringing over 8,100 acres to the market.   These tracts brought an average dollar per acre of $10,669,...
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Land Investment Monthly - March 2022

 March 1, 2022
 Land Values 

Photo Credit: Isabel DeBre, AP   Biggest Rise in Midwest Land Values in Over a Decade Agricultural bankers reported a 22% increase in farmland values in the central Corn Belt during 2021, and they expect values to continue to rise in the opening months of this year, said...
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