Peoples Perspective

Weekly Auction Results: 3/27/22–4/2/22

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Iowa saw 18 tracts sell last week, with an average dollar per acre of $11,530, average dollar per tillable acre of $13,409 and an average dollar per CSR2 of $190.  This is up 5% from the previous week, and up 9% from Q1 2022's average. The high sale of the week was a close call: ...

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Iowa Land Values Update - 2022 Quarter 1

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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 - March 2022

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Auctions picked up in March, bringing 92 tracts to the Iowa Market – up from February’s 74 tracts.  These 92 tracts totaled 9,859 acres and brought a total price of $114,971,679.  The average dollar per gross acre was $12,183, with an average dollar per tillable acre of...

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Land Investment Monthly - April 2022

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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

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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

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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

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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

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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

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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

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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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