Land Values Blogs
June 13, 2024
Eminent Domain Valuation
Farmland owners face several challenges to ownership related to utility companies, pipeline companies, highways, and others who need to acquire property for a potential new corridor through their land. There are increasing demands for power and energy sources which is leading to increased demands from agencies needing to acquire land. It is important for landowners and companies that need to acquire a corridor to understand the process of completing appraisals for eminent domain purposes.
June 10, 2024
Farmland as an Inflationary Hedge – What Types of Agriculture Production Should be Considered?
As inflation rates continue to rise in the United States, investors have renewed interest in alternative investment opportunities that can outperform traditional asset classes without sacrificing stability. In 2021, The Land Report named Bill Gates as the top private farmland owner in America, since then investors of all sizes and backgrounds have flocked to the agricultural sector.
June 5, 2024
Land Auction Results | May 2024
The appraisal team at Peoples Company was able to track 37 tracts or 3,711 acres sold at public auction in Iowa during May 2024. The average dollar per acre was $11,238, the average dollar per tillable acre was $12,604, and the average dollar per CSR2 was $165.
May 6, 2024
Land Auction Results | April 2024
The appraisal team at Peoples Company was able to track 50 tracts or 3,514.48 acres sold at public auction in Iowa during April 2024. The average dollar per acre was $10,852, the average dollar per tillable acre was $13,624, and the average dollar per CSR2 was $181.
May 2, 2024
Deciphering the Dynamics of the Midwest Land Market
At Peoples Company, the question that is heard daily up and down the halls is a simple yet pivotal one: “What is happening in the land market?” In recent years, the answer has been straightforward - an upward trajectory.
April 4, 2024
Iowa Land Values Update - 2024 Quarter 1
Peoples Company tracks agricultural auctions across the state of Iowa. From this data, we calculate the average dollar per CSR2 point ($/CSR2) for sales of tracts with greater than 85% tillable land. Additionally, these tracts are largely unimproved or include minimal improvement contribution.
April 3, 2024
Evaluating Impacts of Transition to "Net Zero" on Farmland Values
In 2021 the U.S. rejoined The Paris Agreement, a legally binding international treaty on climate change, and published “The Long-Term Strategy of the United States, Pathways to Net-Zero Greenhouse Gas Emissions by 2050 [1]. Net zero refers to a balance between the amount of greenhouse gas (GHG) that is produced and the amount of GHG removed from the atmosphere. Agriculture accounts for approximately 10% of total GHG emissions in the U.S. [2].
April 2, 2024
Land Auction Results - March 2024
The appraisal team at Peoples Company was able to track 82 tracts or 6,803.16 acres sold at public auction in Iowa during March 2024. The average dollar per acre was $11,316, the average dollar per tillable acre was $13,574, and the average dollar per CSR2 was $174.
Blog Categories
Subscribe To Our Newsletter
Peoples Company proactively works to anticipate the needs of those in the agricultural sector. Our monthly email publication keeps readers in the know about everything land.
March 4, 2024
Land Auction Results - February 2024
The appraisal team at Peoples Company was able to track 85 tracts or 7,064.51 acres sold at public auction in Iowa during February 2024. The average dollar per acre was $13,389, the average dollar per tillable acre was $14,935, and the average dollar per CSR2 was $185.
February 6, 2024
Land Auction Results - January 2024
The appraisal team at Peoples Company was able to track 40 tracts or 3,868.91 acres sold at public auction in Iowa during January 2024. The average dollar per acre was $12,060, the average dollar per tillable acre was $14,071, and the average dollar per CSR2 was $183.
January 5, 2024
Iowa Land Values Update - 2023 Quarter 4
Peoples Company tracks agricultural auctions across the state of Iowa. From this data, we calculate the average dollar per CSR2 point ($/CSR2) for sales of tracts with greater than 85% tillable land. Additionally, these tracts are largely unimproved or include minimal improvement contribution.
January 4, 2024
Land Auction Results - December 2023
The appraisal team at Peoples Company was able to track 94 tracts or 9,929.61 acres sold at public auction in Iowa during December 2023. The average dollar per acre was $12,104, the average dollar per tillable acre was $14,085, and the average dollar per CSR2 was $180.
December 27, 2023
Commercial Real Estate vs. Farmland
After reading yet another negative headline on the $20 trillion commercial real estate (CRE) market, I was reminded of the investment characteristic I once assumed the CRE market shared with the $4 trillion farmland market.
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
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.
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.
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.
