Land Business Monthly - July 2022

PeoplesCompany.comBUSINESS MONTHLYLANDJULY 2022 + Green Acres to White Acres+ Tenancy in Common: Keeping Your Ownership Interest Real+ Challenges in the Valuation of Permanent Plantings

LAND BUSINESS MONTHLY | JUL 22Green Acres to White AcresTenancy in Common: Keeping Your Ownership Interest RealPeoples Company Managed Farm Showcased on June 18th Field DayLand Manager Earns Highest Professional StatusChallenges in the Valuation of Permanent PlantingsLand Investment Monthly July 2022—New ListingsTable ofContents345567801.10.2023 iowa events centerpresented by PEOPLES COMPANYSAVE THE DATEREGISTER EARLY!

PeoplesCompany.com | 3Green Acres to White AcresLAND MANAGEMENTCotton, to some, is one of the most beautiful crops during the growing season and before harvest. Typically, cotton is considered a warm weather plant. It does not like having “wet feet” and prefers to grow in sandy or loamy soils. For reference, cotton requires about 50% of the water that it takes to irrigate corn. Unlike most crops, cotton is planted shallower (1/4” - 3/4”) compared to corn or soybeans, which are normally planted 1” - 2” deep. Depending on soil types and moisture availability, seed depth may vary slightly. Some farmers are known to plant cotton in beds for furrow irrigation if an inadequate supply of moisture is present. This will help address the water on or off the field, depending on where the water is directed. Cotton is considered a perennial plant but treated as an annual plant due to crop mixes and soil health for future crops. The typical date to plant cotton is anywhere from early April to early May.READ MORE +By Drew Cohn | Land Manager | DeltaTo learn about our land management services, please visit our website: PeoplesCompany.com.

LAND BUSINESS MONTHLY | JUL 22Tenancy in Common: Keeping Your Ownership Interest RealThere are various avenues for individuals to invest and co-own real estate. Generally, when multiple individuals are looking to purchase real estate, establishing a land-holding entity is a common approach. However, the membership interest in the entity is classified as a personal property interest and does not provide the co-owners the possibility of a Section 1031 exchange. Suppose the co-owners are making a Section 1031 exchange or are conscientious of future Section 1031 exchanges. In that case, the co-owners may decide to own an undivided interest in the real estate as tenants-in-common (commonly referred to as a “TIC”). The TIC structure provides certain advantages and disadvantages. This blog post will give a general overview of the TIC structure and is not for the purpose of providing legal advice. You should contact your attorney and accountant for advice regarding your specific situation. READ MORE +CAPITAL MARKETS

PeoplesCompany.com | 5Land Manager Earns Highest Professional StatusPeter Isaacson, AFM, AAC, has been awarded the Accredited Agricultural Consultant (AAC) designation from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®). Isaacson earned the AAC designation by meeting stringent requirements in addition to passing a rigorous written examination and abiding by the American Society’s Code of Ethics.READ MORE +Peoples Company Managed Farm Showcased on June 18th Field DayPeoples Company is proud to support the efforts of landowners, operators, and local organizations bringing new conservation practices onto the working landscape. And whenever possible, we want to help highlight these efforts for others to learn from. On Saturday, June 18, a field day was held and open to the public on the Hunt Farm in Hardin County, Iowa.READ MORE +

LAND BUSINESS MONTHLY | JUL 22Challenges in the Valuation of Permanent PlantingsAGRICULTURAL APPRAISALBy Jeremy Darner | Managing Partner | Pacific WestPermanent Plantings include long-lived tree or vine crops that typically have a lifespan greater than 10 years and can often have a lifespan of over 25 years. These include nut crops, tree fruit, vineyards, and some berries. The dynamic and varied factors that influence the valuation of permanent crops pose many unique challenges to valuation practitioners. Among others, these challenges include a fixed physical life, variable production, dynamic crop prices, inflationary pressures, and shifting consumer preferences.READ MORE +To learn more about our appraisal services, please visit our website: PeoplesCompany.com.

PeoplesCompany.com | 7Land Investment MonthlyLAND INVESTMENTWallaces Farmer:Iowa Farmland Values SoarREAD MORE +Hoosier Ag Today:How Rising Interest Rates Will Impact Farmers, AgricultureREAD MORE +The Wall Street Journal: A Massive Maui Ranch Next Door to Oprah’s Property Asks $75 MillionREAD MORE +Des Moines Register: Iowa State University Report: Farmers Paying More for Fertilizer But Gouging Not FoundREAD MORE +NC State University: Invasive Insect That Kills Grapes Could Reach California Wine Region by 2027READ MORE +Associated Press: California Lawmakers Mull Buying Out Farmers to Save WaterREAD MORE +Photo Credit: AP Photo/Rich Pedroncelli, File

LAND BUSINESS MONTHLY | JUL 22New ListingsLAND BROKERAGE & AUCTIONS85.75 ACRES M/LWAYNE COUNTY, IA650.68 ACRES M/LCLAY COUNTY, MN79 ACRES M/LKEOKUK COUNTY, IA241.80 ACRES M/LKOSSUTH COUNTY, IA322.41 ACRES M/LPHELPS COUNTY, NE34.65 ACRES M/LWAYNE COUNTY, IA147.65 ACRES M/LSTUTSMAN COUNTY, ND461.87 ACRES M/LMONROE COUNTY, IL207.50 ACRES M/LDECATUR COUNTY, IA

PeoplesCompany.com | 9VIEW ALL AGRICULTURAL LISTINGS +120 ACRES M/LAPPANOOSE COUNTY, IA160 ACRES M/LSCOTT COUNTY, IA80 ACRES M/LWARREN COUNTY, IA140.87 ACRES M/LMADISON COUNTY, IA53.21 ACRES M/LOLMSTED COUNTY, MN201.74 ACRES M/LGUTHRIE COUNTY, IA74 ACRES M/LSTORY COUNTY, IA148.75 ACRES M/LWILKIN COUNTY, MN465.95 ACRES M/LWASECA COUNTY, MN

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