April 10, 2023

By Lynda Kiernan-Stone, Global AgInvesting Media

It all starts with land – Peoples Company

Peoples Company is one of the U.S.’s leading land brokerage, management, appraisal, energy management, crop insurance, and capital markets providers. Having established strong relationships through the industry with a coast-to-coast footprint, the company’s core business model centers on brokering large scale, sophisticated land deals, and the acquisition and management of investment-grade assets for institutional investors, family offices, and high-net-worth individuals. 

The scale and scope of its business – working to deploy capital, broker assets, appraise farms, and manage farmland across every key agricultural region in the country – gives Peoples Company a decided ability to  to provide reliable data to compare land values across the country and examine numerous factors impacting the market through their third annual National Land Values Report in the fall of 2022.

The U.S. farmland market at the beginning of 2023 was vastly different from just three years earlier. Buyers and investors turned their focus to hard assets seeking a measure of safety from market volatility, the effects of lockdowns, and disruptions to global commodity trade due to the pandemic and the war in Ukraine. Still, others were new entrants to the asset class as a hedge against inflation.

These factors resulted in the total value of U.S. farmland real estate soaring in value by $292 billion, positioning the farmland market to surpass $4 trillion for the first time this year. 

The Peoples Company’s 2022 National Land Values Report turns a lens on this economic perfect storm, outlining what drove this run-up in land values and determining whether farmland values will continue to appreciate in 2023 by examining how key policies intersect with farmland’s correlation with inflation, and farmers’ profitability to create a fertile landscape for market growth.

You can access the report in its entirety here. 

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