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a big year<br />
and a natural disaster, the local agriculture<br />
community is experiencing better times.<br />
The high price the ground brought last<br />
summer was symbolic of a few things,<br />
economic experts said.<br />
“<strong>Farmer</strong> confidence is high,” said<br />
Wendong Zhang, an assistant professor<br />
in economics and extension economist at<br />
<strong>Iowa</strong> State University. That optimism is<br />
partly fueled by rebounding commodity<br />
prices and all they imply.<br />
“It’s a whole perfect storm,” Zhang<br />
said. Low interest rates. Strong grain and<br />
meat exports to China. A limited land<br />
supply locally and statewide. Government<br />
agriculture supports for COVID-19<br />
impacts and trade issues. Cumulatively,<br />
they’ve led to a renaissance of sorts.<br />
Doug Yegge and Alan McNeil from the<br />
DeWitt office of Peoples Company, a national<br />
brokerage, were the listing agents<br />
for the July 20 auction of 306.9 acres sold<br />
by Dolan Family Farms LLC. The three<br />
tracts of land brought in $4.8 million for<br />
an average $15,599 an acre (the third tract<br />
<strong>Eastern</strong> <strong>Iowa</strong> <strong>Farmer</strong> photo / Trevis Mayfield<br />
Alan McNeil and Bryan Bergdale were among the Peoples Company representatives on hand to<br />
help answer questions and handle logistics at an auction this summer. McNeil and Doug Yegge<br />
are both with the DeWitt office, which has seen a pickup in farm ground for sale this year in<br />
<strong>Eastern</strong> <strong>Iowa</strong>.<br />
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Wheatland Mutual Insurance<br />
109 N Main, Wheatland, <strong>Iowa</strong> | Hours: Mon - Fri 8 am - 4 pm<br />
563-374-1567 | wmi2001@fbcom.net | wheatlandmutual.com<br />
eifarmer.com <strong>Fall</strong> <strong>2021</strong> | <strong>Eastern</strong> <strong>Iowa</strong> <strong>Farmer</strong> 43<br />
<strong>Eastern</strong><strong>Iowa</strong><strong>Farmer</strong>_<strong>Fall</strong><strong>2021</strong>.indd 43<br />
9/15/21 10:23 am
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