In the News

Current happenings in the ag world.

Parkland students on target with appraisals for land in Murray Wise Associates auction

December 13, 2013

CHAMPAIGN, Ill.  (Dec. 9, 2013) -- As bidders competed Friday for a 103-acre Vermilion County farm, approximately 30 agriculture students from Parkland College watched carefully to see which of their appraisals would be closest to the final price. The assignment was part of an annual competition in which the students appraised the farm for an Agriculture Business Management class.

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Crawford County, Ill., farmland sells for $8.2 million

December 13, 2013

ROBINSON, Ill. (Dec. 13, 2013) – Approximately 1,550 acres of Crawford County land – most of it contiguous cropland – sold for $8.2 million Thursday as bidders seeking smaller individual tracts outlasted those investors seeking to buy most of the land, according to Murray Wise Associates, who managed the sale.

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Crawford County farmland – A major opportunity to obtain productive Illinois cropland

November 15, 2013

Area farmers and investors alike will have a rare opportunity to obtain productive tillable farmland in Crawford County. The farmland auction set for Dec. 12 will feature 1,553 acres, with 1,273 acres of tillable cropland. Murray Wise Associates is managing the sale.

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Auction of packing, cold storage facilities brings East Coast Brokers & Packers total to $75.8 million

October 28, 2013

CHAMPAIGN, Ill. (Oct. 28, 2013) – The last sale in the series of live and online auctions was one of the smallest, at $800,000, but in a way it was the most satisfying to the auction team, the creditors, the receiver and others who have spent the past five months marketing the assets of East Coast Brokers & Packers.

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Major farmland auction set for Clay County

October 21, 2013

CHAMPAIGN, Ill. (Oct. 21, 2013) – Approximately 2,013 acres of Clay County land – including approximately 1,261 acres of tillable cropland – will sell at auction Wednesday, Nov. 20, with Murray Wise Associates LLC managing the sale.

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Upcoming auctions may help define direction of Illinois farmland prices

October 18, 2013

CHAMPAIGN, Ill. (Oct. 18, 2013) – After spending much of the year on the biggest set of auctions in the company's history, the Murray Wise Associates team now faces a new challenge, with a lineup of Illinois sales that may give a hint at what's ahead for farmland prices.

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Final auction of East Coast Brokers & Packers assets to feature packing, cold storage facilities in Virginia and West Virginia

October 10, 2013

WINCHESTER, Va. (Oct. 14, 2013) – A cold storage facility in Ranson, W. Va., and three former Zero Pak facilities in Winchester, Va., will sell Oct. 25 in the final auction of assets formerly owned by East Coast Brokers & Packers, the Madonia family and related entities.

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Bankruptcy Court approves all sales of East Coast Brokers & Packers assets

September 6, 2013

TAMPA, Fla. (Sept. 9, 2013) - After months of marketing, seven auctions and more than 13,000 man hours, the efforts to sell the assets of East Coast Brokers and Packers, the Madonia family and related entities have culminated in court approval of sales totaling approximately $75 million.

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Tractors, pickups, farm equipment to sell in Florida and Virginia auctions

July 30, 2013

OCALA, Fla. (July 29, 2013) -- Scores of tractors, forklifts, trucks, sprayers, specialized tomato implements and other pieces of agricultural equipment will sell in two major auctions in Florida and Virginia.

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Court approves auctions of East Coast Brokers and Packers assets

July 15, 2013

MULBERRY, Fla. (July 25, 2013) - A U.S. Bankruptcy Court has approved the upcoming auctions of thousands of acres of farmland in Florida and Virginia, beginning Thursday, Aug. 15. Assets to be sold will include labor camps, packing facilities, homes, farm equipment, trucks and other assets owned by East Coast Brokers and Packers, and the Madonia family and certain of their affiliates. 

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