February 6, 2017
As this is written, it is almost certain that the Fed will increase short term rates in 2017. In addition, rates have already been trending up slightly for the past few months. Inflationary pressure is peeking around the corner in the form of higher wages (including the many minimum wage laws effective January 1, 2017) and an apparent growth trend. Oil prices are also trending upward modestly since the recent OPEN agreement. In addition to signaling rate increases, the Fed has intimated that it would not be displeased with an incremental increase in inflation.
February 1, 2017
The situation sounds like the plot of some horror movie in which a small, nearly microscopic, parasite destroys civilization as we know it. Unfortunately, that is nearly the real world situation that has been facing Florida orange growers for the better part of a decade.
January 18, 2017
The election ended with a surprising winner and in my judgement, is likely to lead to an administration long on more surprises. We really don’t know what the new administration’s policies affecting agriculture will be. We’ve been witness to a range of possibilities accompanied by predictions of great success or abysmal failure depending on the political position of the predictors.
December 28, 2016
“If it’s any good, it’s gone pretty fast” - John Kirkpatrick recently spoke with Iowa Farmer Today about Iowa farmland; see what else he had to say about farmland values and rents in the article.
October 11, 2016
Now that the harvest is under way, there’s no avoiding the question of how lower corn and soybean prices will affect the viability of some farm operations. Most will probably be fine, but others are expected to start running short on cash, and a loss on this year’s crop won’t help. Meanwhile, we’re seeing signs that lenders are concerned about the cumulative impact of several rough years. Many lenders are taking steps to move quickly in the case of missed payments.
October 10, 2016
August 25, 2016
May 11, 2016
For more than a decade, we saw Midwest farmland prices rising steadily, year after year. Farmers and farmland investors saw their net worth increase dramatically, and many realized their long-term profits by selling into a rising market. Others held back. Now, after two or three years of flat to falling prices, they’re asking if it’s too late.
March 22, 2016
I must have seen it a thousand times. A farm sells for a high price and the owner of a nearby farm perks up. His farm, after all, has similar soil types and on the surface looks almost identical. Can he get the same price?
Maybe, maybe not.
November 24, 2015
To read the headlines, you might get the idea that farmland prices are teetering on a ledge, poised for a big fall. The common script is that weak commodity prices will pull land prices down with them. So why did 160 acres of farmland in Champaign County, Illinois, sell on Nov. 18 for $13,156 per acre?
Murray Wise founded the Westchester Group in 1986 after acquiring the Champaign, IL division of the Sandage Companies, a traditional farm management and brokerage firm…
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937± acres in Morgan Co, OH. Farmland, hunting & recreational opportunities, rolling scenic hills. Sept 30 - 10AM http://bit.ly/2vf24bQ pic.twitter.com/JrsgZWqrP9
. @LandReport honors 150+ of the country’s leading land specialists as America’s Best Brokerages & Top Auction Houses http://ow.ly/egRN30eicbP pic.twitter.com/x7JGo0rtQ4
Sold! $4,061,290. Great crowd, great bidding, great auction. Coshocton, OH. pic.twitter.com/12Dhq8gXHc
Great sale yesterday in Como, MS @WoltzRealEstate! Spirited bidding on 2,077ac (21 tracts) that ended up selling to 1 buyer for $5,307,750 pic.twitter.com/RP7q2iLNlJ
Murray Wise Associates LLC
1605 South State Street, Suite 110
Champaign, IL 61820
800.607.6888 (Toll free)
Real Estate and Farm Management
Murray Wise Capital
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