Murray Wise Ag Notes.

“If it’s any good, it’s gone pretty fast” - John Kirkpatrick on IA Farmland

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.

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Reality may hit for some farmers as grains go to market

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. 


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LandCast: A good opportunity for local owners, operators, and investors in Missouri

October 10, 2016

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Though interest rates are among the dynamics that stir the market for farmland we’ve rarely felt compelled to comment on their impact outside of that market.

August 25, 2016

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You can still get a good price for your farm, but you’ll have to cast a wider net

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.

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Neighborhoods Matter

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. 


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Quit fretting over this year's commodity prices. This is a great time to buy farmland.

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?

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Time to have those hard conversations about rent

September 28, 2015


Most of our day-to-day conversation lately has addressed short term questions. How big will the harvest be? What does the future hold for commodity prices? What's the direction of land prices and rents? Those are natural questions, especially this time of year when the harvest is taking shape. But most of these are factors over which we have little control in the short term.

 So let's talk about what we can control: Rent. Specifically, rental agreements based on commodity prices that no longer exist.

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Murray Wise Makes Sense of Mixed Signals On Farmland - June 2015

June 1, 2015

Now that the crops are in the ground, Murray Wise connects the dots in the current marketplace, looking at current commodity prices, anticipated crop size, carryouts, and the impact of all this on farmland prices. Click the link and listen to this 14-minute conversation while you drive or work out! Read more

Professional farm management even more important in a complex market

May 22, 2015

For several years now, everybody’s focus has been on farmland prices, and notably on the dramatic rise in prices per acre. But now, we’re seeing a shift to something even more basic: Farm profitability.

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About Murray Wise

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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