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?
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.
January 27, 2015
People are constantly asking me whether it’s a good time to buy farmland. Others want to know if it’s a good time to sell. The answer is yes to both – depending on your needs and objectives, of course. I talk about why in these two short landcasts. Happy listening!
December 10, 2014
“What will my farm bring?”
That is one of the most difficult questions I hear from people who are trying to decide whether to offer their farmland at auction. Markets are constantly changing, and no two farms are exactly alike.
November 10, 2014
I had the privilege of speaking at length recently with Victoria G. Myers, Senior Editor of Progressive Farmer Magazine. Here's an out-take based on my comments, which appeared in the November edition. (Used by permission.)
August 11, 2014
June 24, 2014
June 3, 2014
May 20, 2014
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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Sold! 390 acres near Commercial Point, OH sold for $3,050,000 to one local buyer. pic.twitter.com/vmUVeg3Qh6
Great auction last night with The Wendt Group. Sold to two bidders after active bidding. Final price $2,275,000. #AshlandOhio 386 Acres pic.twitter.com/PZUaBwxqqW
Sold! 849 acres in Richland & Huron Counties, OH sold today at auction for $7,458,000 to 10 separate buyers. http://www.murraywiseassociates.com/farmland-real-estate/auction/ItemId/113/Ohio/Richland-Huron-Counties … pic.twitter.com/HST5OSNJWN
Sold! 937 acres sold at auction this afternoon for $2,141,370 (includes Buyers Premium). pic.twitter.com/mG6s5Zvxum
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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