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Murray Wise Ag Notes.

Making sense of recent farmland values

August 11, 2014

I've had a number of conversations recently with farmers, farmland investors, bankers and others who have been trying to interpret the recent surveys of farmland prices. And I'll have to admit, we've all been doing some serious head scratching. The USDA's Land Values 2014 Summary, released in early August, shows 2013-2014 cropland values in the Corn Belt rising across the board, with Illinois, Indiana, Iowa, Missouri and Ohio all reporting increases ranging from 7.0 percent (Indiana) to 9.4 percent (Iowa). Read more

A Very Special Evening

June 24, 2014

As I mentioned recently, I hesitated to write anything more about my great honor in being named the 2014 recipient of the V. Dale Cozad Entrepreneur Award. Truthfully, it seemed immodest to do so. Read more

Not every day you get mentioned on the floor of the House!

June 3, 2014

It isn't every day that your Congressman takes the podium to recognize your achievements on the floor of the House of Representatives. So it was one of the proudest moments of my life when U.S. Rep. Rodney Davis rose to say a few words about my receiving Parkland College's V. Dale Cozad Entrepreneur of the Year. Read more

All things equal: High quality land produces greater returns and holds its value better

May 20, 2014

From the beginning of my career in agriculture, I've preached quality. Productive land with quality soils, good drainage and a good location will tend to be a sounder investment in all types of markets. Read more

Farmland price market adjusting to lower grain prices, but long-term outlook remains positive

March 10, 2014

Every year, Illinois Public Media and WILLAg.org bring together some of the Midwest's most influential landowners for an all-day Ag Outlook Meeting, and it was my pleasure to join them recently. Todd Gleason and the other good folks at WILLAg.org did a great job on the event and were kind enough to get a video recording of my session, which you can view in its entirety below. Read more

My favorite kind of market - one that discriminates!

February 10, 2014

Weak commodity prices. Concerns about falling farm income. Unsettled world grain markets. Uncertainty all around. Read more

One certainty in a cloudy ag future: Auctions will bring the best farmland prices

December 30, 2013

As I write this, China has just rejected two cargoes of DDGs from the United States after detecting MIR 162 – a GMO species not yet approved for import into China. According to various reports, the world's largest corn importer has turned away 665,000 metric tons of corn since November because of the issue. Read more

Farmland price increases are flattening out. So What?

September 30, 2013

At last, we're seeing signs that the bull market for farmland might be taking a breather. Over the past few months, we've seen prices in many areas begin to flatten, especially compared to the dramatic rises we've seen for three years. Read more

Successful East Coast Brokers and Packers auctions were culmination of long journey and amazing teamwork

September 23, 2013


 

In all my long career, I've never been more proud of an effort. Last week, we finished a series of seven auctions on a bankruptcy project so complicated that nobody dared dream of such an outcome: Approximately $75 million recovered for the creditors.

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Acres by the thousand, processing plants, tractors by the dozen, multiple states - it all adds up to one very exciting challenge!

July 31, 2013

I've been part of a lot of auctions in my career – many of them very big ones. Thousands of acres of land, offered in dozens of tracts. It's exhilarating. Read more
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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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