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Murray Wise Ag Notes.

The back-story behind the rescheduling of East Coast Brokers and Packers auctions

July 12, 2013

There has been a great deal of interest in the upcoming auction of the farms, packing facilities, equipment and other assets owned by East Brokers Brokers and Packers and the Madonia family. As noted in the press release elsewhere on our site, the Chapter 11 Trustee has now filed papers with the United States Bankruptcy Court, Middle District of Florida, Tampa Division, requesting approvals of auction dates. Read more

Think of your estate as a crop, and manage it for the maximum yield

June 27, 2013

As farmers, we are careful to plant our crops at the right time, in proper fertility and properly prepared soil. We know the right techniques for growing a good crop, and we implement them religiously. We'd never dream of sowing our seeds randomly, at the wrong time of the year, and expecting a good yield. Read more

Auction services are not commodities

April 9, 2013

Farmers understand commodities. The essence of a commodity is that one is pretty much like another. A bushel of corn is a bushel of corn. It will accomplish the same thing as the next bushel, so you buy it at the lowest price you can. It's a good system that works -- for a commodity. Read more

What's better than an ag degree? An ag degree with scholarship assistance from the Murray Wise Foundation

March 19, 2013

One of the rewarding aspects of my career is the opportunity to help promising agriculture students finance their education through the Murray Wise Associates Foundation scholarships. We're approaching the March 31 deadline for new applicants, and I'm hoping we get a large number of applicants. Read more

Champaign County farmland sells for $15,375 per acre

March 7, 2013

As I noted a few days ago, folks who were saying a couple of years ago that they'd wait and buy farmland at lower prices are still waiting. And now -- right here in my own county -- we just saw prices go higher still. With a whole room full of people, I feel sure there were some folks who decided quite a while back that farmland was too expensive.  And they're still waiting!  -- Murray Read more

What're you waiting for?

February 28, 2013

Three or four years ago, people began to suggest that farmland prices were getting too high for their taste. Some suggested that "maybe I'll wait and get them at a lower price later." Read more

Farmland trends that can help you improve your results

February 4, 2013

I've noticed lately that the "skyrocketing farmland prices" headlines have pretty much disappeared from the news. Thank goodness! Read more

Time for agriculture students to apply for Murray Wise Foundation scholarships

January 8, 2013

When it comes to a college education, few fields can equal the benefits of an agriculture degree. Not only can it prepare future farmers, but it can also lead to a wide range of opportunities, including business, forestry, manufacturing, sales and many others. Read more

The Real China Story

December 11, 2012

China not only cannot feed itself, its agricultural output is not growing due to a strange phenomenon: As more and more rural Chinese people head for better-paying work in the cities, some are abandoning their plots of land and, with no cultural history or institution of tenant farming, the land is left idle. One would expect that President Xi will address this situation. But even if he gets all the tillable land in China back under cultivation, they will still need to import lots of foodstuffs to keep pace with growing domestic demand there. Read more

Reflections on Federal Reserve Ag Conference

November 29, 2012

I had the great honor this week of serving as keynote speaker for a prestigious gathering of farmland owners, academics, policymakers and other leaders at an agriculture conference sponsored by the Federal Reserve Bank of Chicago.

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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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