February 22, 2012
I have a challenge for you: Look around on Wall Street -- or anywhere else for that matter -- and find a business where net income was up 28% and debt decreased by 3%.
February 21, 2012
February 16, 2012
John Kirkpatrick, who manages our business in Iowa, had some good thoughts recently on the attention given recently to prices on Iowa farmland. The sale of a farm for $20,000 an acre popped up on the national media radar screens, just as the eye of the nation was already focused on the state, which was packed full of reporters there to cover the Iowa caucuses.
February 2, 2012
Nobody follows and reports on farmland prices and ag economics quite like Landowner editor and blogger Mike Walsten. Lately, Mike's been on a roll, with a great item on the recent auction of cash leases on 3,000 acres. Lease prices ranged from $400 to $530 per acre. Cash rents tend to lag movements in land prices, so it wouldn't surprise me if we continue to see some strong increases.
January 15, 2012
With so much focus on farmland as an investment, it's easy to get the idea that investors are the ones doing all the buying, but the opposite is true. In fact, investors were buying a higher percentage of the farmland in Illinois 2004 than farmers. (Illinois is the only state on which we have statistics, but our auction results reflect the same trend elsewhere.) If we spring forward to 2009, the last year the data was available, we see farmers were purchasing twice as much Illinois farmland as investors.
January 9, 2012
We've come a long way from the time -- just a few years ago -- when we relied on the postman to bring us our newsletters and magazines on the agriculture industry, and when "networking" consisted largely of attending conferences.
January 2, 2012
People who fret about farmland prices getting too high tend to be overlooking the very low amount of debt owed by American farmers. The average U.S. farmer currently owes $9 for each $100 worth of assets. In the early 1980s, the average farmer owed $22 on every $100 worth of assets.
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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"For farmers, bankruptcy isn’t always the end – sometimes it’s a new beginning." https://bit.ly/2HRJuA1
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AUCTION: 1,050 acres of timber in Muskingum County, OH. August 18 @ 9am. 21 tracts PLUS hunting lease! More info: http://www.murraywiseassociates.com/farmland-real-estate/auction/ItemId/124/Ohio/Muskingum-County … pic.twitter.com/KTgTHa0XB5
GREAT QUALITY LAND! 308 acres for sale in Cerro Gordo County, Iowa. CSR2 - 83.2 For more information —-> http://www.murraywiseassociates.com/Real-Estate/Listing/ItemId/123/Iowa/Cerro-Gordo-County …
SOLD! 2,176 acres in Eufaula, OK for a total sale price of $2,889,150 and $1,327/acre. It was a great turnout with a lively group of bidders. Thanks to all who came out! pic.twitter.com/Gn7v9nYeRw
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Real Estate and Farm Management
Murray Wise Capital
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