February 22, 2012
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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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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