May 3, 2012
As I write this, American diplomats are dealing with the awkward situation of Chinese dissident Chen Guangcheng, who got crossways with Chinese authorities and took temporary asylum in the U.S. embassy.
So what does that have to do with farmland? Not much -- at least, not directly. Neither does North Korea’s recent missile test. Or the advance of the U.S. stock market. Or tensions in the Mideast.
April 20, 2012
April 10, 2012
I can’t tell you how many times I’ve seen an owner of farmland who’s ready to sell his land but can’t -- simply because he’s saddled with a long-term lease that makes it impossible to get what would otherwise be a fair market price.
March 26, 2012
When there’s a lot of demand for an asset -- like there is currently for farmland -- it’s easy to get the idea that selling it is a cinch. So it’s tempting for a seller to assume he can do it himself, or hire the lowest-cost broker around to handle the transaction.
March 19, 2012
Farmland prices in Iowa rose by an average of 23.7 percent in the last 12 months, and that’s what passes for a slowdown these days. (The numbers came from the semiannual survey by the Iowa Farm & Land Chapter of the Realtors Land Institute.)
March 14, 2012
The agriculture industry feeds not only our nation, but much of the rest of the world, at reasonable prices. Naturally, that requires a lot of natural resources, and the industry sometimes gets criticized by environmentalists. But an increasing number of farmers and related businesses are seeking ways to reduce their energy use and carbon footprint.
March 12, 2012
Dairy Today reports that Indiana is tightening manure regulations for dairy and beef cattle producers. Starting July 1, producers with 300 or more dairy or beef cattle will be required to have 180 days of manure storage -- a 50 percent increase from the current requirement of 120 days. Dairy Today also reported that Indiana will reduce the phosphorous limit over the next seven years.
February 27, 2012
February 23, 2012
Many folks consider gold a measuring stick for evaluating prices on farmland, and there's some reason for that. As pointed out by Landowner recently, gold historically has a strong 85% correlation to Illinois and farmland. In a recent update, the newsletter noted that despite the much-discussed rise in farmland prices, land remains a bargain relative to gold.
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%.
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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Murray Wise Associates LLC
1605 South State Street, Suite 110
Champaign, IL 61820
800.607.6888 (Toll free)
Real Estate and Farm Management
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