March 22, 2016
I must have seen it a thousand times. A farm sells for a high price and the owner of a nearby farm perks up. His farm, after all, has similar soil types and on the surface looks almost identical. Can he get the same price?
Maybe, maybe not.
November 24, 2015
To read the headlines, you might get the idea that farmland prices are teetering on a ledge, poised for a big fall. The common script is that weak commodity prices will pull land prices down with them. So why did 160 acres of farmland in Champaign County, Illinois, sell on Nov. 18 for $13,156 per acre?
September 28, 2015
Most of our day-to-day conversation lately has addressed short term questions. How big will the harvest be? What does the future hold for commodity prices? What's the direction of land prices and rents? Those are natural questions, especially this time of year when the harvest is taking shape. But most of these are factors over which we have little control in the short term.
So let's talk about what we can control: Rent. Specifically, rental agreements based on commodity prices that no longer exist.
June 1, 2015
May 22, 2015
For several years now, everybody’s focus has been on farmland prices, and notably on the dramatic rise in prices per acre. But now, we’re seeing a shift to something even more basic: Farm profitability.
April 15, 2015
We were greatly saddened last week to learn that Terry G. Wilkey, of El Paso, had passed away at the age of 61. Terry was a very fine auctioneer who had on several occasions called sales for Murray Wise Associates.
April 14, 2015
After a decade of cheery headlines about roaring farmland prices, we now seem to have one report after another telling us land prices are falling and projecting more of the same. But how much?
February 26, 2015
One of the highlights of my career is my ability to help deserving young people pursue their education for careers in agriculture. Students and counselors will want to take note of the opportunities described below, and I hope you’ll also enjoy reading about some recent scholarship recipients.
January 27, 2015
People are constantly asking me whether it’s a good time to buy farmland. Others want to know if it’s a good time to sell. The answer is yes to both – depending on your needs and objectives, of course. I talk about why in these two short landcasts. Happy listening!
December 10, 2014
“What will my farm bring?”
That is one of the most difficult questions I hear from people who are trying to decide whether to offer their farmland at auction. Markets are constantly changing, and no two farms are exactly alike.
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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AUCTION: May 12 in NW Chicago Suburbs. 268,800 SF of Retail Space on over 30 Ac. http://bit.ly/1VFcI4c w/ @PWcrepic.twitter.com/1N4q7Rco2u
Sold 1,200+ acres of Illinois #farmland at #auction for over $13.4M in the last 7 days. For detailed results, visit http://bit.ly/1Rhyhbu
SOLD! 313 acres in Macon Co, IL sold for $3.1M #auctionpic.twitter.com/RpQzcIwRiL
Sold! 775 ac Sangamon Co #auction sold for $9.037M. Highest per ac of $13,879 on 107ac. Average per acre at $11,661pic.twitter.com/T9b0ts82tr
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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