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.
November 10, 2014
I had the privilege of speaking at length recently with Victoria G. Myers, Senior Editor of Progressive Farmer Magazine. Here's an out-take based on my comments, which appeared in the November edition. (Used by permission.)
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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Quit fretting over this year’s commodity prices. Its a great time to buy http://bit.ly/1PMhjAm
"Investors & farmers were successful buyers, showing a belief in the value of quality IL http://bit.ly/1MP8wry
SOLD! 556 Acres in Champaign County sold today at auction for $5.98M ($10,755) http://bit.ly/1SF9SIX pic.twitter.com/3hYFBB86MX
Updated: 142 Acre Farmland Auction, Iroquois County IL (Dec 2) http://tinyurl.com/pysf3xh @MWA_LLC
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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