August 25, 2016
May 11, 2016
For more than a decade, we saw Midwest farmland prices rising steadily, year after year. Farmers and farmland investors saw their net worth increase dramatically, and many realized their long-term profits by selling into a rising market. Others held back. Now, after two or three years of flat to falling prices, they’re asking if it’s too late.
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.
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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Wise Ag Update: Des Moines Water Works, Interest Rates, & More. Click here to get a copy: http://www.murraywiseassociates.com/About-Us/Newsletter … pic.twitter.com/pxrx9VQG5k
AUCTION: 524 acres in Meigs Co, OH. Excellent Recreational Opportunities, Productive Farmland, Timber Production http://eepurl.com/cgolTH pic.twitter.com/waewCc28yZ
Listing: 9,000+ Head Dairy near Delta, Utah. 3 modern rotary dairies. SW of Salt Lake City http://eepurl.com/ceHTl5 pic.twitter.com/LaFSDPRlgE
Had a great time at the @IllinoisMBA tailgate Saturday. Thank you for the opportunity to connect with the bright students, faculty & alumni!
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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