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Murray Wise Ag Notes.

In a Mixed Market, Location Matters

May 28, 2018

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Illinois Land Market Continues to Show Resilience

May 21, 2018

Prices for high quality Illinois land are generally holding firm, even rising in some areas of the state, while farm income has been going down.  This may seem counter-intuitive.  The more cash a property is generating from operations, the more someone should be willing to pay for it.  Conversely, the less cash a property generates from operations, the less someone should be willing to pay for it.  However, the pinch on operating income has not had a drastic effect on the value of high quality farmland.

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MWA Seeking Farmland Acquisitions

May 14, 2018

MWA is seeking to acquire high quality permanent crop properties in California, Oregon, Washington and other areas of the United States. We have the ability to creatively structure leaseback and/or partnership strategies with best in class owner/operators. MWA also has investors seeking sale/leasback opportunities on high quality land in the midwest.

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The California Central Valley “Snack Pack”

May 7, 2018

If you’re anything like us, as you’ve grown older, you’ve tried to eat a little healthier. You may have replaced some unhealthy snacks with nuts or a piece of fruit.

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Meeting with University of Illinois Global Education and Training Program Participants

May 2, 2018

Thank you to our friends at ICBC for visiting with us today and learning about our business.

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Congratulations Nick & Sunny Cummings!

April 30, 2018

Our friend and auction partner Nick Cummings, along with his wife Sunny, were recently named  “Outstanding Young Farmer” at the National Outstanding Young Farmer Congress in Sacramento, CA.

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For farmers, bankruptcy isn’t always the end – sometimes it’s a new beginning

April 25, 2018

As we turn the corner into spring and the winds pick up, I am reminded of our industry as a whole. Whether I’m walking to the car or sitting in the bleachers at my daughter’s softball games, the wind always seems to be howling in the direction I’m facing this time of year. For farmers, this is all too common a feeling right now as they face the headwinds of low commodity prices, increasing interest rates, rising labor costs, potential issues with water, and potential macro issues such as international trade.

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History of Institutional Farmland Investing

December 18, 2017

Congratulations to Murray Wise who was recently recognized and cited in a white paper titled “History of Institutional Farmland Investing” which traces the history of farmland investing from its origins as a “niche investment dominated by a few large pension plans and insurance companies” to its current status as “a mainstream institutional real asset class that increasingly can be accessed by retail-oriented investors”.

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Sustainable Groundwater Management Act

December 11, 2017

Major changes are in store for California farmers as a result of the state’s Sustainable Groundwater Management Act (SGMA). The 2014 act requires that groundwater sustainability plans (GSPs) be created by January of 2020 for 43 high priority basins and 84 medium priority basins in California, and that Groundwater Sustainability Agencies be established for those areas. During GSP development, SGMA prohibits groundwater users from increasing their water usage to expand appropriative rights.

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Slow Market, Higher-quality Land Maintain Value

December 4, 2017

The market for midwestern agricultural land this year has been extremely slow, probably the slowest I’ve seen in 30 years. Based on a relatively small number of transactions, I am seeing higher-quality land maintain its value, while lesser-quality ground has been seeing greater declines.

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About Murray Wise

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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