December 28, 2016
“If it’s any good, it’s gone pretty fast” - John Kirkpatrick recently spoke with Iowa Farmer Today about Iowa farmland; see what else he had to say about farmland values and rents in the article.
October 11, 2016
Now that the harvest is under way, there’s no avoiding the question of how lower corn and soybean prices will affect the viability of some farm operations. Most will probably be fine, but others are expected to start running short on cash, and a loss on this year’s crop won’t help. Meanwhile, we’re seeing signs that lenders are concerned about the cumulative impact of several rough years. Many lenders are taking steps to move quickly in the case of missed payments.
October 10, 2016
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.
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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Reality may hit for some farmers as grains go to market #Harvest16 http://www.murraywiseassociates.com/Blog/reality-may-hit-for-some-farmers-as-grains-go-to-market … pic.twitter.com/wbFnxP9xyS
The 2017 Murray Wise Associates Foundation Scholarship application is now open. Applications are due by March 15. http://bit.ly/2j1smv0 pic.twitter.com/N0xwotHVd2
See what John Kirkpatrick had to say about #Iowa #Farmland in this @iowafarmertoday article: http://www.iowafarmertoday.com/news/regional/productivity-proximity-remain-key-in-dynamic-land-market/article_0aea57d2-c6c3-11e6-8013-27f4e67a7e00.html#.WGQwpAoOaIQ.twitter …
AUCTION TOMORROW: 1,940 Acres in Gentry & Worth Counties, MO - prime farmland & fantastic recreational opportunities http://bit.ly/2fNeFhl pic.twitter.com/US1HVym5n0
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Real Estate and Farm Management
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