MWA: Murray Wise Associates

News & Insights

Do Your Homework

It’s back-to-school season, and if there’s one lesson we can apply to farm and agribusiness transactions from the messages we tell our kids, it’s this: “Do your homework!” We’ve all heard horror stories of money pits – the acquisitions in which people overpaid and later discovered material issues. In many cases, those issues could have [...]

Author: Joe Bubon, President MWA I started working with Murray and investing in high-quality farmland in 1990. At that time, there were only three or four other firms providing opportunities to invest in farmland to a small number of pension funds and individual investors. Today, the number of firms offering those services has grown significantly. [...]

Murray Wise Associates LLC and Crosby & Associates, Inc. (“CAI”) served as transactional advisors to the Latt Maxcy Corporation in connection with the sale of the El Maximo Ranch in Osceola County, Florida. The 38,000+ acre ranch was sold to The Investment Corporation of Dubai in April 2018 for $136.5 million after an extensive national [...]

Contributed by Brooke Didier Starks Meyer Capel, A Professional Corporation, Champaign, Illinois 1. Be Practical. Farmers are rightfully proud of the legacies they’ve built and want to safeguard them for years to come. One hundred years from now, though, a farmer with three children could have as many as 120 descendants.  Plans that irrevocably lock [...]

Kenny Schum

Congratulations to our own Kenny Schum for his recent completion of the Accredited Land Consultant (ALC) program. This designation is granted by the RLI National Board of Directors to recognize the exceptional efforts of its designees. Kenny is also a graduate of the NAA Certified Auctioneers Institute (CAI), making him a land and auction expert. [...]

As this post is being prepared, the 2018 Murray Wise Associates Scholarship winners are being notified of their awards. The MWA Foundation provides scholarships annually to selected students, who have submitted impressive applications that are then voted on by the Foundation Board. Provided they remain in good academic standing in an agriculturally related field of [...]

A publication we have often mentioned is the Chicago Federal Reserve’s AgLetter. The Chicago Federal Reserve does a remarkable job of reaching out to lenders and monitoring credit conditions. In the most recent AgLetter, a quote from a lender stuck out to me: “Several area banks are putting pressure on producers with tight margins to [...]

The golden rule of real estate: location, location, location. Does it apply to farmland? Absolutely! As you would expect, there is a big difference in the value of two high-quality, productive grain farms if one is located in the Mississippi River delta and the other is in central Illinois. The differences are easy to spot [...]

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 [...]

Permanent Crop Properties 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. Contact Joe Bubon at 217-369-7463 for more information Row Crop Properties MWA also has investors [...]