MWA: Murray Wise Associates

News & Insights

In Memory of Rick Baker

We remember with great fondness and admiration our longtime friend and Wise Ag Update editor, Rick Baker. Rick had an amazing way with words and we will miss his presence in the pages of our newsletter. More than anything though, we will miss his friendship. Our thoughts and prayers are with his wife Carol and [...]

As this is written, it is almost certain that the Fed will increase short term rates in 2017. In addition, rates have already been trending up slightly for the past few months.  Inflationary pressure is peeking around the corner in the form of higher wages (including the many minimum wage laws effective January 1, 2017) [...]

The situation sounds like the plot of some horror movie in which a small, nearly microscopic, parasite destroys civilization as we know it. Unfortunately, that is nearly the real world situation that has been facing Florida orange growers for the better part of a decade. The small creature that is indirectly creating the problem is [...]

The election ended with a surprising winner and in my judgement, is likely to lead to an administration long on more surprises. We really don’t know what the new administration’s policies affecting agriculture will be. We’ve been witness to a range of possibilities accompanied by predictions of great success or abysmal failure depending on the [...]

“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. “Productivity, proximity remain key in dynamic land market” Bill Tiedje, Iowa Farmer Today

By Joe Bubon 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, [...]

Auction manager Kenny Schum talks about upcoming opportunity to buy farmland and recreational ground in Gentry & Worth Counties, Missouri.  

By Joe Bubon President, Murray Wise Associates LLC 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 [...]

Neighborhoods Matter

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. In evaluating its potential, one of our [...]

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 [...]