Boom in Farmland Investment Increases Liquidity for Investors
(firmenpresse) - CHAMPAIGN, IL -- (Marketwire) -- 08/01/11 -- An overlooked result of today's vibrant farmland market is that the land now has more liquidity than ever, according to agricultural land expert Murray Wise. And that, he said, is enticing more owners to sell land they currently own and -- in some cases -- buy other farms to fine-tune their land portfolios for the long run.
"Farmland has always been a long-term investment, and it probably always will be. But because agricultural land has become an important component of many investment funds and individual portfolios, there is now a ready market made up of local farmers and outside investors alike," said Wise, president of LLC. "This makes it possible to diversify a farmland portfolio by region, crop, quality and other criteria."
And even though recent prices on agricultural land have raised some eyebrows, demand continues to strengthen. Investors and farmers frequently square off in Murray Wise auctions of agricultural land, especially when the land is offered in tracts.
"We're seeing this pull-and-tug between local farmers and investors more often than not in our auctions. We will take a larger property and offer it in relatively small tracts so that different types of bidders can compete on an equal footing. In many cases, you'll have a few investors bidding for the land as an entirety, or perhaps in a few large combinations of tracts. On the other side of the competition are farmers who seek an opportunity to add it to land they are already farming. Since their own operations have been very profitable for a number of years, farmers have a great deal of capacity to bid without having to borrow. All of this adds up to a marketplace in which there is a ready demand for agricultural land," said Wise.
It also adds up to a growing demand for auctions -- not only by farmers, but by investors, Wise said. In fact, Murray Wise Associates is gearing up for a series of September auctions in Indiana and Illinois for an institutional investor that is making adjustments to its agricultural land portfolio.
"We'll be selling at least 6,000 acres of agricultural land, starting on Sept. 6 with auctions in Indiana and Illinois for an investor who remains committed to agriculture but is taking advantage of the current market to make portfolio adjustments," said Wise. The Sept. 6 auctions will include approximately 2,040 acres of land in Illinois' LaSalle, Marshall and McLean counties.
Individuals seeking additional information about the upcoming auctions or about the company's operations may visit or call 800-607-6888. .
Murray Wise Associates LLC, headquartered in Champaign, Ill., is a leading national agricultural real estate marketing and auction company. The company also manages farmland assets for individual clients in Iowa, Kansas, Kentucky, Missouri, Minnesota, Nebraska, North Dakota, Oklahoma, South Dakota and Wisconsin.
For more information:
Carl Carter
205-823-3273
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Datum: 01.08.2011 - 19:40 Uhr
Sprache: Deutsch
News-ID 40394
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CHAMPAIGN, IL
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Farming
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