Buy or sell farmland? Auction Technology Pioneer by Illinois Company Offers Flexibility and Freedom to Land Buyers and Sellers

Buy or sell farmland?  Auction Technology Pioneer by Illinois Company Offers Flexibility and Freedom to Land Buyers and Sellers

CHAMPAIGN, Ill., Jan. 14, 2021 / PRNewswire / – For nearly 40 years, Murray Wise has been a household name for those familiar with farmland auctions. The land auction method and technology that he and several collaborators pioneered in the mid-1980s have become well known for helping sellers and buyers get what they want from their auctions, changing the way which many auctioneers do business.

Wise’s company, Murray Wise Associates LLC, based in Champaign, Ill., Is a leading farmland auctioneer, working with individuals and institutions that buy and sell land. The company used the multi-plot land auction method and technology to auction more than $ 762 million, or 437,000 acres, of farmland and farm property.

“We over-divide a property and let bidders replenish it in a way that works for them,” Wise said. “Winning buyers pay what they want, and the seller comes away with a satisfactory sale.”

Here’s how it works: a seller’s land being auctioned is …

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