News Highlights: Buy or sell agricultural land? Auction Technology Pioneer by Illinois Company provides flexibility and freedom to both 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 associates pioneered in the mid-1980s has become known for helping sellers and buyers get what they want from their auctions, changing the way many auctioneers do business.
Wise’s company, Murray Wise Associates LLC, based in Champaign, Illinois, is a leader in farmland auctions working with both individuals and institutions that buy and sell land. The company has used the multi-lot land auction method and technology to auction more than $ 762 million, or 437,000 acres, of farmland and farm-related real estate.
“We divide one property too much and let bidders put it back together in a way that makes sense to them,” said Wise. “The winning buyers pay for what they want, and the seller walks away with a satisfying sale.”
Here’s how it works: A seller’s land to be auctioned is …
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