SOURCE: Murray Wise Associates

Murray Wise Associates

November 16, 2010 13:06 ET

Murray Wise Associates' Challenge: Staffing for Ag Land Opportunities

CHAMPAIGN, IL--(Marketwire - November 16, 2010) - The strong demand for agricultural land has created unprecedented opportunities for auction and real estate professionals in the plains and mountain states, and Murray Wise is moving aggressively to meet the growing needs of those with land to sell. It's a new challenge that calls for a critical resource: people.

"Investment advisers nationwide are recommending farmland as an asset class because of its excellent long term returns. This has created a greater need for an efficient pricing mechanism to ensure that land changes hands at fair market values. The open competition of an auction accomplishes that, and this creates unique opportunities for those who auction agricultural land," said Wise, CEO of Murray Wise Associates LLC.

"In short, the timing couldn't be more perfect for us at this moment in the life of our business," he said.

His firm, previously known as Westchester Group and Westchester Auctions, recently sold a majority of its global investment division to Teachers Insurance and Annuity Associations and took on the new name of Murray Wise Associates. One change is an intensified focus on the firm's already successful business of selling agricultural land at auction and in private transactions.

"Right now, our biggest challenge is finding the right professionals to take advantage of this opportunity," said Ken Nofziger, president. "We are actively seeking to expand our team of real estate representatives in Wyoming, Montana, the Dakotas, Nebraska, Kansas, Colorado, Oklahoma, New Mexico, Texas and other western states. These professionals will identify and evaluate land for our auction and private treaty marketing programs, and their responsibilities will include the full range of activities leading up to an auction using our industry leading multi-parcel sales process."

Individuals seeking additional information about Murray Wise Associates may call Ken Nofziger at 800-607-6888 or 217-398-6400.

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