Share This: The Wisconsin Supreme Court (7-0) ruled that the circuit court did not err when it set an exercise price that was higher than an expert's appraised value. April 30, 2021 – A party with a right of first refusal on agricultural land argued that a competing buyer’s offer was purposely inflated to circumvent the party’s right of first refusal, and asked the circuit court to set a an “exercise price” at fair market value. Recently, in Country Visions Cooperative v. Archer-Daniels-Midland Company, 2021 WI 35 (April 21, 2021), the Wisconsin Supreme Court (7-0) ruled that the circuit court did not err when it set an exercise price that was higher than an expert’s appraised value.