Iowa sets 2022 record farmland sale price

Mar 11, 2022

38 acres of land sells for US$23,000/acre.

A new 2022 record price for Iowa farmland was set on March 8, 2022 by the Whitaker Marketing Group.

The record-setter was for 38 acres of farmland sold in Sioux County as a single tract of land for US$23,000 per acre (~CDN$29,300) or $24,498.60 (~CDN$31,200) per tillable acre.

"There are a multitude of factors that impact farmland prices," said David Whitaker of Whitaker Marketing Group. "Competitive bidding and utilizing the auction method of marketing is the way to sell your farmland in this market."

He added that the market is still trending upward. "Markets are emotion, and the emotion is strong towards farmland."

There are 35.7 million acres of farmland in Iowa, and it is estimated that 10 percent of it changes hands each year.

Video: Veteran Farmers: A Legacy of Service in Rural America

Veterans Day is a time to honor the men and women who have selflessly protected our freedoms and values. And for some, the transition from military service to civilian life brings them back to the farm.

At Farm Bureau, we believe it’s important to not only celebrate veterans but also those who continue to make a difference in agriculture and their community. We've partnered with Farm Credit to establish the Veteran Farmer Award of Excellence to shine a light on those who have continued to go above and beyond to serve their communities.

This year, we recognize retired Colonel Joe Ricker as the inaugural Veteran Farmer Award of Excellence winner. Joe served over 30 years in the Army before retiring from the Pentagon and completing tours in both Iraq and Afghanistan. Since leaving the Army, his commitment to excellence in farming and enriching the lives of veterans has blossomed in a myriad of ways in both his local community of Wilkinson, Indiana, and across the country. Joe grows apples and raises bees on his farm in Indiana. Joe founded “Veterans IN Farming,” an organization, now with more than 1,100 members, dedicated to providing veterans in Indiana with the tools and training to succeed in agriculture.

The American Farm Bureau Federation is an independent, non-governmental, voluntary organization, comprised of and directed by farm and ranch families who engage in all types of food, fuel and fiber production.