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: Dr. Emerson Nafziger: Nitrogen Fertilizer Rates for Corn

The Crop Science Podcast Show, Dr. Emerson Nafziger from the University of Illinois breaks down decades of nitrogen research. From the evolution of N rate guidelines to how soil health and hybrid genetics influence nitrogen use efficiency, this conversation unpacks the science behind smarter fertilization. Improving how we set nitrogen fertilizer rates for rainfed corn is a key focus. Discover why the MRTN model matters more than ever, and how shifting mindsets and better data can boost yields and environmental outcomes. Tune in now on all major platforms!

"The nitrogen that comes from soil mineralization is the first nitrogen the plant sees, and its role is underestimated."

Meet the guest:

Dr. Emerson Nafziger is Professor Emeritus of Crop Sciences at the University of Illinois at Urbana-Champaign, with degrees in agronomy from Ohio State, Purdue, and Illinois. His research has focused on nitrogen rate strategies and crop productivity. He co-developed the Maximum Return to Nitrogen (MRTN) model, which is widely used across the Midwest. His research spans N response trials, hybrid interactions, crop rotation effects, and yield stability.