2022 U.S. Cropland Values Hit Record $5,050 Per Acre, Up 14% from 2021

After hovering around $4,000 from 2014 through 2020, the value of U.S. cropland has jumped $1,000 per acre in two years alone. Here's a list of the states with the 10 highest cropland values as well as what's ahead for farmland values.

Have Land Values Peaked? Expert Sees Prices Steady With Record-Setting Sales in Iowa

In times of high commodity prices, it's not uncommon to see land values rise, but there have been some record-setting values and percentage increases this year. For example, Iowa land values have increased 21.4% to $9,400 per acre; South Dakota, up nearly 19%; and Minnesota, 17.4%.

Seal the Lease Deal: Financial Focus, Transparency Help to Expand Rented Acres

If you find yourself ready to bid on a significant number of acres, do your homework, analyze lease types and perfect your landlord communication plan.

4 Steps to Perfect Your Landlord Communication Strategy

As with any relationship, you must invest time and effort to build a rapport with your landlord. “Communication can make or break a relationship between a tenant and landowner,” says Karisha Devlin, University of Missouri field specialist.