jeff obreck knew of three serious bidders. >> so the race is on. simple. >> reporter: bidding was competitive, and the price quickly went north of $10,000 an acre. >> $10,600. >> reporter: the total sales price was more than $1.5 million. despite the chances at these riches, most farmers buy land for life and don't like to sell. state laws help keep speculators out of the market, and there are only so many acres of black gold in iowa. one more reason sky high prices probably won't see a sunset anytime soon. barry peterson, cbs news, iowa. >>> coming up on the "early" show, decision day in the high stakes iowa caucus. republicans cast their ballots in the party's first nominating contest. bob schieffer and norah o'donnell will host. also why the caucus is so important and how it works. all that and more on the "early show" this morning. i'm terrell brown. thank you and have a great day. [ beep ] i'm bored. [ beep ] i think i'll ride my bike. [ tv playing ] [ beep ] it may never be this easy to help your kids find balance, but you have more power tha