Step 1: Understanding ferrate ion composition.
Ferrate ion is represented as \(FeO_4^{2-}\), where oxygen has a fixed oxidation state of \(-2\).
Step 2: Assigning oxidation numbers.
Let oxidation state of Fe be \(x\). Since there are four oxygen atoms:
\[
4 \times (-2) = -8
\]
Step 3: Writing total charge equation.
Overall charge of ion is \(-2\), so:
\[
x - 8 = -2
\]
Step 4: Solving for x.
\[
x = +6
\]
Step 5: Final interpretation.
Thus, iron exists in its highest oxidation state of +6 in ferrate ion.
Final Answer:
\[
\boxed{+6}
\]