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Idaho posts record farm cash receipts in 2024, economist says; livestock drives growth
Summary
Brett Wilder, extension economist at the University of Idaho, told the Senate Agricultural Affairs Committee that Idaho is forecasting a new all‑time high in farm cash receipts for 2024 and highlighted livestock (milk, cattle) as major drivers amid inflationary pressures and a contracting cattle herd.
Brett Wilder, an extension economist with the University of Idaho, told the Senate Agricultural Affairs Committee that Idaho is forecasting a record $11.3 billion in farm cash receipts for 2024, with milk and cattle among the largest contributors and livestock accounting for roughly 62% of cash receipts.
“When we talk about cash receipts and where we landed at the end of 2024 we’re forecasting a new all time high at $11,300,000,000,” Wilder said during his presentation. He told members that milk receipts were forecast near $3.8 billion and…
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