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Extension economist: Idaho farm cash receipts hit record nominal levels in 2024; costs and interest remain headwinds
Summary
Extension economist Brett Wilder told the House Agricultural Affairs Committee that Idaho posted an all‑time nominal high for agricultural cash receipts in 2024, led by milk and cattle, but inflation‑adjusted returns and rising interest costs remain concerns
Brett Wilder, an extension economist based at the University of Idaho’s Caldwell Research and Extension Center, presented the committee with an economic outlook for Idaho agriculture on Feb. 24, highlighting record nominal cash receipts in 2024, the dominance of livestock receipts and ongoing cost pressures from interest and inputs.
Wilder said Idaho’s 2024 farm gate cash receipts were projected to reach about $11.3 billion in nominal terms, with milk accounting for about $3.8 billion and cattle and calves about $2.9 billion. “When we talk about what we export in ag commodities from the state of Idaho, about 30% is dairy products,” Wilder said, and he stressed that livestock—including…
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