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Extension economist: Idaho agriculture hit record cash receipts in 2023 but faces cost and interest‑rate risks
Summary
Extension economist Brett Wilder told the House Agricultural Affairs Committee Idaho posted an all‑time high in farm cash receipts and substantial export value, but rising interest, feed and fuel costs and industry concentration create financial pressures for some producers.
Brett Wilder, an extension economist based at the University of Idaho Caldwell Research and Extension Center, presented an economic outlook that highlighted a nominal all‑time high in Idaho farm cash receipts and several risk factors for 2024–25.
"We're looking at an all time high of $11,300,000,000 from Idaho agricultural production," Wilder said, and he noted milk and cattle as major contributors. Wilder reported milk cash receipts of about $3.8 billion and cattle and calves at roughly $2.9 billion for the period cited. He added Idaho exported…
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