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Idaho agricultural cash receipts reached record nominal high; dairy and cattle lead, extension economist says
Summary
University of Idaho extension economist Brett Wilder told the House Agricultural Affairs Committee that Idaho’s 2023 farm cash receipts reached about $11.3 billion nominally, with milk and cattle the biggest contributors, and highlighted rising interest costs and export values as key factors for producers in 2024–25.
Brett Wilder, an extension economist with the University of Idaho’s Caldwell Research and Extension Center, told the House Agricultural Affairs Committee that Idaho posted record nominal farm cash receipts in recent years and that livestock—particularly milk and cattle—drive much of the state’s agricultural economy.
Wilder said Idaho’s total agricultural cash receipts reached an estimated $11.3 billion (nominal) for 2023, with milk at about $3.8 billion and cattle and calves at roughly $2.9 billion. He noted those figures are nominal highs but that inflation‑adjusted receipts have not fully recovered to earlier peak purchasing‑power levels.
“In terms of cash receipts, we’re looking at an all‑time high of $11,300,000,000…
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