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Idaho agriculture posts record cash receipts in 2024; livestock drives growth, economist says
Summary
University of Idaho extension economist Brett Wilder told the Senate Agricultural Affairs Committee that Idaho’s farm cash receipts are forecast to reach a record $11.3 billion in 2024, led by milk and cattle, and that factors including inflation, rising input costs and global herd contractions will shape 2025 outcomes.
Brett Wilder, an extension economist with the University of Idaho, told the Senate Agricultural Affairs Committee that the state’s farm cash receipts are forecast to set a record in 2024 at about $11.3 billion and that livestock — particularly milk and cattle — are the primary drivers of that growth.
Wilder summarized the 2024 outlook and the near-term outlook for 2025, presenting data on cash receipts, exports, inflation-adjusted trends and costs. He said milk accounted for roughly $3.8 billion of receipts and cattle and calves about $2.9 billion. Wilder also highlighted growth in food manufacturing…
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