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Extension economist: Idaho farm cash receipts topped $11.3 billion nominally; dairy and livestock lead the sector
Summary
Extension economist Brett Wilder told lawmakers Idaho agriculture reached record nominal cash receipts in 2023, highlighted the dominance of milk and livestock, and flagged high interest expenses and export exposures as items to watch.
Brett Wilder, an extension economist based at the University of Idaho’s Caldwell Research and Extension Center, presented the committee with a statewide agricultural economic outlook, reporting nominal record cash receipts and outlining near‑term risks.
Wilder said Idaho is a relatively small state economy in absolute terms but agriculture remains a major sector. "We're looking at an all time high of $11,300,000,000 from Idaho agricultural production, farm gate prices received by producers," he told the committee. He said milk was the single largest commodity at about $3.8 billion and cattle and calves were about $2.9 billion…
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