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Idaho ag economist forecasts record cash receipts for 2024; milk and cattle lead growth
Summary
University of Idaho extension economist Brett Wilder told the committee he forecasts a new all‑time high of $11.3 billion in farm cash receipts for 2024, with milk and cattle the largest contributors, and warned that input costs and interest expenses remain pressure points for producers.
Brett Wilder, an extension economist with the University of Idaho, presented the committee with the college’s annual statewide agricultural economic outlook, forecasting a new all‑time high of $11.3 billion in farm cash receipts for 2024, driven by milk and cattle. Wilder described livestock as about 62% of cash receipts and said milk alone accounted for roughly $3.8 billion of the total in the projection.
Wilder noted the role of exports and trade: Idaho’s ag exports are concentrated in dairy products, potatoes and wheat, and about half of Idaho’s agricultural exports go to Canada…
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