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Idaho agriculture posted record cash receipts in 2023; interest and input costs remain watch points, economist says
Summary
Extension economist Brett Wilder told the House Agriculture Affairs Committee Idaho reached an all‑time nominal high in agricultural cash receipts in 2023 but faces headwinds from high interest expenses and input costs; livestock and dairy drive the state’s farm economy and exports are concentrated to Canada, Mexico and Asia.
Brett Wilder, an extension economist with the University of Idaho based at the Caldwell Research and Extension Center, offered the committee an economic review of Idaho agriculture, highlighting record nominal cash receipts in 2023 alongside persistent cost pressures.
Wilder said Idaho farm cash receipts were about $11.3 billion in nominal terms in 2023 and that the livestock sector — led by milk and beef — accounted for roughly 62% of total cash receipts. He noted milk accounted for about $3.8 billion of receipts and cattle and calves for about $2.9 billion. Wilder said the state exports…
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