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Extension economist reports Idaho agriculture at or near record cash receipts; warns of cost pressures
Summary
Brett Wilder, an extension economist, told the committee Idaho agriculture posted historically high nominal cash receipts in 2024 but faces increased input and interest costs that will affect producers differently across commodities.
Brett Wilder, an extension economist with the University of Idaho Cooperative Extension, presented the committee with an economic overview of Idaho agriculture, saying 2024 appears to be an all‑time high in nominal cash receipts but that inflation and higher interest and input costs complicate producers’ real returns.
Wilder said Idaho’s farm‑gate cash receipts were forecast near $11.3 billion (nominal) for the year and that livestock accounts for the majority of receipts. He cited milk as the largest single commodity (about $3.8 billion) and cattle and calves…
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