Idaho Cash Receipts Expected To Be Higher Than National Average
Total U.S. farm cash receipts are forecast to increase 24% in 2022 compared with 2021. But total farm production expenses are also expected to be way up this year compared with last year. Sean Ellis with the Idaho Farm Bureau Federation said the picture is a rosier in the Gem State.
“Idaho farm cash receipts are forecast to be up 29%.”
Ellis said Idaho’s numbers are going to be different from those nationwide.
“You know a lot of the other big farm states grow a lot of corn, cotton, and soybeans stuff like that. In Idaho, our main commodity is milk, and then cattle and calves, and the potatoes, hay, wheat, barley sugarbeets, dry beans, hops, on and on we go. We grow wide variety of crops here in Idaho.”
The USDA said most of the increase in farm cash receipts in 2022 was due to higher commodity prices.
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