Idaho agriculture sees record growth in 2021 | Regional News | kpvi.com

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BOISE — Strong commodity prices and a booming dairy enterprise contrihowevered to a doc yr for Idaho agriculture producers in 2021.

Farm money receipts have been up 8% for the yr, to $8.8 billion. That included all-time income data for potatoes, beets, hay and cattle/calves gross sales, As properly as to a shut to-doc for milk.

“Idaho ag is huge, and it’s rising,” said College of Idaho economist Garth Taylor.

Taylor gave his annual “Monetary Situation of Idaho Agriculture” presentation to the Senate Agricultural Affairs Committee on Tuesday.

He famous that milk gross sales alone accounted for 35% of Idaho’s farm money receipts in 2021. Milk and livestock collectively accounted for Greater than half the state’s farm gross sales. When hay and completely different livestock feed crops are added in, he said, the dairy and livestock industries accounted for about three-quarters of the Idaho’s ag enterprise receipts.

General, Taylor said, agrienterprise — collectively with producers and processors — accounts for about 17% of statewide gross sales, 12% of jobs and 12.5% of Idaho’s gross home product.

That ranks fifth nationwide When it Includes agriculture as a proportion of statewide GDP, he said, behind South Dakota, North Dakota, Nebraska and Iowa.

California’s agriculture enterprise is The Most very important Inside the nation, Taylor said, however not as a proportion of state GDP.

The dairy enterprise is driving a lot of The enlargement in Idaho’s agricultural financial system, he said. Inflation-adsimplyed dairy receipts enhanced Greater than 200% from 1997 to 2020, As in contrast with 60% for Idaho agriculture as A complete.

Taylor famous that 20 dairy farms produce Greater than half the milk purchased in Idaho.

The dairy enterprise “Might be very concentrated,” he said. “It creates economies of scale. That’s what you’re seeing in A lot Of these statistics. It’s not teeny tiny little farms that create The huge wealth in agriculture. It’s simply not that method.”

Internet farm income in Idaho is up 150% since 1997, Taylor said, As in contrast with simply 20% for the U.S. as A complete.

However, inflation has been hitting the enterprise exhausting Prior to now yr, and that’s anticipated to proceed for A minimal of ancompletely different yr.

“I acquired doc hay prices this yr, however I additionally (paid) doc fertilizer prices,” said Senate Agricultural Affairs Chairman Van Burtenshaw, R-Terreton. “So By The objective we Look after funds, it’s like every completely different yr.”

Final week, the U.S. Division of Agriculture projected that U.S. farm money receipts would enhance 6.8% this yr, whereas net farm income drops 4.5%.

The good information for Idaho, Taylor said, is that the agency expects dairy income to be up 50%.

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