IDAHO WHEAT COMMISSION

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Farmers Look Back on 2024, and Ahead to Next Year

U.S. farmers approach 2025 with cautious optimism, navigating challenges shaped by labor, trade, weather, and shifting market dynamics. Trade remains vital to agricultural success, and for Idaho commodities, protecting and expanding export markets is crucial amid ongoing uncertainties. Economic pressures are mounting, with rising production costs, escalating labor expenses, and declining farm incomes placing significant strain on farmers. According to University of Idaho Professor Xiaoli Etienne, fertilizer prices have stabilized, but global factors like China’s export restrictions continue to create market volatility. Meanwhile, relief from high fuel and equipment costs seems unlikely in the near future.