Idaho's net farm income will likely decrease next year, and producers “are going to see a little bit of a margin crunch,” a University of Idaho Extension farm business management specialist told a recent UI Ag Outlook forum. Inflation and higher interest rates remain concerns, as do consumer demand and geopolitical unrest, Brett Wilder said. Receipts on livestock will likely moderate, Wilder said, but ag exports continue to show strength. Idaho net farm income was about $2 billion in 2021, and reached a record high $4.2 billion in 2022 as commodity price increases outpaced gains in the cost of inputs