IDAHO WHEAT COMMISSION

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Idaho Net Farm Income for 2022 Set a Record, Eclipsed Initial Estimates

Idaho's net farm income in 2022 set a record and was substantially higher than university agricultural economists initially estimated because producers spent less on inputs. Cash receipts and net farm income hit record highs last year, as the University of Idaho economists predicted, according to data USDA released Aug. 31. “We underestimated net incomes quite a bit,” Brett Wilder, a UI agricultural economist in Caldwell, said in an interview.

Read more about Idaho's net farm income here