Unemployment and housing starts continue to limp along, but Idaho's agricultural economy is booming.
According to new numbers released today by the University of Idaho, Gem State farmers and ranchers posted record numbers in 2011, with a projected $7.4 billion in cash receipts. Net farm income in Idaho fared even better, increasing 88 percent compared to 2010.
The report, The Financial Condition of Idaho Agriculture: 2011 Projections, was released today from the U of I's College of Agricultural and Life Sciences economists.
Nearly every crop and livestock sector posted strong gains in 2011, most of them records, according to the report. The livestock industry yielded $4.06 billion in projected cash receipts, with dairy producers leading the way with $2.4 billion—a 28-percent jump from 2010. Among crops, potato sales led the way with $912 million—a 32-percent increase. Wheat followed with $766 million.