Pocatello, Idaho • Idaho farm income fell for a second straight year in 2018 largely due to overproduction by dairy farmers, according to a recent economic report.
The University of Idaho Extension report estimates total net farm income declined 27 percent to $902 million. Total net farm income represents earnings paid to farmers after subtracting expenses.
Farm cash receipts, estimated at about $7.2 billion, were relatively flat, the Idaho State Journal reported. Cash receipts relate to cash income the farm sector receives from commodity sales.
Extension agricultural economist and report co-author Ben Eborn said farm net income also declined about 27 percent in 2017 from the prior year.