Dairy overproduction triggers steep Idaho farm income drop in 2018

Idaho farm income plummeted for a second consecutive year in 2018, due largely to overproduction by the state’s dairy producers, according to a recent University of Idaho Extension economic report.

The report estimates the state’s total net farm income, representing earnings paid to farmers after subtracting their expenses, dropped 27 percent to $902 million in 2018. Farm cash receipts, estimated at $7.18 billion for the year, held relatively flat.