Idaho has a new top ag commodity: beef cattle. Livestock sector gains led Idaho farmgate cash receipts to a second consecutive all-time high in 2025. Net farm income is forecast to see a small year-over-year increase, with livestock sector gains outweighing losses in the crop sector.

Cash receipts for livestock and crops in 2024 are estimated at $11.3 billion, a 4% increase over 2023. Cash receipts for milk, Idaho’s leading agricultural commodity, were estimated to be 11% higher than 2023. Those for potatoes, Idaho’s highest revenue crop, were estimated to be 6% lower than 2023.

Idaho farmgate cash receipts and net farm income held near highs in 2023. Price changes varied greatly across commodities, but improved yields kept overall cash receipts elevated.

Idaho farmgate cash receipts and net farm income reached record highs in 2022. High prices contributed to record receipts for all major crops and livestock groups.