Analyzing Idaho crop input costs and 2024 projections

Understanding what operating costs will look like in 2024 is crucial for farm businesses. This article provides a background discussion on categories of operating costs of the greatest importance for crops grown in Idaho and an assessment of the 2024 operating cost projections from the USDA Economic Research Service (ERS). The first part provides insights regarding the input prices that can have the greatest influence on a farm business’ profitability.

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