Explore undefined agriculture and learn what makes it unique.
Idaho is famous for Potato production but produces a wide variety of crops and animals across its diverse landscape. Idaho produced and sold over $7.5 billion in agricultural products in 2017, making it one of the top industries in the state. While Idaho accounts for over 24% of Potatoes sold in the U.S., this only makes up 12% of the state’s total commodity sales. Idaho is also a major producer of Cattle as well as specialty products such as food-sized trout, cheese, and alfalfa hay for which they rank top 5 in the nation.
Over the last 20 years, farmland rental rates per acre in the idaho have risen from an average of $98 per acre in 1999 to $159 per acre in 2019. This represents an increase of $61 over this time period with an average implied capitalization rate of 5%.
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