Great 2014

I had a very up-beat chat with University of Idaho Extension economist Garth Taylor: "Prices are up. It is largely on the back of our dairy prices. Record high for milk and beef and that is really against the national trend. It looks good for Idaho this past year. Going forward, we have problems. Milk prices can't stay up like this. Why? You can chat with Wilson Gray about what they are looking for in 2015 for milk prices. It is not the increases that we are looking at now. I have heard about people selling 400 pound calves for $1600. How does that sound? Brilliant as always. You started with something I didn't quite catch. You said something about cash receipts versus farm income. Farm income is your net. It is what farmers get. Cash receipts is just your gross. Farm gate cash receipts is just how much their milk check is and how much they sell their grain for and how much they sell their hate for. You would net out the cost of doing all of that and we move the socks off than this year in 2014. Exact numbers? The Dean will give that to the legislature but, wow, what a year.