Biggest customer in Idaho – AG INFORMATION NETWORK OF THE WEST

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Idaho’s biggest customer

Idaho set a record for the total value of agricultural exports last year according to one data set and the state is set to set another record this year, according to another data set.

According to data released by the USDA in late October, Idaho companies exported $ 2.32 billion worth of agricultural products to other countries last year, narrowly beating the previous record of $ 2.29 billion. of dollars established in 2013.

A separate set of data released in early November by the US Census Bureau showed that Idaho companies exported $ 778 million worth of agricultural products in the first nine months of 2021, an 11% increase from the same period in 2020.

That total of $ 778 million puts the state on track to set a record for agricultural exports this year, according to data from the US Census Bureau. The previous record of $ 1.02 billion was set in 2014.

Census Bureau data is released quarterly and is based on the state a product is exported to, so it does not capture all of Idaho’s agricultural product exports.

For example, it does not catch wheat from Idaho that is exported out of Portland. But it shows trends and, in percentage terms, closely matches USDA data released each year in the fall.

USDA data better captures the state’s agricultural exports, but it is not as timely as Census Bureau data.

Both sets of data show Idaho’s agricultural exports are up and in record territory.

“This is a very good sign” of the overall health of Idaho’s agricultural sector, said University of Idaho agricultural economist Garth Taylor.

Census Bureau data shows that the value of Idaho’s agricultural exports is up substantially this year in most of the state’s major markets.

“Severe drought in parts of South America and weather events in other parts of the world are impacting global supplies and creating export opportunities for Idaho producers,” said Doug. Robison, Idaho president for Northwest Farm Credit Services.

“Many commodities are more valuable than they were a year ago, contributing to the overall increase in Idaho’s export values,” he added.

This dataset shows that Idaho companies sold $ 253 million worth of agricultural products to Canada in the first nine months of 2021, which is a 30% increase from the same period in 2020.

Canada is by far the number one destination for Idaho’s agricultural exports.

“The combined factors of drought and supply chain issues are leading Canada to source more from the United States which is closer,” said Robison. “Canada has a large food processing sector that will seek to operate at full capacity despite weak production trends in Canada. “

The total value of Idaho’s agricultural exports to Mexico, the state’s second largest destination for agricultural products, stood at $ 161 million at the end of the third quarter, up 13% from to 2020.

The value of Idaho’s agricultural exports to China totaled $ 58 million, up 11%, and it totaled $ 43 million to the Netherlands, up 50%.

The value of Idaho’s agricultural exports through the third quarter of 2021 fell 23% in Japan ($ 37 million) and South Korea ($ 36 million) by 32%. These decreases could be in part related to disruptions at west coast ports.

According to Census Bureau data, dairy products remained Idaho’s primary agricultural commodity export this year, with state companies exporting $ 148 million worth of dairy products through the end of September, a 7% increase compared to the same period in 2020.

USDA data shows Idaho companies exported $ 474 million worth of dairy products in 2020, which was a record for this set of measures, eclipsing the previous record of $ 460 million set in 2014. .

USDA data shows that Idaho’s wheat exports totaled $ 392 million in 2020, Idaho’s processed vegetable exports totaled $ 264 million, and the state’s fresh vegetable exports. totaled $ 160 million.

Idaho’s beef and veal exports totaled $ 192 million in 2020, according to the USDA, while feed exports totaled $ 143 million.

Idaho’s plant product exports totaled $ 1.56 billion in 2020, while animal products exports totaled $ 754 million.

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