Thursday, January 8, 2009

Legislative News

Idaho Economic Ag Forecast Down in 2009

Boise--Idaho lawmakers heard dire economic reports from experts on the eve of the 2009 legislative session. Economists say the state's agriculture industry is expecting a down year across the board and that includes the biggest commodity--dairy.

Garth Taylor, University of Idaho economist told lawmakers,"So goes dairy, so goes the rest of the state in ag. And dairy prices are not looking so cheery."

Economists in the briefing said that Idaho consumers are feeling a pinch in the pocketbook and theres been a weaker demand for wheat,beef, potatoes, and barley.

There was a ray of hope in the dark economic forecast because of the weak dollar worldwide state exports should surpass the $4.7 billion record set in 2007, according to Commerce director Don Dietrich.

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