undefined Agriculture Overview

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Agriculture has been a staple of New Mexico’s economy and way of life from the beginning. Despite its arid climate, with the help of crop irrigation, New Mexico produces a diverse mix of commodities and has an agriculture industry valued at more than $2.5 billion. The top commodities in New Mexico are: Milk, Cattle, Fruits, Tree nuts, Berries, Grains, Oilseeds, Dry Beans and Dry Peas. More than 50% of the state’s total land area is farmland covering 40.6 million acres and there are a total of 25,044 farms with an average size of 1,624 acres, some of the largest in the country.

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Farmland Returns

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new mexico Farmland Returns

Over the last 20 years, new mexico farmland has offered average returns of 4.3%. At this rate, $10,000 invested in farmland in 2009 would now be worth over $52,800. Farmland returns are made up of two values, land appreciation, and capitalization rates of the property. Total farmland returns have been positive every year since 1990.

4.3%

Average Annual Returns

Cumulative Returns of Farmland

Source: NCREIF

Created with Highcharts 7.2.02009201020112012201320142015201620172019$0$4000$8000$12000$16000$20000Highcharts.com

4.3%

Standard Deviation of Returns

Year Over Year Change (%)

Source: NCREIF

Created with Highcharts 7.2.02009201020112012201320142015201620172019-16 %-8 %0 %8 %16 %24 %Highcharts.com

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