undefined Agriculture Overview

Explore undefined agriculture and learn what makes it unique.


new-mexico20 yearsall

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



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.


Average Annual Returns

Cumulative Returns of Farmland

Source: NCREIF

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


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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Additional Documents

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