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Explore New Mexico agriculture and learn what makes it unique.
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.
$1,616/acre
1.8%
$1,810
Current Price Per Acre
Value per Acre
Source: USDA
1.8%
Average Land Appreciation
Year Over Year Change (%)
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $1,810 | 1.1% |
| 2022 | $1,790 | 7.8% |
| 2021 | $1,660 | 3.8% |
| 2020 | $1,600 | 3.2% |
| 2019 | $1,550 | -1.9% |
| 2018 | $1,580 | 1.3% |
| 2017 | $1,560 | 4.0% |
| 2016 | $1,500 | 1.4% |
| 2015 | $1,480 | 0.7% |
| 2014 | $1,470 | 1.4% |
| 2013 | $1,450 | -6.5% |
| 2012 | $1,550 | -10.9% |
| 2011 | $1,740 | -0.6% |
| 2010 | $1,750 | -1.7% |
| 2009 | $1,780 | 9.2% |
| 2008 | $1,630 | 3.8% |
| 2007 | $1,570 | 14.6% |
| 2006 | $1,370 | 20.2% |
| 2005 | $1,140 | 12.9% |
| 2004 | $1,010 | -31.3% |
| 2003 | $1,470 | 2.1% |
| 2002 | $1,440 | 1.4% |
| 2001 | $1,420 | 2.2% |
| 1999 | $1,390 | 0.7% |
| 1998 | $1,380 | 3.8% |
