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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.
5.7%
4.7%
127.7%
5.74%
Average Annual Returns
Cumulative Returns of Farmland
Source: NCREIF
Past performance does not guarantee future results and there is no guarantee this trend will continue. For illustrative purposes only and is not intended to represent the result of an actual investment. All investments involve risk, including the loss of principal. Click here for AcreTrader General Disclosures.
4.7%
Standard Deviation of Returns
Year Over Year Change (%)
Source: NCREIF
| Year | Total Return | Cumulative |
|---|---|---|
| 2008 | 6.8% | 6.8% |
| 2009 | 11.5% | 19.0% |
| 2010 | 1.2% | 20.4% |
| 2011 | 3.3% | 24.4% |
| 2012 | -6.2% | 16.7% |
| 2013 | 0.8% | 17.6% |
| 2014 | 7.7% | 26.7% |
| 2015 | 7.0% | 35.5% |
| 2016 | 7.9% | 46.3% |
| 2017 | 9.3% | 59.9% |
| 2019 | 3.3% | 65.2% |
| 2020 | 7.8% | 78.0% |
| 2021 | 8.2% | 92.6% |
| 2022 | 12.0% | 115.7% |
| 2023 | 5.5% | 127.7% |
