New Mexico

State Quick Facts

Population
2,096,829

Total State GDP
 $104,001,500,000

State Land Area (Acres)
77,630,720

Land in Forest
32%

Land in Farms
52%

Number of Farms
24,800

Average Farm Size (acres)
1,613

Farm Real Estate Value (per acre) 
$570

Agricultural Cash Receipts 
 $2,930,501,000

Cash Receipts from Crops 
 $708,176,000

Cash Receipts from Animals 
 $2,222,325,000

Top Ag. Commodities

Dairy Products, Milk
 $1,208,634,000

Cattle and Calves
 $919,041,000

Miscellaneous Crops
 $197,315,000

Pecans
 $173,090,000

Hay
 $119,802,000

Top Ag. Exports

Dairy Products
 $188,544,881

Tree Nuts
 $154,719,683

Beef and Veal
 $114,491,903

Other Plant Products
 $112,408,001

Cotton
 $43,416,673

New Mexico Economic Contribution and Impact Research

In 2018, New Mexico generated around $2.9 billion in agricultural cash receipts with the highest valued commodities being dairy products, specifically milk, cattle and calves, and miscellaneous crops. That same year, the value of New Mexico’s agricultural production and processing industries represented 2.4 percent of total state GDP. Some of the dollars generated by these industries end up being re-spent within the local economy, bringing additional value to the state through “multiplier effects.” Economic impact and contribution studies measure these effects, which can be broken down into direct, indirect, and induced economic effects.

Websites, reports, fact sheets, and articles related to the economic impacts and contributions of New Mexico’s food, fiber, and forest industries can be found below. 

Websites:

Information related to New Mexico’s food, fiber, and forest industries can be found by visiting the following website(s):

*As of 2018, no standard methodology exists for producing economic impact or economic contribution reports.  Please exercise caution when viewing and comparing reports as each may vary significantly in terms of source data and analysis and reporting methodology.