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New Mexico

State Quick Facts

Population
2,114,371

Total State GDP
$125,540,600,000

State Land Area (Acres)
77,630,720

Land in Forest (Acres)
24,591,240

Land in Forest
32%

Land in Farms (Acres)
39,100,000

Land in Farms
50%

Number of Farms
20,900

Average Farm Size (acres)
1,871

Farm Real Estate Value (per acre) 
$610

Agricultural Cash Receipts 
$3,724,442,000

Cash Receipts from Crops 
$756,083,000

Cash Receipts from Animals 
$2,968,359,000

Top Ag. Commodities

Dairy Products, Milk
  $1,724,956,000

Cattle and Calves
  $1,189,856,000

Miscellaneous Crops
  $161,215,000

Onions
  $157,912,000

Pecans
  $145,898,000

Top Ag. Exports

Dairy Products
  $278,296,943

Tree Nuts
  $195,624,657

Beef and Veal
  $156,655,115

Other Plant Products
  $91,612,969

Cotton
  $61,506,657

New Mexico Economic Contribution and Impact Research

In 2022, New Mexico generated around $3.7 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 2.5 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):

*At present, there is no universally agreed upon standard methodology 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.