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
$3,829,383,000
Cash Receipts from Crops
$761,882,000
Cash Receipts from Animals
$3,067,500,000
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
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New Mexico Economic Contribution and Impact Research
In 2022, New Mexico generated around $3.8 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):
Contribution and Impact Research Documents:
The following are current and historical studies, fact sheets, and articles related to New Mexico’s food, fiber, and forest industries. These can be viewed and/or downloaded by clicking the images or links below:
*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.