Economic Benefits

Feeding the economy

Agriculture represents well over $3 billion in revenue to New Mexico each year.

Farming and ranching are among the industries that provide the biggest economic benefits to the state. As agriculture grows, its positive contributions to the state’s economic health will increase.

Agriculture represents hundreds of millions in tax revenue to New Mexico, helping pay for schools, infrastructure, and public safety.

Farmers and ranchers pay property taxes on residential and agricultural lands, state and federal income taxes, livestock ownership taxes, self-employment taxes, fuel taxes, and state gross receipt taxes on consumptive goods. These tax payments fund the essential services we all depend on including schools, roads, and public safety.

Agriculture provides more than 250,000 jobs in New Mexico.