Mountain
New Mexico farmland value and cash rent on the Land Market Index
Chile, pecans, and alfalfa in irrigated valleys are a small share of New Mexico's ranchland acres. The pasture value describes much more of the state than the cropland value does.
New Mexico farm real estate averaged $735 per acre in 2026, below the U.S. figure of $4,500.
Excludes American Indian Reservation land.
2026 averages
- Farm real estate
- $735 / acre
- +1.4% from 2025
- Cropland
- $2,090 / acre
- +3.5% from 2025
- Pasture
- $650 / acre
- +3.2% from 2025
- Cropland cash rent
- $77.5 / acre
- +2.6% from 2025
- Pasture cash rent
- $4.2 / acre
- +2.4% from 2025
Dollars per acre. A state average is not the price of a specific farm.
Annual estimates
| Series | 2022 | 2023 | 2024 | 2025 | 2026 | 2025–2026 |
|---|---|---|---|---|---|---|
| Farm real estate | $658 | $671 | $700 | $725 | $735 | +1.4% |
| Cropland | $1,930 | $1,990 | $2,000 | $2,020 | $2,090 | +3.5% |
| Pasture | $518 | $539 | $600 | $630 | $650 | +3.2% |
| Cropland cash rent | $75 | $80 | $81.5 | $75.5 | $77.5 | +2.6% |
| Irrigated cropland cash rent | $151 | $155 | $149 | $152 | $159 | +4.6% |
| Non-irrigated cropland cash rent | $16 | $21 | $22 | $18.5 | $20.5 | +10.8% |
| Pasture cash rent | $3.3 | $3.6 | $3.7 | $4.1 | $4.2 | +2.4% |
What the rows mean
- Farm real estate
- Average value of all land and buildings used for agricultural production, including dwellings, if sold under current market conditions with a reasonable time on the market.
- Cropland
- Average value of land used for field crops, vegetables, or hay, including idle cropland and cropland in conservation programs. Land that alternates between crops and pasture is valued as cropland.
- Pasture
- Average value of land normally grazed by livestock. Animals do not have to be on the land during the survey year.
- Cropland cash rent
- Average cash rent for cropland. NASS measures this as rent expense in dollars per acre. Share rents are not included.
- Irrigated cropland cash rent
- Average cash rent for irrigated cropland, in dollars per acre.
- Non-irrigated cropland cash rent
- Average cash rent for non-irrigated cropland, in dollars per acre.
- Pasture cash rent
- Average cash rent for pastureland, in dollars per acre.
Counties
Nearby states
Have a photo of land in New Mexico? Read its location.
Sources
- Land Values 2026 Summary, USDA National Agricultural Statistics Service, released 2026-07-31. Text tables. ESMIS archive.
- Quick Stats cash rent expense, dollars per acre, USDA National Agricultural Statistics Service. Retrieved 2026-10-25.
State and U.S. survey estimates. Blank cells were not published. Year-over-year rent changes in this file are calculated from those estimates. Land-value changes are the percents printed in the summary. Rent changes are calculated from the published yearly estimates. U.S. government figures are public domain and were not adjusted. A blank or “withheld” cell was not published.