Advertisement

Number of cattle down, but value of NM farmland up

Created: 09/05/2014 11:46 AM
By: APNewsNow, Associated Press

ALBUQUERQUE, N.M. (AP) - There may be fewer cattle in New Mexico than a few years ago, but federal agriculture statistics show farmland values in the state are on the rise.

The U.S. Department of Agriculture's statistics service says the average real estate value of farmland in New Mexico is $540 an acre. That's an increase of 8 percent over the previous year.

The average values of irrigated cropland and pasture land were also up.

The figures released this week also show New Mexico remains in the top 10 when it comes to overall milk production.

Between 2008 and 2012, New Mexico produced an average of nearly 8 million pounds of milk a year. The state also led in milk production per cow with more than 24,000 pounds between 2009 and 2012.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


KOB welcomes a lively and courteous discussion as long as you follow the rules of conduct set forth in our Terms of Use. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use.

Advertisement



Join Our Email List

Advertisement