Agriculture is already one of our state’s largest industries, yet it’s still a growing part of the economy, according to the recently released New Mexico Agricultural Statistics Bulletin. The total value of agriculture sector production increased in 2017 to $3.38 billion, as the value of both crop and livestock production increased. The top three commodities for the state were milk, cattle/calves, and pecans.
The report is issued by the New Mexico Department of Agriculture and the U.S. Department of Agriculture and captures 2017 data based on survey forms completed by New Mexico’s farmers and ranchers.
According to the report:
“The number one cash commodity for the state was milk, followed by cattle and calves. Total crop cash receipts was $732 million. Pecan sales increased to $221 million in 2017 and ranked third overall behind milk and cattle. Onions were ranked as the fourth largest cash commodity in the state at $107 million. Hay came in as the fifth commodity, followed by cotton. Chile fell to the seventh spot. Poultry and eggs followed at eighth position, with corn at ninth. Wheat rounded out the top ten at just over $15.7 million.”
The overall production totaled $3.38 billion in 2017, a 5.3% increase from 2016. Crop production value increased 5.2% to $720 million while the value of livestock production (which includes dairy) increased to $2.33 billion.
New Mexico farmers and ranchers spent $1.84 billion on inputs, such as livestock feed, energy, equipment repair, and fertilizer. Of this, petroleum, fuel, and oil accounted for $105 million. This could have been higher, but energy production in our state is saving consumers money.
According to the Consumer Energy Alliance, affordable natural gas and oil in New Mexico are helping to keep energy prices down and saved our families and businesses (including farmers and ranchers) more than $3.4 billion from 2006 to 2016.
With more than 24,700 farms in New Mexico and 48,300 jobs in agriculture and related industries, agriculture is providing major economic opportunities for our state. By continuing to grow in agriculture, energy and all other sectors, we are creating a brighter future for our great state.