Development Land Farmland in New Mexico

Development Land farmland in New Mexico for a Over 1,000 Acres parcel costs approximately $2,657 per acre, with a total investment of $5,314,000. The estimated annual ROI is 39.5% with cash rent of $106 per acre.

New Mexico has 24,800 farms with an average size of 1,742 acres. Farmland prices average $620 per acre statewide, with 5.5% year-over-year appreciation. Cash receipts total $3.8B annually.

The estimated annual ROI is 39.5% for a Over 1,000 Acres parcel, generating $2,100,000 in annual income ($1,050 per acre). The 5-year appreciation estimate is 816.0%.