Rice Farmland in New Mexico

Rice farmland in New Mexico for a 640 - 1,000 Acres parcel costs approximately $1,543 per acre, with a total investment of $1,265,260. The estimated annual ROI is 20.4% with cash rent of $62 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 20.4% for a 640 - 1,000 Acres parcel, generating $258,300 in annual income ($315 per acre). The 5-year appreciation estimate is 474.0%.