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NEW MEXICO FACT SHEET
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Population
Per-capita income
Earnings per job
Poverty rate
Total number of jobs
Unemployment rate
Percent employment change
Farm & farm related jobs
Top export commodities
Farm characteristics
Farm financial indicators
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POPULATION, EMPLOYMENT, AND INCOME
State Metro Nonmetro
Population
1980 1,303,302 674,888 628,414
1990 1,515,069 841,684 673,385
Latest(1997) 1,729,751 983,373 746,378
Per-capita income (1996 dollars)
1995 18,682 21,410 15,119
1996 18,814 21,513 15,284
Change 0.7% 0.5% 1.1%
Earnings per job (1996 dollars)
1995 24,321 25,935 21,541
1996 24,307 25,859 21,617
Change -0.1% -0.3% 0.4%
Poverty rate
1980 17.6 14.7 21.1
1990 20.6 16.3 26.0
Latest(1995-96) 25.4 N/A N/A
Total Number of Jobs
1995 899,408 569,025 330,383
1996 907,098 575,211 331,887
Unemployment Rate
1996 8.1 6.0 11.2
1997 6.2 4.8 8.5
Percent employment change
1994-95 2.2 2.9 1.2
1995-96 -0.9 -0.8 -1.1
1996-97 4.5 4.3 4.9
Percent of 1995 employment in farm and farm related jobs:
Total 14.7 12.6 18.5
Production 2.7 1.1 5.4
Farm Inputs 0.1 0.1 0.2
Proc. & Mark. 0.8 0.7 1.0
Whol.& Retail 10.8 10.6 11.3
FARM CHARACTERISTICS
1992 Census of Agriculture
TOTAL LAND AREA (million acres) 77.7
TOTAL FARMLAND (million acres) 46.8
of total land area 60.3%
CROPLAND (million acres) 2.3
of total farmland 4.8%
irrigated 32.8%
in pasture 23.5%
in Fed. farm program 1.4%
in Conservation Reserve 15.2%
WOODLAND (million acres) 2.3
of total farmland 4.9%
in pasture 89.3%
PASTURELAND (million acres) 42.0
of total farmland 89.6%
OTHER LAND (million acres) 0.3
of total farmland 0.7%
AVERAGE FARM SIZE (acres) 3281.0
FARMS BY SIZE
1 to 99 acres 43.5%
100 to 499 acres 20.2%
500 to 999 acres 8.8%
1,000 to 1,999 acres 8.1%
2,000 or more acres 19.3%
FARMS BY SALES
Less than $50,000 80.6%
$50,000 to $99,999 6.8%
$100,000 to $499,999 9.7%
More than $500,000 3.0%
TENURE OF FARMERS
Full owner (farms) 8,383
Percent of total 58.7%
Part owner (farms) 4,389
Percent of total 30.7%
Tenant (farms) 1,507
Percent of total 10.6%
FARM ORGANIZATION
Individuals/family corporations (farms) 12,657
Percent of total 88.6%
Partnerships (farms) 1,276
Percent of total 8.9%
Non-family corporations (farms) 96
Percent of total 0.7%
Others (farms) 250
Percent of total 1.8%
Avg. Operator Age (yrs.) 55
Perc. w/ farming as their 52.8%
principal occupation
FARM FINANCIAL INDICATORS
Farm Income and Balance Sheet Statement
Year 1995 1996
Number of farms 13,500 13,500
Million $
Final crop output 493.0 531.2
+ Final animal output 972.8 1,182.7
+ Services and forestry 116.5 130.1
= Final agricultural sector output 1,582.2 1,844.0
- Intermediate consumption outlays 906.4 1,110.9
+ Net government transactions 28.1 30.7
= Gross value added 703.9 763.8
- Capital consumption 97.8 100.3
= NET VALUE ADDED 606.1 663.5
- Factor payments 299.3 300.2
Employee compensation (total hired labor) 147.9 145.9
Net rent received by nonoperator landlords 55.0 57.8
Real estate and nonreal estate interest 96.4 96.5
= NET FARM INCOME 306.8 363.4
Farm Balance Sheet as of December 31: 1995 1996
FARM ASSETS 12,390.4 13,210.7
Real estate 10,540.6 11,387.1
Nonreal estate 1,849.8 1,823.7
FARM DEBT 1,181.5 1,271.6
Real estate 643.6 692.6
Nonreal estate 537.9 579.0
EQUITY 11,209.0 11,939.1
RATIOS Percent
Debt/equity 10.5 10.7
Debt/assets 9.5 9.6
TOP 5 AGRICULTURE COMMODITIES, 1996
% of State Tot. % of US
Commodity Farm Receipts Tot.Val.
1. Cattle and calves 36.7 2.0
2. Dairy products 30.6 2.2
3. Hay 9.0 4.3
4. Peppers, chili 3.8 100.0
5. Onions 2.6 6.3
All Commodities 0.8
TOP 5 AGRICULTURE EXPORTS, ESTIMATES, FY 1997
Rank Among
States Value
Commodity
Million $
1. Feed grains and products 23 19.1
2. Live animals and meat exc. poultry 32 14.7
3. Cotton and linters 16 14.2
4. Vegetables and preps. 24 6.7
5. Tree nuts 6 4.9
Overall 41 69.6
TOP 5 COUNTIES IN AGRICULTURAL SALES 1992
Percent of State's
Total Receipts Million $
1. DONA ANA 15.9% 199.7
2. CHAVES 12.0% 151.0
3. CURRY 11.2% 140.5
4. UNION 8.7% 109.1
5. ROOSEVELT 7.6% 96.1
State Total 1,258.9
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