The New Mexico State Land Office will decrease grazing fees for agricultural leases of state trust lands.
The office announced Tuesday that the 2019-20 grazing fee will be $5.56 per animal unit month (AUM), a decrease of 1.79 percent compared to the previous year.
The amount is determined annually using a formula that accounts for various factors such as private grazing land lease rates, beef cattle prices and the cost of livestock production. The formula has been used to determine rental rates for livestock grazing since 1988. This year’s calculation was verified by Nick Ashcroft, senior analyst at New Mexico State University’s Linebery Policy Center for Natural Resource Management.
The State Land Office leases about 8.8 million acres to ranchers and farmers in New Mexico for livestock grazing.