Popular QuestionsPopular Questions About New Mexico Crop Insurance

Who provides crop insurance?

Crop insurance has been supported and regulated by the federal government since 1938. The Risk Management Agency (RMA)—part of the U.S. Department of Agriculture—manages the Federal Crop Insurance Corporation (FCIC). 

Since its inception, the crop insurance program has undergone several changes in order to better serve and protect farmers. At one time, crop insurance was mandatory for agricultural landowners. While the mandate was repealed in 1996, farmers who do not have crop insurance are not eligible for other federal disaster benefits after an event like a hurricane or tornado. Crop insurance is, therefore, highly recommended.

Private insurance companies have been offering crop insurance products since 2000. These insurance companies must contract through the RMA in order to sell crop insurance to farmers. 

Local independent insurance agents can help you review your coverage options so you can compare quotes and policies that are available to you.

Why should I have New Mexico crop insurance?

There are more than 24,000 farms covering 43.2 million acres of land in the state of New Mexico. The combined market value of the agricultural products sold in this state exceeds $2.5 billion. 

New Mexico’s farmland is subject to destruction by forces like fire, hail, flooding, and tornadoes. If a wildfire decimates your crops or if a tornado flattens your fields, crop insurance can help you recover from your financial losses. 

What does New Mexico crop insurance cover?

There are three different types of coverage offered by crop insurance: crop-hail coverage, multiple peril crop coverage, and crop revenue coverage. You may elect to purchase any or all of these coverage types.

How much does New Mexico crop insurance cost?

New Mexico crop insurance premiums depend on several variables including the size of your farm, the types of crops you are insuring, the weather risks in your state, and the types of coverage you wish to buy.

How do I find the best crop insurance in New Mexico?

An independent agent can help you determine the types of crop insurance coverage that you need to protect your farm from devastating losses. Independent agents can work with multiple insurance companies, so you can get the best coverage for your unique needs and budget. 

There are currently 146 independent agents in New Mexico. Find an agent near you to learn more about finding the right crop insurance.

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InformationFInd the best insurance in your city

How does your city measure up?

  • Average farm size in New Mexico: 1,748 acres
  • Average crop value per farm in New Mexico: $103,157
CityCountyAverage Farm Size in County (Acres)Average Crop Value per farm in CountyTop Two Weather Risks
AlbuquerqueBenalillo349$18,023Wildfires and Floods
Las CrucesDona Ana302$160,729Floods and Severe Storms
Rio RanchoBenalillo349$18,023Wildfires and Floods
Santa FeSanta Fe1004$17,869Floods and Severe Storms
RoswellChaves4173$652,267Wildfires and Floods
FarmingtonSan Juan923$27,135Floods and Severe Storms
ClovisCurry1468$745,526Wildfires and Severe Storms
HobbsLea4309$410,708Wildfires and Severe Storms
AlamogordoOtero2518$6,584Wildfires and Floods
CarlsbadEddy2073$216,994Floods and Severe Storms
GallupMcKinley1316$3,652Floods and Severe Storms
TaosTaos319$8,560Floods and Severe Storms


Albuquerque, NM Crop Insurance Cost Factors

Local Crop Values

The average farm size in Benalillo County, NM is 349 acres. Farms in Albuquerque have an average annual crop value of $18,023. The value of your crops and the coverage you need for them are important factors in calculating your cost for crop insurance. In addition, you might pay more for coverage if your crops are more susceptible to the types of weather risks in your city. 

Weather Hazards in Your City

If your crops are more likely to be damaged by the frequent wildfires and flooding in Albuquerque, you might pay more for your New Mexico crop insurance. An independent agent can help you determine the type of coverage you need to protect against weather damage and other perils that you face. 

Las Cruces, NM Crop Insurance Cost Factors

Local Crop Values

Las Cruces is located in Dona Ana County, NM. Farms in this area average around 302 acres, with an average annual crop value of $160,729. The actual size of your farm and the value of your crops are the most important factors in how much you will pay for New Mexico crop insurance. 

Weather Hazards in Your City

Severe storms and floods can bring destruction to Las Cruces farmland. If you have a farm in this area, you must be prepared to experience occasional crop losses due to these kinds of events. You can protect your farm from financial losses with New Mexico crop insurance. But remember, if your crops are more susceptible to weather damage than others, you might have to pay more for your coverage. 

Rio Rancho, NM Crop Insurance Cost Factors

Local Crop Values

Rio Rancho is one of the fastest growing cities in New Mexico, but it still has abundant farmland. Farms in this area average around 349 acres and have an average annual crop value of $18,023. The cost of crop insurance for your farm and the type of coverage you need depends on the size of your farm and the type of crops you have. The weather risks in your area also impact the cost of crop insurance for your Rio Rancho farm.

Weather Hazards in Your City

Farmers in Rio Rancho may experience wildfires and floods that can destroy their crops without warning. Crops that are more susceptible to wind and rain damage need the right type of crop insurance coverage to make sure you can recover your financial losses.

Santa Fe, NM Crop Insurance Cost Factors

Local Crop Values

On average, farms in Santa Fe County are around 1,004 acres and grow crops with an annual market value of $17,869. Your farm may be larger or smaller, and the value of your crops may vary significantly from the average. The actual size and value of the crops on your farm determine how much you will pay for your New Mexico crop insurance coverage. 

Weather Hazards in Your City

Farmers in Santa Fe are at risk for crop damage from severe storms and flooding. Heavy rains and strong winds can be more destructive to some types of crops than others. That is why what you grow is just as important as how much you grow when evaluating how much you might pay for crop insurance. An independent agent can help you determine the types of coverage you need. 

Roswell, NM Crop Insurance Cost Factors

Local Crop Values

Roswell is a center for farming, dairying, and ranching in New Mexico. The average crop value for farms in Roswell is $652,267. In Chaves County, the average farm size is 4,173 acres. Roswell farm owners have a lot to consider when purchasing New Mexico crop insurance. The type of crops you grow and the value of your crops will dictate how much you pay for coverage, as well as the type of coverage you need to protect your farm business. 

Weather Hazards in Your City

Roswell is located in the High Plains of New Mexico. Farmers in Roswell can expect to experience four distinct seasons. Dangers to crops come in the form of torrential downpours, severe thunderstorms, tornadoes, and even scorching heat. Wildfires and flooding are not uncommon in Roswell. Any one of these weather hazards can devastate your crops. An independent insurance agent can help you assess your risks and find the coverage that offers the best protection. 

Farmington, NM Crop Insurance Cost Factors

Local Crop Values

Farmington is located in San Juan County. Farms in this county are, on average, around 923 acres with $27,123 in average annual crop value. The actual size and value of the crops on your farm will determine how much you will pay for crop insurance. The types of coverage you need might be different from the neighboring farm; if you need more coverage, your costs will be higher than others. 

Weather Hazards in Your City

Farmington landowners can expect to experience severe storms and even flooding. Farmers in this area need to be prepared for crop losses after these kinds of events. But crop insurance can be your first line of defense. If your crops are more susceptible to weather damage than others, you might have to pay more for your coverage. 

Clovis, NM Crop Insurance Cost Factors

Local Crop Values

The average farm size in Curry County, NM is 1,468 acres. Farms in Clovis have an average annual crop value of $745,526. While the value of your crops is important to your overall cost of crop insurance coverage, the types of crops that you grow and how susceptible they are to weather damage also contribute to your cost of crop insurance.

Weather Hazards in Your City

If your crops are more likely to be damaged by the frequent severe storms and wildfires in Clovis, you can expect to pay more for your New Mexico crop insurance. An independent agent can help you determine the type of coverage you need to protect against weather damage and other perils that you face. 

Hobbs, NM Crop Insurance Cost Factors

Local Crop Values

Hobbs is located in Lea County. Farms here average 4,309 acres and $410,708 in average annual crop value. The cost of crop insurance for your farm and the type of coverage you need is highly dependent on the size of your farm and the type of crops you have. The weather risks in your area also play a huge role in what you pay for New Mexico crop insurance. 

Weather Hazards in Your City

Hobbs farmers must be prepared for wildfires and severe storms that can devastate the crop yield. If you plant crops that are more susceptible to wind, hail, and rain, you need to the right type of crop insurance coverage to make sure you can recover from a major weather event. 

Alamogordo, NM Insurance Cost Factors

Local Crop Values

Alamogordo is located in the Tularosa Basin of the Chihuahuan Desert. The average farm size in Alamogordo is 2,518 acres, with a $6,584 average crop value. Individual farmers will pay varying prices for crop insurance, depending on the size of the farm, type of crops, and weather risks in their city. Some farms may need different types of coverage than others, which also has an impact on the cost. 

Weather Hazards in Your City

Alamogordo has a hot desert climate that features hot summers and mild winters. Most of the rainfall in the region comes during the monsoon season, during which half of the year’s rain falls in a few short months. Heavy rains can lead to flash flooding, while months of dry, hot weather can spark wildfires. Because of these weather extremes, farmers in this area must take these risks into account when deciding what kind of crop insurance coverage they need. They may also have higher premiums than average because of the potential risk for crop damage. 

Carlsbad, NM Crop Insurance Cost Factors

Local Crop Values

Carlsbad is located in New Mexico’s Eddy County in the southeastern part of the state. On average, farms in this region grow crops with an annual market value of $216,994 each year. The actual size and value of the crops on your farm will dictate the coverage you need and how much you will pay for crop insurance coverage. 

Weather Hazards in Your City

Carlsbad has a semi-arid climate with a moderate amount of rainfall each year. Farmers in Carlsbad are at risk for crop damage due to severe storms and resulting flash floods. Heavy rains and strong winds associated with severe storms can damage certain types of crops more than others. For this reason, what you grow is just as important as how much you grow when determining what you will pay for crop insurance.