NEW MEXICO (KRQE) – A report published on Tuesday shows that New Mexico's agriculture industry is seeing some growth this year. According to data released by a coalition of over 30 food and agricultural organizations, $45 billion in economic impact has been generated by the state's industries. Feeding the Economy's report shows New Mexico's food and agriculture industries saw a 4.4% increase from 2024 to 2025 in terms of economic impact. As far as wages go, those industries have generated $12.9 billion in wages this year, which is a 9.3% increase from last year. Business taxes totaled in at $4.8 billion while exports came in at $301.8 million. Story continues below DWI Scandal: Another BCSO deputy placed on leave in connection to DWI dismissals Entertainment: Visit these 10 iconic film locations in New Mexico Events: What’s happening around New Mexico March 14-20 New Mexico Agriculture Secretary Jeff Witte says these industries are a vital part of the state's economy. “Our state’s food and agriculture industry is a thriving, integral component of the local economy, as this latest report shows increases in exports, wages, and overall economic impact of the ag industry,” said Witte. “When we sit down to eat a meal, it’s important to remember all the work it took to get that food from the farm to our plates.” Food and agriculture sectors have contributed $9.5 trillion to the U.S. economy in 2025. This ninth annual report by Feeding the Economy aims to "represent the contributions of a very broad combination of industries." The study uses the IMPLAN model of the United States economy, which "calculates direct, indirect, and induced impacts arising from a policy change or event." More information is available on the Feeding the Economy website. ...read more read less