logo
Betting the farm? New Mexico's aging producers prepare for the next generation

Betting the farm? New Mexico's aging producers prepare for the next generation

Yahoo07-07-2025
TALPA — Carlos Arguello says he's "trying to be the ancestor that the future needs."
At 69, Arguello, who grows corn, chile and other vegetables at El Tros Farm — a plot of about 10 acres near Talpa, a historic community southeast of Taos, where his family has lived and worked since the mid-1960s — is making preparations now to ensure he can pass the farm on to his grandchildren without burdening them with unwanted responsibilities.
He's nearly completed a succession plan that accomplishes the goal. He plans to use a limited liability company that combines the property's multiple income streams, ranging from garden and livestock revenue to on-farm rental properties, including an agritourism vacation rental.
The question on Arguello's mind: "How do I give them the opportunity to hold on to it over generations in a manner that doesn't become a financial burden on them and it doesn't fall into disrepair?"
Ag-age.png
Data from the U.S. Department of Agriculture's latest Census of Agriculture shows the average age of New Mexico farmers is nearly 61, two years older than the national average. It's one of a few workforce-related challenges facing the state's agricultural sector — including its crop of distinctive Hatch green chile — as farmers bemoan a shrinking local labor force and increasingly rely on foreign workers.
While some small farms, like Arguello's, have developed innovative ways to encourage the next generation to maintain farming and ranching traditions, others struggle to ensure the future of their enterprises.
Cultivating New Mexico's agricultural industry isn't just about continuing family traditions, said Manny Encinias, executive director of the Santa Fe Farmers Market Institute and a fifth-generation cattle rancher. It's about keeping people fed, particularly as data from the University of New Mexico's Geospatial and Population Studies shows many Northern New Mexico communities — including those in Santa Fe, Sandoval, Los Alamos and Taos counties — are expected to grow by 2040.
'The world population continues to grow. That, to me, is the biggest reason why we need more people in agriculture,' Encinias said.
070125_GC_TaosFarmers03rgb.jpg
Ari Thomas, 5, granddaughter of farmer Carlos Arguello, uses a pitchfork to move hay to feed the horses at her grandfather's farm near Talpa last week. Thomas, visiting her grandfather from Phoenix, visits a couple times a year and is learning the skills to maintain a farm.
Arguello, then, is looking to the future.
"We all talk about ancestors, and we think about the past, the past, the past," he said. "We learn from those lessons. We carry that tradition; we carry the querencia. But now, how do we pay it forward?"
Tough getting started
Marisol Olivas bucks the trend.
Born and raised in Belen, the 23-year-old said she fell in love with agriculture by participating in 4-H and raising livestock with her family. After graduating from New Mexico State University with a bachelor's degree in agricultural economics and business in 2024, she's pursuing a master's degree focused on agribusiness at the university, while serving as a student regent.
070125_GC_TaosFarmers04rgb.jpg
Carlos Arguello looks down at maturing green chile peppers while doing a walk last week through his farm near Talpa where he grows corn, chile and other vegetables.
There are still some young farmers out there "doing their part to feed the world," Olivas said.
However, she added, "When I look at it, when I see it, there's going to be risk in everything that you do. … Am I going to take that risk to remain in agriculture, and is it going to be financially viable for me?"
Agriculture can be a particularly risky — and tough to access — business, said Jay Lillywhite, associate dean of NMSU's College of Agricultural, Consumer, and Environmental Sciences and director of the Agricultural Experiment Station.
At least in part, farmers are getting older because everybody's getting older, Lillywhite said. New Mexico's population over 65 is growing rapidly as the baby boomer generation ages.
But there are also parts of agriculture that make it an especially tough industry for young people to break into.
It's a "capital-intensive business," Lillywhite said. Farmland can cost $40,000 to $50,000 per acre. A new tractor will run a few hundred thousand dollars, with specialty equipment — used for tasks like harvesting pecans — sold for high prices, too.
070125_GC_TaosFarmers05rgb.jpg
Robert Martinez Sr. breaks up pieces of hay to feed his bulls at his barn near Taos on June 19.
For a young person trying to get started in farming or ranching, Lillywhite said, those startup costs are "a big hurdle to try to get over."
Meanwhile, cash flow is often limited, he added. Farmers have to wait months for seeds and livestock to mature while paying for fertilizer, feed and, in some cases, pesticides.
On top of those financial challenges, there are the physical demands of farming and ranching: "It's outdoors. You're in the weather. You're dealing with all that, as well," Lillywhite said.
The results of those economic factors show up in the Department of Agriculture's latest census, which found just 2,666 of the more than 37,000 agricultural producers across New Mexico — a little over 7% — are 35 or younger.
Even among new and beginning producers, the census shows, the average age is nearly 50.
"There's the old adage that you either marry into it or you inherit it," Lillywhite said of farming and ranching. "There's probably some truth to that."
070125_GC_TaosFarmers06rgb.jpg
Carlos Arguello walks last week through his fields at El Tros Farm — a plot of about 10 acres near Talpa.
Thinning profit margins
As profits shrink, farmers and ranchers sometimes have to take on second jobs to make ends meet.
It's something Robert Martinez Jr. sees often: Ranchers and farmers in Taos, where his family has been ranching for generations, need day jobs to subsidize their agriculture work and afford Taos' high cost of living.
It's one of the reasons he thinks the younger generations are turning away from their parents' land.
When Martinez attends agricultural meetings in Taos, he's often the youngest in the room.
'And I'm 42 years old,' he said.
070125_GC_TaosFarmers02rgb.jpg
Robert Martinez Sr. looks out at his cattle grazing in the fields near his barn near Taos on June 19. Robert Martinez Sr.'s son Robert Martinez Jr. is picking up the reins and will start assuming more responsibilities at the families cattle ranch. "Our main focus now is, honestly, to break even," Martinez Jr. said. "Luckily enough, we have other livelihoods which can sustain families and those types of things." He said the family aims to "set up our children for — hopefully — doing the same thing."
Martinez has ranching in his blood, but he lives about two hours south of the family ranch.
He also has a full-time job at a company that manufactures medical research instruments. The company builds devices that can print the genetic material RNA with the goal of using individuals' own RNA in targeted medical treatments.
Whenever they can, he and his family head north to help with the cattle ranch.
"Our main focus now is, honestly, to break even," Martinez said. "Luckily enough, we have other livelihoods which can sustain families and those types of things." He said the family aims to "set up our children for — hopefully — doing the same thing."
His own father, Robert Martinez Sr., recently retired from a full-time job as an engineer at Los Alamos National Laboratory. But Martinez Jr. thinks his father is busier than ever.
The elder Martinez wants his grandsons to stay at the ranch for the summer.
"I truly believe you build men through hard work," Martinez Sr. said. "And ranching is perfect."
070125_GC_TaosFarmers08rgb.jpg
Carlos Arguello moves his horse back into a pen last week after having its hooves trimmed at El Tros Farm near Talpa.
He added, "I think my daughter and my daughter-in-law are a little fearful what I would do to them, which is work hard — and we would play hard, we'd all go fishing, which I don't have time for now."
And it is hard work, often with little financial reward.
The elder Martinez says with limited meatpacking options in the region, an increasing amount of the revenue ends up going to the packer rather than the rancher, and he has to book months in advance. To combat it, he's been trying to sell more meat directly to consumers, which he said can insulate the business from volatile market prices and raise the overall revenue.
But the whims of the market aren't the only challenge. He recalls periods of drought, which can and have pinched profits.
"We were selling cows at 25 cents on the dollar," Martinez Sr. said. "And we had to because of the drought."
But the rains always come, Martinez Sr. noted. He recalled his own father telling him, "Dios se tarda, pero nunca olvida — God might tarry, but he never forgets."
"Man, I'm still trying to please him," Martinez Sr. said.
070125_GC_TaosFarmers07rgb.jpg
Carlos Arguello takes a step last week over a acequia that he uses to irrigate his fields near Talpa.
Preparing for the transition
A universal truth has popped up in Olivas' research on agricultural succession planning: "When we're dealing with land and family and money, things can get very, very difficult," she said.
While big businesses often develop strategic plans for future transitions, that's not always the case for family farmers, said Chadelle "Chaddy" Robinson, an associate professor in the Agricultural Economics and Agricultural Business Department at NMSU.
Succession planning requires farmers and ranchers to ask tough questions, Robinson said: "At what point does a 60-something-year-old want to hand it off to their family or transition it to somebody else that wants to go into agriculture?"
The process can involve setting reasonable goals, gathering financial and other technical information, seeking help from accountants and attorneys, and having frank discussions with family members.
070125_GC_TaosFarmers10rgb.jpg
One of Robert Martinez Sr.'s new calves eats grass in his fields on June 19.
There is help available for farmers and ranchers looking to make succession plans. NMSU and its extension offices provide trainings and numerous online resources, including succession planning checklists, and dos and don'ts.
The New Mexico Farm and Ranch Management Program, also housed at NMSU, is working to develop a financial benchmarking program for agricultural producers, in addition to leading Annie's Project in New Mexico, a training program to support women farmers, said Frannie Miller, an assistant professor in the university's Agricultural Economics and Agricultural Business Department.
Olivas is working to improve resources in New Mexico for farm succession and transition planning.
She's been interviewing farm succession specialists in every state to learn the most effective ways to help farmers, such as putting on workshops, furnishing goal-setting and planning workbooks, or providing mediation to smooth out interpersonal challenges that can arise during the process.
That research, which will become the foundation for Olivas' master's thesis, will identity best practices to help New Mexico farmers prepare for the future.
Eventually, Robinson said, the hope is to secure legislative funding to hire succession specialists to put Olivas' findings into action across the state.
"The main generation has worked their whole life to build their business, to build their operation, and so getting them ready to transfer over that management to the next successor is a huge deal," Olivas said.
070125_GC_TaosFarmers11rgb.jpg
Ari Thomas, 5, climbs over a gate last week to partake in one of her favorite actives — climbing the hay bales — at her grandfather's farm, El Tros Farm, near Talpa.
Preserving 'sacred culture'
Arguello has put a lot of work into preparing El Tros Farm for the next generation. He's taken the workshops, attended the webinars and consulted with the accountants and lawyers — all while making plans to diversify the farm's revenue streams through rentals.
Arguello said he's also talked to his older set of grandchildren, ages 24, 21 and 16, about what he anticipates their roles on the farm will be. Well-versed in finance tracking, the eldest will serve as treasurer. The more mechanically minded middle grandchild will be in charge of farm equipment. The youngest, an animal lover, will manage the livestock.
With luck, the land could remain in the family for another century or more, Arguello said.
"It's my way of trying to preserve the ag culture, the sacred culture that's been here for generations," he said.
When his grandkids and other neighborhood children join in the acequia's limpia, Arguello makes a point to remind them of that history. Together, they clean out the ditch, which has been sustaining the farm with water from the Rio Chiquito since the late 1600s.
"How many people do you think were walking down this ditch bank carrying a shovel?" Arguello asks. "You're on top of a lot of footsteps."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IPO market heats up: These 4 names prepare to go public next
IPO market heats up: These 4 names prepare to go public next

Yahoo

time12 minutes ago

  • Yahoo

IPO market heats up: These 4 names prepare to go public next

EquityZen head of market insight Brianne Lynch joins Market Domination with Josh Lipton to discuss the initial public offering (IPO) market in light of Figma's (FIG) recent public debut and whether companies need to have an artificial intelligence (AI) story to succeed. She also shares which private companies are likely to go public next. To watch more expert insights and analysis on the latest market action, check out more Market Domination. Which are the possible candidates in your opinion, that would be on your radar, who might be willing to test the public markets this year? Sure. So, you know, several of the names on our IPO outlook for the year have already gone public. But there are a few that we're still waiting on. One of the big ones being Klarna. This is a company that was planning to go public in the spring, tabled those plans given the volatility in the market post deliberation day. Uh but they're reportedly now looking at a September IPO. So that'll be, um, the next of several Fintech IPOs we've seen. You had Circle, um, Chime, eToro. So certainly, uh, Fintech is an area where we're seeing more activity and given Klarna's brand recognition, um, and you know, value in the market, that's one we have our eyes on. Right now if you're going to go public, Brian, do you have to have an AI story? Do you have to be able to just sprinkle some of that AI magic on your S-1? Yeah. I would say at a minimum you have to try. And Figma, you know, that's something that played into their story as well. They had so many case studies of their large enterprise clients saving, you know, lots of time and money because of the AI tools that they've built into their products. So, I think that's a table stake for any company that is looking to go public. And that might be the best option for public market investors at the time because you have to remember a lot of these pure play AI companies are still very young in their life cycle. They're less likely to be going public in the next few years. So yes, that's bringing more investors into the private markets to invest. Uh but to kind of capitalize on that interest, public companies or contenders to go public will also need to have that as part of their story. Do you think there there are certain kinds of private companies, Brian, that would be more likely to receive a warm welcome to the public markets in in this environment against this backdrop? Sure. I mean, we've seen a few examples of what has worked. You know, I talked about a little bit about the need for growth, the need for profitability, but when we look at the companies that may be coming next or even the IPOs we've seen in the first half of the year, it hasn't been just one sector or one industry. You've seen Fintech, um, you've seen crypto, which is obviously growing a lot and given, you know, the regulatory tailwinds, uh, we expect that to continue to be a hot market. Um, but then, you know, Netskope, another name on our outlook, that's a cybersecurity company. Um, StubHub, another one. That's an e-commerce player. So, it's definitely not a, you know, one sector narrative that's driving the market. It's more are you growing? Are you profitable? Do you have the brand name? Um, and do you have a a story that's exciting to investors, uh, especially, uh, given the lack of public companies relative to private companies now. Related Videos Berkshire Hathaway earnings: 'Perfect' stock to own when 'worried' Tesla must pay $240M+ for deadly 2019 car crash: What to know Fed Governor Adriana Kugler to resign Dow falls more than 500 points on jobs report, tariffs Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Micah Parsons fallout: Jerry Jones' contract tactics with star players once again bites the Cowboys
Micah Parsons fallout: Jerry Jones' contract tactics with star players once again bites the Cowboys

Yahoo

time12 minutes ago

  • Yahoo

Micah Parsons fallout: Jerry Jones' contract tactics with star players once again bites the Cowboys

In recent years, when Dallas Cowboys ownership was trying to negotiate a contract extension with one of the team's star players, an agent in the middle of the process reached a boiling point. Talks were at a difficult standstill, team owner Jerry Jones and son Stephen were renewing efforts to engage the player in a private meeting, and the agent had enough. So they picked up a phone and delivered a message directly to the Joneses. 'Stop trying to talk to my player without me.' Inside the agent community, this has been a familiar story. For years, player representatives have complained behind the scenes about how the Cowboys continue to go about their business in high-stakes negotiations. In drawn out contact talks, the furor has often been a climbing scale, beginning with general annoyance, transitioning to heated or passive-aggressive exchanges. In the worst cases, it has resulted in breaking off talks for long periods of time. Often, the familiar decay in negotiations shared an underlying theme inside the agent community, with representatives alleging that Jerry Jones had a history of attempting to manipulate players into discounted deals. First by isolating them in a face-to-face meeting without an agent present — sometimes under the guise of discussing something other than contract talks — then by pouring honey into their ear about being a lifelong member of the Cowboys, staying part of the Dallas family and sacrificing a little financially to win Super Bowl immorality together. [Join or create a Yahoo Fantasy Football league for the 2025 NFL season] Sometimes, it was an alleged sideswipe tactic that remained tucked behind a curtain of secrecy, with both sides choosing to keep any rising animus private. Other times, it seeped out in telltale moments that are likely still fresh in the minds of Cowboys fans. Moments like quarterback Dak Prescott repeatedly and publicly putting his agent, Todd France, front and center as the conduit who would complete his last two drawn-out — and sometimes prickly — contract extensions. Or the representatives of former running back Zeke Elliott not only holding him out of training camp in 2019, but moving him to Cabo San Lucas, Mexico so he could train and more easily remain out of direct communications with the Jones family. Those were two of the higher profile instances of star Cowboys players trying to keep their contract negations in the hands of their agents in an effort to realize their full value as players. But there have been others, too. What there hasn't been up to this point, is a star player willing to step out and directly challenge the way Dallas and Jerry do business. That is, until Friday, when edge rusher Micah Parsons laid his lengthy concerns bare on social media, requesting a trade and stating that he no longer wanted to be a part of the Cowboys. Within it, there was one cutting line that has been a siren scream inside the player and agent ranks: 'I no longer want to be held to close door negotiations without my agent present.' That line was a reference to a March meeting between Parsons and Jerry Jones that ultimately left the Cowboys owner feeling as if he had directly negotiated a new extension with his pass rusher. Parsons then went on to spell out some previously untold aspects of that meeting. 'In March I met with Mr. Jones to talk about leadership,' Parsons wrote on social media. 'Somehow the conversation turned into him talk contract with me. Yes I engaged in a back and forth in regards to what I wanted from my contract, but at no point did I believe this was supposed to be a formal negotiation and I informed Mr. Jones afterward my agent would reach out thinking this would get things done. But when my agent reached out and spoke to [senior director of salary cap and player contracts Adam Prasifka] he was told the deal was pretty much already done. My agent of course told him that wasn't the case and also reached out to Stephen Jones. Again the team decided to go silent.' [Get more Cowboys news: Cowboys team feed] Parsons said it was at that point he and his agent, David Mulugheta of Athletes First, made the decision to let the Cowboys reach out when they were ready to do a deal. According to Parsons, 'Up to [Friday], the team has not had a single conversation with my agent about a contract.' For Cowboys fans and the franchise in general, the post by Parsons is an earthquake of significant magnitude. It's the first time a star player has been this expansive about a problem that agents and players have complained about for a while: A penchant to cut agents out of the process and try to cut deals directly with players using tactics or criteria that clearly are meant to create a negotiating advantage for the team. This despite Parsons saying on more than once occasion that he wanted Mulugheta to play a role in negotiating his extension. In the past, Dallas has honored those requests in the midst of bank-breaking talks with the likes of Prescott, Elliott, CeeDee Lamb and others. For reasons that only the Jones family can speak to, it appears they are refusing to honor it with Parsons. It's a reality that Jerry all but said directly in July, when he suggested that he had an agreement in place between himself and Parsons. 'I'm really not going to get into responding to what Micah said I said, or what [Micah] said he said, or what Mulugheta said, or what Stephen said,' Jerry insisted. 'I'm not getting into any of that at all. We're where we are. I sign the check. Period. … Micah, he's confident in himself, he should be, he's extraordinarily bright — I can't emphasize that enough. He's very capable of negotiating anything he wants to negotiate.' In the agent community, that smacks of a my-way-or-the-highway stance. And it's how you get to the point of pushing negotiations off the table completely — only to be replaced with a trade demand. Right now, it appears that's exactly what has transpired inside Dallas. But rather than the end of this story being a record-breaking deal that heals all wounds — as has been the case in so many other acidic contract talks for Jerry Jones and Dallas — it appears the only thing broken is the resolve of Micah Parsons to remain a Cowboy.

The 35% tariff kicked in today on Canadian goods. How big of an impact will it have?
The 35% tariff kicked in today on Canadian goods. How big of an impact will it have?

Yahoo

time12 minutes ago

  • Yahoo

The 35% tariff kicked in today on Canadian goods. How big of an impact will it have?

With the signing of an executive order, U.S. President Donald Trump upped Canada's tariff rate to 35 per cent, effective at 12:01 a.m. today. That's a 10 per cent increase on the 25 per cent rate that has been in effect on Canadian goods headed south of the border since March, and is a blanket tariff that will apply to Canadian products across the board. However, that doesn't paint the whole picture. A very small number of Canadian products will be subjected to the 35 per cent tariff. That's because the tariffs don't apply to all goods that are subject to the Canada-U.S.-Mexico Agreement (CUSMA), the existing free trade deal governing trade between the three countries. Those products can keep going across the border free of tariffs. Most of the goods Canada exports to the U.S. are covered by CUSMA. The Bank of Canada said in its monetary policy report released Wednesday that an estimated 95 per cent of stuff sent south of the border qualifies under that agreement. That means the new, higher 35 per cent rate will be felt by a small fraction of exports that are not CUSMA-compliant, which likely includes a broad array of products across all sectors, according to experts. "[CUSMA] is the one thing that is ensuring normalcy in trade flows in much of the economy," said Eric Miller, president and CEO of Rideau Potomac Strategy Group. "And so the maintenance of that exemption was absolutely crucial." WATCH | Trump increases tariff on Canada to 35%, White House says: There's no simple list of items that are CUSMA-compliant, because products are certified on a case-by-case basis, based on a number of complicated factors. In order to get the exemption, a certain amount of the product needs to be made in Canada, with Canadian inputs. Take the example of a steak versus that of a screwdriver. If a cow is born, raised, slaughtered and prepared in Alberta, then the steak — the end product — is clearly Canadian and would be shielded under CUSMA, says Miller. But a typical screwdriver is made of metal, along with plastic or rubber for the handle. The manufacturer would have to make sure that enough of the materials come from Canada, Mexico or the U.S. That amount is usually about 60 per cent, according to lawyer Daniel Kiselbach, a managing partner at Miller Thompson LLP. WATCH | What we know — and what's still unclear — after tariffs hiked on Canadian goods: Then, you have to make sure you're adding value to those parts and converting them to a finished product before shipping it out. In the case of the screwdriver, you're taking the raw materials and making them into a new, finished item, so that would meet the bar. Overall, anything harvested or mined is usually CUSMA-compliant, Kiselbach said. Anything manufactured or produced in Canada gets more complicated. Electronics and machinery, in particular, are product types that tend to have a harder time getting CUSMA certification. On top of that, the certification process can be challenging, requiring records showing where all a product's components come from, and it is costly. "[Businesses] don't necessarily understand what the rules are telling them," Miller said. "It's almost like cryptography or something." For that reason, Miller says some businesses have simply not acquired CUSMA certification in the past — something that's changing now that the rates are so much higher. WATCH | Is Canada-U.S. free trade dead?: While the fraction of companies that don't qualify for the free trade exemption might be small, Miller says the impact of the new rate should not be overlooked. Many of those who will be hit by the Saturday tariff increase will be small- to medium-sized businesses that rely on components that are made in countries outside of Canada — and can't easily replace them with materials sourced elsewhere. "If you are used to sourcing a particular input from China for the last 10 years, it's not so easy to go and say, 'Now I'm going to buy that good somewhere else,'" Miller said. "They can't easily change and they can't meet the rules, so they have to pay 35 per cent. And for them, going from 25 per cent to 35 per cent is pretty devastating," Miller. Kiselbach says 35 per cent tariffs might be higher than some companies' profit margins, meaning they'd be losing money on each item they sell at the current rate. Sectoral tariffs still in play The 35 per cent rate also has no bearing on the rates Trump has set for specific sectors. Those include a 50 per cent tariff on steel and aluminum, as well as 25 per cent on cars and auto parts, both of which had already been in effect. A new, 50 per cent tariff on some copper products, including copper pipes and wiring, also went into effect today. The Trump administration made carveouts for copper input materials such as ores, concentrates and cathodes, which is providing the industry some relief. And while the sector-specific rates are largely not new, the impact of these steep rates on important sectors cannot be ignored, said Alan Arcand, chief economist with the trade association Canadian Manufacturers and Exporters. "These are very important industries for Canada," Arcand said. "These are tariff rates that are just not … sustainable for these industries. So that's really the rub of the issue right now." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store