ROSWELL, N.M. (AP) – New Mexico’s fee for using state trust land for grazing is going up by about 20 percent.
The Roswell Daily Record reports that state Land Commissioner Aubrey Dunn has set the per-animal per-month fee at $4.80 starting Oct. 1, up from $3.99.
Dunn said record-high cattle prices figured into the increase. The commissioner sets the rate by considering market conditions and using a formula determined by New Mexico State University.
The state’s fee increase will raise the total income to land trust beneficiaries to just over $8 million. There are 8.7 million acres included in the agricultural leasing program.
Trust land is used for the benefit of public schools, universities and other public institutions.