- Associated Press - Wednesday, March 4, 2015

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 (https://goo.gl/f8tsUj ) 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.

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