This is a rare opportunity to own a farm in Caballo New Mexico that has water rights with a priority date of 1892! This property consists of 105+/- total acres, 47+/- acres farmland with water rights and 58.2+/- acres of desert land that has many possibilities. The Bonita ditch provides water directly from the Caballo Reservoir to irrigate this farmland. The land is currently leased and planted with row crops. This stunning farm has beautiful views of the Caballo Mountains and is conveniently located only a few minutes from the freeway exit. Please contact listing broker for additional information and to schedule an appointment.