MIMBRES VALLEY FARMERS ASSOC INC
NT 10-Q, 1996-11-15
VARIETY STORES
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                          UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549


                           Form 12b-25


                   NOTIFICATION OF LATE FILING

(Check One):   ( )Form 10-K and 10-KSB  ( )Form 20-F  ( )Form 11-K
               (x)Form 10-Q and 10-QSB  ( )Form N-SAR

               For Period Ended September 30, 1996.


If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:  Not
applicable.



                 PART I - REGISTRANT INFORMATION


            MIMBRES VALLEY FARMERS ASSOCIATION, INC.
                    (Full name of registrant)

        811 South Platinum, Deming, New Mexico      88030
             (Address of Principal Executive Office)

                             0-13963
                    (Commission File Number)



                PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed.  (Check box if
appropriate.)

               (a)  The reasons described in reasonable detail in
                    Part III of this form could not be eliminated
                    without unreasonable effort or expense;

               (b)  The subject annual report, semi-annual report,
                    transition report on Form 10-K, Form 20-F, 11-
     (x)            K, Form N-SAR, or portion thereof, will be
                    filed on or before the fifteenth calendar day
                    following the prescribed due date; or the
                    subject quarterly report or transition report
                    on Form 10-Q or Form 10-QSB, or portion
<PAGE>
                    thereof will be filed on or before the fifth
                    calendar day following the prescribed due
                    date; and

               (c)  The accountant's statement or other exhibit
                    required by Rule 12b-259(c) has been attached
                    if applicable.



                      PART III - NARRATIVE

State below in reasonable detail the reasons why the Form 10-K, 10-
KSB, 11-K, 10-Q, 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period.

     Registrant has recently hired an in-house accountant to
     improve internal financial administration, including
     filings under the 1934 Act.  The new hire started work at
     a particularly busy time, and was not able to adequately
     familiarize herself sufficiently with the financial
     status of the company in sufficient time to complete both
     the financial data required for the Form 10-QSB and to
     provide proper information necessary for the drafting of
     Management's Discussion and Analysis.



                   PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to
     this notification:  Alan Hall; (505) 247-2315.

(2)  Have all other periodic reports required under Section 13 or
     15(d) of the Securities Exchange Act of 1934 or Section 30 of
     the Investment Company Act of 1940 during the previous 12
     months (or for such shorter period that the registrant was
     required to file such reports) been filed?  If answer is no,
     identify report(s).

     (x) Yes  ( ) No

(3)  Is it anticipated that any significant change in results of
     operations from the corresponding period for the last fiscal
     year will be reflected by the earnings statements to be
     included in the subject report portion thereof?

     ( ) Yes (x) No

     If so, attach an explanation of the anticipated change, both
     narratively and quantitatively, and, if appropriate, state the
     reasons why a reasonable estimate of the results cannot be
     made.


<PAGE>
            MIMBRES VALLEY FARMERS ASSOCIATION, INC.
          (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.


Date:     November 14, 1996        By    James E. Keeler    
                                     James E. Keeler, President and
                                     Chairman of the Board



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