UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 12b-25
NOTIFICATION OF LATE FILING
(Check One): (x)Form 10-K and 10-KSB ( )Form 20-F ( )Form 11-K
( )Form 10-Q and 10-QSB ( )Form N-SAR
For Fiscal Year Ended June 30, 1997
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
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 had a recent change in key management
personnel, who have been required to give significant
attention to cost-reduction measures to reverse the
registrant's current operating loss. The time and effort
required for these purposes have prevented timely
completion of internal accounting procedures that are
necessary for preparation of the registrant's Form 10-
KSB. Registrant believes that these circumstances will
be remediated shortly, and will not reoccur.
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?
(x) Yes ( ) 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.
The Form 10-K for the fiscal year ended June 30, 1996
showed an operating loss of $418,000, and a net loss of
$198,000. It is anticipated that the operating loss for
the fiscal year ended June 30, 1997 will be approximately
$1,062,000, and that the net loss will be approximately
$589,000.
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: September 29, 1997 By /s/ Garry S. Carter
Garry S. Carter
General Manager
