1934 New Mexico Lobos football team

The 1934 New Mexico Lobos football team represented the University of New Mexico in the Border Conference (Border) during the 1934 college football season. In their first season under head coach Gwinn Henry, the Lobos compiled an 8–1 record (3–1 against Border opponents) and outscored all opponents by a total of 251 to 73. Guyton Hays was the team captain.