TABLE 1. Basic cost information for the Artesia-Lake Arthur
         area, 2001.
===============================================================
         Item
---------------------------------------------------------------
Labor Wage Rate:
    Equipment operators             $/hour               $7.30
    General & Irrigators            $/hour               $6.70
 
Purchased Inputs:
    Fertilizer:
         Nitrogen (N)               $/pound              $0.42
         Phosphate (P205)           $/pound              $0.39
 
    Seed:
         Alfalfa                    $/pound              $2.95
         Cotton
           picker                   $/pound              $0.56
           stripper                 $/pound              $0.51
         Barley                     $/pound              $0.25
         Oats                       $/pound              $0.23
         Red Chile                  $/pound             $21.00
    Wire:                           $/lb.                $0.36
 
    Natural gas                     $/MCF                $3.71
      (service charge)              $/month             $10.00
    Diesel fuel                     $/gallon             $1.40
    Gasoline                        $/gallon             $1.30
    Electricity                     cents/KwHr            6.84
    LP Gas                          $/gallon             $0.98
 
Employee Liability Insurance        $/$1000 wages        20.00
 
Employee Benefits                   percent/wages        18.00%
 
Labor Downtime                      percent              25.00%
 
Financial Rates:
  Operating Capital Interest Rate   percent               9.00%
  Land Interest Rate                percent               7.50%
  Equipment Interest Rate           percent               9.00%
  Real Interest Rate                percent               4.00%
 
Land Taxes                  $217.50 /acre (full value)   $1.56
 
Personal Property Tax Rate - NR     $/$1,000 (Assessed  $21.48
                           - R               Value)     $20.02
 
Supervision Factors
    Field Crop-Irrigation           $/labor hour         $1.00
    Field Crop-Equipment & General  $/labor hour         $0.50
    Vegetable Crop-Irrigation       $/labor hour         $2.90
    Vegetable Crop-Equip. & General $/labor hour         $1.00
 
Management Rate
    Field Crops                     percent/GR            7.00%
    Vegetable Crops                 percent/TOE          10.00%
---------------------------------------------------------------
 
 
TABLE 1a.  Overhead cost information for the Artesia-Lake Arthur area,
           2001.
========================================================================
         ITEM
------------------------------------------------------------------------
  Electricity (Domestic & Shop)               $205.00 per month  $2,160
  Telephone                                   $105.00 per month  $1,260
  Accounting & Legal                                             $1,440
  Misc. Supplies & Hand Tools                                    $1,350
  Pickup and Auto
         miles               20,000     @      $0.315 per mile   $6,300
  Insurance
    - general liability (non-employee)                           $1,610
    - fire/theft                                                 $1,440
  Property Taxes
    - non-planted land                                               $0
    - other than land & machinery                                $5,665
  Building repairs and maintenance                               $1,215
  Dues, fees, publications                                         $370
  Farmstead Equipment                                              $160
                                                               ---------
                                                      Total     $22,970
                                                               =========
                                    Total Per Planted Acre       $45.94
------------------------------------------------------------------------