BUDGET AREA.......     ARTESIA-LAKE ARTHUR AREA, 2001.
FARM SIZE.........     500 ACRES
IRRIGATION TYPE...     SPRINKLER
NUMBER OF CROPS...     6
========================================================================
                                                   WATER USE
                                             ---------------------
                             LAND USE          AC.IN.    TOTAL
ACREAGE SUMMARY:             (ACRES)           PER AC.   AC.IN.
------------------------------------------------------------------------
ALFALFA ESTABLISHMENT         57.00                42    2,394
ALFALFA                      285.00                48   13,680
BARLEY                         8.50                28      238
  ARP                          0.00
  FLEX IN PICKER COTTON        1.50                28       42
OAT HAY                        8.00                28      224
PICKER COTTON                 59.50                28    1,666
  ARP                          0.00
  FLEX IN PICKER COTTON       10.50                28      294
STRIPPER COTTON               59.50                28    1,666
  ARP                          0.00
  FLEX IN PICKER COTTON       10.50                28      294
                             ------                      ------
                  TOTAL      500.00                     20,498
 
         ACRE FEE PER ACRE OF WATER RIGHTS                3.42
------------------------------------------------------------------------