TABLE 3. Equipment summary for a 50O acre sprinkler-irrigated farm with above average management, Artesia-Lake Arthur area,
         2000.
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         EQUIPMENT                                            VARIABLE COSTS                                 FIXED COSTS
---------------------------  ANNUAL                   ------------------------------------         ---------------------------
                             HOURS               TOTAL FUEL AND         FUEL,LUBE   REPAIR           DEPRE-              TOTAL
   ITEM & SIZE               OF USE NUMBER      VALUE LUBRICANT   REPAIR   PER HR   PER HR           CIATION    TAXES PER HOUR
------------------------------------------------------------------------------------------------------------------------------
 
 
TRACTOR 40 HP                    74        1     $750     $288      $15    $3.89    $0.21               $50       $9    $0.80
TRACTOR 65 HP                   245        1   $2,000   $1,552     $275    $6.32    $1.12              $138      $20    $0.64
TRACTOR 70 HP                   169        1   $5,365     $877     $155    $5.17    $0.92              $250      $27    $1.63
TRACTOR 96 HP                   356        1   $6,800   $2,686     $749    $7.54    $2.10              $343      $37    $1.07
TRACTOR 145 HP                  310        1  $26,620   $3,919   $1,025   $12.64    $3.31            $2,689     $144    $9.14
COTTON PICKER 4-ROW              61        1  $84,770     $514   $3,177    $8.47   $52.36            $9,350     $669  $165.12
COTTON STRIPPER MTD              37        1   $3,800              $119             $3.22              $767      $41   $21.90
SWATHER 16 FT                   177        1  $15,215     $927       $0    $5.24    $0.00            $2,750     $197   $16.66
BALE WAGON S.P.                 321        1  $17,200   $3,233   $7,159   $10.08   $22.32            $2,250     $161    $7.52
BALER PTO                       401        2   $9,440                $0             $0.00            $1,100      $79    $2.94
PLANTER 4-ROW                    37        1   $3,400              $200             $5.44              $680      $24   $19.14
CULTIVATOR 4-ROW                119        1   $1,500              $100             $0.84              $200      $11    $1.77
DISC 12 FT                      107        1   $2,250              $137             $1.28              $300      $16    $2.96
DRILL 12 FT                      27        1   $2,200               $86             $3.12              $440      $16   $16.63
PLANE 14 FT                      32        1   $2,750               $18             $0.55              $367      $20   $11.89
FLOAT 14 FT                      50        1     $600                $7             $0.14               $60       $3    $1.26
PLOW (MOLDBOARD) 4-16 IN        103        1   $4,000              $235             $2.28              $533      $29    $5.45
SHREDDER 4-ROW                   20        1   $2,500               $23             $1.15              $333      $18   $17.73
COTTON TRAILER                  127        5   $6,000               $30             $0.24              $800      $43    $6.66
RAKE 8 FT                        74        1   $3,400              $242             $3.26              $340      $24    $4.92
SLED                             21        1     $375                $6             $0.29               $50       $3    $2.48
NATURAL GAS BOOSTER PUMP      18553        3   $7,500  $10,117   $3,469    $0.55    $0.19            $1,000      $54    $0.06
SIDE-ROLL SPRINKLER           18553       13  $32,500              $872             $0.05            $4,333     $233    $0.25
NATURAL GAS WELL              18553       11 $121,000  $16,722   $3,711    $0.90    $0.20           $11,000     $866    $0.71
                                             ________   _______  _______                             _______   _____
                                             $361,935  $40,834  $21,811                             $40,123   $2,743
 
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