TABLE 4. Alfalfa establishment, sprinkler-irrigated, budgeted per acre costs and returns for a 320 acre farm with
         above average management, Roswell-Hagerman area, 2001.
              Planting dates: September 1 - September 31
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    SEED                      $2.95                30 LBS        $88.50                                       $88.50
    INSECTICIDE (CUSTOM)      $8.36                 1 ACRE        $8.36                                        $8.36
    PUMP WATER*                                    16 AC. IN.
                                                                 _______                                      _______
         SUBTOTAL                                                $96.86                                       $96.86
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR   & LUBE  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------   -----    -----   -------   -----    -----
    DISC                   145 HP                0.17  HR                  $1.28    $2.15    $1.38    $5.50   $10.32
    PLOW                   145 HP                0.48  HR                  $3.62    $6.07    $3.32   $12.23   $25.24
    DISC (2X)              145 HP                0.34  HR                  $2.57    $4.30    $2.76   $11.00   $20.63
    DRILL                  96 HP                 0.21  HR                  $1.59    $1.47    $0.92    $4.78    $8.75
    DITCHER (2X)           130 HP                0.10  HR                  $0.76    $1.02    $0.32    $3.03    $5.12
    IRRIGATE (2X)                                0.50  HR                  $3.23   $57.71    $2.35   $13.45   $76.73
                                                _________                 _______  _______  _______  _______  _______
         SUBTOTAL                                1.80  HR                 $13.04   $72.72   $11.04   $49.99  $146.79
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.33  HR                  $2.45                               $2.45
    EMPLOYEE BENEFITS                                                      $2.35                               $2.35
    INSURANCE                                                     $0.26                                        $0.26
    SUPERVISION AND MANAGEMENT                                            $18.16                              $18.16
                                                 _________       _______  _______                             _______
         SUBTOTAL                                0.33  HR         $0.26   $22.96                              $23.22
                                                 _________       _______  _______  _______  _______  _______  _______
TOTAL OPERATING EXPENSES                         2.13  HR        $97.12   $36.00   $72.72   $11.04   $49.99  $266.86
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