TABLE 1. Basic cost information for the Roswell-Hagerman area,
         Chaves County, 2001.
===============================================================
         Item
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Labor Wage Rate:
    Equipment operators             $/hour               $7.55
    General & Irrigators            $/hour               $6.45
 
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
         Oat Hay                    $/pound              $0.23
         Corn                       $/bag               $78.50
 
    Plastic Twine:                  $/box               $19.15
 
    Natural gas                     $/MCF                $3.71
    Diesel fuel                     $/gallon             $1.40
    Gasoline                        $/gallon             $1.30
    Electricity                     cents/KwHr            6.67
    LP Gas                          $/gallon             $0.98
 
Employee Liability Insurance        $/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                  $185.00 /acre (full value)   $1.56
 
Personal Property Tax Rate - NR     $/$1,000 (Assessed  $25.34
                           - R               Value)     $24.38
 
Supervision Factors
    Field Crop-Irrigation           $/labor hour         $1.00
    Field Crop-Equipment & General  $/labor hour         $0.50
 
Management Rate                     percent               7.00%
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TABLE 1a.  Overhead cost information for Roswell-Hagerman area,
           Chaves County, 2001.
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         ITEM
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  Electricity (Domestic & Shop)               $200.00 per month  $2,400
  Telephone                                   $100.00 per month  $1,200
  Accounting & Legal                                             $1,445
  Misc. Supplies & Hand Tools                                    $2,185
  Pickup and Auto
         miles      20,000     @      $0.325 per mile            $6,500
  Insurance
    - general liability (non-employee)                           $1,565
    - fire/theft                                                 $1,240
  Property Taxes
    - non-planted land                                              $17
    - other than land & machinery                                  $565
  Building repairs and maintenance                               $1,190
  Dues, fees, publications                                         $360
  Farmstead Equipment                                              $155
                                                               ---------
                                                      Total     $18,822
                                                               =========
                                    Total Per Planted Acre       $60.72
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