TABLE 4. Alfalfa establishment, flood-irrigated, budgeted per acre costs and returns for a 640 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)     $12.75                 1  ACRE      $12.75                                       $12.75
    PUMP WATER*                                    16 AC. IN.
                                                                 _______                                      _______
         SUBTOTAL                                               $101.25                                      $101.25
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR   & LUBE  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------   -----    -----   -------   -----    -----
    DISC                   145 HP                0.17  HR                  $1.28    $4.30    $1.22    $2.73    $9.52
    PLOW                   145 HP                0.48  HR                  $3.62    $6.07    $2.93    $6.05   $18.68
    DISC (2X)              145 HP                0.34  HR                  $2.57    $4.30    $2.43    $5.45   $14.75
    PLANE (2X)             130 HP                0.48  HR                  $3.62    $4.90    $3.06    $8.41   $19.99
    DRILL                  96 HP                 0.21  HR                  $1.59    $1.47    $1.22    $2.43    $6.70
    DITCHER (2X)           130 HP                0.10  HR                  $0.76    $1.02    $0.62    $1.08    $3.47
    IRRIGATE (2X)                                1.00  HR                  $6.45   $22.34    $1.65    $7.38   $37.82
                                                _________                 _______  _______  _______  _______  _______
         SUBTOTAL                                2.78  HR                 $19.89   $44.40   $13.13   $33.52  $110.94
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.45  HR                  $3.36                               $3.36
    EMPLOYEE BENEFITS                                                      $3.58                               $3.58
    INSURANCE                                                     $0.40                                        $0.40
    SUPERVISION AND MANAGEMENT                                            $16.69                              $16.69
                                                 _________       _______  _______                             _______
         SUBTOTAL                                0.45  HR         $0.40   $23.63                              $24.03
                                                 _________       _______  _______  _______  _______  _______  _______
TOTAL OPERATING EXPENSES                         3.23  HR       $101.65   $43.52   $44.40   $13.13   $33.52  $236.22
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