TABLE 3. Equipment summary for a 640 acre flood-irrigated farm with above average management,
         Roswell-Hagerman 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 96 HP                   380        1   $6,800   $2,661     $798    $7.00    $2.10              $258      $44    $0.79
TRACTOR 130 HP                  315        1  $13,270   $3,211   $1,865   $10.21    $5.93            $1,453     $184    $5.21
TRACTOR 145 HP                  345        1  $26,620   $4,368   $1,337   $12.64    $3.87            $2,689     $170    $8.28
COTTON PICKER 2-ROW              63        1  $14,570     $535   $1,979    $8.47   $31.29            $5,960     $378  $100.21
COTTON STRIPPER MTD              63        1   $3,100              $269             $4.26              $767      $49   $12.89
SWATHER 16 FT                   179        1  $15,215     $938       $0    $5.24    $0.00            $2,750     $232   $16.67
BALER 1-TON                     109        1  $59,280            $1,621            $14.82            $5,812     $368   $56.51
PLANTER 4-ROW                    42        1   $3,400              $246             $5.85              $680      $29   $16.83
ROLLING CULT 4-ROW              132        1   $1,500              $111             $0.84              $200      $13    $1.62
DISC OFFSET 14 FT               105        1   $5,750              $344             $3.28              $767      $49    $7.76
DRILL 13 FT                      42        1   $2,150              $154             $3.70              $430      $18   $10.78
PLANE 12 FT                      29        1   $2,500               $13             $0.45              $333      $21   $12.31
FLOAT 14 FT                      26        1     $600                $9             $0.33               $60       $4    $2.46
LISTER 4-ROW                     29        1   $1,600               $35             $1.18              $213      $14    $7.78
PLOW (MOLDBOARD) 4-16 IN        131        1   $4,000              $294             $2.24              $533      $34    $4.33
SHREDDER 4-ROW                   14        1   $2,500               $13             $0.90              $333      $21   $24.82
COTTON TRAILER                  128        4   $4,800               $37             $0.29              $640      $41    $5.34
SPRAYER 12 FT                    42        1   $1,375              $105             $2.50              $183      $12    $4.63
FRONT END LOADER (ATTACH)        79        1   $2,550              $123             $1.56              $255      $22    $3.49
SEMI-TRUCK & FLATBED            194        1  $15,500   $1,422       $0    $7.35    $0.00            $3,100     $131   $16.70
RAKES                            79        1   $3,400              $259             $3.26              $340      $29    $4.65
V-DITCHER                        32        1   $1,250                $8             $0.25              $167      $11    $5.60
NATURAL GAS WELL              11835        3 $127,500  $36,513   $2,692    $3.09    $0.23           $10,625   $1,077    $1.02
                                             ________   _______  _______                            _______   ______
                                             $319,230  $49,648  $12,312                             $38,548   $2,947
 
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