TABLE 4. Alfalfa establishment, sprinkler-irrigated, budgeted per acre costs and returns for a 640 acre farm with
         above average management, Curry County, 2001.
              Planting Dates: August 1 - September 1
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    SEED                      $2.95                30 LBS        $88.50                                       $88.50
    NITROGEN (N)              $0.42                20 LBS         $8.40                                        $8.40
    PHOSPHATE (P2O5)          $0.39                50 LBS        $19.50                                       $19.50
    PUMP WATER*                                     5 AC. IN.
                                                                 _______                                      _______
         SUBTOTAL                                               $116.40                                      $116.40
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR     &OIL  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------    -----     ----  -------    -----    -----
    CHISEL                 185 HP                0.20  HR                  $1.51    $2.91    $0.73    $9.69   $14.84
    DISC                   185 HP                0.14  HR                  $1.06    $2.03    $0.74    $9.84   $13.67
    FLOAT (2X)             140 HP                0.32  HR                  $2.42    $3.52    $1.64    $4.84   $12.41
    PRE-IRRIGATE                                 0.10  HR                  $0.76    $2.87    $0.40    $0.99    $5.01
    SEED (CUSTOM)                                                 $9.00                                        $9.00
    IRRIGATE (6X)                                0.60  HR                  $4.05   $17.21    $2.41    $5.91   $29.59
                                                _________        _______  _______  _______  _______  _______  _______
         SUBTOTAL                                1.36  HR         $9.00    $9.79   $28.54    $5.92   $31.27   $84.52
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.09  HR                  $0.64                               $0.64
    EMPLOYEE BENEFITS                                                      $1.76                               $1.76
    INSURANCE                                                     $0.03                                        $0.03
    SUPERVISION AND MANAGEMENT                                            $15.04                              $15.04
                                                 _________       _______  _______                             _______
         SUBTOTAL                                0.09  HR         $0.03   $17.45                              $17.47
                                                 _________       _______  _______  _______  _______  _______  _______
TOTAL OPERATING EXPENSES                         1.45  HR       $125.43   $27.24   $28.54    $5.92   $31.27  $218.39
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