TABLE 3. Equipment summary for a 640 acre sprinkler-irrigated wheat/corn farm with above average management,
         Curry County, 2000.
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         EQUIPMENT                                         VARIABLE COSTS                                   FIXED COSTS
--------------------------- ANNUAL  ------------------------------------------------------         ---------------------------
                           HOURS OF            TOTAL  FUEL AND          FUEL,LUBE   REPAIR          DEPREC-              TOTAL
   ITEM & SIZE                USE    NUMBER    VALUE  LUBRICANT   REPAIR   PER HR   PER HR            IATION    TAXES PER HOUR
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TRACTOR 140 HP                  142        1  $23,900   $1,562     $819   $11.00    $5.76            $3,493     $201   $26.01
TRACTOR 185 HP                  240        1  $52,400   $3,770   $2,374   $15.71    $9.89            $5,995     $345   $26.42
DISC 18 FT OFFSET               165        1   $7,500       $0       $0    $0.00    $0.00            $1,000      $58    $6.41
DRILL 20 FT                      25        1   $3,600       $0     $129    $0.00    $5.11              $720      $28   $29.65
FERT SPREADER DEALER FURNIS      25                         $0       $0                                           $0
CHISEL 9-PT                      75        1   $1,350       $0      $62    $0.00    $0.82              $180      $10    $2.54
CULTIVATOR 6-ROW                 40        1   $2,500       $0      $68    $0.00    $1.70              $333      $19    $8.86
PLANTER 6-ROW                    52        1   $4,250       $0     $433    $0.00    $8.33              $850      $33   $16.97
INJECTOR PUMP                  6632        4   $2,400       $0       $0    $0.00    $0.00              $480       $9    $0.07
TOWABLE SPRINKLER              6632        4  $60,000     $321   $6,002    $0.05    $0.91            $8,000     $461    $1.28
ELECTRIC WELL                  6632        4  $52,000  $32,211     $600    $4.86    $0.09            $4,727     $399    $0.77
                                             ________  _______  _______                             _______  _______
         TOTAL                               $209,900  $37,864  $10,486                             $25,779   $1,563
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