TABLE 4. Alfalfa establishment, flood-irrigated, budgeted per acre costs and returns for a 30 acre farm with above
         average management, De Baca County, 2001.
              Planting dates:  September 1 - October 1
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    SEED                      $2.95                17  LBS       $50.15                                       $50.15
    NITROGEN (N)              $0.42                 0  LBS        $0.00                                        $0.00
    PHOSPHATE (P2O5)          $0.39                 0  LBS        $0.00                                        $0.00
    CANAL WATER                                    12  AC. IN.
                                                                 ______                                       ______
         SUBTOTAL                                                $50.15                                       $50.15
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR   & LUBE  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------   -----    -----   -------   -----   ------
    DISC                   40 HP                 0.31  HR                  $2.09    $1.25    $0.27   $12.26   $15.88
    PLOW (BORROWED)        40 HP                 1.31  HR                  $8.84    $5.29    $0.18    $1.75   $16.07
    DISC (1X)              40 HP                 0.31  HR                  $2.09    $1.25    $0.27   $12.26   $15.88
 
    BORDER DISC            40 HP                 0.05  HR                  $0.34    $0.20    $0.05   $35.41   $36.01
    DRILL (BORROWED)       40 HP                 0.41  HR                  $2.77    $1.66    $0.06    $0.55    $5.03
    IRRIGATE (2X)                                1.00  HR                  $6.75                               $6.75
                                                _________                 ______   ______   ______   ______  _______
         SUBTOTAL                                3.39  HR                 $22.88    $9.65    $0.84   $62.24   $95.62
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     1.20  HR                  $8.10                               $8.10
    EMPLOYEE BENEFITS                                                      $2.75                               $2.75
    INSURANCE                                                     $0.27                                        $0.27
    SUPERVISION AND MANAGEMENT                                            $12.40                              $12.40
                                                 _________       ______   ______                              ______
         SUBTOTAL                                1.20  HR         $0.27   $23.24                              $23.52
                                                 _________      _______   ______   ______   ______   ______   _______
TOTAL OPERATING EXPENSES                         4.59  HR        $50.42   $46.13    $9.65    $0.84   $62.24  $169.29
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