TABLE 4. Alfalfa establishment, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm
         with above average management, Carlsbad Basin, 2001.
              Planting dates: August 20 - September 30
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
PURCHASED INPUTS
--------- ------
    SEED                      $2.95                25  LBS       $73.75                                       $73.75
    CANAL WATER                                     8  AC. IN.    $0.00
    PUMP WATER                                      0  AC. IN.
                                                                 _______                                      _______
         SUBTOTAL                                                $73.75                                       $73.75
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR   & LUBE  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------  -------  -------  -------  -------  -------
    DISC                   145 HP                0.17  HR                  $1.16    $2.15    $0.89    $2.97    $7.16
    PLOW                   145 HP                0.67  HR                  $4.56    $8.47    $4.40   $12.05   $29.48
    DISC (3X)              145 HP                0.51  HR                  $3.47    $6.45    $2.66    $8.90   $21.47
    LASER (CUSTOM)                                               $73.33                                       $73.33
    RIPPER                 145 HP                0.27  HR                  $1.84    $3.41    $1.06    $9.77   $16.08
    DISC                   145 HP                0.17  HR                  $1.16    $2.15    $0.89    $2.97    $7.16
    DRAG                   96 HP                 0.17  HR                  $1.16    $1.24    $0.11    $0.56    $3.06
    BORDER DISC (2X)       27 HP                 0.10  HR                  $0.68    $0.27    $0.05    $0.16    $1.16
    DRILL                  96 HP                 0.21  HR                  $1.43    $1.53    $0.35    $6.49    $9.80
    IRRIGATE (2X)                                1.00  HR                  $6.35    $0.00    $0.00    $0.00    $6.35
                                                _________       _______   _______  _______  _______  _______  _______
         SUBTOTAL                                3.27  HR        $73.33   $21.79   $25.67   $10.39   $43.87  $175.04
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.57  HR                  $3.86                               $3.86
    EMPLOYEE BENEFITS                                                      $3.92                               $3.92
    INSURANCE                                                     $0.44                                        $0.44
    SUPERVISION AND MANAGEMENT                                            $19.55                              $19.55
                                                 _________       _______  _______                             _______
         SUBTOTAL                                0.57  HR         $0.44   $27.33                              $27.77
                                                 _________       _______  _______  _______  _______  _______  _______
TOTAL OPERATING EXPENSES                         3.84  HR       $147.52   $49.12   $25.67   $10.39   $43.87  $276.56
=====================================================================================================================