TABLE 1. Basic cost information for the Carlsbad Basin, Eddy
         County, 2001.
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         Item
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Labor Wage Rate:
    Equipment operators             $/hour               $6.80
    General & Irrigators            $/hour               $6.35
 
Purchased Inputs:
    Fertilizer:
         Nitrogen (N)               $/pound              $0.42
         Phosphate (P205)           $/pound              $0.39
 
    Canal water          3 AC. FT.  $/acre              $47.00
    Wire                            $/lb.                $0.36
 
    Seed:
         Alfalfa                    $/pound              $2.95
         Cotton
           Picker                   $/pound              $0.56
           Stripper                 $/pound              $0.51
         Barley                     $/pound              $0.25
         Sudan                      $/pound              $0.34
 
    Diesel fuel                     $/gallon             $1.40
    Gasoline                        $/gallon             $1.35
    Electricity                     cents/KwHr            6.34
    Natural Gas                     $/MCF                $3.71
    LP Gas                          $/gallon             $0.98
 
Employee Liability Insurance        $/$1,000 wages      $20.00
 
Employee Benefits                   percent/wages        18.00%
 
Labor Downtime                      percent              25.00%
 
Financial Rates:
  Operating Capital Interest Rate   percent               9.00%
  Land Interest Rate                percent               7.50%
  Equipment Interest Rate           percent               9.00%
  Real Interest Rate                percent               4.00%
 
Land Taxes                  $250.00 /acre (full value)   $1.84
 
Personal Property Tax Rate - NR     $/$1,000 (Assessed  $22.05
                           - R               Value)     $19.92
Supervision Factors
    Field Crop-Irrigation           $/labor hour         $1.00
    Field Crop-Equipment & General  $/labor hour         $0.50
    Vegetable Crop-Irrigation       $/labor hour         $2.90
    Vegetable Crop-Equip & General  $/labor hour         $1.00
 
Management Rate
     Field Crops                    percent/GR            7.00%
     Vegetable Crops                percent/TOE          10.00%
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TABLE 1a.  Overhead cost information for the Carlsbad Basin,
           Eddy County, 2001.
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         ITEM
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  Electricity (Domestic & Shop)               $175.00 per month  $2,100
  Telephone                                   $105.00 per month  $1,260
  Accounting & Legal                                               $620
  Misc. Supplies & Hand Tools                                      $760
  Pickup and Auto
         miles      15,000     @      $0.325 per mile            $4,875
  Insurance
    - general liability (non-employee)                           $1,230
    - fire/theft                                                   $815
  Property Taxes
    - non-planted land                                              $40
    - other than land & machinery                                  $280
  Fixed Costs: Pump                                              $1,566
  Building repairs and maintenance                                 $490
  Dues, fees, publications                                         $185
  Farmstead Equipment                                            $8,380
                                                               ---------
                                                      Total     $22,600
                                                               =========
                                    Total Per Planted Acre      $125.56
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