TABLE 4. Alfalfa establishment, flood-irrigated, budgeted per acre costs and returns for a farm with above average
         management, Dona Ana and Sierra Counties, 2001.
              Planting Dates: August 1 - October 1
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    SEED                      $2.65                25  LBS       $66.25                                       $66.25
    PHOSPHATE (P2O5)          $0.39                90  LBS       $35.10                                       $35.10
    HERBICIDE                $25.58                 1  X/ACRE    $25.58                                       $25.58
    PUMP WATER*                                     6  AC. IN.
    CANAL WATER                                     6  AC. IN.
                                                                 ______                                       ______
         SUBTOTAL                                               $126.93                                      $126.93
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR     &OIL  REPAIRS     COST    TOTAL
---------- ----------      ------            ------------      ---------   -----    -----   -------   -----   ------
    DISC                   185 HP                0.14  HR                  $0.83    $2.03    $1.38    $2.23    $6.48
    CHISEL                 185 HP                0.20  HR                  $1.19    $2.91    $2.12    $3.19    $9.41
    PLOW                   185 HP                0.38  HR                  $2.26    $5.52    $4.61    $6.84   $19.23
    DISC (2X)              185 HP                0.28  HR                  $1.67    $4.07    $2.77    $4.46   $12.97
    LASER PLANE (CUSTOM)                                         $73.33                                       $73.33
    FERTILIZE              140 HP                0.05  HR                  $0.30    $0.53    $0.25    $0.68    $1.76
    DISC & SPRAY           140 HP                0.17  HR                  $1.01    $2.47    $2.27    $3.12    $8.87
    BORDER DISC            40 HP                 0.05  HR                  $0.30    $0.20    $0.07    $1.91    $2.48
    DRILL                  140 HP                0.21  HR                  $1.25    $2.23    $1.41   $10.96   $15.85
    IRRIGATE (2X)                                1.50  HR                  $8.93    $5.25    $0.16   $26.02   $40.35
                                                  _______        ______   ______   ______   ______   ______  _______
         SUBTOTAL                                2.98  HR        $73.33   $17.73   $25.20   $15.05   $59.41  $190.73
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     1.17  HR                  $6.98                               $6.98
    EMPLOYEE BENEFITS                                                      $3.19                               $3.19
    INSURANCE                                                     $0.35                                        $0.35
    SUPERVISION AND MANAGEMENT                                            $24.48                              $24.48
                                                 _________       ______   ______                              ______
         SUBTOTAL                                1.17  HR         $0.35   $34.64                              $35.00
                                                 _________      _______   ______   ______   ______   ______   _______
TOTAL OPERATING EXPENSES                         4.15  HR       $200.62   $52.38   $25.20   $15.05   $59.41  $352.66
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