TABLE 6. Grass hay establishment, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm
         with above average management, Eastern Slope, 2001.
              Planting dates: August 15 - October 1
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       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
    FESCUE SEED               $2.85                17  LBS       $48.45                                       $48.45
    PHOSPHATE                 $0.39                30  LBS       $11.70                                       $11.70
    NITROGEN                  $0.42                70  LBS       $29.40                                       $29.40
    CANAL WATER                                    18  AC. IN.
    TIMOTHY SEED              $1.32                15            $19.80                                       $19.80
         SUBTOTAL                                               $109.35                                      $109.35
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR   & LUBE  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------   -----    -----   -------   -----   ------
    DISC                   40 HP                 1.06  HR                  $5.46    $4.28    $0.43   $22.38   $32.55
    PLOW                   40 HP                 1.31  HR                  $6.75    $5.29    $0.53   $34.83   $47.40
    FERTILIZE              40 HP                 0.05  HR                  $0.26    $0.20    $0.02    $1.06    $1.54
    FLOAT                  40 HP                 0.32  HR                  $1.65    $1.29    $0.13    $0.68    $3.75
    BORDER DISC            40 HP                 0.10  HR                  $0.52    $0.40    $0.04   $30.98   $31.94
    DRILL                  CUSTOM                                $13.67                                       $13.67
    IRRIGATE (3X)                                2.25  HR                 $11.59                              $11.59
    CORRUGATE                                    0.54 ___                  $2.78    $2.18    $0.22    $1.14    $6.32
         SUBTOTAL                                5.63  HR         13.67    28.99    13.65     1.37    91.07  $148.76
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.71  HR                  $3.66                               $3.66
    EMPLOYEE BENEFITS                                                      $7.25                               $7.25
    INSURANCE                                                     $0.58                                        $0.58
    SUPERVISION AND MANAGEMENT                                            $21.74                              $21.74
                                                 _________       ______   ______                              ______
         SUBTOTAL                                0.71  HR         $0.58   $32.64                              $33.22
                                                 _________      _______   ______   ______   ______   ______   _______
TOTAL OPERATING EXPENSES                         6.34  HR       $123.60   $61.64   $13.65    $1.37   $91.07  $291.33
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