TABLE 4. Alfalfa establishment, flood-irrigated, budgeted per acre costs and returns for a 35 acre part-time farm,
         Hondo Valley, Lincoln County, 2001.
              Planting dates: August 15 - October 1
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    ALFALFA SEED              $2.65                20  LBS       $53.00                                       $53.00
    PHOSPHORUS (P2O5)         $0.20                50  LBS       $10.00                                       $10.00
    CANAL WATER                                    12  AC. IN.
                                                                 ______                                       ______
         SUBTOTAL                                                $63.00                                       $63.00
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR     &OIL  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------   -----    -----   -------   -----   ------
    DISC (2X)              30 HP                 2.40  HR                 $15.00    $5.20    $1.96   $22.55   $44.71
    HARROW                 30 HP                 0.30  HR                  $1.88    $0.65    $0.07    $7.27    $9.86
    FLOAT                  30 HP                 0.60  HR                  $3.75    $1.30    $0.14   $10.98   $16.17
    FERT. SPREADER         30 HP                 0.30  HR                  $1.88    $0.65    $0.08    $0.76    $3.37
    DRILL                  30 HP                 0.30  HR                  $1.88    $0.65    $0.21   $22.42   $25.16
    IRRIGATE (2X)                                1.00  HR                  $5.95                               $5.95
                                                _________                 ______   ______   ______   ______  _______
         SUBTOTAL                                4.90  HR                 $30.33    $8.45    $2.45   $63.98  $105.21
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.98  HR                  $6.09                               $6.09
    EMPLOYEE BENEFITS                                                      $3.64                               $3.64
    FARM INSURANCE                                                $0.36                                        $0.36
    SUPERVISION AND MANAGEMENT                                             $9.68                               $9.68
                                                 _________       ______   ______                              ______
         SUBTOTAL                                0.98  HR         $0.36   $19.41                              $19.78
                                                 _________      _______   ______   ______   ______   ______  _______
TOTAL OPERATING EXPENSES                         5.88  HR        $63.36   $49.74    $8.45    $2.45   $63.98  $187.99
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