TABLE 6. Permanent pasture 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 - September 15
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       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    PASTURE SEED              $3.00                20  LBS       $60.00                                       $60.00
    NITROGEN (N)              $0.24                50  LBS       $12.00                                       $12.00
    PHOSPHORUS (P2O5)         $0.20                20  LBS        $4.00                                        $4.00
    CANAL WATER                                    12  AC. IN.
                                                                 ______                                       ______
         SUBTOTAL                                                $76.00                                       $76.00
 
 
                            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
    FERT. SPREADER         30 HP                 0.30  HR                  $1.88    $0.65    $0.08    $0.76    $3.37
    FLOAT                  30 HP                 0.60  HR                  $3.75    $1.30    $0.14   $10.98   $16.17
    DRILL                  30 HP                 0.30  HR                  $1.88    $0.65    $0.21   $22.42   $25.16
    IRRIGATE (3X)                                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                                            $10.20                              $10.20
    OTHER EXPENSES                                              $115.61                                      $115.61
                                                 _________       ______   ______                              ______
         SUBTOTAL                                0.98  HR       $115.97   $19.93                             $135.90
                                                 _________       ______   ______   ______   ______   ______  _______
TOTAL OPERATING EXPENSES                         5.88  HR       $191.97   $50.26    $8.45    $2.45   $63.98  $317.12
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