TABLE 4. Alfalfa establishment, sprinkler-irrigated, budgeted per acre costs and returns for a 640 acre farm
         with above average management, Dell City area, Otero County, 2001.
              Planting dates: August 1 - September 1
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    SEED                      $2.95                30  LBS       $88.50                                       $88.50
    PUMP WATER*                                     6  AC. IN.
                                                                 ______                                       ______
         SUBTOTAL                                                $88.50                                       $88.50
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR   & LUBE  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------   -----    -----   -------   -----   ------
    DISC                   155 HP                0.14  HR                  $1.06    $1.92    $0.89    $3.03    $6.90
    CHISEL                 155 HP                0.20  HR                  $1.51    $2.75    $0.98    $4.99   $10.23
    PLOW                   155 HP                0.48  HR                  $3.62    $6.60    $3.45   $12.92   $26.59
    DISC (2X)              155 HP                0.28  HR                  $2.11    $3.85    $1.79    $6.06   $13.81
    DRAG (2X)              155 HP                0.30  HR                  $2.27    $4.12    $1.44    $5.69   $13.52
    DRILL                  93 HP                 0.12  HR                  $0.91    $1.13    $0.78    $3.39    $6.20
    IRRIGATE (3X)                                0.30  HR                  $2.03   $11.85    $0.64    $5.35   $19.86
                                                _________                 ______   ______   ______   ______   _______
         SUBTOTAL                                1.82  HR                 $13.50   $32.22    $9.96   $41.43   $97.11
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.12  HR                  $0.87                               $0.87
    EMPLOYEE BENEFITS                                                      $2.43                               $2.43
    INSURANCE                                                     $0.27                                        $0.27
    SUPERVISION AND MANAGEMENT                                            $13.52                              $13.52
                                                 _________       ______   ______                               ______
         SUBTOTAL                                0.12              0.27    16.82                               17.09
                                                 _________      _______   ______   ______   ______   ______   _______
TOTAL OPERATING EXPENSES                         1.94  HR        $88.77   $30.32   $32.22    $9.96   $41.43  $202.70
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