TABLE 4. Alfalfa establishment, sprinkler-irrigated, budgeted per acre costs and returns for a 50 acre part-time
         farm, Tularosa Basin, Otero County, 2001.
              Planting dates: September 1 - November 1
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    ALFALFA SEED              $2.95                30  LBS       $88.50                                       $88.50
    PUMP WATER*                                     8  AC. IN.
                                                                 ______                                       ______
         SUBTOTAL                                                $88.50                                       $88.50
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR     &OIL  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------   -----    -----   -------   -----   ------
    DISC                   50 HP                 0.39  HR                  $2.63    $1.97    $1.31    $3.95    $9.86
    PLOW                   50 HP                 1.05  HR                  $7.09    $5.30    $3.79   $19.34   $35.52
    DISC (2X)              50 HP                 0.78  HR                  $5.27    $3.94    $3.04   $13.98   $26.23
    FLOAT (2X)             50 HP                 0.64  HR                  $4.32    $3.23    $2.12    $9.40   $19.07
    DRILL                  50 HP                 0.21  HR                  $1.42    $1.06    $0.91   $35.04   $38.44
    IRRIGATE (4X)                                2.00  HR                 $12.90   $17.43    $2.98   $21.54   $54.86
                                                _________                 ______   ______   ______   ______  _______
         SUBTOTAL                                5.07  HR                 $33.62   $32.93   $14.15  $103.26  $183.98
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.77  HR                  $5.18                               $5.18
    EMPLOYEE BENEFITS                                                      $4.03                               $4.03
    FARM INSURANCE                                                $0.40                                        $0.40
    SUPERVISION AND MANAGEMENT                                            $14.43                              $14.43
                                                 _________       ______   ______                              ______
         SUBTOTAL                                0.77  HR         $0.40   $23.65                              $24.05
                                                 _________      _______   ______   ______   ______   ______  _______
TOTAL OPERATING EXPENSES                         5.84  HR        $88.90   $57.27   $32.93   $14.15  $103.26  $296.53
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