TABLE 3. Equipment summary for a 50 acre part-time farm, Tularosa Basin, Otero County, 2001.
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         EQUIPMENT                                          VARIABLE COSTS                                FIXED COSTS
--------------------------  ANNUAL                  ---------------------------------             ---------------------------
                            HOURS              TOTAL      FUEL, OIL          FUEL,OIL   REPAIR      DEPRE-              TOTAL
   ITEM & SIZE              OF USE  NUMBER    VALUE       LUBRICANT   REPAIR   PER HR   PER HR      CIATION    TAXES PER HOUR
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                                                    ---------------------------------(DOLLARS)-------------------------------
 
TRACTOR 50 HP                  122       1  $10,025        $615.88  $402.53    $5.05    $3.30       $1,100     $108    $9.90
BALEWAGON, PTO                  43       1   $2,010                 $213.28             $4.96         $800      $78   $20.42
BALER, PTO 2-WIRE               45       1   $1,780                  $41.72             $0.92         $385      $38    $9.36
PLOW 2 BTM                       4       1     $250                   $1.30             $0.31          $33       $2    $8.52
FLOAT 8 FT                       9       1     $400                   $0.11             $0.01          $40       $3    $4.79
DISC 8 FT                       12       1     $700                   $7.51             $0.60          $93       $7    $8.03
SPRINKLER                     3020       2   $5,000                 $141.96             $0.05         $667      $49    $0.24
DRILL 12 FT.                     3       1   $2,200                   $3.10             $1.06         $440      $22  $156.97
SWATHER 14 FT.                  34       1   $6,000        $173.87   $69.83    $5.05    $2.03       $1,450     $142   $46.27
NATURAL GAS WELL              3020       2  $31,000      $4,363.26  $604.07    $1.44    $0.20       $4,133     $303    $1.55
                                            _______    _______      _______                       ________  _______
                                            $59,365         $5,153   $1,485                         $9,142     $751
 
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