TABLE 3. Alfalfa establishment, dryland, budgeted per acre costs and returns for an 800 acre farm with above
         average management, San Jon-Nara Visa area, Quay County, 2001.
              Planting dates: August 1 - August 31
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    ALFALFA SEED              $2.95                10  LBS       $29.50                                       $29.50
    WHEAT SEED                $0.11                30  LBS        $3.30                                        $3.30
                                                                 ______                                       ______
         SUBTOTAL                                                $32.80                                       $32.80
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR     &OIL  REPAIRS     COST    TOTAL
---------- ----------      ------              ----------      ---------   -----    -----   -------   -----   ------
    SWEEP                  145 HP                0.10  HR                  $0.76    $1.26    $0.58    $1.84    $4.44
    RODWEEDER              96 HP                 0.08  HR                  $0.60    $0.60    $0.12    $0.19    $1.52
    DRILL WHEAT            96 HP                 0.09  HR                  $0.68    $0.68    $0.36    $1.42    $3.14
    FLY ON ALFALFA SEED                                           $4.50                                        $4.50
                                                _________         ______  ______   ______   ______   ______  _______
         SUBTOTAL                                0.27  HR         $4.50    $2.04    $2.55    $1.07    $3.45   $13.61
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.07  HR                  $0.51                               $0.51
    EMPLOYEE BENEFITS                                                      $0.37                               $0.37
    INSURANCE                                                     $0.04                                        $0.04
    SUPERVISION AND MANAGEMENT                                             $3.42                               $3.42
                                                 _________       ______   ______                              ______
         SUBTOTAL                                0.07  HR          0.04    $4.29                               $4.33
                                                 _________      _______   ______   ______   ______   ______  _______
TOTAL OPERATING EXPENSES                         0.34  HR        $37.34    $6.33    $2.55    $1.07    $3.45   $50.74
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