TABLE 6. Permanent pasture establishment, flood-irrigated, budgeted per acre costs and returns for a 20 acre
         part-time farm, San Juan County, 2001.
              Planting dates: August 15 - September 15
---------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
                                                                                                       FIXED
PURCHASED INPUTS                                                                                        COST
--------- ------                                                                                      -----
    SEED                      $2.85                15  LBS       $42.75                                       $42.75
    NITROGEN (N)              $0.42                20  LBS        $8.40                                        $8.40
    PHOSPHATE (P205)          $0.39                50  LBS       $19.50                                       $19.50
    CANAL WATER                                    21  AC. IN.                                       $18.81   $18.81
    CANAL WATER (MAINTENANCE)                                                                         $8.00    $8.00
                                                                 ______                              ______   ______
         SUBTOTAL                                                $70.65                              $26.81   $97.46
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR   & LUBE  REPAIRS     COST    TOTAL
---------- ----------      ---------           ----------      ---------   -----    -----    -----    -----   ------
    PLOW                   65 HP                 0.83  HR                  $5.60    $5.45    $0.21    $3.66   $14.92
    DISC (2X)              65 HP                 0.84  HR                  $5.67    $5.51    $0.21    $3.71   $15.10
    HARROW                 65 HP                 0.41  HR                  $2.77    $2.69    $0.10    $2.81    $8.38
    FERTILIZE              65 HP                 0.05  HR                  $0.34    $0.33    $0.01    $0.22    $0.90
    CORRUGATE              65 HP                 0.41  HR                  $2.77    $2.69    $0.10    $2.81    $8.38
    DRILL                  65 HP                 0.33  HR                  $2.23    $2.17    $0.08    $1.46    $5.93
    DITCHER                65 HP                 0.10  HR                  $0.68    $0.66    $0.02    $0.44    $1.80
    IRRIGATE (3X)                                1.50  HR                  $9.68                               $9.68
                                                _________                 ______   ______   ______   ______   ______
         SUBTOTAL                                4.47  HR                 $29.72   $19.49    $0.74   $15.11   $65.07
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.74  HR                  $5.01                               $5.01
    EMPLOYEE BENEFITS                                                      $3.57                               $3.57
    INSURANCE                                                     $0.36                                        $0.36
    SUPERVISION AND MANAGEMENT                                             $9.49                               $9.49
                                                 _________       ______   ______                              ______
         SUBTOTAL                                0.74  HR         $0.36   $18.06                              $18.42
                                                 _________       ______   ______   ______   ______   ______  _______
TOTAL OPERATING EXPENSES                         5.21  HR        $71.01   $47.79   $19.49    $0.74   $41.93  $180.96
=====================================================================================================================