TABLE 3. Alfalfa establishment, flood-irrigated, budgeted per acre costs
         San Juan County, 2001.
              Planting dates: April 15 - June 1
              Harvest dates: June 1 - July 31
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         ITEM                  PRICE             YIELD
------------------------------------------------------------------------
GROSS RETURNS
    OAT HAY                 $110.00              2.25  TONS (STACKED)
    GRAZING                  $10.00                 1  AUM
 
         TOTAL
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                                                               PURCHASED
PURCHASED INPUTS               PRICE             QUANTITY        INPUTS
--------- ------              ------            -----------      ------
    ALFALFA SEED              $2.95                20  LBS       $59.00
    OAT SEED                  $0.23                45  LBS       $10.35
    PHOSPHATE (P2O5)          $0.39                45  LBS       $17.55
    WIRE                      $0.36                19  LBS        $6.94
    CANAL WATER                                    48  AC. IN.
    CANAL WATER (MAINTENANCE)                       1  ACRE
                                                                 ______
         SUBTOTAL                                                $93.84