TABLE 5. Permanent pasture establishment, flood-irrigated, budgeted per acre costs and returns for an 80 acre farm,
         San Juan County, 2001.
              Planting dates: August 15 - September 15
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       ITEM                    PRICE          QUANTITY      PURCHASED INPUTS                                    TOTAL
_____________________________________________________________________________________________________________________
                                                                                                       FIXED
PURCHASED INPUTS                                                                                        COST
--------- ------                                                                                      -----
    SEED                      $2.85                14  LBS       $39.90                                       $39.90
    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                                                $67.80                              $18.81   $86.61
 
 
                            POWER            ACCOMPLISHMENT    PURCHASED              FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                 RATE            INPUTS    LABOR   & LUBE  REPAIRS     COST    TOTAL
---------- ----------      ---------           ----------      ---------   -----    -----    -----    -----   ------
    PLOW                   96 HP                 0.67  HR                  $4.52    $4.59    $2.23   $13.47   $24.81
    DISC (2X)              96 HP                 0.34  HR                  $2.30    $2.33    $1.01    $8.63   $14.26
    HARROW                 96 HP                 0.19  HR                  $1.28    $1.30    $0.21    $1.70    $4.49
    FERTILIZE              96 HP                 0.05  HR                  $0.34    $0.34    $0.04    $0.19    $0.91
    CORRUGATE              40 HP                 0.21  HR                  $1.42    $0.85    $0.37    $2.35    $4.98
    DRILL                  96 HP                 0.21  HR                  $1.42    $1.44    $0.37   $34.76   $37.99
    DITCHER (2X)           40 HP                 0.10  HR                  $0.68    $0.40    $0.02    $1.96    $3.06
    IRRIGATE (3X)                                1.50  HR                  $9.68                               $9.68
                                                _________                 ______   ______   ______   ______   ______
         SUBTOTAL                                3.27  HR                 $21.62   $11.25    $4.25   $63.06  $100.18
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                     0.44  HR                  $2.99                               $2.99
    EMPLOYEE BENEFITS                                                      $3.89                               $3.89
    INSURANCE                                                     $0.43                                        $0.43
    SUPERVISION AND MANAGEMENT                                            $15.46                              $15.46
                                                 _________       ______   ______                              ______
         SUBTOTAL                                0.44  HR         $0.43   $22.34                              $22.77
                                                 _________       ______   ______   ______   ______   ______  _______
TOTAL OPERATING EXPENSES                         3.71  HR        $68.23   $43.96   $11.25    $4.25   $81.87  $209.56
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