TABLE 4. Alfalfa establishment, flood-irrigated, budgeted per acre costs and returns for a 200 acre farm with above
         average management, Socorro County, 2001.
              Planting dates: August 15 - September 15
---------------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE             QUANTITY      PURCHASED INPUTS                                       TOTAL
___________________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    SEED                      $2.95                   20  LBS         $59.00                                        $59.00
    NITROGEN (N)              $0.42                   40  LBS         $16.80                                        $16.80
    PHOSPHATE (P2O5)          $0.39                   90  LBS         $35.10                                        $35.10
    CANAL WATER                                       12  AC. IN.
                                                                    ______                                         ______
         SUBTOTAL                                                    $110.90                                       $110.90
 
 
                            POWER              ACCOMPLISHMENT     PURCHASED                FUEL             FIXED
PREHARVEST OPERATIONS        UNIT                   RATE               INPUTS    LABOR   & LUBE  REPAIRS     COST     TOTAL
---------- ----------      ------                ------- ---      -----------   -----    -----   -------   -----   ------
    DISC                   130 HP                   0.17  HR                    $0.88    $1.67    $1.04    $3.16     $6.75
    PLOW                   130 HP                   0.67  HR                    $3.45    $6.60    $4.52   $13.04    $27.61
    DISC (2X)              130 HP                   0.34  HR                    $1.75    $3.35    $2.08    $6.33    $13.50
    LASER PLANE (CUSTOM)                                              $73.33                                        $73.33
    BORDER DISC            65 HP                    0.05  HR                    $0.26    $0.36    $0.09    $1.19     $1.90
    DRILL                  65 HP                    0.25  HR                    $1.29    $1.82    $0.81    $4.24     $8.15
    IRRIGATE (3X)                                   1.50  HR                    $7.73                                $7.73
                                                  ______ ___        ______     ______   ______   ______   ______  _______
         SUBTOTAL                                   2.98  HR          $73.33   $15.35   $13.80    $8.54   $27.95   $138.97
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                        1.18  HR                    $6.09                                $6.09
    EMPLOYEE BENEFITS                                                           $2.76                                $2.76
    INSURANCE                                                          $0.31                                         $0.31
    SUPERVISION AND MANAGEMENT                                                 $19.73                               $19.73
                                                   _____ ____       ______     ______                              ______
         SUBTOTAL                                   1.18  HR           $0.31   $28.58                               $28.89
                                                   _____ ____      _______     ______   ______   ______   ______   _______
TOTAL OPERATING EXPENSES                            4.16  HR         $184.54   $43.93   $13.80    $8.54   $27.95   $278.76
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