TABLE 5. Small grain hay, flood-irrigated, budgeted per acre costs and returns for
         management, Valencia and Southern Bernalillo Counties, 2001.
              Planting dates: March 1 - May 1
              Harvesting dates: June 15 - July 15
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         ITEM                  PRICE                 YIELD
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GROSS RETURNS
    SMALL GRAIN HAY         $110.00                  2.50  TONS (STACKED)
 
         TOTAL
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                                                                      PURCHASED
PURCHASED INPUTS               PRICE               QUANTITY             INPUTS
-----------------             -----            ----------------       ------------
    SEED                      $0.23                    80  LBS             $18.40
    WIRE                      $0.36                    26  LBS              $9.31
    CANAL WATER                                        24  AC. IN.         $30.00
                                                                            ______
         SUBTOTAL                                                          $57.71