TABLE 3. Alfalfa establishment, flood-irrigated, budgeted per acre costs and returns for a 30 acre part-time farm,
         Valencia and Southern Bernalillo Counties, 2001.
              Planting dates: August 15 - September 15
---------------------------------------------------------------------------------------------------------------------------
       ITEM                    PRICE            QUANTITY      PURCHASED INPUTS                                        TOTAL
___________________________________________________________________________________________________________________________
 
PURCHASED INPUTS
--------- ------
    ALFALFA SEED              $2.95                  20  LBS       $59.00                                           $59.00
    CANAL WATER                                      12  AC. IN.                                                     $0.00
                                                                   ______                                          ______
         SUBTOTAL                                                  $59.00                                           $59.00
 
 
                            POWER             ACCOMPLISHMENT     PURCHASED                FUEL              FIXED
PREHARVEST OPERATIONS        UNIT                  RATE             INPUTS     LABOR    & LUBE  REPAIRS      COST     TOTAL
---------- ----------      ------               -----------      ---------   -----     -----    -------    -----   ------
    DISC                   65 HP                   0.31  HR                   $1.60     $2.04     $0.40    $4.87     $8.91
    PLOW                   65 HP                   1.31  HR                   $6.75     $8.62     $1.07    $7.67    $24.12
    DISC                   65 HP                   0.31  HR                   $1.60     $2.04     $0.40    $4.87     $8.91
    LASER PLANE (CUSTOM)                                           $70.71                                           $70.71
    BORDER DISC            65 HP                   0.05  HR                   $0.26     $0.33     $0.05    $5.22     $5.86
    DRILL (CUSTOM)                                                 $32.50                                           $32.50
    IRRIGATE (2X)                                  1.50  HR                   $7.73                                  $7.73
                                                 __________        ______   ______    ______    ______    ______  _______
         SUBTOTAL                                  3.48  HR       $103.21    $17.92    $13.03     $1.93   $22.64   $158.73
 
OVERHEAD EXPENSES
-------- --------
    DOWNTIME                                       0.50  HR                   $2.55                                  $2.55
    EMPLOYEE BENEFITS                                                         $2.15                                  $2.15
    INSURANCE                                                       $0.22                                            $0.22
    SUPERVISION AND MANAGEMENT                                               $11.20                                 $11.20
                                                  __________       ______   ______                                 ______
         SUBTOTAL                                  0.50  HR         $0.22    $15.90                                 $16.11
                                                  __________      _______   ______    ______    ______    ______  _______
TOTAL OPERATING EXPENSES                           3.98  HR       $162.43    $33.82    $13.03     $1.93   $22.64   $233.85
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