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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />IHH3b4 <br /> <br />B.1 Summary <br />Revised crop budgets reflecting reduced economies of scale were <br />prepared for a 203 acre operation in the Piedra Watershed. <br />Thirty-five acres of Parcel P9 were assigned to native hay production <br />because of their 4A land classification. The remainder of Parcel P9, <br />as well as Parcels P5 and P7 were assigned to alfalfa production with <br />climatic zone E yields. No malt barley was included in the crop <br />rotation because the added equipment costs could not be justified on <br />the small acreage involved. A total of three crop budgets were <br />prepared: established alfalfa, reseeded alfalfa, and native hay. <br />Copies of the computer output for each budget are attached. <br />. A summary of the revised crop budget results for the Piedra <br />Watershed is given in Table B-1. The overall return per acre was <br />computed by multiplying the net return for each crop by its proportion <br />of the cropping pattern, and then summing these weighted averages over <br />all crops. An efficiency adjustment factor of 1.1 was used to reflect <br />the possibility that under ideal conditions, it might be possible to <br />achieve returns of up to 10 percent higher than those projected <br />through the crop budgeting process. The adjusted net return estimate <br />of $169.92 per acre is approximately $70.00 lower than the <br />corresponding return of $240.00 per acre for a 1016 acre operation in <br />climatic zone E. <br /> <br />1- <br />