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<br /> <br />1068 <br /> <br />the project area indicates that the direct irrigation benefits in the <br /> <br />form of increased net farm income, resulting from the operation of the <br /> <br />proposed Trinidad Reservoir project, would amount to $290,000 annually. <br /> <br /> <br />These benefits are based on a prospective agricultural price index of <br /> <br /> <br />215 percent of the average prices of 1910-1914, and upon operation of <br /> <br />the project for beneficial use of the available surface water supply, <br /> <br /> <br />moor the provisions of existing law and the ilrkansas River Compact. <br /> <br />The direct benefits are sufficient to support all annual and capital <br /> <br />costs properly allocable to irrigation. <br /> <br />The improvement in agricultural economy would also have a marked <br /> <br />influence in stabilizing the population and income of the city of <br /> <br />Trinidad and surrounding area. Indirect and public benefits would ac- <br />, <br /> <br />crue from increased crop production and the corresponding increase in <br /> <br />marketing and processing activities. <br /> <br />Flood control. With the Trinidad Reservoir project in operation, <br /> <br />all floods equal to or less thanth,e magnitude of the standard project <br />flood would be regulated at the.daJjl site to 15,000 cubic feet per second <br /> <br />or less. However, the peak discharge from floods originating on the un- <br /> <br />controlled area below the dam site would, on rare occasions, exceed the <br /> <br />present channel capacity of 15,000 cubic feet per second through Trinidad <br /> <br />and the rural area downstream. NonpreventabJe damages from this source <br /> <br />would amount to only about one percent of the total average annual dam- <br /> <br />ages under existing conditions. Benefits fram flood control are estimated <br /> <br />at about $275,000 annually. <br /> <br />. 5 <br /> <br />. <br />