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<br />and supplies, etc.; and in addition, sums required to cover depreciation of <br />equipment and working livestock; replacements, interest on farm operating <br />capital; and charges for renter's labor. <br /> <br />In <br />,:'') <br />~~j'1 <br />('-1 <br />(,) <br />ro-', <br />~.J <br /> <br />utilizing the income-to-land method of repayment analysis, as outlined <br />above, the owner's share of the increased annual gross crop income per farm <br />acre in the project area with an adequate water supply is as follows: <br /> <br />Crop <br /> <br />Weighted Gross <br />Increased Value <br />Per Acre <br /> <br />Owner's Share <br /> <br />Alfalfa <br />Sweet Clover <br />Other Tame Hay <br />Native FBY and Pasture <br />Tame Pasture <br />Field Peas <br />Wheat <br />Oats <br />Barley <br />Other Grain <br />Dry Beans <br />Potatoes <br />Sugar Beets <br />Truck <br />Irrigable Lands <br />Not Now Cropped <br /> <br />$ 1~51 <br />0.70 <br />0.09 <br />0.02 <br />0.29 <br />0.82 <br />0.78 <br />0.47 <br />1.08 <br />0.06 <br />0.30 <br />8.78 <br />0.11 <br />3.70 <br /> <br />$0076 <br />0.35 <br />0.04 <br />0,,01 <br />0.10 <br />0.27 <br />0.26 <br />0.16 <br />0.36 <br />0.02 <br />0.10 <br />2.19 <br />0.03 <br />0.93 <br /> <br />- 0.07 <br />$l.iJ.64 <br /> <br />~ 0,,02 <br />-;;?~56 <br /> <br />The increase in gross crcp income and the reeultant increase in the <br />lar.dovmer's share, as determined above, is predicated upon the availability <br />of sufficient early and late season water to ccmpletely satisfy cropping <br />requirements. However, studies indicate that unavoidable water shortages <br />will occur in seme years, thereby reducing the water user's increase in <br />gross crop income and the landowner's 'share. <br /> <br />From the studies which have been made, the unavoidable shortages <br />occurring with Platoro Reservoir of 60,000 acre-feet of capacity, operated <br />for irrigation, result in an average annual reduction in the increased gross <br />crop income of $lBIJ600 or $1.97 per farm acre. The landowner's share of ' <br />the increased gross crop income is $5.56, or 29.8 percent. Application of <br />this percentage to the average annual ~eduction in gross crop income of <br />$1.97 per farm acre indicates an average annual reduction in the ormer's <br />share of $0058" The owner's share of the increased gross crop income,will <br />then be reduced from $5.56 to $4.98 per farm acre. <br /> <br />The income-.to-land method of repayment analysis specifies that the <br />landowner be all~wed a reasonable return on the increased investment, <br />necessary to assure the efficient and profitable operation of the farm unite <br />In the Conejos Division it is estimated that an average increased invest- <br />ment of $30 per acre will be necessary for repairing and reconstructing <br /> <br />5 <br />