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Economic Analysis <br />The outside economic impact from the proj ect is small, but not insignificant. Many <br />services benefit from the ranch remaining in operations, such as: veterinarians, medical <br />suppliers, equipment dealers and repair shops, fertilizer and seed suppliers, and others. <br />Social and Physical Impacts <br />There are no social impacts to the project. Management of the land through proper <br />irrigation, crop, and weed management will enhance the long term productivity of the <br />land for many generations. <br />Conclusion <br />• The scope of the project is consistent with the type of agricultural projects funded <br />by the Colorado Water Conservation Boards Construction Loan Program. <br />• The project allows the ranch to utilize its full water right potential in a manner <br />that is cost effective, while maximizing the irrigation potential of the two center <br />pivots. <br />• The ranch has no other financing alternative to construct the proj ect. <br />• The increased production in the irrigation water will greatly assist the ranch in <br />generating a yearly productive hay crop, which will help ensure the longevity of <br />the ranch. <br />• The project is technically and financially feasible. <br />12 <br />