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e. Collateral <br />o The 21 shares of Western Mutual Ditch Company Water will be used as <br />collateral. See Appendix 3 for the full Report. <br />f. Sponsor Creditworthiness <br />o See Appendix I <br />10. Conclusion and Recommendation <br />• Eckhardt Farms Corporation is requesting a loan from the Colorado Water Conservation <br />Board to fund a project that will allow Eckhardt Farms to purchase 21 shares of Western <br />Mutual Ditch Company Water at $70,000.00 per share making the total cost of the project <br />$1,470,000.00. This project will allow Eckhardt Farms to farm the Peckham - <br />Reifschneider Farm with a higher success rate. The yields of crops, value of land, and the <br />overall health of the soil will all benefit from this project. This project is important <br />because it setting up a path for the future, whether the land is used for crop production or <br />if it is used for development in the future this project will help to increase desire for this <br />farmland. <br />Eckhardt Farms Corporation % <br />