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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 />- <br /> <br />would vary from year to year based on water available for refill <br />and amounts delivered. <br /> <br />The difference in income from a given amount of land <br />which could be irrigated is compared to the same land producing <br />dry land wheat. For the irrigated situation, a corn crop will <br />be used as a comparison. The water available is applied at a <br />rate of 2.5 acre feet of water per acre, with the land producing <br />120 bushels of corn per acre at a sale price of $2.50 per <br />bushel. Crop production costs of $150.00 per acre are dedut- <br />ed for seed, fertilizer, herbicide, labor and machinery. <br /> <br />The irrigated income is then compared to the same <br />number of acres of land not being irrigated and producing dry- <br />land wheat. The acreage is halved for summer fallow, with <br />production being 40 bushels per acre at a sale price of $3.50 <br />per bushel. Crop production costs of $90.00 per acre are <br />deducted for seed, machinery and labor. <br /> <br />With project - 13,597 acre feet of storage: in present dollars <br /> <br />Corn crop income <br /> <br />= 13,597 acre feet x 120 bus. x $2.50 _ $150.00 = $815,790 <br />2.5 acre teet/acre Acre bu. Acre <br /> <br />Dryland wheat <br /> <br />= 5,439 acres x ~ summer fallow x 40 bux3.50_$90= $135,975 <br />acre ou:-- acre <br /> <br />INCOME DIFFERENCE irrigated versus non-irrigated <br /> <br />$679,8l5/yr <br /> <br />Without project - storage = 7700 acre feet: in present dollars <br /> <br />Corn crop income <br /> <br />= 7700 acre feet 120 bu. <br />2.5 acre feet&c~eacre <br /> <br />2.50 $150.00 462,000.00 <br />x ou:-- - Acre = <br /> <br />Dryland wheat <br /> <br />= 3080 acres <br />2 x <br /> <br />40 bu. 3.50 $90.00 = <br />acre- x ~ - acre <br /> <br />77,000.00 <br /> <br />INCOME DIFFERENCE irrigated versus non-irrigated <br /> <br />$385,000.00 <br /> <br />b. Municipal and Industrial Water. North Poudre Irrigation <br />Company has negotiated with Platt River Power Authority to <br />store developed water in Fossil Creek Reservoir during off- <br />season. This arrangement could provide an average of 1,000 <br />acre feet of storage for M&I use. <br /> <br />North Poudre has received a lump sum <br />$250,000 for the execution of this agreement. <br />a direct benefit to North Poudre at a current <br />the principle amount or $45,000.00 per year. <br /> <br />In addition water benefits could be realized in the <br />, <br />future, as if all of the water is not withdrawn by PRPA, it <br />reverts to North Poudre Irrigation Company. <br /> <br />payment of <br />This amount is <br />rate of 18% of <br /> <br />~20- <br />