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<br />. <br /> <br />PROJECT EVALUATION <br /> <br />In order to estimate the ability of the SLVID farmers to repay an <br />advance received from the State of Colorado through the Colorado Water <br />Conservation Board, information was obtained from the following <br /> <br />sources: <br />1. "Colorado Agricultural Statistics." <br />2. 1974-1980 "Management Trends and Profits - Farm Business <br />Analysis" by San Luis Valley Farm and Ranch Management <br />Association. <br /> <br />3. <br /> <br />Interviews with the following individuals: <br />a. Don Perkins - superintendent SLVID <br />b. Bill Kopfman - President SLVID and local farmer <br />c. Don Schultz - production Credit Association, Monte <br />Vista <br />d. Tom Amerman - united States Department of Agriculture, <br />Farmers Home Administration, Monte Vista <br />e. Don Moschetti, local farmer and member of Colorado <br />Agricultural Commission <br /> <br />. <br /> <br />4. Production cost estimates by Duane Steinhart, Extension <br />Agent Farm Management from Bulletin 490A "Costs for <br />Selected Crops in a Closed Basin, San Luis Valley, Colorado." <br /> <br />. <br /> <br />Generally speaking, production costs have increased at a faster <br />rate than crop income. From 1970 to 1979 cash expenses have increased <br />by a factor of 2.44 while cash income has only increased by a factor <br />of 2.08. In 1980, the prices (eceived by farmers increased signifi- <br />cantly. Comparing 1979 with 1980, the price received for barley <br />increased 19 percent, the price received for hay increased 21 percent, <br />and the price received for potatoes increased 74 percent. Because of <br />the fluctuating prices received by the farmers, it is difficult to <br />project repayment ability over a long period of time. The price <br />received for potatoes has remained about the same during 1981 as it <br />was during 1980, such that 1981 is also predicted as a relatively very <br /> <br />-54- <br />