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002843 . . 7 Table 2. Costs of Head Lake Management Area Item Cost Land acquisition 2,200 acres of State-owned land, present value $110,000 Deve lopment Inlet channel Water control structures Habitat development, 4 ponds @ $6,250 Fencing and posting Rearing ponds, 4 @ $5,000 Engineering, supervision, and administration Contingencies Subtotal Total $12,000 6,000 25,000 12,000 20,000 48,000 46,000 169,000 $279,000 Annual 0, M, and R $4,000 The development of Head Lake and adjacent lands as a State wildlife management area as presented herein would replace annual losses of 400 man-days of upland-game hunting, 500 man-days of waterfowl hunt- ing, and the production loss of 2,800 ducks a year. In addition, the area would provide 400 man-days of upland-game hunting for a benefit of $900 annually; 500 man-days of waterfowl hunting for an annual benefit of $2,250; the production of an additional 3,200 ducks and 300 geese, and increased waterfowl use amounting to 1,000,000 waterfowl use-days annually, for an annual benefit of $7,900; and 4,000 man-days of wildlife-oriented recreation for a benefit of $2 ,000 annually. The fish-rearing facilities would compensate the stream fishing loss of 1,000 man-days and in addition would provide an estimated 1,000 man-days of fishing on San Luis Lake for a benefit of $1,500 annually. As noted earlier, the Head Lake Management Area would replace wild- life losses as well as produce benefits. Since the same land and the same developments do both, it seems only proper to identify the por- tion of the total cost that should be attributed to replacement and the portion to be attributed to enhancement.