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<br />/' <br /> <br />0J2473 <br /> <br />-2- <br /> <br />The audition of net income from conversIon of ury cTopland to irrigated <br /> <br />cropland is reported to be $t,3 net income per acre over dry land . This <br /> <br />appears to be low. Then this figure is divided by 2.3 AF to give a net value <br /> <br />of: $20/acrc-foot. This calculation is wrong becallse consumptive use of water <br /> <br />is the relevant figure because consumptive use is generally taken at 50 p~r- <br /> <br />cent for irrigated crops. In the South Platte, the return flow is available <br /> <br />to other irrigators.. Thus, i[ you arc going to divide, it should be half of <br /> <br />the water applied or 1.15 AF rather than 2.3 AF. <br /> <br />Farm Management people at Colorado State University do not agree with <br /> <br />$44.50 net returns on irrigated land. They report cash rents on irrigated <br /> <br />land of $100 per acre. <br /> <br />Colorado Agricultural Statistics for Northeastern Colorado report gross <br /> <br />returns in 1979. <br /> <br />Gross <br />returns <br /> <br />Corn $386 <br /> <br />Barley $225 <br /> <br />Beans $542 <br /> <br />Sugar <br />beets $646 <br /> <br />Cash Net over Remainder to be dis- <br />cost Y cash cost tributed among L.L.C.M. <br /> and water 3./ <br />$217 = $169 <br />$140 $ 85 <br />$156 = $386 <br />$412 = $234 <br /> <br />l/ Includes a water 0 & M charge of $5/AF. <br /> <br />3./ LLCMW = Land, labor, capital, management, and water. <br /> <br />B. Supplemental irrigation of presently irrigated lands <br /> <br />The value for water is given at $32 per acre for .76 AF of water. This <br /> <br />is also low. The value of supplemental water varies with amount of shortage, <br /> <br />crop and time of use during the irrigation season. We have developed values <br /> <br />that range from $27 to $190/AF if all of the increase is credited to <br />