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<br />OGBj <br /> <br />The following tabulation summarizes the derivation of these benefits <br />tnrough increased net farm income attributable to the project, <br /> <br />Item <br /> <br />Doll ars <br /> <br />Direct irrigation benefits <br /> <br />$3,897,500 <br />-5,200 <br />4,103,600 <br />5,366,800 <br />119,200 <br /> <br />13,481,900 <br />7,972,700 <br />5,509,200 <br />-58,000 <br /> <br />$5,451,200 <br /> <br />Forage and feed grain <br />Grai ns for process i ng <br />Sugar beets <br />Livestock <br />Perquisites <br /> <br />Total income <br />Farm expenses <br />Net' farm income <br />Less alternate earnings <br /> <br />Pumping Investment and Costs <br /> <br />Farm investment for wells, pumps and motors were included in the farm <br />budgets. The average well in the study area was assumed to be adequate <br />to provide a full water supply for 80 acres, Each well, pump and motor <br />unit was estimated to cost $15,000. Annual operating costs are estimated <br />to be $930 per well, which includes 21,200 ,kWh of energy annually, The <br />additional investment per farm budget was $56,250 and $3,490 in annual <br />costs. <br /> <br />Project Costs <br /> <br />The estimated construction cost for the ground-water recharge plan <br />providing 45,700 acre-feet of water annually is $84,000,000 based on <br />January 1977 price levels. The annual operation, maintenance, and <br />replacement costs for project facilities are estimated to be $530,000. <br />Interest during construction is estimated to be $8,639,000 at 6,625 <br />percent interest. <br /> <br />53 <br />