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<br />. <br /> <br />. <br /> <br />. <br /> <br />- ,. b.' -, <br />~.t\J - J <br /> <br />Narrows Unit <br />January 1967 <br /> <br />IRRIGATION (Continued) <br />Farm Budget Summary, Repayment (Agricultural index of 250/265) <br /> <br />Item <br /> <br />With supplemental water <br />Per farm Per ac.-ft. <br /> <br />Gross farm income <br />Less farm expenses* <br />Net farm income <br />Less return to family labor and <br />management and e~uity accumulation <br />Payment capacity at farm <br />Payment capacity at Narrows Dam <br /> <br />$34,849 <br />20,257 <br />14,592 <br /> <br />11,969 <br />l 2,623 <br /> <br />$11.42 a/ <br />7.09 y <br /> <br />* Includes ad valorem taxes for Northern Colorado Water Conservancy <br />District (Colorado-Big Thompson Project) and for Lower South <br />Platte Water Conservancy District (Narrows Unit). <br /> <br />~ Computed by dividing the $2,623 of payment capacity of the <br />representative farm by 229.72 ac.-ft., which is the average <br />~uantity of supplemental water to be delivered to the farm <br />headgate. <br /> <br />~ Adjusted to reflect 38 percent losses sustained in conveying <br />the supplemental water from the reservoir to the farm. <br /> <br />Benefits Summary Table (based on agricultural price indexes of 250/265) <br /> <br /> Per ac.-ft. of Gross Net <br />Item For the repre- supplemental water irrigation irrigation <br /> sentative farm At farm At reservoir~ benefi ts benefi ts '?J <br />Direct $4 , 702 $20.47 $12.71 $1, 391f , 000 $1,410,000 <br />Indirect 785 3.42 2.12 233,000 205, 300 <br />Public $5,~~~ 1.02 0.63 6~,000 16,200 <br />Total $24.91 $15.46 $1,69 ,000 "$1,631,500 <br /> <br />1/ <br /> <br />Represents the per ac.-ft. value at the farm adjusted to reflect <br />38 percent transportation losses of water from the reservoir to <br />the farm. <br /> <br />~/ After adjustment for $80,500 of adverse effects and direcc savings <br />of $16,000 in OM&R expenses. <br /> <br />5 <br />