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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I- <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />nl'l~~", <br />UO.... ;.J...."t <br /> <br />TABLE B-2 <br /> <br />Revised Repayment Calculations for <br />Parcel A36, Animas Watershed <br /> <br /> Cropping Gross Productionc Net Composite <br />Crop Pattern Yield Returns Costs Returns Net Returns <br />Native Hay .75 3.5 Tons $314.41a $140.34 $174.07 $130.55 <br /> 6.0 AUM <br />Pasture .25 15.0 AUM 150.00b 107.13 42.87 10.72 <br />Ove ra 11 Net Return $141. 27d <br />Efficiency Adjustment Factor 1.10 <br />Adjusted Net Return $155.40 <br /> <br />a Based upon 3.5 Tons of native hay at $72.69/ton and aftermath grazing valued <br />at $60.00. <br /> <br />b <br />Based upon 15.0 AUM at $10/AUM. <br /> <br />c Estimated through regression analysis of budgeted production costs for <br />Zones F-J. <br /> <br />d Assumes the economies of scale of a 1,016 acre operation. <br />