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- 9 - II? 00 individually, and such detailed yield information was obtained from them together l'- with information on fertilizer treatment, if any, adequacy of water supply, and any other relevant information about the crop production. Additional data were obtained on costs of inputs from dealers in the cities of Craig and Steamboat Springs, Colorado. Information was also obtained from various individuals and government offices and agencies. ~rethods Used and Assumptions of Budgeting.--The technique of budgeting was used to attempt to indicate what might happen on existing ranches and on new farm units if the proposed reclamation project is built. In budgeting, a long-term normal situation is approximated for typical farms. Capital-investment requirements were based upon average investment over the life of the resource. Depreciation was also calculated on the basis of average depreciation over the life of the resource, and taxes and interest were calculated based on average investment values. Crop enterprises and land use were planned, based upon the expected rotation necessary to maintain good production, and live- stock inventories and production were determined, based upon \~hat the land would be able to carry with a minimum of additional feeds purchased. At the same time, the crop and livestock enterprises were balanced together so as to result in a minimum amount of surplus crops produced for sale, except in instances where cash-crop production was budgeted. Livestock and feed inventories were assumed to remain constant from one time period to another, so that inventory change is not sho~m. Prices used for livestock were ten-year average prices (1951-1960) at tbe Denver terminal market, with adjustments for marketing costs to reflect a ranch price. Prices for other products sold, barley and hay, were estimated attainable nrices. Prices for inputs purchased were near the average prices over the past five-year period.