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<br />l'- <br />c~ <br />ClO <br /> <br />- 31 - <br /> <br />~ith productivity and efficiency levels both at the moderate level, the return <br /> <br />to operator is $3,627. When productivity is stepped up to the high level, the <br /> <br />effect is to increase crop sales substantially, increase cash costs somewhat, and <br /> <br />increase return to the operator's labor to $6,793. At moderate levels of produc- <br /> <br />tivity and with high levels of efficiency, cash costs are reduced substantially, and <br /> <br />return to operator liould be $7,876. l'lhen both productivity and efficiency are high, <br /> <br />the effect is to both increase crop sales and reduce cash expenses. The return to <br /> <br />operator's labor is $11,167. <br /> <br />The returns to operator's labor for the 400-acre cash-crop type operation at <br /> <br />various levels of productivity and efficiency suggest that the project may very well <br /> <br />be feasible with this type of organization, provided a market exists for the hay at <br /> <br />the assumed price. If it were necessary to sell hay at $15.00 per ton, then this <br /> <br />would reduce gross income by about $4,000 on the moderate-productivity budgets and <br /> <br />by $4,931 on the high-productivity budgets. There would be correspondinp. reductions <br /> <br />in net incomes and all but the high-productivity, high-efficiency operation would be <br /> <br />reduced to marginal status. <br /> <br />400-Acre Farm with Various Livestock Programs.--The results of three different live- <br /> <br />stock programs on 400-acre farm units were also budgeted. Obviously, since a beef- <br /> <br />cow breeding herd on irrigated pasture did not appear to be feasible in previous <br /> <br />tests with larger acreages, one could hardly expect it to be feasible on 400 acres. <br /> <br />Three types of livestock operations \~hich were tested included feeding of 195 pur- <br /> <br />chased steer calves for 11 months with some time on irrigated nasture, cash-crop and <br /> <br />feeding 150 purchased steer calves for eight months in drylot and operating a breed- <br /> <br />ing herd of 175 COliS on outside, privately o~med ranf!elands, to be obtained by <br /> <br />leasing. A fattening operation for 116 owned calves and 25 purchased calves on an <br /> <br />ll-month program was combined with the breeding-herd operation. The operations were <br /> <br />budgeted at moderate levels of productivity and efficiency in all cases. <br />