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~ M Lr';) ~ CHAPTER I V COMPREHENSIVE DEVELOPMENT The estimate of payment capacity was based on preliminary farm budg- et studies made of anticipated farming operations with and without the project, Analyses were made of representative cow-calf ranch operations with project conditions on full and supplemental service lands and with- out project conditions on presently irrigated lands, Present production on the nonirrigated lands was assumed to be negligible, The budgets made for estimating payment capacity were based on the level of management, land use, and crop yields that might be expected at the end of the project development periods when the irrigators would be required to start making payments on project costs, The budgets were based on a projected price index of 250 for prices received and 265 for prices paid (1910-14=100), Irrigation benefits Irrigation benefits from the comprehensive development are estimat- ed at $1,095,000 annually. including direct benefits of $564,000 and in- direct and public benefits of $531,000, The estimates were made for a 100-year period of analysis beginning with the first delivery of project water, The estimates of benefits were based on bUdget analyses of repre- sentati ve farms similar to those made as a basis for estimating the irri- gators' payment capacity, The analyses. however, were based on condi- tions expected to prevail about 15 to 20 years after the initial delivery of project water, which has been assumed to be the economic midpoint of a 100-year period of analysis, Conditions assumed for that time reflect a continuing Nationwide trend toward improved farm techniques, Power Plant operation Information on the Taylor Park and Almont Powerplants under the com- prehensive development is summarized on the following page, Estimates of average annual energy generation are based on water supply available over the 1906-59 period, 24