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<br />o <br /> <br />-:~ <br />\~ <br /> <br />.-l <br /> <br />.--, <br /> <br />~-.)l AGRICULTURAL ECONOMIC~ <br /> <br />2 Cost return data, by crop, was developed for high, medium, and low <br /> <br />3 management levels of water use to determine the impact on yields, <br /> <br />4 irrigation labor costs, net returns and returns to management in the <br /> <br />5 Grand Valley. The cost-return data was prepared for three typical farm <br /> <br />6 operations in the valley: a 150-acre full time unit; a 25-acre part time <br /> <br />7 unit, and.a 10-acre orchard unit. These crop budgets can be used to <br /> <br />8 <br /> <br />evaluate the economic incentive for farmers in the Grand Val ley area of <br /> <br />9 <br /> <br />increasing their irrigation efficiencies. <br /> <br />10 <br /> <br />Levels of Farm Management - Levels of management in the Grand Valley are <br /> <br />11 <br /> <br />quite divergent and in general, reflect the degree of profitabil ity of <br /> <br />12 <br /> <br />the farm operation and the efficiency level of water use in the farming <br /> <br />13 operation. From available data, it appears that management is the most <br /> <br />14 <br /> <br />15 <br />16 <br /> <br />17 <br />18 <br /> <br />19 <br /> <br />20 <br /> <br />21 <br /> <br />22 <br /> <br />significant factor in attaining high on-farm irrigation efficiency. <br /> <br />This includes not only efficient water management, but also efficient <br /> <br />management of cultural practices. <br /> <br />The level of management not only varies with irrigation efficiency, but <br /> <br />also with soil type, whether a farmer is full or part time, and to what <br /> <br />extent a farm manager changes his method of operation based on new <br /> <br />technology. <br /> <br />The Investigation - Basic cost-return data were gathered in the Grand <br /> <br />Junction area on crops grown, yields, prices received for crops, types <br /> <br />23 and cost of equipment used, land values and other variables. Question- <br /> <br />22 <br />