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<br /> <br />- 12 - <br /> <br />o <br />.-,.0 <br />>...'-.1 <br />,,~ <br />:':.> <br />C_J <br /> <br />RIO GRANDE CENTER PIVOT BUDGETS - 1977 <br /> <br />Budget #10 Permanent Cover - Establishment and Maintenance <br />Per Acre Costs - 24 Acres Corners <br /> <br />I. Establishment costs to be amortized at 6 5/8% for 20years.- <br />6 5/8% is Water Council rate but also is meant to represent <br />a growers opportunity lending rate rather than borrowing <br />rate in these budgets <br /> <br />A. Seedbed preparation <br /> <br />$20.00/acre1/ <br /> <br />B. Gross and alfalfa mixture <br />seed and seeding <br /> <br />$20.00/acre1/ <br /> <br />C. One year comer pumping cost <br />and labor pump <br />labor <br /> <br />1/ <br />38. 17/ acrer/ <br />107.00/acre- <br />$185.l7/acre <br /> <br />Total <br /> <br />$185/acre amortized 20 years @ 6 5/8% (.09166) _ <br /> <br />$16.97 <br /> <br />II. Labor during succeeding year~/ <br /> <br />Average 30 days/year x 27.50/day - $825 for 24 acres <br />Per acre <br />Total annual cost to establish and maintain <br />cover for 20 years <br /> <br />34.37 <br />-51.34 per acre <br />per year <br />CP comers <br /> <br />1/ Estimated by Dick Sparks <br /> <br />!/ The labor cost during succeeding years in many cases could be <br />provided by existing help without the need to hire an extra man. <br />This would defray thts cost somewhat. If 3 or more quarters <br />were owned, it would be probably necessary to hire summer help <br />or perhaps to construct level basins for irrigation rather than <br />using borders. <br />