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<br />IREL~NO, STAPLr:TOtJ. ~RYOR oS. iHOLtA ES <br />PROF ES{)::Q..t, 20"RPORATION <br /> <br />Mr. Harris D. Sherman <br />January 26, 1976 <br />Page -8- <br /> <br />steadily declining and it probably costs more for Morgan <br /> <br />County REA, Public Service Company of Colorado and Mountain <br /> <br />Bell to serve the area than it produces in revenues, althoug'h <br /> <br />actual, reliable inform.~tion for just the take areas is !lard <br /> <br />to develop. Contrary to what is suggested by the landowners, <br /> <br />any honest examination of businesses in the Weldon Valley <br /> <br />area shows they are outdated and uneconomic by any standard. <br /> <br />We cannot determine how the figures on agricultural <br /> <br />income on the first page of part 4 were computed. However, <br /> <br />,they d.o not compare with figures used elsewhere because they <br /> <br />count the value of crops produced and add it to the value <br /> <br />of livestock sold. Also, comparable figures simply do not <br /> <br />exist because different years are used. <br /> <br />Set against this are the benefits of having an <br /> <br />annual average of approximately 90,000 acre feet of additional <br /> <br /> <br />water available in the valley plus the recreation industry <br /> <br />that would become part of the valley's resources. The Weldon <br /> <br />Valley landmmers misconstrue the computation of benefits. <br /> <br />,The f.igures,used in Bureau feasibility studies are net. <br /> <br />That is, all losses in agricultural production resulting <br /> <br />from the project are first deducted before benefits are <br /> <br />established. <br />