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<br />I. <br /> <br />1_.' , <br />. :J ;;". <br /> <br />Narrm,s Uni t <br />January 1967 <br /> <br />IRRIGATION (Continued) <br />Farm Budget Summary, Repayment (Agricultural index of 250/265) <br /> <br />Item <br /> <br />With supplemental water <br />Per farm Per ac.-ft. <br /> <br />Gross farm income <br />Less fam expenses* <br />Net farm income <br />Less return to family labor and <br />management and equity accumulation <br />Payment capacity at farm <br />Payment caIJacity at Narrows Dam <br /> <br />$34,84-9 <br />20,257 <br />14,592 <br />~ <br />l 2,023 <br /> <br />$11.42 a/ <br />7.09 ~/ <br /> <br />* Includes ad valorem taxes for Northern Colorado Water Conservancy <br />District (Colorado-Big Thompson Project) and for Lower South <br />Platte ,Tater Conservancy District (Narrows Unit). <br /> <br />. <br /> <br />'!J Computed by dividing the $2,623 of payment capacity of the <br />representa ti ve farm by 229.72 ac. -ft., which is the average <br />quantity of supplemental water to be delivered to the farm <br />headga te . <br /> <br />~ Adjusted to reflect 38 percent losses sustained in conveying <br />the supplemental water from the reservoir to the farm. <br /> <br />Benefits Summary Table (based on agricultural price indexes of 250/265) <br /> <br /> Per ac. -ft. of Gross Net <br />Item For the repre- supplemental water irrigation i:rTigation <br /> sentative farm At farm At reservoir y oenefi ts benefits gj <br />Direct $4-,702 $20.47 $12.71 $l,394,000 $1,410,000 <br />Indirect 785 3.42 2.12 233,000 205,300 <br />Public ~ 1.02 0.63 69,000 16,200 <br />Total 5,722 $24,91 $15.11-6 $1,696,000 $1,631,500 <br /> <br />11 <br /> <br />Represents the per ac.-ft. value at the farm adjusted to reflect <br />38 percent transportation losses of water from the reservoir tD <br />the farm. <br /> <br />After adjustment for $80,500 of adverse effects and direct savings <br />of $16,000 in OM&R expenses. <br /> <br />. <br /> <br />~/ <br /> <br />* <br /> <br />5 <br />