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<br />. <br /> <br />.',.. A -. <br />.. .1 '"I ,t,. <br /> <br />(Benefit-cost annlysis, Initial DovelopPent) <br /> <br />The farn return_farn cost ro.tio, which is tho quotient of the o.nnunl <br />increo.se in farn returns of 04,224,000 to the annual incroaso in fll1'n <br />costs of 02,392,000 including Buroau ohD.rges for oporation anr. =i~ <br />toncnce, (065,000) is 1.77 to 1.00, This favorablo ro.tio indicatos <br />that the farnors would profit naterially fron Initial Dovclopnont of <br />tho projoct. This ratio, like the benefit-cost ratio, reflects the con_ <br />version of Arkansas River winter water to summer use. Without the con- <br />version of winter water, the farm return,.farm cost ratio would be <br />slightly less. <br /> <br />INTl..NG I BLE BENEF IT S <br /> <br />In c.ddition to tho ta.ngiblo bonofi ts usod for oOI:lporison to Fodoro.l <br />costs, nunorous othor benofits which o.ro intangiblo, but novertholess <br />ror~, would rosu1t fron project dovelopnont. <br /> <br />. <br /> <br />It is ost1natod tho.t the industrio.1 oxpansion and o.pplieo.tion of <br />supplonontal Wo.tor to presently inndequatoly irrigatod lend provided <br />by tho Initial Devolop::JOnt would rosul t in c. populo.tion increc.se which, <br />whon conbincd with the incroaso duc to norl,1Q.l brOl'lth, would givo a <br />total incroc.so of at least 131,000 persons in tho expansive agricultural <br />ll1'oo. on the Ea.stern Slope. Besed on an o.sscssod vnluntion por capita <br />of 0970 in 1940, the incroase in valuation on the Eo.stern Slopo would <br />be over 127 l~llion do11o.rs; howover, lnsod on nn ostinnted prosont <br />day index of 150 percont of por capito. valuation, tho incroaso in vnlun- <br />tion woultl probo.bly bo about 191 :Jillion dollo.rs. It is obvious thAt <br />tho tax rose o.nd Gonorc.l oconoI:1ic stability of tho region would bo <br />groo.tly onho.ncod by project dovolopL-.,nt. The ineroo.sod roturn to Stnto <br />and loenl taxing institutions and tho favorable rofloction on incono <br />tux rocoipts would nntorio.lly ~~provo tho entiro tux situc.tion. <br /> <br />. <br /> <br />Thc c.vo.ilc.bility of hyerooloetric power and high quality, a.doquo.to <br />DUnicipnl and industrial wo.tersupplios would stinulato industry and, <br />liko oxpandod irrigo.tion, would result in tho crec.tion of now taxa.ble <br />wluos, new econome opportunitios, and incroo.sed purchc.sing and con_ <br />sur.ung pmvor. HYGroolectric pmver would partially roplo.co the West's <br />dininishing supply of oil, and gas resorvos end consorve coal as a <br />source of energy in honos, factories, and railroads.. Further, it would <br />st1r~ulo.to tho oconon1co.1 oxtra.ction c.ni processins of tho vnst ninornl <br />resourcos of tho project aron. Tho a.vailability of largo blocks of <br />poWor would provido incrco.sod contort and oonvonieneo te rosidential <br />usors of oloetricc.1 enerGY, contribute to cffcotivo connoroial and rural <br /><lovclopncnt, and induce the osto.blishI:cnt ef now i~ustrics. Tho pm'ler <br />systen planned would effectuato bro~ter dcpondability c.nd continuity <br />C'f eleotric sorvioo through the intogro.tion and coordino.ted oporntion of <br />T'Oworpl11nts llnd power systems. <br /> <br />18 <br /> <br />l_ <br />