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-9- <br />• from $25.20 to $57.30 per ton from 1969-1978. For this <br />analysis the value of $65.00 per ton was adopted to reflect <br />anticipated inflation to 1980 values. The Colorado <br />Agricultural Statistics also indicates that hay yields in <br />Jackson County averaged 1.15 tons per acre from 1971 to 1977. <br />The gross revenue for hay produced in Jackson County in 1980 <br />dollars is estimated at $74.75 per acre. Hay production costs <br />for the area were estimated, and are summarized on Table 7. <br />The estimated net revenue for hay production in the four <br />draws is summarized on Table 8. These costs do not consider <br />taxes, land, building and equipment or planting. The total <br />cost to operate the irrigation systems can be compared to the <br />value of the irrigated crop produced to evaluate the economic <br />feasibility of proposed flood irrigation systems. <br />The total project costs, reduced to annual equivalents, using <br />• a thirty year useful life and an eight percent interest rate, <br />were compared to the net annual revenues derived from the <br />areas that could be irrigated for each of the four systems. <br />Comparison has been expressed as a ratio of the benefits (net <br />revenue) to the costs and range from 0.06 to 0.19, as shown <br />on Table 9. This clearly indicates that flood irrigation of <br />the adjacent areas within the Sudduth, Williams, Bush and <br />~ Bolton Draws is clearly not economically feasible. <br /> <br />Leonard Rice Consulting Waler Engineers. Inc. <br />