116 INTENSIVE FARMING 



water rental varies from fifty cents to $2.50 

 per acre. 



Irrigated lands are valued at from $100 to 

 $1,500 per acre, depending upon their location 

 and the crops for which they are adapted. 



Economics of Irrigated Land. Land val- 

 ued at $150 per acre with an annual water 

 charge of $1.50, has an annual fixed charge of 

 interest and taxes on $150 plus a pro rata 

 amount of the general improvement of the 

 place, plus $1.50 water rent. An example of 

 what this change may be is afforded by the 

 following: 



40 acres of raw land at $150.00 $6,000.00 



House 1,000.00 



Barn 400.00 



Other buildings 300.00 



Fencing 200.00 



Cistern or well 125.00 



Total $8,025.00 



To which must be added cost of tools, teams, 

 and other equipment, together with an annual 

 charge for depreciation on all equipment of at 

 least ten per cent, and some classes should be 

 charged a much higher rate even than this. 

 Teams, tools, and equipment 800.00 



8,825.00 



Depreciation on $800.00 $80.00 



Interest on $8,825.00 at .08= 706.00 



Water rent at $1.50 60.00 



Annual fixed charge $846.00 



Annual fixed charge per acre 21.15 



