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IMPROVING NEW MEXICO’S WATER MANAGEMENT - page 24 / 47

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Surface Groundwater Total water Diversion (farm gate)

2.88

3.54 1770

3.43 2195.2

2.7

576

540

Water delivery Cost per aft Surface Groundwater

$12.00

$24.48

$22.92

$12.60

Within season value of water Gross returns minus harvest costs Intra seasonal value of water

$120,654 $209.47

$415,637 $234.82

$389,747 $177.55

$202,339 $374.70

Seasonal value of water - Cash operating expenses Net above Cash operating expense Seasonal value of water

$84,280 $36,374 $63

$221,893 $193,744 $109

$138,239 $251,508 $115

$141,339 $61,000 $113

Long Term Value of Water (Annual basis) Net above Cash operating expense - Fixed expense - Labor and Management - Capital Expenses Net Return to land water and risk Long term value of water

$36 374

, $9,789 $14,835 $7,834 $3,916 $7

$193 744

, $41,151 $63,207 $24,050 $65,336 $37

$251 508

, $45,326 $58,753 $21,872 $125,557 $57

$61,000 $9,924 $17,230 $9,345 $24,501 $45

Value of Water Right in Agriculture

$500.00

$1,845.65

$2,859.81

$2,268.61

Values are similar to the Rio Grande but do not exhibit a North – South trend.

Instream and Environmental Water Values

There is substantial evidence that New Mexicans greatly value natural rivers and riparian

habitat. Several studies by Berrens et al.4 at the University of New Mexico, in which they

Carlsbad

Artesia

Roswell

De Baca

200

500

640

200

@

2%

capitalization rate

1/ Source NM Cooperative Extension Service

Costs and Returns Estimates 2001 (projected)

Table 14: Agricultural Water Values in the Pecos River Basin (2001) 1/

Representative Farm Size Water Diversion per acre

4 Barrens, Robert P., Alok K. Bohara, Hank Jenkins-Smith, Carol Silva, Philip Ganderton and David Brookshire. “A joint investigation of public support and public use values; case of instream flows in New Mexico” Ecological Economics 27 (1998).

24

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