George Vajda - Page 7




                                        - 7 -                                         

          dollars” and that Alpha encountered “unusual circumstances” in              
          constructing the buildings resulting in this cost.  These                   
          circumstances, petitioner testified, were due mainly to the need            
          to construct the buildings in accordance with expert                        
          specifications, the unavailability of “competent tradespeople” in           
          the locale of the farm, and Alpha’s incurring of tremendous legal           
          expenses.  Petitioner provided no specifics as to the “in excess            
          of a million dollars” cost.  Nor did he provide any specific                
          dollar amount as to any of the costs attributable to the “unusual           
          circumstances”.                                                             
               Petitioner also relies on the testimony of his expert, Jess            
          A. Salmon.  Mr. Salmon testified that the estimated cost of the             
          buildings was $413,500, without regard to most of the “unusual              
          circumstances” described by petitioner, and attributed the                  
          estimated cost to the following items, each of which he assumed             
          was built between 1978 and 1980:                                            
          Items                   Cost                                                
                                                                                     
          House                  $81,200                                              
          Quarters and office     74,800                                              
          Concrete barn           85,700                                              
          Steel barn              83,500                                              
          Training area           72,800                                              
          Hay barn                 7,237                                              
          Equipment shed           7,163                                              
          Manure pit               1,100                                              
          Total                  413,500                                              









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