Table 9. Implications of the 1996 Farm Bill and the November 1997 FAPRI Baseline on the Economic Viability of
Representative Farms Primarily Producing Milk
_______________________________________________________________________________________________________________________
CAD1710 NMD2000 WAD185 WAD850 IDD500 IDD1800 TXCD400 TXCD825 TXED210 TXED650
_______________________________________________________________________________________________________________________
Change in Real Net Worth
(%) Over 1997-2002 63.83 6.22 37.39 23.30 37.62 76.10 -10.22 52.16 31.62 35.97
Govt Payments/Receipts (%)
1997-2002 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cost to Receipts Ratio (%)
1997-2002 72.31 95.62 82.09 89.65 85.27 77.41 94.66 84.42 94.53 85.46
Total Cash Receipts ($1000)
1996 5242.61 6401.13 697.75 2962.68 1609.50 5556.98 1018.54 2499.26 558.02 1772.46
1997 4932.31 6029.58 651.67 2770.25 1480.36 5083.14 946.45 2320.37 521.09 1648.34
1998 5044.27 6097.28 655.15 2785.13 1489.39 5103.78 960.02 2352.71 528.63 1671.81
1999 5213.96 6240.58 665.41 2828.40 1529.08 5222.24 985.18 2412.60 544.51 1715.85
2000 5352.56 6384.83 678.76 2885.09 1562.49 5317.32 1008.62 2469.02 557.65 1757.51
2001 5425.76 6463.74 688.70 2926.88 1580.42 5386.90 1019.65 2495.99 561.71 1775.45
2002 5472.80 6543.73 699.39 2971.32 1591.93 5445.45 1028.77 2520.42 567.09 1790.93
1997-2002 Average 5240.28 6293.29 673.18 2861.18 1549.03 5302.26 991.45 2428.52 546.78 1726.65
Net Cash Farm Income ($1000)
1996 1585.20 866.28 168.68 514.54 328.41 1532.77 115.35 495.08 126.62 332.01
1997 1034.70 -47.78 86.16 159.40 133.56 834.76 19.60 245.89 83.47 165.62
1998 1261.13 213.98 120.57 293.20 186.94 1060.22 49.44 349.11 100.45 233.79
1999 1516.37 407.80 133.79 353.85 242.54 1253.98 73.35 417.53 116.93 290.01
2000 1641.56 496.16 142.18 386.79 269.16 1326.50 81.47 452.13 126.57 319.63
2001 1669.15 465.89 143.05 395.41 267.52 1346.30 71.94 448.73 123.46 313.52
2002 1661.53 431.14 142.04 391.64 257.23 1336.11 56.89 439.55 121.31 295.16
1997-2002 Average 1464.07 327.87 127.97 330.05 240.76 1241.52 58.78 392.16 112.03 269.62
Ending Cash Reserves ($1000)
1996 770.49 447.27 73.52 237.60 125.31 720.41 26.14 238.04 45.96 159.55
1997 1192.12 148.15 80.35 188.45 88.95 951.53 -34.02 294.57 50.54 178.04
1998 1788.46 114.42 120.55 270.21 111.73 1354.68 -62.27 442.93 69.16 245.86
1999 2514.87 227.54 166.84 379.96 165.46 1863.90 -81.11 620.21 99.24 341.09
2000 3338.83 393.05 217.40 509.84 254.26 2455.79 -88.85 833.16 137.51 476.24
2001 4101.55 523.58 267.11 646.14 329.81 3042.14 -112.04 1038.10 174.53 602.82
2002 4385.24 628.87 304.57 767.52 401.69 3580.24 -144.57 1233.36 207.23 718.83
1997-2002 Average 2886.84 339.27 192.80 460.35 211.03 1995.53 -87.14 743.72 123.04 427.15
Total Debt ($1000)
1996 1419.06 1153.95 156.09 812.67 379.09 1225.15 220.08 325.81 144.64 365.90
1997 1363.51 1288.35 161.53 828.39 404.40 1053.27 270.34 306.40 170.87 365.68
1998 1281.04 1354.68 154.15 810.25 334.68 938.96 286.88 291.86 175.08 378.66
1999 1218.49 1322.67 158.17 784.43 250.99 732.57 286.16 316.31 170.31 373.67
2000 1149.60 1295.66 154.62 763.13 188.71 594.80 288.93 310.91 157.90 342.10
2001 1009.86 1240.22 166.25 714.40 172.61 432.89 311.11 301.90 149.38 308.91
2002 422.69 1148.30 176.34 672.94 106.92 272.60 371.30 281.57 138.40 290.96
1997-2002 Average 1074.20 1274.98 161.85 762.26 262.49 750.04 302.45 301.49 160.32 343.33
Nominal Net Worth ($1000)
1996 5845.05 5073.66 628.87 2844.26 1645.84 5839.99 875.74 1767.91 629.32 1732.93
1997 6514.96 5010.75 666.18 2947.19 1713.20 6428.18 857.98 1907.96 680.54 1842.61
1998 7345.08 5189.55 732.99 3164.81 1840.02 7177.37 872.33 2135.73 733.94 2010.47
1999 8452.39 5666.20 821.22 3487.87 2045.77 8194.86 922.15 2454.79 814.56 2260.50
2000 9596.33 6177.40 909.13 3807.67 2255.41 9222.15 971.44 2797.20 895.31 2518.27
2001 10476.27 6332.65 966.97 3995.69 2357.40 9932.26 963.89 3002.66 942.20 2665.82
2002 11196.97 6301.43 1010.31 4100.83 2422.30 10463.68 919.35 3145.56 968.56 2755.16
1997-2002 Average 8930.33 5779.66 851.13 3584.01 2039.99 8179.78 917.86 2573.98 839.19 2342.14
Net Income Adjustment (NIA)
($1,000) Over 1997 -1074.67 -53.09 -60.56 -154.65 -114.60 -893.10 27.63 -242.76 -50.58 -156.14
Net Income Adjustment (NIA)
(% of recpts) 1997 -20.51 -0.84 -9.00 -5.40 -7.40 -16.84 2.79 -10.00 -9.25 -9.04
_______________________________________________________________________________________________________________________
Table 10. Implications of the 1996 Farm Bill and the November 1997 FAPRI Baseline on the Economic Viability of
Representative Farms Primarily Producing Milk
_______________________________________________________________________________________________________________________
WID70 WID600 MIED200 MICD140 NYWD700 NYWD1200 NYCD110 NYCD300 VTD85 VTD350
_______________________________________________________________________________________________________________________
Change in Real Net Worth
(%) Over 1997-2002 48.54 56.51 5.64 -4.86 69.14 58.00 10.42 69.00 46.30 51.95
Govt Payments/Receipts (%)
1997-2002 0.00 0.00 0.12 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Cost to Receipts Ratio (%)
1997-2002 58.02 74.97 89.44 90.03 74.36 77.87 84.70 65.15 56.90 73.70
Total Cash Receipts ($1000)
1996 226.46 1858.18 685.40 447.65 2495.52 4036.41 377.08 1012.85 316.75 1220.76
1997 211.28 1732.08 637.17 418.88 2287.40 3695.46 345.85 930.81 303.43 1166.28
1998 215.93 1765.68 650.03 428.80 2331.43 3768.32 352.90 951.24 314.91 1210.77
1999 222.07 1817.35 667.82 442.61 2383.32 3854.90 360.97 972.57 322.47 1237.11
2000 228.52 1869.08 684.58 455.44 2445.66 3958.48 371.10 999.88 319.40 1220.39
2001 231.36 1891.82 693.64 460.53 2476.49 4008.72 375.73 1011.47 323.24 1236.73
2002 233.12 1908.18 702.42 464.57 2510.74 4063.94 380.55 1023.56 326.39 1252.26
1997-2002 Average 223.71 1830.70 672.61 445.14 2405.84 3891.63 364.52 981.59 318.31 1220.59
Net Cash Farm Income ($1000)
1996 102.80 559.09 109.44 60.74 730.00 1077.92 81.87 395.49 139.67 351.61
1997 80.92 363.94 28.16 13.89 472.59 671.44 36.05 284.57 120.40 271.28
1998 89.95 430.72 67.96 37.57 581.09 802.07 53.11 325.80 136.80 331.84
1999 95.93 492.70 88.89 51.62 638.56 895.57 60.17 348.76 145.70 356.04
2000 101.55 528.26 96.08 60.27 681.84 964.13 66.49 369.85 141.00 330.36
2001 102.47 525.27 97.78 59.15 692.74 963.91 65.44 371.89 142.14 331.17
2002 103.12 516.36 95.07 56.04 693.08 966.44 63.77 373.90 142.11 331.05
1997-2002 Average 95.65 476.21 78.99 46.42 626.65 877.26 57.51 345.80 138.02 325.29
Ending Cash Reserves ($1000)
1996 42.99 269.91 49.01 17.61 355.50 546.81 18.32 175.95 64.31 170.03
1997 69.07 402.30 17.64 -14.58 521.56 788.61 1.71 274.34 110.44 271.80
1998 97.88 593.62 24.11 -20.11 782.99 1118.85 0.31 405.32 165.98 413.89
1999 120.92 817.33 41.13 -18.04 1063.14 1498.11 -1.95 540.87 201.15 559.61
2000 138.51 1068.73 61.11 -7.94 1380.29 1931.47 3.21 683.48 207.45 698.72
2001 146.68 1303.45 74.15 -5.99 1705.51 2364.06 3.61 765.75 211.66 829.16
2002 151.18 1510.10 78.68 -14.87 2005.54 2795.32 -2.06 790.66 216.89 959.89
1997-2002 Average 120.71 949.26 49.47 -13.59 1243.17 1749.40 0.81 576.74 185.60 622.18
Total Debt ($1000)
1996 101.01 420.76 269.16 230.74 574.97 940.26 141.37 296.39 150.81 379.72
1997 99.96 425.83 272.54 236.41 596.28 938.28 145.47 291.93 145.95 355.85
1998 100.30 405.25 278.65 229.49 588.21 994.34 146.32 295.80 146.83 356.83
1999 104.40 373.06 270.90 213.37 561.62 954.56 148.40 278.84 113.82 336.34
2000 94.11 351.40 281.34 216.86 553.03 946.52 148.45 267.59 85.19 326.61
2001 83.58 306.97 266.69 226.48 486.29 902.21 146.71 183.68 77.96 326.99
2002 69.08 245.43 240.73 229.76 440.98 812.34 150.57 90.59 69.16 295.89
1997-2002 Average 91.90 351.32 268.47 225.39 537.74 924.71 147.66 234.74 106.49 333.09
Nominal Net Worth ($1000)
1996 357.61 1935.63 1280.54 1047.71 2440.11 4020.03 460.41 1193.75 511.34 1431.58
1997 406.25 2133.52 1311.51 1080.73 2752.63 4493.46 474.36 1383.87 583.34 1596.06
1998 457.71 2391.22 1371.30 1095.48 3146.05 5040.10 500.77 1590.77 666.73 1800.12
1999 516.91 2727.72 1460.91 1134.82 3628.71 5752.72 538.92 1834.24 763.58 2043.31
2000 572.39 3084.44 1542.12 1175.45 4121.55 6483.05 575.83 2076.99 833.62 2257.59
2001 606.38 3337.35 1577.13 1181.79 4506.14 7005.92 592.80 2259.01 863.37 2417.34
2002 621.12 3542.22 1581.71 1165.58 4825.87 7426.90 594.43 2359.04 874.73 2543.63
1997-2002 Average 530.13 2869.41 1474.11 1138.97 3830.16 6033.69 546.19 1917.32 764.23 2109.68
Net Income Adjustment (NIA)
($1,000) Over 1997 -55.93 -311.92 -13.29 15.84 -462.69 -634.30 -10.78 -259.43 -92.49 -222.00
Net Income Adjustment (NIA)
(% of recpts) 1997 -25.00 -17.04 -1.98 3.56 -19.23 -16.30 -2.96 -26.43 -29.20 -18.19
_______________________________________________________________________________________________________________________
Table 11. Implications of the 1996 Farm Bill and the November 1997 FAPRI Baseline on the Economic Viability of
Representative Farms Primarily Producing Milk
_______________________________________________________________________________________________________________________
MOD85 MOD300 GAND175 GASD650 FLND380 FLSD2000
_______________________________________________________________________________________________________________________
Change in Real Net Worth
(%) Over 1997-2002 16.02 21.36 -51.03 53.21 31.82 7.12
Govt Payments/Receipts (%)
1997-2002 0.00 0.00 0.00 0.00 0.00 0.00
Cost to Receipts Ratio (%)
1997-2002 79.43 82.75 101.95 81.48 87.41 96.91
Total Cash Receipts ($1000)
1996 218.92 819.58 532.14 2088.32 1194.42 6175.47
1997 205.09 760.33 497.89 1953.40 1124.01 5800.60
1998 209.29 776.01 508.59 1994.11 1144.86 5938.11
1999 216.24 799.49 523.39 2049.65 1179.53 6132.56
2000 222.65 819.37 536.79 2099.57 1211.13 6307.22
2001 225.19 829.81 544.34 2129.69 1226.88 6379.52
2002 226.49 837.78 549.79 2152.78 1240.00 6432.63
1997-2002 Average 217.49 803.80 526.80 2063.20 1187.73 6165.11
Net Cash Farm Income ($1000)
1996 51.95 183.00 18.97 444.66 165.70 347.04
1997 24.90 97.86 -82.86 225.95 -41.68 -740.90
1998 41.37 132.77 -10.75 355.17 137.17 134.57
1999 49.27 157.19 10.66 421.98 194.65 424.07
2000 55.14 167.21 17.59 448.68 217.26 540.73
2001 56.64 167.17 15.83 446.10 221.16 562.86
2002 54.63 162.26 5.05 439.57 209.89 497.95
1997-2002 Average 46.99 147.41 -7.42 389.57 156.41 236.55
Ending Cash Reserves ($1000)
1996 11.72 66.53 -12.24 191.76 57.28 92.68
1997 -4.20 60.93 -128.83 229.78 -47.74 -777.51
1998 -12.04 83.78 -175.23 361.55 -4.67 -835.59
1999 -18.33 99.75 -208.18 511.94 62.82 -711.85
2000 -18.79 136.80 -232.62 695.58 138.13 -536.63
2001 -16.58 173.11 -260.33 878.38 215.92 -357.40
2002 -16.46 202.22 -301.62 1057.62 284.76 -228.91
1997-2002 Average -14.40 126.10 -217.80 622.47 108.20 -574.65
Total Debt ($1000)
1996 128.66 326.14 105.51 342.18 229.69 870.41
1997 134.91 331.14 226.10 324.81 284.45 1627.97
1998 154.05 325.27 266.91 297.98 268.05 1681.01
1999 154.81 316.38 302.78 276.53 239.59 1566.50
2000 147.73 311.98 318.83 275.46 225.69 1443.54
2001 132.33 290.41 336.96 260.67 207.72 1326.59
2002 128.08 289.80 381.69 247.16 199.19 1262.97
1997-2002 Average 141.98 310.83 305.54 280.43 237.45 1484.76
Nominal Net Worth ($1000)
1996 381.13 1133.52 386.92 1583.74 971.99 4208.15
1997 399.64 1197.62 294.96 1703.41 923.93 3646.83
1998 419.00 1283.12 272.29 1915.88 1024.03 3873.07
1999 453.27 1397.95 279.34 2201.60 1180.97 4436.46
2000 487.26 1508.69 290.06 2492.85 1338.38 5007.96
2001 509.70 1574.86 268.64 2690.55 1438.15 5250.61
2002 517.04 1608.47 221.55 2837.21 1498.17 5271.00
1997-2002 Average 464.32 1428.45 271.14 2306.92 1233.94 4580.99
Net Income Adjustment (NIA)
($1,000) Over 1997 -10.70 -62.38 41.77 -243.55 -75.32 -51.65
Net Income Adjustment (NIA)
(% of recpts) 1997 -4.92 -7.76 7.93 -11.80 -6.34 -0.84
_______________________________________________________________________________________________________________________