Table 9.  Implications of the 1996 Farm Bill and the January 1998 FAPRI Baseline on the Economic Viability of
Representative Farms Primarily Producing Milk
_________________________________________________________________________________________________________________________

                       CAD1710   NMD2000   WAD185    WAD850    IDD500    IDD1800   TXCD400   TXCD825   TXED210   TXED650
_________________________________________________________________________________________________________________________

Annual % Change in Real Net Worth (%)
1997-2002 Average        8.50      2.61      6.33      4.44      4.36      7.65     -1.36      7.95      6.02      5.77

Net Income Adjustment (NIA)
1997-2002 ($1,000)   -1042.66   -180.06    -72.81   -199.44   -114.31   -871.67     22.52   -255.90    -70.82   -172.52

Net Income Adjustment (NIA)
1997-2002 (% Receipt   -20.09     -2.84    -10.76     -6.94     -7.45    -16.66      2.27    -10.52    -12.92     -9.97

Cost to Receipts Ratio (%)
1997-2002 Average       73.09     94.04     80.95     88.50     86.18     78.21     94.71     83.91     79.61     85.12

Total Cash Receipts ($1000)
               1997   4947.72   6119.07    658.05   2797.44   1481.97   5081.22    955.64   2342.17    526.13   1664.45
               1998   5086.60   6219.13    663.83   2821.02   1500.40   5124.13    975.34   2389.59    538.02   1699.63
               1999   5166.46   6310.81    670.82   2851.08   1532.32   5217.93    989.39   2421.93    546.58   1724.13
               2000   5254.26   6390.80    678.97   2885.91   1545.53   5259.91   1002.99   2454.53    554.08   1747.65
               2001   5319.42   6457.23    687.00   2919.15   1561.00   5315.27   1012.58   2478.86    558.91   1763.67
               2002   5361.95   6559.10    700.13   2974.27   1582.02   5399.21   1023.78   2507.54    564.25   1783.09
1997-2002 Average     5189.40   6342.69    676.47   2874.81   1533.87   5232.94    993.29   2432.44    548.00   1730.44

Net Cash Farm Income ($1000)
               1997   1027.30     20.85     93.60    189.41    133.39    835.80     27.70    268.76     89.18    185.58
               1998   1295.85    378.45    134.60    350.76    202.99   1110.25     61.47    394.21    113.43    268.13
               1999   1464.98    555.07    146.34    406.75    252.15   1277.13     72.73    437.45    122.87    299.72
               2000   1543.69    573.66    148.50    413.08    258.15   1292.84     74.71    449.29    126.84    310.17
               2001   1557.44    520.97    145.56    404.96    252.62   1288.07     61.87    438.52    123.45    298.60
               2002   1550.19    520.74    148.40    418.59    253.55   1317.85     50.04    437.30    121.84    289.32
1997-2002 Average     1406.58    428.29    136.17    363.93    225.48   1186.99     58.08    404.25    116.27    275.25

Prob. of a Cash Flow Deficit (%)
               1997         0        65        53        61        59        36        92        36        37        44
               1998         0        51        35        45        48        16        78        19        25        35
               1999         0        42        22        34        39         8        88        11        18        31
               2000         0        39        32        36        32         6        85        10        20        25
               2001         0        46        31        38        34         4        92         6        17        25
               2002         0        39        40        39        33         7        95        15        22        25

Ending Cash Reserves ($1,000)
               1997   1193.96    184.76     83.87    204.89     92.90    954.45    -33.32    305.22     62.47    182.80
               1998   1815.96    289.37    133.60    332.27    129.60   1395.62    -53.37    483.14     99.27    274.97
               1999   2513.20    510.21    187.82    477.63    190.03   1922.20    -74.32    670.90    138.88    374.85
               2000   3281.42    713.44    241.90    620.33    270.44   2490.27    -87.13    881.04    184.17    502.75
               2001   4053.33    876.08    293.45    763.53    340.41   3041.25   -116.93   1080.85    229.46    621.55
               2002   4812.70   1044.83    335.74    905.74    415.79   3592.04   -153.56   1276.57    271.57    735.81
1997-2002 Average     2945.10    603.11    212.73    550.73    239.86   2232.64    -86.44    782.95    164.30    448.79

Prob. of Refinancing Deficits (%)
               1997         0        33        18        29        29         1        63         5        14        19
               1998         0        37         6        21        26         0        67         0         5        14
               1999         0        27         1        12        18         0        69         0         2         5
               2000         0        23         1        11        15         0        74         0         2         4
               2001         0        21         2         8        10         0        78         0         0         2
               2002         0        15         0         7         6         0        85         0         0         3

Nominal Net Worth ($1000)
               1997   6586.60   5136.28    677.66   3000.66   1742.65   6514.39    874.68   1952.76    705.69   1878.12
               1998   7515.32   5539.02    762.65   3298.13   1910.18   7386.31    912.20   2247.93    781.93   2096.25
               1999   8563.66   6100.73    855.52   3642.73   2115.18   8392.38    954.55   2567.13    868.34   2340.25
               2000   9478.90   6441.24    927.28   3885.78   2255.68   9195.17    964.54   2824.57    933.46   2524.32
               2001  10325.80   6663.94    990.29   4092.54   2363.53   9903.72    958.28   3041.13    992.84   2677.32
               2002  11085.82   6801.22   1047.87   4262.69   2459.66  10530.15    925.76   3224.61   1037.57   2796.65
1997-2002 Average     8926.02   6113.74    876.88   3697.09   2141.15   8653.69    931.67   2643.02    886.64   2385.49

Prob. of Losing Real Net Worth (%)
               1997         1        48        33        39        39        15        54        27        16        32
               1998         0        40        12        20        18         4        50         4         6        12
               1999         0        29         4        10         7         0        44         0         1         4
               2000         0        23         2         9         6         0        48         0         0         5
               2001         0        23         2         7         4         0        52         1         1         4
               2002         0        21         1         8         5         0        64         0         1         3
_________________________________________________________________________________________________________________________


  
Table 10.  Implications of the 1996 Farm Bill and the January 1998 FAPRI Baseline on the Economic Viability of
Representative Farms Primarily Producing Milk
_________________________________________________________________________________________________________________________

                       WID70     WID600    MIED200   MICD140   NYWD700   NYWD1200  NYCD110   NYCD300   VTD85     VTD350
_________________________________________________________________________________________________________________________

Annual % Change in Real Net Worth (%)
1997-2002 Average        8.32      8.01      0.87     -0.91      9.40      8.09      1.89      9.85      9.11      7.37

Net Income Adjustment (NIA)
1997-2002 ($1,000)     -55.70   -315.29    -12.21     17.87   -470.30   -635.91    -12.21   -261.49    -94.00   -223.58

Net Income Adjustment (NIA)
1997-2002 (% Receipt   -25.00    -17.30     -1.84      4.05    -19.66    -16.44     -3.37    -26.76    -29.77    -18.40

Cost to Receipts Ratio (%)
1997-2002 Average       58.02     75.22     90.15     90.70     74.24     78.08     84.66     65.11     56.83     73.89

Total Cash Receipts ($1000)
               1997    212.72   1742.16    636.32    419.50   2295.60   3709.32    347.60    936.90    304.93   1171.10
               1998    218.41   1785.58    652.17    432.07   2350.10   3800.18    356.32    959.98    318.61   1222.06
               1999    221.61   1813.28    660.07    439.17   2373.29   3839.45    360.01    970.07    324.39   1242.03
               2000    225.60   1845.12    671.44    446.67   2413.95   3906.29    366.38    987.51    315.04   1203.36
               2001    228.18   1865.58    679.06    451.41   2440.31   3949.58    370.34    997.48    318.57   1217.32
               2002    230.30   1884.53    687.22    456.00   2476.76   4008.90    375.64   1011.40    322.13   1233.05
1997-2002 Average      222.80   1822.71    664.38    440.80   2391.67   3868.95    362.72    977.22    317.28   1214.82

Net Cash Farm Income ($1000)
               1997     83.47    372.61     30.18     15.69    489.43    699.14     39.49    292.36    122.45    277.66
               1998     93.17    453.38     73.34     41.82    611.68    842.28     57.70    338.80    141.55    344.84
               1999     95.87    493.32     83.57     48.55    644.88    886.29     61.08    349.48    148.89    363.60
               2000     98.89    506.38     85.88     51.67    663.74    919.07     63.42    361.40    137.63    315.90
               2001     99.19    496.85     83.55     50.08    666.82    907.70     61.04    359.88    137.71    312.60
               2002    100.44    491.00     81.96     49.08    673.08    922.32     60.69    364.37    138.50    313.99
1997-2002 Average       95.17    468.92     73.08     42.81    624.94    862.80     57.24    344.38    137.79    321.43

Prob. of a Cash Flow Deficit (%)
               1997        10        23        68        87         9        11        86         4         0         4
               1998         3         5        58        72         1         3        71         0         0         0
               1999         2         4        59        75         0         0        81         0         0         0
               2000         0         4        60        78         0         3        73         0         0         2
               2001         2         6        62        91         1         1        83         0         0         4
               2002        10         9        70        95         0         1        84         0         0         6

Ending Cash Reserves ($1,000)
               1997     69.23    406.33      9.31    -18.74    529.26    803.35      2.62    277.88    111.69    275.01
               1998    100.56    613.05     20.76    -22.22    810.44   1160.11      4.56    416.87    170.55    424.72
               1999    131.10    837.23     34.03    -26.47   1094.01   1531.05      2.84    552.39    228.92    574.36
               2000    165.34   1076.70     48.73    -27.33   1399.51   1937.54      5.95    703.35    287.51    704.29
               2001    198.27   1312.47     54.47    -35.48   1711.75   2338.40      3.95    857.81    345.60    825.78
               2002    229.97   1552.84     51.17    -50.43   2031.36   2747.12     -2.99   1010.12    404.05    951.05
1997-2002 Average      149.08    966.44     36.41    -30.11   1262.72   1752.93      2.82    636.40    258.06    625.87

Prob. of Refinancing Deficits (%)
               1997         0         1        40        72         0         0        47         0         0         0
               1998         0         0        41        65         0         0        43         0         0         0
               1999         0         0        39        65         0         0        44         0         0         0
               2000         0         0        36        68         0         0        40         0         0         0
               2001         0         0        35        74         0         0        45         0         0         0
               2002         0         0        36        76         0         0        52         0         0         0

Nominal Net Worth ($1000)
               1997    410.80   2164.03   1315.15   1086.17   2792.37   4563.67    482.05   1407.29    589.11   1614.41
               1998    466.52   2465.98   1386.73   1106.97   3233.65   5186.00    515.22   1628.84    679.77   1841.88
               1999    524.71   2795.00   1466.89   1139.65   3708.66   5872.90    552.04   1867.86    776.94   2082.70
               2000    577.52   3075.11   1517.07   1154.33   4113.16   6447.94    573.62   2070.55    854.31   2250.49
               2001    628.59   3326.65   1545.63   1156.27   4494.29   6957.01    589.99   2264.15    932.95   2406.84
               2002    672.13   3556.24   1554.61   1144.73   4843.18   7421.93    597.15   2440.20   1002.27   2543.70
1997-2002 Average      546.71   2897.17   1464.35   1131.35   3864.22   6074.91    551.68   1946.48    805.89   2123.34

Prob. of Losing Real Net Worth (%)
               1997         4        15        45        37         4         5        38         0         0         3
               1998         0         2        29        42         0         0        16         0         0         0
               1999         0         0        18        39         0         0        10         0         0         0
               2000         0         0        20        53         0         0        10         0         0         0
               2001         0         0        24        62         0         0         9         0         0         0
               2002         0         0        29        81         0         0        14         0         0         0
_________________________________________________________________________________________________________________________



Table 11.  Implications of the 1996 Farm Bill and the January 1998 FAPRI Baseline
on the Economic Viability of Representative Farms Primarily Producing Milk
_________________________________________________________________________________________

                              MOD85     MOD300    GAND175   GASD650   FLND380   FLSD2000
_________________________________________________________________________________________

Annual % Change in Real Net Worth (%)
1997-2002 Average              2.98      3.32     -8.12      5.97      5.91      5.78

Net Income Adjustment (NIA)
1997-2002 ($1,000)           -16.03    -62.20     46.53   -185.61   -101.12   -415.27

Net Income Adjustment (NIA)
1997-2002 (% Receipt          -7.39     -7.78      9.18     -9.35     -8.58     -6.77

Cost to Receipts Ratio (%)
1997-2002 Average             78.48     83.03    103.63     84.57     85.49     90.46

Total Cash Receipts ($1000)
               1997          206.45    765.30    483.12   1894.71   1126.66   5836.58
               1998          212.10    784.50    496.90   1946.24   1151.72   5996.51
               1999          216.15    796.37    504.32   1973.23   1172.32   6106.52
               2000          219.77    808.47    512.83   2006.03   1193.35   6213.21
               2001          222.22    817.90    519.45   2031.91   1208.20   6284.78
               2002          224.03    826.36    524.62   2052.99   1221.62   6344.30
1997-2002 Average            216.79    799.82    506.87   1984.19   1178.98   6130.32

Net Cash Farm Income ($1000)
               1997           26.31    106.04    -94.32    171.71    -29.41   -419.75
               1998           46.55    143.63     -8.72    308.41    174.47    605.13
               1999           52.92    153.37      8.68    347.38    227.97    872.94
               2000           55.49    156.59      7.62    358.66    235.97    917.65
               2001           56.05    154.60      0.63    347.82    230.54    902.68
               2002           55.27    150.54     -8.34    342.02    224.64    876.73
1997-2002 Average             48.76    144.13    -15.74    312.67    177.36    625.90

Prob. of a Cash Flow Deficit (%)
               1997              83        53       100        52        81        84
               1998              71        43       100        24        56        59
               1999              74        57       100        17        38        48
               2000              74        44       100        11        24        33
               2001              79        44       100        13        22        27
               2002              72        48       100        12        24        30

Ending Cash Reserves ($1,000)
               1997           -6.18     58.81   -143.95    183.43    -44.25   -402.53
               1998           -9.15     88.86   -188.25    288.45     30.51    -92.55
               1999          -12.16    101.50   -222.98    394.70    116.35    308.77
               2000          -12.44    131.99   -256.66    528.19    201.87    710.88
               2001          -10.33    161.48   -297.78    656.82    284.89   1106.78
               2002           -9.36    183.91   -350.72    781.81    363.73   1486.29
1997-2002 Average             -9.94    121.09   -243.39    472.23    158.85    519.61

Prob. of Refinancing Deficits (%)
               1997              60        30       100         7        56        65
               1998              55        19       100         4        45        52
               1999              62        18       100         1        27        37
               2000              60        12       100         0        15        27
               2001              54        12       100         0        10        18
               2002              52         9       100         0         8        11

Nominal Net Worth ($1000)
               1997          403.54   1214.05    287.38   1681.52    940.10   4115.56
               1998          430.16   1311.48    274.58   1894.27   1090.84   4794.53
               1999          465.36   1418.87    277.14   2126.58   1259.58   5597.95
               2000          488.56   1491.74    260.31   2307.63   1388.49   6185.26
               2001          512.00   1554.94    228.49   2461.99   1499.47   6682.52
               2002          525.29   1597.50    178.70   2583.23   1587.68   7053.40
1997-2002 Average            470.82   1431.43    251.10   2175.87   1294.36   5738.20

Prob. of Losing Real Net Worth (%)
               1997              35        27        93        33        58        64
               1998              17        11        91        10        37        39
               1999              10         8        89         2        14        21
               2000               9         6        86         1         8        13
               2001               8         5        95         0         6        12
               2002               8         7        97         1         4         8
_________________________________________________________________________________________