Table A1. Characteristics of Panel Farms in Texas, California, and Mississippi Producing Cotton.
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                     TXSP1682  TXSP3697  TXRP1700  TXRP2500    TXBL1200     TXCB1700    CAC900  CAC3150   MSC1635     MSC3620
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County                Dawson    Dawson     Jones     Jones    Williamson  San Patricio   Kern    Kern    Washington  Washington

Total Cropland          1682      3697      1700      2500        1200         1700        900     3150      1635        3620
 Acres Owned             653       705       170       400         250          300        600     3150       735        1650
 Acres Leased           1029      2992      1530      2100         950         1400        300        0       900        1970

Pastureland
 Acres Leased              0         0       250         0           0            0          0        0         0           0
 Non-Fed AUM"S Leased      0         0         0       500           0            0          0        0         0           0

Assets ($1000)
 Total                   661      1408       333       521         637          622       2347     9977      1576        3460
 Real Estate             301       381        80       235         269          291       1868     8644       959        2043
 Machinery               346       942       212       228         324          284        400     1325       578        1274
 Other & Livestock        14        86        42        58          44           47         79        8        39         143

Debt/Asset Ratios*
 Total                  0.26      0.35      0.38      0.27        0.38         0.36       0.20     0.21      0.26        0.31
 Intermediate           0.31      0.41      0.44      0.34        0.53         0.51       0.23     0.36      0.36        0.47
 Long Run               0.19      0.19      0.19      0.19        0.19         0.19       0.19     0.19      0.19        0.19

1996 Livestock
Beef Cows                  0         0        50        75           0            0          0        0         0           0

1996 Gross Receipts
Total                  286.2     921.2     222.1     353.3       288.2        567.2     1045.6   3594.2     819.8      1669.4

 Cattle                  0.0       0.0      12.4      17.7         0.0          0.0        0.0      0.0       0.0         0.0
                        0.0%      0.0%      5.6%      5.0%        0.0%         0.0%       0.0%     0.0%      0.0%        0.0%

 Cotton                227.6     851.3     195.7     313.6       229.4        473.3      815.3   2859.1     711.0      1374.7
                       79.5%     92.4%     88.1%     88.8%       79.6%        83.4%      78.0%    79.5%     86.7%       82.3%

 Sorghum                 0.0       0.0       0.0       0.0        58.8         93.9        0.0      0.0       0.0         0.0
                        0.0%      0.0%      0.0%      0.0%       20.4%        16.6%       0.0%     0.0%      0.0%        0.0%

 Wheat                   0.0       0.0      14.0      22.0         0.0          0.0        0.0      0.0       0.0         0.0
                        0.0%      0.0%      6.3%      6.2%        0.0%         0.0%       0.0%     0.0%      0.0%        0.0%

 Soybeans                0.0       0.0       0.0       0.0         0.0          0.0        0.0      0.0     108.8       294.7
                        0.0%      0.0%      0.0%      0.0%        0.0%         0.0%       0.0%     0.0%     13.3%       17.7%

 Hay                     0.0       0.0       0.0       0.0         0.0          0.0      230.3    735.1       0.0         0.0
                        0.0%      0.0%      0.0%      0.0%        0.0%         0.0%      22.0%    20.5%      0.0%        0.0%

 Additional Peanuts     48.4      61.4       0.0       0.0         0.0          0.0        0.0      0.0       0.0         0.0
                       16.9%      6.7%      0.0%      0.0%        0.0%         0.0%       0.0%     0.0%      0.0%        0.0%

 CRP                     7.3       8.6       0.0       0.0         0.0          0.0        0.0      0.0       0.0         0.0
                        2.6%      0.9%      0.0%      0.0%        0.0%         0.0%       0.0%     0.0%      0.0%        0.0%

 Other Income            2.9       0.0       0.0       0.0         0.0          0.0        0.0      0.0       0.0         0.0
                        1.0%      0.0%      0.0%      0.0%        0.0%         0.0%       0.0%     0.0%      0.0%        0.0%

1996 Planted Acres
Total                 1239.0    3164.0    1270.0    1933.0      1180.0       1700.0      865.0   3002.0    1565.0      3320.0

 Cotton                961.0    2822.0    1070.0    1633.0       820.0       1190.0      640.0   2000.0     925.0      1700.0
                       77.6%     89.2%     84.3%     84.5%       69.5%        70.0%      74.0%    66.6%     59.1%       51.2%

 Sorghum                 0.0       0.0       0.0       0.0       360.0        510.0        0.0      0.0       0.0         0.0
                        0.0%      0.0%      0.0%      0.0%       30.5%        30.0%       0.0%     0.0%      0.0%        0.0%

 Wheat                   0.0       0.0     200.0     300.0         0.0          0.0        0.0      0.0       0.0         0.0
                        0.0%      0.0%     15.7%     15.5%        0.0%         0.0%       0.0%     0.0%      0.0%        0.0%

 Soybeans                0.0       0.0       0.0       0.0         0.0          0.0        0.0      0.0     640.0      1620.0
                        0.0%      0.0%      0.0%      0.0%        0.0%         0.0%       0.0%     0.0%     40.9%       48.8%

 Hay                     0.0       0.0       0.0       0.0         0.0          0.0      225.0   1002.0       0.0         0.0
                        0.0%      0.0%      0.0%      0.0%        0.0%         0.0%      26.0%    33.4%      0.0%        0.0%

 Additional Peanuts     95.0     128.0       0.0       0.0         0.0          0.0        0.0      0.0       0.0         0.0
                        7.7%      4.0%      0.0%      0.0%        0.0%         0.0%       0.0%     0.0%      0.0%        0.0%

CRP                    183.0     214.0       0.0       0.0         0.0          0.0        0.0      0.0       0.0         0.0
                       14.8%      6.8%      0.0%      0.0%        0.0%         0.0%       0.0%     0.0%      0.0%        0.0%
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 *Receipts for 1996 are included to indicate the relative importance of each enterprise to the farm. Percents indicate the
  percentage of the total receipts accounted for by the livestock categories and the crops.
**Acreages for 1996 are included to indicate the relative importance of each enterprise to the farm; these values reflect
  acreage reduction percentages that year. Total planted acreage may exceed total cropland available due to double cropping.
  Percents indicate the percentage of total planted acreage accounted for by the crop.