Table A2.  Implications of the Federal Agriculture Improvement and Reform Act of 1996 (1996 Farm Bill) and April 1996 FAPRI
           Baseline on the Economic Viability of Representative Farms that Primarily Produce Cotton.
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                            TXSP1682  TXSP3697  TXRP1700  TXRP2500  TXBL1200  TXCB1700  CAC900    CAC3150    MSC1635  MSC3620
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Change in Real Net Worth
1996-2002 (%)                 24.98     75.59     34.60     16.98     23.39     21.65     12.50     -7.72    -23.04     -8.09

Government Payments to Receipts (%)
1996-2002 Average              7.99      7.49      9.08      9.38      9.86      8.14      5.61      5.78      6.47      6.10

Expenses to Receipts (%)
1996-2002 Average             66.94     70.23     77.35     82.53     76.94     86.77     86.91    100.87     95.60     92.13

Average Cash Receipts ($1000)
             1996            305.65    965.56    245.61    382.46    291.35    582.83   1051.86   3616.63    827.26   1685.16
             1997            305.60    967.42    244.77    383.10    287.26    575.83   1047.62   3601.81    816.35   1660.67
             1998            302.45    954.51    243.70    381.67    287.26    572.02   1039.00   3572.66    808.26   1639.26
             1999            305.41    960.79    245.25    383.50    286.97    571.30   1027.68   3528.17    808.23   1639.03
             2000            300.42    954.23    245.06    383.32    286.28    570.06   1022.58   3510.50    809.07   1642.20
             2001            294.45    940.08    244.16    381.80    284.74    569.06   1021.71   3506.33    815.25   1655.81
             2002            304.81    965.32    244.82    383.28    287.93    573.58   1027.04   3523.49    820.76   1667.73
1996-2002 Average            302.19    957.06    244.63    382.78    286.74    571.98   1030.94   3540.49    812.99   1650.78

Average Net Cash Income ($1000)
             1996            114.17    342.11     84.26    104.06     98.36    138.57    190.20    285.95    109.16    294.33
             1997            112.98    330.87     77.87     99.67     81.59    121.57    189.70    230.12     86.29    235.40
             1998            112.11    312.28     71.55     91.48     83.27    117.78    172.78    158.82     68.88    185.00
             1999            112.25    308.41     68.70     89.39     78.80    112.14    146.54     30.02     52.80    152.79
             2000            110.37    309.64     67.32     87.78     73.99     88.49    136.03    -51.68     39.35    126.50
             2001            103.55    292.93     67.18     86.07     74.41     85.14    125.62   -121.34     20.91    112.56
             2002            107.80    311.26     66.31     75.65     77.24     85.04     93.62   -210.54     12.01    102.57
1996-2002 Average            109.84    310.90     69.82     88.34     78.22    101.69    144.05      5.90     46.71    152.47

Average Government Payments ($1000)
             1996             21.67     62.63     19.07     30.43     23.06     37.80     51.84    182.98     46.48     88.77
             1997             24.27     71.95     21.46     34.29     25.88     42.94     59.36    209.76     53.51    102.30
             1998             25.39     75.10     22.14     35.36     29.50     47.90     61.85    218.51     55.81    106.70
             1999             24.67     73.68     21.91     35.00     29.13     47.50     61.46    217.22     55.61    106.41
             2000             23.31     70.03     21.08     33.68     27.60     45.50     58.70    207.54     53.04    101.42
             2001             19.66     59.37     16.96     27.10     22.60     37.20     48.85    172.78     44.41     84.96
             2002             18.59     56.59     17.83     28.50     22.91     38.26     48.63    172.04     44.39     85.00
1996-2002 Average             22.65     67.79     20.23     32.32     26.27     43.22     56.47    199.64     51.13     97.80

Average Total Debt ($1000)
             1996            158.91    445.33    125.13    145.80    241.73    222.28    435.86   2235.41    416.25   1014.08
             1997            129.38    507.48    161.33    191.66    214.57    201.02    448.73   2160.77    410.46   1131.65
             1998            123.68    487.58    167.14    168.75    220.86    186.08    433.08   2301.56    430.30   1149.01
             1999             88.01    349.98    150.74    150.43    229.43    312.72    376.83   2405.09    443.52   1164.68
             2000             82.40    308.23    122.99    124.42    190.00    281.55    374.34   2549.04    604.42   1206.62
             2001            118.11    234.24     98.64    185.01    154.89    249.37    549.08   2849.98    633.02   1166.98
             2002             90.32    166.91     90.02    172.32    145.32    275.35    746.78   3537.37    664.19   1202.34
1996-2002 Average            105.32    342.40    131.81    165.43    192.51    251.01    488.14   2633.97    530.99   1170.21

Average Nominal Net Worth ($1000)
             1996            500.30    924.93    212.78    385.93    387.56    394.70   1883.49   7859.47   1158.63   2388.74
             1997            536.50   1052.84    223.68    411.56    394.77    419.60   2041.65   8096.91   1170.08   2439.17
             1998            580.36   1157.59    233.02    423.70    427.10    453.87   2134.74   8298.78   1152.65   2421.55
             1999            599.97   1254.11    242.90    444.39    441.97    479.33   2195.33   8378.09   1155.08   2469.10
             2000            632.33   1368.04    256.39    463.86    448.29    460.85   2283.65   8403.57   1129.71   2457.70
             2001            656.60   1453.30    271.96    485.27    467.33    465.25   2324.35   8356.26   1062.29   2429.23
             2002            663.43   1544.95    287.13    476.48    488.57    474.67   2278.70   8191.01    996.53   2394.21
1996-2002 Average            611.53   1305.14    252.51    450.88    444.67    458.93   2209.74   8287.44   1111.06   2435.16

NIA for Total Real Net Worth 1996-2002
in Dollars ($1000)           -36.33   -148.83    -15.78    -14.57    -16.18    -15.29    -59.40    102.33     53.49     40.07

NIA for Total Real Net Worth 1996-2002
as % Receipts (%)            -12.14    -15.55     -6.45     -3.81     -5.64     -2.67     -5.76      2.89      6.58      2.43
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