Table A1.  Receipts and Variable Expenses Per Acre By Region and By Crop
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                    1987     1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     1998     1999     2000     2001     2002
________________________________________________________________________________________________________________________________________________________________

                                                                           Southern Plains
Receipts
Wheat              105.51   110.85   104.73   127.30    98.73   117.92   119.79   106.26    99.43   106.09    97.81   105.00   106.39   101.83   101.25   103.52
Cotton             352.70   361.53   271.54   366.99   336.66   366.13   354.04   354.60   388.47   341.45   339.79   341.09   343.04   347.14   355.81   362.63
Corn               292.82   256.76   321.38   305.60   300.95   340.33   305.40   341.95   365.28   324.48   315.57   300.10   311.03   315.02   325.84   324.27
Sorghum            163.40   162.36   144.12   142.92   157.34   156.73   150.19   152.74   164.98   140.30   135.19   127.48   131.82   132.62   135.77   134.52
Peanuts            512.83   512.34   574.20   790.72   577.07   571.82   581.17   594.85   611.16   619.03   590.88   594.49   598.61   601.54   602.65   601.22

Variable Costs
Wheat               47.20    49.84    53.70    47.66    47.03    47.76    48.18    49.20    51.98    52.96    53.10    53.86    55.12    56.53    57.78    58.87
Cotton             183.52   181.54   170.47   193.05   192.38   182.40   195.09   199.68   194.16   199.88   201.08   203.81   207.41   209.82   212.40   216.13
Corn               122.84   127.51   138.50   139.70   143.42   144.38   142.85   151.36   157.34   157.94   158.66   161.54   164.44   167.59   170.53   173.10
Sorghum             66.36    68.19    82.96    82.11    87.43    88.04    91.51    92.25    95.58    95.55    96.51    98.06    99.45   100.91   102.23   103.29
Peanuts            242.33   238.57   252.46   256.80   348.57   316.59   275.89   281.48   288.63   294.66   300.97   293.04   289.11   291.31   292.95   293.67

                                                                           Delta States
Receipts
Rice               525.88   508.52   533.74   547.41   569.09   575.66   533.59   574.73   516.92   444.23   445.25   446.73   448.05   449.72   450.88   453.03
Cotton             569.77   567.90   495.69   540.45   639.36   646.87   464.34   605.34   614.92   550.39   546.65   550.92   554.01   559.81   571.99   580.90
Soybeans           186.49   182.48   149.65   162.01   154.95   185.26   175.22   207.50   190.80   208.88   198.43   192.93   190.25   198.65   200.20   199.56
Wheat              143.44   154.40   152.31   165.78   109.61   179.42   148.21   190.99   205.06   151.13   138.91   147.93   150.60   144.78   143.76   147.01

Variable Costs
Rice               280.58   310.81   326.81   342.36   346.89   288.90   281.28   298.36   305.49   308.87   312.84   318.87   326.00   333.77   341.14   348.02
Cotton             286.79   289.59   294.51   310.42   346.92   334.87   346.30   357.83   348.31   358.17   360.23   364.93   371.12   375.27   379.70   386.13
Soybeans            52.11    54.39    75.60    78.85    81.71    83.54    81.98    84.04    85.87    86.64    87.42    88.72    89.86    91.14    92.39    93.56
Wheat               47.60    49.81    56.00    56.40    55.43    55.91    56.57    57.54    60.47    61.49    61.64    62.44    63.77    65.25    66.56    67.71

                                                                            Southeast
Receipts
Corn               239.71   220.42   290.17   235.59   252.59   283.71   215.53   280.68   328.68   266.23   259.40   246.35   257.06   260.06   269.37   267.73
Soybeans           135.43   195.92   152.46   149.50   164.93   169.81   171.88   182.43   192.67   188.85   177.88   172.23   169.31   175.71   176.70   175.24
Cotton             473.15   459.44   437.30   432.34   539.91   568.10   426.91   595.70   552.96   456.13   451.98   452.61   452.51   455.39   464.06   470.31
Peanuts            685.83   731.52   694.30   595.33   677.20   812.89   695.77   699.20   695.89   697.15   710.83   717.31   702.75   703.91   704.70   706.17

Variable Costs
Corn               124.45   132.58   145.88   143.37   153.44   154.45   154.29   161.94   168.10   168.72   169.46   172.43   175.42   178.66   181.70   184.34
Soybeans            57.24    60.07    76.08    74.92    78.35    77.91    77.52    79.55    81.37    82.13    82.91    84.21    85.34    86.61    87.85    89.01
Cotton             271.68   269.94   274.64   287.21   276.14   271.52   279.51   293.00   284.23   293.31   295.21   299.55   305.26   309.08   313.17   319.10
Peanuts            314.99   314.32   322.52   320.40   384.88   340.61   332.95   335.95   339.55   342.39   346.06   339.58   339.41   340.49   341.25   341.53
________________________________________________________________________________________________________________________________________________________________
Source:  FAPRI, University of Missouri and Iowa State University; and USDA/ERS.


Table A2.  Receipts and Variable Expenses Per Acre By Region and By Crop
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                    1987     1988     1989     1990     1991     1992     1993     1994     1995     1996     1997     1998     1999     2000     2001     2002
________________________________________________________________________________________________________________________________________________________________

                                                                           Southern Plains
Returns Over Variable Costs
Wheat               58.31    61.01    51.03    79.64    51.71    70.16    71.61    57.05    47.45    53.13    44.71    51.14    51.27    45.30    43.47    44.65
Cotton             169.18   179.99   101.07   173.94   144.28   183.74   158.94   154.92   194.32   141.57   138.71   137.28   135.63   137.32   143.42   146.49
Corn               169.98   129.25   182.88   165.89   157.53   195.94   162.55   190.59   207.94   166.54   156.91   138.56   146.59   147.43   155.30   151.17
Sorghum             97.04    94.17    61.16    60.81    69.91    68.69    58.68    60.49    69.40    44.75    38.69    29.42    32.37    31.71    33.54    31.23
Peanuts            270.50   273.77   321.74   533.92   228.50   255.23   305.28   313.37   322.53

Returns Relative Variable Costs
Wheat                1.24     1.22     0.95     1.67     1.10     1.47     1.49     1.16     0.91     1.00     0.84     0.95     0.93     0.80     0.75     0.76
Cotton               0.92     0.99     0.59     0.90     0.75     1.01     0.81     0.78     1.00     0.71     0.69     0.67     0.65     0.65     0.68     0.68
Corn                 1.38     1.01     1.32     1.19     1.10     1.36     1.14     1.26     1.32     1.05     0.99     0.86     0.89     0.88     0.91     0.87
Sorghum              1.46     1.38     0.74     0.74     0.80     0.78     0.64     0.66     0.73     0.47     0.40     0.30     0.33     0.31     0.33     0.30
Peanuts              1.12     1.15     1.27     2.08     0.66     0.81     1.11     1.11     1.12

                                                                           Delta States
Returns Over Variable Costs
Rice               245.30   197.71   206.93   205.05   222.20   286.76   252.32   276.37   211.43   135.36   132.41   127.85   122.05   115.95   109.74   105.00
Cotton             282.98   278.31   201.18   230.03   292.44   312.00   118.04   247.51   266.61   192.22   186.42   186.00   182.89   184.55   192.29   194.76
Soybeans           134.38   128.09    74.05    83.16    73.24   101.72    93.24   123.46   104.93   122.24   111.01   104.21   100.39   107.50   107.80   106.00
Wheat               95.84   104.59    96.31   109.38    54.18   123.51    91.65   133.45   144.60    89.64    77.27    85.49    86.83    79.53    77.20    79.30

Returns Relative Variable Costs
Rice                 0.87     0.64     0.63     0.60     0.64     0.99     0.90     0.93     0.69     0.44     0.42     0.40     0.37     0.35     0.32     0.30
Cotton               0.99     0.96     0.68     0.74     0.84     0.93     0.34     0.69     0.77     0.54     0.52     0.51     0.49     0.49     0.51     0.50
Soybeans             2.58     2.35     0.98     1.05     0.90     1.22     1.14     1.47     1.22     1.41     1.27     1.17     1.12     1.18     1.17     1.13
Wheat                2.01     2.10     1.72     1.94     0.98     2.21     1.62     2.32     2.39     1.46     1.25     1.37     1.36     1.22     1.16     1.17

                                                                            Southeast
Returns Over Variable Costs
Corn               115.26    87.84   144.29    92.22    99.15   129.27    61.24   118.74   160.57    97.51    89.94    73.93    81.64    81.40    87.67    83.39
Soybeans            78.19   135.85    76.38    74.58    86.58    91.89    94.37   102.88   111.30   106.71    94.97    88.02    83.97    89.10    88.85    86.23
Cotton             201.47   189.50   162.66   145.14   263.76   296.58   147.40   302.70   268.73   162.82   156.76   153.06   147.25   146.31   150.90   151.21
Peanuts            370.84   417.20   371.78   274.93   292.32   472.28   362.81   363.26   356.34

Returns Relative Variable Costs
Corn                 0.93     0.66     0.99     0.64     0.65     0.84     0.40     0.73     0.96     0.58     0.53     0.43     0.47     0.46     0.48     0.45
Soybeans             1.37     2.26     1.00     1.00     1.10     1.18     1.22     1.29     1.37     1.30     1.15     1.05     0.98     1.03     1.01     0.97
Cotton               0.74     0.70     0.59     0.51     0.96     1.09     0.53     1.03     0.95     0.56     0.53     0.51     0.48     0.47     0.48     0.47
Peanuts              1.18     1.33     1.15     0.86     0.76     1.39     1.09     1.06     1.05
________________________________________________________________________________________________________________________________________________________________
Source:  FAPRI, University of Missouri and Iowa State University; and USDA/ERS.