Appendix Table C1.  Implication of Continuing the Current Farm Program vs. the Freedom to Farm
                    Act (FTFA) and a 30% Normal Flex Option on Representative Farms in Iowa.
____________________________________________________________________________________________________
                      Iowa Moderate Grain Farm           Iowa Large Grain Farm
                    ____________________________      ____________________________
                    Baseline  FTFA      30% FLEX      Baseline  FTFA      30% FLEX
____________________________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003    -44.64    -53.22    -53.74         24.10     16.92     17.66

Average Change in Real Net
Worth 1995-2003 (%)    -37.02    -48.12    -48.64         29.70     20.69     21.43

Average Annual Net Cash Income ($1000)
               1995     36.18     36.18     36.18         93.22     93.22     93.22
               1996     40.03     36.06     34.84         91.45     84.77     83.05
               1997     31.71     23.63     26.29         95.27     81.72     86.84
               1998     32.19     29.73     27.26         97.26     90.00     88.58
               1999     33.14     28.30     27.93        104.98     95.54     95.99
               2000     29.49     25.06     24.20        110.65    101.76    102.82
               2001     32.54     28.09     27.66        115.47    106.40    107.12
               2002     35.00     28.99     30.15        116.26    105.37    108.42
               2003     31.14     27.46     26.43        110.20    101.89    102.08
1996-2003 Average       33.15     28.42     28.10        105.19     95.93     96.86

Average Annual Govt. Payments ($1000)
               1995     12.12     12.12     12.12         19.27     19.27     19.27
               1996     14.74     11.18     10.56         23.43     17.78     16.80
               1997     18.49      9.99     13.85         29.40     15.89     22.02
               1998     15.60     10.81     11.03         24.81     17.19     17.54
               1999     15.31     10.28     11.50         24.35     16.34     18.29
               2000     14.90      8.52     11.46         23.69     13.54     18.22
               2001     12.81      6.95      9.75         20.37     11.04     15.50
               2002     14.12      6.52     10.62         22.45     10.37     16.88
               2003     11.36      6.52      8.60         18.06     10.37     13.67
1996-2003 Average       14.67      8.85     10.92         23.32     14.07     17.37

Average Annual Real Net Worth w/o
Land Inflation ($1,000)
               1995    307.47    307.47    307.47        399.65    399.65    399.65
               1996    300.29    297.69    296.89        406.27    403.16    402.34
               1997    276.05    266.38    267.97        425.17    415.91    417.33
               1998    262.60    251.15    250.56        439.26    426.63    427.77
               1999    249.69    234.64    233.76        456.40    440.42    441.55
               2000    223.20    205.13    203.60        470.41    451.54    452.97
               2001    208.11    187.26    185.44        484.27    462.48    464.19
               2002    195.03    170.45    169.56        493.31    467.56    470.35
               2003    170.22    143.84    142.24        495.98    467.28    470.21
1996-2003 Average      235.65    219.57    218.75        458.88    441.87    443.34

Average Annual Real Net Worth ($1000)
               1995    307.47    307.47    307.47        399.65    399.65    399.65
               1996    301.48    298.83    298.03        407.44    404.29    403.47
               1997    280.54    269.50    271.08        429.49    418.95    420.37
               1998    269.33    254.00    253.41        445.75    429.46    430.60
               1999    258.51    237.95    237.07        464.90    443.73    444.86
               2000    234.01    209.64    208.10        480.82    456.00    457.43
               2001    222.85    195.09    193.28        498.42    470.11    471.82
               2002    213.96    182.15    181.27        511.43    478.88    481.66
               2003    193.64    159.50    157.91        518.37    482.35    485.29
1996-2003 Average      246.79    225.83    225.02        469.58    447.97    449.44

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)      29.85     34.50     33.97        -25.25    -17.72    -17.74

NIA for Real Net Worth w/o Land Inflation 1996-2003
as % Receipts (%)       15.66     18.24     18.28         -9.54     -6.91     -6.95

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)      23.91     31.19     30.74        -30.00    -20.32    -20.99

NIA for Total Real Net Worth 1996-2003
as % Receipts (%)       12.54     16.49     16.55        -11.33     -7.92     -8.22
____________________________________________________________________________________________________

Appendix Table C2. Implication of Continuing the Current Farm Program vs. the Freedom to Farm Act (FTFA) and a 30% Normal Flex Option on Representative Farms in Missouri. ____________________________________________________________________________________________________ Missouri Moderate Grain Farm Missouri Large Grain Farm _____________________________ ____________________________ Baseline FTFA 30% FLEX Baseline FTFA 30% FLEX ____________________________________________________________________________________________________ Average Change in Real Net Worth w/o Land Inflation 1995-2003 -35.24 -41.32 -39.61 13.58 12.69 11.07 Average Change in Real Net Worth 1995-2003 (%) -26.13 -34.91 -33.20 22.28 18.77 17.15 Average Annual Net Cash Income ($1000) 1995 46.70 46.70 46.70 123.14 123.14 123.14 1996 41.78 36.97 36.60 133.21 130.09 124.59 1997 34.59 24.31 29.36 129.64 117.15 122.29 1998 34.37 29.98 28.91 130.60 130.10 122.99 1999 36.33 29.05 30.04 157.65 154.57 149.05 2000 39.61 33.42 32.91 165.05 164.92 155.91 2001 43.20 36.94 36.66 169.79 171.96 163.06 2002 45.75 37.18 39.27 183.97 180.44 176.42 2003 41.43 35.47 35.10 189.85 192.03 181.87 1996-2003 Average 39.63 32.92 33.61 157.47 155.16 149.52 Average Annual Govt. Payments ($1000) 1995 12.56 12.56 12.56 23.18 23.18 23.18 1996 15.65 13.40 11.75 28.86 24.57 21.62 1997 19.26 11.87 15.39 35.54 21.78 28.33 1998 17.01 12.74 13.17 31.33 23.39 24.16 1999 16.02 12.05 12.67 29.56 22.13 23.32 2000 14.71 9.95 11.43 27.22 18.28 21.14 2001 12.84 8.12 9.73 23.74 14.90 17.99 2002 13.42 6.99 10.05 24.87 12.88 18.64 2003 10.77 6.99 8.03 19.96 12.88 14.90 1996-2003 Average 14.96 10.26 11.53 27.64 18.85 21.26 Average Annual Real Net Worth w/o Land Inflation ($1,000) 1995 574.91 574.91 574.91 951.84 951.84 951.84 1996 543.40 538.99 538.66 972.78 971.67 969.96 1997 506.85 493.50 497.64 984.33 976.67 977.93 1998 482.47 465.81 468.90 997.59 988.98 987.63 1999 459.96 437.86 441.66 1022.37 1012.99 1009.21 2000 438.83 413.02 417.27 1030.16 1020.79 1013.56 2001 418.12 389.82 396.05 1041.30 1032.76 1022.10 2002 397.83 366.08 376.54 1066.00 1056.76 1044.43 2003 372.32 337.38 347.22 1081.10 1072.59 1057.23 1996-2003 Average 452.47 430.31 435.49 1024.45 1016.65 1010.26 Average Annual Real Net Worth ($1000) 1995 574.91 574.91 574.91 951.84 951.84 951.84 1996 546.72 542.21 541.88 977.88 976.62 974.91 1997 517.62 501.53 505.67 1001.20 989.14 990.40 1998 498.52 474.09 477.17 1022.75 1001.64 1000.29 1999 480.90 447.77 451.56 1055.22 1028.10 1024.31 2000 464.38 425.95 430.19 1070.27 1040.59 1033.36 2001 452.13 409.99 416.21 1094.86 1064.06 1053.40 2002 440.74 394.53 404.98 1133.74 1101.24 1088.91 2003 424.69 374.23 384.06 1163.94 1130.47 1115.11 1996-2003 Average 478.21 446.29 451.47 1064.98 1041.48 1035.09 NIA for Real Net Worth w/o Land Inflation 1996-2003 in Dollars ($1000) 43.75 50.00 48.58 -33.79 -30.95 -24.00 NIA for Real Net Worth w/o Land Inflation 1996-2003 as % Receipts (%) 20.36 22.81 23.12 -7.76 -6.87 -5.62 NIA for Total Real Net Worth 1996-2003 in Dollars ($1000) 31.91 40.71 40.72 -47.87 -41.24 -37.09 NIA for Total Real Net Worth 1996-2003 as % Receipts (%) 14.85 18.57 19.38 -10.99 -9.15 -8.68 ____________________________________________________________________________________________________
Appendix Table C3. Implication of Continuing the Current Farm Program vs. the Freedom to Farm Act (FTFA) and a 30% Normal Flex Option on Representative Farms in Nebraska. ____________________________________________________________________________________________________ Nebraska Moderate Grain Farm Nebraska Large Grain Farm ____________________________ ____________________________ Baseline FTFA 30% FLEX Baseline FTFA 30% FLEX ____________________________________________________________________________________________________ Average Change in Real Net Worth w/o Land Inflation 1995-2003 -33.10 -34.60 -36.34 -7.54 -10.00 -9.29 Average Change in Real Net Worth 1995-2003 (%) -24.88 -28.93 -30.67 1.67 -3.62 -2.91 Average Annual Net Cash Income ($1000) 1995 46.02 46.02 46.02 152.04 152.04 152.04 1996 45.03 44.07 41.76 154.88 144.86 148.66 1997 35.91 27.81 29.60 138.03 112.68 124.73 1998 29.30 35.46 25.20 138.31 140.77 129.73 1999 28.19 26.57 22.52 135.90 122.95 124.19 2000 34.71 33.82 29.08 137.30 126.63 125.66 2001 36.56 33.55 31.86 136.81 120.83 127.32 2002 30.32 22.98 25.80 140.58 118.55 131.70 2003 27.75 25.87 23.60 132.57 120.99 124.79 1996-2003 Average 33.47 31.27 28.68 139.30 126.03 129.60 Average Annual Govt. Payments ($1000) 1995 28.06 28.06 28.06 61.86 61.86 61.86 1996 34.12 25.89 24.46 75.22 57.08 53.92 1997 42.82 23.14 32.07 94.39 51.01 70.70 1998 36.13 25.03 25.55 79.64 55.18 56.32 1999 35.46 23.80 26.64 78.17 52.47 58.72 2000 34.50 19.72 26.53 76.05 43.47 58.49 2001 29.67 16.08 22.58 65.40 35.45 49.78 2002 32.70 15.10 24.59 72.08 33.29 54.20 2003 26.30 15.10 19.91 57.98 33.29 43.88 1996-2003 Average 33.96 20.49 25.29 74.87 45.15 55.75 Average Annual Real Net Worth w/o Land Inflation ($1,000) 1995 839.34 839.34 839.34 1819.25 1819.25 1819.25 1996 813.68 812.76 810.63 1819.24 1815.32 1816.80 1997 776.16 767.75 767.61 1796.05 1778.31 1787.07 1998 728.16 725.19 716.43 1781.33 1763.45 1768.12 1999 694.75 690.64 678.82 1773.03 1749.99 1754.89 2000 669.03 663.49 649.19 1753.55 1726.30 1730.69 2001 641.65 634.39 618.95 1731.88 1699.94 1705.55 2002 599.53 587.30 574.23 1721.28 1681.29 1692.51 2003 561.51 548.91 534.36 1682.12 1637.30 1650.33 1996-2003 Average 685.56 678.80 668.78 1757.31 1731.49 1738.24 Average Annual Real Net Worth ($1000) 1995 839.34 839.34 839.34 1819.25 1819.25 1819.25 1996 817.70 816.66 814.52 1829.18 1824.95 1826.43 1997 789.96 777.77 777.63 1829.76 1802.93 1811.69 1998 748.77 735.08 726.33 1831.67 1787.99 1792.66 1999 721.69 702.37 690.55 1838.81 1779.14 1784.04 2000 701.96 679.01 664.71 1833.91 1764.75 1769.14 2001 685.89 659.56 644.11 1839.62 1761.76 1767.38 2002 655.74 623.57 610.50 1857.99 1770.00 1781.21 2003 630.48 596.49 581.94 1849.67 1753.36 1766.38 1996-2003 Average 719.02 698.81 688.79 1838.83 1780.61 1787.37 NIA for Real Net Worth w/o Land Inflation 1996-2003 in Dollars ($1000) 58.83 59.66 62.33 36.02 46.11 41.09 NIA for Real Net Worth w/o Land Inflation 1996-2003 as % Receipts (%) 17.19 17.16 18.44 5.91 7.62 6.84 NIA for Total Real Net Worth 1996-2003 in Dollars ($1000) 42.23 48.13 50.23 -10.00 16.14 10.00 NIA for Total Real Net Worth 1996-2003 as % Receipts (%) 12.34 13.84 14.86 -1.64 2.67 1.66 ____________________________________________________________________________________________________
Appendix Table C4. Implication of Continuing the Current Farm Program vs. the Freedom to Farm Act (FTFA) and a 30% Normal Flex Option on Representative Farms in the Texas N.P. ____________________________________________________________________________________________________ Texas N. P. Moderate Grain Farm Texas N. P. Large Grain Farm _______________________________ ____________________________ Baseline FTFA 30% FLEX Baseline FTFA 30% FLEX ____________________________________________________________________________________________________ Average Change in Real Net Worth w/o Land Inflation 1995-2003 -141.81 -152.13 -153.77 -12.30 -16.06 -21.96 Average Change in Real Net Worth 1995-2003 (%) -142.26 -153.17 -154.81 -13.09 -17.63 -23.53 Average Annual Net Cash Income ($1000) 1995 52.82 52.82 52.82 165.88 165.88 165.88 1996 35.84 33.29 31.34 140.35 141.02 128.64 1997 26.30 10.24 17.80 127.86 93.53 105.81 1998 18.25 13.62 10.25 124.63 118.85 103.57 1999 3.65 -4.98 -5.02 112.81 99.52 91.06 2000 -1.35 -5.21 -9.30 101.13 101.05 82.81 2001 -13.64 -14.00 -15.25 87.57 83.81 71.51 2002 -34.44 -42.11 -41.43 78.41 69.23 62.49 2003 -32.07 -32.91 -37.36 65.27 71.94 51.90 1996-2003 Average 0.32 -5.26 -6.12 104.75 97.37 87.23 Average Annual Govt. Payments ($1000) 1995 39.89 39.89 39.89 103.79 103.79 103.79 1996 43.44 41.47 33.19 110.32 108.10 84.33 1997 53.85 36.31 44.54 137.02 94.46 113.62 1998 48.35 38.71 38.92 123.31 100.60 99.59 1999 44.84 36.52 36.34 114.10 94.88 92.62 2000 40.18 30.11 31.38 101.87 78.19 79.48 2001 34.86 24.53 26.33 88.24 63.71 66.52 2002 35.02 21.30 26.06 88.05 55.40 65.35 2003 28.04 21.30 20.32 70.47 55.40 50.71 1996-2003 Average 41.07 31.28 32.13 104.17 81.34 81.53 Average Annual Real Net Worth w/o Land Inflation ($1,0 1995 441.21 441.21 441.21 941.48 941.48 941.48 1996 411.39 409.05 407.28 966.00 966.32 958.37 1997 380.75 364.26 369.24 980.32 956.32 959.52 1998 336.92 316.20 318.96 986.50 961.14 951.16 1999 273.85 246.71 249.34 979.21 943.75 927.11 2000 224.89 195.62 194.89 945.62 911.32 880.72 2001 160.85 140.68 139.02 905.31 869.32 830.33 2002 0.00 0.00 0.00 873.87 832.30 789.67 2003 0.00 0.00 0.00 825.64 790.28 734.74 1996-2003 Average 197.20 171.79 171.58 932.81 903.84 878.95 Average Annual Real Net Worth ($1000) 1995 441.21 441.21 441.21 941.48 941.48 941.48 1996 411.69 409.43 407.65 966.53 967.06 959.11 1997 382.05 365.07 370.04 983.38 957.98 961.17 1998 338.02 316.58 319.34 988.74 961.36 951.38 1999 274.46 245.72 248.35 979.83 939.84 923.21 2000 224.71 193.77 193.05 943.79 904.82 874.22 2001 161.19 139.47 137.82 904.77 864.41 825.43 2002 0.00 0.00 0.00 869.33 822.26 779.62 2003 0.00 0.00 0.00 818.21 775.53 719.98 1996-2003 Average 197.26 170.53 170.32 931.82 899.16 874.26 NIA for Real Net Worth w/o Land Inflation 1996-2003 in Dollars ($1000) 64.30 68.39 69.24 17.94 22.07 29.91 NIA for Real Net Worth w/o Land Inflation 1996-2003 as % Receipts (%) 18.92 20.17 20.66 2.16 2.66 3.65 NIA for Total Real Net Worth 1996-2003 in Dollars ($1000) 64.67 69.43 70.89 19.09 24.23 32.04 NIA for Total Real Net Worth 1996-2003 as % Receipts (%) 19.03 20.48 21.15 2.29 2.92 3.91 ____________________________________________________________________________________________________
Appendix Table C5. Implication of Continuing the Current Farm Program vs. the Freedom to Farm Act (FTFA) and a 30% Normal Flex Option on Representative Farms in South Carolina. ____________________________________________________________________________________________________ South Carolina Moderate Grain Farm South Carolina Large Grain Farm __________________________________ _______________________________ Baseline FTFA 30% FLEX Baseline FTFA 30% FLEX ____________________________________________________________________________________________________ Average Change in Real Net Worth w/o Land Inflation 1995-2003 7.14 -1.57 -0.09 23.93 21.26 20.48 Average Change in Real Net Worth 1995-2003 (%) 8.71 -0.63 0.85 25.76 22.43 21.64 Average Annual Net Cash Income ($1000) 1995 111.17 111.17 111.17 327.63 327.63 327.82 1996 115.78 101.00 101.98 351.62 342.69 325.11 1997 104.71 75.12 88.10 339.10 299.50 311.62 1998 102.47 82.45 85.09 351.73 328.82 322.75 1999 104.75 83.79 87.57 371.10 343.86 341.00 2000 104.28 89.80 89.31 383.24 364.18 355.62 2001 108.18 94.56 94.91 387.14 374.55 363.41 2002 113.17 97.47 100.07 402.09 381.87 381.28 2003 110.15 99.84 97.57 407.14 405.61 390.54 1996-2003 Average 107.94 90.50 93.08 374.14 355.14 348.92 Average Annual Govt. Payments ($1000) 1995 35.11 35.11 35.11 78.95 78.95 76.42 1996 43.99 36.52 33.76 98.85 93.24 76.25 1997 53.88 32.32 44.71 119.47 82.51 98.13 1998 48.10 34.67 38.42 113.00 88.55 90.65 1999 44.88 32.78 36.30 108.75 83.80 87.59 2000 40.66 27.06 31.97 100.86 69.23 78.72 2001 35.62 22.06 27.20 82.51 56.45 62.74 2002 36.72 18.80 27.72 88.25 49.54 65.91 2003 29.45 18.80 22.05 70.73 49.54 52.79 1996-2003 Average 41.66 27.88 32.77 97.80 71.61 76.60 Average Annual Real Net Worth w/o Land Inflation ($1,000) 1995 604.51 604.51 604.51 1978.47 1978.47 1977.37 1996 623.93 618.15 618.53 2066.02 2062.99 2056.00 1997 630.32 611.18 618.08 2135.23 2118.42 2113.72 1998 638.82 610.58 619.15 2205.68 2178.39 2173.13 1999 647.43 611.06 620.89 2272.08 2235.44 2228.89 2000 644.54 602.92 612.47 2337.56 2294.14 2285.08 2001 646.32 600.58 609.88 2361.98 2314.94 2302.31 2002 653.61 603.41 613.28 2418.71 2366.61 2353.32 2003 647.70 595.01 603.96 2451.90 2399.17 2382.31 1996-2003 Average 641.58 606.61 614.53 2281.15 2246.26 2236.85 Average Annual Real Net Worth ($1000) 1995 604.51 604.51 604.51 1978.47 1978.47 1977.37 1996 627.90 622.12 622.51 2080.47 2077.44 2070.45 1997 638.37 618.84 625.74 2164.43 2146.27 2141.57 1998 646.38 617.10 625.66 2233.64 2202.69 2197.44 1999 657.62 619.42 629.25 2309.65 2266.62 2260.08 2000 653.10 608.82 618.37 2369.82 2317.08 2308.02 2001 654.78 605.60 614.90 2394.21 2335.12 2322.48 2002 662.42 608.45 618.32 2452.46 2387.16 2373.87 2003 657.13 600.68 609.63 2488.11 2422.20 2405.34 1996-2003 Average 649.71 612.63 620.55 2311.60 2269.32 2259.91 NIA for Real Net Worth w/o Land Inflation 1996-2003 in Dollars ($1000) -12.39 2.58 0.00 -145.13 -133.45 -122.79 NIA for Real Net Worth w/o Land Inflation 1996-2003 as % Receipts (%) -2.20 0.47 0.00 -12.02 -11.31 -10.52 NIA for Total Real Net Worth 1996-2003 in Dollars ($1000) -15.10 0.00 0.00 -153.93 -134.34 -129.11 NIA for Total Real Net Worth 1996-2003 as % Receipts (%) -2.68 0.00 0.00 -12.74 -11.38 -11.06 ____________________________________________________________________________________________________