Appendix Table D1. Characteristics of Panel Farms in Iowa, Missouri, and Nebraska Producing Feed Grains.
____________________________________________________________________________________________________

                      IAG760   IAG1500  MOG1250  MOG2400  NEG800   NEG1575
____________________________________________________________________________________________________

Total Cropland             760     1500     1250     2400      800     1575
 Acres Owned               140      132      550      840      400     1040
 Acres Leased              620     1368      700     1560      400      535

Assets ($1000)
 Total                     474      567      782     1401     1159     2326
 Real Estate               302      282      553      902      792     1893
 Machinery                 148      242      229      435      258      336
 Other & Livestock          24       44        0       63      108       98

Debt/Asset Ratios*
 Total                    0.29     0.32     0.23     0.30     0.23     0.21
 Intermediate             0.51     0.44     0.29     0.51     0.32     0.28
 Long Run                 0.18     0.19     0.20     0.19     0.19     0.19

1994 Livestock
Beef Cows                    0        0        0        0      100        0

1994 Gross Receipts ($1000)*
Total                    199.9    278.8    221.5    450.0    361.0    647.9

 Cattle                    0.0      0.0      0.0      0.0     51.4      0.0
                           0.0%     0.0%     0.0%     0.0%    14.2%     0.0%

 Corn                    118.4    155.9     86.2    181.3    298.3    647.9
                          59.2%    55.9%    38.9%    40.3%    82.6%   100.0%

 Wheat                     0.0      0.0     24.5     46.0      0.0      0.0
                           0.0%     0.0%    11.0%    10.2%     0.0%     0.0%

 Soybeans                 81.6    122.8    110.9    222.7     11.0      0.0
                          40.8%    44.1%    50.0%    49.5%     3.1%     0.0%

 Hay                       0.0      0.0      0.0      0.0      0.3      0.0
                           0.0%     0.0%     0.0%     0.0%     0.1%     0.0%

1994 Planted Acres**
Total                    720.0   1460.0   1150.1   2300.0    800.0   1500.0

 Corn                    360.0    690.2    350.0    700.0    720.0   1500.0
                          50.0%    47.3%    30.4%    30.4%    90.0%   100.0%

 Wheat                     0.0      0.0    168.8    337.5      0.0      0.0
                           0.0%     0.0%    14.7%    14.7%     0.0%     0.0%

 Soybeans                360.0    769.8    631.3   1262.5     50.0      0.0
                          50.0%    52.7%    54.9%    54.9%     6.3%     0.0%

 Hay                       0.0      0.0      0.0      0.0     30.0      0.0
                           0.0%     0.0%     0.0%     0.0%     3.8%     0.0%

 *Receipts for 1994 are included to indicate the relative importance of each enterprise to the farm. Pe
   indicate the percentage of the total receipts accounted for by the livestock categories and the crop
**Acreages for 1994 are included to indicate the relative importance of each enterprise to the farm; th
   reflect acreage reduction percentages that year. Total planted acreage may exceed total cropland ava
   to double cropping. Percents indicate the percentage of total planted acreage accounted for by the c
____________________________________________________________________________________________________


Appendix Table D2. Characteristics of Panel Farms in Texas and South Carolina Producing Feed Grains.
____________________________________________________________________________________________________

                      TXNP1600 TXNP4500 SCG1500  SCG3500
____________________________________________________________________________________________________


Total Cropland            1600     4500     1500     3500
 Acres Owned               320      900      500     1400
 Acres Leased             1280     3600     1000     2100

Assets ($1000)
 Total                     605     1402      843     2720
 Real Estate               172      500      527     1816
 Machinery                 368      801      254      700
 Other                      66      101       62      204

Debt/Asset Ratios*
 Total                    0.23     0.33     0.29     0.29
 Intermediate             0.28     0.41     0.45     0.48
 Long Run                 0.15     0.19     0.20     0.19

1994 Gross Receipts ($1000)*
Total                    357.5    879.2    579.0   1241.8

 Corn                    174.0    369.0    234.0    520.7
                          48.7%    42.0%    40.4%    41.9%

 Sorghum                  73.1    221.1      0.0      0.0
                          20.4%    25.1%     0.0%     0.0%

 Wheat                   110.5    289.1    157.8    195.5
                          30.9%    32.9%    27.3%    15.7%

 Soybeans                  0.0      0.0    187.2    406.9
                           0.0%     0.0%    32.3%    32.8%

 Cotton                    0.0      0.0      0.0    118.8
                           0.0%     0.0%     0.0%     9.6%

1994 Planted Acres**
Total                   1392.0   4700.0   2250.0   4567.3

 Corn                    470.0   1048.0    637.5   1450.0
                          33.8%    22.3%    28.3%    31.7%

 Sorghum                 280.0    847.0      0.0      0.0
                          20.1%    18.0%     0.0%     0.0%

 Wheat                   642.0   1680.0    750.0   1100.0
                          46.1%    35.7%    33.3%    24.1%

 Soybeans                  0.0      0.0    862.5   1825.0
                           0.0%     0.0%    38.3%    40.0%

 Cotton                    0.0      0.0      0.0    192.3
                           0.0%     0.0%     0.0%     4.2%

 *Receipts for 1994 are included to indicate the relative importance of each enterprise to the farm. Pe
   indicate the percentage of the total receipts accounted for by the crop.
**Acreages for 1994 are included to indicate the relative importance of each enterprise to the farm; th
   reflect acreage reduction percentages that year. Total planted acreage may exceed total cropland ava
   to double cropping. Percents indicate the percentage of total planted acreage accounted for by the c
____________________________________________________________________________________________________


Appendix Table D3. Characteristics of Panel Farms in Washington, North Dakota, Kansas and Colorado
                   Producing Wheat.
____________________________________________________________________________________________________

                      WAW1276  WAW4250  NDW1600  NDW4000  KSW1175  KSW2800  COW2500  COW4000
____________________________________________________________________________________________________

Total Cropland            1276     4250     1600     4000     1175     2800     2500     4000
 Acres Owned               638     1700      400     1600      388      250     1650     2000
 Acres Leased              638     2550     1200     2400      787     2550      850     2000

Assets ($1000)
 Total                    1140     3162      380     1643      511      644      804     1188
 Real Estate               889     2362      193      792      290      333      664      912
 Machinery                 248      745      187      852      220      312      120      277
 Other                       3       55        0        0        0        0       20        0

Debt/Asset Ratios*
 Total                    0.21     0.20     0.31     0.36     0.32     0.20     0.20     0.21
 Intermediate             0.25     0.25     0.34     0.47     0.39     0.19     0.27     0.25
 Long Run                 0.19     0.19     0.28     0.24     0.27     0.21     0.19     0.19

1994 Gross Receipts ($1000)*
Total                    256.5    815.2    203.6    544.4    129.3    262.3    151.5    242.7

 Wheat                   176.5    552.2    103.1    315.0    120.2    252.9    108.1    186.9
                          68.8%    67.7%    50.7%    57.9%    92.9%    96.4%    71.4%    77.0%

 Sorghum                   0.0      0.0      0.0      0.0      9.1      9.4      0.0      0.0
                           0.0%     0.0%     0.0%     0.0%     7.1%     3.6%     0.0%     0.0%

 Barley                   16.1     48.1     44.9    120.1      0.0      0.0      0.0      0.0
                           6.3%     5.9%    22.1%    22.1%     0.0%     0.0%     0.0%     0.0%

 Dry Peas                 63.9    214.9      0.0      0.0      0.0      0.0      0.0      0.0
                          24.9%    26.4%     0.0%     0.0%     0.0%     0.0%     0.0%     0.0%

 Sunflowers                0.0      0.0     55.5    109.3      0.0      0.0      0.0      0.0
                           0.0%     0.0%    27.3%    20.1%     0.0%     0.0%     0.0%     0.0%

 Millet                    0.0      0.0      0.0      0.0      0.0      0.0     30.0     37.6
                           0.0%     0.0%     0.0%     0.0%     0.0%     0.0%    19.8%    15.5%

1994 Planted Acres**
Total                   1250.1   4200.0   1600.0   4000.0   1175.0   2800.0   2500.0   3500.0

 Wheat                   611.8   1915.2    800.0   2200.0   1100.0   2680.0   1100.0   1600.0
                          48.9%    45.6%    50.0%    55.0%    93.6%    95.7%    44.0%    45.7%

 Sorghum                   0.0      0.0      0.0      0.0     75.0    120.0      0.0      0.0
                           0.0%     0.0%     0.0%     0.0%     6.4%     4.3%     0.0%     0.0%

 Barley                  140.3    394.8    400.0   1000.0      0.0      0.0      0.0      0.0
                          11.2%     9.4%    25.0%    25.0%     0.0%     0.0%     0.0%     0.0%

 Dry Peas                498.0   1640.0      0.0      0.0      0.0      0.0      0.0      0.0
                          39.8%    39.0%     0.0%     0.0%     0.0%     0.0%     0.0%     0.0%

 Sunflowers                0.0      0.0    400.0    800.0      0.0      0.0      0.0      0.0
                           0.0%     0.0%    25.0%    20.0%     0.0%     0.0%     0.0%     0.0%

 Millet                    0.0      0.0      0.0      0.0      0.0      0.0    300.0    400.0
                           0.0%     0.0%     0.0%     0.0%     0.0%     0.0%    12.0%    11.4%

 Fallow                    0.0    250.0      0.0      0.0      0.0      0.0   1100.0   1500.0
                           0.0%     6.0%     0.0%     0.0%     0.0%     0.0%    44.0%    42.9%

 *Receipts for 1994 are included to indicate the relative importance of each enterprise to the farm. Pe
   indicate the percentage of the total receipts accounted for by the crop.
**Acreages for 1994 are included to indicate the relative importance of each enterprise to the farm; th
   reflect acreage reduction percentages that year. Total planted acreage may exceed total cropland ava
   to double cropping. Percents indicate the percentage of total planted acreage accounted for by the c
____________________________________________________________________________________________________


Appendix Table D4. Characteristics of Panel Farms in Texas Producing Cotton.
____________________________________________________________________________________________________

                      TXSP1360 TXSP3334 TXRP1700 TXRP2500 TXBL1200 TXCB1700
____________________________________________________________________________________________________

Total Cropland            1360     3334     1700     2500     1200     1700
 Acres Owned               340     1100      170      400      250      300
 Acres Leased             1020     2234     1530     2100      950     1400

Pastureland
 Acres Leased                0        0      250        0        0        0
Non-Fed AUM'S Leased         0        0        0      500        0        0
Federal AUM'S Leased         0        0        0        0        0        0

Assets ($1000)
 Total                     314      920      288      535      527      541
 Real Estate               148      497       74      218      244      266
 Machinery                 166      423      159      213      241      218
 Other & Livestock           0        0       54      104       42       57

Debt/Asset Ratios*
 Total                    0.40     0.30     0.26     0.24     0.29     0.29
 Intermediate             0.43     0.36     0.29     0.28     0.38     0.38
 Long Run                 0.36     0.24     0.19     0.19     0.19     0.19

1994 Livestock
Beef Cows                    0        0       50       75        0        0

1994 Gross Receipts ($1000)*
Total                    168.7    473.6    231.0    389.4    263.6    498.4

 Cattle                    0.0      0.0     16.9     24.3      0.0      0.0
                           0.0%     0.0%     7.3%     6.2%     0.0%     0.0%

 Cotton                  168.7    473.6    203.5    348.7    173.4    362.7
                         100.0%   100.0%    88.1%    89.5%    65.8%    72.8%

 Sorghum                   0.0      0.0      0.0      0.0     90.2    135.7
                           0.0%     0.0%     0.0%     0.0%    34.2%    27.2%

 Wheat                     0.0      0.0     10.6     16.4      0.0      0.0
                           0.0%     0.0%     4.6%     4.2%     0.0%     0.0%

1994 Planted Acres**
Total                    811.7   2227.5   1185.0   1808.4   1129.9   1625.9

 Cotton                  811.7   2227.5    985.0   1508.4    589.9    860.9
                         100.0%   100.0%    83.1%    83.4%    52.2%    52.9%

 Sorghum                   0.0      0.0      0.0      0.0    540.0    765.0
                           0.0%     0.0%     0.0%     0.0%    47.8%    47.1%

 Wheat                     0.0      0.0    200.0    300.0      0.0      0.0
                           0.0%     0.0%    16.9%    16.6%     0.0%     0.0%

 *Receipts for 1994 are included to indicate the relative importance of each enterprise to the farm. Pe
   indicate the percentage of the total receipts accounted for by the livestock categories and the crop
**Acreages for 1994 are included to indicate the relative importance of each enterprise to the farm; th
   reflect acreage reduction percentages that year. Total planted acreage may exceed total cropland ava
   to double cropping. Percents indicate the percentage of total planted acreage accounted for by the c
____________________________________________________________________________________________________


Appendix Table D5. Characteristics of Panel Farms in California and Mississippi Producing Cotton.
____________________________________________________________________________________________________

                      CAC900   CAC3150  MSC1635  MSC3620
____________________________________________________________________________________________________

Total Cropland             900     3150     1635     3620
 Acres Owned               600     3150      735     1650
 Acres Leased              300        0      900     1970

Assets ($1000)
 Total                    2190     9160     1482     3109
 Real Estate              1674     7908      878     1878
 Machinery                 431      994      560     1065
 Other                      85      258       45      166

Debt/Asset Ratios*
 Total                    0.21     0.17     0.23     0.24
 Intermediate             0.26     0.02     0.28     0.31
 Long Run                 0.19     0.19     0.19     0.19

1994 Gross Receipts ($1000)*
Total                    958.1   3308.9    763.9   1544.5

 Cotton                  717.7   2545.6    664.2   1274.2
                          74.9%    76.9%    86.9%    82.5%

 Soybeans                  0.0      0.0     99.7    270.3
                           0.0%     0.0%    13.1%    17.5%

 Hay                     240.5    763.3      0.0      0.0
                          25.1%    23.1%     0.0%     0.0%

1994 Planted Acres**
Total                    795.2   2784.0   1464.1   3134.7

 Cotton                  570.2   1782.0    824.1   1514.7
                          71.7%    64.0%    56.3%    48.3%

 Soybeans                  0.0      0.0    640.0   1620.0
                           0.0%     0.0%    43.7%    51.7%

 Hay                     225.0   1002.0      0.0      0.0
                          28.3%    36.0%     0.0%     0.0%

 *Receipts for 1994 are included to indicate the relative importance of each enterprise to the farm. Pe
   indicate the percentage of the total receipts accounted for by the crop.
**Acreages for 1994 are included to indicate the relative importance of each enterprise to the farm; th
   reflect acreage reduction percentages that year. Total planted acreage may exceed total cropland ava
   to double cropping. Percents indicate the percentage of total planted acreage accounted for by the c
____________________________________________________________________________________________________


Appendix Table D6. Characteristics of Panel Farms in California, Texas, Missouri, Arkansas, and Louisiana
                   Producing Rice.
____________________________________________________________________________________________________

                      CAR424   CAR1300  TXR1500  TXR3900  MOR1900  MOR4000  ARR1260  LAR1100
____________________________________________________________________________________________________

Total Cropland             424     1300     1500     3900     1900     4000     1260     1100
 Acres Owned               212      500      150      780      200     2000      440       50
 Acres Leased              212      800     1350     3120     1700     2000      820     1050

Assets ($1000)
 Total                     606     1610      395     1109     1145     5214     1271      296
 Real Estate               444     1289      137      520      469     3647      688       72
 Machinery                 161      320      258      589      526     1253      568      197
 Other                       1        0        0        0      150      314       14       26

Debt/Asset Ratios*
 Total                    0.20     0.27     0.46     0.43     0.23     0.26     0.28     0.20
 Intermediate             0.22     0.42     0.38     0.47     0.25     0.40     0.39     0.20
 Long Run                 0.20     0.23     0.62     0.39     0.19     0.19     0.19     0.19

1994 Gross Receipts ($1000)*
Total                    288.8    776.4    330.9    805.9    664.1   1701.8    445.8    288.5

 Medium Grain Rice       288.8    776.4      0.0      0.0      0.0      0.0    165.3     82.8
                         100.0%   100.0%     0.0%     0.0%     0.0%     0.0%    37.1%    28.7%

 Long Grain Rice           0.0      0.0    330.9    805.9    265.0    705.5    151.7    156.0
                           0.0%     0.0%   100.0%   100.0%    39.9%    41.5%    34.0%    54.1%

 Soybeans                  0.0      0.0      0.0      0.0    130.5    345.0    107.0     49.7
                           0.0%     0.0%     0.0%     0.0%    19.7%    20.3%    24.0%    17.2%

 Corn                      0.0      0.0      0.0      0.0    268.6    507.5      0.0      0.0
                           0.0%     0.0%     0.0%     0.0%    40.4%    29.8%     0.0%     0.0%

 Wheat                     0.0      0.0      0.0      0.0      0.0      0.0     20.8      0.0
                           0.0%     0.0%     0.0%     0.0%     0.0%     0.0%     4.7%     0.0%

 Cotton                    0.0      0.0      0.0      0.0      0.0    143.7      0.0      0.0
                           0.0%     0.0%     0.0%     0.0%     0.0%     8.4%     0.0%     0.0%

 Other Income              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%     0.2%     0.0%

1994 Planted Acres**
Total                    400.0   1020.0    425.0   1105.0   1900.0   3956.4   1283.4    900.0

 Medium Grain Rice       400.0   1020.0      0.0      0.0      0.0      0.0    311.8    175.0
                         100.0%   100.0%     0.0%     0.0%     0.0%     0.0%    24.3%    19.4%

 Long Grain Rice           0.0      0.0    425.0   1105.0    510.0   1020.0    290.0    325.0
                           0.0%     0.0%   100.0%   100.0%    26.8%    25.8%    22.6%    36.1%

 Soybeans                  0.0      0.0      0.0      0.0    650.0   1600.0    558.3    400.0
                           0.0%     0.0%     0.0%     0.0%    34.2%    40.4%    43.5%    44.4%

 Corn                      0.0      0.0      0.0      0.0    740.0   1080.0      0.0      0.0
                           0.0%     0.0%     0.0%     0.0%    38.9%    27.3%     0.0%     0.0%

 Wheat                     0.0      0.0      0.0      0.0      0.0      0.0    123.3      0.0
                           0.0%     0.0%     0.0%     0.0%     0.0%     0.0%     9.6%     0.0%

 Cotton                    0.0      0.0      0.0      0.0      0.0    256.4      0.0      0.0
                           0.0%     0.0%     0.0%     0.0%     0.0%     6.5%     0.0%     0.0%

 *Receipts for 1994 are included to indicate the relative importance of each enterprise to the farm. Pe
   indicate the percentage of the total receipts accounted for by the crop.
**Acreages for 1994 are included to indicate the relative importance of each enterprise to the farm; th
   reflect acreage reduction percentages that year. Total planted acreage may exceed total cropland ava
   to double cropping. Percents indicate the percentage of total planted acreage accounted for by the c
____________________________________________________________________________________________________