Table C1.  Implications of Alternative Farm Programs Currently Under Consideration
           by Congress on a Moderate Size Representative Feed Grain Farm in Iowa.
__________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003      -20.59      -19.36      -25.02      -21.00      -42.38

Average Change in Real Net
Worth 1995-2003 (%)      -11.86      -11.55      -19.18      -15.16      -39.65

Average Annual Rate of Return to Assets (%)
1996-2003 Average          0.97        0.94        0.48        0.61       -0.93

Average Annual Net Cash Income ($1000)
               1995       37.15       37.15       37.15       37.15       37.15
               1996       41.64       39.61       36.46       37.73       23.58
               1997       34.48       32.28       29.05       26.46       15.63
               1998       30.34       34.42       31.56       34.15       22.41
               1999       33.43       37.51       34.30       34.90       25.78
               2000       38.63       36.69       33.35       34.48       25.60
               2001       44.08       42.25       39.17       39.94       31.78
               2002       49.40       47.41       44.51       43.68       36.38
               2003       49.21       47.37       44.57       46.11       36.32
1996-2003 Average         40.15       39.69       36.62       37.18       27.19

Average Annual Govt. Payments ($1000)
               1995       12.12       12.12       12.12       12.12       12.12
               1996       14.74       13.27       10.56       11.18        0.00
               1997       18.49       16.80       13.85        9.99        0.00
               1998       15.60       14.09       11.03       10.81        0.00
               1999       15.31       14.09       11.50       10.28        0.00
               2000       14.90       13.44       11.46        8.52        0.00
               2001       12.81       11.48        9.75        6.95        0.00
               2002       14.12       12.71       10.62        6.52        0.00
               2003       11.36       10.11        8.60        6.52        0.00
1996-2003 Average         14.67       13.25       10.92        8.85        0.00

Average Annual Real Net Worth w/o
Land Inflation ($1,000)
               1995      313.44      313.44      313.44      313.44      313.44
               1996      312.94      311.56      309.42      310.28      299.62
               1997      296.75      293.36      288.25      286.68      266.12
               1998      276.82      287.57      279.92      280.76      249.81
               1999      268.34      284.38      273.98      275.34      236.73
               2000      263.86      269.27      256.10      258.43      212.65
               2001      260.66      265.50      250.68      255.31      203.26
               2002      259.64      263.36      247.03      255.27      194.61
               2003      248.91      252.74      235.02      247.63      180.61
1996-2003 Average        273.49      278.47      267.55      271.21      230.43

Average Annual Real Net Worth ($1000)
               1995      313.44      313.44      313.44      313.44      313.44
               1996      314.17      312.76      310.60      311.46      300.78
               1997      301.47      297.61      291.52      289.96      264.21
               1998      284.02      293.46      282.97      283.81      241.66
               1999      277.95      292.10      277.59      278.95      227.03
               2000      275.83      279.05      261.08      263.41      203.41
               2001      277.28      279.68      259.51      264.14      199.03
               2002      281.36      282.48      260.47      268.70      195.93
               2003      276.25      277.24      253.31      265.92      189.15
1996-2003 Average        286.04      289.30      274.63      278.29      227.65

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)        11.58       13.69       16.06       14.83       23.23

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)         7.15        9.72       13.32       11.59       21.90
__________________________________________________________________________________

Table C2.  Implications of Alternative Farm Programs Currently Under Consideration
           by Congress on a Large Size Representative Feed Grain Farm in Iowa.
__________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       53.86       51.82       46.71       45.96       29.44

Average Change in Real Net
Worth 1995-2003 (%)       60.27       57.58       51.03       50.28       31.50

Average Annual Rate of Return to Assets (%)
1996-2003 Average          6.48        6.26        5.71        5.64        4.03

Average Annual Net Cash Income ($1000)
               1995       94.75       94.75       94.75       94.75       94.75
               1996       94.10       91.50       85.69       87.45       63.12
               1997       99.36       96.87       90.92       85.84       64.77
               1998      103.68      100.94       94.97       96.48       75.57
               1999      112.50      110.26      104.65      104.61       84.31
               2000      123.14      120.50      113.59      112.51       95.24
               2001      131.44      128.92      122.20      121.33      104.18
               2002      136.82      134.42      127.58      124.23      108.14
               2003      134.80      132.32      125.58      125.41      106.33
1996-2003 Average        116.98      114.47      108.15      107.23       87.71

Average Annual Govt. Payments ($1000)
               1995       19.27       19.27       19.27       19.27       19.27
               1996       23.43       21.10       16.80       17.78        0.00
               1997       29.40       26.70       22.02       15.89        0.00
               1998       24.81       22.40       17.54       17.19        0.00
               1999       24.35       22.40       18.29       16.34        0.00
               2000       23.69       21.36       18.22       13.54        0.00
               2001       20.37       18.25       15.50       11.04        0.00
               2002       22.45       20.21       16.88       10.37        0.00
               2003       18.06       16.08       13.67       10.37        0.00
1996-2003 Average         23.32       21.06       17.37       14.07        0.00

Average Annual Real Net Worth w/o
Land Inflation ($1,000)
               1995      407.56      407.56      407.56      407.56      407.56
               1996      423.21      422.00      419.26      420.10      406.81
               1997      452.89      450.48      444.89      443.58      421.15
               1998      478.87      475.46      467.50      466.39      434.72
               1999      509.47      505.10      494.82      493.86      453.56
               2000      540.07      534.57      521.27      519.93      472.89
               2001      572.44      565.87      549.77      548.04      493.90
               2002      601.37      593.83      575.19      572.50      512.73
               2003      627.08      618.77      597.94      594.88      527.55
1996-2003 Average        525.68      520.76      508.83      507.41      465.41

Average Annual Real Net Worth ($1000)
               1995      407.56      407.56      407.56      407.56      407.56
               1996      424.42      423.19      420.43      421.27      407.96
               1997      457.44      454.59      448.09      446.78      419.45
               1998      485.81      481.16      470.53      469.42      427.19
               1999      518.72      512.57      498.41      497.46      444.62
               2000      551.60      544.03      526.22      524.87      464.42
               2001      588.39      579.52      558.37      556.64      490.18
               2002      622.16      612.17      588.17      585.48      514.30
               2003      653.21      642.22      615.54      612.48      535.95
1996-2003 Average        537.72      531.18      515.72      514.30      463.01

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)       -49.40      -47.34      -40.93      -40.56      -22.33

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)       -53.24      -51.54      -45.25      -43.71      -24.71
__________________________________________________________________________________

Table C3.  Implications of Alternative Farm Programs Currently Under Consideration
           by Congress on a Moderate Size Representative Feed Grain Farm in Nebraska.
__________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       -6.59       -7.76       -9.99       -7.92      -22.78

Average Change in Real Net
Worth 1995-2003 (%)        2.81        0.73       -3.50       -1.43      -19.44

Average Annual Rate of Return to Assets (%)
1996-2003 Average          1.34        1.25        1.12        1.28        0.32

Average Annual Net Cash Income ($1000)
               1995       48.49       48.49       48.49       48.49       48.49
               1996       50.10       48.82       46.83       49.29       21.44
               1997       44.11       41.92       37.79       36.19       13.14
               1998       42.11       40.47       38.01       48.61       20.25
               1999       46.80       44.71       41.12       45.74       19.62
               2000       51.84       50.27       46.21       51.54       35.28
               2001       62.68       61.44       57.98       60.44       41.79
               2002       67.64       66.42       66.02       61.17       43.96
               2003       67.72       66.76       63.52       66.90       48.47
1996-2003 Average         54.12       52.60       49.69       52.49       30.49

Average Annual Govt. Payments ($1000)
               1995       28.06       28.06       28.06       28.06       28.06
               1996       34.12       30.74       24.46       25.89        0.00
               1997       42.82       38.89       32.07       23.14        0.00
               1998       36.13       32.62       25.55       25.03        0.00
               1999       35.46       32.62       26.64       23.80        0.00
               2000       34.50       31.11       26.53       19.72        0.00
               2001       29.67       26.58       22.58       16.08        0.00
               2002       32.70       29.44       24.59       15.10        0.00
               2003       26.30       23.42       19.91       15.10        0.00
1996-2003 Average         33.96       30.68       25.29       20.49        0.00

Average Annual Real Net Worth w/o
Land Inflation ($1,000)
               1995      856.00      856.00      856.00      856.00      856.00
               1996      849.68      848.44      846.54      848.88      822.27
               1997      833.68      830.39      824.68      825.16      778.58
               1998      809.96      805.22      797.40      805.97      735.93
               1999      805.77      799.24      788.41      801.01      708.73
               2000      793.84      786.07      771.84      789.05      697.40
               2001      802.46      793.91      777.02      796.45      688.48
               2002      805.18      795.80      784.48      794.01      670.04
               2003      799.55      789.56      770.52      788.24      660.99
1996-2003 Average        812.51      806.08      795.11      806.10      720.30

Average Annual Real Net Worth ($1000)
               1995      856.00      856.00      856.00      856.00      856.00
               1996      853.84      852.53      850.56      852.90      826.23
               1997      848.20      843.63      835.22      835.69      774.77
               1998      832.01      823.64      807.99      816.56      715.60
               1999      835.10      823.35      801.18      813.78      684.78
               2000      830.31      816.50      789.03      806.24      675.31
               2001      852.33      837.05      805.39      824.82      680.79
               2002      869.67      853.11      826.09      835.63      678.23
               2003      880.06      862.23      826.06      843.78      689.61
1996-2003 Average        850.19      839.00      817.69      828.68      715.67

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)        10.00       12.31       15.32       10.00       31.06

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)        -5.16        0.00        5.37        2.03       26.47
__________________________________________________________________________________

Table C4.  Implications of Alternative Farm Programs Currently Under Consideration
           by Congress on a Large Size Representative Feed Grain Farm in Nebraska.
__________________________________________________________________________________

                          Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       12.73       12.25       11.15       10.57        0.62

Average Change in Real Net
Worth 1995-2003 (%)       23.30       21.79       18.47       17.89        4.44

Average Annual Rate of Return to Assets (%)
1996-2003 Average          3.29        3.24        3.12        3.07        1.98

Average Annual Net Cash Income ($1000)
               1995      156.13      156.13      156.13      156.13      156.13
               1996      161.95      159.59      155.73      152.13       94.88
               1997      149.52      145.06      136.22      124.46       73.50
               1998      156.37      153.19      147.97      159.54       99.60
               1999      162.60      158.55      151.04      150.74       93.99
               2000      174.48      171.52      163.07      164.80      115.05
               2001      184.32      182.07      175.19      169.62      120.86
               2002      199.52      197.36      191.16      178.37      141.03
               2003      203.75      203.31      198.55      195.18      143.71
1996-2003 Average        174.06      171.33      164.86      161.86      110.33

Average Annual Govt. Payments ($1000)
               1995       61.86       61.86       61.86       61.86       61.86
               1996       75.22       67.75       53.92       57.08        0.00
               1997       94.39       85.72       70.70       51.01        0.00
               1998       79.64       71.90       56.32       55.18        0.00
               1999       78.17       71.90       58.72       52.47        0.00
               2000       76.05       68.58       58.49       43.47        0.00
               2001       65.40       58.58       49.78       35.45        0.00
               2002       72.08       64.89       54.20       33.29        0.00
               2003       57.98       51.62       43.88       33.29        0.00
1996-2003 Average         74.87       67.62       55.75       45.15        0.00

Average Annual Real Net Worth w/o
Land Inflation ($1,000)
               1995     1850.67     1850.67     1850.67     1850.67     1850.67
               1996     1885.36     1884.40     1882.84     1881.39     1851.42
               1997     1898.92     1895.99     1890.62     1883.57     1820.21
               1998     1922.95     1918.45     1910.66     1906.77     1820.54
               1999     1958.86     1952.97     1942.57     1939.78     1822.20
               2000     1988.81     1981.76     1968.31     1966.00     1826.64
               2001     2020.12     2012.09     1996.06     1992.36     1834.50
               2002     2066.00     2057.30     2039.01     2030.51     1863.01
               2003     2086.35     2077.29     2056.97     2046.33     1862.16
1996-2003 Average       1978.42     1972.53     1960.88     1955.84     1837.58

Average Annual Real Net Worth ($1000)
               1995     1850.67     1850.67     1850.67     1850.67     1850.67
               1996     1895.64     1894.53     1892.80     1891.34     1861.21
               1997     1934.38     1928.37     1916.51     1909.46     1811.57
               1998     1976.80     1963.56     1936.91     1933.02     1772.36
               1999     2030.45     2012.01     1974.30     1971.51     1765.54
               2000     2077.82     2056.20     2010.89     2008.59     1774.65
               2001     2141.60     2117.33     2065.76     2062.06     1817.39
               2002     2222.86     2196.87     2140.79     2132.28     1884.32
               2003     2281.95     2254.00     2192.45     2181.80     1932.85
1996-2003 Average       2070.19     2052.86     2016.30     2011.26     1827.49

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)       -54.37      -48.18      -43.77      -45.42        0.00

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)       -80.44      -73.09      -66.32      -63.56      -10.00
__________________________________________________________________________________

Table C5.  Implications of Alternative Farm Programs Currently Under Consideration
           by Congress on a Moderate Size Representative Feed Grain Farm in Missouri.
__________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003      -15.85      -17.65      -18.11      -20.79      -37.02

Average Change in Real Net
Worth 1995-2003 (%)       -5.41       -8.18      -10.76      -13.44      -33.01

Average Annual Rate of Return to Assets (%)
1996-2003 Average          1.43        1.32        1.38        1.41        0.00

Average Annual Net Cash Income ($1000)
               1995       48.07       48.07       48.07       48.07       48.07
               1996       44.26       42.26       39.12       39.48       19.21
               1997       38.60       36.47       33.43       28.33       11.87
               1998       40.52       38.38       35.14       36.24       16.55
               1999       45.14       42.83       38.93       38.13       20.18
               2000       51.35       48.96       44.82       45.60       25.44
               2001       54.87       55.53       51.70       52.40       32.18
               2002       54.28       51.81       53.57       56.60       36.74
               2003       58.57       56.02       57.78       51.95       36.37
1996-2003 Average         48.45       46.53       44.31       43.59       24.82

Average Annual Govt. Payments ($1000)
               1995       12.56       12.56       12.56       12.56       12.56
               1996       15.65       14.10       11.75       13.40        0.00
               1997       19.26       17.47       15.39       11.87        0.00
               1998       17.01       15.32       13.17       12.74        0.00
               1999       16.02       14.64       12.67       12.05        0.00
               2000       14.71       13.23       11.43        9.95        0.00
               2001       12.84       11.47        9.73        8.12        0.00
               2002       13.42       12.02       10.05        6.99        0.00
               2003       10.77        9.53        8.03        6.99        0.00
1996-2003 Average         14.96       13.47       11.53       10.26        0.00

Average Annual Real Net Worth w/o
Land Inflation ($1,000)
               1995      585.61      585.61      585.61      585.61      585.61
               1996      566.35      564.46      561.48      561.82      542.62
               1997      542.93      539.09      533.33      528.91      494.72
               1998      532.32      527.09      518.94      514.94      463.97
               1999      524.15      517.53      508.09      503.45      437.21
               2000      520.51      511.24      499.56      498.62      415.75
               2001      513.92      510.53      494.80      493.67      400.33
               2002      494.69      484.85      480.38      491.25      388.30
               2003      492.77      482.26      479.58      463.86      368.79
1996-2003 Average        523.46      517.13      509.52      507.07      438.96

Average Annual Real Net Worth ($1000)
               1995      585.61      585.61      585.61      585.61      585.61
               1996      569.78      567.84      564.81      565.15      545.90
               1997      554.26      549.49      541.78      537.36      492.75
               1998      549.49      541.63      527.79      523.79      450.38
               1999      546.94      536.54      518.87      514.23      421.35
               2000      548.82      535.15      513.87      512.93      401.55
               2001      552.27      543.98      517.53      516.40      396.89
               2002      543.94      528.88      513.02      523.89      396.68
               2003      553.91      537.70      522.59      506.88      392.27
1996-2003 Average        552.43      542.65      527.53      525.08      437.22

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)        15.81       18.46       20.15       20.26       34.22

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)         4.94        7.62       13.33       13.81       30.68
__________________________________________________________________________________

Table C6.  Implications of Alternative Farm Programs Currently Under Consideration
           by Congress on a Large Size Representative Feed Grain Farm in Missouri.
__________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       37.55       36.45       34.84       37.00       17.65

Average Change in Real Net
Worth 1995-2003 (%)       47.53       45.49       41.81       43.97       21.38

Average Annual Rate of Return to Assets (%)
1996-2003 Average          6.33        6.23        6.09        6.39        4.44

Average Annual Net Cash Income ($1000)
               1995      125.72      125.72      125.72      125.72      125.72
               1996      137.65      134.19      129.05      134.59       85.39
               1997      135.88      132.83      129.21      124.20       81.43
               1998      140.13      137.29      133.46      141.40       91.48
               1999      171.94      169.18      164.61      170.95      122.12
               2000      184.54      181.22      176.27      186.16      133.83
               2001      197.15      193.97      188.73      198.72      146.66
               2002      217.96      214.65      209.95      215.91      164.79
               2003      230.00      227.15      222.73      234.43      176.19
1996-2003 Average        176.91      173.81      169.25      175.79      125.24

Average Annual Govt. Payments ($1000)
               1995       23.18       23.18       23.18       23.18       23.18
               1996       28.86       25.99       21.62       24.57        0.00
               1997       35.54       32.25       28.33       21.78        0.00
               1998       31.33       28.22       24.16       23.39        0.00
               1999       29.56       27.03       23.32       22.13        0.00
               2000       27.22       24.48       21.14       18.28        0.00
               2001       23.74       21.22       17.99       14.90        0.00
               2002       24.87       22.29       18.64       12.88        0.00
               2003       19.96       17.68       14.90       12.88        0.00
1996-2003 Average         27.64       24.90       21.26       18.85        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995      969.18      969.18      969.18      969.18      969.18
               1996     1009.42     1007.99     1006.07     1008.16      980.32
               1997     1041.83     1038.96     1035.29     1035.81      980.77
               1998     1078.12     1074.04     1068.77     1070.98      990.69
               1999     1130.37     1124.86     1117.34     1122.93     1022.38
               2000     1168.57     1161.62     1151.73     1161.50     1038.44
               2001     1213.93     1205.69     1193.67     1207.71     1062.53
               2002     1276.89     1267.36     1253.45     1270.24     1104.70
               2003     1333.14     1322.49     1306.82     1327.81     1140.22
1996-2003 Average       1156.53     1150.37     1141.64     1150.64     1040.01

Average Annual Real Net Worth ($1000)
               1995      969.18      969.18      969.18      969.18      969.18
               1996     1014.69     1013.18     1011.18     1013.27      985.35
               1997     1059.58     1055.22     1048.40     1048.92      977.14
               1998     1105.04     1096.72     1082.31     1084.52      968.16
               1999     1166.13     1154.53     1133.78     1139.37      995.98
               2000     1213.00     1198.98     1173.66     1183.43     1014.53
               2001     1274.30     1258.20     1228.95     1243.00     1055.74
               2002     1354.62     1336.71     1304.49     1321.27     1116.73
               2003     1429.84     1410.03     1374.38     1395.37     1176.38
1996-2003 Average       1202.15     1190.45     1169.64     1178.64     1036.25

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)       -74.70      -71.77      -67.54      -73.23      -31.30

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)       -88.23      -86.07      -76.34      -82.85      -36.33
__________________________________________________________________________________

Table C7.  Implications of Alternative Farm Programs Currently Under Consideration
           by Congress on a Moderate Size Representative Feed Grain Farm in South
           Carolina.
__________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       40.16       38.28       32.45       31.23        6.05

Average Change in Real Net
Worth 1995-2003 (%)       41.94       39.84       33.53       32.30        4.04

Average Annual Rate of Return to Assets (%)
1996-2003 Average          7.42        7.22        6.58        6.46        3.74

Average Annual Net Cash Income ($1000)
               1995      115.64      115.64      115.64      115.64      115.64
               1996      122.77      119.01      108.97      108.08       54.94
               1997      115.47      111.83       98.86       86.03       44.11
               1998      119.32      115.61      101.95       99.67       59.93
               1999      129.47      125.74      112.32      109.03       65.63
               2000      138.24      134.86      123.52      124.34       75.84
               2001      148.82      146.03      138.03      138.04       89.20
               2002      162.80      159.87      152.58      150.48      102.99
               2003      170.97      167.85      158.74      161.10      109.58
1996-2003 Average        138.48      135.10      124.37      122.10       75.28

Average Annual Govt. Payments ($1000)
               1995       35.11       35.11       35.11       35.11       35.11
               1996       43.99       39.75       33.76       36.52        0.00
               1997       53.88       49.03       44.71       32.32        0.00
               1998       48.10       43.43       38.42       34.67        0.00
               1999       44.88       41.09       36.30       32.78        0.00
               2000       40.66       36.63       31.97       27.06        0.00
               2001       35.62       31.89       27.20       22.06        0.00
               2002       36.72       32.94       27.72       18.80        0.00
               2003       29.45       26.10       22.05       18.80        0.00
1996-2003 Average         41.66       37.61       32.77       27.88        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995      616.26      616.26      616.26      616.26      616.26
               1996      650.18      648.66      644.60      644.24      616.89
               1997      673.22      669.96      660.56      655.37      602.35
               1998      700.86      695.91      680.89      673.95      607.08
               1999      732.58      725.99      705.15      697.16      615.91
               2000      756.84      748.76      722.89      715.03      615.72
               2001      789.41      780.06      750.58      742.94      624.68
               2002      831.42      820.94      788.32      779.97      644.02
               2003      863.74      852.17      816.26      808.69      653.53
1996-2003 Average        749.78      742.81      721.16      714.67      622.52

Average Annual Real Net Worth ($1000)
               1995      616.26      616.26      616.26      616.26      616.26
               1996      654.29      652.77      648.71      648.35      621.04
               1997      681.68      678.29      668.62      663.43      600.77
               1998      708.95      703.64      687.86      680.92      596.21
               1999      743.67      736.45      714.25      706.26      598.07
               2000      766.33      757.33      729.43      721.57      592.21
               2001      798.94      788.40      756.23      748.59      607.80
               2002      841.53      829.70      794.09      785.75      631.65
               2003      874.75      861.80      822.87      815.31      641.18
1996-2003 Average        758.77      751.05      727.76      721.27      611.12

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)       -60.00      -56.71      -47.78      -45.00       -6.58

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)       -63.02      -58.53      -49.36      -47.09       -4.40
__________________________________________________________________________________

Table C8.  Implications of Alternative Farm Programs Currently Under Consideration
           by Congress on a Large Size Representative Feed Grain Farm in South
           Carolina.
__________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       52.20       50.75       47.98       47.86       30.13

Average Change in Real Net
Worth 1995-2003 (%)       54.29       52.61       49.31       49.19       28.18

Average Annual Rate of Return to Assets (%)
1996-2003 Average          9.29        9.13        8.81        8.78        6.61

Average Annual Net Cash Income ($1000)
               1995      340.85      340.85      340.85      340.85      340.85
               1996      368.27      360.06      345.69      355.72      235.91
               1997      361.19      351.54      334.91      318.72      219.46
               1998      393.89      385.01      368.49      359.48      258.48
               1999      415.04      405.40      387.61      388.62      275.86
               2000      451.75      443.01      424.95      421.46      303.36
               2001      469.79      464.30      443.88      453.21      342.50
               2002      488.58      483.18      472.66      466.50      367.06
               2003      504.58      500.22      491.69      498.59      397.07
1996-2003 Average        431.64      424.09      408.74      407.79      299.96

Average Annual Govt. Payments ($1000)
               1995       78.95       78.95       78.95       78.95       78.95
               1996       98.85       89.84       76.25       93.24        0.00
               1997      119.47      108.87       98.13       82.51        0.00
               1998      113.00      102.40       90.65       88.55        0.00
               1999      108.75       99.30       87.59       83.80        0.00
               2000      100.86       91.07       78.72       69.23        0.00
               2001       82.51       74.05       62.74       56.45        0.00
               2002       88.25       79.46       65.91       49.54        0.00
               2003       70.73       62.95       52.79       49.54        0.00
1996-2003 Average         97.80       88.49       76.60       71.61        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995     2017.37     2017.37     2017.37     2017.37     2017.37
               1996     2151.35     2146.92     2141.30     2144.82     2101.04
               1997     2270.32     2261.78     2249.03     2247.89     2155.67
               1998     2401.30     2388.05     2366.79     2362.03     2226.20
               1999     2535.70     2517.82     2487.82     2482.01     2302.12
               2000     2679.65     2657.72     2619.30     2613.15     2385.66
               2001     2789.58     2764.91     2718.21     2715.35     2442.06
               2002     2938.82     2911.60     2859.74     2854.30     2540.51
               2003     3070.43     3041.18     2985.34     2982.83     2625.28
1996-2003 Average       2604.64     2586.25     2553.44     2550.30     2347.32

Average Annual Real Net Worth ($1000)
               1995     2017.37     2017.37     2017.37     2017.37     2017.37
               1996     2166.29     2161.86     2156.24     2159.76     2116.14
               1997     2301.03     2292.02     2278.33     2277.18     2151.23
               1998     2431.21     2416.71     2392.79     2388.03     2189.76
               1999     2576.58     2556.54     2521.76     2515.95     2241.76
               2000     2715.38     2690.26     2644.71     2638.56     2305.92
               2001     2825.90     2797.05     2740.96     2738.09     2385.92
               2002     2977.54     2945.61     2883.32     2877.88     2500.57
               2003     3112.69     3078.64     3012.23     3009.71     2585.78
1996-2003 Average       2638.33     2617.34     2578.79     2575.65     2309.63

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)      -254.79     -248.11     -239.72     -231.86     -138.79

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)      -266.42     -258.51     -244.05     -240.30     -131.52
__________________________________________________________________________________

Table C9.  Implications of Alternative Farm Programs Currently Under Consideration
           by Congress on a Moderate Size Representative Feed Grain Farm in the
           Texas Northern Plains.
__________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003      -46.38      -48.60      -56.61      -55.66     -196.55

Average Change in Real Net
Worth 1995-2003 (%)      -46.90      -49.33      -57.80      -56.85     -196.78

Average Annual Rate of Return to Assets (%)
1996-2003 Average          0.68        0.53       -0.04        0.13       -6.89

Average Annual Net Cash Income ($1000)
               1995       55.92       55.92       55.92       55.92       55.92
               1996       42.03       40.86       37.54       39.57       -9.29
               1997       36.34       34.23       27.83       20.42      -21.30
               1998       34.15       32.50       26.17       29.77      -18.20
               1999       28.44       26.39       19.79       20.20      -33.01
               2000       32.68       31.19       25.41       29.73      -28.96
               2001       28.68       27.49       22.18       23.67      -19.40
               2002       24.77       23.30       17.89       16.93       -9.64
               2003       26.80       25.66       20.40       24.49       -7.46
1996-2003 Average         31.74       30.20       24.65       25.60      -18.41

Average Annual Govt. Payments ($1000)
               1995       39.89       39.89       39.89       39.89       39.89
               1996       43.44       39.26       33.19       41.47        0.00
               1997       53.85       49.05       44.54       36.31        0.00
               1998       48.35       43.52       38.92       38.71        0.00
               1999       44.84       40.90       36.34       36.52        0.00
               2000       40.18       36.04       31.38       30.11        0.00
               2001       34.86       31.02       26.33       24.53        0.00
               2002       35.02       31.18       26.06       21.03        0.00
               2003       28.04       24.62       20.32       21.03        0.00
1996-2003 Average         41.07       36.95       32.13       31.21        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995      450.64      450.64      450.64      450.64      450.64
               1996      433.71      432.60      429.46      431.38      385.09
               1997      418.77      415.72      406.67      401.66      317.33
               1998      390.72      386.51      373.00      369.16      246.78
               1999      352.66      346.67      327.46      324.07      155.96
               2000      335.09      327.89      303.92      304.40        0.00
               2001      301.19      293.09      264.94      266.70        0.00
               2002      265.31      256.10      223.85      224.75        0.00
               2003      241.61      231.61      195.51      199.83        0.00
1996-2003 Average        342.38      336.27      315.60      315.24       25.17

Average Annual Real Net Worth ($1000)
               1995      450.64      450.64      450.64      450.64      450.64
               1996      434.02      432.94      429.85      431.77      385.32
               1997      420.14      416.93      407.51      402.51      314.98
               1998      391.91      387.45      373.41      369.57      241.24
               1999      353.33      346.80      326.38      322.98      147.73
               2000      334.89      327.12      301.88      302.36        0.00
               2001      301.58      292.94      263.58      265.34        0.00
               2002      264.15      254.24      220.44      221.34        0.00
               2003      239.30      228.34      190.15      194.47        0.00
1996-2003 Average        342.41      335.84      314.15      313.79       20.42

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)        25.65       26.73       30.69       29.89       69.10

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)        26.46       27.13       31.32       30.59       69.23
__________________________________________________________________________________

Table C10.  Implications of Alternative Farm Programs Currently Under Consideration
            by Congress on a Large Size Representative Feed Grain Farm in the
            Texas Northern Plains.
__________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
__________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       37.36       35.94       30.70       34.10      -53.53

Average Change in Real Net
Worth 1995-2003 (%)       36.46       34.75       28.90       32.30      -54.05

Average Annual Rate of Return to Assets (%)
1996-2003 Average          5.31        5.22        4.88        5.17       -0.51

Average Annual Net Cash Income ($1000)
               1995      172.81      172.81      172.81      172.81      172.81
               1996      153.62      150.58      141.91      154.39       23.93
               1997      149.52      144.15      127.74      115.32        0.85
               1998      158.44      154.35      137.92      153.17       22.90
               1999      163.44      158.63      142.44      150.98        9.19
               2000      171.83      168.38      154.83      172.45       20.03
               2001      178.94      176.31      165.09      176.23       17.42
               2002      192.59      189.83      179.42      183.29       24.93
               2003      205.30      203.58      194.65      211.54       33.54
1996-2003 Average        171.71      168.23      155.50      164.67       19.10

Average Annual Govt. Payments ($1000)
               1995      103.79      103.79      103.79      103.79      103.79
               1996      110.32       99.71       84.33      108.10        0.00
               1997      137.02      124.83      113.62       94.46        0.00
               1998      123.31      110.91       99.59      100.60        0.00
               1999      114.10      103.99       92.62       94.88        0.00
               2000      101.87       91.30       79.48       78.19        0.00
               2001       88.24       78.44       66.52       63.71        0.00
               2002       88.05       78.28       65.35       54.57        0.00
               2003       70.47       61.76       50.71       54.57        0.00
1996-2003 Average        104.17       93.65       81.53       81.13        0.00

Average Annual Real Net Worth w/o
Land Inflation ($1,000)
               1995      960.76      960.76      960.76      960.76      960.76
               1996     1010.23     1008.66     1004.19     1010.62      900.53
               1997     1056.09     1051.69     1037.47     1035.51      824.25
               1998     1101.12     1094.50     1071.57     1076.59      764.09
               1999     1147.84     1138.79     1107.93     1117.54      689.53
               2000     1179.76     1168.99     1131.37     1149.70      611.09
               2001     1214.78     1203.03     1160.78     1184.23      536.83
               2002     1269.43     1256.44     1209.92     1235.03      486.87
               2003     1319.69     1306.02     1255.66     1288.35      446.45
1996-2003 Average       1162.37     1153.51     1122.36     1137.20      657.45

Average Annual Real Net Worth ($1000)
               1995      960.76      960.76      960.76      960.76      960.76
               1996     1010.78     1009.29     1004.96     1011.39      900.87
               1997     1059.32     1054.44     1039.21     1037.25      817.00
               1998     1103.52     1096.23     1071.80     1076.82      747.59
               1999     1148.51     1137.94     1103.69     1113.29      665.16
               2000     1177.73     1165.36     1124.17     1142.50      581.92
               2001     1214.16     1200.91     1155.26     1178.70      514.77
               2002     1264.22     1249.26     1198.39     1223.50      473.52
               2003     1311.02     1294.66     1238.43     1271.12      441.45
1996-2003 Average       1161.16     1151.01     1116.99     1131.82      642.79

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)       -56.26      -51.42      -41.00      -48.38       57.57

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)       -54.82      -50.44      -38.99      -47.53       58.13
__________________________________________________________________________________