Table C29.  Implications of Alternative Farm Programs Currently Under Consideration
            by Congress on a Large Size Representative Rice Farm in Arkansas
_______________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
_______________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003      -15.86      -22.39      -33.88      -34.99     -182.04

Average Change in Real Net
Worth 1995-2003 (%)      -22.61      -29.54      -41.91      -43.02     -186.59

Average Annual Rate of Return to Assets (%)
1996-2003 Average          1.85        1.31        0.46        0.54       -6.31

Average Annual Net Cash Income ($1000)
               1995       22.37       22.37       22.37       22.37       22.37
               1996       70.90       62.49       48.47       65.77      -32.11
               1997       70.97       62.75       49.82       30.76      -64.84
               1998       68.34       59.98       46.02       43.04      -63.63
               1999       70.43       61.71       47.35       48.54      -62.45
               2000       65.66       56.35       40.50       36.84      -72.25
               2001       64.72       54.80       38.08       24.69      -74.88
               2002       57.52       47.01       29.45       20.22      -55.46
               2003       29.33       21.11        7.65       24.72      -42.32
1996-2003 Average         62.23       53.28       38.42       36.82      -58.49

Average Annual Govt. Payments ($1000)
               1995       87.20       87.20       87.20       87.20       87.20
               1996      139.53      127.26      105.22       96.52        0.00
               1997      138.02      127.66      110.81       86.86        0.00
               1998      130.60      120.87      104.95       94.03        0.00
               1999      124.91      114.99       98.17       89.45        0.00
               2000      115.18      105.48       88.28       74.17        0.00
               2001      112.90      103.24       86.02       60.47        0.00
               2002      105.70       96.08       78.85       56.40        0.00
               2003       72.74       65.93       53.75       56.40        0.00
1996-2003 Average        117.45      107.69       90.76       76.79        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995      830.45      830.45      830.45      830.45      830.45
               1996      813.92      808.26      797.69      810.69      724.33
               1997      813.36      800.15      777.73      772.75      598.88
               1998      814.03      793.40      758.57      749.34      484.09
               1999      816.32      788.20      742.53      734.53      374.29
               2000      792.32      757.77      699.03      687.94      236.23
               2001      771.76      731.82      659.86      637.34        0.00
               2002      739.70      691.51      605.65      575.66        0.00
               2003      698.74      644.52      549.09      539.86        0.00
1996-2003 Average        782.52      751.95      698.77      688.51      155.41

Average Annual Real Net Worth ($1000)
               1995      830.45      830.45      830.45      830.45      830.45
               1996      805.46      799.80      789.19      802.19      716.35
               1997      799.78      785.37      760.25      755.27      580.70
               1998      793.54      771.50      733.51      724.27      453.75
               1999      789.43      759.15      708.69      700.68      335.86
               2000      756.26      719.01      654.29      643.20      190.77
               2001      729.74      687.06      609.02      586.50        0.00
               2002      691.21      639.75      546.72      516.74        0.00
               2003      642.69      585.14      482.39      473.17        0.00
1996-2003 Average        751.01      718.35      660.51      650.25      122.68

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)        22.21       28.57       40.92       42.16      119.63

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)        32.77       40.00       51.70       54.13      125.46
_______________________________________________________________________________________

Table C30.  Implications of Alternative Farm Programs Currently Under Consideration
            by Congress on a Large Size Representative Rice Farm in Louisiana.
_______________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
_______________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       31.82       24.14       10.26       19.62     -197.95

Average Change in Real Net
Worth 1995-2003 (%)       29.40       21.58        7.37       16.73     -199.56

Average Annual Rate of Return to Assets (%)
1996-2003 Average          2.35        1.77        0.76        1.39       -9.34

Average Annual Net Cash Income ($1000)
               1995       54.04       54.04       54.04       54.04       54.04
               1996       90.07       86.06       79.43       97.37       43.11
               1997       90.70       86.53       79.85       72.57       17.16
               1998       90.38       86.75       79.98       83.16       21.56
               1999       81.35       77.65       70.24       76.46       14.55
               2000       80.33       76.80       69.16       72.71       15.48
               2001       68.28       63.77       55.69       53.41        0.79
               2002       60.72       56.32       48.79       49.78        2.03
               2003       46.50       43.39       38.13       53.20       16.51
1996-2003 Average         76.04       72.16       65.16       69.83       16.40

Average Annual Govt. Payments ($1000)
               1995       50.50       50.50       50.50       50.50       50.50
               1996       82.92       75.33       61.56       55.65        0.00
               1997       81.59       75.20       64.38       50.14        0.00
               1998       77.04       71.09       60.89       54.32        0.00
               1999       73.88       67.80       57.18       51.70        0.00
               2000       68.34       62.39       51.75       42.88        0.00
               2001       67.08       61.17       50.59       34.96        0.00
               2002       62.83       56.94       46.39       32.85        0.00
               2003       42.42       38.47       31.35       32.85        0.00
1996-2003 Average         69.51       63.55       53.01       44.42        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995      242.54      242.54      242.54      242.54      242.54
               1996      263.35      261.67      259.42      266.37      240.48
               1997      281.66      277.98      272.67      277.55      215.25
               1998      309.44      304.20      295.66      301.16      197.91
               1999      319.64      312.50      299.92      308.72      159.86
               2000      342.99      333.96      316.88      328.66      133.94
               2001      339.41      326.62      302.84      312.42       76.91
               2002      331.87      315.56      285.79      296.04        0.00
               2003      319.72      301.09      267.42      290.12        0.00
1996-2003 Average        313.51      304.20      287.58      297.63       87.16

Average Annual Real Net Worth ($1000)
               1995      242.54      242.54      242.54      242.54      242.54
               1996      262.46      260.78      258.53      265.48      239.64
               1997      280.24      276.44      270.84      275.72      213.34
               1998      307.30      301.92      293.04      298.54      194.72
               1999      316.83      309.46      296.38      305.18      155.83
               2000      339.22      329.90      312.19      323.96      129.17
               2001      335.02      321.94      297.51      307.09       72.39
               2002      326.80      310.15      279.61      289.86        0.00
               2003      313.85      294.87      260.42      283.13        0.00
1996-2003 Average        310.22      300.68      283.56      293.62       83.73

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)       -12.25       -9.02       -3.61       -7.37       35.44

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)       -11.37       -8.13       -2.78       -6.41       36.05
_______________________________________________________________________________________

Table C31.  Implications of Alternative Farm Programs Currently Under Consideration
            by Congress on a Moderate Size Representative Rice Farm in Missouri.
_______________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
_______________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       63.78       61.19       56.32       60.46       31.40

Average Change in Real Net
Worth 1995-2003 (%)       59.55       56.74       51.40       55.54       28.37

Average Annual Rate of Return to Assets (%)
1996-2003 Average          9.33        9.05        8.50        8.99        5.40

Average Annual Net Cash Income ($1000)
               1995      187.78      187.78      187.78      187.78      187.78
               1996      236.82      228.88      215.44      243.61      154.20
               1997      228.15      219.82      205.46      202.03      121.29
               1998      242.08      233.94      221.15      235.83      148.63
               1999      251.71      243.29      228.68      243.97      157.15
               2000      257.24      250.52      234.60      247.97      166.56
               2001      263.80      257.82      245.09      244.64      175.45
               2002      265.96      259.86      248.17      252.16      185.78
               2003      256.65      254.00      247.23      266.29      200.45
1996-2003 Average        250.30      243.52      230.73      242.06      163.69

Average Annual Govt. Payments ($1000)
               1995       83.26       83.26       83.26       83.26       83.26
               1996      121.90      108.88       85.70       89.06        0.00
               1997      125.04      113.17       92.81       80.13        0.00
               1998      116.13      105.18       85.74       86.79        0.00
               1999      112.04      101.41       82.43       82.60        0.00
               2000      104.97       94.44       76.67       68.49        0.00
               2001      100.89       90.60       73.33       55.84        0.00
               2002       97.44       87.28       69.92       52.48        0.00
               2003       71.39       64.53       53.02       52.48        0.00
1996-2003 Average        106.23       95.69       77.45       70.98        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995      946.12      946.12      946.12      946.12      946.12
               1996     1032.49     1029.26     1024.01     1035.10      999.45
               1997     1094.60     1087.27     1074.75     1087.71     1010.55
               1998     1178.27     1167.40     1149.24     1166.34     1048.79
               1999     1260.60     1246.20     1222.06     1246.03     1088.92
               2000     1335.51     1317.96     1287.23     1317.01     1124.86
               2001     1414.69     1394.44     1357.46     1388.26     1166.39
               2002     1473.05     1450.15     1407.61     1439.65     1191.34
               2003     1549.58     1525.04     1479.00     1518.18     1243.22
1996-2003 Average       1292.35     1277.22     1250.17     1274.79     1109.19

Average Annual Real Net Worth ($1000)
               1995      946.12      946.12      946.12      946.12      946.12
               1996     1026.45     1023.22     1017.94     1029.03      993.70
               1997     1084.63     1076.56     1062.36     1075.32      997.73
               1998     1163.30     1151.56     1131.43     1148.54     1027.71
               1999     1240.99     1225.25     1198.14     1222.11     1062.16
               2000     1309.58     1290.37     1255.92     1285.70     1093.10
               2001     1384.47     1362.52     1321.77     1352.58     1135.41
               2002     1438.26     1413.33     1366.35     1398.39     1161.51
               2003     1509.58     1482.97     1432.40     1471.57     1214.57
1996-2003 Average       1269.66     1253.22     1223.29     1247.91     1085.74

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)      -140.80     -134.16     -120.34     -131.13      -62.01

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)      -132.41     -125.95     -115.01     -123.64      -58.29
_______________________________________________________________________________________

Table C32.  Implications of Alternative Farm Programs Currently Under Consideration
            by Congress on a Large Size Representative Rice Farm in Missouri.
_______________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
_______________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003       28.12       26.82       24.61       27.93        4.96

Average Change in Real Net
Worth 1995-2003 (%)       21.23       19.40       16.03       19.35        0.97

Average Annual Rate of Return to Assets (%)
1996-2003 Average          6.20        6.03        5.71        6.24        2.90

Average Annual Net Cash Income ($1000)
               1995      417.01      417.01      417.01      417.01      417.01
               1996      543.39      525.41      496.35      581.16      320.66
               1997      542.08      521.74      489.01      495.34      224.42
               1998      566.10      547.97      521.64      568.71      267.93
               1999      581.85      562.67      531.76      581.34      288.80
               2000      607.28      590.03      556.43      600.38      317.10
               2001      638.83      624.71      597.18      615.34      359.26
               2002      663.19      647.43      620.82      645.74      394.55
               2003      651.57      644.47      629.95      703.23      429.08
1996-2003 Average        599.28      583.05      555.39      598.91      325.22

Average Annual Govt. Payments ($1000)
               1995      215.71      215.71      215.71      215.71      215.71
               1996      320.11      286.36      226.12      243.28        0.00
               1997      326.90      295.94      243.58      218.56        0.00
               1998      311.02      281.95      232.04      236.53        0.00
               1999      302.24      273.19      223.60      225.02        0.00
               2000      283.80      255.39      207.31      186.57        0.00
               2001      265.75      238.68      192.73      152.11        0.00
               2002      258.89      232.01      184.94      142.93        0.00
               2003      188.19      170.19      139.48      142.93        0.00
1996-2003 Average        282.11      254.22      206.23      193.49        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995     3916.68     3916.68     3916.68     3916.68     3916.68
               1996     4081.42     4074.95     4064.49     4093.74     3996.96
               1997     4221.92     4206.48     4181.08     4222.73     3972.00
               1998     4372.27     4349.20     4312.37     4367.31     3985.87
               1999     4504.06     4473.49     4424.96     4500.48     3990.61
               2000     4633.60     4596.23     4534.91     4627.65     4004.07
               2001     4770.41     4727.70     4655.66     4756.77     4036.29
               2002     4905.78     4857.78     4776.46     4884.55     4075.75
               2003     5018.11     4967.25     4880.43     5010.50     4110.97
1996-2003 Average       4563.45     4531.64     4478.80     4557.97     4021.56

Average Annual Real Net Worth ($1000)
               1995     3916.68     3916.68     3916.68     3916.68     3916.68
               1996     4040.75     4034.28     4023.52     4052.77     3959.25
               1997     4160.64     4137.71     4095.60     4137.25     3882.18
               1998     4278.62     4246.84     4190.38     4245.32     3831.18
               1999     4380.69     4336.71     4258.48     4334.00     3795.67
               2000     4462.71     4408.64     4310.20     4402.94     3774.90
               2001     4571.36     4511.62     4401.94     4503.04     3829.62
               2002     4674.93     4606.63     4480.90     4588.98     3894.52
               2003     4748.19     4676.70     4544.50     4674.57     3954.55
1996-2003 Average       4414.74     4369.89     4288.19     4367.36     3865.23

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)      -269.01     -253.92     -227.73     -263.21      -36.86

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)      -217.92     -199.94     -173.75     -200.06        0.00
_______________________________________________________________________________________

Table C33.  Implications of Alternative Farm Programs Currently Under Consideration
            by Congress on a Moderate Size Representative Rice Farm in Texas.
_______________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
_______________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003     -900.04     -971.54    -1108.07    -1044.39    -1901.88

Average Change in Real Net
Worth 1995-2003 (%)     -904.96     -976.94    -1114.52    -1050.83    -1906.16

Average Annual Rate of Return to Assets (%)
1996-2003 Average        228.83       32.57       -3.57       14.22        3.06

Average Annual Net Cash Income ($1000)
               1995      -42.49      -42.49      -42.49      -42.49      -42.49
               1996       -3.56      -11.88      -27.24       -1.04      -96.36
               1997       -9.13      -17.68      -33.13      -40.81     -126.55
               1998      -19.89      -27.58      -41.66      -31.72     -123.08
               1999      -18.45      -25.63      -39.11      -27.49     -114.15
               2000      -19.36      -25.93      -38.31      -34.12     -106.45
               2001      -17.65      -23.82      -35.45      -44.52     -104.45
               2002      -28.87      -34.66      -45.28      -49.80     -107.03
               2003      -53.94      -55.39      -58.81      -42.89     -100.58
1996-2003 Average        -21.36      -27.82      -39.87      -34.05     -109.83

Average Annual Govt. Payments ($1000)
               1995       91.34       91.34       91.34       91.34       91.34
               1996      143.41      127.75      100.12      100.66        0.00
               1997      141.20      127.59      104.38       90.68        0.00
               1998      133.62      121.00       99.29       98.24        0.00
               1999      128.33      115.67       93.76       93.51        0.00
               2000      119.03      106.92       85.67       77.55        0.00
               2001      116.93      104.96       83.94       63.23        0.00
               2002      109.75       98.06       77.61       59.42        0.00
               2003       76.71       69.59       56.70       59.42        0.00
1996-2003 Average        121.12      108.94       87.68       80.34        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995      118.23      118.23      118.23      118.23      118.23
               1996       76.78       70.08       55.54       78.81        0.00
               1997        0.00        0.00        0.00        0.00        0.00
               1998        0.00        0.00        0.00        0.00        0.00
               1999        0.00        0.00        0.00        0.00        0.00
               2000        0.00        0.00        0.00        0.00        0.00
               2001        0.00        0.00        0.00        0.00        0.00
               2002        0.00        0.00        0.00        0.00        0.00
               2003        0.00        0.00        0.00        0.00        0.00
1996-2003 Average       -426.45     -479.57     -581.48     -534.25    -1208.28

Average Annual Real Net Worth ($1000)
               1995      118.23      118.23      118.23      118.23      118.23
               1996       76.29       69.61       55.09       78.37        0.00
               1997        0.00        0.00        0.00        0.00        0.00
               1998        0.00        0.00        0.00        0.00        0.00
               1999        0.00        0.00        0.00        0.00        0.00
               2000        0.00        0.00        0.00        0.00        0.00
               2001        0.00        0.00        0.00        0.00        0.00
               2002        0.00        0.00        0.00        0.00        0.00
               2003        0.00        0.00        0.00        0.00        0.00
1996-2003 Average          0.00        0.00        0.00        0.00        0.00

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)        83.47       89.61      100.84       97.37      176.23

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)        84.24       90.44      102.02       98.35      176.82
_______________________________________________________________________________________

Table C34.  Implications of Alternative Farm Programs Currently Under Consideration
            by Congress on a Large Size Representative Rice Farm in Texas.
_______________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
_______________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003     -468.39     -510.40     -636.68     -557.69    -1131.36

Average Change in Real Net
Worth 1995-2003 (%)     -469.94     -512.66     -640.51     -561.52    -1131.92

Average Annual Rate of Return to Assets (%)
1996-2003 Average         19.76       -7.13      -70.58       36.15      -11.13

Average Annual Net Cash Income ($1000)
               1995     -116.40     -116.40     -116.40     -116.40     -116.40
               1996      -11.24      -34.59      -78.21       -5.53     -218.96
               1997      -21.18      -45.42      -90.14      -98.85     -332.67
               1998      -43.98      -69.09     -116.50      -82.86     -298.41
               1999      -73.67      -77.53     -122.06      -84.28     -285.01
               2000      -74.94      -80.33     -121.18     -100.40     -263.75
               2001      -82.66      -90.09     -127.75     -138.42     -268.64
               2002      -88.12      -97.54     -131.49     -130.91     -250.15
               2003     -158.16     -160.16     -175.32     -124.70     -248.51
1996-2003 Average        -69.24      -81.84     -120.33      -95.75     -270.76

Average Annual Govt. Payments ($1000)
               1995      215.78      215.78      215.78      215.78      215.78
               1996      343.61      305.94      239.55      237.81        0.00
               1997      338.24      305.55      249.83      214.24        0.00
               1998      319.86      289.56      237.48      232.09        0.00
               1999      307.05      276.65      224.10      220.92        0.00
               2000      284.55      255.48      204.52      183.22        0.00
               2001      279.45      250.73      200.33      149.38        0.00
               2002      262.11      234.07      185.04      140.38        0.00
               2003      181.23      164.40      133.96      140.38        0.00
1996-2003 Average        289.51      260.30      209.35      189.80        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995      409.01      409.01      409.01      409.01      409.01
               1996      342.28      322.94      281.62      346.88      148.27
               1997      271.78      230.20      147.96      203.98        0.00
               1998      183.11        0.00        0.00        0.00        0.00
               1999        0.00        0.00        0.00        0.00        0.00
               2000        0.00        0.00        0.00        0.00        0.00
               2001        0.00        0.00        0.00        0.00        0.00
               2002        0.00        0.00        0.00        0.00        0.00
               2003        0.00        0.00        0.00        0.00        0.00
1996-2003 Average       -395.45     -568.62     -868.11     -677.97    -2215.62

Average Annual Real Net Worth ($1000)
               1995      409.01      409.01      409.01      409.01      409.01
               1996      343.36      324.11      282.93      348.19      149.11
               1997      276.22      234.13      150.78      206.80        0.00
               1998      187.08        0.00        0.00        0.00        0.00
               1999        0.00        0.00        0.00        0.00        0.00
               2000        0.00        0.00        0.00        0.00        0.00
               2001        0.00        0.00        0.00        0.00        0.00
               2002        0.00        0.00        0.00        0.00        0.00
               2003        0.00        0.00        0.00        0.00        0.00
1996-2003 Average          0.00        0.00        0.00        0.00        0.00

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)       135.74      153.11      187.48      168.62      344.61

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)       136.55      154.23      189.51      170.59      344.89
_______________________________________________________________________________________

Table C35.  Implications of Alternative Farm Programs Currently Under Consideration
            by Congress on a Moderate Size Representative Rice Farm in California.
_______________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
_______________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003      -14.88      -22.01      -33.86      -31.87     -227.95

Average Change in Real Net
Worth 1995-2003 (%)        2.56       -4.97      -17.68      -15.69     -211.48

Average Annual Rate of Return to Assets (%)
1996-2003 Average          2.43        1.77        0.56        0.82      -11.47

Average Annual Net Cash Income ($1000)
               1995       32.22       32.22       32.22       32.22       32.22
               1996       73.10       66.48       54.71       75.12      -12.54
               1997       70.93       64.21       52.52       42.96      -45.56
               1998       60.88       54.20       42.16       47.25      -47.15
               1999       56.94       49.98       37.29       44.93      -52.48
               2000       47.82       40.68       27.67       29.25      -63.66
               2001       45.46       37.95       24.70       15.09      -74.04
               2002       35.26       27.65       14.06        7.95      -75.38
               2003        1.46       -3.76      -11.06        2.22      -69.04
1996-2003 Average         48.98       42.17       30.26       33.10      -54.98

Average Annual Govt. Payments ($1000)
               1995       82.32       82.32       82.32       82.32       82.32
               1996      127.71      115.99       94.70       90.72        0.00
               1997      125.77      115.85       98.87       81.73        0.00
               1998      119.09      109.82       93.80       88.54        0.00
               1999      114.42      104.95       88.34       84.28        0.00
               2000      106.21       96.96       80.37       69.90        0.00
               2001      104.35       95.14       78.66       56.99        0.00
               2002       98.01       88.88       72.45       53.56        0.00
               2003       69.14       62.72       51.11       53.56        0.00
1996-2003 Average        108.09       98.79       82.29       72.41        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995      461.87      461.87      461.87      461.87      461.87
               1996      471.20      468.62      463.10      471.92      408.99
               1997      482.29      476.16      463.72      466.08      325.02
               1998      481.36      471.19      451.07      456.72      243.88
               1999      482.21      467.79      439.89      450.36      160.60
               2000      469.29      450.59      414.97      426.25       62.27
               2001      460.97      437.96      395.30      398.04        0.00
               2002      447.10      418.06      364.67      362.16        0.00
               2003      393.13      360.22      305.48      314.66        0.00
1996-2003 Average        460.94      443.82      412.28      418.27        8.72

Average Annual Real Net Worth ($1000)
               1995      461.87      461.87      461.87      461.87      461.87
               1996      473.44      470.85      465.33      474.15      411.22
               1997      492.92      486.67      474.04      476.39      335.61
               1998      504.88      494.43      473.75      479.40      265.61
               1999      515.64      500.80      472.02      482.49      190.56
               2000      513.67      494.48      457.84      469.12      103.07
               2001      518.47      494.88      451.03      453.77        0.00
               2002      516.99      486.99      431.60      429.08        0.00
               2003      473.69      438.92      380.21      389.39        0.00
1996-2003 Average        501.21      483.50      450.73      456.72       46.25

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)        12.61       17.96       27.34       25.17       96.23

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)        -1.89        3.88       14.28       12.64       82.64
_______________________________________________________________________________________

Table C36.  Implications of Alternative Farm Programs Currently Under Consideration
            by Congress on a Large Size Representative Rice Farm in California.
_______________________________________________________________________________________

                         Baseline    20%Flex     30%Flex     FTFA        NOPROG
_______________________________________________________________________________________

Average Change in Real Net Worth w/o Land
Inflation 1995-2003      -71.59      -88.37     -153.38      -91.57     -417.66

Average Change in Real Net
Worth 1995-2003 (%)      -48.30      -65.61     -131.75      -69.95     -395.65

Average Annual Rate of Return to Assets (%)
1996-2003 Average         -0.89       -2.14       -4.70       -1.98      -76.55

Average Annual Net Cash Income ($1000)
               1995      -52.83      -52.83      -52.83      -52.83      -52.83
               1996       47.03       20.85      -28.57       71.74     -179.51
               1997       35.00        8.39      -38.79      -29.62     -283.68
               1998       12.01      -14.74      -68.02       -9.93     -298.53
               1999      -12.68      -40.60      -93.79      -30.46     -331.35
               2000      -40.30      -69.34     -124.42      -76.08     -324.46
               2001      -65.99      -96.49     -146.33     -136.42     -321.77
               2002     -104.26     -136.54     -189.98     -165.88     -320.13
               2003     -186.96     -209.97     -265.90     -177.42     -314.66
1996-2003 Average        -39.52      -67.31     -119.48      -69.26     -296.76

Average Annual Govt. Payments ($1000)
               1995      236.88      236.88      236.88      236.88      236.88
               1996      356.52      318.04      250.03      261.06        0.00
               1997      351.29      317.78      260.36      235.19        0.00
               1998      333.14      301.99      248.21      254.79        0.00
               1999      320.41      289.14      234.88      242.52        0.00
               2000      298.00      268.04      215.37      201.14        0.00
               2001      292.92      263.26      211.21      163.98        0.00
               2002      275.54      246.63      195.88      154.11        0.00
               2003      198.95      180.48      147.06      154.11        0.00
1996-2003 Average        303.35      273.17      220.37      208.36        0.00

Average Annual Real Net Worth w/
Land Inflation ($1,000)
               1995     1030.67     1030.67     1030.67     1030.67     1030.67
               1996      996.23      981.94      946.56     1007.56      806.02
               1997      970.47      931.69      856.12      921.55      486.86
               1998      925.28      862.34      733.33      856.18      166.29
               1999      854.75      768.18      597.53      771.03        0.00
               2000      764.14      653.46      438.34      650.36        0.00
               2001      642.18      507.06      263.60      469.43        0.00
               2002      500.75      341.03       57.86      278.98        0.00
               2003      292.76      119.88        0.00       86.84        0.00
1996-2003 Average        743.32      645.70      417.90      630.24    -1038.20

Average Annual Real Net Worth ($1000)
               1995     1030.67     1030.67     1030.67     1030.67     1030.67
               1996     1003.20      988.90      953.53     1014.53      812.99
               1997     1002.57      963.43      887.28      952.71      518.84
               1998      995.74      931.97      801.31      924.16      231.46
               1999      954.72      866.95      693.69      867.19        0.00
               2000      896.72      784.61      566.48      778.50        0.00
               2001      813.75      676.92      429.93      635.76        0.00
               2002      709.13      546.57      257.48      478.60        0.00
               2003      532.85      354.47        0.00      309.73        0.00
1996-2003 Average        863.58      764.23      532.81      745.15        0.00

NIA for Real Net Worth w/o Land Inflation 1996-2003
in Dollars ($1000)       111.70      131.56      169.95      135.33      332.03

NIA for Total Real Net Worth 1996-2003
in Dollars ($1000)        66.22       87.41      128.45       94.70      291.44
_______________________________________________________________________________________