Table  2.  Maximum Deficiency Payment Rates for the Senate Farm Bill Provisions and
           Estimated Annual Fixed Payment Rates for the House Farm Bill Provisions.
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                                                Years
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Crop              1996     1997     1998     1999     2000     2001     2002
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Maximum Effective Deficiency Payment
Rate for Senate Provisions*

Wheat ($/bu.)    0.623    0.658    0.665    0.623    0.553    0.546    0.497

Corn ($/bu.)     0.371    0.371    0.399    0.392    0.371    0.378    0.385

Sorghum ($/bu.   0.413    0.413    0.441    0.427    0.413    0.420    0.427

Barley ($/bu.)   0.315    0.301    0.308    0.294    0.273    0.273     0.28

Cotton ($/lb.)   0.060    0.085    0.092    0.095    0.091    0.084    0.081

Rice ($/cwt.)    2.947    2.933    2.702    2.436    2.261    2.023    1.862



Fixed Farm Program Yield Payment
Rates for House Provisions

Wheat ($/bu.)     0.72     0.73     0.71     0.68     0.62     0.51     0.49

Corn ($/bu.)      0.32     0.32     0.31     0.30     0.28     0.23     0.22

Sorghum ($/bu.    0.32     0.32     0.30     0.29     0.27     0.22     0.21

Barley ($/bu.)    0.34     0.34     0.32     0.30     0.27     0.22     0.22

Cotton ($/lb.)   0.125    0.128    0.126    0.121    0.111    0.091    0.088

Rice ($/cwt.)     3.88     3.99     3.92     3.79     3.48     2.84     2.76
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* For comparison to House rates that are paid on all farm program yield units, the
  Senate deficiency payment caps are reduced to 70 percent of quoted rates to reflect
  the non-paid acreage component.