Table 3.  Projected Average Deficiency Payment Rates for the Senate Farm Bill
          Provisions and Effective Deficiency Payment Rates Assuming a 30
          Percent Non-Payment Fraction.
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                                                    Years
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                  1996     1997     1998     1999     2000     2001     2002
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Projected Average Annual Deficiency
Payment Rates

Wheat ($/bu.)    0.590    0.689    0.587    0.516    0.617    0.631    0.548

Corn ($/bu.)     0.369    0.421    0.417    0.425    0.376    0.349    0.341

Sorghum ($/bu.   0.326    0.429    0.409    0.429    0.359    0.351    0.300

Barley ($/bu.)   0.138    0.252    0.215    0.196    0.207    0.237    0.185

Cotton ($/lb.)   0.053    0.081    0.079    0.113    0.094    0.093    0.084

Rice ($/cwt.)    3.689    3.517    3.583    3.299    3.101    2.794    2.473



Effective Average Annual Deficiency
Payment Rates*

Wheat ($/bu.)    0.413    0.482    0.411    0.361    0.432    0.442    0.384

Corn ($/bu.)     0.258    0.295    0.292    0.297    0.264    0.244    0.238

Sorghum ($/bu.   0.229    0.300    0.286    0.300    0.251    0.246    0.210

Barley ($/bu.)   0.096    0.176    0.150    0.137    0.145    0.166    0.130

Cotton ($/lb.)   0.037    0.057    0.056    0.079    0.066    0.065    0.059

Rice ($/cwt.)    2.582    2.462    2.508    2.310    2.171    1.956    1.731
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* For comparison purposes the projected deficiency payment rates are reduced for
  a 30 percent non-paid acreage fraction.