Table 11.  Implications of the Agricultural Market Transition Program
           (1995 Farm Bill) and December 1995 FAPRI Baseline on the
           Economic Viability of Representative Farms that Primarily
           Produce Cattle.
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                  MTB400    WYB300    COB250    STB400    MOSB150   MONB150
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Change in Real Net Worth w/o Land
Inflation 1996-200     1.61     12.22     -4.70    -11.17      6.57    -11.17

Change in Real Net Worth
1996-2002 (%)          4.92     12.81     -0.13     -5.80     11.66     -8.26

Government Payments to Receipts (%)
1996-2002 Average      0.00      0.00      0.00      0.00      3.17      2.50

Expenses to Receipts (%)
1996-2002 Average     77.66     73.10     74.12     89.59     65.95     87.38

Average Cash Receipts ($1000)
             1996    134.50    107.84     96.52    145.54    109.77    302.19
             1997    131.91    104.62     95.00    148.18    104.93    289.44
             1998    145.30    116.83    104.51    157.95    109.00    275.19
             1999    157.36    126.45    111.78    172.22    114.53    302.81
             2000    176.23    142.14    125.23    191.29    123.65    328.01
             2001    196.04    157.56    136.88    209.13    130.05    325.76
             2002    198.99    160.16    141.46    219.29    130.98    316.44
1996-2002 Average    162.91    130.80    115.91    177.66    117.56    305.69

Average Net Cash Income ($1000)
             1996     17.29     20.20     19.29      0.83     38.16     50.55
             1997     10.42     16.34     15.77      1.49     31.57     38.00
             1998     24.86     27.48     19.63      6.01     34.72     18.00
             1999     32.75     32.60     26.58     16.92     35.43     40.64
             2000     53.31     47.99     39.02     28.74     44.78     61.71
             2001     69.32     58.92     50.00     43.40     51.38     47.53
             2002     74.21     64.53     52.67     52.95     53.48     35.26
1996-2002 Average     40.31     38.29     31.85     21.48     41.36     41.67

Average Government Payments ($1000)
             1996      0.00      0.00      0.00      0.00      3.23      5.09
             1997      0.00      0.00      0.00      0.00      3.84      7.85
             1998      0.00      0.00      0.00      0.00      4.05      8.35
             1999      0.00      0.00      0.00      0.00      4.46     10.35
             2000      0.00      0.00      0.00      0.00      3.69      8.02
             2001      0.00      0.00      0.00      0.00      3.23      7.03
             2002      0.00      0.00      0.00      0.00      2.97      6.48
1996-2002 Average      0.00      0.00      0.00      0.00      3.64      7.59

Average Total Debt ($1000)
             1996     52.56     25.25     78.23    129.08     56.76     74.91
             1997     58.66     30.17     98.31    151.07     54.15    101.53
             1998     68.38     43.08    103.87    168.09     86.45    103.82
             1999     73.44     51.69     96.93    192.14     66.62    101.71
             2000     69.65     48.69     90.36    188.47     50.88    181.60
             2001     78.49     26.61     79.54    180.36     32.29    171.03
             2002     54.54     26.09     85.60    194.68     38.75    308.80
1996-2002 Average     65.10     35.94     90.40    171.98     55.13    149.06

Average Nominal Net Worth ($1000)
             1996   1222.28    659.47   1537.61   2355.63    660.22   1221.00
             1997   1228.13    658.78   1553.49   2400.99    680.53   1235.29
             1998   1254.12    685.54   1573.35   2423.88    704.07   1217.65
             1999   1293.01    711.84   1600.65   2463.25    726.79   1242.83
             2000   1353.70    758.91   1654.26   2519.67    765.16   1285.34
             2001   1430.47    811.58   1703.59   2502.62    792.95   1274.80
             2002   1465.00    850.35   1735.41   2530.01    817.68   1259.31
1996-2002 Average   1320.96    733.78   1622.62   2456.58    735.34   1248.03

NIA for Real Net Worth w/o Land Inflation 1996-2002
in Dollars ($1000)    -3.69    -13.06     10.00     47.90     -6.56     20.83

NIA for Real Net Worth w/o Land Inflation 1996-2002
as % Receipts (%)     -2.26     -9.98      8.86     26.96     -5.58      6.81

NIA for Total Real Net Worth 1996-2002
in Dollars ($1000)   -12.65    -14.80      0.00     24.59    -11.78     15.28

NIA for Total Real Net Worth 1996-2002
as % Receipts (%)     -7.76    -11.32      0.00     13.84    -10.02      5.00
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