Table  3.  Projected Fixed Payment Rates and Loan Rates
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                        1996     1997     1998     1999     2000     2001     2002
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Fixed Payment Rates
 Corn ($/bu.)         0.2698   0.3730   0.4009   0.3864   0.3531   0.2842   0.2756

Wheat ($/bu.)         0.6771   0.6435   0.6843   0.6564   0.5971   0.4803   0.4656

Cotton ($/lb.)        0.0795   0.0761   0.0817   0.0788   0.0720   0.0579   0.0561

Sorghum ($/bu.)       0.6334   0.7961   0.8462   0.8084   0.7364   0.5927   0.5752

Barley ($/bu.)        0.3135   0.2944   0.3103   0.2964   0.2690   0.2155   0.2104

Oats ($/bu.)          0.0485   0.0472   0.0521   0.0458   0.0453   0.0340   0.0339

Rice ($/cwt.)         1.7474   2.6919   2.8985   2.7982   2.5620   2.0662   2.0012



Loan Rates
 Corn ($/bu.)           1.89     1.89     1.89     1.89     1.89     1.85     1.84

Wheat ($/bu.)           2.58     2.58     2.58     2.58     2.58     2.58     2.58

Cotton ($/lb.)        0.5192   0.5192   0.5192   0.5192   0.5192   0.5192   0.5192

Sorghum ($/bu.)         1.80     1.80     1.80     1.80     1.80     1.76     1.75

Soybeans ($/bu.)        4.92     4.92     4.92     4.92     4.92     4.92     4.92

Barley ($/bu.)          1.54     1.54     1.54     1.54     1.54     1.51     1.50

Oats ($/bu.)            0.97     0.97     0.97     0.97     0.97     0.95     0.94

Rice ($/cwt.)           6.50     6.50     6.50     6.50     6.50     6.50     6.50
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Source: Food and Agricultural Policy Research Institute (FAPRI) at the University
of Missouri-Columbia and Iowa State University.