Table 11. Implications of the Federal Agriculture Improvement and Reform Act of
1996 (1996 Farm Bill) and April 1996 FAPRI Baseline on the Economic
Viability of Representative Farms that Primarily Produce Cattle.
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MTB400 WYB300 COB250 STB400 MOSB150
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Change in Real Net Worth
1996-2002 (%) 13.08 6.07 6.31 -5.16 14.84
Government Payments to Receipts (%)
1996-2002 Average 0.00 0.00 0.00 0.00 2.54
Expenses to Receipts (%)
1996-2002 Average 59.34 87.09 78.26 97.12 67.95
Average Cash Receipts ($1000)
1996 115.42 88.39 87.99 129.12 105.86
1997 117.40 89.86 91.91 132.81 106.95
1998 137.73 106.04 103.31 152.39 112.77
1999 153.06 117.50 111.58 167.32 117.67
2000 170.90 130.58 121.53 187.17 124.02
2001 173.11 131.80 123.18 190.67 125.86
2002 186.78 142.17 130.55 204.45 131.30
1996-2002 Average 156.50 119.66 113.68 172.47 119.76
Average Net Cash Income ($1000)
1996 26.17 -1.41 9.32 -18.79 32.08
1997 26.54 -2.69 9.80 -18.26 29.53
1998 47.50 6.71 17.18 -6.50 35.01
1999 61.87 16.38 23.16 3.01 35.45
2000 82.88 27.34 30.25 17.89 42.82
2001 84.25 24.80 34.53 20.49 45.54
2002 96.90 36.24 41.83 30.66 51.71
1996-2002 Average 66.66 18.13 26.12 7.88 40.01
Average Government Payments ($1000)
1996 0.00 0.00 0.00 0.00 2.69
1997 0.00 0.00 0.00 0.00 2.97
1998 0.00 0.00 0.00 0.00 3.49
1999 0.00 0.00 0.00 0.00 3.36
2000 0.00 0.00 0.00 0.00 3.08
2001 0.00 0.00 0.00 0.00 2.48
2002 0.00 0.00 0.00 0.00 2.40
1996-2002 Average 0.00 0.00 0.00 0.00 2.96
Average Total Debt ($1000)
1996 74.96 41.20 101.34 154.87 74.78
1997 72.67 57.79 128.12 200.32 75.71
1998 74.69 78.13 136.09 229.71 107.31
1999 51.61 89.35 128.35 255.58 87.39
2000 18.70 100.92 116.92 256.41 73.72
2001 30.83 90.49 102.05 257.15 55.46
2002 15.96 106.02 102.04 296.22 67.31
1996-2002 Average 44.08 87.12 118.93 249.23 77.82
Average Nominal Net Worth ($1000)
1996 1540.57 549.57 1410.50 2349.15 592.79
1997 1582.82 543.80 1436.32 2414.32 611.41
1998 1669.04 573.92 1485.81 2494.42 650.47
1999 1739.45 597.19 1535.23 2511.32 676.80
2000 1829.26 636.92 1602.34 2554.01 712.95
2001 1906.77 649.73 1657.18 2572.24 738.14
2002 1998.19 693.21 1728.38 2611.45 773.34
1996-2002 Average 1787.59 615.80 1574.21 2526.29 693.85
NIA for Total Real Net Worth 1996-2002
in Dollars ($1000) -52.92 -4.88 -13.36 17.25 -16.18
NIA for Total Real Net Worth 1996-2002
as % Receipts (%) -33.81 -4.08 -11.75 10.00 -13.51
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