Table 12.  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 Hogs.
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                           ILH200     ILH450     INH150     INH600     NCH350     NCH12400   MOH100     MOH225
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Change in Real Net Worth
1996-2002 (%)               56.51      82.75      16.32      45.12      50.84      39.82      50.58      45.52

Government Payments to Receipts (%)
1996-2002 Average            2.81       2.08       3.58       2.71       0.00       0.00       2.36       2.08

Expenses to Receipts (%)
1996-2002 Average           71.91      71.14      84.20      83.97      80.13      89.16      69.08      71.14

Average Cash Receipts ($1000)
             1996          601.91    1278.97     490.50    1917.41     787.11   29144.73     228.34     584.80
             1997          639.68    1333.49     494.88    1947.72     816.92   30180.88     236.85     606.63
             1998          618.41    1286.35     478.41    1879.24     776.44   28785.80     231.98     582.83
             1999          578.24    1184.69     448.58    1752.57     697.73   26047.22     212.97     530.49
             2000          601.74    1245.68     470.34    1842.00     746.44   27760.36     227.61     564.45
             2001          633.49    1327.21     492.60    1939.96     809.71   29994.14     243.03     599.01
             2002          610.35    1254.82     473.71    1857.25     746.53   27763.49     228.91     563.75
1996-2002 Average          613.65    1272.04     476.42    1869.79     765.63   28421.99     230.22     574.53

Average Net Cash Income ($1000)
             1996          166.86     366.11     111.90     358.41     137.88    3537.73      67.47     163.29
             1997          202.28     419.15     106.93     387.75     172.07    4778.06      77.90     190.19
             1998          189.37     392.74      89.93     324.01     153.08    3928.76      73.56     170.97
             1999          153.39     300.10      62.33     209.53     107.92    1684.66      56.68     127.06
             2000          171.57     364.36      72.73     284.25     159.76    3133.21      70.90     162.52
             2001          201.10     435.95      80.53     372.86     216.07    4743.28      84.36     199.82
             2002          179.56     368.55      61.13     295.70     145.20    2145.67      70.41     164.42
1996-2002 Average          182.88     380.14      78.93     312.35     159.02    3402.27      72.30     169.16

Average Government Payments ($1000)
             1996           13.38      20.73      13.51      40.23       0.00       0.00       4.50       9.92
             1997           15.57      24.12      15.71      46.80       0.00       0.00       5.23      11.51
             1998           20.03      31.02      20.09      59.85       0.00       0.00       6.37      13.99
             1999           19.32      29.93      19.38      57.74       0.00       0.00       6.15      13.50
             2000           17.68      27.38      17.73      52.83       0.00       0.00       5.63      12.36
             2001           14.23      22.05      14.28      42.54       0.00       0.00       4.53       9.95
             2002           13.81      21.39      13.85      41.27       0.00       0.00       4.40       9.65
1996-2002 Average           16.77      25.98      16.84      50.17       0.00       0.00       5.38      11.83

Average Total Debt ($1000)
             1996          682.95    1295.82     684.71    1639.33     465.95    2405.76     240.83     661.32
             1997          593.48    1066.38     651.86    1589.24     391.06    1398.73     218.27     698.06
             1998          544.34     916.66     598.78    1429.78     307.62     887.40     198.34     638.26
             1999          537.34     790.75     675.57    1334.24     291.32     904.39     175.77     571.80
             2000          512.89     623.71     813.03    1320.21     242.21     682.15     161.28     506.27
             2001          466.12     355.09     779.51    1168.04     155.78     319.60     153.96     435.33
             2002          401.34     233.76     863.39    1485.34     115.55     405.58     135.71     379.82
1996-2002 Average          509.25     664.39     730.36    1387.81     250.59     766.31     173.89     538.26

Average Nominal Net Worth ($1000)
             1996          826.86    1734.14     764.14    2096.40     670.23    8031.73     336.66     842.62
             1997          920.70    2014.53     827.73    2378.17     773.81    9948.04     383.91     957.53
             1998         1010.48    2265.09     867.92    2541.82     820.82   10517.74     415.93    1016.94
             1999         1076.62    2444.02     898.93    2659.15     839.85    9643.90     437.37    1065.34
             2000         1160.89    2702.55     932.29    2866.26     924.93   11040.68     473.80    1149.97
             2001         1261.45    2962.63     956.71    3104.65    1032.48   13138.19     515.55    1252.89
             2002         1318.20    3158.30     961.29    3229.40    1059.69   12327.92     531.92    1300.87
1996-2002 Average         1124.72    2591.18     907.48    2796.58     908.60   11102.75     459.75    1123.92

NIA for Total Real Net Worth 1996-2002
in Dollars ($1000)         -97.37    -245.25     -19.37    -182.35     -76.07   -1294.66     -42.03     -93.76

NIA for Total Real Net Worth 1996-2002
as % Receipts (%)          -15.93     -19.36      -4.07      -9.75      -9.94      -4.56     -18.25     -16.32
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