Table  4.  Assumed Rates of Change in Input Prices and Annual Interest Rates
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                      1996     1997     1998     1999     2000     2001     2002  1996-2002
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Average Annual Rate of Change in Variable Cash Expenses
Corn (%)              0.93    -0.47     0.94     1.39     0.69     0.41     1.24     5.22

Wheat (%)             3.10    -1.92     0.28     2.16     0.93     0.18     1.47     6.29

Cotton (%)            3.43     0.74     1.55     1.93     1.50     1.40     1.98    13.19

Sorghum (%)          -0.33    -0.71     1.00     1.41     0.82     0.46     1.12     3.81

Soybeans (%)          0.92     0.70     0.90     1.26     0.98     1.12     1.43     7.54

Barley (%)            0.35    -0.47     0.84     1.81     1.26     0.51     1.47     5.90

Oats (%)              3.21    -1.43     0.17     1.55     1.70     1.34     1.63     8.40

Rice (%)              1.18     0.13     1.34     1.77     1.50     1.52     1.92     9.73

Dairy (%)            -1.91     0.76     2.88     3.56     3.88     3.76     4.44    18.52

Cattle (%)           -1.35    -0.12     0.32     0.77     0.67     0.51     1.07     1.87

Hogs (%)              3.53    -0.78     0.72     6.10     0.01    -1.69     2.56    10.70

Annual Interest Rates
Long-Term (%)         7.50     7.24     7.18     7.23     6.96     6.84     6.84

Intermediate-Term (%) 7.90     7.75     7.75     7.81     7.68     7.42     7.12

Savings Account (%)   3.90     3.75     3.75     3.81     3.68     3.42     3.12
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Source: Food and Agricultural Policy Research Institute (FAPRI) at the University of
Missouri-Columbia and Iowa State University.