Table A3. Characteristics of Panel Farms in Texas, California, and Mississippi Producing Cotton.
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                        TXSP1682    TXSP3697    TXRP1700   TXRP2500     TXBL1200    TXCB1700        CAC900       CAC3150     MSC1635      MSC3620
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County                   Dawson      Dawson      Jones       Jones     Williamson  San Patricio      Kern          Kern     Washington  Washington

Total Cropland            1682        3697        1700        2500        1200         1700           900          3150        1635        3620
 Acres Owned               653         705         170         400         250          300           600          3150         735        1650
 Acres Leased             1029        2992        1530        2100         950         1400           300             0         900        1970

Pastureland
 Acres Leased                0           0         250           0           0            0             0             0           0           0
 Non-Fed AUM"S Lease         0           0           0         500           0            0             0             0           0           0

Assets ($1000)
 Total                     661        1408         333         521         637          622          2347          9977        1576        3460
 Real Estate               301         381          80         235         269          291          1868          8644         959        2043
 Machinery                 346         942         212         228         324          284           400          1325         578        1274
 Other & Livestock          14          86          42          58          44           47            79             8          39         143

Debt/Asset Ratios*
 Total                    0.26        0.35        0.38        0.27        0.38         0.36          0.20          0.21        0.26        0.31
 Intermediate             0.31        0.41        0.44        0.34        0.53         0.51          0.23          0.36        0.36        0.47
 Long Run                 0.19        0.19        0.19        0.19        0.19         0.19          0.19          0.19        0.19        0.19

1996 Livestock
Beef Cows                    0           0          50          75           0            0             0             0           0           0

1996 Gross Receipts
Total                    286.2       921.2       222.1       353.3       288.2        567.2        1045.6        3594.2       819.8      1669.4

 Cattle                    0.0         0.0        12.4        17.7         0.0          0.0           0.0           0.0         0.0         0.0
                           0.0%        0.0%        5.6%        5.0%        0.0%         0.0%          0.0%          0.0%        0.0%        0.0%

 Cotton                  227.6       851.3       195.7       313.6       229.4        473.3         815.3        2859.1       711.0      1374.7
                          79.5%       92.4%       88.1%       88.8%       79.6%        83.4%         78.0%         79.5%       86.7%       82.3%

 Sorghum                   0.0         0.0         0.0         0.0        58.8         93.9           0.0           0.0         0.0         0.0
                           0.0%        0.0%        0.0%        0.0%       20.4%        16.6%          0.0%          0.0%        0.0%        0.0%

 Wheat                     0.0         0.0        14.0        22.0         0.0          0.0           0.0           0.0         0.0         0.0
                           0.0%        0.0%        6.3%        6.2%        0.0%         0.0%          0.0%          0.0%        0.0%        0.0%

 Soybeans                  0.0         0.0         0.0         0.0         0.0          0.0           0.0           0.0       108.8       294.7
                           0.0%        0.0%        0.0%        0.0%        0.0%         0.0%          0.0%          0.0%       13.3%       17.7%

 Hay                       0.0         0.0         0.0         0.0         0.0          0.0         230.3         735.1         0.0         0.0
                           0.0%        0.0%        0.0%        0.0%        0.0%         0.0%         22.0%         20.5%        0.0%        0.0%

 Additional Peanuts       48.4        61.4         0.0         0.0         0.0          0.0           0.0           0.0         0.0         0.0
                          16.9%        6.7%        0.0%        0.0%        0.0%         0.0%          0.0%          0.0%        0.0%        0.0%

 CRP                       7.3         8.6         0.0         0.0         0.0          0.0           0.0           0.0         0.0         0.0
                           2.6%        0.9%        0.0%        0.0%        0.0%         0.0%          0.0%          0.0%        0.0%        0.0%

 Other Income              2.9         0.0         0.0         0.0         0.0          0.0           0.0           0.0         0.0         0.0
                           1.0%        0.0%        0.0%        0.0%        0.0%         0.0%          0.0%          0.0%        0.0%        0.0%

1996 Planted Acres
Total                   1239.0      3164.0      1270.0      1933.0      1180.0       1700.0         865.0        3002.0      1565.0      3320.0

 Cotton                  961.0      2822.0      1070.0      1633.0       820.0       1190.0         640.0        2000.0       925.0      1700.0
                          77.6%       89.2%       84.3%       84.5%       69.5%        70.0%         74.0%         66.6%       59.1%       51.2%

 Sorghum                   0.0         0.0         0.0         0.0       360.0        510.0           0.0           0.0         0.0         0.0
                           0.0%        0.0%        0.0%        0.0%       30.5%        30.0%          0.0%          0.0%        0.0%        0.0%

 Wheat                     0.0         0.0       200.0       300.0         0.0          0.0           0.0           0.0         0.0         0.0
                           0.0%        0.0%       15.7%       15.5%        0.0%         0.0%          0.0%          0.0%        0.0%        0.0%

 Soybeans                  0.0         0.0         0.0         0.0         0.0          0.0           0.0           0.0       640.0      1620.0
                           0.0%        0.0%        0.0%        0.0%        0.0%         0.0%          0.0%          0.0%       40.9%       48.8%

 Hay                       0.0         0.0         0.0         0.0         0.0          0.0         225.0        1002.0         0.0         0.0
                           0.0%        0.0%        0.0%        0.0%        0.0%         0.0%         26.0%         33.4%        0.0%        0.0%

 Additional Peanuts       95.0       128.0         0.0         0.0         0.0          0.0           0.0           0.0         0.0         0.0
                           7.7%        4.0%        0.0%        0.0%        0.0%         0.0%          0.0%          0.0%        0.0%        0.0%

 CRP                     183.0       214.0         0.0         0.0         0.0          0.0           0.0           0.0         0.0         0.0
                          14.8%        6.8%        0.0%        0.0%        0.0%         0.0%          0.0%          0.0%        0.0%        0.0%
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 *Receipts for 1996 are included to indicate the relative importance of each enterprise to the farm. Percents indicate the percentage of the
  total receipts accounted for by the livestock categories and the crops.
**Acreages for 1996 are included to indicate the relative importance of each enterprise to the farm; these values reflect acreage reduction
  percentages that year. Total planted acreage may exceed total cropland available due to double cropping. Percents indicate the percentage
  of total planted acreage accounted for by the crop.