Table A8.  Characteristics of Representative Cow/Calf Ranches in Montana, Wyoming,
           Colorado, Texas and Missouri.
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                         MTB400     WYB300     COB300     TXB400     MOB150
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County                   Custer    Washakie     Routt    Gonzales     Dade

Total Cropland               0        200        400        400        440
 Acres Owned                 0        200        300        400        320
 Acres Leased                0          0        100          0        120

Pastureland
 Acres Owned             14000       1000       1800       2000        320
 Pasture Acres               0          0          0       1200         80
 Federal AUM's Leased     1350       1500        250          0          0
 Non-Fed AUM's Leased      450        160        630          0          0

Assets ($1000)
 Total                    1552        576       2697       2334        650
 Real Estate              1260        345       2400       2135        406
 Machinery                  97         75        105         44        157
 Other & Livestock         195        156        192        156         87

Debt/Asset Ratios
 Total                    0.01       0.04       0.01       0.02       0.09
 Intermediate             0.01       0.08       0.01       0.16       0.17
 Long Run                 0.01       0.01       0.01       0.01       0.05
                                                                                                                                           4
1996 Livestock
 Beef                      400        300        300        400        150

1996 Gross Receipts*
Total                    103.4       87.7      139.5      128.1      106.8

 Cattle                  103.2       87.4      123.8      125.0       47.6
                         99.80%     99.70%     88.80%     97.60%     44.60%

 Hay                       0.3        0.3        3.7        3.1        6.6
                          0.20%      0.30%      2.60%      2.40%      6.20%

 Sorghum                   0.0        0.0        0.0        0.0       12.9
                          0.00%      0.00%      0.00%      0.00%     12.10%

 Wheat                     0.0        0.0        0.0        0.0       15.4
                          0.00%      0.00%      0.00%      0.00%     14.40%

 Soybeans                  0.0        0.0        0.0        0.0       24.3
                          0.00%      0.00%      0.00%      0.00%     22.70%

 Other Receipts            0.0        0.0       12.0        0.0        0.0
                          0.00%      0.00%      8.60%      0.00%      0.00%

1996 Planted Acres**
Total                      440        200        400        480        720

 Hay                     440.0      200.0      400.0      400.0      400.0
                        100.00%    100.00%    100.00%     83.30%     55.60%

 Sorghum                   0.0        0.0        0.0        0.0       80.0
                          0.00%      0.00%      0.00%      0.00%     11.10%

 Wheat                     0.0        0.0        0.0        0.0       80.0
                          0.00%      0.00%      0.00%      0.00%     11.10%

 Soybeans                  0.0        0.0        0.0        0.0      160.0
                          0.00%      0.00%      0.00%      0.00%     22.20%

 Oats                      0.0        0.0        0.0       80.0        0.0
                          0.00%      0.00%      0.00%     16.70%      0.00%
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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.