Appendix Table A1. Comparison of Crop Prices for Alternative Policy Scenarios.
____________________________________________________________________________________________________
             1994     1995     1996     1997     1998     1999     2000     2001     2002     2003
____________________________________________________________________________________________________

 Corn ($/bu.)
 Baseline    2.15     2.31     2.24     2.11     2.21     2.22     2.25     2.32     2.29     2.38
 F T F A     2.15     2.31     2.21     2.13     2.27     2.22     2.31     2.35     2.36     2.44
 30% FLEX    2.15     2.31     2.30     2.16     2.28     2.26     2.28     2.35     2.33     2.41

Wheat ($/bu.)
 Baseline    3.47     3.35     3.14     2.99     3.01     3.15     3.33     3.39     3.46     3.57
 F T F A     3.47     3.35     3.09     2.89     2.94     3.11     3.39     3.48     3.54     3.65
 30% FLEX    3.47     3.35     3.11     2.86     2.87     3.06     3.33     3.43     3.50     3.62

Cotton ($/lb.)
 Baseline  0.6747   0.6376   0.6244   0.6134   0.5969   0.5915   0.5858   0.6138   0.5997   0.6161
 F T F A   0.6747   0.6376   0.6343   0.6064   0.5737   0.5806   0.5806   0.6159   0.5926   0.6188
 30% FLEX  0.6747   0.6376   0.6241   0.6108   0.5900   0.5874   0.5849   0.6174   0.6025   0.6210

Sorghum ($/bu.)
 Baseline    2.02     2.23     2.14     1.98     2.07     2.09     2.12     2.21     2.21     2.29
 F T F A     2.02     2.23     2.14     2.01     2.15     2.11     2.19     2.27     2.29     2.37
 30% FLEX    2.02     2.23     2.22     2.04     2.14     2.14     2.17     2.26     2.27     2.36

Soybeans ($/bu.)
 Baseline    5.35     5.48     5.67     5.63     5.59     5.67     5.75     5.89     6.06     6.12
 F T F A     5.35     5.48     5.50     5.39     5.32     5.46     5.54     5.75     5.94     6.00
 30% FLEX    5.35     5.48     5.45     5.46     5.40     5.48     5.55     5.69     5.87     5.93

Barley ($/bu.)
 Baseline    2.02     2.21     2.19     2.03     2.03     2.04     2.06     2.11     2.13     2.20
 F T F A     2.02     2.21     2.17     1.98     2.05     2.10     2.30     2.28     2.32     2.38
 30% FLEX    2.02     2.21     2.17     1.94     1.96     2.03     2.18     2.18     2.20     2.27

Oats ($/bu.)
 Baseline    1.23     1.29     1.37     1.32     1.31     1.33     1.36     1.40     1.40     1.42
 F T F A     1.23     1.29     1.37     1.32     1.32     1.33     1.37     1.42     1.43     1.44
 30% FLEX    1.23     1.29     1.37     1.30     1.30     1.32     1.35     1.39     1.40     1.42

Rice ($/cwt.)
 Baseline    6.31     6.55     6.52     6.55     6.68     6.78     6.96     7.00     7.15     7.39
 F T F A     6.31     6.55     7.89     7.13     7.39     7.55     7.75     7.79     8.01     8.21
 30% FLEX    6.31     6.55     6.98     6.87     6.97     7.10     7.29     7.33     7.49     7.73

Soybean Meal ($/ton)
 Baseline  150.80   160.98   166.95   166.00   167.93   171.80   178.95   185.01   189.41   194.66
 F T F A   150.80   160.98   162.92   160.82   162.42   166.79   174.54   181.32   187.22   191.76
 30% FLEX  150.80   160.98   162.81   162.70   164.70   168.53   175.32   181.26   185.93   191.10

All Hay ($/ton)
 Baseline   78.15    76.15    77.07    78.31    79.75    77.63    73.18    70.85    69.08    69.73
 F T F A    78.15    76.15    76.99    78.31    79.93    77.77    73.36    70.95    69.13    69.72
 30% FLEX   78.15    76.15    77.21    78.49    79.97    77.83    73.29    70.90    69.13    69.79
____________________________________________________________________________________________________
Source: Food and Agricultural Policy Research Institute (FAPRI) at the University
        of Missouri-Columbia and Iowa State University.

Appendix Table A2. Comparison of Loan Rates and Target Prices for Alternative Policy Scenarios.
____________________________________________________________________________________________________
             1994     1995     1996     1997     1998     1999     2000     2001     2002     2003
____________________________________________________________________________________________________

Loan Rate
 Corn ($/bu.)
 Baseline    1.89     1.83     1.84     1.80     1.80     1.78     1.80     1.80     1.80     1.82
 F T F A     1.89     1.83     1.60     1.56     1.56     1.55     1.56     1.56     1.59     1.62
 30% FLEX    1.89     1.83     1.84     1.82     1.82     1.81     1.84     1.84     1.84     1.85

Wheat ($/bu.)
 Baseline    2.58     2.56     2.65     2.65     2.62     2.56     2.50     2.50     2.55     2.65
 F T F A     2.58     2.56     2.30     2.30     2.26     2.19     2.13     2.13     2.21     2.33
 30% FLEX    2.58     2.56     2.65     2.65     2.62     2.51     2.43     2.43     2.49     2.64

Cotton ($/lb.)
 Baseline  0.5000   0.5192   0.5070   0.5230   0.5314   0.5314   0.5198   0.5105   0.5105   0.5066
 F T F A   0.5000   0.5192   0.4181   0.4336   0.4388   0.4388   0.4250   0.4125   0.4125   0.4092
 30% FLEX  0.5000   0.5192   0.5070   0.5229   0.5305   0.5305   0.5170   0.5066   0.5066   0.5043

 Sorghum ($/bu.)
  Baselin    1.80     1.74     1.75     1.71     1.71     1.69     1.71     1.71     1.71     1.73
  F T F A    1.80     1.74     1.52     1.49     1.49     1.47     1.49     1.49     1.51     1.55
  30% FLE    1.80     1.74     1.75     1.73     1.73     1.72     1.75     1.74     1.74     1.76

 Soybeans ($/bu.)
  Baselin    4.92     4.92     4.92     4.92     4.92     4.92     4.92     4.92     4.92     4.92
  F T F A    4.92     4.92     3.88     3.86     3.83     3.79     3.82     3.82     3.83     3.92
  30% FLE    4.92     4.92     4.92     4.92     4.92     4.92     4.92     4.92     4.92     4.92

 Barley ($/bu.)
  Baselin    1.54     1.49     1.50     1.47     1.47     1.45     1.46     1.46     1.46     1.48
  F T F A    1.54     1.49     1.44     1.46     1.44     1.46     1.48     1.48     1.50     1.56
  30% FLE    1.54     1.49     1.50     1.48     1.48     1.48     1.50     1.49     1.49     1.51

 Oats ($/bu.)
  Baselin    0.97     0.94     0.95     0.93     0.93     0.91     0.92     0.92     0.92     0.94
  F T F A    0.97     0.94     0.89     0.93     0.92     0.92     0.93     0.94     0.94     0.96
  30% FLE    0.97     0.94     0.95     0.94     0.94     0.93     0.95     0.94     0.94     0.95

 Rice ($/cwt.)
  Baselin    6.50     6.50     6.50     6.50     6.50     6.50     6.50     6.50     6.50     6.50
  F T F A    6.50     6.50     4.76     4.83     5.03     4.91     5.15     5.30     5.30     5.39
  30% FLE    6.50     6.50     6.50     6.50     6.50     6.50     6.50     6.50     6.50     6.50

Target Price
 Corn ($/bu.)
  Baselin    2.75     2.75     2.75     2.75     2.75     2.75     2.75     2.75     2.75     2.75
  F T F A    2.75     2.75     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
  30% FLE    2.75     2.75     2.75     2.75     2.75     2.75     2.75     2.75     2.75     2.75

 Wheat ($/bu.)
  Baselin    4.00     4.00     4.00     4.00     4.00     4.00     4.00     4.00     4.00     4.00
  F T F A    4.00     4.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
  30% FLE    4.00     4.00     4.00     4.00     4.00     4.00     4.00     4.00     4.00     4.00

 Cotton ($/lb.)
 Baseline  0.7290   0.7290   0.7290   0.7290   0.7290   0.7290   0.7290   0.7290   0.7290   0.7290
 F T F A   0.7290   0.7290   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000
 30% FLEX  0.7290   0.7290   0.7290   0.7290   0.7290   0.7290   0.7290   0.7290   0.7290   0.7290

Sorghum ($/bu.)
 Baseline    2.61     2.61     2.61     2.61     2.61     2.61     2.61     2.61     2.61     2.61
 F T F A     2.61     2.61     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
 30% FLEX    2.61     2.61     2.61     2.61     2.61     2.61     2.61     2.61     2.61     2.61

Barley ($/bu.)
 Baseline    2.36     2.36     2.36     2.36     2.36     2.36     2.36     2.36     2.36     2.36
 F T F A     2.36     2.36     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
 30% FLEX    2.36     2.36     2.36     2.36     2.36     2.36     2.36     2.36     2.36     2.36

Oats ($/bu.)
 Baseline    1.45     1.45     1.45     1.45     1.45     1.45     1.45     1.45     1.45     1.45
 F T F A     1.45     1.45     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
 30% FLEX    1.45     1.45     1.45     1.45     1.45     1.45     1.45     1.45     1.45     1.45

Rice ($/cwt.)
 Baseline   10.71    10.71    10.71    10.71    10.71    10.71    10.71    10.71    10.71    10.71
 F T F A    10.71    10.71     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
 30% FLEX   10.71    10.71    10.71    10.71    10.71    10.71    10.71    10.71    10.71    10.71
____________________________________________________________________________________________________
Source: Food and Agricultural Policy Research Institute (FAPRI) at the University
        of Missouri-Columbia and Iowa State University.

Appendix Table A3. Comparison of Fixed Deficiency Payment Rates for Alternative Policy Scenarios.
____________________________________________________________________________________________________
             1994     1995     1996     1997     1998     1999     2000     2001     2002     2003
____________________________________________________________________________________________________

 Corn ($/bu.)
 Baseline  0.5957   0.4329   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000
 F T F A   0.5957   0.4329   0.3096   0.2767   0.2993   0.2846   0.2358   0.1923   0.1806   0.1806
 30% FLEX  0.5957   0.4329   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000

Wheat ($/bu.)
 Baseline  0.5267   0.6513   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000
 F T F A   0.5267   0.6513   0.6943   0.6063   0.6428   0.6031   0.4952   0.4037   0.3787   0.3787
 30% FLEX  0.5267   0.6513   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000

Cotton ($/lb.)
 Baseline  0.0543   0.0832   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000
 F T F A   0.0543   0.0832   0.1214   0.1073   0.1152   0.1092   0.0904   0.0737   0.0692   0.0692
 30% FLEX  0.0543   0.0832   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000

Sorghum ($/bu.)
 Baseline  1.0550   0.6779   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000
 F T F A   1.0550   0.6779   0.5473   0.4691   0.4957   0.4670   0.3845   0.3132   0.2939   0.2939
 30% FLEX  1.0550   0.6779   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000

Barley ($/bu.)
 Baseline  0.3354   0.1644   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000
 F T F A   0.3354   0.1644   0.3290   0.2769   0.2864   0.2656   0.2157   0.1757   0.1647   0.1647
 30% FLEX  0.3354   0.1644   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000

Oats ($/bu.)
 Baseline  0.2250   0.1640   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000
 F T F A   0.2250   0.1640   0.1066   0.0847   0.0848   0.0770   0.0615   0.0499   0.0465   0.0465
 30% FLEX  0.2250   0.1640   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000

Rice ($/cwt.)
 Baseline  4.2100   4.2003   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000
 F T F A   4.2100   4.2003   3.7032   3.3362   3.6139   3.4402   2.8526   2.3265   2.1863   2.1863
 30% FLEX  4.2100   4.2003   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000   0.0000
____________________________________________________________________________________________________
Source: Food and Agricultural Policy Research Institute (FAPRI) at the University
        of Missouri-Columbia and Iowa State University.

Appendix Table A4. Comparison of Acreage Reduction Fractions and Non-Payment Fractions for
                   Alternative Policy Scenarios.
____________________________________________________________________________________________________
             1994     1995     1996     1997     1998     1999     2000     2001     2002     2003
____________________________________________________________________________________________________

Acreage Reduction Fractions
 Corn
  Baselin   0.000    0.075    0.050    0.050    0.050    0.050    0.025    0.025    0.000    0.000
  F T F A   0.000    0.075    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  30% FLE   0.000    0.075    0.050    0.050    0.050    0.050    0.025    0.025    0.000    0.000

 Wheat
  Baselin   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  F T F A   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  30% FLE   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000

 Cotton
  Baselin   0.109    0.000    0.000    0.050    0.100    0.100    0.100    0.100    0.100    0.100
  F T F A   0.109    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  30% FLE   0.109    0.000    0.000    0.050    0.100    0.100    0.100    0.100    0.100    0.100

 Sorghum
  Baselin   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  F T F A   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  30% FLE   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000

 Barley
  Baselin   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  F T F A   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  30% FLE   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000

 Oats
  Baselin   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  F T F A   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  30% FLE   0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000

 Rice
  Baselin   0.000    0.050    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  F T F A   0.000    0.050    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000
  30% FLE   0.000    0.050    0.000    0.000    0.000    0.000    0.000    0.000    0.000    0.000

Non-Payment
 Corn
  Baselin    0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15
  F T F A    0.15     0.15     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
  30% FLE    0.15     0.15     0.30     0.30     0.30     0.30     0.30     0.30     0.30     0.30

 Wheat
  Baselin    0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15
  F T F A    0.15     0.15     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
  30% FLE    0.15     0.15     0.30     0.30     0.30     0.30     0.30     0.30     0.30     0.30

 Cotton
  Baselin    0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15
  F T F A    0.15     0.15     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
  30% FLE    0.15     0.15     0.30     0.30     0.30     0.30     0.30     0.30     0.30     0.30

 Sorghum
  Baselin    0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15
  F T F A    0.15     0.15     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
  30% FLE    0.15     0.15     0.30     0.30     0.30     0.30     0.30     0.30     0.30     0.30

 Barley
  Baselin    0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15
  F T F A    0.15     0.15     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
  30% FLE    0.15     0.15     0.30     0.30     0.30     0.30     0.30     0.30     0.30     0.30

 Oats
  Baselin    0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15
  F T F A    0.15     0.15     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
  30% FLE    0.15     0.15     0.30     0.30     0.30     0.30     0.30     0.30     0.30     0.30

 Rice
  Baselin    0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15     0.15
  F T F A    0.15     0.15     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
  30% FLE    0.15     0.15     0.30     0.30     0.30     0.30     0.30     0.30     0.30     0.30
____________________________________________________________________________________________________
Source: Food and Agricultural Policy Research Institute (FAPRI) at the University
        of Missouri-Columbia and Iowa State University.

Appendix Table A5. Comparison of Assumed Rates of Change in Input Prices, Annual Interest
                   Rates, and Annual Rates of Change in Farmland Values by Region.
____________________________________________________________________________________________________
             1995     1996     1997     1998     1999     2000     2001     2002     2003
____________________________________________________________________________________________________

Annual Rate of Change for Input Prices Paid
Seed Prices (%)
Baseline     0.74     2.83     2.61     2.23     2.90     2.25     2.19     2.46     1.97
Fertilizer Prices (%)
Baseline     4.00    -4.67    -2.13     1.94     2.69     2.96     2.45     2.59     2.83
Chemical Prices (%
Baseline     3.64     4.32     3.24     3.53     2.74     3.10     2.91     2.87     2.95
Machinery Prices (%)
Baseline     1.40     2.06     2.44     2.58     2.69     2.92     3.03     2.99     3.01
Fuel and Lube Prices (%)
Baseline     2.77     2.75     3.22     3.88     5.17     5.12     4.38     4.41     4.53
Labor (%)
Baseline     1.63     1.83     1.67     2.11     2.69     2.86     2.91     3.00     3.13
Other Input Prices (%)
Baseline     1.31     2.71     3.20     3.23     3.29     3.44     3.55     3.43     3.41

Consumer Price Index
Baseline   153.35   158.69   164.28   169.97   175.99   182.33   188.95   195.76   202.70

Annual Interest Rates
Long-Term (%)
Baseline     8.16     8.21     8.03     7.83     7.51     7.12     6.80     6.82     6.78
Intermediate-Term (%)
Baseline     9.50     9.30     8.60     8.26     7.86     7.41     6.99     6.84     6.77
Savings Account (%)
Baseline     5.50     5.30     4.60     4.26     3.86     4.41     2.99     2.84     2.77

Annual Change in Farmland Values, by Region
Pacific Northwest (%)
Baseline             -1.23    -0.81    -0.82    -1.47    -0.85    -0.50    -0.46    -0.36
F T F A              -1.38    -1.55    -1.59    -1.00    -1.87    -0.90    -0.20    -0.22
30% FLEX             -1.38    -1.55    -1.59    -1.00    -1.87    -0.90    -0.20    -0.22
California (%)
Baseline              0.66     2.23     3.38     2.64     2.92     3.46     3.28     2.87
F T F A               0.66     2.15     3.25     2.53     2.87     3.40     3.00     2.20
30% FLEX              0.66     2.15     3.25     2.53     2.87     3.40     3.00     2.20
Mountain States (%)
Baseline             -1.23    -0.81    -0.82    -1.47    -0.85    -0.50    -0.46    -0.36
F T F A              -1.38    -1.55    -1.59    -1.00    -1.87    -0.90    -0.24    -0.22
30% FLEX             -1.38    -1.55    -1.59    -1.00    -1.87    -0.90    -0.24    -0.22
Midwestern States (%)
Baseline              0.82     1.75     1.35     1.33     1.33     2.29     2.49     2.71
F T F A               0.80     1.18     0.23     0.55     0.90     1.96     2.30     2.42
30% FLEX              0.80     1.18     0.23     0.55     0.90     1.96     2.30     2.42
Delta States (%)
Baseline             -1.04    -0.41    -0.86    -0.82    -1.54    -0.89    -1.09    -1.45
F T F A              -1.05    -1.24    -1.03    -1.39    -2.00    -0.98    -1.56    -1.59
30% FLEX             -1.05    -1.24    -1.03    -1.39    -2.00    -0.98    -1.56    -1.59
Southeastern States (%)
Baseline              1.11     1.18     0.14     0.90    -0.14     0.23     0.35     0.43
F T F A               1.11     1.09    -0.02     0.70    -0.37     0.00     0.23     0.40
30% FLEX              1.11     1.09    -0.02     0.70    -0.37     0.00     0.23     0.40
Northeastern States (%)
Baseline              0.82     1.75     1.35     1.33     1.33     2.29     2.49     2.71
F T F A               0.85     1.18     0.23     0.55     0.90     1.96     2.33     2.62
30% FLEX              0.85     1.18     0.23     0.55     0.90     1.96     2.33     2.62
Great Lakes States (%)
Baseline              0.82     1.75     1.35     1.33     1.33     2.29     2.49     2.71
F T F A               0.85     1.18     0.23     0.55     0.90     1.96     2.33     2.62
30% FLEX              0.85     1.18     0.23     0.55     0.90     1.96     2.33     2.62
Northern Great Plains (%)
Baseline              0.56     0.62     0.42     0.23     1.78     2.83     2.20     1.49
F T F A               0.60     0.06     0.00    -0.71     0.71     2.00     2.00     1.20
30% FLEX              0.60     0.06     0.00    -0.71     0.71     2.00     2.00     1.20
Texas (%)
Baseline              0.33     0.83     0.01    -0.22    -0.48     0.53    -1.00    -0.76
F T F A               0.38     0.43    -0.16    -0.90    -0.57     0.58    -1.40    -1.40
30% FLEX              0.38     0.43    -0.16    -0.90    -0.57     0.58    -1.40    -1.40
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Source: Food and Agricultural Policy Research Institute (FAPRI) at the University
        of Missouri-Columbia and Iowa State University.