|
Table 3. Analysis of the Environmental Compliance Costs for Dairy Farms Assuming Continuation of the FAPRI Januarj' 1993 Baseline, Central and East | |||||||||||||
|
TXCM |
TXCL |
TXEM |
TXEL |
FLMD |
FLLD | ||||||||
|
BASE |
ENVIRO |
BASE |
ENVIRO |
BASE |
ENVIRO |
BASE |
ENVIRO |
BASE |
ENVIRO |
BASE |
ENVIRO | ||
|
Average Change in Real Net Worth (%) |
-33.32 |
-34.86 |
60.65 |
59.94 |
-36.02 |
-41.09 |
20.54 |
19.69 |
-45.75 |
-47.06 |
-5.24 |
-26.29 | |
|
Average Annual Ratio |
101.38 |
101.91 |
80.05 |
80.14 |
108.71 |
109.71 |
86.62 |
86.80 |
101.70 |
101.94 |
95.43 |
97.32 | |
|
Average Present Value |
483.0 |
471.91 |
3271.04 |
3256.46 |
340.09 |
313.13 |
3241.25 |
3218.42 |
529.01 |
516.20 |
3330.08 |
2590.30 | |
|
Average Annual Cash |
692.28 |
692.28 |
2063.96 |
2063.96 |
487.63 |
487.63 |
2167.21 |
2167.21 |
1035.94 |
1035.94 |
4332.08 |
4332.08 | |
|
t√> |
Average Annual Cash Expenses ($1000) |
701.36 |
705.03 |
1651.40 |
1653.34 |
529.52 |
534.41 |
1875.69 |
1879.67 |
1053.34 |
1055.89 |
4133.50 |
4215.43 |
|
Average Annual Net |
-9.08 |
-12.75 |
412.56 |
410.63 |
-41.89 |
-46.79 |
291.52 |
287.54 |
-34.12 |
-37.94 |
164.95 |
73.25 | |
|
Average Annual Net Cash Income ($1000) 1992 7.51 |
7.51 |
408.25 |
408.25 |
-23.36 |
-23.36 |
307.61 |
307.61 |
2.58 |
0.06 |
206.65 |
171.72 | ||
|
1993 |
-8.70 |
-12.34 |
358.48 |
352.50 |
-40.15 |
-45.91 |
223.02 |
220.06 |
-6.92 |
-10.43 |
200.00 |
115.67 | |
|
1994 |
-2.49 |
-7.30 |
448.04 |
441.54 |
-40.82 |
-47.28 |
296.78 |
289.56 |
-8.60 |
-12.37 |
254.48 |
162.25 | |
|
1995 |
-32.65 |
-38.86 |
374.30 |
373.31 |
-63.23 |
-70.60 |
245.97 |
239.61 |
-66.58 |
-70.63 |
53.89 |
-48.61 | |
|
1996 1997_______________________ |
405.99 417.82 |
405.8 417.82 |
291.96 316.17 |
286.45 312.49 |
-59.84 -65.35 |
-64.20 -70.08 |
108.63 166.05 |
-3.69 42.17 | |||||
Change in Real Net Worth—Percentage change in real net worth over the simulation period, 1992-1997.
Average Annual Ratio of Expenses to Receipts—Ratio of all cash expenses to all farm receipts including government payments.
Present Value Ending Net Worth—Discounted value of net worth in the last year simulated.
Annual Cash Receipts—Total cash receipts from crops, dairy, livestock, government payments and other farm related activities.
Annual Cash Expenses—Total cash costs for crops, dairy and livestock production, including interest costs and fixed cash costs; excludes depreciation.
Annual Net Cash Income—Total cash receipts minus total cash expenses; excludes family living expenses, principal payments and costs to replace capital assets.