IMPACTS OF EPA DAIRY WASTE REGULATIONS ON FARM PROFITABILITY



Table 3. Analysis of the Environmental Compliance Costs for Dairy Farms Assuming Continuation of the FAPRI Januarj' 1993 Baseline, Central and East
________
Texas and Florida.___________________________________________________________________________________________________________________________

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
ExpenseZReceipts (%)

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
End Net Worth ($1000)

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
Receipts ($1000)

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√>
O

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
Cash Income ($1000)

-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.



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