REPRESENTATIVE FARMS ECONOMIC OUTLOOK FOR THE NOVEMBER 1997 FAPRI/AFPC BASELINE

The economic outlook for 72 representative feed grain, wheat, cotton, rice, beef cattle, hog and dairy farms in key production areas across the United States is projected for 1997-2002, using the November 1997 FAPRI/AFPC Baseline. The Baseline provides a seven year projection of crop and livestock prices, interest rates, and rates of inflation assuming no change in policy. Results of simulating the representative farms for the November 1997 Baseline are presented in terms of the likely effects on incomes, cash flows, assets, net worth, and overall economic viability of representative farms.