Typical New England Dairy Farm, 1997                                    Attachment 3
Compact Payment Impact on Net Farm Earnings*
	Per Cow	Farm
Avg. Herd Size	88	88
Price of Milk	$              14.60	$              14.60
Compact price	$0.47
Lbs. Sold per Cow	16,458	1,448,304
Milk Income per Cow	$              2,403	211,452
+ Cattle Income	118	10,384
+ Crop Income	57	5,016
+ Other Income	124	10,912
Value of Farm Production	$              2,702	$          237,764
Adj. Cash Operating Expenses	$              2,277	200,376
Depreciation	223	19,624
Adj. Farm Operating Expenses	$              2,500	$          220,000
Net Farm Earnings	$                202	$            17,764
+ Net Nonfarm Income	78	6,864
-Family Living & Taxes	286	25,168
Net Earnings	-6	-540
Per Cwt.	-0.04
Compact Payment Impact on Net Farm Earnings*
Net Farm Earnings w/Compact	$                202	$            17,764
Compact Producer Price Payment	$78	$6,807
Net Farm Earnings w/o Compact	$                124	$10,957
Source: Special analysis developed for Northeast Farm Credit Associations by James
Putnam II, First Pioneer Farm Credit.  Data combined from US Census of Agriculture,
1997, NASS/USDA; Milk Production, Disposition and Income Summary, 1997,
NASS/USDA; and the Northeast Dairy Farm Summary, 1997, Northeast Farm Credit
Associations.
*Analysis added by Compact Commission