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Petitioner projected in the CEP for fiscal years 1986-89
that it would spend or accumulate the following amounts (in
thousands of dollars):
1986 1987 1988 1989
Category one:
Equip./constr. $1,960 $560 $1,155 $400
Pollution 60 -- 50 500
Land -- -- 50 1,500
Working capital 3,000 3,000 3,200 3,600
Self-ins. (liab.) 5,000 5,000 5,000 5,000
Self-ins. (herd) -- 3,300 3,900 3,900
Total $10,020 $11,860 $13,355 $14,900
Category two:
Equip./constr. $1,565 $1,650 $950 $3,500
Pollution -- 50 500 500
Land1 200 200 1,500 2,000
Herd expansion 1,425 1,425 1,575 1,575
Self-ins. (herd)2 -- -- 975 975
Total $3,190 $3,325 $5,500 $8,550
Category three:
Equip./constr.3 $1,115 $1,115 $1,8354 $1,195
Land -- -- 2,000 --
Herd expansion 1,425 1,425 1,575 1,575
Self-ins. (herd)2 -- 825 3,9005 975
Total $2,540 $3,365 $9,310 $3,745
Grand total $15,750 $18,550 $28,165 $27,195
1 In the projections for category two for 1988 and category
one for 1989, the $1,500,000 amount for land assumed petitioner
would buy 3,000 acres at $500 per acre. In the 1989 category two
projection, the $2,000,000 amount for land assumed petitioner
would buy 800 acres at $2,500 per acre.
2 These amounts were based on the assumption that petitioner
would expand its herd by 1,500 cows.
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