Gustafson's Dairy, Inc. - Page 18

                                        -18-                                          
                                   CATEGORY ONE                                       
                                  Projected           Actual expenses in             
               Year                  expenses           following year                
          3/31/87                                                                     
          Equip./constr.           $560,000                 $865,043                  
          Pollution                     0                   0                         
          Land                          0                   0                         
          3/31/88                                                                     
          Equip./constr.           1,155,000           1,157,335                      
          Pollution                50,000              21,616                         
          Land                     50,000                   0                         
          3/31/89                                                                     
          Equip./constr.           400,000                  847,859                   
          Pollution                500,000                  139,868                   
          Land                     1,500,000              0                           
               Total               $4,215,000          $3,031,721                     

                                   CATEGORY TWO                                       
                                                       Actual expenses                
                                   Projected           in second and                  
          Year                     expenses            third years                    
          3/31/87                                                                     
          Equip./constr.           $1,650,000          $2,005,194                     
          Pollution                50,000              161,484                        
          Land                     200,000                  0                         
          Herd expansion           1,425,000                0                         
          3/31/88                                                                     
          Equip./constr.           950,000             1,758,299                      
          Pollution                500,000             1,241,695                      
          Land                     1,500,000           2,249,625                      
          Herd expansion           1,575,000                0                         
          3/31/89                                                                     
          Equip./constr.           3,500,000           1,672,171                      
          Pollution                500,000             1,487,947                      
          Land                     2,000,000           2,249,625                      
          Herd expansion          1,575,000              0                            
               Total          $15,425,000         $12,826,040                         

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