A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, February 3-7, 2003
Percent except as noted
_______________________________________________________________________________________________________________________________

                                                           $1,000 to  $10,000 to  $25,000 to  $50,000 to  $100,000 to  $250,000
Loan characteristic                             All sizes   $9,000     $24,000     $49,000     $99,000     $249,000    and over
_______________________________________________________________________________________________________________________________

Volume of loans (thousands of dollars)            681,410     36,176      63,894      84,332     131,563      216,146   149,300
Number of loans                                    20,626      9,863       4,364       2,481       2,002        1,516       400
Weighted average maturity (months) 1                34.10      12.08       13.81       18.66       38.18        43.96     39.32
Weighted average repricing interval (months) 2      12.71       6.36        5.87        9.08       13.95        12.06     19.03
Weighted average risk rating 3                       2.42       2.52        2.55        2.41        2.19         2.54      2.44

Weighted average interest rate 4                     6.54       7.35        7.05        6.67        6.51         6.55      6.08
  Standard error 5                                    .14        .13         .11         .10         .12          .28       .36
  Interquartile range 6
    75th percentile                                  7.38       8.03        7.67        7.50        7.25         7.25      7.25
    25th percentile                                  5.75       6.51        6.45        5.92        6.14         5.75      4.81
  Purpose of loan
    Feeder livestock                                 6.51       7.78        6.94        6.98        6.34         6.34      5.35
    Other livestock                                  6.86       7.43        7.09        6.66        7.01         6.61      n.a.
    Other current operating expenses 7               6.54       7.32        7.04        6.66        6.73         6.66      5.15
    Farm machinery and equipment                     6.80       7.49        7.31        6.39        6.70         6.62      6.97
    Farm real estate                                 6.33       6.02        6.35        6.67        5.74         6.06      7.32
    Other 8                                          6.41       7.38        7.39        6.65        6.58         7.36      6.13

Share of total loan volume
  Features of loan
    Floating rates                                  58.60      56.02       54.37       47.20       51.44        63.11     67.25
    Under commitment                                45.63      63.37       55.14       49.06       33.27        38.41     56.68
    Callable                                        28.70      21.07       31.82       29.18       18.16        34.31     30.11
  Purpose of loan
    Feeder livestock                                 9.01       3.70       10.24       17.52       15.48         6.18      3.36
    Other livestock                                  4.61      11.04        7.12        7.14        3.93         5.40      n.a.
    Other current operating expenses 7              50.54      68.21       64.45       52.71       54.18        51.28     34.81
    Farm machinery and equipment                    12.80      11.67       12.67       15.31        6.33        14.09     15.54
    Farm real estate                                13.00       1.65        3.28         .60       15.96        18.99     15.64
    Other 8                                         10.04       3.73        2.25        6.73        4.13         4.06     30.65
  Type of collateral
    Farm real estate                                24.15       5.66        7.39       15.21       23.61        35.00     25.64
    Other                                           72.63      87.45       87.35       81.21       74.48        62.45     70.99
_______________________________________________________________________________________________________________________________
   Note. Most small and mid-sized farm lenders that reported loans to farmers had less than $25 million in farm loans.
   For explanation of footnotes, see table A.8.
   n.a. Not available.

15