A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, May 5-9, 2003
Percent except as noted
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                                                           $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
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Volume of loans (thousands of dollars)            590,927     36,307      57,878      56,454      91,759      134,804   213,725
Number of loans                                    17,598      9,265       3,939       1,711       1,396          904       382
Weighted average maturity (months) 1                20.65      10.87       11.07       14.90       22.36        30.91     19.20
Weighted average repricing interval (months) 2       4.72       2.41        2.82        6.79        8.15         5.69      2.98
Weighted average risk rating 3                       3.22       3.21        3.25        3.16        3.11         3.02      3.38

Weighted average interest rate 4                     5.47       6.30        6.03        5.97        5.66         5.71      4.81
  Standard error 5                                    .23        .17         .19         .14         .09          .27       .46
  Interquartile range 6
    75th percentile                                  6.69       7.23        6.92        6.92        6.44         7.00      6.43
    25th percentile                                  4.33       5.36        4.86        5.00        4.86         4.33      3.32
  Purpose of loan
    Feeder livestock                                 4.78       5.97        6.28        6.15        5.84         5.31      3.59
    Other livestock                                  4.59       5.86        5.95        6.37        4.52         5.08      3.80
    Other current operating expenses 7               5.96       6.42        6.16        5.96        5.70         6.26      5.59
    Farm machinery and equipment                     5.98       6.37        5.67        5.82        5.75         5.33      6.53
    Farm real estate                                 6.13       6.44        6.45        6.31        6.34         6.31      5.68
    Other 8                                          4.77       5.80        5.51        5.78        5.45         5.00      4.18

Share of total loan volume
  Features of loan
    Floating rates                                  81.46      84.77       82.57       71.82       76.03        75.88     88.99
    Under commitment                                85.28      91.78       88.12       77.76       82.64        77.55     91.41
    Callable                                        22.73      35.01       35.88       35.04       29.75        31.64      5.20
  Purpose of loan
    Feeder livestock                                 9.81       4.77        5.53        9.50        8.84        10.45     11.93
    Other livestock                                  7.13       3.95        4.90        7.75        4.96         5.69      9.95
    Other current operating expenses 7              44.79      69.68       65.31       47.39       50.89        44.91     31.64
    Farm machinery and equipment                    10.11       8.19        9.15        9.30       12.31         9.40     10.40
    Farm real estate                                 4.05        .67        1.18        2.78        6.41         6.13      3.42
    Other 8                                         24.11      12.75       13.92       23.27       16.59        23.43     32.67
  Type of collateral
    Farm real estate                                15.80       5.38        7.15       13.15       13.74        20.51     18.52
    Other                                           75.47      84.10       84.99       82.15       82.66        70.61     69.63
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   Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans.
   For explanation of footnotes, see table A.8.

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