A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, November 3-7, 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)            787,864     32,225      53,811      65,685      92,698      179,342   364,103
Number of loans                                    16,444      7,811       3,587       1,926       1,417        1,178       525
Weighted average maturity (months) 1                14.32       7.28        7.87       10.12       10.88        17.62     15.89
Weighted average repricing interval (months) 2       2.57        .90        1.62        2.48        2.82         4.71      1.77
Weighted average risk rating 3                       3.45       3.41        3.38        3.30        3.41         3.36      3.56

Weighted average interest rate 4                     4.49       5.73        5.51        5.38        4.89         4.54      3.95
  Standard error 5                                    .12        .27         .29         .21         .21          .15       .18
  Interquartile range 6
    75th percentile                                  5.12       6.70        6.43        6.36        5.83         5.12      4.60
    25th percentile                                  3.31       4.60        4.45        4.27        4.06         3.68      3.03
  Purpose of loan
    Feeder livestock                                 3.99       5.46        5.73        5.55        5.22         4.41      3.42
    Other livestock                                  4.19       5.32        5.49        5.56        4.87         4.27      3.64
    Other current operating expenses 7               4.79       5.87        5.62        5.46        4.77         4.47      4.08
    Farm machinery and equipment                     4.96       5.77        5.51        5.81        5.33         4.62      4.56
    Farm real estate                                 5.86       5.55        3.70        5.28        5.01         6.31      5.81
    Other 8                                          4.23       5.09        4.90        4.67        4.58         4.45      4.05

Share of total loan volume
  Features of loan
    Floating rates                                  90.62      90.29       87.93       85.72       82.99        85.97     96.17
    Under commitment                                92.95      93.33       92.78       87.36       88.71        88.26     97.33
    Callable                                        17.08      24.63       22.51       26.09       22.43        20.83     10.78
  Purpose of loan
    Feeder livestock                                18.68       4.80        6.44        8.93       18.07        17.07     24.42
    Other livestock                                  8.06       4.10        4.17        4.97        9.77         9.57      8.36
    Other current operating expenses 7              38.46      75.82       68.14       65.98       44.99        39.10     23.82
    Farm machinery and equipment                     4.92       3.02        7.75        3.78        8.76         9.22      1.78
    Farm real estate                                 3.48        .48         .22        3.21        1.96         4.84      3.99
    Other 8                                         26.41      11.79       13.29       13.14       16.45        20.21     37.62
  Type of collateral
    Farm real estate                                 5.87       2.67        4.10        5.72        2.91         8.80      5.76
    Other                                           89.07      89.25       90.61       89.61       92.54        87.49     88.62
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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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