A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, August 1-5, 2005
Percent except as noted
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Loan characteristic                               All    Minimal   Low    Moderate  Acceptable  Special  Not rated  Not reported
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Volume of loans (thousands of dollars)          997,615   21,815  52,071   608,833     268,438   15,620     10,072        20,765
Number of loans                                  19,594      404   1,870    10,899       4,583      782        123           933
Weighted average maturity (months) 1              16.47     8.88   11.43     16.70       10.37    10.34     230.62         10.18
Weighted average repricing interval (months) 2     5.57     7.31    7.19      6.76         .34     4.28      70.93          2.33
Weighted average risk rating 3                     3.21     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.49     6.01    6.65      6.40        6.60     7.89       7.72          6.32
  Standard error 5                                  .21      .47     .18       .27         .26      .33        .17           .36
  Interquartile range 6
    75th percentile                                7.23     6.61    7.09      7.23        7.12     8.56       7.76          7.06
    25th percentile                                5.90     5.39    6.18      5.38        6.17     6.96       7.76          5.51
  Purpose of loan
    Feeder livestock                               6.34     7.11    6.03      6.41        6.11     7.79       n.a.          n.a.
    Other livestock                                6.69     5.37    6.52      6.88        6.24     8.43       8.58          7.14
    Other current operating expenses 7             6.82     5.64    6.89      6.80        6.84     8.02       8.00          6.60
    Farm machinery and equipment                   6.79     n.a.    7.15      6.80        6.74     7.47       6.63          7.58
    Farm real estate                               7.07     n.a.    7.05      6.95        6.99     n.a.       7.79          6.05
    Other 8                                        5.66     6.08    6.37      5.26        6.27     7.52       7.24          6.14

Share of total loan volume
  Features of loan
    Floating rates                                80.14    16.21   45.91     78.38       96.24    76.43      79.50         79.58
    Under commitment                              84.29    99.26   77.01     80.32       95.74    79.86      12.73         93.21
    Callable                                      22.84    77.96   58.99     23.74        6.59    11.82      84.18         36.40
    Subject to prepayment penalty                  2.78    14.27    n.a.      3.93         .15     1.54       n.a.           .41
  Purpose of loan
    Feeder livestock                               3.61    23.67   19.97      2.20        2.63      .10       n.a.          n.a.
    Other livestock                               10.41    19.33    4.77     12.23        8.12     2.29       3.21          1.03
    Other current operating expenses 7            36.31    39.40   56.22     34.38       36.34    69.86        .88         31.02
    Farm machinery and equipment                  17.14     n.a.    2.11     17.31       23.66     2.56       2.07          1.78
    Farm real estate                               6.13     n.a.    4.50      7.18        2.43     n.a.      81.05          1.88
    Other 8                                       26.40    17.60   12.44     26.69       26.82    25.20      12.80         64.28
  Type of collateral
    Farm real estate                               6.89     n.a.    9.07      7.00        3.71    11.76      84.15          5.39
    Other                                         88.32    96.14   83.03     89.40       89.42    88.20      15.80         82.52
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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.
   n.a. Not available.

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