A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, May 2-6, 2005
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   $9,999     $24,999     $49,999     $99,999     $249,999    and over
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Volume of loans (thousands of dollars)          1,333,963     44,142      71,171      81,756     109,936      237,165   789,793
Number of loans                                    23,081     11,595       4,860       2,422       1,622        1,560     1,023
Weighted average maturity (months) 1                23.10      10.32       11.23       16.72       15.31        24.61     26.05
Weighted average repricing interval (months) 2       3.85       2.13        2.70        4.92        3.78         4.88      3.64
Weighted average risk rating 3                       3.41       3.15        3.15        3.20        3.23         3.26      3.53

Weighted average interest rate 4                     6.41       7.50        7.28        7.06        6.63         6.74      6.08
  Standard error 5                                    .16        .14         .15         .12         .11          .14       .20
  Interquartile range 6
    75th percentile                                  7.08       8.25        8.00        7.75        7.25         7.50      6.70
    25th percentile                                  5.86       6.75        6.51        6.28        5.90         6.00      5.38
  Purpose of loan
    Feeder livestock                                 6.37       7.25        7.33        6.97        6.63         6.56      6.09
    Other livestock                                  6.43       7.80        6.92        7.31        6.25         6.36      6.12
    Other current operating expenses 7               6.58       7.57        7.38        7.12        6.59         6.69      5.92
    Farm machinery and equipment                     6.77       7.21        7.14        7.10        6.92         7.10      6.59
    Farm real estate                                 6.77       7.44        7.07        6.40        6.96         6.82      6.74
    Other 8                                          6.05       7.11        6.89        6.87        6.59         6.70      5.87

Share of total loan volume
  Features of loan
    Floating rates                                  89.75      82.85       79.95       74.38       80.26        82.37     96.15
    Under commitment                                81.68      88.59       88.44       80.68       82.60        80.49     81.01
    Callable                                        22.31      32.18       35.04       38.50       28.08        29.87     15.86
  Purpose of loan
    Feeder livestock                                 9.25       4.11        7.35       10.15       12.58         9.33      9.14
    Other livestock                                  3.77       3.12        3.77        6.58        6.97         6.93      2.12
    Other current operating expenses 7              32.00      76.54       70.14       52.80       45.19        37.32     20.48
    Farm machinery and equipment                    14.63       5.99        4.85       11.82       12.57        18.61     15.38
    Farm real estate                                 5.96       1.21        2.22        3.05        5.06         5.44      7.14
    Other 8                                         34.39       9.03       11.67       15.61       17.62        22.36     45.75
  Type of collateral
    Farm real estate                                 8.22       2.42        3.84        6.28        8.57        10.90      8.28
    Other                                           81.39      88.74       90.16       86.31       87.40        85.30     77.67
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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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