A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 1-5, 2006
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)          1,289,765   51,552  89,228   725,569     208,373   51,710     96,131        67,202
Number of loans                                    19,578      744   1,778    10,177       3,182    1,090      1,558         1,049
Weighted average maturity (months) 1                13.83    10.90   12.17     11.67       16.49    15.91      18.87         27.44
Weighted average repricing interval (months) 2       2.88     3.58    4.33      1.74        1.37    10.30       5.38          8.44
Weighted average risk rating 3                       3.11     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     7.95     7.62    8.24      7.81        8.30     8.44       8.12          7.67
  Standard error 5                                    .16      .18     .11       .29         .24      .42        .17           .06
  Interquartile range 6
    75th percentile                                  8.57     8.03    8.94      8.30        9.11     9.11       8.51          8.01
    25th percentile                                  7.45     6.98    7.25      7.23        7.50     7.04       7.75          7.25
  Purpose of loan
    Feeder livestock                                 8.26     8.37    7.78      8.24        8.52     8.49       8.23          8.40
    Other livestock                                  8.12     7.49    8.00      7.79        8.47     7.92       7.60          9.85
    Other current operating expenses 7               8.28     7.62    8.33      8.32        8.41     8.42       8.26          7.65
    Farm machinery and equipment                     7.93     7.91    8.06      7.85        8.99     9.94       7.89          8.23
    Farm real estate                                 7.86     7.99    8.42      7.82        7.75     8.67       8.38          7.28
    Other 8                                          7.45     6.73    8.38      7.03        7.94     8.40       8.03          7.53

Share of total loan volume
  Features of loan
    Floating rates                                  86.17    52.87   63.36     91.94       96.80    77.82      67.99         79.16
    Under commitment                                87.22    87.84   89.78     85.82       86.02    91.91      94.26         88.46
    Callable                                        19.31    36.56   46.12     12.32       18.54     9.19      34.32         34.58
    Subject to prepayment penalty                    1.15     n.a.    n.a.      1.73        1.07     n.a.        .09          n.a.
  Purpose of loan
    Feeder livestock                                 5.62    17.27   11.69      3.79        8.27     1.14       6.20          2.79
    Other livestock                                  7.32    11.99    8.27      4.25       19.18     3.82       5.68          3.93
    Other current operating expenses 7              35.72    50.53   52.22     31.76       30.99    78.38      40.31         20.37
    Farm machinery and equipment                    21.95     3.43    5.26     34.80        7.25     2.76       5.92          2.77
    Farm real estate                                 2.21     2.35    2.03       .95        4.00      .05       5.70          7.04
    Other 8                                         27.19    14.43   20.53     24.45       30.31    13.86      36.19         63.11
  Type of collateral
    Farm real estate                                 7.04     2.48    6.27      4.12        7.72    15.75       5.86         35.91
    Other                                           88.62    76.18   88.63     92.74       88.18    78.44      90.97         59.57
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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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