A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, February 7-11, 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)          713,728   24,977  129,504   320,116     187,061   16,867        140        35,064
Number of loans                                  15,337      397    2,125     7,630       3,658      708         25           794
Weighted average maturity (months) 1              19.54    13.45    16.89     18.90       21.86    12.84       3.80         28.98
Weighted average repricing interval (months) 2     4.45     4.27     4.56      3.70        5.28      .92       1.66          8.37
Weighted average risk rating 3                     3.06     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                    .01      .01      .01       .01         .01      .01        .01           .01
  Standard error 5                                  .00      .00      .00       .00         .00      .00        .00           .00
  Interquartile range 6
    75th percentile                                 .01      .01      .01       .01         .01      .01        .01           .01
    25th percentile                                 .01      .01      .00       .01         .01      .01        .01           .01
  Purpose of loan
    Feeder livestock                                .01      .01      .01       .01         .01      .01        .01          n.a.
    Other livestock                                 .01      .00      .01       .01         .01      .01       n.a.           .01
    Other current operating expenses 7              .01      .01      .01       .01         .01      .01        .01           .01
    Farm machinery and equipment                    .01      .01      .01       .01         .01      .01        .01           .01
    Farm real estate                                .01     n.a.      .01       .01         .01     n.a.       n.a.           .01
    Other 8                                         .01      .00      .00       .01         .01      .01       n.a.           .01

Share of total loan volume
  Features of loan
    Floating rates                                83.57    55.71    70.29     85.77       92.25    94.16      83.46         80.91
    Under commitment                              83.06    92.31    86.85     77.85       88.15    92.68      83.46         78.38
    Callable                                      25.23    42.92    43.61     26.26        7.19     3.30       4.46         42.15
    Subject to prepayment penalty                  4.86     9.63      .11      6.16        5.80      .05       n.a.          4.37
  Purpose of loan
    Feeder livestock                               9.31    22.52    14.77      7.73        8.91     1.91       6.88          n.a.
    Other livestock                                7.13     8.90    11.46      7.12        5.09     5.96       n.a.          1.48
    Other current operating expenses 7            55.58    52.16    43.43     60.38       57.48    70.51       6.69         42.05
    Farm machinery and equipment                   3.54     1.89     2.87      3.76        1.60     5.18      86.43         14.43
    Farm real estate                               7.33     n.a.     5.85      4.57        9.33     n.a.       n.a.         36.16
    Other 8                                       17.09    14.54    21.62     16.45       17.58    16.44       n.a.          5.88
  Type of collateral
    Farm real estate                              11.09     9.81     7.12     11.45        9.30     3.34       n.a.         36.72
    Other                                         83.01    77.78    84.52     84.56       83.03    96.66      95.54         60.24
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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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