C.7. Local Trends in Farm Income and Expenditures as Reported by Banks in Each Region
Percent
_____________________________________________________________________________________________________

                             Farm income          Farm household spending     Farm capital spending
             ________________________________________________________________________________________

Quarter                Lower    Same    Higher    Lower    Same    Higher    Lower    Same    Higher
_____________________________________________________________________________________________________

               Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*)
_____________________________________________________________________________________________________
2001: Q4...      |         49       39       12       29       64        7       57       34        9

2002: Q1...      |          8       32       60       16       63       21       10       39       52
      Q2...      |         58       41        2       19       68       12       49       46        5
      Q3...      |         58       33        9       34       60        6       55       41        4
      Q4...      |         48       22       30       27       56       17       46       37       17

2003: Q1...      |         52       27       20       30       52       18       53       34       13
      Q2...      |         28       50       22       19       65       16       34       53       13
      Q3...      |         28       47       25       17       70       13       31       65        4
      Q4...      |          8       33       59        6       61       33       16       51       33
_____________________________________________________________________________________________________

             Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY)
_____________________________________________________________________________________________________
2001: Q4...      |          0        0        0        0        0        0        0        0        0

2002: Q1...      |          0        0        0        0        0        0        0        0        0
      Q2...      |         65       33        2       35       54       11       63       34        3
      Q3...      |         70       27        3       33       56       11       65       32        3
      Q4...      |         63       30        8       40       50        9       65       33        1

2003: Q1...      |         72       24        5       44       48        8       68       30        2
      Q2...      |         36       47       17       27       59       13       46       47        6
      Q3...      |         22       46       32       18       68       15       36       49       14
      Q4...      |         17       35       48       10       64       25       20       54       26
_____________________________________________________________________________________________________

        Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA)
_____________________________________________________________________________________________________
2001: Q4...      |          0        0        0        0        0        0        0        0        0

2002: Q1...      |          0        0        0        0        0        0        0        0        0
      Q2...      |         65       33        2       35       54       11       63       34        3
      Q3...      |         70       27        3       33       56       11       65       32        3
      Q4...      |         63       30        8       40       50        9       65       33        1

2003: Q1...      |         72       24        5       44       48        8       68       30        2
      Q2...      |         36       47       17       27       59       13       46       47        6
      Q3...      |         22       46       32       18       68       15       36       49       14
      Q4...      |         17       35       48       10       64       25       20       54       26
_____________________________________________________________________________________________________
   * State falls only partly within the indicated Reserve District.
   n.a. Not available.
   Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks.

41