A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, August 4-8, 2008
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)          1,333,060   20,819  117,795   663,176     405,146   24,309        687       101,128
Number of loans                                    16,401      261    1,741     8,777       3,027      491         34         2,069
Weighted average maturity (months) 1                23.12    11.66    16.60     29.25       18.46    13.00      37.89         12.00
Weighted average repricing interval (months) 2       3.70     9.88     4.36      3.92        2.58     1.18      34.19          5.21
Weighted average risk rating 3                       3.24     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     4.97     5.90     4.92      4.98        4.70     5.69       6.41          5.61
  Standard error 5                                    .27      .27      .29       .33         .61      .51        .11           .52
  Interquartile range 6
    75th percentile                                  5.65     6.01     6.00      5.65        5.13     6.62       6.25          6.46
    25th percentile                                  4.03     5.92     3.82      4.03        4.03     4.59       5.92          4.59
  Purpose of loan
    Feeder livestock                                 5.36     5.78     5.13      5.05        5.79     4.61       n.a.          7.53
    Other livestock                                  4.86     n.a.     7.79      5.27        3.87     3.85       n.a.          n.a.
    Other current operating expenses 7               5.14     6.04     5.66      5.21        4.67     5.56       6.20          5.52
    Farm machinery and equipment                     5.82     6.65     6.07      5.76        5.81     3.31       9.92          6.25
    Farm real estate                                 5.91     n.a.     5.47      5.64        6.34     n.a.       n.a.          6.39
    Other 8                                          4.51     4.65     3.80      4.51        4.60     6.21       5.92          5.49

Share of total loan volume
  Features of loan
    Floating rates                                  86.99     9.51    71.49     91.39       88.85    93.42      39.73         83.48
    Under commitment                                76.87    41.44    77.87     73.67       93.42    99.87      91.99         32.11
    Callable                                        16.26    32.24    29.07     16.94       11.14     6.97      52.26         16.01
    Subject to prepayment penalty                    2.49      .80     3.00      3.72        1.11     1.51       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                 3.65    39.79    11.69      2.62        1.94     2.16       n.a.           .80
    Other livestock                                  7.41     n.a.      .63     10.26        7.16     4.21       n.a.          n.a.
    Other current operating expenses 7              44.88    49.94    44.49     35.88       48.41    55.68      60.26         86.41
    Farm machinery and equipment                     3.76     5.34     4.19      5.10        2.30      .87       8.01           .58
    Farm real estate                                 4.78     n.a.     1.30      5.70        4.06     n.a.       n.a.          7.87
    Other 8                                         35.53     4.93    37.71     40.44       36.13    37.08      31.73          4.34
  Type of collateral
    Farm real estate                                19.57     n.a.     6.02     27.47       14.77     3.51      52.26         10.39
    Other                                           75.80    97.40    88.61     69.51       84.81    95.93      45.74         56.89
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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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