C.7. Local Trends in Farm Income and Expenditures as Reported by Banks in Each Region
Percent
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                             Farm income          Farm household spending     Farm capital spending
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Quarter                Lower    Same    Higher    Lower    Same    Higher    Lower    Same    Higher
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               Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*)
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2005: Q1...      |         17       34       48        5       53       42       16       39       45
      Q2...      |         17       58       25        5       62       33        8       58       34
      Q3...      |         33       61        6        9       68       23       28       61       11
      Q4...      |         26       32       42        4       55       41       18       50       33

2006: Q1...      |         37       38       25        6       62       32       22       56       23
      Q2...      |         40       47       13        9       59       32       27       53       20
      Q3...      |         52       41        7       20       59       21       47       46        7
      Q4...      |         35       27       38       17       54       29       34       40       26

2007: Q1...      |         21       29       50       11       50       38       19       41       40
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             Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY)
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2005: Q1...      |         12       48       40        5       59       36       12       55       33
      Q2...      |         15       59       26        5       64       31       14       60       26
      Q3...      |         35       52       14       15       54       31       34       54       12
      Q4...      |         30       49       21       13       58       30       27       56       16

2006: Q1...      |         31       52       16       13       58       29       27       58       15
      Q2...      |         37       57        6       15       60       25       37       54        9
      Q3...      |         42       48       10       15       54       31       31       59       10
      Q4...      |         25       43       32        8       62       29       18       60       22

2007: Q1...      |         18       38       44        5       59       36       14       53       33
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        Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA)
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2005: Q1...      |         27       55       18       14       68       18       23       55       23
      Q2...      |         13       50       38        8       58       33        8       50       42
      Q3...      |         24       38       38       19       62       19       29       57       14
      Q4...      |         24       29       48       14       62       24       24       48       29

2006: Q1...      |         36       45       18       18       68       14       27       55       18
      Q2...      |         35       48       17       17       65       17       32       55       14
      Q3...      |         23       55       23        5       86        9       23       59       18
      Q4...      |         22       44       33       11       72       17       17       67       17

2007: Q1...      |         20       30       50        0       75       25        5       55       40
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   * 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.

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