A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, August 2-6, 2004
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)          853,742   16,318  108,576   304,132     178,624   28,421     20,619       197,051
Number of loans                                  16,825      385    2,540     8,408       3,400      870        422           801
Weighted average maturity (months) 1              16.53    11.57    35.96     22.42       12.85     6.88      27.56          1.43
Weighted average repricing interval (months) 2     6.25     8.13    30.25      5.52         .52      .28       3.31           .17
Weighted average risk rating 3                     3.15     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   5.12     5.23     5.50      4.97        4.84     5.94       4.73          5.33
  Standard error 5                                  .10      .71      .27       .24         .16      .54        .43           .29
  Interquartile range 6
    75th percentile                                5.64     6.61     6.35      6.08        5.39     7.47       5.61          5.39
    25th percentile                                4.33     3.56     4.34      4.05        4.30     4.33       3.87          5.39
  Purpose of loan
    Feeder livestock                               5.07     6.28     4.99      5.17        4.07     8.14       5.12          6.59
    Other livestock                                4.81     3.56     5.28      4.81        3.91     4.87       6.59          6.68
    Other current operating expenses 7             5.29     5.49     5.49      5.13        5.17     6.41       4.92          5.77
    Farm machinery and equipment                   5.07     n.a.     6.02      5.11        4.43     4.75       6.17          6.01
    Farm real estate                               5.42     7.50     6.24      5.00        4.96     5.71       6.96          6.17
    Other 8                                        5.06     4.00     6.04      4.50        4.74     4.30       4.47          5.32

Share of total loan volume
  Features of loan
    Floating rates                                85.64    45.82    38.59     88.01       97.35    93.44      95.79         98.42
    Under commitment                              81.77    68.05    47.84     76.54       89.14    94.20      95.49         99.75
    Callable                                      19.83    43.34    65.12     23.70        7.88     5.04       6.47          1.34
    Subject to prepayment penalty                  1.03      .31      .07      1.65        1.43      .71       4.20          n.a.
  Purpose of loan
    Feeder livestock                               4.56    31.66     6.78      4.63        6.06     3.98        .96           .07
    Other livestock                               10.97    36.46    39.48      7.75        9.63     9.05       5.82           .14
    Other current operating expenses 7            32.56    17.22    34.41     38.85       51.81    66.34      26.44          1.40
    Farm machinery and equipment                   9.23     n.a.     2.20     21.56        4.55     7.61        .43           .22
    Farm real estate                               4.70    11.71     8.71      7.32        3.42      .15        .46           .12
    Other 8                                       38.00     2.96     8.42     19.89       24.53    12.86      65.88         98.06
  Type of collateral
    Farm real estate                              10.20    13.31    16.85     14.11       10.27     1.04      19.67           .48
    Other                                         84.46    85.62    73.48     79.73       86.70    98.96      64.18         95.68
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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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