A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, August 4-8, 2003
Percent except as noted
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                                                           $1,000 to  $10,000 to  $25,000 to  $50,000 to  $100,000 to  $250,000
Loan characteristic                             All sizes   $9,000     $24,000     $49,000     $99,000     $249,000    and over
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Volume of loans (thousands of dollars)            667,450     31,525      47,362      51,686      78,356      119,976   338,545
Number of loans                                    15,962      8,700       3,221       1,576       1,189          802       474
Weighted average maturity (months) 1                16.31       8.30        9.23       12.05       14.51        22.65     16.84
Weighted average repricing interval (months) 2       2.46       1.31        1.48        4.15        4.36         3.42      1.67
Weighted average risk rating 3                       3.44       3.34        3.40        3.47        3.33         3.52      3.45

Weighted average interest rate 4                     4.73       5.79        5.52        5.34        4.84         4.78      4.39
  Standard error 5                                    .14        .24         .09         .13         .07          .11       .28
  Interquartile range 6
    75th percentile                                  5.62       6.77        6.35        6.17        5.50         5.38      5.12
    25th percentile                                  3.55       4.76        4.55        4.08        4.06         4.04      3.55
  Purpose of loan
    Feeder livestock                                 4.36       5.47        5.31        5.73        4.87         3.94      4.21
    Other livestock                                  4.85       5.65        5.84        4.94        4.74         4.84      4.72
    Other current operating expenses 7               4.85       5.85        5.58        5.41        4.84         4.72      4.30
    Farm machinery and equipment                     5.58       5.64        6.31        5.55        5.45         4.96      6.05
    Farm real estate                                 5.63       6.38        5.90        5.85        6.05         5.93      5.40
    Other 8                                          4.19       5.41        4.96        4.82        4.42         4.47      3.94

Share of total loan volume
  Features of loan
    Floating rates                                  87.71      89.39       87.20       83.53       80.34        88.46     89.71
    Under commitment                                86.15      92.90       92.01       82.67       86.91        83.00     86.18
    Callable                                        14.99      23.22       21.62       21.78       28.29        10.59     10.74
  Purpose of loan
    Feeder livestock                                13.84       3.74        7.20        8.68        7.23         5.93     20.83
    Other livestock                                  6.90       3.19        5.02        6.96        8.15        10.82      5.82
    Other current operating expenses 7              42.15      77.69       68.81       59.21       50.58        39.98     31.32
    Farm machinery and equipment                     7.58       4.03        3.87        7.83        6.60        14.34      6.23
    Farm real estate                                 5.90       1.18         .73        2.17        5.30         8.58      6.82
    Other 8                                         23.62      10.18       14.37       15.15       22.14        20.34     28.97
  Type of collateral
    Farm real estate                                 9.10       3.12        5.20        6.43       11.46        12.39      8.89
    Other                                           83.71      87.93       85.66       86.12       84.56        83.43     82.58
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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.

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