A.14. Survey of Terms of Bank Lending to Farmers, Selected Quarters
Percent excpet as noted
______________________________________________________________________________________________________________
                                                  USDA Farm Production Region
______________________________________________________________________________________________________________
                                NE      LS      CB      NP      AP      SE      DL      SP      MN      PA
______________________________________________________________________________________________________________
Proportion of farm loans
 outstanding,  2004 Q1 survey,
 region share of national
 total                          2.9    9.1      27.7    22.2    8.6     4.7     4.6     8.5    5.3      6.2

Sample coverage, 2004 Q1
 survey, sample share of total
 regional loans                 13.2   2.9      20.7    32.8    18.1    16.5    10.4    5.0    7.1      26.4

Avg. loan size, 2004 Q3 survey
(thousands of dollars)          29.6   12.1     49.1    41.0    148.1   42.4    69.3    40.3   28.5     99.9
______________________________________________________________________________________________________________

Survey date                             Weighted average interest rate during sample week
______________________________________________________________________________________________________________
    1999:   Q4        |         9.1     9.2     8.8     9.4     8.3     8.8     9.8     9.0     9.5     8.8
    2000:   Q1        |         9.4     9.2     9.2     9.6     8.4     9.8     9.3     10.0    9.8     8.4
            Q2        |         10.7    9.5     9.7     9.7     9.1     9.1     10.5    10.0    10.1    9.5
            Q3        |         10.5    10.30   10.0    10.3    9.7     9.2     10.5    10.0    10.6    9.7
            Q4        |         10.7    9.3     9.9     10.1    9.2     9.4     9.2     10.3    10.3    9.8
    2001:   Q1        |         9.3     9.1     9.4     9.7     8.4     7.8     9.5     9.0     9.8     8.8
            Q2        |         8.2     8.7     8.3     8.8     7.4     8.1     8.3     9.2     8.6     7.9
            Q3        |         8.3     9.8     7.9     8.2     6.3     7.6     8.7     8.8     7.8     7.2
            Q4        |         6.9     7.9     6.3     7.0     5.2     6.3     8.7     7.6     6.1     5.2
                      |         (.23)   (.78)   (.38)   (.29)   (.36)   (1.71)  (.42)   (.79)   (.33)   (.35)

    2002:   Q1        |         6.9     7.8     6.7     7.2     5.2     5.5     7.3     7.4     6.8     4.9
                      |         (.12)   (.37)   (.26)   (.22)   (.63)   (1.14)  (.39)   (.45)   (.26)   (.25)

            Q2        |         6.8     7.4     6.4     7.2     5.0     5.9     7.6     7.5     6.5     5.1
                      |         (.14)   (.29)   (.27)   (.21)   (.48)   (1.03)  (.23)   (.34)   (.36)   (.26)

            Q3        |         6.4     7.5     5.8     6.5     4.6     6.0     7.5     7.3     6.5     5.3
                      |         (.43)   (.29)   (.50)   (.68)   (.67)   (1.19)  (.34)   (.68)   (.41)   (1.06)

            Q4        |         5.7     6.9     5.1     5.5     4.6     5.2     6.7     7.6     6.4     4.5
                      |         (.35)   (.45)   (.47)   (1.01)  (.56)   (.62)   (.68)   (.35)   (.47)   (.62)

    2003:   Q1        |         5.3     7.0     5.6     5.7     4.4     5.6     6.7     7.4     6.1     4.5
                      |         (.15)   (.26)   (.31)   (.73)   (.65)   (.63)   (.54)   (.66)   (.35)   (.40)

            Q2        |         6.0     6.7     5.3     6.5     4.6     6.1     7.3     5.7     6.4     5.2
                      |         (.29)   (.17)   (.37)   (.34)   (.71)   (.63)   (.45)   (.71)   (.36)   (.50)

            Q3        |         6.0     6.9     4.7     5.6     4.5     4.8     6.7     5.5     5.6     4.3
                      |         (.15)   (.04)   (.49)   (.39)   (.73)   (.69)   (.27)   (.99)   (.35)   (.26)
            
            Q4        |         6.5     6.5     4.0     5.1     4.6     5.2     6.7     7.5     5.4     4.2
                      |         (.59)   (.22)   (.30)   (.71)   (.54)   (.83)   (.54)   (.58)   (.39)   (.42)

    2004:   Q1        |         5.8    7.0      5.2     5.7     4.3     5.9     6.4     6.3     5.7     3.8
                      |         (.21)  (.15)    (.44)   (.25)   (.48)   (.64)   (.37)   (.23)   (.37)   (.41)

            Q2        |         4.8    6.3      5.2     6.2     4.6     6.4     6.9     6.2     6.4     4.1
                      |         (.19)  (.05)    (.66)   (.32)   (.45)   (.31)   (.57)   (.19)   (.40)   (.24)

            Q3        |         6.2    6.6      4.8     5.5     4.8     5.2     6.1     6.7     6.7     4.9
                      |         (.79)  (.14)    (.58)   (1.15)  (.38)   (.75)   (.41)   (.45)   (.29)   (.08)
_____________________________________________________________________________________________________________
  Notes.  NE is Northeast, LS is Lake States, CB is Cornbelt, NP is Northern Plains, AP is Appalachia, SE is
Southeast, DL is Delta States, SP is Southern Plains, MN is Mountain States, and PA is Pacific. The numbers
in parentheses are standard errors.  They are calculated from 100 replications of a bootstrap procedure
(resampling of banks) in each region.

                                                                                                         19