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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2002: Q4...      |         48       22       30       27       56       17       46       37       17

2003: Q1...      |         52       27       20       30       52       18       53       34       13
      Q2...      |         28       50       22       19       65       16       34       53       13
      Q3...      |         28       47       25       17       70       13       31       65        4
      Q4...      |          8       33       59        6       61       33       16       51       33

2004: Q1...      |          7       25       68        5       52       43        8       41       51
      Q2...      |          2       37       61        2       55       42        5       49       46
      Q3...      |         15       47       38        5       63       33       10       56       34
      Q4...      |         20       30       50        5       56       40       11       40       49
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             Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY)
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2002: Q4...      |         63       30        8       40       50        9       65       33        1

2003: Q1...      |         72       24        5       44       48        8       68       30        2
      Q2...      |         36       47       17       27       60       13       46       48        6
      Q3...      |         22       46       32       18       68       15       36       49       14
      Q4...      |         17       35       48       10       64       25       20       54       26

2004: Q1...      |         11       42       47        8       68       25       16       53       31
      Q2...      |         11       49       40        9       65       26       15       60       24
      Q3...      |         11       51       38        6       71       23       12       63       25
      Q4...      |         10       40       50        5       60       35        9       53       38
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        Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA)
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2002: Q4...      |         63       30        8       40       50        9       65       33        1

2003: Q1...      |         72       24        5       44       48        8       68       30        2
      Q2...      |         36       47       17       27       60       13       46       48        6
      Q3...      |         22       46       32       18       68       15       36       49       14
      Q4...      |         17       35       48       10       64       25       20       54       26

2004: Q1...      |         11       42       47        8       68       25       16       53       31
      Q2...      |         11       49       40        9       65       26       15       60       24
      Q3...      |         11       51       38        6       71       23       12       63       25
      Q4...      |         10       40       50        5       60       35        9       53       38
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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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