A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, November 1-5, 2004
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   $9,999     $24,999     $49,999     $99,999     $249,999    and over
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Volume of loans (thousands of dollars)          1,066,990     29,951      54,138      78,107     103,885      171,288   629,620
Number of loans                                    16,922      7,536       3,580       2,287       1,587        1,127       806
Weighted average maturity (months) 1                18.72       8.02        8.73       10.77       12.34        24.59     20.47
Weighted average repricing interval (months) 2       4.28       1.53        2.20        3.02        2.24         5.78      4.66
Weighted average risk rating 3                       3.10       3.25        3.22        3.12        3.11         3.35      3.01

Weighted average interest rate 4                     5.16       6.62        6.25        6.25        5.75         5.15      4.77
  Standard error 5                                    .26        .29         .25         .19         .28          .20       .24
  Interquartile range 6
    75th percentile                                  5.96       7.64        7.23        7.17        6.77         5.92      5.90
    25th percentile                                  4.08       5.64        5.13        5.12        4.85         4.34      3.82
  Purpose of loan
    Feeder livestock                                 5.45       6.36        6.21        6.44        6.11         5.49      5.23
    Other livestock                                  4.58       6.43        6.39        6.44        5.43         4.92      4.21
    Other current operating expenses 7               5.34       6.73        6.34        6.40        5.91         4.97      4.54
    Farm machinery and equipment                     5.33       6.50        6.01        5.91        5.81         5.35      5.18
    Farm real estate                                 6.06       6.87        6.02        6.62        6.23         5.90      6.06
    Other 8                                          4.66       5.83        5.88        5.58        5.14         5.00      4.39

Share of total loan volume
  Features of loan
    Floating rates                                  82.01      85.03       81.78       77.61       81.85        89.91     80.31
    Under commitment                                86.11      92.21       84.13       82.75       83.00        85.01     87.22
    Callable                                        29.58      30.39       30.32       34.51       32.11        20.81     30.83
  Purpose of loan
    Feeder livestock                                14.69       4.69        5.82       10.97       16.51         9.18     17.58
    Other livestock                                 12.18       4.37        5.79        6.06       11.24        11.70     14.14
    Other current operating expenses 7              34.00      75.71       67.05       58.53       42.81        37.68     23.68
    Farm machinery and equipment                    11.75       5.47        9.33        4.67        7.62        14.81     12.99
    Farm real estate                                 6.20       1.81        2.70        2.89        3.14         8.27      7.05
    Other 8                                         21.18       7.95        9.32       16.87       18.68        18.35     24.55
  Type of collateral
    Farm real estate                                 6.55       3.63        2.75        6.13        5.74        11.20      5.94
    Other                                           87.43      89.53       91.09       85.80       87.13        84.80     87.98
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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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