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C.7. Local Trends in Farm Income and Expenditures as Reported by Banks in Each Region
Percent Quarter
                  Farm income
                  Farm household spending
                  Farm capital spendingLower
                  Same
                  Higher
                  Lower
                  Same
                  Higher
                  Lower
                  Same
                  HigherNinth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*)2003: Q1
          52
          27
          20
          30
          52
          18
          53
          34
          13Q2
          28
          50
          22
          19
          65
          16
          34
          53
          13Q3
          28
          47
          25
          17
          70
          13
          31
          65
          4Q4
          8
          33
          59
          6
          61
          33
          16
          51
          332004: Q1
          7
          25
          68
          5
          52
          43
          8
          41
          51Q2
          2
          37
          61
          2
          55
          42
          5
          49
          46Q3
          15
          47
          38
          5
          63
          33
          10
          56
          34Q4
          20
          30
          50
          5
          56
          40
          11
          40
          492005: Q1
          17
          34
          48
          5
          53
          42
          16
          39
          45Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY)2003: Q1
          72
          24
          5
          44
          48
          8
          68
          30
          2Q2
          36
          47
          17
          27
          60
          13
          46
          48
          6Q3
          22
          46
          32
          18
          68
          15
          36
          49
          14Q4
          17
          35
          48
          10
          64
          25
          20
          54
          262004: Q1
          11
          42
          47
          8
          68
          25
          16
          53
          31Q2
          11
          49
          40
          9
          65
          26
          15
          60
          24Q3
          11
          51
          38
          6
          71
          23
          12
          63
          25Q4
          10
          40
          50
          5
          60
          35
          9
          53
          382005: Q1
          12
          48
          40
          5
          59
          36
          12
          55
          33Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA)2003: Q1
          72
          24
          5
          44
          48
          8
          68
          30
          2Q2
          36
          47
          17
          27
          60
          13
          46
          48
          6Q3
          22
          46
          32
          18
          68
          15
          36
          49
          14Q4
          17
          35
          48
          10
          64
          25
          20
          54
          262004: Q1
          11
          42
          47
          8
          68
          25
          16
          53
          31Q2
          11
          49
          40
          9
          65
          26
          15
          60
          24Q3
          11
          51
          38
          6
          71
          23
          12
          63
          25Q4
          10
          40
          50
          5
          60
          35
          9
          53
          382005: Q1
          12
          48
          40
          5
          59
          36
          12
          55
          33 * 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.


Statistical releases

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