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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2003: 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

2005: Q1...      |         17       34       48        5       53       42       16       39       45
      Q2...      |         17       58       25        5       62       33        8       58       34
      Q3...      |         33       61        6        9       68       23       28       61       11
      Q4...      |         26       32       42        4       55       41       18       50       33
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             Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY)
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2003: 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

2005: Q1...      |         12       48       40        5       59       36       12       55       33
      Q2...      |         15       59       26        5       64       31       14       60       26
      Q3...      |         35       52       14       15       54       31       34       54       12
      Q4...      |         30       49       21       13       58       30       27       56       16
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        Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA)
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2003: Q4...      |         29       25       46       17       71       13       25       42       33

2004: Q1...      |         17       52       30       13       74       13       26       52       22
      Q2...      |         13       43       43        0       70       30       22       43       35
      Q3...      |          5       36       59        0       73       27        9       45       45
      Q4...      |         17       30       52       13       57       30       13       48       39

2005: Q1...      |         27       55       18       14       68       18       23       55       23
      Q2...      |         13       50       38        8       58       33        8       50       42
      Q3...      |         24       38       38       19       62       19       29       57       14
      Q4...      |         24       29       48       14       62       24       24       48       29
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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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