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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2007: Q4...      |          2       12       86        2       28       71        2       21       78

2008: Q1...      |          0       10       90        0       32       68        1       19       81
      Q2...      |          6       17       77        6       27       67        6       26       68
      Q3...      |         10       30       60        7       37       57       11       35       55
      Q4...      |         46       23       31       26       46       27       35       34       30

2009: Q1...      |         58       27       15       37       42       21       54       28       18
      Q2...      |         41       42       17       29       57       15       43       43       13
      Q3...      |         58       34        8       38       53        9       54       38        8
      Q4...      |         46       33       21       29       54       17       42       41       17
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             Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY)
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2007: Q4...      |          7       25       68        5       47       48        7       38       55

2008: Q1...      |          7       25       68        5       36       59        7       35       59
      Q2...      |          8       35       57        8       40       51       12       45       43
      Q3...      |         10       35       55        6       42       52       13       40       47
      Q4...      |         36       36       29       31       45       24       42       36       22

2009: Q1...      |         48       38       14       46       42       13       57       33       10
      Q2...      |         41       47       12       32       58       11       47       42       11
      Q3...      |         56       38        5       45       45       10       57       38        5
      Q4...      |         36       42       22       26       57       17       41       42       17
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        Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA)
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2007: Q4...      |          5        0       95       11       42       47       11       26       63

2008: Q1...      |          5       29       67       10       43       48       14       24       62
      Q2...      |         10       19       71       19       29       52       14       33       52
      Q3...      |         16       37       47       22       39       39       16       47       37
      Q4...      |         50       17       33       61       22       17       72       22        6

2009: Q1...      |         71       29        0       59       35        6       75       19        6
      Q2...      |         65       35        0       70       30        0       70       25        5
      Q3...      |         84       16        0       68       32        0       68       32        0
      Q4...      |         68       16       16       63       26       11       68       16       16
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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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