A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 2-6, 2005
Percent except as noted
___________________________________________________________________________________________________________________________________

Loan characteristic                                All     Minimal    Low    Moderate  Acceptable  Special  Not rated  Not reported
___________________________________________________________________________________________________________________________________

Volume of loans (thousands of dollars)          1,641,000   60,700  171,103   665,968     559,248   51,857     15,818       116,306
Number of loans                                    36,797    2,126    6,138    15,313       6,119    1,128      1,027         4,946
Weighted average maturity (months) 1                22.31    12.83    12.97     16.54       27.50    27.78      34.68         47.17
Weighted average repricing interval (months) 2       4.63     8.51     6.03      3.30        4.08     4.25      19.85          9.04
Weighted average risk rating 3                       3.25     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     6.59     6.89     6.99      6.38        6.53     7.28       7.34          6.95
  Standard error 5                                    .17      .27      .22       .21         .27      .30        .42           .26
  Interquartile range 6
    75th percentile                                  7.25     7.52     7.83      7.19        7.12     8.12       7.79          7.51
    25th percentile                                  5.90     6.72     6.18      5.64        6.01     6.32       7.00          6.35
  Purpose of loan
    Feeder livestock                                 6.53     7.28     6.30      6.57        6.43     9.18       6.93          7.64
    Other livestock                                  6.77     6.84     7.23      6.32        6.26     8.65       7.18          7.61
    Other current operating expenses 7               6.84     7.01     7.35      6.50        6.95     6.96       7.16          7.14
    Farm machinery and equipment                     6.84     6.34     7.52      6.80        6.81     6.65       7.62          7.18
    Farm real estate                                 6.84     6.65     7.08      6.78        6.90     6.25       8.12          6.54
    Other 8                                          6.09     5.29     6.16      5.81        6.13     7.72       7.69          6.30

Share of total loan volume
  Features of loan
    Floating rates                                  81.59    51.13    52.82     82.18       96.71    90.38      52.67         63.76
    Under commitment                                77.83    70.46    73.25     81.15       80.19    79.87      46.35         61.45
    Callable                                        22.01    24.71    23.91     15.99       22.76    44.75      22.70         38.35
    Subject to prepayment penalty                    4.08      .03     3.97       .91        9.34     3.63       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                 8.99     8.77    28.88     11.29        2.24      .30       2.51          3.88
    Other livestock                                  4.53    16.11     5.45      3.22        3.37     6.49      27.15          6.27
    Other current operating expenses 7              38.11    49.14    52.83     39.93       26.58    56.42      40.36         47.23
    Farm machinery and equipment                    13.03     6.63     4.05     16.34       13.93     7.31       3.91         10.09
    Farm real estate                                 6.66    19.23     5.42      3.35        9.62      .02       5.48          9.70
    Other 8                                         28.68      .11     3.37     25.86       44.26    29.47      20.59         22.82
  Type of collateral
    Farm real estate                                10.57    17.72     9.94      7.53       11.09    18.65      35.36         15.76
    Other                                           80.49    81.20    87.02     84.82       74.17    79.54      64.33         78.74
___________________________________________________________________________________________________________________________________
   For explanation of footnotes, see table A.8.
   n.a. Not available.

16