A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, August 4-8, 2003
Percent except as noted
_______________________________________________________________________________________________________________________________

                                                           $1,000 to  $10,000 to  $25,000 to  $50,000 to  $100,000 to  $250,000
Loan characteristic                             All sizes   $9,000     $24,000     $49,000     $99,000     $249,000    and over
_______________________________________________________________________________________________________________________________

Volume of loans (thousands of dollars)            346,496     36,262      53,188      46,479      60,162       75,197    75,207
Number of loans                                    16,832     10,314       3,535       1,410         885          519       168
Weighted average maturity (months) 1                62.10      12.93       14.63       14.75       12.48        44.57    204.36
Weighted average repricing interval (months) 2      14.40       5.81        6.97        5.91        4.20        15.04     36.48
Weighted average risk rating 3                       2.58       2.40        2.51        2.60        2.47         2.83      2.51

Weighted average interest rate 4                     6.53       7.07        6.75        6.50        6.47         6.49      6.20
  Standard error 5                                    .15        .17         .10         .19         .24          .27       .81
  Interquartile range 6
    75th percentile                                  7.49       7.64        7.41        7.25        7.12         7.50      6.65
    25th percentile                                  5.62       6.30        6.00        5.61        5.91         5.62      5.25
  Purpose of loan
    Feeder livestock                                 6.20       7.26        6.99        6.76        5.94         6.60      5.25
    Other livestock                                  7.05       7.70        7.74        7.51        6.81         5.89      n.a.
    Other current operating expenses 7               6.46       7.08        6.54        6.20        6.46         6.28      4.55
    Farm machinery and equipment                     6.98       6.82        6.93        6.97        6.84         7.15      n.a.
    Farm real estate                                 6.41       6.91        7.29        6.73        6.37         5.98      6.51
    Other 8                                          6.61       6.62        7.07        5.96        6.08         7.23      6.50

Share of total loan volume
  Features of loan
    Floating rates                                  55.43      49.89       44.38       52.58       56.38        59.11     63.23
    Under commitment                                40.09      55.20       53.10       38.19       60.41        42.06      6.54
    Callable                                        15.21      19.07       21.08       20.06       23.68        14.64      n.a.
  Purpose of loan
    Feeder livestock                                10.28       3.78        8.14       10.44        8.16        12.49     14.30
    Other livestock                                  6.48       4.00        9.48        5.74       17.64         3.56      n.a.
    Other current operating expenses 7              44.13      78.32       70.58       51.21       50.82        36.79      6.54
    Farm machinery and equipment                     9.22       8.87        8.48       18.06        9.37        13.54      n.a.
    Farm real estate                                19.20       1.68        2.04        8.53        4.40        20.03     57.40
    Other 8                                         10.70       3.36        1.28        6.02        9.61        13.59     21.77
  Type of collateral
    Farm real estate                                32.40       8.51       10.39       16.14       10.35        33.88     85.70
    Other                                           64.34      83.51       84.58       76.28       85.97        66.12     14.30
_______________________________________________________________________________________________________________________________
   Note. Most small and mid-sized farm lenders that reported loans to farmers had less than $25 million in farm loans.
   For explanation of footnotes, see table A.8.
   n.a. Not available.

15