C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier
Percent
________________________________________________________________________________________________________________________________________________

                                                                          Purpose of loan
             ___________________________________________________________________________________________________________________________________

                           Total            Feeder cattle            Dairy            Crop storage           Operating         Farm machinery
             ___________________________________________________________________________________________________________________________________

Quarter             Lower  Same  Higher  Lower  Same  Higher  Lower  Same  Higher  Lower  Same  Higher  Lower  Same  Higher  Lower  Same  Higher
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                                      Seventh (Chicago) Federal Reserve District (IL*, IN*, IA, MI*, WI*)
________________________________________________________________________________________________________________________________________________
2006: Q3...    |       12    58      30     17    71      11     15    77       9     11    60      28      8    45      47     20    60      20
      Q4...    |       18    47      35     27    66       7     15    78       7      9    53      38     17    40      43      9    42      49
                                                                                                                                                
2007: Q1...    |       10    51      38     23    68       8     13    79       8      5    51      45      9    42      49      7    47      45
      Q2...    |       10    59      30     23    71       6     12    79       8      8    48      44     11    55      34     11    47      42
      Q3...    |       15    50      35     16    72      12      9    86       5      5    58      37     13    46      40      7    40      53
      Q4...    |       16    42      41     27    67       6      9    80      11      5    62      33     18    32      50      9    35      56
                                                                                                                                                
2008: Q1...    |       20    46      34     41    55       4     17    77       6      8    59      33     19    35      46     11    37      52
      Q2...    |       26    49      25     45    52       3     22    72       6     10    56      34     26    36      38     11    46      44
      Q3...    |       18    37      45     31    64       4     19    76       5     13    67      20      8    35      57     18    49      33
________________________________________________________________________________________________________________________________________________

                                           Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX)
________________________________________________________________________________________________________________________________________________
2006: Q3...    |       23    63      14     21    67      12     11    80       4     11    85       5     13    59      28     23    73       4
      Q4...    |       14    66      20     26    63      11     10    80       5     10    85       6     11    66      23     25    66       9
                                                                                                                                                
2007: Q1...    |       13    64      24     18    72      10     12    77       5     12    81       7      7    65      28     14    73      13
      Q2...    |        8    66      26     16    74      10     17    75       2     13    80       7      7    69      23      9    76      14
      Q3...    |       10    72      18     15    75      10     11    80       3      8    75      18      7    69      24      9    68      23
      Q4...    |       11    63      26     16    71      13      7    90       3      8    76      16      8    64      27      5    73      21
                                                                                                                                                
2008: Q1...    |       22    57      21     29    65       6     11    86       4     17    76       7     19    55      26     18    59      23
      Q2...    |       21    56      23     40    53       8     13    85       2      8    78      14     15    51      34     17    60      23
      Q3...    |       15    71      15     31    65       4     11    89       0     13    74      13     11    58      30     24    66       9
________________________________________________________________________________________________________________________________________________

                                        Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*)
________________________________________________________________________________________________________________________________________________
2006: Q3...    |       47    53       0     29    64       7     31    69       0     31    69       0     42    58       0     47    47       5
      Q4...    |       25    70       5     18    76       6     24    76       0     16    68      16     25    70       5     20    75       5
                                                                                                                                                
2007: Q1...    |       26    58      16     20    67      13     21    64      14     44    50       6     21    58      21     20    65      15
      Q2...    |       12    88       0      6    94       0     13    88       0     11    78      11     11    84       5     11    89       0
      Q3...    |       36    64       0     18    82       0     20    80       0      8    58      33     21    71       7     46    38      15
      Q4...    |       39    56       6     33    67       0     31    69       0     24    76       0     17    61      22     26    68       5
                                                                                                                                                
2008: Q1...    |     n.a.  n.a.    n.a.   n.a.  n.a.    n.a.   n.a.  n.a.    n.a.   n.a.  n.a.    n.a.   n.a.  n.a.    n.a.   n.a.  n.a.    n.a.
      Q2...    |       25    56      19     20    73       7     21    71       7     19    56      25     13    75      13     25    63      13
      Q3...    |       60    33       7     36    64       0     46    54       0     29    64       7     40    47      13     47    53       0
________________________________________________________________________________________________________________________________________________
   * State falls only partly within the indicated Reserve District.
   Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks.

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