A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 4-8, 2008
Percent except as noted
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Loan characteristic                               All    Minimal    Low    Moderate  Acceptable  Special  Not rated  Not reported
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Volume of loans (thousands of dollars)          304,073   39,043  114,287    83,290      23,966      418      8,541        34,527
Number of loans                                   9,826    1,341    2,489     3,262       1,050       42        375         1,267
Weighted average maturity (months) 1              26.96    12.31    29.76     28.46       41.79    11.89      17.14         22.96
Weighted average repricing interval (months) 2    10.46     9.72     8.31      7.14       17.07      .87       8.35         22.42
Weighted average risk rating 3                     2.36     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   7.00     6.65     6.79      7.19        7.68     7.23       7.28          7.04
  Standard error 5                                  .14      .42      .21       .10         .49     n.a.        .36           .35
  Interquartile range 6
    75th percentile                                7.64     6.87     7.60      7.64        9.16     7.23       7.71          7.69
    25th percentile                                6.09     6.00     6.09      6.17        6.75     7.23       7.50          6.10
  Purpose of loan
    Feeder livestock                               6.34     6.86     5.64      7.57        n.a.     7.23       4.81          n.a.
    Other livestock                                6.51     6.78     n.a.      6.46        7.72     n.a.       n.a.          8.51
    Other current operating expenses 7             7.23     6.42     7.27      7.46        7.78     n.a.       7.70          6.73
    Farm machinery and equipment                   7.17     6.85     7.01      6.82        7.96     n.a.       7.28          7.41
    Farm real estate                               6.61     n.a.     6.96      7.21        6.73     n.a.       n.a.          5.78
    Other 8                                        7.56     7.56     7.68      7.00        8.59     n.a.       n.a.          9.34

Share of total loan volume
  Features of loan
    Floating rates                                56.07    40.07    76.94     56.86       49.13   100.00      31.35         13.52
    Under commitment                              57.97    45.53    77.97     55.88       42.27     n.a.      51.08         24.13
    Callable                                      17.86     8.21    19.22     19.07       21.53     n.a.      13.33         20.09
    Subject to prepayment penalty                  1.97     n.a.      .21      2.62       14.82     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                               6.81    14.51     8.32      4.87        n.a.   100.00      12.24          n.a.
    Other livestock                               21.66    20.26    32.86     17.49        6.41     n.a.       n.a.         12.48
    Other current operating expenses 7            50.82    51.97    43.49     57.17       59.99     n.a.      71.95         47.52
    Farm machinery and equipment                  10.77     8.77     6.80      9.22       14.98     n.a.      15.80         25.91
    Farm real estate                               4.58     n.a.     1.20      5.50       14.82     n.a.       n.a.         12.82
    Other 8                                        5.35     4.49     7.32      5.74        3.80     n.a.       n.a.          1.28
  Type of collateral
    Farm real estate                              17.19    11.96    10.81     20.84       37.53   100.00       4.63         23.39
    Other                                         80.45    88.04    87.78     75.84        n.a.     n.a.       n.a.          n.a.
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   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.

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