C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier
Percent
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                                                                          Purpose of loan
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                           Total            Feeder cattle            Dairy            Crop storage           Operating         Farm machinery
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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*)
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2007: 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
      Q4...    |       16    41      43     28    72       1     13    77      10     19    67      14      7    30      63     22    50      27
                                                                                                                                                
2009: Q1...    |       15    54      32     34    63       3     21    69      10     21    68      11      9    41      50     31    55      14
      Q2...    |       30    49      21     42    56       2     32    57      11     26    62      12     21    47      32     42    49       9
      Q3...    |       24    54      22     38    58       5     33    61       6     21    59      19     17    43      41     39    50      11
      Q4...    |       20    58      21     30    65       4     26    67       7     20    63      17     20    47      33     30    54      16
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                                           Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX)
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2007: 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
      Q4...    |       38    52      10     47    48       5     19    69       6     23    71       6     22    52      26     40    50      10
                                                                                                                                                
2009: Q1...    |       30    59      11     41    56       3     17    74       4     15    77       8     16    65      20     36    58       6
      Q2...    |       33    58       9     33    64       3     22    67       6     10    87       3     22    61      17     33    63       4
      Q3...    |       36    56       8     38    60       2     26    67       2     21    70       4     27    61      13     39    58       3
      Q4...    |       33    58      10     27    67       5     25    68       2     16    77       2     24    63      13     30    67       3
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                                        Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*)
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2007: 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
      Q4...    |       56    38       6     43    57       0     50    50       0     36    50      14     50    38      13     50    38      13
                                                                                                                                                
2009: Q1...    |       41    53       6     33    67       0     47    53       0     35    59       6     35    55      10     47    53       0
      Q2...    |       67    33       0     53    40       7     53    40       7     35    59       6     44    44      11     67    28       6
      Q3...    |       75    13      13     57    36       7     50    36      14     38    44      19     31    44      25     50    38      13
      Q4...    |     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.
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   * 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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