A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, February 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)          533,401  121,870  115,683   107,880      64,707      457     19,034       103,771
Number of loans                                   9,346    1,681    2,057     2,916         709       30        441         1,512
Weighted average maturity (months) 1              26.58    23.22    14.66     19.67       86.19    48.88      15.34         15.68
Weighted average repricing interval (months) 2    12.86    12.86     4.91     11.89       33.07      .19      13.74         10.04
Weighted average risk rating 3                     2.28     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   7.51     7.30     7.08      7.62        7.42     9.58       8.37          7.98
  Standard error 5                                  .17      .29      .25       .18         .29     n.a.        .31           .48
  Interquartile range 6
    75th percentile                                8.24     7.38     7.52      8.25        8.06     9.58       8.75          9.00
    25th percentile                                6.93     6.64     6.00      6.70        6.93     9.58       8.18          7.25
  Purpose of loan
    Feeder livestock                               6.93     7.83     6.71      6.52        9.41     n.a.       6.71          7.63
    Other livestock                                8.08     8.11     n.a.      8.75        8.57     n.a.       8.49          7.55
    Other current operating expenses 7             7.61     7.24     7.01      7.77        7.92     9.58       8.53          8.35
    Farm machinery and equipment                   7.94     8.43     8.51      7.43        7.64     n.a.       7.25          7.94
    Farm real estate                               7.35     6.96     n.a.      7.88        7.76     n.a.       7.25          6.77
    Other 8                                        6.56     6.78     7.48      6.35        6.18     n.a.       7.87         10.03

Share of total loan volume
  Features of loan
    Floating rates                                42.74    23.48    73.43     25.17       60.51   100.00       8.89         44.32
    Under commitment                              44.71    35.84    72.88     48.10       46.21   100.00      29.07         21.89
    Callable                                      29.68    19.80    56.73      8.65        3.09     n.a.      12.10         52.92
    Subject to prepayment penalty                   .82      .16      .26      1.62        2.59   100.00       n.a.          n.a.
  Purpose of loan
    Feeder livestock                               9.20     3.08    24.23      7.99         .67     n.a.       3.20          7.34
    Other livestock                                7.71     4.25     5.19      6.60         .39     n.a.      27.69         16.69
    Other current operating expenses 7            64.72    77.38    62.96     62.75       56.23   100.00      60.81         59.74
    Farm machinery and equipment                   4.92     4.19     3.63      6.98        5.27     n.a.       1.02          5.57
    Farm real estate                               5.76     2.71     n.a.      8.98        9.57     n.a.       4.57         10.27
    Other 8                                        7.69     8.40     3.99      6.69       27.87     n.a.       2.71           .39
  Type of collateral
    Farm real estate                              21.50    19.47     3.99     41.03       39.62     n.a.       4.57         15.02
    Other                                         74.43    73.10    94.67     55.35        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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