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: 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
      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
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                                           Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX)
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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
      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     16    75       4     16    77       8     16    64      20     37    58       5
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                                        Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*)
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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
      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
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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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