A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, November 5-9, 2007
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)          1,140,199   38,716  116,062   479,156     314,664   89,724      6,061        95,816
Number of loans                                    17,859      710    2,051     8,289       3,624      827        119         2,239
Weighted average maturity (months) 1                15.48     7.24    12.64     19.38       14.11     9.17      12.07         12.78
Weighted average repricing interval (months) 2       4.10     6.96     4.62      3.70        4.29     4.92       9.20          2.46
Weighted average risk rating 3                       3.29     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     7.44     7.64     7.77      7.36        7.18     7.95       7.27          7.81
  Standard error 5                                    .16      .41      .18       .21         .43      .22        .51           .39
  Interquartile range 6
    75th percentile                                  8.25     8.60     8.44      8.03        7.76     8.85       7.52          8.52
    25th percentile                                  6.66     6.32     7.07      6.45        6.35     7.76       6.50          6.96
  Purpose of loan
    Feeder livestock                                 7.72     8.18     8.22      7.38        6.78     8.85       n.a.          8.22
    Other livestock                                  7.65     7.39     8.30      8.04        7.26     6.30       9.31          8.90
    Other current operating expenses 7               7.66     7.04     7.92      7.76        7.35     7.58       9.08          8.13
    Farm machinery and equipment                     7.99     8.50     9.15      7.93        8.64     7.73       8.76          9.22
    Farm real estate                                 7.92     n.a.     8.50      7.23        8.81     8.76       7.48          8.09
    Other 8                                          6.90     6.66     6.23      6.74        6.94     8.62       6.94          7.04

Share of total loan volume
  Features of loan
    Floating rates                                  80.20     6.28    42.57     88.84       89.08    77.89      74.95         85.78
    Under commitment                                87.87    97.56    90.38     91.20       95.86    82.46      74.95         43.86
    Callable                                        17.09    85.29    45.57     10.13        9.03     8.89       n.a.         25.12
    Subject to prepayment penalty                    2.81     4.67      .89      4.51         .06     8.22       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                 9.59    51.62    13.23      8.01        5.14     2.46       n.a.         18.06
    Other livestock                                  6.14      .37    10.66      4.34       10.63     3.08       7.12           .10
    Other current operating expenses 7              39.23    46.65    51.51     37.32       39.14    30.41        .61         41.88
    Farm machinery and equipment                     7.52      .83     2.37      9.24        1.69    33.54       5.06          2.80
    Farm real estate                                 3.66     n.a.     5.05      4.22        1.31     8.51      11.04          3.32
    Other 8                                         33.86      .52    17.19     36.88       42.08    22.00      76.18         33.84
  Type of collateral
    Farm real estate                                 7.05     3.66    11.99      7.74        1.69     4.26      14.64         18.69
    Other                                           89.66    95.94    87.48     87.12       97.01    90.12      85.36         78.18
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   Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans.
   For explanation of footnotes, see table A.8.
   n.a. Not available.

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