A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, May 5-9, 2003
Percent except as noted
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                                                           $1,000 to  $10,000 to  $25,000 to  $50,000 to  $100,000 to  $250,000
Loan characteristic                             All sizes   $9,000     $24,000     $49,000     $99,000     $249,000    and over
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Volume of loans (thousands of dollars)            505,044     45,440      57,982      56,385      91,602      137,371   116,263
Number of loans                                    20,984     12,881       3,926       1,728       1,272          916       261
Weighted average maturity (months) 1                34.18      11.25       16.82       15.43       22.41        44.16     57.77
Weighted average repricing interval (months) 2      17.62       5.46        9.08        9.20       11.10        20.23     32.71
Weighted average risk rating 3                       2.52       2.55        2.62        2.77        2.29         2.68      2.38

Weighted average interest rate 4                     6.71       7.22        7.06        6.59        6.97         6.63      6.27
  Standard error 5                                    .08        .08         .22         .21         .16          .13       .31
  Interquartile range 6
    75th percentile                                  7.38       7.79        7.75        7.54        7.65         7.23      7.02
    25th percentile                                  6.17       6.60        6.34        5.84        6.35         6.14      6.17
  Purpose of loan
    Feeder livestock                                 6.97       7.34        7.41        6.24        7.12         6.09      n.a.
    Other livestock                                  6.93       7.89        6.23        7.03        7.50         6.24      n.a.
    Other current operating expenses 7               6.78       7.14        7.13        6.59        6.88         6.69      6.25
    Farm machinery and equipment                     6.62       7.44        7.11        5.75        6.17         7.06      n.a.
    Farm real estate                                 6.62       7.01        7.31        6.21        6.74         6.60      6.61
    Other 8                                          6.27       7.82        6.63        8.03        6.85         6.57      5.78

Share of total loan volume
  Features of loan
    Floating rates                                  43.83      51.85       45.00       37.59       30.43        38.51     60.00
    Under commitment                                47.23      65.69       52.00       57.30       54.96        28.27     49.06
    Callable                                        19.69      14.67       17.69       18.40        9.52        28.38     21.00
  Purpose of loan
    Feeder livestock                                 7.41       3.49       10.96        6.04       23.56         3.26      n.a.
    Other livestock                                  7.68       4.81        8.95       22.26       11.49         6.08      n.a.
    Other current operating expenses 7              51.24      80.70       65.54       49.87       52.25        51.86     31.73
    Farm machinery and equipment                     5.29       8.08        7.56       12.92        4.50         5.30      n.a.
    Farm real estate                                15.45       1.28        3.20        5.25        2.48        16.63     40.87
    Other 8                                         12.92       1.63        3.79        3.67        5.71        16.87     27.40
  Type of collateral
    Farm real estate                                29.96       7.06       13.97       18.67       15.10        47.31     43.58
    Other                                           66.06      84.01       81.41       72.93       82.05        48.33     56.42
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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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