A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, August 7-11, 2006
Percent except as noted
___________________________________________________________________________________________________________________________________

Loan characteristic                                All     Minimal    Low    Moderate  Acceptable  Special  Not rated  Not reported
___________________________________________________________________________________________________________________________________

Volume of loans (thousands of dollars)          1,028,600   32,888  105,447   382,562     315,408   27,745     54,409       110,140
Number of loans                                    16,683      688    1,887     8,547       3,636      554        438           933
Weighted average maturity (months) 1                20.70    18.00     9.21     21.00       16.01    22.66      14.06         50.23
Weighted average repricing interval (months) 2       5.24     9.40     3.36      3.96        2.07     3.26        .41         23.01
Weighted average risk rating 3                       3.23     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     8.44     8.81     8.61      8.46        8.65     8.94       8.20          7.49
  Standard error 5                                    .17      .49      .13       .07         .13      .42        .55           .31
  Interquartile range 6
    75th percentile                                  9.26     9.92     9.14      9.38        9.65     9.77       8.24          7.66
    25th percentile                                  7.60     7.92     8.06      7.50        8.03     8.03       7.90          7.19
  Purpose of loan
    Feeder livestock                                 8.42     9.11     8.70      8.00        7.61     8.15      13.24          5.37
    Other livestock                                  8.10     8.69     8.94      7.96        8.13     7.85       n.a.          8.15
    Other current operating expenses 7               8.70     7.63     8.55      8.76        8.64     9.29       9.23          8.29
    Farm machinery and equipment                     9.06     9.88     8.81      9.39        8.67     9.11       9.78          8.64
    Farm real estate                                 7.81     7.55     8.73      7.79        8.01    11.85       8.42          7.35
    Other 8                                          8.24     9.32     7.86      8.01        8.95     8.32       8.18          7.41

Share of total loan volume
  Features of loan
    Floating rates                                  84.16    16.32    57.90     86.21       96.61    96.72      98.59         76.47
    Under commitment                                82.17    98.65    92.82     83.10       77.15    91.76      98.16         67.85
    Callable                                        25.23    38.13    46.29     20.99       28.80    16.99       9.99         15.27
    Subject to prepayment penalty                    2.70     n.a.     n.a.      6.33         .35     2.22       n.a.          1.62
  Purpose of loan
    Feeder livestock                                10.30    69.46    38.21      5.59        6.40     1.25        .20           .72
    Other livestock                                  7.65     3.16     5.95     11.00        8.27    11.15       n.a.           .06
    Other current operating expenses 7              32.72    14.53    45.68     43.09       27.77    68.53        .78         10.67
    Farm machinery and equipment                     7.78     4.62     2.67     10.36       11.03      .32        .37           .89
    Farm real estate                                 4.18     7.12     3.24      4.30        3.12      .20        .83          9.54
    Other 8                                         37.37     1.11     4.26     25.67       43.40    18.56      97.82         78.12
  Type of collateral
    Farm real estate                                 9.16     4.17    17.11      7.65        6.20     4.92       5.56         19.59
    Other                                           80.40    95.83    79.21     84.60       72.00    93.86      93.24         76.71
___________________________________________________________________________________________________________________________________
   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.

17