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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2004: Q3...    |       13    60      27     27    64       9     15    79       6     12    66      22     11    58      31     11    50      39
      Q4...    |        9    58      33     14    75      10     12    81       7     10    77      13     10    50      40      8    53      39
                                                                                                                                                
2005: Q1...    |        9    61      30     16    72      12     11    80       9     12    78       9      9    52      39     12    62      26
      Q2...    |       14    62      24     21    70       9     12    82       7     18    68      15      9    58      33     21    58      20
      Q3...    |       10    57      33     16    73      11      7    89       5     14    63      23      9    42      49     27    54      19
      Q4...    |       10    51      39     17    65      17     12    83       5     17    67      16      7    39      54     22    58      20
                                                                                                                                                
2006: Q1...    |        8    55      37     21    72       7     12    81       7     17    63      19      7    39      54     24    59      17
      Q2...    |       16    55      29     15    78       7     13    80       7     15    60      25     10    49      41     27    62      11
      Q3...    |       12    58      30     17    71      11     15    77       9     11    60      28      8    45      47     20    60      20
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                                           Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX)
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2004: Q3...    |       16    61      23     23    61      16     11    84       4      7    83      10      9    64      27     12    73      15
      Q4...    |       12    71      17     13    72      15     11    89       0      9    84       7      7    74      19     11    73      16
                                                                                                                                                
2005: Q1...    |       12    69      19     19    66      15     16    80       4     11    84       5     11    68      22     14    69      17
      Q2...    |       15    69      15     15    74      12     13    80       2      8    82       5     10    72      18     11    78      10
      Q3...    |       12    67      21     17    68      15     12    81       1      7    83       5      8    70      21     16    68      17
      Q4...    |       12    73      15     17    64      19     12    79       4     13    76       6     12    69      19     12    72      16
                                                                                                                                                
2006: Q1...    |       23    58      19     25    67       8     12    83       5     14    83       3     21    62      16     23    64      12
      Q2...    |       25    61      14     35    61       4     11    82       2     13    77       5     20    58      22     23    67      10
      Q3...    |     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.
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                                        Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*)
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2004: Q3...    |       30    61       9     22    67      11     32    63       5     39    57       4     23    69       8     27    62      12
      Q4...    |       22    65      13     18    71      12     17    72      11     13    78       9     20    60      20     28    60      12
                                                                                                                                                
2005: Q1...    |       18    73       9     19    71      10     14    81       5      4    96       0     16    68      16     16    72      12
      Q2...    |       11    67      22      7    87       7     27    73       0     19    81       0     11    67      22     17    78       6
      Q3...    |       24    71       5      6    89       6     13    88       0     11    11       0      5    19      79      9    18      76
      Q4...    |       28    61      11     14    71      14     20    80       0     13    75      13     26    58      16     26    68       5
                                                                                                                                                
2006: Q1...    |       21    63      16     19    69      13     19    81       0     22    72       6     23    68       9     29    57      14
      Q2...    |       16    74      11      0    87      13     21    79       0     13    81       6     21    68      11     30    60      10
      Q3...    |       47    53       0     29    64       7     31    69       0     31    69       0     42    58       0     47    47       5
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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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