A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, May 5-9, 2008
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   $\9,999    $24,999     $49,999     $99,999     $249,999    and over
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Volume of loans (thousands of dollars)          1,313,049     37,245      75,683     104,563     137,500      294,862   663,196
Number of loans                                    20,134      6,896       5,139       3,132       2,063        1,919       984
Weighted average maturity (months) 1                24.47       9.91       10.97       13.50       19.86        25.73     28.84
Weighted average repricing interval (months) 2       7.67       2.28        2.55        3.59        5.62        10.08      8.56
Weighted average risk rating 3                       3.25       3.15        3.20        3.19        3.25         3.14      3.30

Weighted average interest rate 4                     5.47       6.22        6.07        6.00        5.61         5.56      5.20
  Standard error 5                                    .27        .20         .20         .23         .25          .25       .27
  Interquartile range 6
    75th percentile                                  6.35       7.08        6.86        6.76        6.25         6.35      5.92
    25th percentile                                  4.59       5.27        5.12        5.12        4.86         4.59      4.33
  Purpose of loan
    Feeder livestock                                 5.16       5.66        5.87        6.48        5.46         5.10      4.67
    Other livestock                                  5.00       5.79        5.90        5.25        5.23         5.18      4.75
    Other current operating expenses 7               5.71       6.27        6.16        6.10        5.60         5.54      5.52
    Farm machinery and equipment                     5.51       7.44        6.55        6.75        6.46         6.57      4.85
    Farm real estate                                 6.37       6.30        6.34        6.64        6.51         6.99      6.13
    Other 8                                          5.00       5.90        5.55        5.56        5.30         5.08      4.87

Share of total loan volume
  Features of loan
    Floating rates                                  80.29      80.45       82.88       81.68       79.18        71.01     84.13
    Under commitment                                75.87      88.04       87.96       82.16       78.41        73.26     73.46
    Callable                                        19.55      25.05       25.81       24.97       20.37        22.97     15.98
  Purpose of loan
    Feeder livestock                                 4.87       3.62        3.28        5.52        6.52         7.68      3.43
    Other livestock                                  6.50       3.32        4.47        7.03        6.75         6.49      6.79
    Other current operating expenses 7              41.83      78.06       73.28       62.57       53.11        45.74     28.87
    Farm machinery and equipment                     5.94       3.01        4.04        4.22        6.44         4.19      7.28
    Farm real estate                                 9.66        .34        1.63        1.84        5.57        10.61     12.76
    Other 8                                         31.19      11.65       13.31       18.82       21.63        25.30     40.87
  Type of collateral
    Farm real estate                                14.73       6.28        6.28        8.82       12.72        15.23     17.29
    Other                                           81.15      89.62       87.82       86.09       83.26        81.34     78.61
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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.

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