C.7. Local Trends in Farm Income and Expenditures as Reported by Banks in Each Region
Percent
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                             Farm income          Farm household spending     Farm capital spending
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Quarter                Lower    Same    Higher    Lower    Same    Higher    Lower    Same    Higher
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               Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*)
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2006: Q2...      |         40       47       13        9       59       32       27       53       20
      Q3...      |         52       41        7       20       59       21       47       46        7
      Q4...      |         35       27       38       17       54       29       34       40       26

2007: Q1...      |         21       29       50       11       50       38       19       41       40
      Q2...      |         10       39       51        4       55       41        7       50       43
      Q3...      |          2       32       66        2       50       48        5       49       47
      Q4...      |          2       12       86        2       28       71        2       21       78

2008: Q1...      |          0       10       90        0       32       68        1       19       81
      Q2...      |          6       17       77        6       27       67        6       26       68
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             Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY)
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2006: Q2...      |         37       57        6       15       60       25       37       54        9
      Q3...      |         42       48       10       15       54       31       31       59       10
      Q4...      |         25       43       32        8       62       29       18       60       22

2007: Q1...      |         18       38       44        5       59       36       14       53       33
      Q2...      |         13       49       39        7       55       38       12       56       32
      Q3...      |          6       38       56        5       52       44        8       51       41
      Q4...      |          7       25       68        5       47       48        7       38       55

2008: Q1...      |          7       25       68        5       36       59        7       35       59
      Q2...      |          8       35       57        8       40       51       12       45       43
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        Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA)
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2006: Q2...      |         35       48       17       17       65       17       32       55       14
      Q3...      |         23       55       23        5       86        9       23       59       18
      Q4...      |         22       44       33       11       72       17       17       67       17

2007: Q1...      |         20       30       50        0       75       25        5       55       40
      Q2...      |         10       15       75        5       70       25       10       45       45
      Q3...      |          5       11       84        5       53       42        5       26       68
      Q4...      |          5        0       95       11       42       47       11       26       63

2008: Q1...      |          5       29       67       10       43       48       14       24       62
      Q2...      |         10       19       71       19       29       52       14       33       52
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   * State falls only partly within the indicated Reserve District.
   n.a. Not available.
   Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks.

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