A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, November 3-7, 2008
Percent except as noted
_______________________________________________________________________________________________________________________________

                                                           $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
_______________________________________________________________________________________________________________________________

Volume of loans (thousands of dollars)          1,408,572     32,394      76,617     100,419     144,749      277,696   776,696
Number of loans                                    18,875      5,885       5,056       2,952       2,096        1,848     1,038
Weighted average maturity (months) 1                25.53       7.84        7.99       10.16       13.96        11.97     36.66
Weighted average repricing interval (months) 2       7.02       1.83        1.86        3.86        3.49         4.56      9.67
Weighted average risk rating 3                       3.22       3.00        3.03        3.01        3.05         3.08      3.35

Weighted average interest rate 4                     4.56       5.42        5.35        5.19        4.97         4.58      4.29
  Standard error 5                                    .19        .16         .13         .16         .13          .16       .29
  Interquartile range 6
    75th percentile                                  5.65       6.25        6.40        6.18        6.13         5.65      5.37
    25th percentile                                  3.56       4.58        4.31        4.07        4.07         3.71      3.30
  Purpose of loan
    Feeder livestock                                 4.68       5.61        5.69        5.33        5.14         4.59      4.44
    Other livestock                                  4.36       5.27        5.35        5.37        4.42         3.46      4.44
    Other current operating expenses 7               4.54       5.48        5.47        5.22        5.02         4.59      3.82
    Farm machinery and equipment                     5.77       6.90        5.77        6.61        6.03         5.46      5.31
    Farm real estate                                 5.83       5.82        5.47        6.16        6.62         6.82      5.65
    Other 8                                          3.98       4.55        4.47        4.46        4.47         4.17      3.81

Share of total loan volume
  Features of loan
    Floating rates                                  84.59      87.04       84.15       82.63       80.39        77.71     88.03
    Under commitment                                79.81      92.47       88.96       83.98       80.41        83.15     76.54
    Callable                                        15.80      26.58       29.12       27.18       23.25        25.00      7.89
  Purpose of loan
    Feeder livestock                                 8.64       4.42        5.02        9.89       10.70         7.72      8.96
    Other livestock                                 10.31       4.84        7.27        6.83        9.05         8.77     12.07
    Other current operating expenses 7              40.03      75.32       70.85       60.95       53.18        46.29     28.11
    Farm machinery and equipment                     2.02       2.96        2.40        4.18        3.91         3.02       .96
    Farm real estate                                11.88       1.79        1.26        1.78        3.53         7.61     17.74
    Other 8                                         27.12      10.66       13.20       16.37       19.63        26.59     32.16
  Type of collateral
    Farm real estate                                11.46       3.89        4.09        5.91       12.73        10.85     13.20
    Other                                           85.83      91.37       90.62       89.52       85.12        85.62     84.86
_______________________________________________________________________________________________________________________________
   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.

14