C.4. Average Fixed Interest Rates on Farm Loans Percent __________________________________________________________________________________________ Feeder cattle Other operating Intermediate non-real- Long-term real Quarter loans loans 1 estate loans estate loans __________________________________________________________________________________________ Seventh (Chicago) Federal Reserve District (IL*, IN*, IA, MI*, WI*) __________________________________________________________________________________________ 2000: Q2... | 10.1 10.4 n.a. 9.2 Q3... | 10.1 10.2 n.a. 9.4 Q4... | 9.9 9.9 n.a. 8.9 2001: Q1... | 9.2 9.2 n.a. 8.2 Q2... | 8.6 8.6 n.a. 7.9 Q3... | 8.1 8.0 n.a. 7.5 Q4... | 7.5 7.4 n.a. 7.2 2002: Q1... | 7.5 7.3 n.a. 7.2 Q2... | 7.3 7.3 n.a. 7.1 Q3... | 7.2 7.2 n.a. 6.8 __________________________________________________________________________________________ Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) __________________________________________________________________________________________ 2000: Q2... | 10.4 10.5 10.3 9.7 Q3... | 10.4 10.5 10.3 9.7 Q4... | 10.3 10.5 10.2 9.7 2001: Q1... | 9.6 9.8 9.5 8.9 Q2... | 9.0 9.1 9.0 8.5 Q3... | 8.4 8.6 8.5 8.0 Q4... | 7.8 8.1 8.2 7.6 2002: Q1... | 7.7 7.9 7.9 7.5 Q2... | n.a. 8.1 8.0 7.7 Q3... | n.a. 7.9 7.9 7.5 __________________________________________________________________________________________ Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*) __________________________________________________________________________________________ 2000: Q2... | n.a. 10.1 10.2 9.4 Q3... | n.a. 10.5 10.4 9.7 Q4... | n.a. 10.4 10.3 9.6 2001: Q1... | n.a. 9.8 9.8 9.1 Q2... | n.a. 9.3 9.3 8.6 Q3... | n.a. 8.9 8.9 8.5 Q4... | n.a. 8.2 8.1 7.6 2002: Q1... | n.a. 7.5 7.7 7.3 Q2... | n.a. 7.6 7.7 7.4 Q3... | n.a. 7.4 7.5 7.2 __________________________________________________________________________________________ 37 C.4. Average Fixed Interest Rates on Farm Loans (continued) Percent __________________________________________________________________________________________ Feeder cattle Other operating Intermediate non-real- Long-term real Quarter loans loans 1 estate loans estate loans __________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) __________________________________________________________________________________________ 2000: Q2... | 11.0 10.8 10.7 10.2 Q3... | 11.0 11.0 10.8 10.1 Q4... | 11.0 11.1 10.8 10.2 2001: Q1... | 10.3 10.4 10.1 9.5 Q2... | 9.7 9.7 9.5 9.0 Q3... | 9.2 9.2 9.2 8.5 Q4... | 8.3 8.4 8.5 8.0 2002: Q1... | 8.2 8.3 8.2 8.0 Q2... | 8.1 8.2 8.2 7.8 Q3... | 8.1 8.1 8.1 7.8 __________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) __________________________________________________________________________________________ 2000: Q2... | 10.4 10.6 10.4 10.1 Q3... | 10.6 10.6 10.4 9.9 Q4... | 10.5 10.4 10.1 9.8 2001: Q1... | 9.4 9.4 9.2 8.9 Q2... | 8.6 11.0 8.5 8.3 Q3... | 8.2 7.9 8.0 7.6 Q4... | 9.9 7.2 7.2 7.0 2002: Q1... | 7.0 7.1 9.4 7.3 Q2... | 7.5 7.3 7.5 7.2 Q3... | 7.3 6.9 7.3 7.2 __________________________________________________________________________________________ 1. Loans used primarily to finance such items as current crop production expenses and the care and feeding of livestock(including poultry). * 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. 38