C.7. Local Trends in Farm Income and Expenditures as Reported by Banks in Each Region Percent _____________________________________________________________________________________________________ Farm income Farm household spending Farm capital spending ________________________________________________________________________________________ Quarter Lower Same Higher Lower Same Higher Lower Same Higher _____________________________________________________________________________________________________ Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*) _____________________________________________________________________________________________________ 2001: Q3... | 28 59 13 16 75 9 38 52 11 Q4... | 49 39 12 29 64 7 57 34 9 2002: Q1... | 8 32 60 16 63 21 10 39 52 Q2... | 58 41 2 19 68 12 49 46 5 Q3... | 58 33 9 34 60 6 55 41 4 Q4... | 48 22 30 27 56 17 46 37 17 2003: Q1... | 52 27 20 30 52 18 53 34 13 Q2... | 28 50 22 19 65 16 34 53 13 Q3... | 28 47 25 17 70 13 31 65 4 _____________________________________________________________________________________________________ Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) _____________________________________________________________________________________________________ 2001: Q3... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Q4... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 2002: Q1... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Q2... | 65 33 2 35 54 11 63 34 3 Q3... | 70 27 3 33 56 11 65 32 3 Q4... | 63 30 8 40 50 9 65 33 1 2003: Q1... | 72 24 5 44 48 8 68 30 2 Q2... | 36 47 17 27 59 13 46 47 6 Q3... | 22 46 32 18 68 15 36 49 14 _____________________________________________________________________________________________________ Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA) _____________________________________________________________________________________________________ 2001: Q3... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Q4... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 2002: Q1... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Q2... | 65 33 2 35 54 11 63 34 3 Q3... | 70 27 3 33 56 11 65 32 3 Q4... | 63 30 8 40 50 9 65 33 1 2003: Q1... | 72 24 5 44 48 8 68 30 2 Q2... | 36 47 17 27 59 13 46 47 6 Q3... | 22 46 32 18 68 15 36 49 14 _____________________________________________________________________________________________________ * 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. 41