Federal Reserve Statistical Release, E.15, Agricultural Finance Databook; title with eagle logo links to Statistical Release home page
Release Date: September 30, 2004
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C.7. Local Trends in Farm Income and Expenditures as Reported by Banks in Each Region

Percent
Quarter Farm income Farm household spending Farm capital spending
Lower Same Higher Lower Same Higher Lower Same Higher
Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*)
2002: 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
Q4 8 33 59 6 61 33 16 51 33
2004: Q1 7 25 68 5 52 43 8 41 51
Q2 2 37 61 2 55 42 5 49 46
Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY)
2002: 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 60 13 46 48 6
Q3 22 46 32 18 68 15 36 49 14
Q4 17 35 48 10 64 25 20 54 26
2004: Q1 11 42 47 8 68 25 16 53 31
Q2 11 49 40 9 65 26 15 60 24
Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA)
2002: 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 60 13 46 48 6
Q3 22 46 32 18 68 15 36 49 14
Q4 17 35 48 10 64 25 20 54 26
2004: Q1 11 42 47 8 68 25 16 53 31
Q2 11 49 40 9 65 26 15 60 24
   * 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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