C.5. Average Variable Interest Rates on Farm Loans
Percent
| Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*) |
| 2001: Q1 |
9.7 |
9.6 |
9.1 |
| Q2 |
9.3 |
9.1 |
8.5 |
| Q3 |
8.8 |
8.7 |
8.1 |
| Q4 |
7.9 |
7.7 |
7.2 |
| 2002: Q1 |
7.4 |
7.5 |
7.0 |
| Q2 |
7.2 |
7.2 |
6.8 |
| Q3 |
6.8 |
6.7 |
6.4 |
| Q4 |
6.7 |
6.6 |
6.3 |
| 2003: Q1 |
6.5 |
6.4 |
6.1 |
| Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) |
| 2001: Q1 |
n.a. |
n.a. |
n.a. |
| Q2 |
n.a. |
n.a. |
n.a. |
| Q3 |
n.a. |
n.a. |
n.a. |
| Q4 |
n.a. |
n.a. |
n.a. |
| 2002: Q1 |
n.a. |
n.a. |
n.a. |
| Q2 |
7.7 |
7.6 |
7.1 |
| Q3 |
7.5 |
7.4 |
6.9 |
| Q4 |
7.2 |
7.0 |
6.6 |
| 2003: Q1 |
9.7 |
6.9 |
6.4 |
1. Loans used primarily to finance such items as current crop production expenses
and the care and feeding of livestock (including poultry). Return to table
* 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.
