C.4. Average Fixed Interest Rates on Farm Loans
Percent
| Seventh (Chicago) Federal Reserve District (IL*, IN*, IA, MI*, WI*) |
| 2002: Q3 |
7.2 |
7.2 |
n.a. |
6.8 |
| Q4 |
6.8 |
6.7 |
n.a. |
6.5 |
| 2003: Q1 |
6.7 |
6.6 |
n.a. |
6.4 |
| Q2 |
6.5 |
6.4 |
n.a. |
6.0 |
| Q3 |
6.5 |
6.4 |
n.a. |
6.1 |
| Q4 |
6.3 |
6.3 |
n.a. |
6.1 |
| 2004: Q1 |
6.3 |
6.2 |
n.a. |
5.9 |
| Q2 |
6.5 |
6.4 |
n.a. |
6.2 |
| Q3 |
6.6 |
6.6 |
n.a. |
6.3 |
| Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) |
| 2002: Q3 |
8.1 |
8.1 |
8.1 |
7.8 |
| Q4 |
7.6 |
7.7 |
7.7 |
7.5 |
| 2003: Q1 |
7.6 |
7.6 |
7.7 |
7.5 |
| Q2 |
7.6 |
7.5 |
7.6 |
7.2 |
| Q3 |
7.4 |
7.5 |
7.4 |
7.6 |
| Q4 |
7.3 |
7.3 |
7.3 |
7.2 |
| 2004: Q1 |
7.4 |
7.4 |
7.3 |
7.0 |
| Q2 |
7.2 |
7.2 |
7.3 |
7.1 |
| Q3 |
7.4 |
7.4 |
7.5 |
6.9 |
| Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) |
| 2002: Q3 |
7.3 |
6.9 |
7.3 |
7.2 |
| Q4 |
6.8 |
6.7 |
7.0 |
6.7 |
| 2003: Q1 |
6.5 |
6.5 |
6.6 |
6.6 |
| Q2 |
6.8 |
6.4 |
6.4 |
6.4 |
| Q3 |
6.3 |
6.1 |
6.3 |
6.5 |
| Q4 |
6.5 |
6.5 |
6.9 |
6.7 |
| 2004: Q1 |
6.6 |
6.4 |
6.7 |
6.3 |
| Q2 |
6.9 |
6.4 |
6.5 |
6.5 |
| Q3 |
7.2 |
7.0 |
7.0 |
6.7 |
| Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) |
| 2002: Q3 |
n.a. |
7.9 |
7.9 |
7.5 |
| Q4 |
n.a. |
7.6 |
7.6 |
7.2 |
| 2003: Q1 |
n.a. |
7.4 |
7.5 |
7.0 |
| Q2 |
n.a. |
7.3 |
7.3 |
6.9 |
| Q3 |
n.a. |
7.2 |
7.3 |
6.8 |
| Q4 |
n.a. |
7.1 |
7.2 |
6.8 |
| 2004: Q1 |
n.a. |
7.0 |
7.1 |
6.7 |
| Q2 |
n.a. |
7.1 |
7.1 |
6.8 |
| Q3 |
n.a. |
7.3 |
7.4 |
7.0 |
| Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*) |
| 2002: Q3 |
n.a. |
7.4 |
7.5 |
7.2 |
| Q4 |
n.a. |
7.2 |
7.2 |
6.9 |
| 2003: Q1 |
n.a. |
6.9 |
7.0 |
6.6 |
| Q2 |
n.a. |
6.7 |
6.8 |
6.5 |
| Q3 |
n.a. |
6.7 |
6.8 |
6.5 |
| Q4 |
n.a. |
6.7 |
6.8 |
6.5 |
| 2004: Q1 |
n.a. |
6.6 |
6.7 |
6.4 |
| Q2 |
n.a. |
6.7 |
6.8 |
6.5 |
| Q3 |
n.a. |
6.9 |
7.0 |
6.7 |
| Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA) |
| 2002: Q3 |
n.a. |
n.a. |
n.a. |
n.a. |
| Q4 |
n.a. |
n.a. |
n.a. |
n.a. |
| 2003: Q1 |
n.a. |
6.9 |
7.6 |
7.5 |
| Q2 |
n.a. |
6.5 |
7.1 |
7.0 |
| Q3 |
n.a. |
6.5 |
7.0 |
7.2 |
| Q4 |
n.a. |
6.5 |
6.9 |
7.3 |
| 2004: Q1 |
n.a. |
6.4 |
7.1 |
7.2 |
| Q2 |
n.a. |
6.8 |
7.2 |
7.1 |
| Q3 |
n.a. |
6.7 |
7.2 |
7.4 |
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.
