C.5. Average Variable Interest Rates on Farm Loans
Percent
| Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*) |
| 2002: Q3 |
6.8 |
6.7 |
6.4 |
| Q4 |
6.7 |
6.6 |
6.3 |
| 2003: Q1 |
6.5 |
6.4 |
6.1 |
| Q2 |
6.3 |
6.2 |
5.9 |
| Q3 |
6.2 |
6.1 |
5.7 |
| Q4 |
6.1 |
6.1 |
5.7 |
| 2004: Q1 |
6.3 |
6.3 |
5.8 |
| Q2 |
6.4 |
6.3 |
6.0 |
| Q3 |
6.6 |
6.5 |
6.2 |
| Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) |
| 2002: Q3 |
7.5 |
7.4 |
6.9 |
| Q4 |
7.2 |
7.0 |
6.6 |
| 2003: Q1 |
7.0 |
6.9 |
6.4 |
| Q2 |
6.9 |
6.8 |
6.3 |
| Q3 |
6.7 |
6.6 |
6.1 |
| Q4 |
6.7 |
6.6 |
6.2 |
| 2004: Q1 |
6.7 |
6.6 |
6.1 |
| Q2 |
6.7 |
6.6 |
6.1 |
| Q3 |
7.3 |
6.8 |
6.4 |
| Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA) |
| 2002: Q3 |
n.a. |
n.a. |
n.a. |
| Q4 |
n.a. |
n.a. |
n.a. |
| 2003: Q1 |
5.8 |
6.0 |
6.2 |
| Q2 |
5.2 |
5.3 |
5.2 |
| Q3 |
5.1 |
5.3 |
5.6 |
| Q4 |
4.6 |
4.9 |
5.7 |
| 2004: Q1 |
5.8 |
6.2 |
6.3 |
| Q2 |
6.0 |
6.2 |
6.6 |
| Q3 |
6.2 |
6.6 |
6.8 |
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.
