A.5. Average Effective Interest Rates on Non-real-estate Bank Loans Made to Farmers Percent
| Period | All loans |
Purpose of loan | Size of loan (thousands of dollars) |
Size of bank�s farm loan portfolio |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feeder livestock |
Other livestock |
Other current operating expenses1 |
Farm machinery and equipment |
Other2 | 1 to 9 |
10 to 24 |
25 to 99 |
100 and over |
Small or mid-size3 |
Large4 | ||
| 1997 | 9.2 | 9.6 | 9.8 | 9.9 | 9.8 | 8.5 | 10.2 | 10.0 | 9.9 | 8.8 | 10.0 | 8.7 |
| 1998 | 9.0 | 9.4 | 9.7 | 9.6 | 9.3 | 8.0 | 10.1 | 9.9 | 9.7 | 8.4 | 9.8 | 8.3 |
| 1999 | 8.7 | 9.1 | 9.1 | 9.2 | 8.8 | 7.6 | 9.7 | 9.5 | 9.3 | 8.1 | 9.4 | 7.9 |
| 2000 | 9.7 | 9.8 | 9.9 | 9.9 | 9.3 | 9.3 | 10.3 | 10.2 | 10.1 | 9.4 | 10.2 | 9.3 |
| 2001 | 7.8 | 7.6 | 8.0 | 8.4 | 8.3 | 7.0 | 9.1 | 8.7 | 8.3 | 7.3 | 8.9 | 7.1 |
| 2002 | 5.9 | 6.1 | 5.8 | 6.4 | 6.7 | 4.8 | 7.3 | 7.0 | 6.5 | 5.3 | 7.2 | 4.9 |
| 2003 | 5.4 | 5.1 | 5.4 | 5.7 | 6.0 | 4.6 | 6.7 | 6.4 | 5.9 | 4.8 | 6.5 | 4.3 |
| 2004 | 5.4 | 5.3 | 5.5 | 5.7 | 5.5 | 4.8 | 6.6 | 6.4 | 5.9 | 5.0 | 6.4 | 4.5 |
| 2005 | 6.7 | 6.9 | 6.9 | 7.0 | 7.0 | 6.0 | 7.7 | 7.5 | 7.1 | 6.5 | 7.4 | 6.3 |
| 2006 | 8.2 | 8.3 | 8.4 | 8.4 | 8.4 | 7.7 | 8.9 | 8.9 | 8.6 | 8.0 | 8.7 | 8.0 |
| 2007 | 8.3 | 8.6 | 8.3 | 8.5 | 8.5 | 7.6 | 9.0 | 9.0 | 8.7 | 8.0 | 8.8 | 8.0 |
| 2008 | 5.6 | 5.7 | 5.6 | 5.9 | 6.3 | 4.8 | 6.8 | 6.6 | 6.1 | 5.3 | 6.8 | 4.9 |
| 2005: Q4 | 7.4 | 7.5 | 7.7 | 7.5 | 7.7 | 6.7 | 8.3 | 8.1 | 7.7 | 7.1 | 7.8 | 7.0 |
| 2006: Q1 | 8.0 | 7.9 | 8.0 | 8.1 | 8.1 | 7.3 | 8.5 | 8.5 | 8.2 | 7.8 | 8.3 | 7.7 |
| Q2 | 8.1 | 8.2 | 8.3 | 8.3 | 8.0 | 7.4 | 8.6 | 8.8 | 8.5 | 7.8 | 8.5 | 7.8 |
| Q3 | 8.6 | 8.4 | 8.8 | 8.8 | 9.0 | 8.3 | 9.3 | 9.2 | 8.7 | 8.4 | 9.0 | 8.4 |
| Q4 | 8.4 | 8.5 | 8.6 | 8.7 | 9.1 | 7.5 | 9.2 | 9.0 | 8.8 | 8.1 | 8.9 | 8.1 |
| 2007: Q1 | 8.5 | 8.9 | 8.3 | 8.7 | 8.9 | 8.1 | 9.2 | 9.1 | 8.8 | 8.4 | 8.9 | 8.2 |
| Q2 | 8.6 | 9.0 | 8.5 | 8.9 | 8.7 | 7.9 | 9.2 | 9.1 | 8.9 | 8.4 | 9.1 | 8.3 |
| Q3 | 8.5 | 8.9 | 8.6 | 8.8 | 8.4 | 7.7 | 9.1 | 9.2 | 8.8 | 8.1 | 8.9 | 8.3 |
| Q4 | 7.7 | 8.2 | 8.1 | 7.8 | 8.1 | 6.9 | 8.6 | 8.5 | 8.3 | 7.4 | 8.4 | 7.3 |
| 2008: Q1 | 6.5 | 6.7 | 6.7 | 6.8 | 7.1 | 5.8 | 7.6 | 7.4 | 6.9 | 6.3 | 7.3 | 5.9 |
| Q2 | 5.7 | 5.5 | 5.8 | 6.1 | 5.9 | 4.9 | 6.7 | 6.4 | 6.2 | 5.4 | 6.7 | 5.1 |
| Q3 | 5.3 | 5.6 | 5.4 | 5.5 | 6.3 | 4.7 | 6.6 | 6.6 | 6.1 | 4.9 | 6.8 | 4.8 |
| Q4 | 4.8 | 5.0 | 4.9 | 5.1 | 6.5 | 4.0 | 6.1 | 6.1 | 5.6 | 4.3 | 6.2 | 4.1 |
| 2009: Q1 | 5.1 | 5.8 | 4.1 | 5.5 | 5.4 | 3.5 | 5.7 | 5.5 | 5.2 | 5.0 | 6.1 | 4.5 |
| Q2 | 4.7 | 5.3 | 4.4 | 5.0 | 6.0 | 3.6 | 5.9 | 5.6 | 5.3 | 4.3 | 6.1 | 4.1 |
Note. Data are estimates from the Federal Reserve System's Survey of the Terms of Bank Lending to Farmers. Effective (compounded) interest rates are calculated from the stated rate and other terms of the loans and weighted by loan size. Quarterly estimates are expressed as an annual rate and are based on loans made during the first full week of the second month of the quarter. 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 2. Typically loans for which the lender does not know the purpose. Return to table 3. Portfolios with $25 million or less in farm loans. Return to table 4. Portfolios with more than $25 million in farm loans. Return to table