A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 4-8, 2008
Percent except as noted
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Loan characteristic                                All     Minimal    Low    Moderate  Acceptable  Special  Not rated  Not reported
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Volume of loans (thousands of dollars)          1,873,586  205,293  310,675   604,975     436,647   61,748     23,469       230,780
Number of loans                                    26,119    2,846    4,177     9,895       4,206      722        526         3,748
Weighted average maturity (months) 1                23.10    19.11    24.08     23.02       24.55     8.94      15.97         27.60
Weighted average repricing interval (months) 2       8.98    11.19    15.68      6.91        7.86     3.38      12.95          6.90
Weighted average risk rating 3                       2.90     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     6.56     6.92     6.64      6.39        6.19     6.59       8.03          7.10
  Standard error 5                                    .08      .21      .21       .17         .20      .26        .42           .36
  Interquartile range 6
    75th percentile                                  7.38     7.38     7.20      7.25        6.70     7.64       8.58          7.98
    25th percentile                                  5.64     6.06     6.00      5.61        5.34     5.73       7.52          6.17
  Purpose of loan
    Feeder livestock                                 6.69     7.08     6.44      6.78        6.86     6.35       6.71          6.74
    Other livestock                                  6.67     7.11     7.03      6.86        5.40     5.14       8.49          7.55
    Other current operating expenses 7               6.80     6.90     6.81      6.76        6.24     6.81       8.44          7.39
    Farm machinery and equipment                     7.05     7.12     8.18      6.64        7.42     5.81       7.03          7.16
    Farm real estate                                 6.58     6.98     5.55      7.17        6.91     n.a.       7.25          6.61
    Other 8                                          5.87     6.78     6.21      5.46        6.08     6.35       6.41          6.25

Share of total loan volume
  Features of loan
    Floating rates                                  66.25    28.18    49.73     75.53       83.36    72.73      22.26         68.40
    Under commitment                                67.97    51.91    74.66     79.25       74.68    68.96      38.62         33.73
    Callable                                        22.74    26.03    56.46     12.69        5.46    23.68       9.81         34.55
    Subject to prepayment penalty                    1.79     1.82      .35      3.31        1.72      .74       n.a.           .26
  Purpose of loan
    Feeder livestock                                 6.83     4.67    13.52      6.62        1.56      .04       2.59         12.51
    Other livestock                                  6.27     3.89     9.50      3.64        6.90     6.51      22.46          8.06
    Other current operating expenses 7              53.17    79.78    58.91     49.16       40.35    70.70      53.92         51.77
    Farm machinery and equipment                     3.48     4.73     1.67      4.41        2.17      .24       3.50          5.73
    Farm real estate                                 6.48     1.91     9.80      5.58        5.76     n.a.       3.70         11.81
    Other 8                                         23.77     5.02     6.60     30.59       43.26    22.51      13.83         10.12
  Type of collateral
    Farm real estate                                14.38    14.78    12.93     15.00       12.25     8.32       9.15         20.51
    Other                                           80.92    79.68    82.75     79.84       85.41    90.63      89.90         70.41
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   For explanation of footnotes, see table A.8.
   n.a. Not available.

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