A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, August 4-8, 2008
Percent except as noted
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                                                           $1,000 to  $10,000 to  $25,000 to  $50,000 to  $100,000 to  $250,000
Loan characteristic                             All sizes   $\9,999    $24,999     $49,999     $99,999     $249,999    and over
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Volume of loans (thousands of dollars)          1,333,060     30,786      65,258      78,206     116,905      234,132   807,773
Number of loans                                    16,401      5,566       4,349       2,304       1,776        1,519       887
Weighted average maturity (months) 1                23.12       9.20       10.21       10.13       12.99        20.17     28.15
Weighted average repricing interval (months) 2       3.70       1.70        3.46        3.54        4.61         4.45      3.47
Weighted average risk rating 3                       3.24       3.10        3.09        3.13        3.13         3.30      3.26

Weighted average interest rate 4                     4.97       6.07        5.99        5.76        5.57         5.23      4.60
  Standard error 5                                    .27        .19         .17         .16         .17          .18       .37
  Interquartile range 6
    75th percentile                                  5.65       6.81        6.70        6.59        6.18         6.01      5.12
    25th percentile                                  4.03       5.12        5.12        5.04        4.72         4.32      4.03
  Purpose of loan
    Feeder livestock                                 5.36       6.25        6.07        5.12        5.61         5.37      5.23
    Other livestock                                  4.86       5.75        5.74        4.99        5.07         4.80      4.78
    Other current operating expenses 7               5.14       6.08        6.01        5.85        5.69         5.23      4.58
    Farm machinery and equipment                     5.82       7.79        6.60        5.98        6.16         5.90      5.18
    Farm real estate                                 5.91       6.38        5.93        6.81        6.11         6.43      5.63
    Other 8                                          4.51       5.51        5.54        5.38        5.00         4.69      4.42

Share of total loan volume
  Features of loan
    Floating rates                                  86.99      85.77       79.45       80.72       79.01        83.96     90.28
    Under commitment                                76.87      84.90       83.45       78.55       78.56        72.32     76.95
    Callable                                        16.26      27.83       26.85       25.25       25.55        20.43     11.54
  Purpose of loan
    Feeder livestock                                 3.65       1.10        2.38        2.22        5.25         7.07      2.76
    Other livestock                                  7.41       3.97        4.75        5.27        7.54         5.87      8.39
    Other current operating expenses 7              44.88      79.93       70.75       71.58       60.87        53.43     34.07
    Farm machinery and equipment                     3.76       2.59        7.41        5.16        6.19         7.53      1.92
    Farm real estate                                 4.78       3.39        2.84        2.42        4.02         6.54      4.82
    Other 8                                         35.53       9.01       11.86       13.35       16.13        19.56     48.04
  Type of collateral
    Farm real estate                                19.57       6.84        5.75        8.14        9.71        13.47     25.47
    Other                                           75.80      87.60       89.34       83.52       84.77        76.25     72.07
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   Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans.
   For explanation of footnotes, see table A.8.

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