A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, November 3-7, 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)          1,408,572   50,840  141,845   589,585     477,713   26,856      4,584       117,149
Number of loans                                    18,875      839    2,145    10,125       3,329      534         67         1,837
Weighted average maturity (months) 1                25.53     9.17    12.67     19.58       23.06     9.53      10.04        100.15
Weighted average repricing interval (months) 2       7.02     6.31     4.02      9.69        2.02      .49        .36         19.70
Weighted average risk rating 3                       3.22     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     4.56     5.53     4.94      4.49        4.20     5.20       3.04          5.42
  Standard error 5                                    .19      .75      .21       .34         .46      .39       1.10           .33
  Interquartile range 6
    75th percentile                                  5.65     6.40     6.00      5.64        5.22     6.16       3.56          6.12
    25th percentile                                  3.56     4.18     4.07      3.30        3.30     4.07       1.51          4.29
  Purpose of loan
    Feeder livestock                                 4.68     4.84     5.21      4.70        3.57     4.80       n.a.          4.86
    Other livestock                                  4.36     6.40     5.30      4.30        4.34     4.07       n.a.          4.60
    Other current operating expenses 7               4.54     5.74     4.75      4.53        3.97     5.77       6.12          5.43
    Farm machinery and equipment                     5.77     n.a.     6.25      5.86        5.13     n.a.       n.a.          5.82
    Farm real estate                                 5.83     6.25     5.46      6.72        4.62     n.a.       n.a.          6.34
    Other 8                                          3.98     4.62     3.76      3.68        4.30     4.39       2.81          4.33

Share of total loan volume
  Features of loan
    Floating rates                                  84.59    28.31    69.26     88.24       91.10    87.01      93.32         81.77
    Under commitment                                79.81    68.91    69.34     87.40       85.45    97.64      51.94         33.06
    Callable                                        15.80    60.26    35.14     18.41        3.50     6.64       n.a.         12.85
    Subject to prepayment penalty                     .62     n.a.      .45      1.15         .06     n.a.       n.a.           .89
  Purpose of loan
    Feeder livestock                                 8.64    25.79    27.70      4.69        4.88      .90       n.a.         15.41
    Other livestock                                 10.31      .58     3.65     10.12       16.16     1.88       n.a.          1.98
    Other current operating expenses 7              40.03    60.30    51.65     42.57       34.32    58.60       6.81         24.65
    Farm machinery and equipment                     2.02     n.a.     3.22      2.34        1.21     n.a.       n.a.          3.74
    Farm real estate                                11.88    10.02     7.89      9.44       11.68     n.a.       n.a.         33.85
    Other 8                                         27.12     3.31     5.88     30.84       31.75    38.63      93.19         20.37
  Type of collateral
    Farm real estate                                11.46    15.36     6.85     12.62        5.60     6.01       n.a.         35.13
    Other                                           85.83    83.01    89.16     83.98       92.96    93.99      93.32         61.12
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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.
   n.a. Not available.

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