A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, November 2-6, 2009
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)          1,230,938     30,562      75,977      89,965     136,342      217,716   680,376
Number of loans                                    17,408      5,537       4,975       2,618       2,012        1,453       814
Weighted average maturity (months) 1                13.24       7.24        8.29        9.38       12.37        12.03     15.12
Weighted average repricing interval (months) 2       2.76       1.94        2.63        2.87        5.12         3.42      2.11
Weighted average risk rating 3                       3.33       3.13        3.13        3.23        3.22         3.54      3.33

Weighted average interest rate 4                     4.19       5.39        5.23        5.07        4.96         4.36      3.69
  Standard error 5                                    .32        .11         .16         .19         .21          .36       .37
  Interquartile range 6
    75th percentile                                  5.32       6.16        6.10        5.88        5.95         5.26      4.85
    25th percentile                                  3.09       4.85        4.59        4.27        4.00         3.29      2.78
  Purpose of loan
    Feeder livestock                                 4.03       5.58        5.25        5.58        5.28         4.89      3.49
    Other livestock                                  3.95       5.32        4.63        5.10        4.64         3.91      3.36
    Other current operating expenses 7               4.66       5.48        5.43        5.25        5.24         4.92      4.06
    Farm machinery and equipment                     4.13       6.04        5.23        5.05        4.93         3.90      3.74
    Farm real estate                                 6.04       5.79        6.28        5.23        6.55         5.21      6.40
    Other 8                                          3.33       4.20        4.05        3.79        3.85         3.43      3.17

Share of total loan volume
  Features of loan
    Floating rates                                  87.08      85.31       86.14       79.26       80.57        84.29     90.49
    Under commitment                                82.83      88.41       84.95       79.13       80.78        87.66     81.69
    Callable                                        13.12      22.45       20.36       22.55       22.83        15.72      7.86
  Purpose of loan
    Feeder livestock                                13.94       3.91        6.72       12.90        9.11        11.09     17.21
    Other livestock                                  5.87       4.57        3.76        8.78        6.94         8.66      4.68
    Other current operating expenses 7              44.04      75.84       66.54       57.69       52.42        40.26     37.83
    Farm machinery and equipment                     9.10       5.71       10.26        6.63        9.68        11.83      8.47
    Farm real estate                                 2.45        .56        1.55         .72        3.24         4.00      2.21
    Other 8                                         24.59       9.43       11.17       13.29       18.60        24.15     29.61
  Type of collateral
    Farm real estate                                10.66       7.66        7.61        7.41       11.42        12.87     10.71
    Other                                           85.87      90.14       90.28       91.49       85.86        85.09     84.69
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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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