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A.10.

Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, February 5-9, 2007
Percent except as noted
$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

Volume of loans (thousands of dollars) 543,113 16,546 32,660 33,407 34,850 130,368 295,282
Number of loans 8,305 3,015 2,269 1,071 512 915 524
Weighted average maturity (months)1 23.65 11.92 17.48 20.01 23.23 42.88 16.96
Weighted average repricing interval (months)2 12.45 8.91 11.90 13.20 11.20 23.98 7.68
Weighted average risk rating3 2.42 2.33 2.53 2.36 2.33 2.25 2.50
Weighted average interest rate4 8.75 9.19 9.06 9.12 8.73 8.69 8.67
Standard error5 .14 .14 .22 .14 .16 .21 .23
Interquartile range6
75th percentile 9.42 9.73 9.69 9.65 9.50 9.47 9.42
25th percentile 8.26 8.30 8.45 8.77 8.25 8.03 8.75
Purpose of loan
Feeder livestock 9.06 9.79 8.59 9.65 8.54 9.09 9.09
Other livestock 8.93 8.70 9.17 10.17 9.56 9.07 7.25
Other current operating expenses7 8.67 9.05 9.08 9.02 8.79 8.61 8.60
Farm machinery and equipment 9.03 9.75 8.93 8.94 8.17 9.11 n.a.
Farm real estate 8.50 n.a. n.a. n.a. 9.02 8.53 8.00
Other8 8.95 9.97 9.42 9.18 7.50 n.a. 9.14
Share of total loan volume
Features of loan
Floating rates 35.61 30.65 34.75 44.91 43.56 31.99 35.59
Under commitment 50.53 49.91 41.64 41.52 47.39 43.90 55.86
Callable 32.23 16.75 29.38 14.57 12.94 11.48 46.84
Purpose of loan
Feeder livestock 12.43 4.95 6.38 5.58 11.05 4.51 17.95
Other livestock 4.84 8.99 19.67 5.30 8.03 7.58 1.32
Other current operating expenses7 70.60 67.88 45.35 63.70 58.35 68.03 76.92
Farm machinery and equipment 4.72 16.20 20.55 16.32 5.35 6.83 n.a.
Farm real estate 4.66 n.a. n.a. n.a. 10.33 13.05 1.60
Other8 2.75 1.97 8.05 9.11 6.90 n.a. 2.22
Type of collateral
Farm real estate 13.57 4.90 9.21 8.03 19.75 19.25 11.93
Other 84.25 88.89 86.95 86.68 80.25 80.75 85.43
Note. Most small and mid-sized farm lenders that reported loans to farmers had less than $25 million in farm loans.
For explanation of footnotes, see table A.8.
n.a. Not available.

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