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A.13.

Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 7-11, 2007
Percent except as noted
Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported

Volume of loans (thousands of dollars) 359,873 58,377 56,103 132,362 18,952 18,928 18,467 56,685
Number of loans 11,901 2,019 2,799 3,280 893 154 638 2,118
Weighted average maturity (months)1 22.18 15.97 10.71 24.93 77.32 17.94 38.36 11.45
Weighted average repricing interval (months)2 10.57 7.71 5.54 11.80 15.98 17.70 18.40 8.94
Weighted average risk rating3 2.59 1.00 2.00 3.00 4.00 5.00 n.a. n.a.
Weighted average interest rate4 9.04 8.61 9.18 9.00 9.63 9.05 9.88 8.93
Standard error5 .07 .16 .14 .13 .21 .45 .22 .32
Interquartile range6
75th percentile 9.50 8.95 9.49 9.35 10.20 9.20 10.26 9.81
25th percentile 8.42 8.25 8.75 8.74 9.11 8.94 9.79 8.04
Purpose of loan
Feeder livestock 9.26 8.21 9.22 8.89 10.08 10.55 9.91 8.89
Other livestock 9.29 9.57 n.a. 9.53 10.20 9.65 9.63 8.52
Other current operating expenses7 9.03 8.59 9.09 9.08 9.40 9.01 10.06 9.12
Farm machinery and equipment 8.68 8.01 9.14 8.80 10.14 n.a. 8.52 8.52
Farm real estate 8.63 8.62 8.25 8.29 8.84 n.a. 11.07 8.69
Other8 9.13 8.86 9.44 7.72 10.29 9.17 9.75 9.25
Share of total loan volume
Features of loan
Floating rates 35.25 32.72 60.21 30.32 71.60 1.82 41.32 21.67
Under commitment 59.92 80.16 66.33 58.87 50.39 95.57 66.35 24.35
Callable 23.19 12.20 15.23 37.79 41.58 .95 n.a. 17.14
Purpose of loan
Feeder livestock 7.51 1.88 12.84 5.61 18.18 .95 21.65 6.47
Other livestock 9.07 3.23 21.70 6.57 5.20 4.43 3.86 12.98
Other current operating expenses7 68.08 84.27 54.26 73.71 35.72 92.93 52.36 59.61
Farm machinery and equipment 6.16 2.81 2.76 6.51 3.08 n.a. 9.17 14.25
Farm real estate 4.62 3.04 2.63 4.79 20.63 n.a. 3.79 4.30
Other8 4.56 4.77 5.80 2.82 17.20 1.70 9.17 2.38
Type of collateral
Farm real estate 12.21 6.71 6.39 13.13 42.33 29.76 3.79 8.29
Other 84.24 90.12 91.33 86.43 56.85 n.a. n.a. n.a.
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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