C.2.

Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier
Percent
Purpose of loan
Total
Quarter

Lower

Same

Feeder cattle
Higher

Lower

Same

Dairy

Higher

Lower

Same

Crop storage
Higher

Lower

Same

Operating

Higher

Lower

Farm machinery

Same

Higher

Lower

Same

Higher

Seventh (Chicago) Federal Reserve District (IL*, IN*, IA, MI*, WI*)
2000: Q3...
Q4...

16
16

60
53

24
31

23
18

66
67

11
15

26
28

66
66

8
7

17
25

57
66

26
9

11
7

54
42

35
51

43
39

49
52

8
9

2001: Q1...
Q2...
Q3...
Q4...

13
20
23
19

54
57
59
53

33
23
18
28

14
22
24
24

70
65
67
68

16
13
9
8

25
22
22
16

68
71
72
77

7
7
6
6

29
29
27
28

61
61
66
67

10
9
7
5

8
12
13
12

43
53
60
47

49
35
27
40

42
42
42
43

45
50
47
45

13
8
11
12

2002: Q1...
Q2...
Q3...

19
18
23

54
63
54

27
19
23

25
32
32

68
64
64

7
3
3

20
20
26

72
73
67

8
7
7

27
28
25

67
65
69

6
6
6

11
12
16

49
60
49

40
28
35

39
38
33

51
54
50

10
7
17

Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX)
2000: Q3...
Q4...

24
20

60
57

16
23

32
15

52
65

16
20

18
15

80
78

2
2

16
16

74
78

10
6

17
14

61
55

22
31

31
29

60
55

10
16

2001: Q1...
Q2...
Q3...
Q4...

20
25
22
24

58
55
60
63

22
21
18
13

17
16
19
18

65
64
63
67

17
19
19
16

17
17
18
16

78
78
77
78

5
5
5
6

14
14
15
12

83
77
80
81

3
9
5
8

17
18
18
19

57
61
63
64

26
21
19
18

29
31
31
35

60
56
58
58

11
13
11
7

2002: Q1...
Q2...
Q3...

29
29
24

55
60
63

16
11
13

25
37
30

65
58
60

10
5
10

18
20
20

75
74
73

7
6
7

18
20
16

77
74
76

5
6
9

25
23
21

59
58
58

16
19
21

35
31
31

57
62
65

8
7
5

Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*)

33

2000: Q3...
Q4...

40
19

57
71

3
10

35
13

65
80

0
7

29
25

71
75

0
0

11
13

59
69

30
19

26
14

65
77

9
9

38
30

53
70

9
0

2001: Q1...
Q2...
Q3...
Q4...

17
27
40
25

70
70
55
67

13
3
5
8

12
17
28
30

88
83
72
70

0
0
0
0

18
26
27
18

82
74
73
76

0
0
0
6

10
19
6
29

81
73
76
57

10
8
18
14

8
13
8
19

72
88
88
74

20
0
4
7

24
26
25
41

68
74
71
56

8
0
4
4

2002: Q1...
Q2...
Q3...

19
31
30

70
62
57

11
8
13

16
27
22

76
73
78

8
0
0

20
23
22

72
77
78

8
0
0

18
29
21

79
67
63

4
4
16

21
33
33

69
63
59

10
3
7

23
41
50

67
59
50

10
0
0

C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier (continued)
Percent
Purpose of loan
Other intermediate1

Feeder livestock
Quarter

Lower

Same

Higher

Lower

Same

Other operating2

Farm real estate

Higher

Lower

Same

Higher

Lower

Same

Farm machinery

Higher

Lower

Same

Higher

Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*)
2000: Q3...
Q4...

14
15

71
69

15
16

27
23

65
74

8
3

35
39

53
55

12
6

6
9

68
78

26
13

39
43

54
53

7
4

2001: Q1...
Q2...
Q3...
Q4...

14
17
17
17

76
75
77
77

10
8
6
6

18
19
16
25

76
76
78
64

6
6
6
11

28
28
26
29

62
64
62
55

11
8
12
17

7
6
10
6

69
67
68
75

23
27
22
19

34
35
28
44

61
60
67
47

5
5
4
9

2002: Q1...
Q2...
Q3...

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

n.a.
n.a.
n.a.

Note. Beginning in 2002, the Minneapolis Reserve District will no longer report loan demand.
1. Non-real-estate loans with a term greater than one season. Primarily comprises loans for farm machinery.
2. Loans used primarily to finance such items as current crop production expenses and the care and feeding of livestock (including poultry).
* State falls only partly within the indicated Reserve District.
n.a. Not available.
Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks.

34