A.7.

Distribution of Dollar Amount of Non-real-estate Farm Loans, by Effective I
nterest Rate
Percent
________________________________________________________________________________
____________________________________________________________
Effective interest
rate (percent)
___________________________________________________________________
____________________________________________________________
Zero 5.0
6.0
7.0
8.0
9.0
10.0 11.0 1
14.0 15.0 16.0 17.0 18.0 19.0 20.0
All
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Quarter
rates 5.0
5.9
6.9
7.9
8.9
9.9
10.9 11.9 1
2.9 13.9 14.9 15.9 16.9 17.9 18.9 19.9 20.9
________________________________________________________________________________
____________________________________________________________
2.0

13.0

1994:
1.00
1995:
1.00
1996:
1.00
1997:
2.00
1998:
.01
1999:
1.00
2000:
5.00
2001:
.26
2002:
.06
2003:
.04
2004:
*
2005:
.02

Q3...
.01
Q3...
1.00
Q3...
.01
Q3...
.01
Q3...
.01
Q3...
.01
Q3...
1.00
Q3...
.01
Q3...
*
Q3...
.02
Q3...
.02
Q3...
.01

|

2002: Q1...
.00
*
Q2...
.00
.00
Q3...
.06
*
Q4...
.04
.04

|

2003: Q1...
.02
*
Q2...

|

100

4.00
*
*
*
*
.01
*
.01
*
*
*
.01
.01
.01
1.10
*
26.33
*
41.83
.02
36.91
*
8.94
*

4.00
*
*
.01
.01
.01
.01
*
.01
.01
2.00
*
.01
.01
9.00
*
27.25
*
23.79
*
26.22
*
14.99
*

20.00
*
5.00
*
15.00
*
5.00
*
8.00
*
4.00
*
1.00
.01
23.00
*
18.41
*
18.38
*
18.99
*
34.66
*

21.00
*
15.00
*
18.00
*
3.00
*
10.00
*
10.00
*
1.00
*
25.00
*
15.57
*
11.11
.07
12.61
*
24.51
*

23.00
*
8.00
*
25.00
*
33.00
*
30.00
*
35.00
*
16.00
*
25.00
*
8.76
.02
3.67
.02
3.57
*
14.68
*

24.00
*
30.00
*
22.00
*
33.00
*
29.00
*
32.00
*
30.00
*
12.00
*
2.82
*
.77
*
1.35
*
1.94
*

100 23.76
.00
| 100 23.24
.00
.00
| 100 26.33
*
*
| 100 38.69
.02
.02

17.31
*
22.45
.00
27.25
*
23.76
*

19.76
.00
17.77
.00
18.41
*
14.20
*

23.14
*
22.77
.00
15.57
*
12.97
*

10.76
.00
10.15
.00
8.76
.02
7.73
.02

100 37.28 22.16 18.64 14.73 4.88
*
*
*
*
.07
100 27.25 23.90 21.19 18.64 6.55

.01
|

100
*

|

100
.01

|

100
.01

|

100
*

|

100
.01

|

100
.01

|

100
*

|

100
*

|

100
.02

|

100
*

|

100
.01
.00

*
|

4.00

1.00

30.00 10.00
15.00

4.00

17.00

8.00

16.00

6.00

12.00

4.00

28.00 19.00
3.00

1.00

.49

.29

.22

.04

.27

.05

.21

.05

4.30
*
2.75
*
2.82
*
2.02
*

.80

.00

.77

.00

.49

.29

.44

.04

1.72
*
1.77

.47

.02

.51

.08

.08

*
Q3...
.04
.02
Q4...
.02
*
2004: Q1...
.05
*
Q2...
.05
*
Q3...
*
.02
Q4...
.02
.04

.03

*
*
*
*
*
100 41.83 23.79 18.38 11.11 3.67
.02
.02
*
*
.07
.02
| 100 46.26 21.96 16.40 10.95 3.03
.02
*
*
*
*
*

*
.77
*
1.10
*

.22

.04

.25

*

|

1.16
*
.61
*
1.35
*
1.21
*

.27

.05

.25

.02

.27

.05

.67

.04

|

100 43.84
.02
| 100 42.54
.02
*
| 100 36.91
*
*
| 100 31.55
*
*
.07

22.35
*
25.54
*
26.22
*
30.94
*

17.33
*
17.44
*
18.99
*
19.15
*

11.30
*
10.50
*
12.61
*
11.56
*

3.56
*
3.02
*
3.57
*
4.82
*

2005: Q1... | 100 11.07 19.85 27.21 29.30 11.22 1.06
.17
.13
*
*
*
*
.00
.00
*
*
*
Q2... | 100 6.46 19.30 39.57 24.01 8.33 1.98
.19
.13
.02
*
*
.00
*
*
*
*
*
Q3... | 100 8.94 14.99 34.66 24.51 14.68 1.94
.21
.05
.02
.01
.01
*
*
*
*
*
*
________________________________________________________________________________
____________________________________________________________
Note. Non-real-estate farm loans of $1,000 or more made by insured commercial
banks. Effective (compounded) annual interest rates are
calculated from the stated rate and other terms of the loans and weighted by loa
n size. Percentages may not sum to 100 because of rounding.
* Indicates value of zero.
Source. Federal Reserve Survey of the Terms of Bank Lending to Farmers, condu
cted during the first full business week of the second month
of each quarter.
11