A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, May 2-6, 2005 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) 1,333,963 44,142 71,171 81,756 109,936 237,165 789,793 Number of loans 23,081 11,595 4,860 2,422 1,622 1,560 1,023 Weighted average maturity (months) 1 23.10 10.32 11.23 16.72 15.31 24.61 26.05 Weighted average repricing interval (months) 2 3.85 2.13 2.70 4.92 3.78 4.88 3.64 Weighted average risk rating 3 3.41 3.15 3.15 3.20 3.23 3.26 3.53 Weighted average interest rate 4 6.41 7.50 7.28 7.06 6.63 6.74 6.08 Standard error 5 .16 .14 .15 .12 .11 .14 .20 Interquartile range 6 75th percentile 7.08 8.25 8.00 7.75 7.25 7.50 6.70 25th percentile 5.86 6.75 6.51 6.28 5.90 6.00 5.38 Purpose of loan Feeder livestock 6.37 7.25 7.33 6.97 6.63 6.56 6.09 Other livestock 6.43 7.80 6.92 7.31 6.25 6.36 6.12 Other current operating expenses 7 6.58 7.57 7.38 7.12 6.59 6.69 5.92 Farm machinery and equipment 6.77 7.21 7.14 7.10 6.92 7.10 6.59 Farm real estate 6.77 7.44 7.07 6.40 6.96 6.82 6.74 Other 8 6.05 7.11 6.89 6.87 6.59 6.70 5.87 Share of total loan volume Features of loan Floating rates 89.75 82.85 79.95 74.38 80.26 82.37 96.15 Under commitment 81.68 88.59 88.44 80.68 82.60 80.49 81.01 Callable 22.31 32.18 35.04 38.50 28.08 29.87 15.86 Purpose of loan Feeder livestock 9.25 4.11 7.35 10.15 12.58 9.33 9.14 Other livestock 3.77 3.12 3.77 6.58 6.97 6.93 2.12 Other current operating expenses 7 32.00 76.54 70.14 52.80 45.19 37.32 20.48 Farm machinery and equipment 14.63 5.99 4.85 11.82 12.57 18.61 15.38 Farm real estate 5.96 1.21 2.22 3.05 5.06 5.44 7.14 Other 8 34.39 9.03 11.67 15.61 17.62 22.36 45.75 Type of collateral Farm real estate 8.22 2.42 3.84 6.28 8.57 10.90 8.28 Other 81.39 88.74 90.16 86.31 87.40 85.30 77.67 _______________________________________________________________________________________________________________________________ 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. 14