C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier Percent ________________________________________________________________________________________________________________________________________________ Purpose of loan ___________________________________________________________________________________________________________________________________ Total Feeder cattle Dairy Crop storage Operating Farm machinery ___________________________________________________________________________________________________________________________________ Quarter Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher ________________________________________________________________________________________________________________________________________________ Seventh (Chicago) Federal Reserve District (IL*, IN*, IA, MI*, WI*) ________________________________________________________________________________________________________________________________________________ 2006: Q1... | 8 55 37 21 72 7 12 81 7 17 63 19 7 39 54 24 59 17 Q2... | 16 55 29 15 78 7 13 80 7 15 60 25 10 49 41 27 62 11 Q3... | 12 58 30 17 71 11 15 77 9 11 60 28 8 45 47 20 60 20 Q4... | 18 47 35 27 66 7 15 78 7 9 53 38 17 40 43 9 42 49 2007: Q1... | 10 51 38 23 68 8 13 79 8 5 51 45 9 42 49 7 47 45 Q2... | 10 59 30 23 71 6 12 79 8 8 48 44 11 55 34 11 47 42 Q3... | 15 50 35 16 72 12 9 86 5 5 58 37 13 46 40 7 40 53 Q4... | 16 42 41 27 67 6 9 80 11 5 62 33 18 32 50 9 35 56 2008: Q1... | 20 46 34 41 55 4 17 77 6 8 59 33 19 35 46 11 37 52 ________________________________________________________________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) ________________________________________________________________________________________________________________________________________________ 2006: Q1... | 23 58 19 25 67 8 12 83 5 14 83 3 21 62 16 23 64 12 Q2... | 25 61 14 35 61 4 11 82 2 13 77 5 20 58 22 23 67 10 Q3... | 23 63 14 21 67 12 11 80 4 11 85 5 13 59 28 23 73 4 Q4... | 14 66 20 26 63 11 10 80 5 10 85 6 11 66 23 25 66 9 2007: Q1... | 13 64 24 18 72 10 12 77 5 12 81 7 7 65 28 14 73 13 Q2... | 8 66 26 16 74 10 17 75 2 13 80 7 7 69 23 9 76 14 Q3... | 10 72 18 15 75 10 11 80 3 8 75 18 7 69 24 9 68 23 Q4... | 11 63 26 16 71 13 7 90 3 8 76 16 8 64 27 5 73 21 2008: Q1... | 22 57 21 29 65 6 11 86 4 17 76 7 19 55 26 18 59 23 ________________________________________________________________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) ________________________________________________________________________________________________________________________________________________ 2006: Q1... | 21 63 16 19 69 13 19 81 0 22 72 6 23 68 9 29 57 14 Q2... | 16 74 11 0 87 13 21 79 0 13 81 6 21 68 11 30 60 10 Q3... | 47 53 0 29 64 7 31 69 0 31 69 0 42 58 0 47 47 5 Q4... | 25 70 5 18 76 6 24 76 0 16 68 16 25 70 5 20 75 5 2007: Q1... | 26 58 16 20 67 13 21 64 14 44 50 6 21 58 21 20 65 15 Q2... | 12 88 0 6 94 0 13 88 0 11 78 11 11 84 5 11 89 0 Q3... | 36 64 0 18 82 0 20 80 0 8 58 33 21 71 7 46 38 15 Q4... | 39 56 6 33 67 0 31 69 0 24 76 0 17 61 22 26 68 5 2008: Q1... | 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. ________________________________________________________________________________________________________________________________________________ * State falls only partly within the indicated Reserve District. Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks. 33