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: 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 Q2... | 26 49 25 45 52 3 22 72 6 10 56 34 26 36 38 11 46 44 Q3... | 18 37 45 31 64 4 19 76 5 13 67 20 8 35 57 18 49 33 Q4... | 16 41 43 28 72 1 13 77 10 19 67 14 7 30 63 22 50 27 ________________________________________________________________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) ________________________________________________________________________________________________________________________________________________ 2006: 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 Q2... | 21 56 23 40 53 8 13 85 2 8 78 14 15 51 34 17 60 23 Q3... | 15 71 15 31 65 4 11 89 0 13 74 13 11 58 30 24 66 9 Q4... | 38 52 10 47 48 5 19 69 6 23 71 6 22 52 26 40 50 10 ________________________________________________________________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) ________________________________________________________________________________________________________________________________________________ 2006: 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. Q2... | 25 56 19 20 73 7 21 71 7 19 56 25 13 75 13 25 63 13 Q3... | 60 33 7 36 64 0 46 54 0 29 64 7 40 47 13 47 53 0 Q4... | 56 38 6 43 57 0 50 50 0 36 50 14 50 38 13 50 38 13 ________________________________________________________________________________________________________________________________________________ * State falls only partly within the indicated Reserve District. Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks. 33