C.7. Local Trends in Farm Income and Expenditures as Reported by Banks in Each Region Percent _____________________________________________________________________________________________________ Farm income Farm household spending Farm capital spending ________________________________________________________________________________________ Quarter Lower Same Higher Lower Same Higher Lower Same Higher _____________________________________________________________________________________________________ Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*) _____________________________________________________________________________________________________ 2006: Q4... | 35 27 38 17 54 29 34 40 26 2007: Q1... | 21 29 50 11 50 38 19 41 40 Q2... | 10 39 51 4 55 41 7 50 43 Q3... | 2 32 66 2 50 48 5 49 47 Q4... | 2 12 86 2 28 71 2 21 78 2008: Q1... | 0 10 90 0 32 68 1 19 81 Q2... | 6 17 77 6 27 67 6 26 68 Q3... | 10 30 60 7 37 57 11 35 55 Q4... | 46 23 31 26 46 27 35 34 30 _____________________________________________________________________________________________________ Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) _____________________________________________________________________________________________________ 2006: Q4... | 25 43 32 8 62 29 18 60 22 2007: Q1... | 18 38 44 5 59 36 14 53 33 Q2... | 13 49 39 7 55 38 12 56 32 Q3... | 6 38 56 5 52 44 8 51 41 Q4... | 7 25 68 5 47 48 7 38 55 2008: Q1... | 7 25 68 5 36 59 7 35 59 Q2... | 8 35 57 8 40 51 12 45 43 Q3... | 10 35 55 6 42 52 13 40 47 Q4... | 36 36 29 31 45 24 42 36 22 _____________________________________________________________________________________________________ Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA) _____________________________________________________________________________________________________ 2006: Q4... | 22 44 33 11 72 17 17 67 17 2007: Q1... | 20 30 50 0 75 25 5 55 40 Q2... | 10 15 75 5 70 25 10 45 45 Q3... | 5 11 84 5 53 42 5 26 68 Q4... | 5 0 95 11 42 47 11 26 63 2008: Q1... | 5 29 67 10 43 48 14 24 62 Q2... | 10 19 71 19 29 52 14 33 52 Q3... | 16 37 47 22 39 39 16 47 37 Q4... | 50 17 33 61 22 17 72 22 6 _____________________________________________________________________________________________________ * 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. 41