A.4. Average Maturity of Non-real-estate Bank Loans Made to Farmers Months ___________________________________________________________________________________________________________________________ Size of loan Size of bank's farm Purpose of loan (thousands of dollars) loan portfolio ______________________________________________________________________________________________________________ Other Farm current machinery 3 10 25 100 All Feeder Other operating and to to to and Small or Period loans livestock livestock expenses 1 equipment Other 2 9 24 99 over mid-size 3 Large 4 ___________________________________________________________________________________________________________________________ 1998...... | 9.8 8.0 10.3 9.9 27.5 6.8 8.8 11.3 12.5 8.7 13.2 6.8 1999...... | 11.5 8.0 11.0 11.3 20.1 10.5 9.8 11.2 12.4 11.4 13.8 9.2 2000...... | 11.2 8.0 10.8 9.5 22.4 13.2 9.7 11.5 11.1 11.4 12.3 10.0 2001...... | 13.2 8.5 14.0 10.3 24.3 15.3 9.6 11.9 12.5 14.1 15.5 11.4 2002...... | 11.2 8.6 11.5 10.2 23.3 11.7 9.4 10.9 12.5 10.8 13.8 9.0 2003...... | 12.5 8.5 9.4 11.1 26.5 14.4 9.5 11.2 12.7 12.9 14.9 9.9 2004...... | 11.9 9.2 11.9 10.0 23.3 12.0 9.6 11.8 12.9 11.7 14.0 9.9 2005...... | 12.9 9.4 10.0 9.9 18.9 18.3 9.3 11.4 13.5 13.1 13.5 12.4 2006...... | 12.7 8.7 12.9 10.0 15.9 18.3 9.6 11.7 12.6 13.1 13.5 12.3 2007...... | 13.3 9.9 15.1 9.7 21.4 18.5 9.8 11.8 11.6 14.3 13.9 12.9 2008...... | 13.8 9.5 12.3 9.1 30.6 21.7 9.2 11.1 12.6 14.6 13.3 14.1 2009...... | 11.0 9.6 8.4 8.5 27.9 14.3 9.1 10.7 11.8 10.9 14.1 9.4 2006: Q2... | 11.6 8.2 10.1 10.4 12.1 15.0 11.0 12.1 13.2 11.1 14.8 10.0 Q3... | 13.9 9.4 9.3 9.3 24.6 20.2 8.5 11.2 11.3 15.3 12.6 14.6 Q4... | 12.5 9.0 11.4 9.0 14.3 20.6 7.9 9.9 11.4 13.4 12.0 12.8 2007: Q1... | 13.5 10.3 16.5 10.8 33.0 16.3 9.6 14.2 12.5 13.8 14.7 12.3 Q2... | 12.8 10.3 9.8 10.6 21.6 16.5 10.4 12.2 11.3 13.8 13.3 12.4 Q3... | 13.9 6.8 23.9 8.1 20.5 18.3 10.5 10.7 10.1 16.2 13.8 13.9 Q4... | 13.1 10.6 11.6 8.6 15.0 21.7 8.3 10.0 12.4 14.0 13.7 12.9 2008: Q1... | 13.9 10.7 15.9 9.7 38.0 20.2 9.1 12.2 13.6 14.3 12.9 14.8 Q2... | 14.8 8.2 8.9 9.7 24.4 25.7 10.7 11.7 11.9 16.3 13.5 15.7 Q3... | 14.8 8.6 13.2 9.2 34.6 22.5 9.0 11.1 13.9 15.6 15.6 14.4 Q4... | 12.0 9.7 11.7 7.6 29.2 18.7 7.9 9.5 11.5 12.5 11.8 12.0 2009: Q1... | 10.8 9.7 9.6 8.3 36.8 14.0 9.6 12.5 14.6 9.9 14.8 8.5 Q2... | 11.8 12.6 7.5 9.8 31.7 14.6 10.0 11.9 12.6 11.7 14.1 10.7 Q3... | 11.7 7.0 7.7 8.8 35.0 15.8 8.7 9.7 10.8 12.5 15.3 9.8 Q4... | 9.8 9.5 8.8 7.4 15.9 13.2 8.0 8.7 8.9 10.4 11.8 9.0 ___________________________________________________________________________________________________________________________ Note. Data are estimates from the Federal Reserve System's Survey of the Terms of Bank Lending to Farmers. Quarterly estimates are expressed as an annual rate and are based on loans made during the first full week of the second month of the quarter. 1. Loans used primarily to finance such items as current crop production expenses and the care and feeding of livestock (including poultry). 2. Typically loans for which the lender does not know the purpose. 3. Portfolios with $25 million or less in farm loans. 4. Portfolios with more than $25 million in farm loans. 8