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*) ________________________________________________________________________________________________________________________________________________ 2007: 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 2009: Q1... | 15 54 32 34 63 3 21 69 10 21 68 11 9 41 50 31 55 14 Q2... | 30 49 21 42 56 2 32 57 11 26 62 12 21 47 32 42 49 9 Q3... | 24 54 22 38 58 5 33 61 6 21 59 19 17 43 41 39 50 11 Q4... | 20 58 21 30 65 4 26 67 7 20 63 17 20 47 33 30 54 16 ________________________________________________________________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) ________________________________________________________________________________________________________________________________________________ 2007: 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 2009: Q1... | 30 59 11 41 56 3 17 74 4 15 77 8 16 65 20 36 58 6 Q2... | 33 58 9 33 64 3 22 67 6 10 87 3 22 61 17 33 63 4 Q3... | 36 56 8 38 60 2 26 67 2 21 70 4 27 61 13 39 58 3 Q4... | 33 58 10 27 67 5 25 68 2 16 77 2 24 63 13 30 67 3 ________________________________________________________________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) ________________________________________________________________________________________________________________________________________________ 2007: 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 2009: Q1... | 41 53 6 33 67 0 47 53 0 35 59 6 35 55 10 47 53 0 Q2... | 67 33 0 53 40 7 53 40 7 35 59 6 44 44 11 67 28 6 Q3... | 75 13 13 57 36 7 50 36 14 38 44 19 31 44 25 50 38 13 Q4... | 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