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*) _____________________________________________________________________________________________________ 2002: Q4... | 48 22 30 27 56 17 46 37 17 2003: Q1... | 52 27 20 30 52 18 53 34 13 Q2... | 28 50 22 19 65 16 34 53 13 Q3... | 28 47 25 17 70 13 31 65 4 Q4... | 8 33 59 6 61 33 16 51 33 2004: Q1... | 7 25 68 5 52 43 8 41 51 Q2... | 2 37 61 2 55 42 5 49 46 Q3... | 15 47 38 5 63 33 10 56 34 Q4... | 20 30 50 5 56 40 11 40 49 _____________________________________________________________________________________________________ Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) _____________________________________________________________________________________________________ 2002: Q4... | 63 30 8 40 50 9 65 33 1 2003: Q1... | 72 24 5 44 48 8 68 30 2 Q2... | 36 47 17 27 60 13 46 48 6 Q3... | 22 46 32 18 68 15 36 49 14 Q4... | 17 35 48 10 64 25 20 54 26 2004: Q1... | 11 42 47 8 68 25 16 53 31 Q2... | 11 49 40 9 65 26 15 60 24 Q3... | 11 51 38 6 71 23 12 63 25 Q4... | 10 40 50 5 60 35 9 53 38 _____________________________________________________________________________________________________ Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA) _____________________________________________________________________________________________________ 2002: Q4... | 63 30 8 40 50 9 65 33 1 2003: Q1... | 72 24 5 44 48 8 68 30 2 Q2... | 36 47 17 27 60 13 46 48 6 Q3... | 22 46 32 18 68 15 36 49 14 Q4... | 17 35 48 10 64 25 20 54 26 2004: Q1... | 11 42 47 8 68 25 16 53 31 Q2... | 11 49 40 9 65 26 15 60 24 Q3... | 11 51 38 6 71 23 12 63 25 Q4... | 10 40 50 5 60 35 9 53 38 _____________________________________________________________________________________________________ * 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