Full text of E.15 Agricultural Finance Databook : June 1987
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
E.15 (125)
AGRICULTURAL FINANCE
DATABOQfe«.m
j„„^_________
.■
Of
June 1987
k' " ‘ -
Guide to internal tables of
0
s*ffY
in 6 /
on sources
Page
Farm sector financial data*.................. .......................
3
Farm debt outstanding (including households), annual and quarterly... 25
Amount and characteristics of farm loans made by commercial banks.... 34
Farm credit conditions at commercial banks....... ...................41
Emanuel Melichar
Division o f Research and Statistics
Board o f Governors o f the Federal Reserve System
Washington, D .C. 20551
2
This issue of the Agricultural Finance Databook replaces the last issue (June 1986) and other earlier issues.
Because several revisions and corrections in concepts and data are made in this issue, discard earlier issues.
Parts or all of the Agricultural Finance Databook may be copied and distributed freely. When only selected
tables are distributed to others, please also copy and distribute the corresponding "contents" page providing
sources and other information (pages 3, 25, 34, or 41), the front cover identifying the Databook and date of
issue, and this page providing subscription information. This will be much appreciated, as most inquiries in
the past have been from persons who did not have or did not examine these pages. Remaining substantive
questions may be addressed to the author at the address shown on the cover.
To receive the Agricultural Finance Databook (Statistical Release E.15)
on a regular basis, send your name and address (including zip code) to:
Publications Services, Mail Stop 138
Federal Reserve Board
Washington, D.C. 20551
This release is furnished on a complimentary basis to college and university teachers, libraries of educational
institutions, government departments and agencies, and public libraries. Others should enclose the annual
subscription fee of $4.00.
Notice of change of address also should be sent to Publications Services.
showing your old address.
Include a copy of the back cover
New data series in this issue
Farm returns and cost of debt that reflect the exclusion of CCC "loans" (see note on page 3).
Quarterly series of total farm debt, by lender, that are consistent with the annual year-end estimates made
by the USDA (see note on page 25).
PROFITABILITY OF FARM CAPITAL
101
Rates of return to assets and equity...................................
4
FARM SECTOR FINANCIAL DATA IN 1986 DOLLARS
112
342
412
Cash flow and returns from factors (labor, management, and capital)....
Real capital gains........... •.........................................
Balance sheet (assets, liabilities, and equity)........................
6
8
10
FARM SECTOR FINANCIAL DATA IN CURRENT DOLLARS
111
341
411
511
521
531
Cash flow and returns from factors (labor,management, and capital)......
Real capital gains.... .................................................
Balance sheet (assets, liabilities, andequity)..........................
Total debt, by lender.............
Real estate debt, by lender.............................................
Non-real-estate debt, by lender........................................
12
14
16
18
20
22
Price index used in computing values in 1986 dollars and real capital gains.... 24
Data are for the farm sector excluding farm households. Except as noted below, data are USDA series published in
Economic Indicators of the Farm Sector, National Financial Summary, 1985, USDA, ERS, ECIFS 5-2, November 1986.
Income data for 1910-39 are from predecessor publications. Data on assets and debt for 1910-39 are based on
series published by Alvin S. Tostlebe in Capital in Agriculture: Its Formation and Financing Since 1870,
Princeton University Press, 1957, and series in Historical Statistics of the United States, Colonial Times to
1970, U.S. Bureau of the Census, 1975. Data for 1986 are estimated primarily from USDA forecasts published in
Tables 32, 33, and 36 of Agricultural Outlook, AO-131, ERS, USDA, June 1987, except that debt estimates are based
on reports from lenders.
Several series in this section differ from those published by the USDA. In Tables 101 through 341, farm debt
excludes CCC "loans," and, as a temporary stratagem, a corresponding amount has been subtracted from farm assets.
Because farmers neither repay nor pay interest on most CCC "loans," this treatment improves the estimates of
return on assets, cost of debt, and return on equity.
(Proceeds of CCC "loans" are included in farm income.)
Tables 411, 511, and 531 show debt totals both including and excluding CCC "loans." Table 411 shows assets before
the adjustment described above, but the series differs from that published by the USDA because its bank deposit
component has been replaced by a series estimated by the author.
3
4
TABLE 101
RATES OF RETURN TO FARM ASSETS AND EQUITY (EXCLUDING FARM HOUSEHOLDS)
YEAR
AMOUNTS, ANNUAL AVERAGE
CURRENT DOLLARS
(MILLIONS OF DOLLARS)
ASSETS
DEBT
AMOUNTS, ANNUAL AVERAGE
1986 DOLLARS, PCE DEFLATOR
(MILLIONS OF DOLLARS)
EQUITY
ASSETS
DEBT
EQUITY
TOTAL
REAL
REAL TOTAL
REAL
TOTAL
INCOME CAPITAL RETURh
INCOME CAPITAL RETURN INTEREST CAPITAL REAL
GAINS
GAINS COST
GAINS
1910...
1911...
1912...
1913...
1914...
1915...
1916...
1917...
1918...
1919...
39143.
40412.
41743.
43295.
44370.
46085.
49915.
55776.
62040.
69917.
5311.
5640.
6154.
6681.
7029.
7399.
8145.
9369.
10501.
12196.
33832.
34772.
35589.
36615.
37341.
38686.
41769.
46407.
51539.
57722.
495934.
512016.
510640.
517150.
522941.
537793.
541517.
515289.
488008.
478837.
67284.
71453.
75283.
79798.
82838.
86340.
88367.
86559.
82599.
83522.
428650.
440563,
435357.
437352.
440104.
451453.
453150.
428730.
405409.
395314.
5.5
3.5
5.6
3.9
4.8
5.0
4.9
10.1
8.9
7.6
2.7
1.6
-. 9
2.1
-1.4
.6
-2.2
-5.7
-6.4
.3
8.2
5.1
4.7
6.0
3.4
5.6
2.7
4.4
2.5
7.9
1920...
1921...
1922...
1923...
1924...
1925...
1926...
1927...
1928...
1929...
71296.
62991.
57984.
56617.
55275.
54696.
53 884.
53 540.
54345.
54 781.
14607.
15 393.
14 907.
14585.
13 852.
13228.
13043.
12 955.
13 027.
12 860.
56689.
47599.
43078.
42033.
41423.
41468.
40841.
40585.
41319.
41921.
421549.
416915.
409769.
393060.
382991.
369597.
360673.
365261.
375817.
378830.
86366.
10 1879.
10 5343.
101252.
95975.
89387.
87301.
88381.
90083.
88929.
335182.
315036.
304425.
291808.
287016.
280211.
273372.
276880.
285734.
289901.
4.5
1.2
3.2
3.8
3.6
6.7
5.2
5.1
5.5
5.7
-14.0
-4.0
1.8
-4.3
-1.5
-3.1
-1.8
2.9
2.2
1.2
1 9 3 0 ...|
1931...
1932...
1933...
1934...
1935...
1936...
1937...
1938...
1939...
51736.
44764.
37 358.
34694.
36123.
38133.
40250.
41014.
40401.
40 402.
12291.
11517.
10604.
95 61.
8808.
86 26.
85 08.
8317.
8269.
8271.
39445.
33 247 .
26754.
25132.
27315.
29507.
31741.
32696.
32132.
32131.
366970.
352798.
332419.
320191.
309238.
318749.
331975.
326348.
326713.
328861.
87179.
90769.
94359.
88242.
75405.
72103.
70175.
66183.
66869.
67322.
279791.
262029.
238060.
231949.
233833.
246646.
261800.
260166.
259844.
261539.
2.5
1.9
.2
2.1
2.5
7.5
4.6
7.4
3.5
3.7
41 667.
45760.
53840.
62988.
70962.
78271.
87137.
96878.
103755.
10 5453.
84 0 4 .
8 5 60 ,
8 2 72 ,
76 0 4
69 8 4
67 1 4
7035
7725
85 7 4
92 74
33263.
37200.
45568.
55384.
63978.
71557.
80102.
89153.
95181.
96180.
334763.
342182.
364203.
389959.
415498.
440624.
452320.
455285.
461044.
470419.
67521.
64009.
55953.
47074.
40893.
37 794.
36 518.
36 304.
38099.
41369.
267242.
278172.
308250.
342885.
374605.
402830.
415802.
418980.
422944.
429051.
3.6
6.4
9.1
8.1
4.7
4.6
6.9
5.8
7.7
3.4
1940...
1941...
1942...
1943...
1944...
1945...
1946...
1947...
1948...
1949...
1
RETURN TO EQUITY
(PERCENT)
COST OF DEBT
(PERCENT)
RETURN TO ASSETS
(PERCENT)
5.2
2.9
5.4
3.3
4.4
4.6
4.5
10.8
9.4
7.8
3.1
2.1
-.6
2.8
-1.4
1.5
-.5
-3.9
-4.8
3.1
8.4
5.0
4.8
6.1
3.0
6.1
4.0
6.9
4.6
10.8
5.4
15.8
9.4
5.6
5.4
5.1
7.3
8.2
7.0
7.9
3.9
-.6
2.0
2.8
2.6
6.6
4.8
4.7
5.2
5.4
-17.3
-8.2
1.5
-5.3
-1.6
-3.6
-2.6
3.3
2.7
1.1
-13.4
-8.9
3.5
-2.5
1.0
3.0
2.2
8.0
7.8
6.6
-6.7
-11.6
-8.3
1.9
5.1
2.0
2.3
1.0
-1.0
.0
13.2
18.0
14.6
4.3
.9
3.4
2.8
4.1
6.1
5.2
1.2
.3
-2.3
.6
1.4
8.1
4.4
8.1
3.1
3.2
-7.0
-12.7
-15.3
5.0
3.2
3.5
5.1
-5.0
-4.0
2.9
-5.8
-12.3
-17.6
5.7
4.6
11.6
9.5
3.1
-.9
6.2
4.2
8.8
9.8
7.4
5.0
6.0
10.2
6.6
2.2
-.4
.9
-3.5
-4.5
-2.2
.4
-.7
-5.0
-1.4
3.1
5.8
3.2
6.6
9.8
8.5
4.7
4.5
7.1
5.8
7.9
3.2
-2.5
5.3
5.9
8.0
4.3
2.8
.0
3.4
-2.6
-2.2
.7
12.0
15.7
16.5
9.0
7.3
7.1
9.2
5.3
1.0
7.1
7.1
7.0
7.0
7.0
6.9
6.8
6.7
6.6
6.6
.0
1.5
2.8
1.9
1.4
4.0
10.9
14.7
14.4
12.7
7.1
5.6
4.1
5.2
5.6
2.9
-4.1
-8.0
-7.8
-6.1
-9.6
-2.9
5.0
-.4
2.1
3.5
3.4
8.0
7.6
6.9
6.9
6.8
6.9
6.7
6.8
6.8
6.7
6.6
6.5
6.5
1.5
-9.0
-2.5
1.1
1.4
1.7
-.6
-1.6
-.6
-1.4
-3.8
-6.4
-8.6
3.1
1.2
2.2
3.5
-4.1
-3.0
2.3
-1.3
-4.5
-8.5
5.3
3.7
9.7
8.1
3.3
.5
6.0
6.4
6.5
6.4
6.1
6.0
5.4
5.1
5.1
5.1
5.2
-2.8
2.7
3.5
6.1
3.4
2.0
-.8
2.6
-2.6
-2.0
.8
9.1
12.6
14.2
8.2
6.6
6.1
8.3
5.1
1.4
5.1
5.3
5.3
5.3
5.3
5.3
5.2
5.3
5.3
5.4
1
E
1
1
TABLE 101
RATES OF RETURN TO FARM ASSETS AND EQUITY (EXCLUDING FARM HOUSEHOLDS)
YEAR
AMOUNTS, ANNUAL AVERAGE
CURRENT DOLLARS
(MILLIONS OF DOLLARS)
AMOUNTS, ANNUAL AVERAGE
1986 DOLLARS, PCE DEFLATOR'
(MILLIONS OF DOLLARS)
RETURN TO EQUITY
I
COST OF DEBT
(PERCENT)
I
(PERCENT)
1
TOTAL
REAL
REAL
TOTAL I
REAL
TOTAL
INCOME CAPITAL RETURN INTEREST CAPITAL REAL
INCOME CAPITAL RETURN
GAINS
GAINS
GAINS COST
RETURN TO ASSETS
(PERCENT)
ASSETS
DEBT
EQUITY
ASSETS
DEBT
EQUITY
1 9 50 .
1 9 51 .
1952 .
1 9 53 .
1 9 59 .
1 9 55 .
1956 .
1957 .
1958 .
1959.
113685.
129317.
139781.
131072.
130685.
139930.
190999.
198957.
160956.
169769.
10 178.
11 699.
12902.
13099.
13322.
19 910.
15981.
16539.
18120.
20177.
103508.
117623.
121879.
117979.
117363.
120020.
125018.
132929.
192336.
199587.
995528.
531221.
591970.
516153.
512858.
520902.
533056.
598739.
579876.
600217.
99361.
98036.
51881.
51581.
52281.
55789.
58735.
60907.
65989.
71336.
951166.
983185.
990089.
969572.
960577.
969618.
979321.
987831.
519392.
528881.
9.6
5.9
9.9
3.3
3.1
2.2
2.2
2.2
3.7
1.7
8.1
5.0
-6.5
-5.6
1.8
1.3
3.6
2.9
5.7
.7
12.7
10.9
-2.0
-2.3
9.9
3.5
5.8
5.1
9.9
2.9
1960.
1961.
1962 .
1963.
1969 .
1965.
1966.
1967 .
1968.
19 69 .
172591.
17 7198.
189808.
192517.
200995.
212559.
227152.
239590.
25 1993.
2.63259.
21857.
23293.
25 399.
28 031.
30798.
33980.
37999.
90 651.
92965.
95025.
150735.
153956.
159969.
169987.
169697.
178579.
189659.
198889.
208529.
218230.
599085.
607688.
622569.
639112.
659022.
681861.
706833.
727538.
730802.
733259.
75867.
79709.
85377.
93055.
10 0990.
109003.
11 6669.
123967.
129899.
125910.
523218.
527980.
537192.
596057.
553532.
572858.
590169.
609071.
605953.
607899.
2.3
3.0
2.9
3.0
2.9
3.9
3.7
2.8
2.5
3.1
-1.2
2.1
1.9
1.5
2.5
9.0
2.1
.5
-.8
-.7
1.1
5.0
9.3
9.5
5.0
7.9
5.8
3.3
1.8
2.9
1970.
1971 .
1972.
1973.
1979 .
19 75 .
1976 .
1 9 77 .
1978
19 79 .
279131.
290653.
321823.
381680.
933555.
979939.
553137.
629268.
719190.
850222.
97930.
50826.
55792.
62905.
71503.
80290,
9 0 38 3,
1031 93
118308
1381 72
226701.
239827.
266081.
318776.
362052.
399195.
962755.
521126.
600832.
712051.
729737.
739255.
786989.
878788.
903509.
929859.
1009078.
1068836.
11 97007.
1291628.
126258.
129272.
13 6311.
199833.
199008.
15 9786.
16 9883.
17 6595.
18 8698.
201780.
603979.
609982.
650672.
733955.
759995.
770068.
899195.
892292.
958310.
1039899.
3.0
3.0
9.2
7.7
9.5
3.6
2.1
1.7
2.3
2.5
-.7
2.8
8.1
10.8
.0
6.8
9.5
3.9
8.9
5.0
1980.
1 9 81 .
1982
19 83 ,
1 9 89 .
1985 .
1986 .
960316.
1002598.
985229.
95 8759.
899892.
| 803968.
| 726568.
1
____________
157660
173026
18 9999
189907
1 9 08 95
182596
166156
802657.
829523.
800731.
768852.
709097.
621922.
560913.
1266375.
1210269.
1125126.
1051779.
95 0672.
820992.
726568.
207907.
208879.
210692.
208332.
201619.
186298.
16 6156.
1058968.
1001390.
919939.
893998.
799057.
639199.
560913.
1.2
2.2
2.1
1.2
3.1
3.5
9.1
-.9
-7.3
-7.3
-9.9
-19.2
-13.1
-9.0
'
5.5
5.6
5.6
5.6
5.5
5.5
5.5
5.6
5.6
5.7
5.2
3.2
2.9
.9
.5
1.3
3.1
2.5
1.3
2.1
.3
2.9
3.2
9.7
5.1
9.2
2.5
3.1
9.3
3.6
9.5
5.9
9.3
3.1
2.9
1.8
1.7
1.8
3.9
1.2
9.9
5.8
-6.9
-6.1
2.0
1.7
9.5
3.5
6.6
1.1
13.9
11.2
-2.6
-3.1
9.9
3.9
6.2
5.9
10.0
2.3
5.8
5.8
5.8
5.9
5.9
5.8
5.9
6.1
6.2
6.9
1.6
1.3
1.7
1.7
1.9
2.2
2.9
2.9
9.9
9.9
9.2
9.5
9.1
9.2
9.5
3.6
3.0
3.1
1.8
2.1
1.8
2.5
2.9
2.5
1.8
2.9
3.3
2.1
1.8
2.9
-1.1
2.6
1.9
2.0
3.3
5.2
3.1
1.2
-.0
.1
.7
5.1
9.9
9.5
5.0
8.1
6.3
3.3
1.8
2.9
2.2
5.9
12.3
18.9
9.6
10.9
11.6
5.2
11.3
7.5
6.8
6.6
6.6
7.0
7.6
7.6
7.8
7.9
8.3
9.1
9.9
9.3
3.7
7.9
9.0
6.3
5.0
6.1
7.9
9.2
2.3
2.9
2.9
-.9
-1.9
1.3
2.8
1.8
.9
-.1
2.2
2.3
3.7
7.8
3.9
2.8
1.0
.5
1.2
1.2
.0
9.3
10.6
19.5
1.8
9.5
12.3
5.3
12.1
7.7
2.2
6.6
19.3
22.3
5.7
12.3
13.3
5.8
13.3
8.9
.7
-5.2
-5.2
-3.7
-11.1
-9.6
-9.9
9.9
11.0
11.9
10.8
10.6
9.8
9.1
9.5
6.8
9.9
3.9
3.9
3.9
2.3
.9
9.2
7.0
6.9
7.2
6.5
6.8
-.5
.9
-.0
-1.2
1.1
1.6
2.7
1.3
-7.5
-8.0
-5.1
-17.1
-16.0
-11.0
.8
-7.1
-8.0
-6.3
-16.0
-19.9
-8.3
1
1
!
!
1
1
1
I
1
|
|
5
6
TABLE 112
FARM CASH FLON AND RETURNS TO FACTORS (LABOR, MANAGEMENT, AND CAPITAL)
1986 DOLLARS, PCE DEFLATOR
AMOUNTS IN MILLIONS OF DOLLARS
1
less!
1EQUALS * L e s s *
1
GROSS ! NONFACTOR
CASH CAPITAL
INCOME I OPERATING
FLON CONSUMP
1EXPENSES
FROM
TION
FACTORS
1
YEAR
LESS:
EQUALS:
INCOME
FROM
FACTORS
HIRED
LABOR
LESS:
EQUALS:
(EXCLUDING FARM HOUSEHOLDS)
EQUALS:|
OPERATORS*
INCOME INTEREST INCOME
FROM
LABOR AND
ON
FROM
MANAGEMENT ASSETS
DEBT
EQUITY
(IMPUTED) 1
ASSETS
DEBT
13966.
8379.
-9705.
10617.
-7190.
3991.
-11919.
-29560.
-31990.
1978.
1037.
2135.
1997.
1160.
3912.
9653.
12698.
11899.
10627.
90693.
26070.
29 009.
30789.
1/861,
30217.
19699.
22690.
12 1 5 0 .
37657.
35888.
22058.
20885.
26669.
13253.
27686.
18290.
29533.
18 571.
92779.
12911.
-2091.
5970.
8296.
7920.
18612.
13059.
12975.
19822.
15727.
-59202.
-16798.
7251.
-16799.
-5899.
-11609.
-6618.
10996.
8086.
9570.
1293.
-9216.
-2617.
1157.
1376.
1979.
-983.
-1953.
-997.
-1276.
-90362.
-11910.
20969.
-1623.
80 9 9 ,
13 060,
12 292.
2 9 26 1,
2 8 72 5
26 0 9 8 ,
-99998.
-28005.
10609.
-7297.
2952.
8981.
5959.
22019.
22911.
19021.
5593.
5867.
6025.
5911.
9516.
3898.
3611.
3397.
3907.
3523.
3901.
882.
-5983.
1968.
3302.
19990.
11565.
20950.
8092.
8988.
-13789.
-22720.
-28700.
10 091.
3709.
7119.
11727.
-13592.
-9687.
7699.
-5879.
-10513.
-7791.
1691.
3839.
1962.
1699.
659.
-652.
-9790,
-15971,
-28158,
16920,
1152 2
31007
2 6 90 3
10756
1762
19661
-16262.
-32351.
-91979.
13 150.
10890.
28571.
29936.
8067.
-2296.
16138.
3997.
3387.
2963.
2989.
2172.
2009.
1915.
1908.
2031.
2298.
8600.
18993.
30200.
29083.
17559.
18325.
29987.
29990.
33967.
13697.
-9953.
9195.
12 660.
23897.
19 238.
8879.
-3676.
11 690.
-11815.
-9230.
2837.
5609.
5995.
3509.
2028.
2276.
3729.
2913.
853.
-156.
2599
31026
9 5 82 3
55918
33969
29 208
27726
37988
23 6 8 2
6 7 15
1989.
33293.
98355.
56939.
33829.
29980.
29535.
38993.
22509.
9311.
. 93172.
. 83397.
.| 9 6 9 9 9 .
.| 8 7 1 0 9 .
. 91678.
. 93513.
. 96 580.
. 127932.
. 129223.
. 119660.
19992.
19166.
20223.
20528.
20929.
20267.
22298.
23787.
27261.
25738.
73730.
69231.
76271.
66581.
71259.
73296.
79331.
109196.
96963.
88922.
3819.
9130.
9299.
9372.
9920.
9808.
5077.
5183.
5616.
5602.
69916.
60101.
71977.
62210.
66835.
68938.
69259.
98963.
91396.
83320.
9566.
9609.
9652.
9609.
9976.
9511.
9807.
10 912.
10517.
10 376.
33179.
32806.
33 611.
32939.
32 308.
32150.
32889.
36351.
37290.
36765.
27176. 1
17 691. 1
28719.
20167.
25051.
26776.
26558.
52200.
93589.
36179.
9755.
5099.
5259.
5612.
5768.
5993.
6007.
5805.
5972.
5510.
22922.
12692.
23955.
19555.
19283.
20833.
20551.
96395.
38117.
30669.
1920..
1921..
1922..
1923..
1929..
1925..
1926..
1927..
1928..
1929..
.I
.I
.1
.
.
.
.
.
.
.
99 963.
62299.
73177.
79529.
80599.
90 595.
89518.
85086.
90210.
90586.
23689.
18375.
20095.
21619.
23965.
23760.
23601.
29336.
26901.
26176.
70779.
93868.
53082.
57909.
56629.
66786.
60918.
60799.
63308.
69910.
5699.
5613.
5229.
5151.
5176.
9999.
9565.
9721.
9855.
9979.
65080.
38256.
97853.
52753.
51953.
62292.
56353.
56028.
58959.
59931.
10589.
7799.
7969.
8685.
8697.
8561.
8902.
8883.
8921.
8990.
35657.
25679.
26670.
28992.
28863.
29062.
28591.
28381.
28899.
28969.
18890.
9838.
13 219.
15126.
13992.
29669.
18910.
18765.
20 63 9. 1
21 97 7. 1
5929.
6879.
7299.
6831.
6523.
6057.
5855.
5789.
5817.
5750.
1930..
1931..
1932..
1933..
1939..
1935..
1936..
1937..
1938..
1939..
.
.
.
.
.
.
.
.
.
.
79698.
65199.
53339.
59 352.
61086.
82901.
77579.
92363.
78910.
82197.
23992.
20978.
18669.
19590.
20289.
21880.
29569.
26981.
25106.
27765.
50657.
99721.1
39665.
39812.1
90797.I
60521.
53011.
65881.
53309.
59933.
5926.
5993.
5339.
9790.
9917.
9930.
9767.
5129.
5983.
5266.
95230.
39 228.
29326.
35 022.
36379.
56091.
98299.
60757.
97821.
99166.
8399.
7209.
5953.
5699.
5813.
6978.
7159.
7862.
7917.
8092.
27888.
25 275.
22832.
22999.
22799.
25725.
25909.
28597.
28955.
29113.
89 99 . 1
67 99 . 1
591. 1
6879.
7817.
23887.
15176.
29298.
11 999.
12011.
1990.. .
1991.. .
1992.. .
1993.. .
1999.. .
1995.. .
1996.. .
1997.. .
1998.. .
;1999. ..
86917.
10 2288.
13 0969.
190673.
136702.
13 8963
198221
19 6853
1567 52
132325
31117.
31960.
36881.
90099.
90939.
93369.
99991.
98730.
51186.
98321.
5311.
5376.
7859.
7237.
7032.
6035.
9833.
5813.
7319.
9020.
99 990.
69952.
85735.
93392.
88736.
89069.
98 897.
92 309.
98298.
79 989.
8267.
9390.
11033.
12599.
12893.
12 992.
13 193.
13 079.
13 286.
12 517.
29 675.
33781.
91539.
99271.
56111.
55793.
59352.
52882.
99969.
96521.
12097.
21831.
33163.
31572.
19 731.
20329.
31902.
26398.
35997.
15 995.
TOTAL RETURN
FROM—
ASSETS
1910..
1911..
1912..
1913..
1919..
1915..
1916..
1917..
1918..
1919..
55300.
70328.
93588.
100629.
95768.
95099.
103730.
98123.
105566.
89009.
REAL CAPITAL GAINS
(PCE BASIS) ON—
I
I
I
I
|
1
______
1
1
1
1
I
0
0
.
.
EQUITY
TABLE 112
FARM CASH FLOW AND RETURNS TO FACTORS (LABOR, MANAGEMENT, AND CAPITAL)
1986 DOLLARS, PCE DEFLATOR
AMOUNTS IN MILLIONS OF DOTLARS
LESS:
YEAR
GROSS
INCOME
NONFACTOR
OPERATING
EXPENSES
EQUALS:
LESS:
EQUALS:
CASH CAPITAL
INCOME
FLOW CONSUMPFROM
FROM
TION
FACTORS
FACTORS
LESS:
HIRED
LABOR
OPERATORS*
LABOR AND
MANAGEMENT
(IMPUTED)
EQUALS:
LESS:
(EXCLUDING FARM HOUSEHOLDS)
EQUALS:
INCOME 1INTEREST INCOME
FROM
ON
FROM
ASSETS
DEBT
EQUITY
REAL CAPITAL GAINS
(PCE BASIS) ON— |
TOTAL RETURN
FROM—
ASSETS
DEBT
ASSETS
EQUITY
1 9 5 0 ...
1 9 5 1 ...
1 9 5 2 ...
1 9 5 3 ...
1 9 5 4 ...
1 9 5 5 ...
1 9 5 6 ...
l nr’7 . . .
1 9 5 8 ...
1 9 5 9 ...
139145.
151800.
145891.
129731.
128367.
123731.
123139.
122467.
134969.
127695.
51407.
56763.
56171.
50551.
51881.
52191.
52559.
53652.
58546.
60823.
87738.
95037.
89719.
79180.
76487.
71540.
70580.
68815.
76424.
66872.
10030.
11141.
11706.
11928.
12279.
12461.
12403.
12636.
12757.
13209.
77708.
83896.
78014.
67252.
64207.
59078.
58178.
56179.
63667.
53663.
12253.
11999.
11488.
10774.
10188.
10123.
10020.
10072.
10271.
10271.
42775.
43081.
42519.
39281.
37892.
37650.
36611.
33777.
32187.
33041.
22681.
28816.
24007.
17197.
16127.
11 3 0 5 .1
11546.
12330.
21209.
10351.
2437.
2674.
2907.
2871.
2900.
3062.
3248.
3400.
3675.
4059.
20245.
26141.
21100.
14326.
13227.
8243.
8298.
8930,
17533.
6292.
40024.
26428.
-3 5 0 1 7 .
-2 9 0 1 2 .
9061.
6952.
19354.
15670.
33117.
4279.
2325.
1540.
1232.
452.
260,
723.
1804.
1509.
884.
1468.
62705.
55244.
-11010.
-11815.
25188.
18257.
30900,
28000.
54326,
14630,
62594.
54109.
-12685,
-14234.
22548.
15918.
29457.
26109.
51534.
12040.
1 9 6 0 ...
1 9 6 1 ...
1 9 6 2 ...
1 9 6 3 ...
1 9 6 4 ...
1 9 6 5 ...
1966 . . .
1 9 6 7 ...
1968. . .
1 9 6 9 ...
127553.
132400.
135928.
137017.
130863.
142121.
149667.
145766.
143032.
149229.
59026.
60605.
63541.
64928.
62885.
65383.
69917.
71566.
69732.
71258.
68527.
71795.
7238 7 .
72089.
67978.
76739.
79750.
74200.
73300.
77971.
13097.
13039.
13189.
13422.
13707.
13986.
14395.
15086.
15541.
15751.
55430.
58756.
59199.
58667.
54271.
62752.
65355.
59114.
57760.
62220.
10629.
10947.
11113.
11287.
11365.
11561.
11457.
11308.
11388.
11562.
30902.
29750.
30073.
28415.
27206.
27954.
27801.
27711.
27858.
28236.
13900.
18059.
18012.
18965.
15701.
23237.
26097.
20095.
18514.
22421.
4401.
4619.
4979.
5491.
5883.
6371.
6889.
7472.
7680.
8083.
9498.
13440.
13033.
13474.
9818.
16866.
19208.
12623.
10834.
14338.
-71 51 .
12533.
8992.
9548.
16677.
27094.
14755.
3842.
-55 03 .
-49 74 .
1242.
1037.
1440.
1536.
1373,
2452.
3350.
3606.
5475.
5500.
6749.
30592,
27004.
28512.
32379.
50331.
40853.
23937.
13011.
17447.
3589.
27009.
23465.
24558.
27868.
46412.
37314.
20071.
10806.
14865.
1 9 7 0 ...
1 9 7 1 ...
1 9 7 2 ...
1 9 7 3 ...
1 9 7 4 ...
1 9 7 5 ...
1 9 7 6 ...
1 9 7 7 ..,
1 9 7 8 ,..
1 9 7 9 ...
148457.
149737.
165451.
218709.
194988.
184078.
176910.
174117.
192264.
206801.
72313.
73904.
77392.
92813.
91216.
86678.
90898.
89882.
99914.
108935.
76144.
75832.
88059.
125896.
103772.
97400.
86011.
84234.
92351.
97866.
15679.
16102.
16436.
17360.
18605.
20456.
21516.
22542.
22885.
23799.
60465.
59730.
71623.
108536.
85167.
76944.
64496.
61692.
69466.
74066.
11479.
11044.
11073.
11867.
12662.
12705.
13699.
13617.
13205.
13115.
27403.
26212.
27494.
29426.
31433.
30792.
29580.
29457.
29435.
30051.
21584.
22474.
33057.
67243.
41072.
33447.
21218.
18618.
26826.
30900.
8529.
8589.
8967.
10207.
11316.
11719.
12794.
13947.
15612.
18304.
13054.
13885.
24089.
57037.
29756.
21728.
8424.
4671.
11215.
12596.
-54 57 .
20915.
63869.
94885.
59.
63133.
95841.
36673.
102276.
61829.
5593.
5510.
4980.
11446.
13475.
9771.
8242.
10746.
13902.
18472.
16127.
43389,
96925.
162129,
41131.
96580.
117058,
55291.
129102.
92729.
13190.
40309.
92938.
163368.
43290.
94632.
112507.
52090.
127392.
92897.
1 9 8 0 ...
•1981. . .
1982. . .
1 9 8 3 ...
1 9 8 4 ...
1 9 8 5 ...
1 9 8 6 ...
182481.
185752.
172022.
154118.
171525.
159339.
149140.
103744.
96051.
87942.
85560.
83056.
78637.
71200.
78737.
89701.
84080.
68558.
88469.
80702.
77940.
23535.
23675.
22751.
21593.
20318.
18035.
16570.
55202.
66026.
61329.
46966.
68150.
62667.
61370.
12255.
10781.
11628.
10596.
10394.
10560.
10255.
28028.
28621.
25842.
23713.
28286.
23682.
21000.
14920.
26623.
23859.
12657.
29470.
28425.
30115.
20621.
23079.
23961.
22557.
21419.
18299.
15050.
-57 01 .
3544.
-10 2.
-9900.
8051.
10126.
15065.
-5614.
-88953.
-8 2 6 7 5 .
-5 1 1 3 3 .
-134740.
-107520.
-6 5 6 1 4 .
19807.
14235,
9316.
8118.
6932.
6258.
3792.
j
8493.
9306.
-62330,
-7 1 1 7 4 .
-58 81 5
-7 3 4 6 1 .
-38476,
-52916.
-10 5 2 7 0 ,. -1 1 9 7 5 7 ,
-79095.
-91135.
-35 49 9,.
-46757.
7
8
TABLE 342
REAL CAPITAL GAINS, PCE BASIS (EXCLUDING FARM HOUSEHOLDS)
1986 DOLLARS, PCE DEFLATOR
AMOUNTS IN MILLIONS OF DOLLARS
PHYSICAL ASSETS
YEAR
TOTAL
TOTAL
ASSETS
TOTAL
REAL
ESTATE
MACHINERY
AND
MOTOR
VEHICLES
LIVE
STOCK
FINANCIAL ASSETS
STORED
CROPS
HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS
INVEST
U .S .
MENTS
SAVINGS
IN
BONDS COOPERA
TIVES
DEBT
TOTAL
CURRENCY
AND BANK
DEPOSITS
0.
-204.
-394.
-253.
-191.
-564.
-1794.
-2 4 0 8 .
-2192.
-2 2 7 9 .
0.
-17 6.
-336.
-213.
-1 6 0 .
-4 6 9 .
-1 5 1 6 .
-2 0 5 6 .
-1886.
-1 9 9 7 .
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
0.
-29.
-58.
-39.
-31 .
-9 5 .
-278.
-3 5 2 .
-306.
-28 2.
0.
1037.
2135.
1497.
1160.
3412.
9653.
12698.
11894.
10627.
1 9 1 0 ...
1 9 1 1 ...
1 9 1 2 ...
1 9 1 3 ...
1 9 1 4 ...
1 9 1 5 ...
1 9 1 6 ...
1 9 1 7 ...
1 9 1 8 ...
1 9 1 9 ...
13466.
9416.
-2570.
12115.
-60 30 .
6853.
-2261.
-16862.
-19546.
12105.
13466.
8379.
-4 7 0 5 .
10617.
-7 1 9 0 .
3441.
-11914.
-29 56 0.
-31 44 0.
1478.
13466.
8583.
-4311.
10870.
-7 0 0 0 .
4005.
-10 1 2 0 .
-27 15 3.
-29247.
3757.
13182.
7480.
351.
3705.
-5555.
9396.
-17710.
-24872.
-2 1 8 6 4 .
17314.
-134.
-35 1.
-55 2.
-304.
30.
25.
-482.
861.
-4 1 0 .
-16 87 .
2546.
-2459.
3921.
4758.
2885.
-18 79 .
-15 09 .
1800.
-61 28 .
-12163.
-2128.
3914.
-8031.
2711.
-43 60 .
-35 37 .
9581.
-49 41 .
-846.
293.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
1 9 2 0 ...
1 9 2 1 ...
1 9 2 2 ...|
1 9 2 3 ...I
1 9 2 4 ...I
1 9 2 5 ...
1 9 2 6 ...
1 9 2 7 ...
1 9 2 8 ...
1 9 2 9 ...
-5 7 9 0 9 .
-25964.
4634.
-15593.
-44 68 .
-10131.
-71 00 .
9043.
7589.
3294.
-59 2 0 2 .
-16 74 8.
7251.
-16 74 9.
-5 8 4 4 .
-11 60 9.
-6618.
10496.
8086.
4570.
-58 95 0.
-18 33 0.
6785.
-16543.
-5597.
-11326.
-6 7 1 1 .
10209.
7988.
4318.
-3 0 5 4 5 .
-1 2 0 0 8 .
-1 9 .
-15 55 9.
-94 73 .
-68 76 .
-5 5 5 7 .
3773.
4430.
4333.
-14 35 .
187.
1158.
924.
238.
-404.
-1 7 2 .
-2 8 4 .
-83.
-94 .
-13114.
-39 68 .
2141.
-30 21 .
-15 48 .
1763.
1658.
4045.
4016.
-264.
-13856.
-2541.
3504.
1112.
5185.
-5 8 0 9 .
-2640.
2675.
-374.
342.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
-252.
1581.
466.
-2 0 6 .
-24 6.
-28 3.
93.
288.
98.
253.
-22 2.
1376.
400.
-1 7 4 .
-20 4.
-231.
76.
229.
77.
196.
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
-3 1 .
205.
66.
-3 2 .
-4 2 .
-52 .
18.
58.
21.
57.
1293.
-9216.
-2 6 1 7 .
1157.
1376.
1479.
-483.
-1453.
-4 9 7 .
-1 2 7 6 .
1 9 3 0 ...
1 9 3 1 ...
1 9 3 2 ...
1 9 3 3 ...
1 9 3 4 ...
1 9 3 5 ...
1 9 3 6 ...
1 9 3 7 ...
1 9 3 8 ...
1 9 3 9 ...
-19663.
-33 2 3 3 .
-36491.
11682.
7538.
8581.
13371.
-1 2 8 8 3 .
-10338.
7649.
-13784.
-22 72 0.
-28 70 0.
10041.
3704.
7119.
11727.
-13 5 4 2 .
-9687.
7649.
-14949.
-24747.
-30 08 9.
!
10346.
4593.
7530.
12231.
-13331.
-98 99 .
7649.
-7 1 3 7 .
-12 46 1.
-25328.
7212.
-58 69 .
5608.
1447.
-24 82 .
-49 21 .
-30 34 .
1007.
2049.
1034.
-319.
29.
128.
-3 4 .
322.
483.
-302.
-73 08 .
-53 81 .
-2016.
-9 7 1 .
-5 1 3 .
11309.
-2 3 7 5 .
335.
1685.
1322.
-15 10 .
-8954.
-3778.
4424.
10945.
-9 5 1 6 .
13192.
-11 50 6.
-7146.
9663.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
XXXXXX
XXXXXX
I
1166.
2027.
1389.
-3 0 5 .
-8 8 9 .
-41 0.
-5 0 3 .
-21 1.
213.
0.
887.
1480.
954.
-20 5.
-6 2 1 .
-30 1.
-3 7 4 .
-154.
154.
0.
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
279.
546.
435.
-10 1.
-268.
-10 9.
-129.
-5 7 .
59.
0.
-58 79 .
-10 51 3.
-7791.
1641.
3834.
1462.
1644.
659.
-65 2.
0.
1940. . .
1941. . .
1942. . .
1943. . .
1 9 4 4 .. .
1 9 4 5 .. .
1946. . .
1947. . .
1948. . .
1 9 4 9 ...
-66 16 .
14800.
18156.
27351.
16265.
11155.
48.
14052.
-10 96 3.
-93 86 .
-9453.
9195.
12660.
23847.
14238.
8879.
-3 6 7 6 .
11640.
-11815.
-9230.
-8 4 4 3 .
11296.
15186.
26168.
16031.
11484.
1486.
14980.
-10724.
-9405.
-40 99 .
752.
2179.
19116.
15919.
17502.
-9 6 6 .
-22 64 .
1914.
1045.
-5 8 0 .
-446.
4212.
4383.
3487.
-9 3 1 5 .
-5354.
778.
3680.
1505.
-7 2 6 .
6760.
8453.
-66 25 .
-2 8 8 6 .
2096.
7625.
4808.
4025.
-74 30 .
-3038.
4229.
342.
9293.
-489.
1200.
180.
11658.
-2 0 3 4 3 .
-4525.
XXXXXX
XXXXXX
1
I
-1010.
-2100.
-25 25 .
-2321.
-17 93 .
-26 04 .
-5162.
-33 40 .
-1 0 9 2 .
174.
-72 6.
-1526.
-19 22 .
-1870.
-1 4 8 1 .
-2191.
-4397.
-2836.
-91 1.
142.
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
-2 8 4 .
-574.
-603.
-4 5 1 .
-312.
-413.
-7 6 5 .
-5 0 4 .
-180.
32.
2837.
5604.
5495.
3504.
2028.
2276.
3724.
2413.
853.
-156.
I
1
I
1
1
1
1
I
]_________
I
I
I
I
|
|
I
1
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
!
I
TABLE 342
REAL CAPITAL GAINS, PCE BASIS (EXCLUDING FARM HOUSEHOLDS)
1986 DOLLARS, PCE DEFLATOR
AMOUNTS IN MILLIONS OF DOLLARS
YEAR
1950. .
1 9 5 1 ..
1 9 5 2 ..
1953. .
1954. .
1 9 5 5 ..
1 9 5 6 ..
1 9 5 7 ..
1958. .
1 9 5 9 ..
1 9 6 0 ..
1 9 6 1 ..
1 9 6 2 ..
1 9 6 3 ..
1964. .
1 9 6 5 ..
1966. .
1967. .
1968. .
1 9 6 9 ..
1970 . .
1971. .
1 9 7 2 ..
1 9 7 3 ..
1 9 7 4 ..
1 9 7 5 ..
1 9 7 6 ..
1 9 7 7 ..
1 9 7 8 ..
1 9 7 9 ..
1 9 8 0 ..
1 9 8 1 ..
1 9 3 2 ..
1 9 8 3 ..
1 9 8 4 ..
1 9 8 5 ..
19 86 . .
1
1
1
I
1
1
FINANCIAL ASSETS
PHYSICAL ASSETS
TOTAL
ASSETS
I 42349.
I 27968.
j -33784.
I -2 8 5 6 0 .
I
9321.
f
7676.
]
21158.
I
17179.
I 34001.
I
5748.
j
I -59 0 9 .
I
13569.
I 10432.
1 11084.
I
18050.
I 29546.
I 18106.
I
7447.
|
-28 .
!
526.
j
I
1 3 6.
I 26424.
| 68849.
I 106331.
I
13534.
I 72904.
| 104083.
| 47419.
I 116178.
| 80301.
j
I 14193.
| -7 4 7 1 9 .
| -73359.
! -43016,
1-127808.
1-101262.
j -61 82 2.
MACHINERY
AND
MOTOR
VEHICLES
LIVE
STOCK
STORED
CROPS
DEBT
******
******
******
******
******
******
******
******
******
******
-2411.
-14 2 6 .
-10 3 5 .
-3 6 2 .
-21 4.
-56 2.
-1250.
-96 4.
-527.
- 8 36,
-1907.
-1104.
-79 1.
-26 9.
-15 6.
-40 2.
-86 5.
-6 3 6 .
-339.
-53 2.
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
-504.
-3 2 2 .
-244.
-9 2 .
-5 7 .
-160.
-3 8 5 .
-3 2 8 .
-1 8 9 .
-30 4.
2325,
15 4 0 .
1232.
452.
260.
723.
18 04 .
15 09 .
884.
1468.
-2 1 0 1 .
-77 9.
-6 5 .
1386.
2661.
-20 17 .
2635.
-5239.
-50 9 8 .
154.
******
******
******
******
******
******
******
******
******
******
-61 2.
-48 2.
-6 5 5 .
-65 1.
-53 9.
-91 0.
-1170.
-11 8 2 .
-1731.
-1759.
-36 5.
-27 2.
-36 6.
-36 1.
-2 8 9 ,
-48 3.
-62 0.
-61 4.
-88 6.
” 900.
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
-2 4 7 .
-20 9.
-2 9 0 .
-289.
-2 5 0 .
-4 2 7 .
-5 5 0 .
-5 6 8 .
-84 5.
-859,
1242.
1037.
1440.
1536.
1373.
2452.
3350.
3606.
5475.
5500.
-39 78 .
5026.
12660.
7517.
-4 4 8 7 3 .
7949.
-39 76 .
3725
27250.
6223.
2005.
-1716.
5613.
12749.
3494.
-15066.
-22 8.
-71 5 2 .
-31 6 0 .
-30 .
******
******
******
******
******
******
******
******
******
******
-1775.
-1756.
-1565.
-3665.
-4 3 0 0 .
-2812.
-2333.
-28 3 4 .
-32 7 9 .
-43 8 8 .
-90 4.
-8 4 8 .
-73 6.
-1754.
-2129.
-1336.
-1034.
-11 6 1 .
-1341.
-1705.
*****
*****
*****
*****
*****
*****
*****
*****
*****
*****
-871.
-9 0 8 .
-82 8.
-19 11 .
-21 71 .
-14 76 .
-12 99 .
-16 73 .
-1938.
-2 6 8 3 .
5593.
5510.
4980.
11446.
13475.
9771.
8242.
10746,
13902.
18472.
-10719.
-13576.
-27 90 .
-53 91 .
14 .
-96 4.
-99 5.
9008.
-13452.
-4298.
-5456,
-6551.
-6989.
-10277,
******
******
******
******
******
******
******
-4358.
-29 81 .
-1932.
-1754.
-1456.
-1360.
-86 1 ,
-1610.
-1021.
-65 5.
-58 2
-4 1 5 .
-382.
-26 1.
*****
*****
*****
*****
*****
*****
*****
-2748.
-1961.
-1277.
-11 71 .
-10 4 2 .
-97 8.
-60 0.
19807.
14235.
9316.
8118.
6932.
6258.
3792.
40024.
26428.
-35017.
-29012.
9061 .
6952.
19354.
15670.
33117 .
4279.
42435.
27854.
-3 3 9 8 2 .
-2 8 6 5 0 .
9275.
7514.
20604.
16634.
33645.
5115.
25369.
18933.
-41 57 .
-83 49 .
10543.
13264.
15626.
10355.
24551.
10225.
-1545.
1976.
-96 4.
-9 8 9 .
-23 5.
642.
1668.
-1 1 4 .
2342.
1710.
11952.
3296.
-23 00 2.
-12099.
-3342.
-2901.
1394.
10131.
10832.
-11273.
6659.
3648.
-58 58 .
-72 14 .
2309.
-3491 .
1916.
-3738.
-4 0 8 0 .
4453.
-71 51 .
12533.
8992.
9548.
16677.
27094.
14755.
3842.
-55 03 .
-49 74 .
-6539.
13014.
9648.
10198,
17216.
28004.
15925.
5024.
-37 72 .
-32 15 ,
-33 46 .
12345.
8774.
16354.
19015.
20965.
11154.
11635.
474.
-7 8 0 6 .
-1134.
642.
938 .
-51 3.
608.
-17 0.
199.
1042.
-11 5.
-1212.
43.
806.
1.
-70 30 .
-50 68 .
9226.
1938.
-24 14 .
967.
5648.
-54 5 7 .
20915.
63869.
94885.
59.
63133.
95841.
36673.
I 102276.
I 61829.
j
| -5614.
| -88953.
| -8 2 6 7 5 .
| -51133.
1-134740.
I-1 0 7 5 2 0 .
J -65 61 4.
L _ __ __
-36 82 .
22671.
65434.
98550.
4360.
65945.
98174.
39506 .
105555.
66217.
-1826.
17422.
45666.
77801.
34821.
63284.
98561,
40305,
78765.
56449.
118.
1939.
1494.
482.
10915.
9778 .
3818.
2629.
2700.
3574.
-12 56 .
-85972.
-8 0 7 4 3 .
-49379.
-13 3 2 8 3 .
-106160.
-64754.
3244.
-61980.
-76013.
-3 7 8 6 8 .
-12 3 3 4 0 .
-98975.
-51484.
-27 89 .
3036 .
2358.
-6 6 4 .
-3405.
768.
-1997 .
REAL CAPITAL GAINS IN CONSTANT DOLLARS ARE REAL CAPITAL GAINS IN CURRENT DOLLARS (TABLE 3 4 1 )
INFLATION, THE IMPLICIT PRICE DEFLATOR FOR PERSONAL CONSUMPTION EXPENDITURES.
INVEST
U .S .
MENTS
IN
SAVINGS
BONDS COOPERA
TIVES
TOTAL
TOTAL
|
1
|
HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS
CURRENCY
AND BANK
DEPOSITS
REAL
ESTATE
TOTAL
DEFLATED BY AN INDEX OF GENERAL PRICE
9
BALANCE SHEET OF THE FARMING SECTOR, DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
1986 DOLLARS, PCE DEFLATOR
AMOUNTS IN MILLIONS OF DOLLARS
ASSETS
CLAIMS
LIAB ILITIES
NON-REAL-ESTATE
TOTAL
REAL
ESTATE
TOTAL
TOTAL
PHYSICAL
e tc
DEBT PLUS
CCC "LOANS"
"LOAMS"
DEBT
504714.
511209.
514787.
523634.
522955.
533731.
521618.
503628.
474876.
476145.
68789.
72961.
78231.
81978.
83796.
85844.
86231.
85787.
79908.
85587.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
68789.
72961.
78231.
81978.
83796.
85844.
86231.
85787.
79908.
85587.
422745.
399274.
403866.
385889.
375491.
366599.
360408.
369990.
379583.
383417.
98395.
102936.
103527.
99907.
90934.
88542.
87431.
89297.
90372.
88721.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
98395.
102936.
103527.
99907.
90934.
88542.
87431.
89297.
90372.
88721.
FINANCIAL
1910.
1911.
1912.
1913.
1914.
1915.
1916.
1917.
1918.
1919.
504714.
511209.
514787.
523634.
522955.
533731.
521618.
503628.
474876.
476145.
382109.
389463.
389802.
393507.
388046.
397386.
379905.
355670.
334267.
352432.
122606.
121746.
124985.
130127.
134909.
136345.
141713.
147958.
140609.
123712.
109053.
108273.
111785.
116645.
121055.
120394.
125361.
132144.
123472.
107013.
13553.
13473.
13200.
13482.
13853.
15952.
16351.
15814.
17137.
16699.
19 20 ,
19 21.
1922.
1923.
19 24.
19 25.
19 26.
1927.
1928
1929
422745.
399274.
403866.
385889.
375491.
366599.
360408.
369990.
379583.
383417.
322019.
309402.
308927.
293042.
283173.
275933.
269963.
273598.
277744.
281720.
100726.
89872.
94939.
92847.
92318.
90666.
90445.
96392.
101839.
101697.
83842.
71543.
76495.
74956.
74892.
73510.
73127.
78718.
83928.
84109.
16884.
18329.
18444.
17891.
17426.
17156.
17317.
17674.
17911.
17589.
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
364908.
340449.
307944.
315004.
314310.
329632.
334945.
331502.
328461.
335834.
273700.
260128.
233594.
239828.
233035.
238095.
239120.
236509.
231385.
228489.
91208.
80321.
74349.
75176.
81275.
91537.
95825.
94993.
97075.
107345.
74009.
63770.
57315.
56579.
60838.
69534.
74082.
73300.
74521.
83435.
17199.
16551.
17034.
18597.
20437.
22003.
21743.
21693.
22554.
23909.
364908.
340449.
307944.
315004.
314310.
329632.
334945.
331502.
328461.
335834.
89211.
92815.
91555.
80244.
74975.
74172.
69517.
68970.
72179.
70746.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
2118.
2325.
1663.
2515.
5111.
3610.
89211.
92815.
91555.
80244.
72857.
71847.
67854.
66455.
67068.
67136.
1940
1941
1942
1943
1944
1945
1946
334224.
353868.
383986.
410376.
432515.
445765.
448490.
460489.
474205.
473895.
224554.
225484.
227908.
247422.
264037.
28*2194.
283595.
283715.
288010.
291263.
109670.
128384,
15 60 78
1 6 29 53
1684 78
163571
1 6 48 95
1 7 67 74
1 8 61 95
182631
84821.
100315.
121968.
124269.
124251.
113215.
115381.
129835.
141378.
138920.
24849.
28070.
34109.
38684.
44227.
50356.
49514.
46940.
44817.
43712.
334224.
353868.
383986.
410376.
432515.
445765.
448490.
460489.
474205.
473895.
71191.
65423.
56508.
47299.
42575.
37832.
36082.
37043.
45193.
49813.
4888.
4339.
5004.
3553.
3930.
1500.
316.
381.
5099.
7647.
66304.
61084.
51504.
43746.
38646.
36332.
35766.
36662.
40094.
42165.
1
!
1
1
1
TABLE 412
BALANCE SHEET OF THE FARMING SECTOR, DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
1986 DOLLARS, PCE DEFLATOR
AMOUNTS IN MILLIONS OF DOLLARS
YEAR
ASSETS
1
1
1
I
1
1
CLAIMS
LIAB ILITIES
NON-REAL-ESTATE
TOTAL
REAL
ESTATE
TOTAL
TOTAL
PHYSICAL
FINANCIAL
DEBT PLUS
CCC "LOANS"
CCC
"LOANS"
PROPRIETORS*
EQUITIES
DEBT
517494.
554883.
532627.
514732.
526359.
532030.
545992.
561519.
610287.
606815.
318572.
339229.
336888.
330093.
341804.
356077.
372837.
384170.
409578.
421491.
198922.
215654.
195739.
184639.
184555.
175953.
173155.
177348.
200709.
185323.
156668.
172996.
153638.
143001.
142908.
135688.
135316.
140022.
161827.
148492.
42254.
42658.
42102.
41638.
41647.
40265.
37839.
37326.
38882.
36832.
517494.
554883.
532627.
514732.
526359.
532030.
545992.
561519.
610287.
. 606815.
49030.
53181.
57266.
60059.
62269.
65323.
65068.
66956.
77154.
78845.
3409.
2385.
4687.
9379.
8664.
7202.
5833.
4419.
8867.
4087.
45621.
50796.
52580.
50680.
53606.
58121.
59235.
62537.
68287.
74758.
468464.
501701.
475361.
454673.
464089.
466707.
480924.
494563.
533133.
527969.
603014.
622477.
637594.
651847.
667404.
702489.
720832.
735076.
741098.
739447.
420056.
434025.
444711.
462926.
483631.
506286,
519269.
533074.
535051.
528552.
182958.
188452.
192883.
188921.
183773.
196203.
201563.
202002.
206047.
210896.
147035.
151149.
155202.
150925.
145133.
156641.
162146.
162340.
166162.
170930.
35923.
37303.
37681.
37997.
38640.
39562,
39417.
39662.
39885.
39966.
603014.
622477.
637594.
651847.
667404.
702489.
720832.
735076.
741098.
739447.
82096.
88317.
95851.
103122.
109133.
117768.
123800.
129691.
132335.
133196.
4796.
6352.
6872.
6329.
4999.
4464.
3552.
4229.
7607.
7285.
77301.
81965.
88979.
96792.
104134.
113305.
120248.
125462.
124729.
125911.
520918.
534160.
541743.
548725.
558271.
584720.
597033.
605385.
608763,
606251.
|
731468.
756997.
822247.
928681.
890659.
960408.
1052245.
1095972.
1209055.
1280712.
523530.
538507.
578927.
653062.
653336.
712248.
803616.
842743.
921351.
977121.
207938.
218490.
243320.
275619.
237322.
248160.
248630.
253229.
287704.
303592.
167640.
177023.
198521.
228356.
193832.
203274.
203813.
210022.
241702.
257769.
40298.
41468.
44799.
47263.
43490.
44886.
44817.
43207.
46002,
45823.
731468.
756997.
822247.
928681.
890659.
960408.
1052245.
1095972.
1209055.
1280712.
131325.
137605.
144203.
149746.
151777.
159278.
171809.
190726.
202353.
215301.
4880.
5628.
4293.
1649.
637.
701.
1843.
7536.
8691.
7035.
126445,
131977.
139911.
148097.
151140.
158577.
169966.
183190.
193662,
208266.
600143.
619392.
678044.
778935.
738881.
801130.
880437.
905246.
1006703.
1065411.
1 9 8 0 ..........
1 9 8 1 ..........
1 9 8 2 ..........
1 9 8 3 .......... !
1 9 8 4 ____ _
1 9 8 5 ____ _ i
1 9 8 6 ____ _ j
1265322.
1181611.
1099542.
1032078.
892512.
778943.
702973.
978336.
912456.
833567.
791190.
664314.
562760.
506791.
286987.
269155.
265976.
240888.
228199.
216184.
196182.
243536.
225296.
220532.
197614.
185316.
176230.
158434.
43451.
43859.
45444.
43275.
42883.
39953.
37749.
1265322.
1181611.
1099542.
1032078.
892512.
778943.
702973.
213718.
220837.
227615.
217598.
206675.
193078.
173259.
6251.
9369.
17254.
11609.
9288.
17025.
18505.
207467.
211468.
210362.
205989.
197387.
176053.
154753.
1051604.
960774.
871927.
814480.
685837.
585865.
529715.
1 9 5 0 .......... I
1 9 5 1 .......... 1
1 9 5 2 .......... I
1 9 5 3 .......... i
1 9 5 4 .......... i
1955 , . . . . 1
1 9 5 6 .......... I
1 9 5 7 .......... I
1 9 5 8 ____ _ I
1 9 5 9 .......... I
j
1 9 6 0 .......... I
1 9 6 1 .......... I
1 9 6 2 ____ _ !
1 9 6 3 .......... I
1 9 6 4 .......... 1
1 9 6 5 ---------I
1 9 6 6 .......... 1
1 9 6 7 .......... I
1 9 6 8 ..........
1 9 6 9 ..........
1 9 7 0 . ____
1 9 7 1 .....
1 9 7 2 ..........
1 9 7 3 ..........
1 9 7 4 ..........
1 9 7 5 ..........
1976 ..........
1977 ..........
1 9 7 8 ____ _
1 9 7 9 .....
1
1
I
!
]
THE PRICE DEFLATOR USED IS THE IMPLICIT PRICE DEFLATOR FOR PERSONAL CONSUMPTION EXPENDITURES ( 1 9 8 6
SERIES IN THIS FABLE THEREFORE SHOW VALUES IN DOLLARS OF CONSTANT CONSUMER PURCHASING POWER.
= 1 .0 0 ).
11
12
TABLE 111
FARM CASH FLOW AND RETURNS FROM FACTORS (LABOR, MANAGEMENT, AND CAPITAL)
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
LESS:
YEAR
GROSS
INCOME
NONFACTOR
OPERATING|
EXPENSES
EQUALS:
LESS:
CASH CAPITAL
FLOW CONSUMP
FROM
TION
FACTORS
LESS :
EQUALS:
INCOME
FROM
FACTORS
EQUALS:
OPERATORS'
LABOR AND
MANAGEMENT
UMPUTEP,) .
LABOR
LESS:
(EXCLUDING FARM HOUSEHOLDS)
EQUALS:
INCOME INTEREST INCOME
FROM
ON
FROM
ASSETS
DEBT
EQUITY
TOTAL RETURN
REAL CAPITAL GAINS
FROM—
(PCE BASIS) ON—
1
1
1
ASSETS
DEBT
1 ASSETS
EQUITY
.
1 9 1 0 ...
1 9 1 1 ...
1 9 1 2 ...
1 9 1 3 ...
1 9 1 4 ...
1 9 1 5 ...
1 9 1 6 ...
1 9 1 7 ...
1 9 1 8 ...
1 9 1 9 ...
7354.
6582.
7888.
7293.
7779.
8013.
8902.
13848.
15792.
16742.
1534.
1513.
1653.
1719.
1733.
1737.
2051.
2575.
3466.
3758.
5819.
5070.
6235.
5574.
6 0 4 6 .1
6 2 7 7 .1
6852.
11273.
12327.
12984.
301.
326.
351.
366.
375.
412.
468.
561.
714.
818.
55 18 .
4744.
5884.
5208.
56 71 ,
58 65 .
6384.
1071 2.
1161 3,
12166
755.
758.
789.
804.
804.
815.
904.
1127.
1337.
1515.
2618.
2589.
2748.
2716.
2741.
2755.
3032.
3935.
4734.
5368.
2145.
1396.
2347.
1688.
2125.
2295.
2448.
5650.
5541.
5283.
375.
399.
430.
470.
489.
509.
554.
628.
696.
805.
1770.
998.
1917.
1219.
1636.
1785.
1894.
5022.
4846.
4478.
1063.
661.
-385.
889.
-6 1 0 .
295.
-1 0 9 8 .
-3200.
-3997.
216.
82.
175.
125.
98.
292.
890.
1375.
1512.
1552.
3208.
2058.
1963.
2577.
1515.
2589.
1350.
2451.
1545.
5499.
2833.
1741.
1707.
2233.
1124.
2373.
1686.
3197.
2361.
6246.
1 9 2 0 ...
1 9 2 1 ...
1 9 2 2 ... 1
1923. . .
1 9 2 4 .. .
1 9 2 5 ...
1 9 2 6 ...
1 9 2 7 ...
1 9 2 8 ...
1 9 2 9 ...
15977.
9404.
10355.
11455.
11632.
13400.
12627.
12472.
13045.
13099.
4007.
2776.
2843.
3114.
3459.
3516.
3526.
3567.
3890.
3785.
11970. 1
6628. 1
7511.
83 41 .1
8173.
9883.
9101.
8905.
9155.
9314.
963.
848.
740.
742.
747.
665.
682.
692.
702.
720.
11007
5780
6771
7599
7426
92 18
8419
82 1 3
84 5 3
85 94
1790.
1170.
1127.
1251.
1248.
1267.
1330.
1302.
1290.
1300.
6031.
3879.
3774.
4169.
4166.
4301.
4264.
4160.
4178.
4188.
3186.
731.
1871.
2179.
2012.
3651.
2825.
2751.
2984.
3106.
1003.
1039.
1026.
984.
941.
896.
875.
849.
841.
831.
2184.
-308.
845.
1195.
1071.
2754.
1950.
1902.
2143.
2274.
-10013.
-25 30 .
1026.
-24 13 .
-843.
-1718.
-989.
1539.
1169.
661.
219.
-1392.
-3 7 0 .
167.
199.
219.
-7 2 .
-21 3.
-7 2 .
-185.
-68 26 .
-18 00 .
2897.
-2 3 4 .
1169.
1933.
1836.
4289.
4154.
3767.
-76 11 .
-4231.
1500.
-1051.
426.
1255.
890.
3227.
3241.
2751.
1 9 3 0 ...
1 9 3 1 ...
1 9 3 2 ...
1 9 3 3 ...|
1 9 3 4 ...I
1 9 3 5 ...
1 9 3 6 ...
1 9 3 7 ...
1 9 3 8 ...
1 9 3 9 ...
10524.
8273.
5994.
6431.
7136.
9858.
9406.
11608.
9696.
10098.
3382.
2598.
2098.
2117.
2370.
2618.
2979.
3328.
3105.
3411.
7142.
5674.
3896.
4314.
4766.
7240.
6427.
8280.
6592.
6687.
765.
697.
600.
519.
516.
530.
578.
644.
678.
647.
63 77
4977
3296
3795
42 50
67 10
5849
7636
5914
6040
1177.
914.
669.
617.
679.
775.
988.
979.
988.
3932.
3207.
2566.
2432.
2657.
3078.
3141.
3594.
3519.
3577.
1268.
856.
61.
745.
913.
2858.
1840.
3054.
1416.
1476.
789.
744.
677.
586.
527.
466.
438.
421.
421.
433.
479.
112.
-6 1 6 .
159.
386.
2391.
1402.
2633.
994.
1043.
-19 43 .
-28 83 .
-32 25 .
1088.
433.
852.
1422.
-1 7 0 2 .
-1 1 9 8 .
940.
-829.
-1 3 3 4 .
-8 7 6 .
178.
448.
175.
199.
83.
-8 1 .
.
-67 5.
-2026.
-3164.
1833.
1346.
3709.
3262.
1352.
218.
2415.
-2293.
-4 1 0 5 .
-4717.
1425.
1266.
3418.
3023.
1014.
-284.
1983.
1 9 4 0 ...
1 9 4 1 ...
1 9 4 2 ...
1 9 4 3 ...
1 9 4 4 ...
1 9 4 5 ...
1 9 4 6 ...
1 9 4 7 ...
1 9 4 8 ...
1 9 4 9 ...
10756.
13679.
19287.
22722.
23347.
24596.
28554.
31248.
35276.
29663.
3873.
4274.
5452.
6468.
6991.
7703.
8571.
10369.
11519.
10832.
6883.
9405.
13835.
16254.
16356.
16893.
19983.
20879.
23757.
18831.
661.
719.
1161.
1169.
1201.
1072.
931.
1237.
1647.
2022.
62 22
8686
12674
15085
15155
15821
19052
19642
22110
16809
1029.
1249.
1631.
2027.
2202.
2299.
2532.
2783.
2990.
2806.
3694.
4518.
6141.
7958.
9583.
9911.
10471.
11252.
11132.
10429.
1499.
2919.
4902.
5100.
3370.
3611.
6049.
5607.
7988.
3574.
429.
453.
438.
402.
371.
356.
369.
406.
457.
504.
1070.
2466.
4464.
4698.
2999.
3255.
5680.
5201.
7531.
3070.
-11 77 .
1230.
1872.
3852.
2432.
1577.
-708.
2477.
-26 59 .
-20 69 .
353.
749.
812.
566.
346.
404.
717.
513.
192.
-3 5 .
323.
4149.
6774.
8951.
5802.
5188.
5341.
8083.
5330.
1505.
247.
4446.
7148.
9115.
5777.
5237.
5690.
8191.
5064.
966 .
868
.
0
0
TABLE 111
FARM CASH FLOH AND RETURNS FROM FACTORS (LABOR, MANAGEMENT, AND CAPITAL)
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
LESS.
|EQUALS.I LESS*
1
1
1
NONFACTOR|
CASH CAPITAL
I GROSS
FLOW CONSUMP
I INCOME OPERATINGI
YEAR
TION
EXPENSES I
FROM
1
1FACTORS
1
1
11799.
2301.
20129.
1 9 5 0 .. I 31923.
13818.
23135.
2712.
1 9 5 1 .. | 36953.
13969.
22312.
2911.
1 9 5 2 .. I 36281.
3029.
12837.
20107.
1 9 5 3 .. I 32999.
13220.
19990.
3129.
1 9 5 9 .. | 32710.
13982.
18980.
3219.
1 9 5 5 .. 1 31962.
13853.
18603.
3269.
1 9 5 6 .. 1 32956.
19569.
18680.
3930.
1 9 5 7 .. I 33299.
3530.
16200.
21197.
1 9 5 8 .. I 37397.
3736.
17203.
18919.
1 9 5 9 .. I 36117.
j
17005.
3773.
19792.
1 9 6 0 .. I 36797.
17672.
20935.
3802.
1961. . I 38607.
3915.
18862.
21988.
I 90350.
1 9 6 2 ..
9093.
19558.
21715.
1 9 6 3 .. I 91273.
20839.
9201.
19273.
1 9 6 9 .. I 90107.
9360.
20382.
23922.
1 9 6 5 .. I 99309.
9626.
22969.
25629.
1 9 6 6 .. I 98098.
23563.
29930.
9967.
1 9 6 7 .. I 97993.
5398.
23997.
25225.
19 68 . . I 9 9 2 2 2 .
5655.
25583.
27993.
1 9 6 9 .. I 53576.
j
27165.
28609.
5890.
19 70 . . I 5 5 7 6 9 .
6331.
29057.
29815.
1971. . I 58872.
36010.
6721.
31698.
1 9 7 2 .. 1 67658.
7590.
59680.
90311.
1 9 7 3 .. I 99991.
99796.
8928.
93771.
1 9 7 9 .. I 93567.
99933.
5 0 9 9 1 .I 10609.
1 9 7 5 .. 1 95929.
99827.
9 7 1 9 8 .1 I 1 1 7 9 9 .
1976 . . I 9 6 9 7 5 .
52997.
9 9 1 9 8 .| 13166.
1 9 7 7 .. I 101695.
5 7 9 0 1 . I 19398.
62693.
1978. . 1 120599.
67015. I 16297.
79595.
1979. . I 191610.
j
j
597 0 8 . I 1 7 8 9 7 .
78671.
1 9 8 0 . . , I 13 8379
I
79566.
79306. ! 19612.
1 9 8 1 .. I 153872.
73625. I 19922.
77007 .
1 9 8 2 ,. I 150632.
77993.
62995. I 19683.
1 9 8 3 .. I 190988.
83793. I 19233.
78620.
1 9 8 9 .. I 162363.
79077. I 17672.
77053.
1 9 8 5 .. I 156130.
77990. I 16570.
71200.
1 9 8 6 .. I 199190.
1
_____
J ___________
1EQUALS)
1
1 INCOME
I
FROM
I FACTORS
1
.ESS*
1
HIRED
LABOR
OPERATORS'
LABOR AND
MANAGEMENT
(IMPUTED)
EQUALS*
(EXCLUDING FARM HOUSEHOLDS)
LESS:
I EQUALS!I
1
INCOME I INTEREST I INCOME REAL CAPITAL GAINS
ON
I FROM
FROM
(PCE BASIS) ON—
DEBT
|EQUITY
ASSETS
ASSETS
1
DEBT
TOTAL RETURN
FROM—
ASSETS
EQUITY
17828.
20923.
19901.
17078.
16361.
15261.
15339.
15250.
17617.
15178.
2811
2921
2857
2736
2596
2615
2691
27 39
28 92 ,
29 0 5 .
9813.
10987.
10579.
9975.
9656.
9726.
9650.
9169.
8906.
9395.
5209.
7015.
5970.
9367.
9109.
2920.
3093.
3397.
5869.
2928.
559.
651.
723.
729.
739.
791.
856.
923.
1017.
1198.
9695.
6369.
5297.
3638.
3370.
2129.
2187.
2929.
9852.
1780.
9182.
6933.
-8708.
-73 67 .
2309.
1796.
5101.
9259.
9169.
1210.
533.
375.
306.
115.
66.
187.
976.
910.
299.
915.
19386.
13998.
-2738.
-3 0 0 0 .
6918.
9716 .
8199.
7601.
15032.
9138.
19360.
13172.
-31 55 .
-3615.
5796.
9112.
7769.
7087.
19260.
3905.
15969.
17133.
17573.
17672.
16633.
19562.
21003.
19963.
19877.
22338.
30 62 .
31 92 .
3299 .
3900 ,
3983 ,
3609 .
3682,
37 23
3919 ,
9151 ,
8903.
8675.
8927.
8559.
8338.
8719.
8939.
9129.
9587.
10137.
9009.
5266.
5397.
5713.
9812.
7299.
8387.
6416.
6371.
8050.
1268.
1397.
1978.
1659.
1803.
1986.
2219.
2960.
2693.
2902.
2736.
3919.
3869.
9059.
3009.
5258.
6173.
9156.
3728.
5198.
-20 6 0 .
3659.
2669.
2876.
5111.
8996.
9792.
1265.
-1899.
-17 8 6 .
358.
302.
927.
963.
921.
769.
1077.
1187.
1889.
1975.
1999.
8920.
8016.
8589.
9923.
15690.
13129.
7881.
9977.
6269.
1039.
7876.
6966.
7397.
8591.
19968.
11991.
6608.
3719.
5337.
22719.
23989.
29289.
97190.
90868.
39887.
35359.
36032.
93553.
50718.
9312
9392
9528 .
51 59 .
6076,
65 86
75 09 ,
7 9 53
82 7 9 ,
8981
10299.
10306.
11293.
12781.
15083.
15962.
16219.
17205.
18955.
20578.
8108.
8836.
13518.
29206.
19709.
17339.
11631.
10879.
16819.
21159.
3209.
3377.
3667.
9933.
5930.
6075.
7013.
8196.
9788.
12539.
9909.
5959.
9851.
29773.
19279.
11269.
9618.
2728.
7031.
8625.
-20 5 0 .
8223.
26118.
91211.
28.
32728.
52536.
21919.
69129.
92338.
2101.
2166.
2037.
9971.
6966.
5065.
9518.
6276.
8716.
12699.
1
I
|
|
1
|
|
|
|
I
6058.
17059.
39636.
70917.
19737.
50066.
69167.
32293.
80993.
63998.
9955.
15898.
38005.
70955.
20773.
99056.
61672.
30929.
79871.
63612.
21259.
23709.
22629.
21615.
26775.
23206.
21000.
11319.
22059.
20892.
11538.
27896.
27853.
30115.
15637.
19118.
20982.
20562.
20275.
17930.
15050.
-9323.
2936.
-90 .
-9029.
7621.
9923.
15065.
-9257.
-73686.
-72395.
-9 6 6 1 1 .
-1 2 7 5 9 3 .
-10 5 3 5 9 .
-6 5 6 1 9 .
15020.
11792.
8157.
7900.
6561.
6132.
3792.
|
|
!
I
I
I
|
7057.
-51633.
-5 1 5 0 2 .
-3 5 0 7 3 .
-9 9 6 9 7 .
-7 7 5 0 2 .
-3 5 9 9 9 .
6990.
-5 8 9 5 9 .
-69327.
-98236.
-113361.
-8 9 3 0 0 .
-9 6 7 5 7 .
91861.
59699.
53703.
92812.
69510.
61905.
61370.
9293
8931
10182
9659
98 39
10397
10255
1
13
14
TABLE 341
REAL CAPITAL GAINS, PCE BASIS (EXCLUDING FARM HOUSEHOLDS)
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
PHYSICAL ASSETS
TOTAL
ASSETS
FINANCIAL ASSETS
TOTAL
YEAR
TOTAL
REAL
ESTATE
MACHINERY
AND
MOTOR
VEHICLES
LIVE
STOCK
STORED
CROPS
HOUSEHOLD
EQUIPMENT
AND
FURNISHINGS
TOTAL
0.
CURRENCY
AND BANK
DEPOSITS
0.
INVEST
U .S .
MENTS
SAVINGS
IN
BONDS COOPERA
TIVES
0.
DEBT
0.
1 9 1 0 ...
1 9 1 1 ...
1 9 1 2 ...
1 9 1 3 ...
1 9 1 4 ...
1 9 1 5 ...
1 9 1 6 ...
1 9 1 7 ...
1 9 1 8 ...
1 9 1 9 ...
1063.
743.
-2 1 0 .
1014.
-512.
587.
-2 0 8 .
-1 8 2 5 .
-2 4 8 5 .
1768.
1063.
661.
-3 8 5 .
889.
-6 1 0 .
295.
-1098.
-3 2 0 0 .
-3 9 9 7 .
216.
1063.
677.
-35 2.
910.
-594.
343.
-933.
-2939.
-3718.
549.
1040.
590.
29.
310.
-4 7 1 .
805.
-1632.
-2692.
-2 7 8 0 .
2528.
-11.
-28 .
-45 .
-25 .
3.
2.
-4 4 .
93.
-52 .
-24 6.
201.
-194.
321.
398.
245.
-1 6 1 .-139.
195.
-779.
-1776.
-168.
309.
-65 7.
227.
-370.
-303.
883.
-535.
-1 0 7 .
43.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
-16 .
-3 2 .
-21 .
-16 .
-4 8 .
-165.
-26 1.
-2 7 9 .
-33 3.
-1 4 .
-27 .
-18 .
-14 .
-40.
-14 0.
-222.
-2 4 0 .
-2 9 2 .
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
-2.
-5.
-3 .
-3.
-8 .
-26 .
-3 8 .
-39.
-4 1 .
82.
175.
125.
98.
292.
890.
1375.
1512.
1552.
1920. . .
1921. . .
1922. . .
1923. . .
1 9 2 4 ...
1 9 2 5 ...
1 9 2 6 .. .
1 9 2 7 .. .
1 9 2 8 ...
1 9 2 9 ...
-9794.
-3923.
656.
-2246.
-6 4 5 .
-1 4 9 9 .
-10 61 .
1326.
1097.
476.
-10013.
-2530.
1026.
-2 4 1 3 .
-8 4 3 .
-1 7 1 8 .
-9 8 9 .
1539.
1169.
661.
-9 9 7 0 .
-2 7 6 9 .
960.
-23 83 .
-8 0 8 .
-1676.
-1003.
1496.
1155.
624.
-5166.
-1814.
-3.
-2241.
-1367.
-10 18 .
-830.
553.
641.
627.
-24 3.
28.
164.
133.
34.
-60 .
-26 .
-42 .
-12.
-14 .
-22 18 .
-599.
303.
-435.
-2 2 3 .
261.
248\
593.
581.
-3 8 .
-23 43 .
-384.
496.
160.
748.
-860.
-394.
392.
-54 .
49.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
-43 .
239.
66.
-3 0 .
-3 6 .
-4 2 .
14.
42.
14.
37.
-37 .
208.
57.
-25 .
-30 .
-34 .
11.
34.
11.
28.
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
-5 .
31.
9.
-5 .
-6.
-8 .
3.
9.
• 3.
8.
219.
-13 9 2 .
-3 7 0 .
167.
199.
219.
-72 .
-2 1 3 .
-72 .
-18 5.
1 9 3 0 ...
1 9 3 1 ...
1 9 3 2 ...
1 9 3 3 ...
1 9 3 4 ...
1 9 3 5 ...
1 9 3 6 ...
1 9 3 7 ...
1 9 3 8 ...
1 9 3 9 ...
-2772.
-4217.
-4101.
1266.
881.
1027.
1621.
-1 6 1 9 .
-1 2 7 8 .
940.
-1943.
-28 83 .
-3225.
1088.
433.
852.
1422.
-1 7 0 2 .
-1198.
940.
-21 08 .
-31 40 .
-33 81 .
1121.
537.
901.
1483.
-1 6 7 5 .
-1 2 2 4 .
940.
-1006.
-1581.
-2846.
781.
-686.
671.
175.
-31 2.
-609.
-373.
142.
260.
116.
-3 5 .
3.
15.
-4 .
41.
60.
-3 7 .
-1 0 3 0 .
-6 8 3 .
-227.
-105.
-60 .
1353.
-2 8 8 .
42.
208.
162.
-21 3.
-1136.
-425.
479.
1279.
-11 38 .
1599.
-1446.
-884.
1187 .
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
164.
257.
156.
-33 .
-104.
-49 .
-6 1 .
-27 .
26.
125.
188.
107.
-22 .
-7 3 .
-36 .
-45.
-19 .
19.
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
39.
69.
49.
-11 .
-31 .
-13 .
-1 6 .
-7.
7.
-82 9.
-1334.
-87 6.
178.
448.
175.
199.
83.
-81 .
1 9 4 0 ...
1 9 4 1 .. .
1942. . .
1 9 4 3 ...
1 9 4 4 ...
1 9 4 5 ...
1 9 4 6 ...
1 9 4 7 ...
1 9 4 8 ...
1 9 4 9 ...
-8 2 3 .
1979.
2684.
4418.
2778.
1982.
9.
2990.
-2467.
-21 04 .
-1 1 7 7 .
1230.
1872.
3852.
2432.
1577.
-70 8.
2477.
-2 6 5 9 .
-2069.
-10 51 .
1511.
2245.
4227.
2738.
2040.
286.
3187.
-2413.
-2 1 0 8 .
-510.
101.
322.
3088.
2719.
3109.
-1 8 6 .
-4 8 2 .
431.
234.
-7 2 .
-6 0 .
623.
708.
596.
-16 55 .
-1 0 3 1 .
166.
828.
337.
-90.
904.
1250.
-1070.
-4 9 3 .
372.
1469.
1023.
906.
-16 66 .
-378.
566.
51.
1501.
-8 3 .
213.
35.
2481.
-4 5 7 8 .
-1014.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
-1 2 6 .
-281.
-373.
-37 5.
-3 0 6 .
-4 6 3 .
-994.
-711.
-2 4 6 .
39.
-9 0 .
-2 0 4 .
-284.
-3 0 2 .
-25 3.
-38 9.
-84 7.
-604.
-2 0 5 .
32.
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
-3 5 .
-7 7 .
-8 9 .
-7 3 .
-53 .
-73 .
-1 4 7 .
-1 0 7 .
-41 .
7.
353.
749.
812.
566.
346.
404.
717.
513.
19 2.
-35 .
1
1
1
1
1
1
1
0.
0.
0.
0.
TABLE 341
REAL CAPITAL GAINS, PCE BASIS (EXCLUDING FARM HOUSEHOLDS)
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
PHYSICAL ASSETS
TOTAL
ASSETS
TOTAL
YEAR
TOTAL
REAL
ESTATE
MACHINERY
AND
MOTOR
VEHICLES
LIVE
STOCK
FINANCIAL ASSETS
HOUSEHOLD
STORED EQUIPMENT
AND
CROPS
FURNISHINGS
TOTAL
CURRENCY
AND BANK
DEPOSITS
INVEST
U .S .
MENTS
SAVINGS
IN
BONDS COOPERA
TIVES
DEBT
1 9 5 0 ...
1 9 5 1 ...
1 9 5 2 ...
1 9 5 3 ...
1 9 5 4 ...
1 9 5 5 ...
1 9 5 6 ...
1 9 5 7 ...
1 9 5 8 ...
1 9 5 9 .* .
9716.
6808.
-8402.
-7253.
2375.
1983.
5577.
4663.
9408.
1626.
9182.
6433.
-87 08 .
-73 67 .
2309.
1796.
5101.
4254.
9164.
1210.
9735.
6781.
-84 51 .
-7275.
2363.
1941.
5431.
4515.
9310.
1447.
5820.
4609.
-10 34 .
-2120.
2687.
3426.
4119.
2811.
6793.
2892.
-3 5 5 .
481.
-2 4 0 .
-251.
-6 0 .
166.
440.
-3 1 .
648.
484.
2742.
802.
-57 2 0 .
-30 72 .
-85 2.
-7 4 9 .
367.
2750.
2997.
-31 88 .
1528.
888.
-14 57 .
-18 3 2 .
588.
-9 0 2 .
505.
-10 15 .
-11 29 .
1259.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
-55 3.
-3 4 7 .
-25 7.
-92 .
-54 .
-14 5.
-32 9.
-2 6 2 .
-14 6.
-2 3 6 .
-437.
-269.
-197.
-6 8 .
-40.
-104.
-228.
-17 3.
-9 4 .
-150.
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
-116.
-7 8 .
-61 ,
-23 .
-15 .
-4 1 .
— 01.
1
-8 9 .
-52 .
-8 6 .
533.
375.
306.
1 1 5.
66.
18 7.
476 .
410.
244.
415.
I9 6 0 ...
1 9 6 1 ..1 9 6 2 ...
1 9 6 3 ...
1 9 6 4 ...
1 9 6 5 ...
1 9 6 6 ...
1 9 6 7 ...
1968 . .
1 9 6 9 .,.
-1702.
3957,
3097.
3339.
5532.
9211.
5819.
2452.
-10 .
189.
-20 60 .
3654.
2669.
2876.
5111.
8446.
4742.
1265.
-1 8 9 4 .
-17 86 .
-18 84 .
3795.
2864.
3072.
5276.
8730.
5118.
1654.
-1298.
-1 1 5 4 .
-96 4.
3600.
2605.
4926.
5828.
6536.
3585.
3831.
163.
-2803.
-327.
187.
279.
-1 5 5 .
186.
-5 3 .
64.
343.
-4 0 .
-4 3 5 .
12.
235.
0.
-21 18 .
-15 53 .
2876.
623.
-795.
333.
2028.
-6 0 5 .
-2 2 7 .
-19.
418.
816.
-62 9.
847.
-17 25 .
-17 54 .
55.
xxxxxx
xxxxxx
xxxxxx
-17 6.
-1 4 0 .
-1 9 5 .
-19 6.
-1 6 5 .
-28 4.
-3 7 6 .
-38 9.
-59 6.
-63 1.
-10 5.
-7 9 .
-10 9.
-1 0 9 .
-8 9 .
-1 5 1 .
-1 9 9 .
-2 0 2 .
-305.
-323.
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
-71 .
-61 .
-86 .
-87 .
-77.
-13 3.
-17 7.
-18 7.
-291.
-30 8.
35 8.
302.
427.
463.
421.
764.
10 77 .
11 87 .
1884.
1975.
1 9 7 0 ...
1 9 7 1 ...
1 9 7 2 ...
1 9 7 3 ,,.
1 9 7 4 ...
1 9 7 5 ...
1 9 7 6 ...
1 9 7 7 ...
1978. . .
1979. . .
51.
10389.
28155.
46182.
6495.
37793.
57054.
27696.
72840.
54987 .
-2050.
8223,
26118.
41211.
28.
32728.
52536.
21419.
64124.
42338.
-1 3 8 3 .
8913.
26758.
42803.
2092.
34185.
53815.
23074.
66180.
45343.
-68 6.
6850.
18674.
33791.
16709.
32806.
54027.
23541.
49383.
38654.
44.
762.
611.
210.
5238.
5069.
2093.
1535.
1693.
2448.
-1495.
1976.
5177.
3265.
-21533.
4121.
-21 80 .
2175.
17085.
4261.
753.
-67 5.
2295.
5537.
1677.
-78 10 .
-12 5.
-4177.
-19 81 .
-21 .
xxxxxx
xxxxxx
xxxxxx
xxxxxx
-6 6 7 .
-690.
-6 4 0 .
-15 92 .
-2064.
-1457.
-12 79 .
-16 55 .
-20 56 .
-30 05 .
-340.
-33 4.
-30 1.
-76 2.
-10 22 .
-6 9 2 .
-56 7.
-67 8.
-8 4 0 .
-11 67 .
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
-32 7.
-35 7.
-339.
-83 0.
-1042.
-765.
-712.
-97 7.
-1215.
-1837.
2101.
2166.
2037.
4971.
6466.
5065.
4518.
6276.
8716.
12649.
-4257.
-73686,
-72 3 9 5 .
-46611.
-127543.
-105354.
-65614.
-9 5 2 .
-71217.
-70703.
-45012.
-12 6 1 6 3 .
-104022.
-64754.
2460.
-54342.
-66561.
-34519.
-116752.
-9 6 9 8 2 .
-51484.
-21 15 .
2515.
2065.
-6 0 6 .
-32 23 .
753.
-1997.
-81 29 .
-11 24 6.
-24 43 .
-49 14 .
13.
-9 4 5 .
-995.
6831.
-1 1 1 4 3 .
-37 63 .
-49 73 .
-62 01 .
-68 4 8 .
-10277.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
-33 05 .
-2 4 7 0 .
-16 9 2 .
-15 99 .
-13 78 .
-13 32 .
-86 1.
-12 21 .
-845.
-573.
-53 1.
-3 9 2 .
-374.
-2 6 1 .
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
xxxxx
-2084.
-16 24 .
-11 18 .
-1068.
-986.
-95 8.
-60 0.
15020.
11792.
8157.
7400.
6561.
6132.
3792.
10763.
1 9 8 0 ...
-61895.
1981. . .
-64 23 7 .
1 9 8 2 ...
1 9 8 3 ...! -39211.
1 9 8 4 ...! -120981.
-99223.
1 9 8 5 ...
-61 8 2 2 .
1 9 8 6 ,..
!
I
!
|
1
XXXXXX
i
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
XXXXXX
j
XXXXXX
XXXXXX
i
1
xxxxxx
xxxxxx
j
j
j
j
REAL CAPITAL GAIN IN CURRENT DOLLARS IS NOMINAL CAPITAL GAIN PLUS THE GAIN OR LOSS RESULTING FROM A CHANGE IN THE PURCHASING POWER
OF THE TOTAL FUNDS INVESTED OR OWED.
THE LATTER GAIN OR LOSS IS THE JANUARY 1 CURRENT-DOLLAR AMOUNT OF EACH ASSET OR LIABILITY
MULTIPLIED BY THE ANNUAL ( JANUARY-TO-JANUARY) PERCENTAGE CHANGE IN THE IMPLICIT PRICE DEFLATOR FOR PERSONAL CONSUMPTION
EXPENDITURES (AND FOR ASSETS, ALSO MULTIPLIED BY - 1 ) .
THE RESULT IS THEN CONVERTED FROM YEAR-END TO ANNUAL-AVERAGE DOLLARS.
FOR YEARS BEFORE 1 9 7 0 , CAPITAL GAINS ARE NOT ADJUSTED FOR INTER-SECTOR TRANSFERS.
15
TABLE 411
BALANCE SHEET OF THE FARMING SECTOR, DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
ASSETS
CLAIMS
NON-REAL-ESTATE
YEAR
TOTAL
LIAB ILITIES
REAL
ESTATE
TOTAL
TOTAL
PHYSICAL
FINANCIAL
DEBT PLUS
CCC "LOANS"
CCC
"LOANS"
PROPRIETORS1
EQUITIES
DEBT
1 9 1 0 ..........
1 9 1 1 ..........
1 9 1 2 ..........
1 9 1 3 ..........
1 9 1 4 ..........
1 9 1 5 ..........
1 9 1 6 ..........
1 9 1 7 ..........
1 9 1 8 ..........
1 9 1 9 ..........
39847.
40977.
42508.
44082.
44657.
47512.
52317.
59236.
64844.
74991.
30167.
31218.
32188.
33128.
33137.
35375.
38104.
41833.
45644.
55506.
9680.
9759.
10321.
10955.
11520.
12137
14213.
17403.
19200.
19484.
8610.
8679.
9231.
9820.
10337.
10717.
12573.
15543.
16860.
16854.
1070.
1080.
1090.
1135.
1183.
1420.
1640.
1860.
2340.
2630.
39847.
40977.
42508.
44082.
44657.
47512.
52317.
59236.
64844.
74991.
5431.
5848.
6460.
6901.
7156.
7642.
8649.
10090.
10911.
13480.
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
5431.
5848.
6460.
6901.
7156.
7642.
8649.
10090.
10911.
13480.
34416.
35129.
36048.
37181.
37502.
39871.
43668.
49146.
53933.
61511.
1 9 2 0 ..........
1 9 2 1 ..........
1 9 2 2 ..........
1 9 2 3 ..........
1 9 2 4 , ____
1 9 2 5 .....
1 9 2 6 ..........
1 9 2 7 .....
1 9 2 8 ..........
1 9 2 9 ..........
67602.
58381.
57588.
55646.
54903.
54489.
53278.
53801.
54890.
54672.
51495.
45240.
44050.
42258.
41405.
41013.
39908.
39784.
40163.
40171.
16107.
13141.
13538.
13389.
13498.
13476.
13370.
14016.
14727.
14501.
13407.
10461.
10908.
10809.
10950.
10926.
10810.
11446.
12137.
11993.
2700.
2680.
2630.
2580.
2548.
2550.
2560,
2570.
2590.
2508.
67602.
58381.
57588.
55646.
54903.
54489.
53278.
53801.
54890.
54672.
15735.
15051.
14762.
14407.
13296.
13160.
12925.
12985.
13068.
12651.
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
15735.
15051.
14762.
14407.
13296.
13160.
12925.
12985.
13068.
12651.
51867.
43330.
42826.
41239.
41607.
41329.
40354.
40816.
41822.
42021.
1 9 3 0 .......... |
1 9 3 1 .......... |
1 9 3 2 ..........
1 9 3 3 ..........
1 9 3 4 ..........
1 9 3 5 ..........
1 9 3 6 ..........
1 9 3 7 ..........
1 9 3 8 ..........
1 9 3 9 ..........
48799.
40729.
33987.
35401.
37095.
39700.
41284.
41261.
40485.
41394.
36602.
31120.
25781.
26952.
27503.
28676.
29473.
29437.
28520.
28163.
12197.
9609.
8206.
8448.
9592.
11025.
11811.
11823,
11965.
13 2 3 1 .
9897.
7629.
6326.
6358.
7180.
8375.
9131.
9123.
9185.
10284.
2300.
1980.
1880.
2090.
2412.
2650.
2680.
2700.
2780.
2947.
48799.
40729.
33987.
35401.
37095.
39700.
41284.
41261.
40485.
41394.
11930.
11104.
10105.
9018.
8849.
8933.
8568.
8584.
8897.
8720.
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
250.
280.
205.
313.
630.
445.
11930.
11104.
10105.
9018.
8599.
8653.
8363.
8271.
8267.
8275.
36869.
29625.
23882.
26383.
28247.
30767.
32716.
32676.
31589.
32674.
28899.
31698.
35206.
41011.
45892.
52117.
58358.
62606.
65067.
65547.
14 1 1 4 .
1804 8.
24110
2701 0
29 2 8 3
30209
3393 2
39008
42 06 5
41100
10916.
14102.
18841.
20598.
21596.
20909.
23743.
28650.
31940.
31263.
3198.
3946.
5269.
6412.
7687.
9300.
10189.
10358.
10125.
9837.
43013.
49746.
59316.
68021.
75175.
82326.
92290.
101614.
107132.
106647.
9162.
9197.
8729.
7840.
7400.
6987.
7425.
8174.
10210.
11210.
629.
610.
773.
589.
683.
277.
65.
84.
1152.
1721.
8533.
8587.
7956.
7251.
6717.
6710.
7360.
8090.
9058.
9489.
33851.
40549.
50587.
60181.
67775.
75339.
84865.
93440.
96922.
95437.
1 9 4 0 ..........
1 9 4 1 ..........
1 9 4 2 .....
1 9 4 3 ____ _
1 9 4 4 ..........
1 9 4 5 ..........
1 9 4 6 ..........
1947 ..........
1 9 4 8 ..........
1 9 4 9 ------ --
43013.
49746.
59316.
68021.
75175.
82326.
I
92290.
I
101614.
1 107132.
1 106647.
]______________
BALANCE SHEET OF THE FARMING SECTOR# DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
CURRENT DOLLARS
AMOUNTS IN MILLIONS OF DOLLARS
ASSETS
CLAIMS
NON-REAL-ESTATE
TOTAL
LIA BILITIES
REAL
ESTATE
TOTAL
TOTAL
PHYSICAL
FINANCIAL
DEBT PLUS
CCC "LOANS"
CCC
"LOANS"
DEBT
1955
1956
1957
1958
19 59
123256.
136777.
134556.
131162.
134816.
138132.
146299.
154393.
170207.
172958.
75877.
83619.
85107.
84113.
87546.
92449.
99902.
105630.
114230.
120136.
47379.
53158.
49449.
47049.
47270.
45683.
46397.
48763.
55977.
52822.
37315.
42643.
38813.
36439.
36603.
35229.
36258.
38500.
45133.
42324.
10064.
10515.
10636.
10610.
10667.
10454.
10139.
10263.
10844.
10498.
123256.
136777.
134556.
131162.
134816.
138132.
146299.
154393.
170207.
172958.
11678.
13109.
14467.
15304.
15949.
16960.
17435.
18410.
21518.
22473.
812.
588.
1184.
2390.
2219.
1870.
1563.
1215.
2473.
1165.
10866.
12521.
13283.
12914.
13730.
15090.
15872.
17195.
19045.
21308.
19 60
1961
1962
19 63
1964
19 65
1966
1967
1968
19 69
174779.
182873.
190664.
193351.
206007.
222065.
234807.
246349.
260228.
271627.
121750.
127509.
132985.
140864.
149282.
160043.
169149.
179014.
187877.
194157.
53029.
55364.
57679.
57487.
56725.
62022.
65658.
67835.
72351.
77470.
42617.
44405.
46411.
45925.
44798.
49516.
52818.
54516.
58346.
62789.
10412.
10959.
11268.
11562.
11927.
12506.
12840.
13319.
14005.
14681.
174779.
182873.
190664.
198351.
206007.
222065.
234807.
246849.
260228.
27162?.
23795.
25946.
28663.
31379.
33686.
37228.
40327.
43552.
46468.
48928.
1390.
1866.
2055.
1926.
1543.
1411.
1157.
1420.
2671.
2676.
22405.
24080.
26608.
29453.
32143.
35817,
39170.
42132.
43797.
46252.
19 70
1971
1 972
1 973
1974
1575
1976
1977
19 78
1979
281186.
304257.
343443.
422460.
44 5 7 X 9 ,
513843.
593846.
660270.
788215.
922965.
201252.
216440.
241811.
297080.
326954.
381071.
453529.
507712.
600653.
704177.
79934.
87817.
101632.
125380.
118765.
132772.
140317.
152558.
187562.
218788.
64443.
71150.
82920.
103880.
97001.
108757.
115024.
126528.
157572.
185765.
15491.
16667.
18712.
21500.
21764.
24015.
25293.
26030.
29990.
33023.
281186.
304257.
343443.
422460.
445719.
513843.
593846.
660270.
788215.
922965.
50483.
55307.
60232.
68120.
75955.
85218.
96962,
114903.
131919.
155160.
1876.
2262.
1793.
750.
319.
375.
1040.
4540.
5666.
5070.
48607.
53045.
58439.
67370.
75636.
84843.
95922.
110363.
126253.
150090.
19 80
1981
1982
1983
1984
1985
1986
1007715.
1010370.
983522.
960230.
859296.
774509.
714360.
779156.
780221.
745611.
736111.
639591.
559557.
515000.
228559.
230149.
237911.
224119.
219706. .
214953.
199360.
193954.
192646.
197262.
183857.
178419.
175227.
161000.
34605.
37503.
40649.
40262.
41287.
39726.
38360.
1007715.
1010370.
983522.
960230,
859296.
774509.
714360.
170207.
188833.
203598.
202450.
198983.
191979.
176065.
4978.
8011.
15433.
10801.
8942.
16928.
18805.
165229.
180822.
188165.
191649.
19004).
175051.
157260.
19 50,
1951
1 952
1 953,
1954
TABLE 511
OUTSTANDING FARM DEBT, DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
AMOUNTS IN MILLIONS OF DOLLARS
YEAR
DEBT EXCLUDING CCC LOANS
DEBT INCLUDING
CCC LOANS
TOTAL
ccc
LOANS
TOTAL
BANKS
COOPERATIVE
LIFE
FARM
INSURANCE
CREDIT
COMPANIES
SYSTEM
FARMERS
HOM
E
ADMINIS
TRATION
INDIVIDUALS
AND
OTHERS
1 9 1 0 ..........
1911. . . . .
1912.....
1 9 1 3 ..........
1 9 1 9 ..........
1 9 1 5 ..........
1 9 1 6 ..........
1 9 1 7 . ____
1 9 1 8 ..........
1 9 1 9 ..........
5931.
5898.
6960.
6901.
7156.
7692.
8699.
10090.
10911.
13980.
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
5931.
5898.
6960.
6901.
7156.
7692.
8699.
10090.
10911.
13980.
1666.
1790.
2002.
2116.
2193.
2302.
2705.
3198.
3379.
9279.
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
39.
138.
296.
359.
901.
960.
999.
560.
690.
720.
799.
851.
815.
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
3911.
3657.
3998.
9286.
9953.
9699.
5229.
6058.
6593.
8099.
1 9 2 0 ..........
1 9 2 1 ..........
1 9 2 2 ..........
1 9 2 3 . ____
1 9 2 9 ..........
1 9 2 5 ..........
1926 ..........
1 9 2 7 ..........
1 9 2 8 ..........
1 9 2 9 ..........
15735.
15051.
19762.
19907.
13296.
13160.
12925.
12985.
13068.
12651.
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
15735.
15051.
19762.
19907.
13296.
13160.
12925.
12985.
13068.
12651.
9871.
9393.
9182.
3996.
3539.
3539.
3387.
3332.
3332.
3190.
358.
939.
718.
1005.
1165.
1317 .
1962.
1561.
1582.
1587.
1008.
1197.
1301.
1998.
1629.
1697 .
1776.
1817.
1788.
1771.
xxxxxxx
3.
3.
2.
2.
2.
2.
2.
2.
6.
9997 .
9025.
8559.
7956.
6971.
6605.
6299.
6273.
6369.
6097.
1 9 3 0 ..........
1 9 3 1 ..........
1 9 3 2 ..........
1 9 3 3 ..........
1 9 3 9 ..........
1 9 3 5 ..........
1936 ..........
1937 ..........
1 9 3 8 ..........
1 9 3 9 ..........
11930.
11109.
10105.
9018.
8899.
8933.
8568.
8589.
8897.
8720.
xxxxxxx
xxxxxxx
xxxxxxx
xxxxxxx
250.
280.
205.
313.
630.
995.
11930.
11109.
10105.
9018.
8599.
8653.
8363.
8271.
8267.
8275.
2788.
2397.
1997.
1959.
1012.
1109.
996.
1065.
1181.
1298.
1571.
1522.
1937.
1517.
2991.
2737.
2778.
2752.
2666.
2535.
1795.
1703.
1587 .
1920.
1088.
930.
899.
827.
822.
823.
7.
93.
100.
207.
180.
296.
283.
269.
317.
395.
5820.
5989.
5039.
9916.
3828.
3637.
3957.
3358.
3281.
3229.
1 9 9 0 ..........
1 9 9 1 ..........
1 9 9 2 ..........
1 9 9 3 ..........
1 9 9 9 ..........
1 9 9 5 ..........
1996 ..........
1997 ..........
1 9 9 8 ..........
1 9 9 9 ..........
9162.
9197 .
8729.
7890.
7900.
6987.
7925.
8179.
10210.
11210.
629.
610.
773.
589.
683.
277.
65.
89.
1152.
1721.
8533.
8587.
7956.
7251.
6717.
6710.
7360.
8089.
9058.
9989.
1386.
1965.
1277 .
1266.
1281.
1910.
1800.
2220.
2601 .
2729.
2978.
2387.
2159.
1839.
1591.
1392.
1211 .
1162.
1212.
1238.
853.
897.
882.
890.
799.
761.
757.
816.
880.
990.
961.
527.
599.
607.
566.
520.
516.
999.
968.
976.
3355.
3311 .
3039.
2709.
2530.
2677.
3076.
3397.
3897.
9061.
TABLE 511
OUTSTANDING FARM DEBT, DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
AMOUNTS IN MILLIONS OF DOLLARS
DEBT EXCLUDING CCC LOANS
DEBT INCLUDING
CCC LOANS
YEAR
FARMERS
HOM
E
ADMINIS
TRATION
INDIVIDUALS
AND
OTHERS
TOTAL
TOTAL
1 9 5 0 ..........
1 9 5 1 ..........
1 9 5 2 ..........
1 9 5 3 ..........
1 9 5 4 ..........
1 9 5 5 ..........
1956 ..........
1957 ..........
1 9 5 8 ..........
1 9 5 9 ..........
11678.
13109.
14467.
15304.
15949.
16960.
17435.
18410.
21518.
22473.
812.
588.
1184.
2390.
2219.
1870.
1563.
1215.
2473.
1165.
10866.
12521.
13284.
12913.
13730.
15090.
15872.
17195.
19045.
21308.
3221 .
3813.
3929.
3542.
3766.
4222.
4221.
4549.
5160.
5888.
1336.
1489.
1590.
1597.
1708.
1954.
2219.
2563.
2955.
3443.
1147 .
1309.
1460.
1615.
1757.
1954.
2140.
2239.
2320.
2470.
508.
515.
578.
631.
690.
712.
779.
853.
887.
942.
4654.
5395.
5727 .
5528.
5809.
6248.
6513.
6991 .
7723.
8565.
1 9 6 0 ..........
1 9 6 1 ..........
1 9 6 2 ..........
1 9 6 3 ..........
1 9 6 4 ..........
1 9 6 5 ..........
1 9 6 6 ..........
1967 ..........
1 9 6 8 ..........
1 9 6 9 ..........
23795.
25946.
28663.
31379.
33686.
37228.
40327.
43552.
46468.
48928.
1390.
1866.
2055.
1926.
1543.
1411 .
1157.
1420.
2671 .
2676.
22405.
24080.
26608.
29453.
32144.
35816.
39169.
42132.
43796.
46252.
6116.
6471.
7306.
8184.
8761.
9582.
10541.
11512.
12187.
12878.
3741 .
4146.
4551.
5012.
5594.
6400.
7449.
8534.
9315.
10510.
2615.
2789.
3002.
3358.
3822.
4295.
4666.
4959.
5167.
5222.
1005.
1273.
1425.
1563.
1712.
1974.
2133.
2347.
2568.
2720.
8928.
9401.
10324.
11336.
12255.
13565.
14380.
14780.
14559.
14922.
1 9 7 0 ..........
1971. . . . .
1 9 7 2 ..........
1 9 7 3 ..........
1 9 7 4 ..........
1 9 7 5 ..........
1976. . . . .
1977 ..........
1 9 7 8 ..........
)9 7 9 . . . . .
50483.
55307.
60232.
68120.
75955.
85218.
96962.
114903.
131919.
155160.
1876.
2262.
1793.
750.
319.
375.
1040.
4540.
5666.
5070.
48606.
53044.
58438.
67369.
75636.
84842.
95923.
110363.
126254.
150088.
13820.
15542.
17774.
21067.
22547.
24672.
28077.
31289.
34435.
37125.
11723.
13166.
14759.
17696.
21711.
25222.
29008.
32992.
37564.
45375.
5122.
5090.
5174.
5480.
5799.
6198.
6828.
8150.
9698.
11278.
2880.
3021.
3233.
3484.
3818.
4604.
4963.
6377.
8834.
14372.
15061.
16225.
17498.
19642.
21761.
24146.
27047.
31555.
35723.
41938.
1 9 8 0 ..........
1 9 8 1 ..........
1 9 8 2 ..........
1 9 8 3 ..........
1 9 8 4 ..........
1985,....
1 9 8 6 ..........
170207.
188833.
203598.
202450.
198983.
191979.
176065.
4978.
8011.
15433.
10801.
8942.
1 6 92 8.
18805.
165229.
I 180824.
I 188165.
191646.
190038.
175051.
157260.
37746.
38788.
41948.
45569.
46932.
44181.
41295.
52957.
61522.
64383.
64316“.
63319.
55352.
45520.
11991.
12136.
11898.
11834.
11592.
11036.
10250.
17367.
20683.
21270.
21514.
22921.
24252.
23910.
45168.
47695.
48666.
48413.
45274.
40230.
36285.
BANKS
COOPERATIVE
LIFE
FARM
INSURANCE
CREDIT
COMPANIES
SYSTEM
CCC
LOANS
19
20
OUTSTANDING FARM REAL ESTATE DEBT, DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
AMOUNTS IN MILLIONS OF DOLLARS
COOPERATIVE FARM CREDIT SYSTEM
TOTAL
BANKS
TOTAL
FEDERAL
LAND
BANKS
_________
FEDERAL
JOINTFARM
STOCK
MORTGAGE
LAND
CORPORATION____ BANKS___
LIFE
INSURANCE
COMPANIES
FARMERS
HOME
ADMINIS
TRATION
INDIVIDUALS
AND
OTHERS
19 10 .
19 11 .
19 12 .
19 13 .
19 14 .
1915 .
1916 .
1917
1918
1919.
2947.
3289.
36 3 9 .
3939.
4177.
4399.
4875.
5471.
5973.
7071.
400.
485.
564.
606.
624.
650.
782.
844.
862.
1008.
******
XXX***
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
34.
138.
296.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
33.
131.
246.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
2.
7.
50.
354.
401.
460.
499.
560.
640.
720.
799.
851.
815.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
2194.
2402.
2615.
2834.
2992.
3109.
3374.
3793.
4121.
4952.
19 20
1921
1922
1923
1924
1 925
1926
1927
1928
1929
8554.
8956.
9025.
8924.
8295.
8127.
8082.
8164.
8164.
8058.
1211.
1289.
1261.
1162.
1004.
986.
958.
918.
876.
834.
358.
434.
718.
996.
1147.
1292.
1424.
1519.
1539.
1540.
293.
362.
535.
668.
773.
836.
895.
958.
990.
1006.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
65.
71.
183.
329.
373.
457.
529.
561.
550.
534.
1008.
1197.
1301.
1498.
1624.
1697 .
1776.
1817.
1788.
1771.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
5976.
6036.
5746.
5268.
4520.
4152.
3926.
3910.
3961.
3913.
1930
1931
19 32
1933
1934
19 35
1936
1937
1938
1939
7864.
7610.
7084.
6431.
6347.
6212.
5988.
5820.
5673.
5512.
793.
787.
744.
595.
418.
408.
408.
419.
434.
447.
1509.
1451.
1358.
1457.
2378.
2601.
2638.
2581.
2493.
2356.
1002.
988.
960.
1053.
1630.
1769.
1798.
1780.
1748.
1682.
xxxxxx
xxxxxx
xxxxxx
59.
516.
665.
704.
690.
648.
597.
507.
462.
398.
345.
232.
168.
136.
112.
96.
77.
1745.
1703.
1587.
1420.
1088.
930.
849.
827.
822.
823.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
8.
27.
3818.
3669.
3396.
2960.
2463.
2272.
2092.
1993.
1916.
1859.
1940
1941
1942
1943
19 44
1945
1946
1947
1948
5454.
5381.
5040.
4592.
4210.
4065.
4172.
4305.
4490.
4714.
456.
451.
404.
381.
384.
433.
582.
715.
762.
788.
2282.
2171.
1945.
1611.
1331.
1129.
958.
847.
804.
815.
1644.
1588.
1453.
1237.
1031.
921.
832.
755.
737.
765.
576.
536.
460.
366.
296.
204.
125.
91.
66.
50.
61.
47.
31.
9.
5.
3.
1.
1.
0.
0.
853.
897.
882.
840.
799.
761.
757.
816.
880.
990.
55.
98.
135.
148.
167.
157.
164.
168.
167.
171.
1808.
1764.
1674.
1612.
1529.
1585.
1711.
1759.
1877.
1950.
TABLE 521
OUTSTANDING FARM REAL ESTATE DEBT, DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
AMOUNTS IN MILLIONS OF DOLLARS
YEAR
TOTAL
BANKS
i
i
1
1
1
|
COOPERATIVE FARM CREDIT SYSTEM
TOTAL
FEDERAL
LAND
BANKS
FEDERAL
FARM
MORTGAGE
CORPORATION
JOINTSTOCK
LAND
BANKS
LIFE
INSURANCE
COMPANIES
|
1
1
l
FARMERS
HOME
ADMINIS
TRATION
INDIVIDUALS
AND
OTHERS
1 9 5 0 ..........
1 9 5 1 ..........
1 9 5 2 ..........
1 9 5 3 ..........
1 9 5 4 ..........
1 9 5 5 ..........
1956 ..........
1957 . . . . .
1 9 5 8 ..........
1959. . . . .
5184.
5657.
6161.
6602.
7058.
7750.
8486.
9012.
9671.
10 584.
836.
864.
910.
931.
994.
1096.
1121.
1142.
1228.
1334.
841.
872.
932.
1013.
1096.
1273.
1488.
1646.
1801.
2046.
804.
844.
912.
998.
1085.
12 7 3 .
14 8 8 .
1646.
18 0 1 .
2046.
37.
28.
20.
15.
11.
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
11 4 7 .
1309 .
1 4 60 .
16 1 5 .
17 57 .
19 5 4 .
2140.
2239.
2320.
2470.
218.
247 .
281.
300.
323.
355.
400.
470.
530.
592.
2142.
2365.
2578.
2743.
2888.
3072.
3337 .
3515.
37 92.
4142.
1960. . . . .
1 9 6 1 ..........
1962.....
1 9 6 3 ..........
1964. . . . .
1 9 6 5 ..........
1 9 6 6 ..........
1967. . . . .
1 9 6 8 ..........
19 69. . . . .
11 269.
12 259.
13424.
14922.
16835.
18921.
20645.
22540.
24605.
26246.
1399.
14 48.
1655.
1898.
2155.
2327.
2477.
2750.
3002.
31 16.
2232.
2472.
2676.
2914.
3283.
3784.
4397.
4981.
5462.
5977.
2232.
2472.
2676.
2914.
3283.
3784.
4397.
4981.
5462.
5977.
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
26 15.
2789.
3002.
3358.
3822.
4295.
4666.
4959.
5167.
5222.
636.
836.
936.
1040.
1145.
1343.
1486.
1645.
1845.
2029.
4387 .
4714.
5155.
5712.
6431.
7171.
7618.
8205.
9128.
9902.
1 9 7 0 ..........
1 9 7 1 ..........
1 9 72 .....
1 9 7 3 ..........
1 9 7 4 ..........
1 9 7 5 ..........
1976 ..........
1 9 7 7 ..........
1 9 7 8 ..........
1 9 7 9 ..........
27360.
29065.
31739.
35800.
40561.
45161.
50352.
57953.
65560.
78526.
3329.
3731.
4246.
4844.
5312.
5621.
6075.
6994.
7717.
7798.
6420.
7094.
8165.
9849.
12 187.
14533.
16 881.
19 640.
22686.
27322.
6420.
7094.
8165.
9849.
12187.
14533.
16881.
19640.
22686.
27322.
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
******
5122.
5090.
5174.
5480.
5799.
6198.
6828.
8150.
9698.
11278.
2180.
2343.
2547.
2712.
2899.
3044.
3311.
3613.
3747.
6467.
10 308.
10 806.
11607.
12914.
14 363.
15764.
17 258.
19556.
21712.
25660.
1 9 8 0 .....
87781.
97218.
101192.
103726.
102926.
97531.
89430.
7760.
7573.
7626.
8494.
9313.
10443.
11675.
33208.
40254.
43859.
44923.
45236.
41355.
34 955,
33208.
40254.
43859.
44923.
45236.
41 355.
34955.
******
******
******
******
******
******
******
******
******
******
******
******
******
******
11991.
12136.
11898.
11834.
11592.
11036.
10250.
7021.
7965.
8282.
8626.
9148.
9537.
9480.
27801.
29291.
29527.
29847.
27634.
25160.
23070.
1 9 8 1 ____ ,
1 9 8 2 ..........
1 9 8 3 ____ _
1 9 8 4 ..........
19 85 .....
1986. . . . .
21
22
OUTSTANDING FARM NON-REAL-ESTATE DEBT, DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
AMOUNTS IN MILLIONS OF DOLLARS
DEBT INCLUDING
CCC LOANS
DEBT EXCLUDING CCC LOANS
COOPERATIVE FARM CREDIT SYSTEM
TOTAL
CCC
LOANS
TOTAL
BANKS
PRODUCTION
FEDERAL
TOTAL
CREDIT
INTERMEDIASSOCIAATE CREDIT
__________________ TIONS_________ BANKS___
X^XKXX
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
1218.
1255.
1383.
1452.
14 61.
1590.
1850.
2265.
2422.
3142.
3660.
3104.
2921.
2784.
2530.
2553.
2429.
2414.
2456.
2356.
xxxxxx
xxxxxx
xxxxxx
9.
18.
25.
38.
42.
43.
.47.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
9.
18.
25.
38.
42.
43.
47.
xxxxxx
3.
3.
2.
2.
2.
2.
2.
2.
6.
3521.
2988.
2813.
2688.
2452.
2453.
2373.
2362.
2403.
2184.
250.
280.
205.
313.
630.
445.
4066.
3494.
3021.
2586.
2251.
2441.
2376.
2451.
2594.
2763.
1995.
15 60.
1203.
864.
594.
695.
587.
646.
746.
851.
62.
71.
79.
60.
113.
135.
140.
171.
173.
17 9 .
xxxxxx
xxxxxx
xxxxxx
xxxxxx
58.
89.
100.
13 2 .
141.
147.
62.
71.
79.
60.
55.
46.
40.
39.
32.
32.
7.
43.
100.
207.
180.
246.
283.
269.
309.
368.
2002.
1820.
1638.
1456.
1365.
1365.
1365.
1365.
1365.
1365.
629.
610.
773.
589.
683.
277.
65.
84.
1152.
1721.
3079.
3206.
2916.
2659.
2507.
2645.
3188.
3784.
4568.
4775.
930.
1014.
873.
885.
897.
977.
12 18.
1505.
1839.
1936.
19 6 .
216 *
214.
223.
210.
213.
253.
315.
408.
423.
164.
179.
17 6 .
189.
180.
1 8 7.
221.
277.
352.
372.
32.
37.
38.
34.
30.
26.
32.
38.
56.
51.
406.
429.
464.
459.
399.
363.
352.
326.
301.
305.
1547.
1547.
1365.
1092.
1001.
1092.
1365.
1638.
2020.
2111.
1910.
1911.
1912.
1913,
1914,
1915
1916,
1917.
1918,
1919
2483.
2559.
2821.
2962.
2979.
3242.
3773.
4620.
4939.
6409.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
2483.
2559.
2821.
2962.
2979.
3242.
3773.
4620.
4939.
6409.
1266.
1305.
1438.
1510.
1518.
1653.
1923.
2355.
2517.
3267.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
7181.
6095.
5737.
5483.
5001.
5033.
4842.
4820.
4904.
4593.
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
7181.
6095.
5737.
5483.
5001.
5033.
4842.
4820.
4904.
4593.
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
4066.
3494.
3021.
2586.
2501.
2721.
2581.
2764.
3224.
3207.
xxxxxx
xxxxxx
xxxxxx
1940
1941
1942
1943
1944
1945
1946
1947
3708.
3815.
3689.
3248.
3190.
2923.
3253.
3869.
5720.
6496.
FARMERS
INDIVIDUALS
HOME
AND
ADMINIS- I OTHERS
TRATION I
XXXXXX
1
1
I
TABLE 531
OUTSTANDING FARM NON-REAL-ESTATE DEBT, DECEMBER 31 (EXCLUDING FARM HOUSEHOLDS)
AMOUNTS IN MILLIONS OF DOLLARS
DEBT EXCLUDING CCC LOANS
DEBT INCLUDING
CCC LOANS
YEAR
1 9 5 0 ..........
1 9 5 1 ..........
1 9 5 2 ..........
1 9 5 3 ..........
1954 . . . .
1955., ..
1 9 5 6 ..........
1957 ..........
1 9 5 8 ..........
1 9 5 9 ____ J i
jj
I 9 6 0 .......... I 1
1 9 6 1 .......... 1 1
I
1 9 6 2 ------ I
1 9 6 3 .......... I I
I
1 9 6 4 .......... 1
1 9 6 5 .......... 1 I
1 9 6 6 .......... 1I
1 9 6 7 .......... I I
1 9 6 8 .......... I I
1 9 6 9 .......... 1 I
|
j
1970.....1
1 9 7 1 .......... 1
1 9 7 2 .......... !
1 9 7 3 ..........
1 9 7 4 ..........
1 9 7 5 ..........
1 9 7 6 ..........
1977 ..........
1 9 7 8 ..........
1 9 7 9 ..........
1 9 8 0 ..........
1 9 8 1 ..........
1982 .....
1 9 8 3 ..........
1 9 8 4 ..........
1 9 8 5 ..........
1 9 8 6 ..........
COOPERATIVE FARM CREDIT SYSTEM 1
1 FARMERS INDIVIDUALS
PRODUCTION
FEDERAL 1
HOME
AND
TOTAL
CREDIT
INTERMEDI-I ADMINIS- 1 OTHERS
ASSOCIAATE CREDIT 1 TRATION
__________________ TIONS_________ BANKS___ 1
______________ 1
TOTAL
BANKS
5682.
6864.
7123.
6311.
6672.
7340.
7386.
8183.
9374.
10 724.
2385.
2949.
30 19.
2611.
2772.
3126.
31 00.
3407.
3932.
4554.
495.
617 .
658.
584.
612.
681.
731.
917.
1154.
. 1397.
433.
539.
57 5 .
520.
554.
619.
671.
850.
10 7 0 .
13 0 7 .
62.
78.
83.
64.
58.
62.
60.
67.
84.
90.
290.
268.
297.
331.
36 7 .
35 7 .
379.
383.
357.
350.
2512.
30 30.
3149.
2785.
2921 .
3176.
3176.
3476.
3931.
4423.
1390.
1866.
2055.
1926.
1543.
1411.
1157.
1420.
2671.
2676.
11136.
11821.
13 184.
14 531.
15 308.
16 896.
18 525.
19592.
19192.
20006.
4717.
5023.
5651.
6286.
6606.
7255.
8064.
8762.
9185.
9762.
1509.
1674.
1875.
2098.
2311.
2616.
3052.
3553.
3853.
4533.
1421.
1575.
17 6 5 .
1972.
2186.
2476.
2895.
33 7 7 .
3673.
4315.
88.
99.
1 1 0.
126.
125.
140.
15 7 .
176.
180.
218.
369.
437.
489.
523.
567.
631.
647.
702.
723.
691.
4541.
4687 .
5169.
5624.
5824.
6394.
6762.
6575.
5431.
5020.
23123.
26242.
28493.
32320.
35394.
40057.
46610.
56950.
66359.
76634.
1876.
2262.
1793.
750.
319.
375.
1040.
4540.
5666.
5070.
21247.
23980.
26699.
31570.
35076.
39682.
45570.
52410.
60694.
71563.
10 491.
11811.
13 528.
16223.
17 235.
19051.
22002.
24295.
26718.
29327.
53 03.
6072.
6594.
7847.
9524.
10689.
12127.
13352.
14 878.
18 053.
50 83.
58 35.
6343.
7516.
9150.
10339.
11759.
12978.
14369.
17388.
220.
237.
251.
331.
374.
350.
368.
374.
509.
665.
700.
678.
686.
772.
919.
1560.
1652.
2764.
5087.
7905.
4753.
5419.
5891 .
6728.
7398.
8382.
9789.
11999.
14011.
16278.
82426.
91615.
102406.
98724.
96057.
94448.
86635.
4978.
8011.
15 433.
10 801.
8942.
16 928.
18 805.
77448.
83605.
86973.
87922.
87115.
77520.
67830.
29986.
31 215.
34322.
37 075.
37619.
33 738.
29620.
19749.
21268.
20524.
19393.
18083.
13997.
10565.
18939.
20 355.
19653.
18543.
17208.
13460.
10290.
810.
913.
871.
850.
875.
537.
275.
10346.
12718.
12988.
12888.
13773.
14715.
14430.
17367.
18404.
19139.
18566.
17640.
15070.
13215.
TOTAL
CCC
LOANS
6493.
7451.
8306.
8701.
8892.
9210.
8949.
9399.
11 847.
11889.
812.
588.
1184.
2390.
2219.
1870.
1563.
1215.
2473.
1165.
12526.
13686.
15 239.
16 457.
16850.
18 306.
19 683.
21012.
21863.
22681.
i
23
24
PRICE INDEX USED IN COMPUTING VALUES IN 1986 DOLLARS (TABLES 1 0 1 ,
INDEX/
1986
PERCENTAGE CHANGE
FROM PREVIOUS YEAR
= 100
YEAR
ANNUAL
AVERAGE
112,
3
4
INDEX,
AND 4 1 2 )
AND REAL CAPITAL GAINS (TABLE 3 4 1 )
PERCENTAGE CHANGE
FROM PREVIOUS YEAR
1986 = 100 ,
YEAR
DECEMBER
31
ANNUAL
AVERAGE
DECEMBER
31
ANNUAL
AVERAGE
DECEMBER
31
ANNUAL
AVERAGE
DECEMBER
31
1910...
1911...
1912...
1913...
191A. . .
1915...
1916...
1917...
1918...
1919...
7.9
7.9
8.2
8.4
8.5
8.6
9.2
10.8
12.7
14.6
7.9
8.0
8.3
8.4
8.5
8.9
10.0
11.8
13.7
15.7
xxxxx
0.0
3.6
2.4
1.3
1.0
7.6
17.4
17.4
14.9
0.0
1.5
3.0
2.0
1.4
4.2
12.7
17.3
16.1
15.3
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
22.9
24.3
24.9
25.4
25.5
25.8
26.4
27.1
27.7
28.3
23.8
24.6
25.3
25.5
25.6
26.0
26.8
27.5
27.9
28.5
2.3
6.1
2.2
2.1
0.3
1.4
2.0
3.0
1.9
2.2
5.8
3.5
2.5
0.9
0.5
1.4
3.2
2.6
1.4
2.2
1920...
1921...
1922...
1923...
1924...
1925...
1926...
1927...
1928...
1929...
16.9
15.1
14.2
14.4
14.4
14.8
14.9
14.7
14.5
14.5
16.0
14.6
14.3
14.4
14.6
14.9
14.8
4,5
14.5
14.3
15.8
-10.7
-6.3
1.8
0.2
2.5
1.5
-8.6
-2.5
1.1
1.4
1.7
-0.5
-1.6
-0.6
-1.4
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...
28.8
29.2
29.7
30.1
30.6
31.2
32.1
32.9
34.4
35.9
29.0
29.4
29.9
30.4
30.9
31.6
32.6
33.6
35.1
36.7
1.9
1.2
1.8
1.5
1.7
1.7
3.1
2.5
4.5
4.3
1.7
1.4
1.8
1.8
1.4
2.4
3.0
3.1
4.6
4.6
1930...
1931...
1932. . .
1933...
1934...
1935. .
1936...
1937...
1938...
1939...
14.1
12.7
11.2
10.8
11.7
12.0
12.1
12.6
12.4
12.3
13.4
12.0
11.0
11.2
11.8
12.0
12.3
12.4
12.3
12.3
-2.5
-10.0
-11.4
-3.6
7.8
2.4
1.3
3.7
-1.6
-0.7
-6.2
-10.5
-7.7
1.8
5.0
2.0
2.3
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
37.6
39.3
40.9
43.4
48.0
51.8
54.8
58.4
62.7
68.5
38.4
40.2
41.8
45.5
50.0
53.5
56.4
60.2
65.2
72.1
4.6
4.7
4.0
6.2
10.5
8.0
5.7
6.5
7.3
9.2
4.6
4.6
3.9
8.9
10.0
6.9
5.5
6.7
8.2
10.5
1940. . .
1941...
1942. . .
1943...
1944. . .
1945...
1946.,.
1947...
1948...
1949...
12.4
13.4
14.8
16.2
17.1
17.8
19.3
21.3
22.5
22.4
12.9
14.1
15.4
16.6
17.4
18.5
20.6
22.1
22.6
22.5
1.3
7.4
10.5
9.3
5.7
4.0
8.4
10.5
5.8
-0.4
4.4
9.2
9.9
7.3
4.9
6.3
11.4
7.2
2.4
-0.4
1980...
1981...
1982...
1983...
1984...
1985...
1986...
75.8
82.8
87.6
91.2
94.7
98.0
100.0
79.6
85.5
89.4
93.0
96.3
99.4
101.6
10.7
9.2
5.7
4.1
3.8
3.5
2.1
10.5
7.4
4.6
4.0
3.5
3.3
2.2
1.0
-1.9
-1.3
0.0
|
|
|
1
-
1. 0
1. 0
0. 0
!
FOR 1 9 2 9 - 1 9 8 6 , THE INDEX SHOWN I S BASED ON THE IMPLICIT PRICE DEFLATOR FOR PERSONAL CONSUMPTION EXPENDITURES ( 1 9 8 2 BASE).
DEFLATOR VALUES FOR DECEMBER 31 ARE ESTIMATED AS THE AVERAGE OF THE TW ADJOINING QUARTERS (FOR 1 9 2 9 - 1 9 4 5 , THE TW ADJOINING YEARS).
O
O
FOR YEARS BEFORE 1 9 2 9 , THE INDEX SHOWN I S BASED ON THE CONSUMER PRICE INDEX ADJUSTED TO THE LEVEL OF THE PCE DEFLATOR IN 1 9 2 9 .
FARM DEBT OUTSTANDING (including farm households)
Total debt
541
542
Annual..... .................... 26
Quarterly...................... 27
Real estate and non-real-estate debt
551
552
Annual.........................
Quarterly......................
30
31
Major institutional farm lenders provide monthly or quarterly reports on their outstanding amount of farm loans.
The USDA compiles annual year-end data for these lenders and also estimates the amount of debt held by
nonreporting lenders ("individuals and others"). The annual data shown are from sources listed on page 3.
The quarterly series shown in Tables 542 and 552 are new quarterly estimates of total farm debt (excluding CCC
"loans," which are shown only as an addendum item) intended to be consistent with the annual estimates published
by the USDA. For the major institutional lenders, the quarterly series shown are based on the quarterly reports
listed below, but during each year the data for each quarter have been adjusted by the amount required to make
the year-end value correspond to the annual series.
(At year-end, USDA estimates differ somewhat from lender
reports because of such adjustments as the exclusion of nonfarm loans or of loans in Puerto Rico.) For
"individuals and others," quarterly series have been constructed by imputing the average seasonal variation
observed at lenders that report quarterly.
The quarterly reports used are:
quarterly reports of condition, all insured commercial banks;
quarterly call data for the Farm Credit System obtained by the Farm Credit Administration;
"Cross Flow of Mortgage Loans in the United States," American Council of Life Insurance;
"Report 616," Farmers Home Administration, U.S. Department of Agriculture; and
estimates of CCC "loans" made by the Economic Research Service, U.S. Department of Agriculture.
25
26
TABLE 541
FARM DEBT OUTSTANDING (INCLUDING FARM HOUSEHOLDS)
END OF
QUARTER
TOTAL
541.1
1 9 7 8 - ..........
1 9 7 9 - ..........
1 9 8 0 - ____ _
1 9 8 1 - ..........
1 9 8 2 - ..........
1983-*, . . .
1 9 8 4 -.....
1 9 8 5 - ..........
1 9 8 6 - ____ _
135437.
161004.
177162.
193961.
201737.
205400.
203695.
187859.
168866.
541.2
1 9 7 8 - ..........
1 9 7 9 - ..........
1 9 8 0 - ..........
1 9 8 1 - ..........
1 9 8 2 - ..........
1 9 8 3 - .......... 1
1 9 8 4 - .......... 1I
1 9 8 5 - .......... 1I
1 9 8 6 - .......... I
1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
541.3
1 9 7 8 - ..........
1 9 7 9 - ..........
1 9 8 0 - ..........
1 9 8 1 - ..........
1 9 8 2 - ..........
1 9 8 3 - ..........
1 9 8 4 - ..........
1 9 8 5 - ..........
1 9 8 6 - ..........
16992.
25567.
16 158.
16799.
7776.
3663.
-1705.
-15836.
-18993.
541.4
1 9 7 8 - ..........
1 9 7 9 - ..........
1 9 8 0 - ..........
1 9 8 1 - ..........
1 9 8 2 - ..........
1 9 8 3 - ..........
1 9 8 4 - ..........
1 9 8 5 - ..........
1 9 8 6 - ..........
1
1
1
]
I
I
1
14.3
18.9
10.0
9.5
4.0
1.8
“ .8
-7.8
-10.1
NON-REALESTATE
REAL
ESTATE
AMOUNT,
END OF YEAR,
71610.
85599.
95582.
105756.
109977.
112617.
111645.
105690.
96807.
63827.
75405.
81580.
88205.
91760.
92783.
92050.
82169.
72059.
PERCENTAGE OF TOTAL,
52.9
53.2
54.0
54.5
54.5
54.8
54.8
56.3
57.3
47.1
46.8
46.0
45.5
45.5
45.2
45.2
43.7
42.7
CHANGE DURING YEAR,
8152.
13989.
9983.
10174.
4221.
2640.
-972.
-5955.
-8883.
8840.
11578.
6175.
6625.
3555.
1023.
-733.
-9881.
-10110.
TOTAL
REAL
ESTATE
ADDENDUM:
REPORTING LENDING INSTITUTIONS
INDIVIDUALS AND OTHERS
TOTAL DEBT
TOTAL
NON-REALESTATE
INSURED COOPERATIVE
LIFE
FARM
INSURANCE
COMMERCIAL
CREDIT
COMPANIES
BANKS
___ SYSTEM
CCC
"LOANS"
FARMERS
HONE
ADMINIS
TRATION
MILLIONS OF DOLLARS
37935.
44490.
47901.
50550.
51530.
51265.
47900.
42578.
38398.
23638.
27880.
30180.
31770.
32000.
32320.
29900.
27200.
24914.
17.5
17.3
17.0
16.4
15.9
15.7
14.7
14.5
14.8
10.6
10.3
10.0
9.7
9.7
9.2
8.8
8.2
8.0
97502.
116514.
129261.
143411.
150207.
154135.
155795.
145281.
130468.
10478.
12165.
12928.
13074.
12802.
12717.
12444.
11836.
10983.
9901 ,
16093.
19471.
23196.
23844.
24098.
25664.
27145.
26750.
5666 .
5070.
4978 .
8011.
15433.
10801.
8942.
16928.
18805.
36 830.
39657.
40127.
41200.
44520.
48 343.
49785.
46898.
43870.
40292.
48598.
56735.
65941.
69042.
68976.
67903.
59402.
48865.
72.0
72.4
73.0
73.9
74.5
75.0
76.5
77.3
77.3
27.2
24.6
22.6
21.2
22.1
23.5
24.4
25.0
26.0
29.7
30.2
32.0
34.0
34.2
33.6
33.3
31.6
28.9
7.7
7.6
7.3
6.7
6.3
6.2
6.1
6.3
6.5
12 636.
19012.
12 747.
14150.
6796.
3928.
1660.
-10514.
-14813.
14 297.
16610.
17721.
18 780.
19 530.
18945.
18 000.
15 378.
13 484.
3341.
2827.
470.
1073.
3320.
3823.
1442.
-2887 .
-3028.
4858.
8306.
8137 .
9206.
3101.
-66.
-1073.
-8501.
-10537.
1659.
1687.
763.
14 6 .
-272.
-85.
-273.
-608.
-853.
27 78.
6192.
3378.
3725.
648.
254.
1566 .
1481 .
-395.
1126.
-596.
-92.
3033.
7422.
-4632.
-1859.
7986.
1877.
10.0
7.7
1.2
2.7
8.1
8.6
3.0
-5.8
-6.5
13.7
20.6
16.7
16.2
4.7
-.1
-1.6
-12.5
-17.7
18.8
16.1
6.3
1.1
-2.1
-.7
-2.1
-4.9
-7.2
39.0
62.5
21.0
19.1
2.8
1.1
6.5
5.8
-1.5
24.8
-10.5
-1.8
60.9
92.6
-30.0
-17.2
89.3
11.1
I
!
I
END OF YEAR
28.0
27.6
27.0
26.1
25.5
25.0
23.5
22.7
22.7
|
I
I
7.3
10.0
11.0
12.0
11.8
11.7
12.6
14.4
15.8
xxx*xx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
MILLIONS OF DOLLARS
4356.
6555.
34 11.
2649.
980.
-265.
-3365.
-5322.
-4180.
2303.
4242.
2300.
1590.
230.
320.
-2420.
-2700.
-2286.
2053.
2313.
1111.
1059.
750.
-585.
-945.
-2622.
-1894.
10.8
17.9
8.2
5.3
.7
1.0
-7.5
-9.0
-8.4
16.8
16.2
6.7
6.0
4.0
-3.0
-5.0
-14.6
-12.3
PERCENTAGE CHANGE DURING YEAR
12.8
19.5
11.7
10.6
4.0
2.4
-.9
-5.3
-8.4
16.1
18.1
8.2
8.1
4.0
1.1
-.8
-10.7
-12.3
13.0
17.3
7.7
5.5
1.9
-.5
-6.6
-11.1
-9.8
14.9
19.5
10.9
10.9
4.7
2.6
1.1
-6.7
I -10.2
J
___________
TABLE 542
FARM DEBT OUTSTANDING
TOTAL DEBT
END OF
QUARTER
TOTAL
542.1
REAL
ESTATE
AMOUNT,
REPORTING LENDING INSTITUTIONS
INDIVIDUALS AND OTHERS
NON-REALESTATE
TOTAL
END OF QUARTER,
REAL
ESTATE
NON-REALESTATE
TOTAL
ADDENDUM:
LIFE
FARMERS
INSURED COOPERATIVE
FARM
INSURANCE
HOM
E
COMMERCIAL
CREDIT
COMPANIES ADMINISBANKS
___ SYSTEM___________________ TRATION
CCC
"LOANS"
MILLIONS OF DOLLARS
1983-Q1...
-Q 2 ...
~Q3. . .
- Q 4 ...
201671.
207359.
208244,
205399.
110360.
111580.
112319.
112617.
91311.
95779.
95924.
92782.
51235.
52232.
52365.
51265.
32 085.
32 2 9 3 .
32390.
32320.
19150.
19939.
19975.
18945.
150436.
155127.
155878.
154134.
44897.
47452.
48166.
48343.
68769.
69993.
70116.
68976.
12 630.
12642.
12727.
12717.
24140.
25040.
24 870.
24 098.
19084.
16055.
12207.
10801.
1984-Q l . ..
- Q 2 ...
- Q 3 ...
-Q 4 ...
204759.
209811.
210311.
203696.
112360.
112728.
112745.
111646.
92399.
97083.
97566.
92050.
50188.
50399.
49778.
47900.
31717.
31221.
30640.
29900.
18 471.
19178.
19138.
18000.
154571.
159412.
160533.
15 5796.
48838.
51269.
51715.
49785.
68474.
69612.
69966.
67903.
12 549.
12561.
12622.
12444.
24710.
25970.
26230.
25664.
8806.
6525.
6474.
8942.
1 9 3 5 -Q 1 ...
- Q 2 . ..
-Q 3 .,.
-Q4. . .
200146.
202523.
198736.
187859.
111062.
109868.
107973.
105690.
89084.
92655.
90763.
82169.
46349.
45984.
44862.
42578.
29231.
28647.
28003.
27200.
17118.
17336.
16859.
15378.
15 3797.
156539.
153874.
145281.
48565.
50523.
50218.
46898.
66485.
65601.
63157.
59402.
12177.
12135.
12039.
11836.
26570.
28 280.
28460.
27145.
9973.
8808.
9812.
16 92 S.
1986-Q1...
- Q 2 ...
- Q 3 ...
"Q4. . .
132464.
181639.
178027.
168866.
103888.
101645.
99699.
96807.
78576.
79094.
78328.
72059.
!
I
I
|
|
I
|
I
41351.
41143.
40292.
38398.
26643.
26147.
25604.
24914.
14708.
14996.
14688.
13484.
14 1113.
140495.
137735.
130468.
45459.
46227.
46035.
43870.
56871 .
54665.
52274.
48865.
11 623.
11313.
11406.
10983.
27 160.
28290.
28020.
26 750.
19780.
17966.
15763.
18805.
1987-Q1. . .
161696.
94299.
67397.
|
I
1
1
36700.
24250.
12450.
124996.
42000.
45701.
10700.
26595.
XXXXXXX
542.2
PERCENTAGE OF TOTAL,
jj
END OF QUARTER
1983-Q1. . .
-Q 2...
” Q3 . . >
~Q4...
100.0
100.0
100.0
100.0
54.7
53.8
53.9
54.8
45.3
46.2
46.1
45.2
25.4
25.2
25.1
25.0
15.9
15.6
15.6
15.7
9.5
9.6
9.6
9.2
74.6
74.8
74.9
75.0
22.3
22.9
23.1
23.5
34.1
33.8
33.7
33.6
6.3
6.1
6.1
6.2
12.0
12.1
11.9
11.7
xxxxxx
xxxxxx
xxxxxx
1 xxxxxx
1984-Q1...
- Q2 - . .
- Q 3 ...
~Q4, . .
100.0
100.0
100.0
100.0
54.9
53.7
53.6
54.8
45.1
46.3
46.4
45.2
24.5
24.0
23.7
23.5
15.5
14.9
14.6
14.7
9.0
9.1
9.1
8.8
75.5
76.0
76.3
76.5
23.9
24.4
24.6
24.4
33.4
33.2
33.3
33.3
6.1
6.0
6.0
6.1
12.1
12.4
12.5
12.6
xxxxxx
xxxxxx
xxxxxx
xxxxxx
1985-Q1...
-Q 2 ...
- Q 3 . ..
- Q 4 ...
100.0
100.0
100.0
100.0
55.5
54.2
54.3
56.3
44.5
45.8
45.7
43.7
23.2
22.7
22.6
22.7
14.6
14.1
14.1
14.5
8.6
8.6
8.5
8.2
76.8
77.3
77.4
77.3
24.3
24.9
25.3
25.0
33.2
32.4
318
31.6
6.1
6.0
6.1
6.3
13.3
14.0
14.3
14.4
1986-Q 1...
-Q2. . .
-Q3. . .
- Q 4 ...
100.0
100.0
100.0
100.0
56.9
56.0
56.0
57.3
43.1
44.0
44.0
42.7
22.7
22.7
22.6
22.7
14.6
14.4
14.4
14.8
8.1
8.3
8.3
8.0
77.3
77.3
77.4
77.3
24.9
25.4
25.9
26.0
31.2
30.1
29.4
28.9
6.4
6.2
6.4
6.5
14.9
15.6
15.7
15.8
1987-Q1...
100.0
58.3
41.7
22.7
15.0
7.7
77.3
26.0
28.3
6.6
16.4
i
xxxxxx
xxxxxx
xxxxxx
xxxxxx
t
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
27
TABLE 542 (CONTINUED)
FARM DEBT OUTSTANDING
TOTAL DEBT
END OF
QUARTER
TOTAL
542.3
REAL
ESTATE
NON-REAL-|
ESTATE
|
TOTAL
CHANGE FROM PREVIOUS YEAR,
REAL
ESTATE
ADDENDUM:
""“"REPORTING LENDING” "INSTITUTIONS
INDIVIDUALS AND "OTHER'S------NON-REALESTATE
TOTAL
INSURED COOPERATIVE LIFE
FARM
INSURANCE
COMMERCIAL
CREDIT
COMPANIES
BANKS
SYSTEM
CCC
FARMERS
"LOANS"
HOM
E
ADMINIS
TRATION 1
MI11I ONS OF DOLLARS
5805.
3803.
2230.
3662.
3116.
2586.
2400.
2640.
2690.
1217.
-170.
1022.
640.
37 0 .
109.
-265.
23 9 .
242.
286 .
321.
401 .
1 2 8.
-178.
-585.
5165.
3432.
2121.
3927.
32 6 2 ,
3220.
2605
3823.
1668.
257.
-375.
-66.
-345.
-325.
-179.
-85.
5 8 0.
280.
70.
254.
7979.
6175.
18 0 2 .
-4632.
1984-Q1. . .
- Q2. . .
- Q 3 . ..
*"Q4. . .
3088.
2452.
2367.
-1704.
2000.
1148.
425.
-972.
1088.
1304.
1642.
-732.
-1047 .
-1833.
-2587.
-3366.
-368 .
-1072.
-1750.
-2421.
-678.
-762.
-837 .
-945.
41 35.
4285
4654.
1662.
39 4 1 .
3817 .
3549.
1 4 42 .
-296.
-381 .
-150.
-1073.
-81 .
-81 .
-105.
-273.
57 0.
9 3 0.
1360 .
1566 .
-10278.
-9530.
-5733.
-1859.
1985-Q1. . .
-Q2. . .
- Q 3 ...
-Q4. . .
-4613.
-7288.
-11575.
-15836.
-1298.
-2860.
-4772.
-5955.
-3315.
-4428.
-6803.
-9881 .
-3839.
-4415.
-4916.
-5321.
-2486 .
-2574.
-2637.
-2699.
-1353.
-1841.
-2279.
-2622.
-774.
-2873.
-6659.
-10515.
-273.
-746.
-1497.
-2887.
-1989.
-4011.
-6809.
-8501.
-372.
-426 .
-583.
-608.
1860.
2310.
2230.
1481 .
1168.
2283.
3338.
7986 .
-17682.
1986-Q1. . .
-20884.
- Q 2 ,..
-Q3. . . 1 -2 0 7 0 9 .
-18994.
-Q4. . .
-7174.
-8223.
-8274.
-8834.
-10508.
-12661.
-12435.
-10110.
-4998.
-4840.
-4570.
-4181.
-2588.
-2500.
-2399.
-2287.
-2410.
-2340.
-2171.
-1894.
-12684.
-16043.
-16139.
-14813.
-3106,
-4296.
-4183.
-3028.
-9614.
-10936.
-10883.
-10537.
-554.
-822.
-633.
-853.
590.
10.
-440.
-395.
9807
9157
5951
1877
-20763.
-9590.
-11179.
-4651.
-2393.
-2258.
-16117.
-3459.
-11170.
-923.
-565.
*******
1983-Q1...
-Q2. . . I
-Q3. . .
-Q4. . .
1987-Q1. . .
1
542.4
PERCENTAGE CHANGE FROM PREVIOUS YEAR
1.3
.7
.2
-.5
.8
.8
.9
1.0
2.1
.6
-.9
-3.0
|
I
1
I
3.6
2.3
1.4
2.6
7.8
7.3
5.7
8.6
2.5
.4
-.5
-.1
-2.7
-2.5
-1.4
-.7
2.5
1.1
.3
1.1
71.8
62.5
17.3
-30.0
1.2
1.4
1.7
-.8
-2.0
-3.5
-4.9
-6.6
-1.1
-3.3
-5.4
-7.5
-3.5
-3.8
-4.2
-5.0
1
I
|
1
2.7
2.8
3.0
1.1
8.8
8.0
7.4
3.0
-.4
-.5
-.2
-1.6
-.6
-.6
-.8
-2.1
2.4
3.7
5.5
6.5
-53.9
-59.4
-47.0
-17.2
-1.2
-2.5
-4.2
-5.3
-3.6
-4.6
-7.0
-10.7
-7.6
-8.8
-9.9
-11.1
-7.8
-8.2
-8.6
-9.0
-7.3
-9.6
-11.9
-14.6
I
I
I
|
-.5
-1.8
-4.1
- 6 .7
-.6
-1.5
-2.9
-5.8
-2.9
-5.8
-9.7
-12.5
-3.0
-3.4
-4.6
-4.9
7.5
8.9
8.5
5.8
13.3
35.0
51.6
89.3
-8.8
-10.3
-10.4
-10.1
-6.5
-7.5
-7.7
-8.4
-11.8
-13.7
-13.7
-12.3
-10.8
-10.5
-10.2
-9.8
-8.9
-8.7
-8.6
-8.4
-14.1
-13.5
-12.9
-12.3
I
I
I
I
-8.2
-10.2
-10.5
-10.2
-6.4
-8.5
-8.3
-6.5
-14.5
-16.7
-17.2
-17.7
-4.6
-6.8
-5.3
-7.2
2.2
.0
-1.5
-1.5
98.3
104.0
60.7
11.1
-11.4
-9.2
-14 .2
-11.2
-9.0
-15.4
I
-11.4
-7.6
-19.6
-7,9
-2.1
XXXXXX
1983- Q l . . .
-Q2. . .
~ Q3 . . .
~Q4...
3.0
1.9
1.1
18
2.9
2.4
2.2
2.4
3.0
1.3
-.2
1.1
1984 Q l . . .
- Q 2 . ..
- Q 3 . ..
- Q 4 ...
1.5
1.2
1.0
-.8
1.8
1.0
.4
-.9
1985-Q1. . .
-Q2. . .
-Q 3 ...
- Q 4 ...
-2.3
-3.5
-5.5
-7.8
1986-Q1...
-Q2. . .
-Q3. . .
- Q 4 ...
1 9 8 7 -Q 1 ...
1
.
.
.
.
TABLE 542 (CONTINUED)
FARM DEBT OUTSTANDING
END OF
QUARTER
TOTAL
542.5
REAL
ESTATE
REPORTING LENDING INSTITUTIONS
INDIVIDUALS AND OTHERS
TOTAL DEBT
NON-REALESTATE
TOTAL
REAL
ESTATE
NON-REALESTATE
TOTAL
LIFE
INSURED COOPERATIVE
FARM
INSURANCE
COMMERCIAL
CREDIT
COMPANIES
BANKS
SYSTEM_________________
1ADDENDUM:
1
FARMERS 1
CCC
HOM
E
1 "LOANS"
ADMINIS 1
TRATION 1
CHANGE DURING QUARTER, MILLIONS OF DOLLARS
1983-QI...
-Q 2.. .
-Q 3.. .
-Q 4.. .
-66.
5688.
885.
-2844.
382.
1220.
739.
298.
-449.
4468.
145.
-3142.
-295.
997.
133.
-1100.
85.
208.
97.
-69.
-380.
789.
36.
-1030.
229.
4691.
751.
-1744.
377.
2555.
714.
177.
-272.
1224.
123.
-1140.
-172.
12.
85.
-10.
29 6.
9 0 0.
-170.
-772.
3651.
-3029.
-3848.
-1406.
1984-Q1.. .
-Q 2 ...
-Q3. . .
-Q 4.. .
-640.
5052.
500.
-6615.
-257.
368.
17.
-1099.
-383.
4684.
483.
-5516.
-1077.
211.
-621.
-1878.
-604.
-495.
-581.
-740.
-474.
706.
-39.
-1138.
437.
4841.
1121.
-4737.
495.
2431.
446.
-1930.
-502.
11 39.
354.
-2063.
-168.
11.
61.
-178.
612.
1260.
26 0 .
-566 .
-1995.
-2280.
-51.
2468.
1985-Q1. . .
“ Q2 . . .
-Q3. . .
-Q 4.. .
-3549.
2376.
-3787.
-10876.
-584.
-1194.
-1895.
-2282.
-2966.
3570.
-1891.
-8594.
-1550.
-366.
-1121.
-2284.
-669.
-584.
-644.
-803.
-882.
218.
-477.
-1481.
-1999.
2742.
-2665.
-8593.
-1220.
1958.
-305.
-3320.
-1418.
-884.
-2444.
-3755.
-267.
-43.
-96.
-203.
90 6.
1710.
180.
-1315.
10 32 .
-1165.
1 0 04 .
7116.
1986-Q1.. .
-Q 2.. .
- Q 3 . ..
~Q4. . .
-5395.
-826.
-3612.
-9161.
-1802.
-2243.
-1946.
-2892.
-3593.
1418.
-1665.
-6269.
-1227.
-208.
-851.
-1895.
-557.
-496.
-543.
-691.
-670.
288.
-308.
-1204.
-4168.
-618.
-2761.
-7267.
-1439.
768.
-192.
-2165.
-2531.
-2206.
-2391.
-3409.
-213.
-310.
92.
-423.
15.
11 30 .
-270.
-1270.
28 52.
-1815.
-2202.
3042.
1987-Q1...
-7170.
-2508.
-4662.
-1698.
-664.
-1034.
-5472.
-1870.
-3164.
-283.
-155.
XXXXXXX
542.6
PERCENTAGE CHANGE DURING QUARTER
1983-QI. , .
-Q 2.. .
“ Q3 . . .
-Q 4 ...
-.0
2.8
.4
-1.4
.3
1.1
.7
.3
-.5
4.9
.2
-3.3
-.6
1.9
.3
-2.1
.3
.6
.3
-.2
-1.9
4.1
.2
-5.2
.2
3.1
.5
-1.1
.8
5.7
1.5
.4
-.4
1.8
.2
-1.6
-1.3
.1
.7
-.1
1.2
3.7
-.7
-3.1
23.7
-15.9
-24.0
-11.5
1984-Q1...
-Q 2 ...
-Q3. . .
~Q4...
-.3
2.5
.2
-3.1
-.2
.3
.0
-1.0
-.4
5.1
.5
-5.7
-2.1
.4
-1.2
-3.8
-1.9
-1.6
-1.9
-2.4
-2.5
3.8
-.2
-5.9
.3
3.1
.7
-3.0
1.0
5.0
.9
-3.7
-.7
1.7
.5
-2.9
-1.3
.1
.5
-1.4
2.5
5.1
1.0
-2.2
-18.5
-25.9
-.8
38.1
1985-Q l . ..
-Q2...1
~ Q3. . .
~Q4...
-17
1.2
-1.9
-5.5
-.5
-1.1
-1.7
-2.1
-3.2
4.0
-2.0
-9.5
-3.2
-.8
-2.4
-5.1
-2.2
-2.0
-2.2
-2.9
-4.9
1.3
-2.8
-8.8
-1.3
1.8
-1.7
-5.6
-2.5
4.0
-.6
-6.6
-2.1
-1.3
-3.7
-5.9
-2.1
-.3
-.8
-1.7
3.5
6.4
-4.6
11.5
-11.7
11.4
72.5
1986-Q1. . .
-Q2. . .
-Q3. . .
-Q 4 ...
-2.9
-.5
-2.0
-5.1
-1.7
-2.2
-1.9
-2.9
-4.4
1.8
-2.1
-8.0
-2.9
-.5
-2.1
-4.7
-2.0
-1.9
-2.1
-2.7
-4.4
2.0
-2.1
-8.2
-2.9
-.4
-2.0
-5.3
-3.1
1.7
-.4
-4.7
-4.3
-3.9
-4.4
-6.5
-1.8
-2.7
.8
-3.7
.1
4.2
-1.0
-4.5
16.8
-9.2
-12.3
19.3
1987-Q1. . .
-4.2
-2.6
-6.5
-4.4
-2.7
-7.7
-4.2
-4.3
-6.5
-2.6
- .6
.6
xxxxxx
29
30
TABLE 551
FARM DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS (INCLUDING FARM HOUSEHOLDS)
NON- REAL-ESTATE DEBT
REAL ESTATE DEBT
END OF
QUARTER
TOTAL
551.1
1978-.. . . .
1 9 7 9 - ..........
1 9 8 0 -....
1 9 8 1 - ..........
1 9 8 2 - ______
1 9 8 3 - ..........
1 9 8 9 - ..........
1 9 8 5 - ..........
1 9 8 6 - ..........
97502.
116519.
129261.
193911.
150207.
159135.
155795.
195281.
130968.
551.2
1 9 7 8 - .......... [ x x x x x x
xxxxxx
1 9 7 9 - ..........
xxxxxx
1 9 8 0 - ..........
xxxxxx
1 9 8 1 - ..........
xxxxxx
1 9 8 2 - ..........
xxxxxx
1 9 8 3 - ..........
xxxxxx
1 9 8 9 -.....
xxxxxx
1 9 8 5 - ..........
xxxxxx
1 9 8 6 - ..........
551.3
1 9 7 8 - ..........
1 9 7 9 - ..........
1 9 8 0 - ..........
1 9 8 1 - ..........
1 9 8 2 - ..........
1 9 8 3 - ..........
1 9 8 9 - ..........
1 9 8 5 - ..........
1 9 8 6 - ..........
12636.
19012.
12797.
19150.
6796.
3928.
1660.
-10519.
-19813.
551.9
1 9 7 8 - ..........
1 9 7 9 - ..........
1 9 8 0 - ..........
1 9 8 1 - ..........
1 9 8 2 - ..........
1 9 8 3 - ..........
1 9 8 9 - ..........
1 9 8 5 - ..........
1 9 8 6 - ..........
INSURED
COMMERCIAL
BANKS
TOTAL
19.9
19.5
10.9
10.9
9.7
2.6
1.1
-6.7
-10.2
AMOUNT,
END OF YEAR,
97972.
57719.
65902.
73986.
77977.
80297.
81795.
78990.
71893.
8557.
8623.
8563.
8392.
8392.
9317.
10186 .
11385.
12 690.
FEDERAL
LAND
BANKS
LIFE
INSURANCE
COMPANIES
17.8
19.9
13.1
11.3
10.8
11.6
12.5
19.5
17.7
CHANGE DURING YEAR,
5899.
9797.
7683.
8589.
3991.
2320.
1998.
-3255.
-6597.
777.
66.
-60.
-221.
50.
925.
869.
1199.
1305.
TOTAL
FEDERAL Fa rmers INJURED PRODUCTION
INTERMEDI
HOM
E
CREDIT
COMMERCIAL
ATE CREDIT a d m i n i s
ASSOCIA
BANKS
BANKS
tration
TIONS
CCC
"LOANS"
MILLIONS OF DOLLARS
29816.
29820.
36196.
93825.
97699.
98811.
99103.
99895.
37870.
99530.
58795.
63859.
69925.
72230.
73838.
79050.
‘ 66791.
58575.
28273.
31039.
31 569.
32 858.
36128.
39026.
39599.
35513.
31180.
19967.
18113.
19729.
21203.
20972.
19315.
17925.
19020.
10720.
509.
665.
810.
913.
871.
850.
875.
537.
275.
5780.
8982.
11756.
19952.
19759.
19696.
15 6 5 1 .
16721.
16900.
8.6
12.3
11.8
11.8
11.7
11.8
12.2
13.3
19.9
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
57.1
52.8
99.9
97.3
50.0
52.9
53.5
53.2
53.2
30.2
30.8
30.9
30.5
28.3
26.2
29.2
21.0
18.3
1.0
1.1
1.3
1.3
1.2
1.2
1.2
.8
.5
11.7
15.3
18.9
20.8
20.9
19.8
21.1
25.0
28.0
1659.
1687.
763.
196.
-272.
-85.
-273.
-608.
-853.
139.
2990.
609.
1029.
391.
367.
561.
911.
-79.
6787.
9265.
5069.
5566.
2805.
1608.
212.
-7259.
-8216.
2569.
2761.
530.
12 99.
3270.
2898.
573.
-9086.
-9333.
1998.
3196.
1616.
1979.
-731.
-1157.
-1390.
-3905.
-3300.
13 5 .
1 5 6.
1 9 5.
1 0 3.
-92.
-21.
25.
-338.
-262.
18.8
16.1
6.3
1.1
-2.1
-.7
-2.1
-9.9
-7.2
3.5
72.6
8.5
13.3
3.9
9.0
5.9
9.1
-.7
15.9
18.7
8.6
8.7
9.0
2.2
.3
-9.8
-12.3
10.0
9.8
1.7
9.1
10.0
8.0
1.5
-10.3
-12.2
10.7
21.0
8.9
7.5
-3.9
-5.6
-7.2
-21.8
-23.5
10 978.
12 165.
12 928.
13079.
12802.
12 717.
12999.
11 836.
10983.
PERCENTAGE OF TOTAL SPECIFIED DEBT,
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
FARMERS
HOME
ADMINIS
TRATION
ADDENDUM*
51.7
51.7
55.3
59.2
61.2
60.8
60.1
57.1
52.7
9121.
7111.
7715.
8799.
9085.
9952.
10 013.
10929.
10350.
56 6 6 .
50 7 0 .
9978.
8011.
1 5 93 3.
10 8 0 1 .
8992.
16 9 2 8 .
18 8 0 5 .
END OF YEAR
21.8
21.1
19.8
17.7
16.9
15.8
15.2
15.1
15.3
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
xxxxxx
MILLIONS OF DOLLARS
3275.
5009.
6376.
7629.
38 79.
1112.
292.
-9258.
-6975.
2639.
32 0 2 .
2779.
26 96.
307.
-113.
1005.
1070.
-321.
1126.
-596.
-92.
3033.
7922.
-9632.
-1859.
7986.
18 77.
89.0
55.9
30.9
22.9
2.1
-.8
6.9
6.8
-1.9
29.8
-10.5
-1.8
60.9
92.6
-30.0
-17.2
89.3
11.1
PERCENTAGE CHANGE DURING YEAR
13.9
20.3
13.3
13.1
5.9
3.0
1.8
-9.0
-8.9
10.0
.8
-.7
-2.6
.6
11.0
9.3
11.8
11.5
15.2
20.2
21.9
21.1
8.8
2.3
.6
-8.7
-15.6
36.1
30.6
21.8
12.7
-9.6
-2.9
2.9
-38.6
-98.8
TABLE 552
FARM DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS
REAL ESTATE DEBT
END OF
QUARTER
TOTAL
INSURED
COMMERCIAL
BANKS
TOTAL
552.1
AMOUNT,
FEDERAL
LAND
BANKS
LIFE
INSURANCE
COMPANIES
------------------1
i
i
FARMERS I
1
HOM
E
I
1
ADMINIS-I 1
TRATION 1
NON- REAL-ESTATE DEBT
TOTAL
ADDENDUM:
INSURED PRODUCTION
FEDERAL
FARMERS
CREDIT
COMMERCIAL
INTERMEDI
HOM
E
BANKS
ASSOCIA
ATE CREDIT ADMINIS
TIONS
BANKS
TRATION
CCC
"LOANS"
END OF QUARTER , MILLIONS OF DOLLARS
1983-Q1. . .
-Q2. . .
-Q 3.. .
-Q 4.. .
150436.
155127.
155878.
154134.
78275.
79288.
79930.
80297.
8481.
8878.
9091.
9317.
47994.
48427.
48742.
48811.
12 630.
12642.
12727.
12717.
9170.
9340.
9370.
9452.
72161.
75840.
75949.
73837.
36416.
38 574.
39 075.
39026.
19 939.
20703.
20458.
19 315.
836.
863.
916.
850.
14970.
15 7 0 0 .
15500.
14646.
19 0 8 4 .
16 0 5 5 .
12 2 0 7 .
10 8 0 1 .
1984-Q1. . .
- Q2. . .
~Q3. . .
-Q 4 ...
154571.
159412.
160533.
155796.
80644.
81507.
82105.
81746.
9660.
10010.
10193.
10186.
48834.
49116.
49340.
49103.
12549.
12561.
12622.
12444.
9600.
9820.
9950.
10013.
73928.
77905.
78428.
74050.
39178.
41259.
41522.
39599.
18862.
19643.
19696.
17925.
777.
853.
930.
875.
15110.
16150.
16 2 8 0 .
15 6 5 1 .
8806.
6525.
6474.
8942.
1985-Q1.. .
~Q2. . .
-Q3. . .
-Q4, . .
153797.
156539.
153874.
145281.
81831.
81221.
79969.
78490.
10343.
10643.
11071.
11385.
49050.
48113.
46460.
44845.
12 177.
12135.
12039.
11836.
10260.
10 3 3 0 .
10400.
10424.
71966.
75318.
73904.
66791.
38 222.
39880.
39147.
35 513.
16673.
16 762.
15 998.
14 020.
761.
726.
699.
537.
16 3 1 0 .
17 9 5 0 .
18060.
16 7 2 1 .
99 7 3 .
8808.
9812.
16 9 2 8 .
1986-Q1.. .
-Q2. . .
-Q 3 ...
-Q 4 ...
141113.
140495.
137735.
130468.
77245.
75498.
74094.
71893.
11695.
12093.
12415.
12690.
43597.
41642.
39854.
37870.
11 623.
11 313.
11 406.
10983.
10330.
10450.
10420.
10350.
63868.
64998.
63640.
58575.
33 764.
34 134.
33620.
31180.
12799.
12 655.
12 088.
10 720.
475.
368.
332.
275.
16830.
17840.
17600.
16 4 0 0 .
1 9 78 0.
17966.
15763.
18 8 0 5 .
1987-Q1. . .
124996.
70049.
13200.
35884.
10700.
10265.
54947.
28800.
9610.
207.
16330.
xxxxxxx
552.2
PERCENTAGE OF TOTAL SPECIFIED DEBT,
END OF QUARTER
1983-Q1...
-Q 2.. .
-Q3.. .
-Q4. . .
XXXXXX
xxxxxx
xxxxxx
xxxxxx
100.0
100.0
100.0
100.0
10.8
11.2
11.4
11.6
61.3
61.1
61.0
60.8
16.1
15.9
15.9
15.8
11.7
11.8
11.7
11.8
100.0
100.0
100.0
100.0
50.5
50.9
51.4
52.9
27.6
27.3
26.9
26.2
1.2
1.1
1.2
1.2
20.7
20.7
20.4
19.8
xxxxxx
xxxxxx
xxxxxx
xxxxxx
1984-Q1.. .
-Q2. . .
-Q3. . .
-Q 4 ...
xxxxxx
xxxxxx
xxxxxx
xxxxxx
100.0
100.0
100.0
100.0
12.0
12.3
12.4
12.5
60.6
60.3
60.1
60.1
15.6
15.4
15.4
15.2
11.9
12.0
12.1
12.2
100.0
100.0
100.0
100.0
53.0
53.0
52.9
53.5
25.5
25.2
25.1
24.2
1.1
1.1
1.2
1.2
20.4
20.7
20.8
21.1
xxxxxx
xxxxxx
xxxxxx
xxxxxx
1985-Q1. . .
-Q2. . .
-Q3. , .
” Q4. . .
xxxxxx
xxxxxx
xxxxxx
xxxxxx
100.0
100.0
100.0
100.0
12.6
13.1
13.8
14.5
59.9
59.2
58.1
57 . i
14.9
14.9
15.1
15.1
12.5
12.7
13.0
13.3
100.0
100.0
100.0
100.0
53.1
52.9
53.0
53.2
23.2
22.3
21.6
21.0
1.1
1.0
.9
.8
22.7
23.8
24.4
25.0
xxxxxx
xxxxxx
xxxxxx
xxxxxx
1986-Q1. . .
-Q2. . .
-Q3. . .
- Q 4 . ..
xxxxxx
xxxxxx
xxxxxx
xxxxxx
100.0
100.0
100.0
100.0
15.1
16.0
16.8
17.7
56.4
55.2
53.8
52.7
15,0
15.0
15.4
15.3
13.4
13.8
14.1
14.4
100.0
100.0
100.0
100.0
52.9
52.5
52.8
53.2
20 .0
19.5
19.0
18.3
.7
.6
.5
.5
26.4
27.4
27 .7
28.0
xxxxxx
xxxxxx
xxxxxx
xxxxxx
1987-Q1...
xxxxxx
100.0
18.8
51.2
15.3
14.7
100.0
52.4
17.5
.4
29.7
xxxxxx
31
32
TABLE 552 (CONTINUED)
FARM DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS
END OF
QUARTER
TOTAL
TOTAL
552.3
INSURED
COMMERCIAL
BANKS
FEDERAL
LAND
BANKS
CHANGE FROM PREVIOUS YEAR,
ADDENDUM:
, NON- REAL-ESTATE DEBT
REAL ESTATE DEBT
LIFE
INSURANCE
COMPANIES
FARMERS
HOM
E
ADMINIS
TRATION
TOTAL
FEDERAL
FARMERS
INSURED PRODUCTION
INTERMEDI
HOM
E
COMMERCIAL CREDIT
ASSOCIA
ATE CREDIT ADMINIS
BANKS
BANKS
TIONS
TRATION
CCC
"LOANS'*
MILLIONS OF DOLLARS
1983-Q1. . .
- Q2. . .
- Q 3 . ..
-Q9. . .
5165.
3932.
2121.
3927 .
2877 .
2399.
2119.
2319.
125.
398.
590.
925.
2716.
1861 .
1953.
1112.
-395.
-325.
-179.
-85.
3 8 0.
910.
3 0 0.
367 .
2289.
10 8 8 .
7.
1608.
3137.
2822.
2065.
28 98.
-1018.
-1529.
-1786.
-1157 .
-31 .
-75.
-91.
-21 .
200.
-130.
-230.
-113.
7979.
6175.
18 0 2 .
-9632.
1989-Q1. . .
"Q2. . .
- Q 3 . ..
- Q9. . .
9135.
9285.
9659.
1662.
2368.
2219.
2175.
1999.
11 7 9 .
1132.
1102.
869.
890.
689 .
598.
292.
- 81 .
-81 .
-105.
-273.
930.
980.
58 0 .
561 .
1767 .
2066 .
2979.
213.
2762.
2685.
2997 .
573.
-1076.
-1060 .
-763.
-1390.
-59.
-10.
15.
25.
19 0.
950 .
780.
1 0 05 .
-10278.
-9530.
-5733.
-1859.
1985-Q1. . .
- Q2. . .
-Q3. . .
-Q9. . .
-779.
-2873.
-6659.
-10515.
1187 .
-286 .
-2135.
-3256.
683.
633.
878.
1199.
216.
-1003.
-2880.
-9258.
-372.
-926 .
-583.
-608.
660.
510.
950.
911 .
-1961.
-2587.
-9529.
-7259.
-956 .
-1379.
-2375.
-9086.
-2189.
-2881.
-3698.
-3905.
-16 .
-127 .
-231 .
-338.
1200 .
1 8 00 .
1780 .
10 70 .
1168 .
2283.
3338.
7986.
1986-Q1. . .
- Q2. . .
-Q3. . .
- Q9. . . i
-12689.
-16093.
-16139.
-19813.
-9586 .
-5723.
-5875.
-6597.
1352.
1950.
1399.
13 0 5 .
-5959.
-6971.
-6606.
-6975.
-559.
-822.
-633.
-853.
70.
12 0.
20.
-79.
-8098.
-10321.
-10269.
-8216.
-9958.
-5796.
-5527.
-9333.
-3879.
-9107.
-3910.
-3300.
-286.
-358.
-367 .
-262.
5 2 0.
-110.
-960.
-321 .
9807.
9157 .
5951 .
1877 .
1987-Q1.. .
-16117 .
-7196.
1505.
-7713.
-923.
-65.
-8921.
-9969.
-3188.
-268.
-500.
x*xxxxx
i
552.9
PERCENTAGE CHANGE FROM PREVIOUS YEAR
1983-Q1. . .
- Q 2 . ..
- Q 3 . ..
-Q9. . .
3.6
2.3
1.9
2.6
3.8
3.0
2.7
3.0
1.5
9.7
6.3
11.0
6.0
9.0
3.1
2.3
-2.7
-2.5
-1.9
-.7
9.3
9.6
3.3
9.0
1
1
1
I
3.3
1.5
.0
2.2
9.9
7.9
5.6
8.0
-9.9
-6.9
-8.0
-5.6
-3.6
-8.0
-9.3
-2.9
1.9
-.8
-1.5
-.8
71.8
62.5
17.3
-30.0
1989-Q1.. .
-Q2. . .
- Q 3 . ..
-Q9. . .
2.7
2.8
3.0
1.1
3.0
2.8
2.7
1.8
13.9
12.8
12.1
9.3
1.7
1.9
1.2
.6
-.6
-.6
-.8
-2.1
9.7
5.1
6.2
5.9
1
1
I
1
2.9
2.7
3.3
.3
7.6
7.0
6.3
1.5
-5.9
-5.1
-3.7
-7.2
-7.1
-1.1
1.6
2.9
.9
2.9
5.0
6.9
-53.9
-59.9
-97.0
-17.2
1985-Q1...
*~Q2. . .
- Q 3 ...
-Q9.. .
-.5
-1.8
-9.1
-6.7
1.5
-.9
-2.6
-9.0
7.1
6.3
8.6
11.8
.9
-2.0
-5.8
-8.7
-3.0
-3.9
-9.6
-9.9
6.9
5.2
9.5
9.1
1
I
I
I
“ 2.7
-3.3
-5.8
-9.8
-2.9
-3.3
-5.7
-10.3
-11.6
-19.7
-18.8
-21.8
-2.1
-19.9
-29.8
-38.6
7.9
11.1
10.9
6.8
13.3
35.0
51.6
89.3
I
I
I
|
-8.2
-10.2
-10.5
-10.2
-5.6
-7.0
-7.3
-8.9
13.1
13.6
12.1
11.5
-11.1
-13.9
-19.2
-15.6
-9.6
-6.8
-5.3
-7.2
.7
1.2
.2
-.7
I
I
I
I
-11.3
-13.7
-13.9
-12.3
-11.7
-19.9
-19.1
-12.2
-23.2
-29.5
-29.9
-23.5
-37.5
-99.3
-52.5
-98.8
3.2
-.6
-2.5
-1.9
98.3
109.0
60.7
11.1
1987-Q1... 1
-11.4
-9.3
12.9
-17.7
-7.9
-.6
I
-19.0
-19.7
-29.9
-56.9
-3.0
XXXXXX
1986-Q1...
-Q2. . .
-Q3. . .
- Q 9 . ..
j
!
I
J__________ 1
TABLE 552 (CONTINUED)
FARM DEBT OUTSTANDING AT REPORTING LENDING INSTITUTIONS
NON- REAL-ESTATE: DEBT
REAL ESTATE DEBT
END OF
QUARTER
TOTAL
TOTAL
552.5
INSURED
COMMERCIAL
BANKS
FEDERAL
LAND
BANKS
LIFE
INSURANCE
COMPANIES
FARMERS |
HOM
E
|
ADMINIS
TRATION
TOTAL
ADDENDUM:
FEDERAL
INSURED PRODUCTION
FARMERS
INTERMEDI
HOM
E
COMMERCIAL CREDIT
ATE CREDIT ADMINIS
ASSOCIA
BANKS
BANKS
TIONS
TRATION
CCC
"LOANS"
CHANGE DURING QUARTER, MILLIONS OF DOLLARS
1983-Q1...
- Q 2 . ..
-Q3. . .
-Q4. . .
229.
4691.
751,
-1744.
297.
1012.
642.
367.
89.
397.
213.
226.
295.
433.
314.
69.
-172.
12 .
85.
-10.
85.
17 0 .
30.
82.
-69.
3679.
1 0 9.
-2112.
288.
2158.
501.
-49.
-533.
764.
-244.
-1143.
-35.
27 .
53 .
-66.
211.
730.
-200.
-854.
3651 .
-3029.
-3848.
-1406.
1984-Q1...
- Q 2 . ..
-Q3. . .
-Q4. . .
437.
4841.
1121.
-4737.
347.
863.
598.
-359.
343.
350.
183.
-7.
23.
282.
224.
-237.
-168.
11.
61.
-178.
148.
22 0 .
13 0 .
63.
91.
3978.
523.
-4378.
152.
2081.
263.
-1923.
-453.
781.
53.
-1771.
-73.
76.
77 .
-55.
46 4 .
10 40 .
1 3 0.
-629.
-1995.
-2280.
-51.
2468.
1985-Q1...
- Q 2 ...
-Q 3 ...
-Q4. . .
-1999.
2742.
-2665.
-8593.
85.
-610.
-1251.
-1479,
157 ,
300.
428.
314.
-53.
-938.
-1653.
-1615.
-267.
-43.
-96.
-203.
247.
70.
70.
24.
-2084.
3352.
-1414.
-7113.
-1377.
16 5 8 .
-733.
-3634.
-1252.
89.
-764.
-1978,
-114.
-35.
-27.
-162.
659.
1 6 40 .
110.
-1339,
1032 .
-1165.
1 0 04 .
7116 .
1986-Q1. . .
-Q 2 ...
-Q 3 ...
- Q 4 ...
-4168.
-618.
-2761.
-7267,
-1245.
-1747.
-1403.
-2201.
310.
398.
322.
275.
-1248.
-1955.
-1788.
-1984.
-213.
-310.
92.
-423.
-94.
12 0.
-30.
-70.
-2923.
1129.
-1357.
-5065.
-1749.
370.
-514.
-2440.
-1221.
-144.
-567 .
-1368.
-62.
-107.
-36 .
-57.
109.
10 10 .
-240.
-1200.
28 52 .
-1815.
-2202.
30 42 .
1 9 8 7 -Q i...
-5472.
-1844.
510.
-1986.
-283.
-85.
-3628.
-2380.
-1110.
-68.
-70.
x x xx kx x
552.6
PERCENTAGE CHANGE DURING QUARTER
1
1
1983-Q1...
-Q 2 ...
- Q 3 ...
-Q4. . .
,2
3.1
.5
-1.1
.4
1.3
.8
.5
1.1
4.7
2.4
2.5
.6
.9
.6
.1
-1.3
.1
.7
-.1
.9
1.9
.3
.9
-.1
5.1
.1
-2.8
.8
5.9
1.3
-.1
-2.6
3.8
-1.2
-5.6
-4.0
3.2
6.1
-7.2
1.4
4.9
-1.3
-5.5
19S4-Q1...
- Q 2 . ..
- Q 3 ...
-Q4. . .
.3
3.1
.7
-3.0
.4
1.1
.7
-.4
3.7
3.6
1.8
-.1
.0
.6
.5
-.5
-1.3
.1
.5
-1.4
1.6
2.3
1.3
.6
.1
5.4
.7
-5.6
.4
5.3
.6
-4.6
-2.3
4.1
.3
-9.0
-8.6
9.8
9.0
-5.9
3.2
6.9
.8
-3.9
-18.5
-25.9
-.8
38.1
1985-Q1...
- Q 2 . ..
- Q 3 ...
-Q 4 ...
-1.3
1.8
-1.7
-5.6
.1
-.7
-1.5
-1.8
1.5
2.9
4.0
2.8
-.1
-1.9
-3.4
-3.5
-2.1
-.3
-.8
-1.7
2.5
.7
.7
.2
-2.8
4.7
-1.9
-9.6
-3.5
4.3
-1.8
-9.3
-7.0
.5
-4.6
-12.4
-13.0
-4.6
-3.7
-23.2
4.2
10.1
.6
-7.4
11.5
-11.7
11.4
72.5
1986-Q1...
- Q 2 . ..
- Q 3 . ..
- Q 4 . ..
-2.9
-.4
-2.0
-5.3
-1.6
-2.3
-1.9
-3.0
2.7
3.4
2.7
2.2
-2.8
-4.5
-4.3
-5.0
-1.8
-2.7
.8
-3.7
-.9
1.2
-.3
-.7
-4.4
1.8
-2.1
-8.0
-4.9
1.1
-1.5
-7.3
-8.7
-1.1
-4.5
-11.3
-11.5
-22.5
-9.9
-17.2
.7
6.0
-1.3
-6.8
16.8
-9.2
-12.3
19.3
1987-QI. . .
-4.2
-2.6
4.0
-5.2
-2.6
-.8
-6.2
-7.6
-10.4
-24.7
-.4
xxxxxx
23.7
-15.9
-24.0
-11.5
33
34
AMOUNT AND CHARACTERISTICS OF FARM LOANS MADE BY COMMERCIAL BANKS
Estimates from the quarterly survey of non-real-estate farm loans
621
622
623
624
625
626
Amount..............................................
Number..............................................
Average size......................
Average maturity.....................................
Average effective interest rate.............
Percentage of loans with a floating interest rate....
35
36
37
38
39
40
Data on loans made by commercial banks are from quarterly sample surveys conducted by the Federal
Reserve System. During the first full week of the second month of each quarter, 348 banks report
detailed information on each loan made, and these data are expanded to national estimates for all
insured commercial banks. Typically, about 180 banks report at least one loan, and the total
number of loans reported each quarter now averages about 2,000. Thus, the sample represents
about 0.3 percent of the estimated total number of loans made by all banks, and the national
estimates exhibit variability due to sampling error. Sampling variability is particularly evident
in data on average maturity, which are greatly affected by the occasional appearance of loans
with a maturity of about 20 years. Additional information on survey coverage and procedures is
provided in "Survey of Terms of Bank Lending," Federal Reserve Bulletin, May 1977, and in "New
Survey of Terms of Bank Lending to Farmers," Agricultural Finance Review, May 1978.
More detailed results results from each quarterly survey are published in Table 5 of Statistical
Release E.2, "Survey of Terms of Bank Lending," for which a mailing list is maintained by
Publications Services, Mail Stop 138, Federal Reserve Board, Washington, D.C. 20551. Starting
with the August 1986 survey, farm loans secured by real estate are included in the data shown in
Statistical Release E.2, whereas such loans are excluded from the tabulations presented here.
ESTIMATES FROM THE QUARTERLY SAMPLE SURVEY OF BANK NON-REAL-ESTATE LOANS TO FARMERS
TABLE 621
AMOUNT OF LOANS MADE (BILLIONS OF DOLLARS)*
PURPOSE OF LOAN
PERIOD
ALL LOANS
FEEDER
LIVESTOCK
621.1
OTHER
LIVESTOCK
OTHER
CURRENT
OPERATING
EXPENSES
SIZE OF LOAN
(THOUSANDS OF DOLLARS)
FARM
MACHINERY
AND
EQUIPMENT
OTHER
1 TO
9
10 TO
24
25 TO
99
SIZE OF BANK
100
AND
OVER
LARGE
OTHER
ANNUAL AMOUNT OF LOANS MADE
1977 ..................
1 9 7 8 ..................
1 9 7 9 ..................
43.
47 .
53.
9.
13.
17 .
5.
4.
5.
16 .
17.
19.
4.
4.
4.
8.
8.
8.
9.
8.
9.
9.
9.
8.
13.
14.
17 .
13.
16.
18 .
11 .
12.
11 .
32.
34.
42.
1 9 8 0 ..................
1 9 8 1 ..................
1 9 8 2 ............... .
1 9 8 3 ..................
1 9 8 4 ..................
1 9 8 5 ..................
1986 ..................
60.
61 .
66 .
67.
61 .
52.
48.
16.
13 .
14 .
12.
11.
9.
10.
5.
4.
4.
6.
6.
5.
5.
24.
27.
28.
31.
27 .
23.
23.
5.
5.
5.
6.
4.
4.
2.
10.
11.
13.
12 .
12.
11.
8.
8.
8.
8.
8.
9.
7.
* 6.
10.
9.
10.
9.
8.
7.
7.
18 .
18.
18.
18.
18.
13 .
13 .
24.
25.
30.
32.
26 .
24.
22.
12.
13.
22 .
19.
16.
15.
13.
48.
48 .
44.
49.
45.
37.
36.
621.2
1
I
1
AMOUNT OF LOANS MADE DURING FIRST FULL WEEK OF SECOND MONTH OF QUARTER (SEASONALLY-■ADJUSTED ANNUAL 1
RATE)
1 9 8 1 - Q 2 ..........
- Q 3 ..........
- Q 4 ..........
66.
58.
62.
16 .
17.
9.
5.
4.
4.
30.
26.
27.
6.
5.
4.
9.
6.
19.
9.
8.
8.
11.
9.
9.
19.
17 .
17 .
25.
24.
29.
12.
15.
15.
56 .
42.
47 .
1 9 8 2 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
67.
56.
77 .
68.
13.
10.
15 .
15.
4.
4.
5.
5.
30.
25.
30.
28.
6.
5.
3.
6.
12.
12.
21 .
12.
8.
8.
8.
8.
9.
10.
10 .
10 .
19 .
17.
19.
19.
32 .
20.
43.
31.
21 .
17 .
27.
22.
44.
41 .
49.
46.
1 9 8 3 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
63.
76 .
52.
74.
10.
11 .
13.
13.
6.
4.
4.
10.
29.
37.
26.
32.
4.
8.
4.
7.
13.
15.
6.
10.
9.
9.
8.
7.
10.
9.
9.
8.
16.
19 .
18.
17.
29.
37.
18 .
44.
11.
30.
14.
20 .
51.
49.
38 .
54.
1 9 8 4 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
71.
60.
60.
53.
17.
11 .
7.
8.
6.
5.
9.
7.
31.
27.
26.
20.
5.
4.
5.
4.
11.
12 .
14.
12 .
9.
9.
9.
9.
9.
8.
7.
8.
21.
16.
17 .
17.
32.
26.
27.
21.
20.
16.
15.
12.
50.
45.
44.
41.
1 9 8 5 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
54.
56.
50.
48.
8.
13.
7.
7.
4.
7.
6.
4.
22.
22.
23.
23.
6.
5.
4.
4.
14 .
10 .
11 .
11 .
7.
8.
7.
7.
7.
9.
7.
7.
16.
14 .
12.
12 .
24.
24.
26.
23.
13.
17.
14.
16.
41 .
40.
37 .
32.
1 9 8 6 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
49.
51 .
46 .
48.
9.
9.
14.
11.
7.
5.
3.
3.
21 .
25.
21.
26 .
3.
3.
3.
1.
8.
10.
7.
6.
6.
6.
7.
5.
6.
7.
8.
6.
12.
13.
15.
13 .
24.
24.
15.
24.
13.
12.
11.
13.
35 .
39.
34.
35.
1 9 8 7 - Q 1 ..........
- Q 2 ..........
47.
38.
8.
10.
4.
3.
25 .
19.
2.
2.
8.
5.
6.
6.
7.
7.
11 .
11.
23.
15.
16 .
11 .
30.
27 .
i
* LOANS UNDER $ 1 , 0 0 0 ARE NOT INCLUDED IN THE SURVEY.
MOST "LARGE" BANKS (SURVEY STRATA 1 TO 3)
NOW HAVE ASSETS OVER $500 MILLION,
AND MOST "OTHER" BANKS HAVE LOWER TOTAL ASSETS.
36
ESTIMATES FROM THE QUARTERLY SAMPLE SURVEY OF BANK NON-REAL-ESTATE LOANS TO FARMERS
TABLE 622
NUMBER OF LOANS MADE (THOUSANDS)*
PURPOSE OF LOAN
PERIOD
ALL LOANS
FEEDER
LIVESTOCK
622.1
OTHER
LIVESTOCK
OTHER
CURRENT
OPERATING
EXPENSES
FARM
MACHINERY
AND
EQUIPMENT
SIZE OF LOAN
(THOUSANDS OF DOLLARS)________
100
AND
25 TO
1 TO
10 TO
OVER
99
9
24
OTHER
SIZE OF BANK
LARGE
OTHER
ANNUAL NUMBER OF LOANS MADE
1977 ..................
1 9 7 8 . .............
1 9 7 9 ..................
3428.
3346.
3418.
435.
602.
520.
397.
316.
308.
1629.
1596.
1745.
503.
430.
429.
456.
389.
412.
2522.
2357.
2372.
575.
598.
591.
286.
328.
371.
45.
64.
83.
1 8 8.
194.
1 8 1.
32 4 1 .
3152 .
3 2 37 .
1 9 8 0 ..................
1 9 8 1 ..................
1 9 8 2 ..................
1 9 8 3 ............... .
1 9 8 4 ..................
1 9 8 5 ..................
1 9 8 6 .......... , .
3401.
3386.
3301 .
3412.
3443.
2963.
2547 .
499.
389.
328.
373.
336.
335.
296.
291.
260.
257.
322.
295.
231.
175.
1756 .
2012.
2061.
2003.
2060.
1767 .
1657 .
451.
381.
305.
39 0 .
355.
358.
174.
39 4 .
337.
345.
3 1 9.
352.
267 .
244.
22 27.
2228.
2140.
2319.
2417.
2060.
1708.
663.
645.
673.
604.
532.
513.
465.
412.
413.
396.
379.
403.
296.
294.
99.
99.
92.
110.
91.
94.
79.
180.
17 5.
222.
203.
17 9.
18 1 .
202.
32 2 2 .
3211 .
30 7 8 .
32 10 .
32 6 4 .
2781.
2344.
622.2
NUMBER OF LOANS MADE DURING FIRST FULL WEEK OF SECOND MONTH OF QUARTER ( SEASONALLY-•ADJUSTED ANNUAL RATE)
1 9 8 1 - Q 2 ..........
-Q3. . . . - i
- Q 4 ------ -- ]
3627.
3220.
3363.
470.
382.
343.
281.
217.
297.
2047 .
1927.
1978.
476.
391.
357.
310.
283.
427.
2284.
2166.
2294.
722.
615.
598.
449.
366.
402.
116.
66.
114.
165.
1 6 6.
183.
3462.
3063.
3184.
1 9 8 2 - Q 1 --------- Q 2 ..........
-Q 3.....1
-Q4. . . .
3 ; 59.
3278.
3341.
3420.
307.
257 .
339.
382.
188.
244.
317.
290.
2130.
2011.
1970.
2164.
298.
332.
278.
299.
275.
385.
3 7 9.
3 4 2.
2039.
2105.
2182.
2226.
626.
678.
669.
708.
408.
366 .
39 3 .
419.
10 0 .
83.
106.
87.
212.
230.
224.
221.
2934.
30 5 1 .
31 2 5 .
3201.
J983-Q1. . . . .
- Q 2 .......... I
Q 3 ------ !
•-Q4 . . . . . . I
3589.
3615.
3325.
3091.
331.
389.
357.
394.
334.
296 .
259.
394.
2117.
2143.
2047.
1624.
369.
422.
347.
409.
436.
378.
239.
211
2485.
2467 .
2251.
2037 .
644.
605.
628.
550.
355.
39 5 .
386.
378.
123.
1 0 8.
62.
13 9 .
178.
239.
222.
1 6 3.
33 9 6 .
33 78 .
3120.
2922.
1 9 8 4 - Q 1 .......... I
- Q 2 .......... I
- Q 3 .......... 1
- Q 4 .......... 1
3561.
33 49.
3554.
3335.
409.
368.
317.
280.
341.
276.
314.
257.
2223.
2046.
2106.
1844.
314.
282.
450.
376.
272.
383.
264.
485.
2371.
2336.
25 68.
2394.
607.
508.
498.
524.
490.
373.
389.
36 6 .
98.
105.
89.
68.
19 4.
1 8 1.
17 4 .
1 6 6.
3353.
3165.
3412.
3154.
1 9 8 5 - Q 1 .......... 1
- Q 2 ..........
- Q 3 .......... j
- Q 4 ..........
3002.
3216 .
2714.
2869.
256.
482.
251.
334.
263.
272.
211.
170.
1705.
1933.
1649.
1741.
397.
345.
229.
431 .
349.
234.
270.
217.
2067.
2182.
1926.
2043.
502.
588.
443.
492.
34 5 .
316 .
259.
257 .
95.
99.
103.
83.
16 9.
17 3.
18 1 .
201.
2824.
30 3 2 .
2568.
2649.
1 9 8 6 - Q 1 ..........
“ Q 2 ..........
- Q 3 ..........
- Q 4 ..........
2568.
2544.
2804.
2267 .
334.
254.
304.
299.
1 7 8.
188.
16 8 .
1 6 3.
1692.
1642.
1748.
1522.
153.
202.
225.
135.
232.
277 .
229.
233.
1776.
1650.
1922.
1474.
436.
488.
525.
416 .
280.
298.
323.
282.
80.
81.
70.
85.
19 1.
205.
201.
211 .
2370.
2330.
2643.
2039.
1 9 8 7 - Q i ..........
- Q 2 ..........
2357.
2282.
348.
392.
14 7 .
1 0 0.
1521.
1490.
1 3 1.
1 5 2.
223.
1 8 0.
1577.
1501.
480.
454.
231.
248.
74.
56.
200.
1 7 7.
2151.
2095.
* LOANS UNDER $ 1 , 0 0 0 ARE NOT INCLUDED IN THE SURVEY.
I
ESTIMATES FROM THE QUARTERLY SAMPLE SURVEY OF BANK NON-REAL-ESTATE LOANS TO FARMERS
TABLE 623
AVERAGE SIZE OF LOANS MADE (THOUSANDS OF DOLLARS)*
PURPOSE OF LOAN
PERIOD
ALL LOANS
FEEDER
LIVESTOCK
623.1
OTHER
LIVESTOCK
OTHER
CURRENT
OPERATING
EXPENSES
FARM
MACHINERY
AND
EQUIPMENT
OTHER
SIZE OF LOAN
_______(THOUSANDS OF DOLLARS)________
100
AND
10 TO
25 TO
1 TO
9
99
OVER
29
SIZE OF BANK
LARGE
OTHER
1
ANNUAL AVERAGE SIZE OF LOANS MADE
1977 ..................
1 9 7 8 ..................
1 9 7 9 ..................
13.
19.
15.
22.
22.
32.
13.
12 .
16 .
10.
11.
11.
9.
10.
10.
18.
20.
19.
9.
9.
9.
15.
15.
19.
99.
91.
97 .
297.
296.
220.
61.
63.
61.
10 .
11 .
13.
1 9 8 0 ..................
1 9 8 1 ..................
1 9 8 2 ..................
1 9 8 3 ..................
1 9 8 9 ..................
1 9 8 5 ..................
1 9 8 6 ..................
18.
18.
20.
20.
18.
18.
19.
32.
33.
91.
32.
32.
26.
35.
16.
17.
17.
18.
22.
23.
26.
19.
19.
19.
16.
13.
13.
19.
11.
12.
18 .
16 .
12.
12.
19.
26 .
39.
39.
37.
35.
92.
33.
9.
9.
9.
9.
9.
9.
9.
15.
15 .
15 .
15.
15.
19.
15.
99.
99.
96.
96.
99.
96 .
95.
239.
255.
326.
299.
291.
255.
280.
66 .
73.
98.
92.
88.
82.
62.
15.
15.
19.
15.
19.
13.
15.
623.2
|
!
I
|
AVERAGE SIZE OF LOANS MADE DURING FIRST FULL MEEK OF SECOND MONTH OF QUARTER
1 9 8 1 - Q 2 .......... I
- Q 3 .......... i
- Q 9 .......... I
18.
16.
20.
39.
93.
27.
21.
17.
15.
19.
12.
19.
13.
10.
11.
39.
18.
95.
9.
9.
9.
15.
15.
19.
99.
95.
93.
238.
383.
296.
68.
86.
85.
16.
12 .
16 .
1 9 8 2 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 9 ..........
22.
17.
21.
21.
93.
38.
91.
93.
19.
17.
15.
19.
17.
12.
19.
12.
18 .
17 .
9.
22.
95.
35.
93.
33.
9.
9.
3.
9.
15.
19.
15.
15.
96.
96.
96.
96.
296.
263.
925.
393.
111.
72.
111.
103.
15.
13.
19.
15.
1 9 8 3 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 9 ..........
19.
21.
19.
25.
30.
29.
33.
36.
15.
19.
15.
26.
16.
17.
11.
19.
10.
22.
11.
17 .
32.
97.
20.
96.
9.
9.
3.
9.
15.
15.
19.
15.
96.
99.
95.
95.
218.
359.
306.
305.
71.
11 7 .
56.
121.
16 .
15.
11.
20.
1 9 8 9 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 9 ..........
22.
18.
19.
17.
99.
30.
18.
32.
15
20.
29.
27.
17.
13.
10.
11.
13.
16.
11.
11.
96.
37.
90.
23.
9.
9.
9.
9.
19.
15.
15.
15.
99.
92.
92.
97.
311.
259.
316.
295.
119.
89.
77.
69.
16.
19.
11.
19.
1 9 8 5 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 9 ..........
20.
18 .
16 .
17.
31.
27.
20.
29.
15 .
28.
27 .
22.
16.
11.
11.
13.
12 .
16.
18.
8.
93.
99.
30.
96.
3.
9.
3.
9.
19.
15.
15.
19.
96.
95.
99.
98.
259.
292.
257.
279.
92.
93.
63.
79.
15.
13.
12.
12.
1 9 5 6 - Q 1 ..........
-Q2. . . . .
- Q 3 ..........
- Q 9 ..........
21.
21.
13.
21.
29.
36.
39.
90.
37.
25.
19.
19.
16.
15.
9
17.
16.
16.
13.
9.
38.
95.
21.
23.
9.
9.
3.
9.
15.
15.
15.
15.
92.
93.
98.
98.
300.
296.
218.
278.
87.
58.
97.
59.
16.
17 .
11 .
18.
1 9 8 7 - Q 1 ..........
- Q 2 ..........
23.
17.
29.
28.
23.
32.
20.
12.
19.
13 .
93.
39.
9.
9.
15.
19.
97.
99.
322.
257 .
1 0 2.
63.
15.
13.
* LOANS UNDER $ 1 , 0 0 0 ARE NOT INCLUDED IN THE SURVEY.
1
1
1
!
1
37
38
ESTIMATES FROM THE QUARTERLY SAMPLE SURVET OF BANK NON-REAL-ESTATE LOANS TO FARMERS
TABLE 624
AVERAGE MATURITY OF LOANS MADE (MONTHS)*
OF LOAN
SIZE i
_______(THOUSANDS OF DOLLARS,!
PURPOSE OF LOAN
PERIOD
ALL LOANS
FEEDER
LIVESTOCK
624.1
OTHER
LIVESTOCK
OTHER
FARM
CURRENT
MACHINERY
OPERATING
AND
EXPENSES___EQUIPMENT __
OTHER
|
SIZE OF BANK
1 TO
9
10 TO
24
25 TO
99
100
AND
OVER
LARGE
OTHER
ANNUAL AVERAGE MATURITY OF LOANS MADE
1 9 / 7 . ...............
1 9 7 8 ------ . . . .
1 9 7 9 ..................
9.
8.
7.
6.
6.
6.
10.
6.
7.
6.
7.
6.
14 .
18.
14.
13 .
10 .
9.
8.
8.
8.
9.
9.
8.
11.
9.
8.
7.
8.
6.
6.
7.
5.
10.
9.
8.
1 9 8 0 . . . . ____
1981 . . . -----1 9 8 2 ............... ..
1 9 8 3 .......... ..
1 9 8 4 ..................
1 9 8 5 ____ _ . .
1 9 8 6 ..................
-r
6.
6.
9.
8.
8.
8.
6.
6.
5.
5.
5.
6.
6.
7.
6.
7.
8.
7.
8.
6.
7.
6.
7.
10.
8.
7.
8.
14.
11.
8.
11 .
13.
14.
21.
7.
5.
5.
8.
8.
9.
9.
7.
6.
6.
7.
7.
7.
7.
7.
6.
7.
8.
8.
8.
8.
7.
6.
7.
8.
8.
9.
10.
8.
6.
6.
10.
8.
8.
7.
7.
5.
6.
6.
7.
7.
5.
7.
6.
7.
10.
8.
8.
9.
624.2
AVERAGE MATURITY OF LOANS MADE DURING FIRST FULL WEEK OF SECOND MONTH OF QUARTER
13.
12.
7.
6.
4.
5.
7.
6.
6.
6.
5.
7.
6.
6.
6.
7.
4.
5.
7.
4.
5.
7.
5.
6.
8.
9.
6.
6.
9.
7.
8.
9.
5.
7.
4.
6.
6.
7.
6.
5.
8.
6.
6.
7.
7.
6.
6.
6.
7.
9.
5.
5.
6.
9.
5.
4.
8.
7.
6.
7.
12.
6.
7.
7.
11 .
14 .
6.
7.
14 .
10.
16.
8.
7.
6.
11 .
10.
8.
7.
7.
6.
9.
9.
6.
8.
10.
8.
8.
7.
11.
13.
8.
7.
7.
7.
7.
4.
10.
13.
8.
8.
4.
5.
6.
5.
9.
6.
4.
8.
8.
9.
8.
6.
19.
13.
9.
10.
12.
9.
5.
6.
9.
7.
6.
6.
10 .
7.
6.
6.
9.
9.
7.
7.
8.
9.
8.
6.
5.
7.
12.
5.
10.
9.
6.
7.
7.
9.
8.
8.
6.
7.
6.
6.
6.
10.
6.
8.
9.
8.
6.
7.
9.
16 .
12.
17.
6.
9.
13 .
11.
7.
7.
6.
6.
8.
8.
8.
6.
10 .
9.
8.
9.
6.
9.
8.
9.
5.
5.
7.
11.
8.
10.
8.
7.
1 9 8 6 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
9.
9.
7.
6.
7.
6.
5.
6.
5.
7.
5.
9.
10 .
8.
6.
6.
12 .
43.
13 .
10.
10.
10.
9.
5.
8.
8.
6.
6.
8.
9.
7.
7.
15.
11.
8.
7.
7.
9.
6.
6.
4.
6.
6.
6.
11.
10.
7.
6.
1 9 8 7 - Q 1 ..........
- Q 2 ..........
8.
11.
6.
6.
7.
9.
8.
9.
19.
30.
14.
26.
8.
8.
8.
9.
10 .
12 .
8.
14 .
8.
7.
8.
12 .
1 9 8 1 - Q 2 ..........
- Q 3 ..........
- Q 4 ..........
7.
5.
6.
5.
4.
6.
8.
5.
6.
6.
4.
5.
1 9 8 2 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
7.
8.
5.
6.
4.
5.
7.
5.
8.
10.
4.
6.
1 9 8 3 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
10 .
11.
7.
7.
5.
5.
7.
5.
1 9 8 4 - Q 1 ..........
- Q 2 ..........
“ Q 3 ..........
~ Q4 ..........
9.
8.
7.
6.
1 9 8 5 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
* AVERAGE MATURITY OF NONDEMAND LOANS,
-
WITH EACH LOAN WEIGHTED BY ITS DOLLAR AMOUNT.
ESTIMATES FROM THE QUARTERLY SAMPLE SURVEY OF DANK NON-REAL-ESTATE LOANS TO FARMERS
TABLE 625
AVERAGE EFFECTIVE INTEREST RATE ON LOANS MADE (PERCENT)*
PURPOSE OF LOAN
PERIOD
ALL LOANS 1
625.1
FEEDER
LIVESTOCK
OTHER
LIVESTOCK
OTHER
CURRENT
OPERATING
EXPENSES
SIZE OF LOAN
(THOUSANDS OF DOLLARS)
FARM
MACHINERY
AND
EQUIPMENT
OTHER
SIZE OF BANK
1 TO
9
10 TO
24
25 TO
99
100
AND
OVER
LARGE
OTHER
ANNUAL AVERAGE EFFECTIVE INTEREST RATE ON LOANS MADE
1 9 7 7 ..................
1 9 7 8 ..................
1 9 7 9 ..................
8.8
9.6
11.9
8.6
9.7
12.1
8.7
9.8
11.7
8.9
9.5
11.8
9.2
9.6
11.2
8.9
9.7
12.1
9.1
9.4
11.1
8.9
9.4
11.4
8.8
9.5
11.5
8.6
9.9
12.8
8.5
10.2
13.6
9.0
9.4
11.4
1 9 8 0 ..................
1 9 8 1 ..................
1 9 8 2 ..................
1 9 8 3 ..................
1 9 8 4 ..................
1 9 8 5 ..................
1 9 8 6 ..................
15.2
18.5
16.7
13.5
14.1
12.8
11.5
15.6
18.6
15.9
13.6
13.7
12.5
11.1
14.6
18.4
16.3
13.8
14.3
12.7
11.9
15.3
18.4
16.9
13.5
14.2
13.0
11.5
14.4
17.9
17.1
14.3
14.6
13.7
12.2
15.3
18.6
16.9
12.8
14.0
12.1
11.2
14.7
18.0
17.0
14.2
14.6
13.7
12.4
14.7
18.2
16.8
14.1
14.3
13.2
12.0
14.9
18.2
17.0
14.0
14.3
13.2
11.8
15.9
18.9
16.4
13 0
13! 7
12.1
10.8
16.2
19.8
16.1
12 1
13! 1
11.2
9.6
15.0
18.1
17.0
14 1
14.4
13.4
12.1
625.2
AVERAGE EFFECTIVE INTEREST RATE ON LOANS MADE DURING FIRST FULL WEEK OF SECOND MONTH OF QUARTER
1 9 8 1 - Q 2 ..........
- Q 3 ..........
- Q 4 ..........
17.9
19.6
18.8
18.4
19.6
18.5
18.0
19.9
18.7
17.7
19.5
18.9
17.6
18.9
18.1
17.7
20.1
18.9
17.5
18.8
18.5
17.6
19.1
18.8
17.7
19.3
18.5
18.2
20.3
19.0
19.5
20.8
18.9
17.5
19.1
18.7
1 9 8 2 - Q 1 ..........
“ Q 2 ..........
- Q 3 ..........
- Q 4 ..........
17.7
17.8
16.7
14.7
17.6
17.8
16.8
13.8
17.4
17.5
15.5
15.4
17.7
17.7
16.8
15.3
17.9
18.2
17.3
15.7
17.9
17.9
16.9
14.5
17.7
17 .6
17.4
15.6
17.3
17.6
17.1
15.3
17.7
17.8
17.4
15.4
17.8
17.8
16.2
13.9
18.0
17.9
15.6
13.3
17.5
17.7
17.4
15.4
1 9 8 3 - Q 1 ..........
- Q 2 ..........
- Q 3 .......... I
- Q 4 .......... 1
13.8
13.2
13.6
13.6
13.8
13.4
13.1
14.0
14.2
13.0
14.1
13.9
14.0
13.2
13.8
13.3
14.1
14.8
14.3
13.9
13.1
12.6
13.1
12.9
14.4
14.0
14.3
14.3
14.4
13.8
14.0
14.2
14.1
14.0
13.9
13.9
13.3
12.6
12.7
13.2
12.5
12.0
12.2
11.8
14.1
13.9
14.1
14.2
1 9 8 4 - Q 1 .......... !
- Q 2 ..........
- Q 3 .......... 1
- Q 4 ..........
i
1 9 8 5 - Q l .......... I
- Q 2 .......... I
- Q 3 .......... |
-Q<*.......... 1
j
1 9 8 6 - Q 1 .......... |
-Q2. . . . . I
- Q 3 .......... 1
- Q 9 .......... 1
j
1 9 8 7 - Q 1 .......... |
- Q 2 ---------I
________________ 1
13.5
14.2
14.8
14.2
12.7
14.5
14.6
13.8
13.6
13.9
15.2
14.1
13.8
14.2
14.8
14.4
13.9
15.0
15.0
14.5
13.4
13.9
14.4
14.3
14.1
14.6
15.0
14.7
14.1
14.3
14.6
14.4
14.0
14.4
14.9
14.3
12.9
14.0
14.7
13.8
12.2
13.3
14.4
13.4
14.1
14.5
14.9
14.4
13.2
13.0
12.3
12.3
13.0
12.9
11.7
12.1
13.6
12.9
12.4
11.6
13.6
13.4
12.5
12.2
13.4
14.1
13.3
13.7
12.4
12.0
11.5
12.2
13.9
14.0
13.2
13.6
13.6
13.2
13.0
12.9
13.7
13.5
12.6
12.8
12.6
12.3
11.7
11.3
11.7
11.5
10.6
10.6
13.8
13.6
12.9
13.1
12.0
11.5
11.4
10.8
11.9
11.3
10.9
10.8
12.6
11.7
11.5
10.5
11.8
11.6
11.6
11.1
12.7
12.5
11.6
11.9
11.9
11.3
11.2
9.9
12.9
12.4
12.2
11.9
12.8
12.1
11.9
11.3
12.6
11.9
11.8
11.0
11.4
10.9
10.1
10.3
10.3
9.7
9.3
8.9
12.8
12.0
12.1
11.5
10.1
10.7
10.6
10.7
9.9
9.6
10.4
10.9
11.2
11.3
9.1
10.3
11.6
11.4
11.2
11.2
10.9
10.9
9.3
10.1
8.4
9.4
11.2
11.2
|
j
1
|
I
1
* THE APPROXIMATE COMPOUNDED ANNUAL INTEREST RATE ON EACH LOAN IS CALCULATED FROM SURVEY DATA ON THE STATED RATE AND OTHER TERMS
OF THE LOAN.
IN COMPUTING THE AVERAGE OF THESE ESTIMATED EFFECTIVE RATES, EACH LOAN IS WEIGHTED BY ITS DOLLAR AMOUNT.
39
40
ESTIMATES FROM THE QUARTERLY SAMPLE SURVEY OF BANK NON-REAL-ESTATE LOANS TO FARMERS
TABLE 626
PERCENTAGE OF LOANS MADE WITH A FLOATING INTEREST RATE*
PURPOSE OF LOAN
PERIOD
ALL LOANS
FEEDER
LIVESTOCK
!
OTHER
LIVESTOCK
_______ L
626.1
19 77. . . . . . . .
1 9 7 8 ............... .
1 9 7 9 ..................
1 9 8 0 . ...............
1 9 8 1 ..................
1 9 8 2 ..................
1 9 8 3 ........
1 9 8 4 . . . . ____
1 9 8 5 ..................
1986 ____ . . . .
17.
17.
17 .
FARM
MACHINERY
AND
EQUIPMENT
OTHER
1 TO
9
10 TO
24
25 TO
99
100
AND
OVER
LARGE
OTHER
ANNUAL PERCENTAGE OF LOANS MADE WITH A FLOATING INTEREST RATE
i
r
22.
29.
39.
43.
39.
45.
53.
_______________ 1
L
626.2
OTHER
CURRENT
OPERATING
___ EXPENSES
SIZE OF BANK
SIZE OF LOAN
(THOUSANDS OF DOLLARS)
28.
19.
17.
14.
20.
17.
12.
14.
16 .
6.
2.
7.
23.
28.
24.
2.
2.
3.
4.
3.
6.
7.
8.
10.
45.
42.
35.
60.
62.
66.
2.
1.
3.
20.
33.
48.
48.
41.
61.
60.
18.
22.
30.
29.
32.
45.
35.
21.
31.
43.
48.
42.
43.
57.
11
15.
15.
18.
24.
20.
31 .
33.
28.
31 .
44.
39.
47 .
51.
7.
15 .
24.
26.
24.
28.
41.
12.
18.
26 .
29.
31.
32.
42.
13.
22.
30.
35.
29.
42.
48.
37.
43.
53.
56.
53.
57.
64.
75.
80.
66.
78.
71.
77.
72.
8.
16.
26.
30.
28.
33.
47.
PERCENTAGE OF LOANS MADE WITH A FLOATING INTEREST RATE DURING FIRST FULL WEEK OF SECOND MONTH OF QUARTER
1 9 8 1 - Q 2 ..........
- Q 3 ..........
-Q 4.. .. .
23.
36.
31.
30.
33.
35.
16.
23.
31.
20.
40.
38.
12.
21.
16 .
30.
42.
27.
14.
18.
19.
13.
22.
25.
15.
24.
26.
34.
56.
41.
80.
86.
72.
11 .
16.
20.
1 9 8 2 - Q 1 ..........
~ Q2 . . . . .
~Q3 . . . .
~ Q4 ..........
47 .
38.
37.
35.
42.
47.
63.
44.
53.
25.
21.
26.
55.
43.
30.
41.
31.
13.
23.
5.
39.
37.
23.
29.
23.
26.
27 .
21.
26.
24.
29.
25.
35.
29.
33.
22.
65.
56.
43.
51.
71.
74.
54.
65.
35.
23.
27 .
21.
1 9 8 3 - Q 1 ..........
- Q 2 ------ -- Q 3 ..........
-Q4. . . . .
43.
54.
45.
29.
57.
54.
69.
30.
26.
30.
23.
31.
55.
61 .
40.
25.
24.
23.
22.
8.
23.
57.
51 .
47.
22.
30.
26.
23.
29.
32 .
35 .
22.
36.
42.
33.
27.
58.
70.
74.
32.
81.
83.
85.
62.
34.
38.
30.
18.
1 9 8 4 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
-Q4. . . . .
39.
42.
35.
38 .
45.
26.
62.
42.
20.
47 .
8.
55.
34.
52.
39.
41 .
43.
32 .
12.
13.
52.
34.
46 .
27.
23.
25.
24.
23.
33.
33.
38.
22.
31.
29.
27.
28.
49.
57.
45.
60.
59.
80.
72.
79.
30.
30.
22.
26 .
1985-Q1. . . . .
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
43.
49.
41 .
46.
63.
60.
68.
59.
20.
54.
36.
66.
43.
44.
43.
42.
29.
24.
9.
12.
47.
52.
40.
46 .
25.
32 .
26 .
26.
28.
27.
35.
39.
37.
48.
44.
39.
55.
62.
47.
59.
90.
74.
67.
76 .
26 .
39.
32.
31 .
1 9 8 6 - Q 1 ..........
- Q 2 ..........
- Q 3 ..........
- Q 4 ..........
42.
60.
54.
57.
69.
57.
70.
52.
30.
28.
56.
39.
43.
67.
48.
66.
25.
34 .
32 .
34.
30.
63.
60.
47 .
26.
44 .
49.
44.
37 .
42.
47 .
40.
52.
49.
50.
43.
43.
75.
67 .
74.
57 .
72.
82.
83.
36.
57 .
45.
47.
1 9 8 7 - Q 1 ..........
- Q 2 ..........
67.
60.
62.
55.
66.
54.
62.
59.
57 .
64.
85.
71.
43.
50.
44 .
45.
54.
57.
81 .
72.
94.
95.
49.
46.
* PERCENTAGE OF AMOUNT OF LOANS MADE.
A FLOATING RATE IS TIED TO SOME OTHER RATE (SUCH AS THE PRIME RATE OR A MARKET INTEREST
RATE), AND NEITHER THE BANK NOR THE BORROWER KNOWS THE EXACT RATE OF INTEREST TO BE CHARGED OVER THE LIFE OF THE LOAN.
FARM CREDIT CONDITIONS AT COMMERCIAL BANKS
631
632
633
634
635
Non-real-estate lending experience.................................. .......... .. 42
Expected change in non-real-estate loan volumeand repayment conditions........... 44
Average loan/deposit ratio, and otherindicatorsof relative
creditavailability... 46
Interest rates •••• ................................................................. 48
Trends in real estate values and loan volume...................................... 50
Data are from quarterly surveys of agricultural credit conditions at commercial banks conducted
at the end of each quarter by five Federal Reserve Banks. Each of these banks issues a more
detailed quarterly report on its survey results, available from its Research Department at the
address given below. The five surveys differ in subject matter covered (as is evident in the
tables), wording of basically similar questions, and type of banks covered. Most of the
differences in wording are reflected in the use of different column headings on the two pages
of each table. Important differences in the type of banks surveyed are noted below.
Federal Reserve Bank of Chicago, Box 834, Chicago, Illinois 60690
Before 1973, the sample included member banks at which farm loans represented 10 percent or
more of total loans as of 1968. In 1973, the sample was broadened to include nonmember banks at
which farm loans represented 25 percent or more of total loans as of June 1972 (10 percent in
Michigan), which increased the sample to over 1,000 banks.
Federal Reserve Bank of Kansas City, Federal Reserve P.0. Station, Kansas City, Missouri 64198
The sample chosen in 1976 consisted of 188 banks selected from among banks at which farm loans
constituted 50 percent or more of total loans, with appropriate representation of all farm areas.
Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota 55480
The sample provides a cross-section of banks of all sizes that are engaged in farm lending.
Members of the Upper Midwest Agricultural Credit Council form the core of the survey panel.
Federal Reserve Bank of Dallas, Station K, Dallas, Texas 75222.
A new regionally-stratified sample drawn in July 1982 included 299 banks at which farm loans
are relatively important or which hold a major portion of bank farm loans in their region.
In 1985-Q1, the survey sample was enlarged substantially, and thus data starting in 1985 are
are not completely comparable with data for earlier quarters.
Federal Reserve Bank of Richmond, Richmond, Virginia 23261
The sample selected in 1975 consisted of 43 banks of all sizes.
of farm loans were sampled more heavily.
Banks with the larger amounts
41
42
FEDERAL RESERVE BANK QUARTERLY SURVEYS OF AGRICULTURAL CREDIT CO JITIONS AT COMMERCIAL BANKS
TABLE 631
FARM NON-REAL* ESTATE LENDING EXPERIENCE, COMPARED WITH A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
DEMAND FOR LOANS
LOAN REPAYMENT RATE
FUND AVAILABILITY
QUARTER
LOWER
SAME
631
SEVENTH (CHICAGO) FEDERAL RESERVE DISTRICT
1
HIGHER
LOWER
SAME
HIGHER
LOWER:
SAME
( IL*,
HIGHER
I N*,
10,
COLLATERAL REQUIRED
1
I RENEWALS OR EXTENSIONS
1
L
I LOWER SAME HIGHER
I
I LOWER SAME HIGHER
I
1
1
1 _________
1
_
MI*,
WI* )
AGRICULTURAL BANKS
1985-Q1...
-Q 2.. .
-Q3. . .
-Q4. . .
26.
29.
33.
47.
41.
37.
43.
37.
33.
34.
24.
16.
11 .
6.
9.
5.
58.
55.
55.
46.
31.
39.
36.
49.
57.
48.
45.
33.
38 .
48.
50.
36.
4.
4.
5.
31.
5.
7.
7.
25.
37.
45.
48.
40.
58.
48.
45.
36.
1
I
1
|
1
I
1
|
1
i
1
o.
o.
0.
1.
30.
32 .
28 .
36.
70.
68.
72.
63.
1986-Q1. . .
-Q2.. .
- Q 3 ...
-Q4. . .
47.
51.
46.
51.
34.
33.
40.
37.
19.
16.
14.
i2.
4.
4.
5.
4.
41.
41.
45.
40.
55.
56.
50.
56.
36.
26.
26.
21 .
47.
63.
61.
50.
17.
11.
13.
29.
16 .
11 .
12 .
22.
50.
60.
61.
55.
34.
29.
27.
23.
|
1
I
1
I
|
1
1
0.
0.
0.
0.
33.
35.
39.
42.
67.
65.
61.
58 .
1987-Q1...
47.
35.
18.
6.
39.
55.
14 .
55.
32 .
27.
56.
17.
0.
43.
57.
631.2
TENTH (KANSAS CITY)
FEDERAL RESERVE DISTRICT
( CO,
KS,
MO*,
NE,
NM*,
OK*,
W )
Y
1
1
i1
1
1
AGRICULTURAL BANKS
1985-Q1. .
-Q 2..
-Q3. .
-Q 4..
.
.
.
.
24.
27.
34.
31.
50.
49.
47 .
54.
26 .
25.
19.
15.
8.
7.
9.
5.
60.
61.
59.
58.
31.
32.
32.
37.
54.
55.
50.
36.
42.
43.
45.
47.
4.
2.
5.
17.
4.
3.
5.
11 .
42.
46.
47.
49.
54.
51.
48.
40.
1.
1.
1.
0.
28.
29.
25.
27.
72 .
70.
73.
73.
1986-Q1..
-Q 2..
-Q3. .
-Q4..
.
.
.
•
37.
42.
39.
42.
48.
45.
47.
45.
14.
13 .
14.
13.
4.
2.
3.
4.
48.
48.
46.
43.
48.
49.
51.
54.
38.
29.
27 .
19.
51.
65.
62.
57.
11.
6.
11.
24.
8.
9.
11.
17.
57.
61.
64.
64.
35.
30.
25.
19.
2.
0.
1.
0.
28.
33.
33.
36 .
70.
67.
66 .
64.
48.
38.
14 .
5.
40.
55.
11.
54 .
35.
26.
64.
10.
0.
39.
61.
1987-Q1...
631.4
ELEVENTH (DALLAS)
FEDERAL RESERVE DISTRICT
1985-Q1. . .
~Q2. . .
- Q 3 ...
-Q4. . .
27.
29.
32.
28.
47.
52.
50.
52.
26.
19.
18.
20.
11.
10,
14.
12.
51.
54.
52.
54.
38.
36.
34.
34.
1986-Q1...
-Q 2.. .
- Q 3 ...
- Q 4 ...
35.
40.
46.
33.
42.
43.
34.
39.
23.
17 .
20.
28.
13.
12.
13.
10.
51.
54.
50.
55.
36.
34.
37.
36 .
1987-Q1. . .
34.
45.
21.
9.
52.
39.
(
LA*,
NM*,
OK*,
TX )
43.
37.
47.
48.
1
53.
54.
45.
45.
5.
9.
8.
7.
5.
10.
8.
8.
48.
53.
48.
46.
47.
38.
43.
45.
0.
0.
0.
1.
43.
43.
35 .
30.
57 .
57 .
64.
69.
50.
54.
57.
47.
44.
37.
36.
46 .
6.
9.
6.
7.
5.
3.
3.
9.
44.
42.
39.
45.
51.
55.
58.
47.
1.
1.
0.
0.
26.
22.
22.
27.
73.
77.
78.
73.
38.
49.
13.
10.
49.
41.
0.
25.
75.
TABLE 631 (CONTINUED)
FARM NON-REAL-ESTATE LENDING EXPERIENCE/ COMPARED NITH NORMAL CONDITIONS
PERCENTAGE OF BANKS REPORTING
1
DEMAND FOR LOANS
FUND AVAILABILITY
QUARTER
HIGHER
LONER
SAME
HIGHER
RENENALS OR EXTENSIONS
LOAN REPAYMENT RATE
LONER
LONER
SAME
631.3
NINTH (MINNEAPOLIS) FEDERAL RESERVE DISTRICT
SAME
( Mi x,
HIGHER
MN/ MT,
LONER
ND,
SD,
SAME
COLLATERAL REQUIRED
HIGHER
LONER
SAME
HIGHER
NIX )
1984-Q1...
-Q 2.. .
- Q 3 ...
” Q4. . .
11.
9.
23.
16.
70.
69.
63.
64.
19.
22.
14.
20.
X XX
X XX
X XX
X XX
X XX
X XX
X XX
XXX
X XX
X XX
X XX
XXX
54.
45.
50.
68.
46.
53.
46.
31.
0.
2.
4.
1.
2.
0.
3.
2.
44.
43.
45.
32.
53.
57.
52.
66.
X XX
X XX
X XX
X XX
X XX
XXX
X XX
X XX
X XX
X XX
X XX
XXX
1985-Q1...
- Q 2 ...
-Q 3.. .
-Q4. . .
12.
14.
24.
20.
58.
69.
62.
64.
30.
17.
14.
16.
X XX
X XX
X XX
X XX
XXX
XXX
XXX
X XX
X XX
X XX
X XX
XXX
60.
57.
58.
61.
40.
40.
37.
36.
0.
2.
5.
3.
1.
2.
1.
3.
32.
48.
48.
34.
67.
50.
51.
62.
X XX
X XX
X XX
X XX
X XX
X XX
XXX
X XX
XXX
XXX
XXX
X XX
1986-QI.. .
-Q2. . .
-Q3. . .
- Q 4 ...
23.
34.
27.
20.
58.
58.
63.
71.
19.
8.
10.
9.
XXX
XXX
X XX
XXX
X XX
X XX
XXX
XXX
XXX
X XX
XXX
XXX
62.
44.
30.
21.
34.
51.
65.
66.
4.
5.
6.
13.
1.
4.
5.
4.
45.
43.
61.
66.
54.
53.
34.
29.
X XX
XXX
X XX
X XX
X XX
X XX
X XX
X XX
X XX
XXX
XXX
XXX
1987-Q1...
28.
52.
20.
XXX
XXX
XXX
14.
64.
21.
7.
73.
20.
X XX
X XX
X XX
3.
3.
13 .
3.
55.
70.
71.
71.
41.
27.
16.
26.
0.
6.
0.
0.
52.
55.
61.
52.
48.
39 .
39.
48.
3.
3.
o.
0.
67.
70.
71.
71.
30.
27.
29.
29.
3.
0.
4.
0.
37.
45.
36.
46.
60.
55.
61.
54.
29.
38.
48.
32.
68.
59.
48.
64.
FIFTH (RICHMOND) FEDERAL RESERVE DISTRICT
( MD,
NC,
SC,
VA,
NVX )
52.
70.
71.
71.
28.
19.
16.
10.
10.
3.
10.
10.
45.
61.
58.
68.
45.
36.
32.
23.
35.
18.
13.
19.
66.
79.
68.
81.
0.
3.
19.
0.
1985-QI. . .
- Q 2 ...
-Q 3...I
-Q 4 ...
33.
17.
25.
32.
47.
73.
61.
54.
20.
10.
14.
14.
0.
0.
7.
7.
73.
77.
71.
79.
27.
23.
21.
14.
27.
27.
32.
18.
73.
73.
64.
82.
0.
0.
4.
0.
1986-QI. . .
-Q2. . .
-Q3. . .
- Q 4 ...
29.
31.
33.
39.
36.
55.
56.
50.
36.
14.
11.
11.
14.
10.
4.
4.
57.
72.
73.
75.
29.
17.
22.
21.
21.
28.
30.
32.
71.
72.
67.
64.
7.
0.
4.
4.
7.
7.
11.
18.
71.
71.
56.
54.
21.
21.
33.
29.
4.
3.
4.
4.
1987-Q1. . .
35.
48.
17.
3.
72.
24.
24.
3.
21.
62.
17.
3.
1
1
oo
21.
12.
13.
19.
CM
1984-Q1. . . 1
-Q2. . . 1
-Q 3 ...
-Q 4 ... 1
^sj
IN)
631.5
69.
43
44
FEDERAL RESERVE BANK QUARTERLY SURVEYS OF AGRICULTURAL CREDIT CONDITIONS AT COMMERCIAL BANKS
TABLE 632
FARM NON-REAL-ESTATE LOAN VOLUME EXPECTED DURING THE NEXT QUARTER, COMPARED NITH VOLUME OF LOANS MADE A YEAR EARLIER
PERCENTAGE OF BANKS REPORTING
TOTAL
END OF
QUARTER
LONER SAME HIGHER
CROP STORAGE
LONER SAME HIGHER
1
632. 1
1985-Q1..
-Q2. .
- Q3. .
- QA. .
SEVENTH (CHICAGO)
FEDERAL RESERVE DISTRICT
(
ILX,
IN* ,
10,
Mi x,
Ni x
)
1
1
1
Al.
28.
20.
26.
65.
62.
6A.
59.
31.
3A.
32 .
3A.
5.
A.
A.
7.
I
1
1
1
39.
37.
36.
A3.
38.
A9.
52.
AO.
2A.
1A.
12 .
17 .
59.
57.
A8 .
50.
32 .
38.
AA.
Al.
9.
5.
7.
9.
7.
AA.
38.
17 .
38.
51.
11.
A7 .
A8.
A6 .
AA.
23.
18.
1A.
15.
36.
A6 .
53.
AA.
57.
51.
Al.
51.
7.
3:
6.
5.
29.
33.
35.
37.
61.
61 .
61.
59.
10.
6.
5.
A.
AO.
37 .
31 .
A3.
53.
53.
A5.
A8 .
7.
11.
2A.
9.
1986-Q1. . .
- Q 2 . ..
-Q 3.. .
-Q A ...
A6 .
A3.
AO.
A7 .
Al.
A6 .
50.
Al .
13 .
11 .
10.
12.
53.
A8 .
30.
26.
A5 .
A7 .
A9 .
57.
3.
5.
21.
16 .
A9.
A7 .
36.
35.
A8 .
50.
60.
61.
3.
3.
A.
A.
38.
23.
21.
37.
55.
A3.
A3.
5A.
6.
3A.
36.
9.
1987-Q1.. .
A5.
Al .
1A.
23.
57 .
20.
27.
6 8 ‘.
5.
3A.
59.
FEDERAL RESERVE DISTRICT
1985-Q1. . .
-Q2. . .
-Q3. . .
-Q A ...
26.
27 .
29.
31.
58.
57 .
5A.
5A.
16.
16.
16 .
15.
2A.
30.
29.
25.
53.
A8.
A9.
59.
23.
22.
22.
16.
1986-Q1. . .
- Q 2 . ..
-Q 3.. .
~QA.. .
29.
33.
31.
28.
55.
A6 .
52.
56.
15.
20.
17 .
16.
38 .
32.
23.
20.
50.
51.
53.
58.
12.
17.
2A.
22.
1987-Q1. . .
2A.
65.
11 .
19.
57.
2A.
632. 5
FIFTH (RICHMOND)
1
j
I
1
I
1
1
1
1
1
1
I
1
(
LAX,
32.
33.
32.
32.
65.
63.
65.
66 .
3.
3.
A.
2.
41.
45.
29.
30.
55.v
51 .
67 .
66.
3.
A.
3.
A.
23.
71 .
6.
FEDERAL RESERVE DISTRICT
( MD,
1985-Q1... 1
- Q 2 . ..
-Q3. . .
-QA. . .
36 .
32.
25.
32.
50.
57.
6A.
5A.
1A.
11 .
11 .
1A.
22.
22.
18 .
23.
70.
65.
73.
6A.
9.
13.
9.
1A.
1
I
1
1
I
22.
27.
21.
30.
70.
65.
71.
70.
7.
8.
8.
‘ 0.
1986-Q1. . .
- Q 2 ...
- Q 3 . ..
-Q A ...
Al.
39.
35.
27 .
A8 .
57.
50.
73.
11 .
A.
15.
0.
30.
39.
30.
38.
61.
61.
60.
58.
9.
0.
10.
A.
1
1
I
1
A2.
52.
A6.
52.
58.
A8 .
A6 .
A8 .
0.
0.
9.
0.
I9 8 7 -Q 1 ...
Al.
55.
3.
30.
57 .
12.
I
1
56.
58.
A.
1
1
NM*,
1
1
I
1
1
j
1
1
1
1
1
1
1
NC,
OKX,
AGRICULTURAL BANKS
36.
A9.
AA.
AA.
30.
35.
AO.
Al.
ELEVENTH (DALLAS)
LONER SAME HIGHER
23.
23.
36.
30.
.
.
.
.
632. A
FARM MACHINERY
OPERATING
I
I
LONER SAME HIGHER i LONER SAME HIGHER
___
_
___________ 1
DAIRY
FEEDER CATTLE
______
LONER SAME HIGHER
TX )
2A.
23.
21.
2A.
63.
59.
65.
67.
13.
19.
1A.
10 .
25.
20.
2A.
28 .
Al.
52.
53.
A9.
35.
28.
2A.
23.
I
I
I
I
A2.
A l.
A6 .
51.
A3.
A6 .
A6 .
A3.
15.
13.
8.
6.
30.
30.
24.
18.
60.
52.
66.
73.
11.
18.
10.
9.
26.
31.
31.
2A.
A7.
A3.
50.
A8.
27 .
26.
19.
29.
|
|
1
!
58 .
5A.
63.
51.
35 .
AO.
33 .
39.
7.
6.
A.
10.
19.
73.
8.
22.
53.
25.
I
A6 .
AA.
10.
SC,
1
VA,
'
i
1
1
1
NVX )
1 39 .
28.
15.
40.
5A.
62.
50.
52.
7.
10.
35.
8.
35.
33 .
37 .
32.
A5.
50.
52.
50.
21.
17.
11 .
18.
A7 .
A3.
39.
39.
A7 .
50.
61.
5A.
7.
7.
0.
7.
28.
Al .
2A.
32.
6A.
AA.
56 .
56 .
8.
15.
20.
12.
32.
35.
22 .
18.
5A.
59.
59.
75.
1A.
7.
19 .
7.
A6 .
52.
AA.
36.
A6 .
38.
A8.
61.
7.
10.
7.
A.
1 31.
J
______
62.
8.
18.
68.
1A.
35.
55.
10.
1
1
1
j
I
1
1
1
TABLE 632 (CONTINUED)
EXPECTED FARM LOAN DEMAND AND REPAYMENT CONDITIONS
PERCENTAGE OF BANKS REPORTING
E X P E C T E D D E M A N D FOR F A R M L O ANS D U R I N G NEX T QUARTER,
C O M P A R E D W I T H NORMAL D E M A N D
END OF
QUARTER
SHORT-TERM
N O N - R E A L - E S T A T E LO A N S
INTERMEDIATE-TERM
N O N - R E A L - E S T A T E LOANS
PROPORTION OF FARM
C U S T O M E R S L O A N E D UP
TO T H E I R P R A C T I C A L
DEBT LIMIT, C O M P A R E D
WITH A YEAR EARLIER
DEBT E X T E N S I O N
OR R E F I N A N C I N G
i
1 ADVERSE CHANGE
1
E X P E C T E D IN
I FARME R S ' A B I L I T Y
1 TO R E P A Y DEBT IN
1 T H E NE X T Q U A R T E R
1
LOWER
SAME
_ ___LO N E R
HIGHER_ 1
632.3
NINTH
(MINNEAPOLIS)
1 9 7 9 - Q 1 ...
- Q 2 . ..
- Q 3 . ..
- Q 4 . ..
3.
3.
9.
17.
66.
63.
48.
54.
30.
34.
43.
30.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
8.
8.
10.
6.
76.
73.
43.
56.
17.
19.
47.
38.
28.
18.
8.
6.
60.
56.
63.
62.
13.
26.
28.
32.
15.
24.
34.
46.
1 9 8 0 - Q 1 . ..
- Q 2 . ..
- Q 3 ...
- Q 4 . ..
18.
27.
21.
45.
45.
56.
67.
46.
38.
16.
12.
9.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
9.
7.
16.
14.
38.
54.
63.
51.
53.
39.
21.
35.
3.
1.
5.
11.
40.
46.
69.
62.
57.
53.
26.
27.
83.
69.
29.
35.
1 9 8 1 - Q 1 . ..
- Q 2 . ..
- Q 3 . ..
- Q 4 . ..
11.
22.
27.
21.
73.
63.
57.
54.
16.
16.
17.
25.
36.
45.
51.
52.
59.
47.
42.
41.
4.
7.
7.
7.
7.
8.
4.
4.
60.
62.
43.
21.
33.
30.
53.
75.
4.
5.
6.
3.
63.
62.
60.
42.
32.
33.
34.
55.
1 9 8 2 - Q 1 . ..
- Q 2 . ..
- Q 3 . ..
- Q 4 . ..
13.
7.
19.
10.
60.
75.
59.
65.
27.
18.
21.
25.
52.
46.
43.
42.
37.
47.
47.
42.
11.
6.
10.
16.
4.
5.
3.
3.
26.
52.
32.
23.
70.
43.
65.
74.
2.
2.
2.
1.
37.
47.
52.
43.
62.
51.
46.
56.
55.
44.
61.
43.
1 9 8 3 - Q 1 . ..
- Q 2 . ..
- Q 3 . ..
- Q 4 . ..
25.
21.
22.
10.
63.
72.
71.
67.
13.
8.
8.
22.
36.
33.
26.
26.
56.
62.
65.
63.
8.
5.
9.
12.
4.
4.
3.
4.
43.
67.
59.
51.
53.
29.
38.
45.
2.
5.
5.
9.
51.
69.
67.
62.
47.
26.
28.
29.
23.
23.
37.
24.
1 9 8 4 - Q 1 . ..
- Q 2 . ..
~ Q 3 . ..
- Q 4 . ..
6.
7.
16.
11.
71.
77.
65.
61.
23.
15.
19.
29.
23.
30.
34.
35.
63.
60.
50.
51.
14.
10.
16.
14.
1.
5.
4.
3.
56.
50.
42.
30.
43.
45.
54.
67.
4.
1.
3.
2.
63.
58.
56.
44.
33.
41.
41.
54.
31.
46.
50.
48.
1 9 8 5 - Q 1 . ..
- Q 2 ...
- Q 3 . ,.
~ Q 4 .•.
10.
13.
19.
13.
63.
68.
62.
60.
27.
19.
19.
27.
26.
38.
41.
39.
53.
49.
48.
44.
21.
13.
11.
17.
1.
2.
1.
2.
39.
51.
35.
37.
60.
47.
64.
61.
3.
2.
2.
1.
46.
55.
46.
47.
51.
43.
52.
52,
44.
59.
58.
47.
1 9 8 6 - Q 1 .,.
- Q 2 . ..
-Q3...I
- Q 4 . ..
15.
25.
25.
29.
64.
66.
65.
62.
22.
9.
10.
9.
35.
34.
29.
32.
56.
51.
57.
55.
8.
15.
14.
14.
2.
12.
6.
7.
43.
48.
50.
68.
55.
40.
44.
26.
5.
8.
13.
20.
55.
63.
69.
71.
41.
29.
18.
9.
1 9 8 7 - Q 1 . ..
19.
68.
14.
21.
69.
10.
5.
79.
16.
XXX
XXX
XXX
I
I
1
I
SAME
F EDERAL
H I G H E R _ ___L O WER
_
RESERVE DISTRICT
SAME
i(
MIX,
HIGHER
MN,
MT,
LOWER
ND,
SD,
Mix
SAME_ HIGHER
)
!
I
I
|
I
37.
32.
58.
67.
47.
42.
44.
12.
XXX
46
FEDERAL RESERVE BANK QUARTERLY SURVEYS OF AGRICULTURAL CREDIT CONDITIONS AT COMMERCIAL BANKS
TABLE 633
AVERAGE LOAN/DEPOSIT RATIO,
1
1
QUARTER
AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY
I REFUSED OR I
I
LOAN/DEPOSIT RAT 10 I S — I REDUCED A I ACTIVELY
AVERAGE
1 FARM LOAN 1SEEKING
LOAN/DEPOSIT
RATIO
1BECAUSE OF 1 NEW
AT END OF
FARM
LOWER
AT
HIGHER A SHORTAGE
QUARTER
OF LOANABLE
LOAN
THAN
DESIRED
THAN
(PERCENT)
ACCOUNTS
DESIRED
LEVEL
FUNDS
DESIRED
633.1
SEVENTH (CHICAGO) FEDERAL RESERVE DISTRICT
(
IL*,
EXPECT PROBLEMS
NUMBER OF FARM LOAN REFERRALS TO—
IN MEETING FARM
NONBANK AGENCIES
LOAN REQUESTS I CORRESPONDENT BANKS
1
DURING THE NEXT I
1
COMPARED WITH
COMPARED WITH
QUARTER BECAUSE I
1
1
NONE A YEAR EARLIER
!
OF A SHORTAGE 1NONE| A YEAR EARLIER
OF FUNDS
1
1
1
LOWER SAME HIGHEF
1 _____ l LONER SAME HIGHER
_
1
IN* ,
10,
MI*,
WI* )
AGRICULTURAL BANKS
1985-Q1. . .
-Q 2.. .
-Q 3.. . I
-Q4. . . 1
56.
55.
55.
53.
55.
62.
62.
67.
28.
24.
25.
22.
17.
14.
14.
11 .
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
1986-Q1.. . i
- Q 2 . ..
- Q 3 . ..
- Q 4 ...
51.
51.
51 .
49.
72.
76 .
74.
80.
19.
18 .
21.
17.
8.
6.
6.
3.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
I987-Q1. . .
49.
78.
17 .
5.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
633.2
TENTH (KANSAS CITY)
FEDERAL RESERVE DISTRICT
( CO , KS,
MO*,
NE,
NM*,
OK*,
NY )
AGRICULTURAL ] ANKS
B
1985-Q1...
- Q 2 . ..
- Q 3 ...
- Q 4 . ..
58.
59.
58.
55.
60.
57.
58.
61.
8.
9.
8.
12 .
32.
34.
34.
27.
9.
8.
5.
8.
32.
33.
33 .
32 .
XXX
XXX
XXX
XXX
58.
61.
66.
65.
15.
14.
17.
22.
74.
76.
75.
74.
11 .
10 .
8.
4.
21.
21.
23.
22.
4.
3.
5.
7.
34.
42.
44 .
46.
62.
55.
50.
46 .
1986-Q1. . .
- Q 2 ...
- Q 3 . ..
-Q 4 ...
53.
52.
52.
50.
66.
72.
74.
75.
11.
11 .
9.
8.
24.
18.
18.
16.
7.
4.
3.
6.
39.
38.
38.
45.
XXX
XXX
XXX
XXX
64.
68.
75.
74.
18.
21.
24.
24.
75.
74.
72.
72.
7.
4.
4.
4.
21.
30.
37.
39.
5.
9.
17.
20.
49.
57.
54.
54.
46.
34.
29.
26 .
1987-Q1...
49.
79.
9.
12.
3.
51.
XXX
77.
20.
77.
3.
41.
14.
61.
24.
633.4
ELEVENTH (DALLAS) FEDERAL RESERVE DISTRICT
( LAX,
NM*,
OK*,
TX )
1985-Q1...
- Q 2 ...
“ Q3. . .
-Q 4 ...
56.
57 .
57.
57.
52.
45.
49.
43.
41.
43.
41.
49.
7.
12 .
10 .
8.
6.
5.
6.
5.
33.
34.
31.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
17.
15 .
14.
15.
69.
74.
75.
74.
14.
11.
11.
11.
XXX
XXX
XXX
XXX
11 .
7.
8.
9.
50.
63.
61.
59.
39 .
30.
31.
32.
1986-QI. . .
-Q2. . .
- Q 3 . ..
- Q 4 ...
56.
57.
55.
55.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
7.
10.
6.
7.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XX*
XXX
XXX
XXX
12.
12.
12.
13.
71.
77.
76.
80.
17.
11.
12.
7.
XXX
XXX
XXX
XXX
8.
6.
6.
10.
60.
66.
65.
65.
32.
29 .
29.
25.
, 1 9 8 7 - Q1 . . .
54.
XXX
XXX
XXX
6.
XXX
XXX
XXX
11.
81.
7.
XXX
8.
74.
18.
FEDERAL RESERVE BANK QUARTERLY SURVEYS OF AGRICULTURAL CREDIT CONDITIONS AT COMMERCIAL BANKS
TABLE 6 3 3 (CONTINUED)
AVERAGE LOAN/DEPOSIT RATIO, AND PERCENTAGE OF BANKS REPORTING OTHER CONDITIONS THAT REFLECT RELATIVE CREDIT AVAILABILITY
QUARTER
REFUSED OR
EXPECT PROBLEMS
NUMBER OF FARM LOAN REFERRALS TO—
AVERAGE
LOAN/DEPOSIT RATIO I S —
REDUCED A ACTIVELY IN MEETING FARM
LOAN/DEPOSIT
LOAN REQUESTS
FARM LOAN SEEKING
CORRESPONDENT BANKS
NONBANK AGENCIES
RATIO
DURING THE NEXT
BECAUSE OF
NEN
AT END OF
LONER
AT
HIGHER A SHORTAGE
QUARTER BECAUSE
FARM
COMPARED WITH
COMPARED NITH
QUARTER
THAN
DESIRED
THAN
OF LOANABLE
OF A SHORTAGE NONE
LOAN
NORMAL NUMBER
NONE
NORMAL NUMBER
(PERCENT)
DESIRED
LEVEL
DESIRED
FUNDS
OF FUNDS
ACCOUNTS
LONER SAME HIGHER
LOWER SAME HIOHEF
633.3
NINTH (MINNEAPOLIS) FEDERAL RESERVE DISTRICT
( MIX,
MN, MT,
ND,
SD, NIX )
1984-Q1, . .
-Q2. . .
-Q 3 ...
~Q4. . .
63.
65.
65.
63.
53.
42.
48.
43.
42.
47.
41.
51.
4.
11.
12.
7.
4.
5.
4.
4.
77.
73.
78.
72.
3.
3.
4.
2.
37.
24.
32.
34.
2.
5.
5.
4.
54.
64.
55.
52.
8.
7.
8.
10.
16.
14.
21.
16.
3.
3.
4.
1.
42.
59.
44.
46.
39.
24.
31.
37.
1985-Q1...
-Q 2 ...
- Q 3 . ..1
- Q 4 . . .1
62.
62.
62.
60.
34.
45.
51.
54.
58.
46.
44.
39.
8.
9.
5.
7.
1.
2.
4.
2.
74.
57.
54.
38.
1.
3.
2.
2.
34.
23.
24.
34.
4.
7.
8.
6.
51.
59.
62.
51.
11.
11.
6.
10.
8.
11.
12 .
17.
1.
0.
3.
1.
38.
36.
49.
42.
53 .
52.
36.
40.
1986-Q1...
-Q 2 ...
-Q 3 .:.
- Q 4 ...
59.
57.
56.
54.
59.
61.
71.
72.
37.
34.
28.
23.
3.
5.
1.
4.
1.
2.
3.
3.
48.
56.
69.
69.
i.
0.
2.
1.
31.
38.
31.
32.
5.
5.
4.
6.
52.
47.
58.
52.
12.
9.
6.
8.
12.
16 .
15.
20.
1.
4.
3.
10 .
45.
47.
61.
49.
41.
32.
21.
20.
1987-Q1,..
52.
68.
32.
0.
3.
XXX
XXX
33.
16.
47.
5.
20.
12.
48.
21.
633.5
FIFTH (RICHMOND) FEDERAL RESERVE DISTRICT
( MD, NC,
SC,
VA,
!
I
|
1
NVX )
54.
42.
41.
33.
42.
55.
48.
60.
4.
3.
10.
7.
0.
0.
0.
0.
76.
67.
68.
68.
XXX
XXX
XXX
XXX
81.
83.
82.
89.
0.
0.
0.
0.
19.
17.
19.
11.
0.
0.
0.
0.
65.
69.
65.
59.
0.
0.
0.
0.
27.
28.
31.
35.
8.
3.
4.
7.
1985-Q1...
-Q 2 ...
-Q 3 ...
-Q 4 ...
66.
65.
66.
65.
38.
30.
37.
35.
52.
63.
56.
58.
10.
7.
7.
8.
0.
0.
11.
0.
66.
69.
68.
57.
XXX
XXX
XXX
XXX
78.
82.
71.
89.
0.
0.
0.
0.
22.
19.
29.
8.
0.
0.
0.
4.
52.
64.
52.
63.
0.
0.
0.
0.
31.
29.
48.
33.
17.
7.
0.
4.
1986-Q1...
-Q2. . .
- Q 3 ...
-Q 4 ...
68.
68.
70.
69.
36.
35.
33.
39.
50.
52.
56.
46.
14.
14.
11.
15.
0.
7.
0.
0.
68.
59.
67.
74.
XXX
XXX
XXX
XXX
63.
85.
76.
76.
4.
0.
0.
0.
26.
15.
24.
24.
7.
0.
0.
0.
48.
! 58.
54.
50.
4.
0.
0.
0.
41.
35.
42.
42.
7.
8.
4.
9.
1987-Q1...
66.
32.
50.
18.
0.
66.
XXX
77.
4.
15.
4.
54.
0.
29.
17.
1 9 8 4 -Q i...
“ Q2. . . 1
« Q 3 ...
~Q4...
64.
64.
64.
66.
j
47
48
FEDERAL RESERVE BANK QUARTERLY SURVEYS OF AGRICULTURAL CREDIT CONDITIONS AT COMMERCIAL BANKS
TABLE 634
INTEREST RATES ON FARM LOANS
MOST
curmon
i n t e r e s t - rt^ e
t
(AVERAGE,
END OF
QUARTER
ON FARM LOANS
PERCENT)
OTHER
FEEDER
NON-REAL - ESTATE LOANS
CATTLE OPERATING
LOANS
SHORTLOANS
INTERMEDIATE
____ TERM___ _ TERM
634. 1
SEVENTH (CHICAGO)
LONG-TERM
REAL
ESTATE
LOANS
EXPECTED1 DURING THE NEXT QUARTER , COMPARED WITH
G
QUARTER (PERCENTAGE OF BANKS REPORTING)
I
LONG-TERM
1
INTERMEDIATE -TERM
REAL ESTATE LOANS
| NON-REAL-ESTATE LOANS |
1
1
HIGHER I LOWER
SAME
HIGHER
HIGHER | LOWER
SAME
1
1
1
AVERAGE INTEREST RATE
RATES IN THIS
SHORT-TERM
NON-REAL -ESTATE LOANS
LOWER
FEDERAL RESERVE DISTRICT
(
SAME
ILX,
I N*,
10,
MI*,
WI* )
AGRICULTURAL BANKS
1984-Q1...
- Q 2 ...
-Q 3 ...
- Q 4 . ..
13.8
14.3
14.4
13.6
13.8
14.3
14.4
13.6
XXXX
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
13.4
13.9
14.0
13.3
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
x xx x
xxxx
xxxx
xxxx
xxxx
XXXX
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
x xx x
xxxx
xxxx
xxx x
xxx x
x xx x
xxx x
1985-Q1. . .
-Q 2 ...
-Q3. . .
-Q4. . .
13.5
12.9
12.8
12.7
13.5
12.9
12.8
12.7
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
13.2
12.6
12.5
12.3
x xx x
x xx x
x xx x
x xx x
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
x xx x
xxxx
xxxx
xxxx
xxxx
xxxx
1986-Q1. . .
- Q 2 ...
-Q 3.. .
-Q4. . .
12.4
11.8
11.3
11.1
12.4
11.8
11.3
11.1
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
11.7
11.2
10.8
10.5
xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
x xx x
x xx x
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
1987-Q1.. .
10.9
10.9
xxxx
xxxx
10.3
xxxx
x xx x
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
634. 2
TENTH (KANSAS CITY)
FEDERAL RESERVE DISTRICT
( CO,
KS,
MO*,
NE,
NM*,
OK*,
W )
Y
AGRICULTURAL BANKS
1984-Q1. . .
-Q2. . .
-Q3. . .
- Q 4 . ..
14.1
14.5
14.6
13.9
14.2
14.6
14.7
14.1
xxxx
xxxx
x xx x
xxxx
14.5
14.8
14.9
14.2
14.1
14.4
14.6
14.0
xxxx
xxxx
x xx x
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
XXXX
XXXX
xxxx
xxxx
I xxxx
I xxxx
j xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
x xx x
x xx x
xxxx
1985-Q1. . .
-Q2. . .
-Q3. . .
-Q4. . .
13.7
13.2
13.1
13.0
13.8
13.4
13.2
13.1
xxxx
xxxx
xxxx
xxxx
14.0
13.6
13.5
13.3
13.7
13.4
13.1
13.0
xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
XXXX
xxxx
I xxxx
xxxx
1 xxxx
1 xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
1986-Q1...
-Q2. . .
-Q3. . .
-Q 4.. .
12.6
12.3
11.9
11.6
12.7
12.4
11.9
11.7
xxxx
xxxx
xxxx
xxxx
12.8
12.5
12.0
11.8
12.4
12.1
11.6
11.1
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
x xx x
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
XXXX
xxxx
xxxx
I xxxx
xxxx
1 xxxx
! xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
1987-Q1.. .
11.4
11.5
xxxx
11.5
10.8
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
XXXX
XXXX
XXXX
FEDERAL RESERVE BANK QUARTERLY SURVEYS OF AGRICULTURAL CREDIT CONDITIONS AT COMMERCIAL BANKS
TABLE 634 (CONTINUED)
INTEREST RATES ON FARM LOANS
END OF
QUARTER
MOST COMMON INTEREST RATE CHARGED ON FARM LOANS
(AVERAGE, PERCENT)
AVERAGE INTEREST RATE *
EXPECTED DURING THE NEXT QUARTER, COMPARED WITH
RATES IN THIS 1UARTER (PERCENTAGE OF BANKS REPORTING)
INTERMEDIATE-TERM
LONG-TERM
SHORT-TERM
NON-REAL-ESTATE LOANS
NON-REAL-ESTATE LOANS
REAL ESTATE LOANS
FEEDER
OTHER
NON-REAL-ESTATE LOANS LONG-TERM
CATTLE OPERATING
REAL
LONER
LOANS
LOANS
SHORT- INTERMEDIATEESTATE
________________ TERM______ TERM_______ LOANS___1
634. 3
SAME
HIGHER
LONER
SAME
HIGHER 1 LONER
SAME
HIGHER
( Mix, MN, MT, ND, SD, NIX )
NINTH (MINNEAPOLIS) FEDERAL RESERVE DISTRICT
1985-Q1..
.
-Q2..
.
-Q3..
.
-Q4..
.
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
13.9
13.4
13.2
13.1
14.1
13.6
13.5
13.3
13.6
12.9
12.8
12.5
6.
69.
13.
31.
71.
31.
82.
67.
23.
0
.
5.
2.
4.
61.
9.
28.
68.
39.
83.
69.
28.
0.
7.
2.
2.
50.
8.
18.
77.
45.
86 .
80.
20.
5.
5.
2.
1986-Q1..
.
-Q2. ..
-Q3..
.
-Q4. ..
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
12.8
12.3
11.9
11.7
13.1
12.6
12.1
11.8
12.3
11.9
11.3
11.0
52.
22.
40.
42.
48.
75.
57.
58.
0.
3.
2.
0.
49.
23.
34.
40.
51.
73.
63.
60.
0.
4.
3.
0.
48.
19.
22.
30.
52.
74.
75.
68.
0
.
7.
3.
2.
1987-Q1... xxxx
xxxx
11.4
11.5
10.7
25.
74.
1.
18.
81.
1.
12.
87.
1.
634. 4
ELEVENTH (DALLAS) FEDERAL RESERVE DISTRICT
( LAX, NMX, OKX, TX :
>
1985-Q1. ..
-Q2..
.
-Q3..
.
-Q4..
.
13.8
13.4
13.1
13.0
13.8
13.4
13.2
12.9
xxxx
xxxx
xxxx
xxxx
14.1
13.7
13.4
13.2
13.7
13.4
13.1
13.1
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
1986-Q1...
-Q2. ..
-Q3..
.
-Q4...
12.4
12.0
11.6
11.3
12.6
12.2
11.7
11.5
xxxx
xxxx
xxxx
xxxx
12.8
12.6
11.9
11.9
12.9
12.6
11.7
11.4
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
1987-Q1..
.
11.2
11.4
xxxx
11.6
11.5
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
634. 5
R
FIFTH (RICHMOND) FEDERAL 1ESERVE DISTRICT
( MD, NC, SC, VA, NV* )
1985-Q1.. 12.9
.
-Q2... 12.3
t
-Q3...i 12.3
-Q4... 11.6
12.8
12.0
12.0
12.0
xxxx
xxxx
xxxx
xxxx
13.3
12.5
12.6
11.8
13.3
12.9
12.8
11.3
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
11.7
11.1
10.7
10.1
11.5
10.8
10.4
9.9
10.1
xxxx
xxxx
xxxx
xxxx
11.8
11.2
10.9
10.5
11.7
11.1
11.1
10.7
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
10.5
10.3
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
1986-Q1...
-Q2...
-Q3...
-Q4. ..
1987-Q1..
.
10.2
49
50
FEDERAL RESERVE BANK QUARTERLY SURVEYS OF AGRICULTURAL CREDIT CONDITIONS AT COMMERCIAL BANKS
TABLE 635
TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME
MARKET VALUE Of GOOD FARMLAND'
END OF
QUARTER
PERCENTAGE
A YEAR
PERCENTAGE CHANGE
DURING QUARTER
ALL
635.1
DRYLAND
IRRIGATED
RANCHLAND
ALL
DRYLAND
■PERCENTAGE OF BANKS EXPECTING
CHANGE FROM
|
TREND DURING THE NEXT
EARLIER
I
QUARTER TO BE
1
. .
D0HN
STABLE
UP
IRRI- RANCHGATED
LAND
SEVENTH (CHICAGO) FEDERAL RESERVE DISTRICT
1985-Q1..
.
-Q2..
.
-Q3..
.
-Q4...
-6.
-5.
**5.
~4.
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
XXXX
xxxx
XXXX
xxxx
i
1
j -20.
1 -22.
-20.
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
1986-Q1..
.
-Q2,..
-Q3..
.
-Q4.. |
.
-3.
-2.
-4.
-1.
0.
xxxx
KXXX
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
XXXX
-17.
] -15.
-12.
1 -12.
!
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
1987-Qi..
.
635.4
xxxx
xxxx
XXXX 1 >8.
_______ 1
______
ELEVENTH (DALLAS) FEDERAL RESERVE DISTRICT
PERCENTAGE of banks Expecting
FARM REAL ESTATE LOAN VOLUME
DURING THE NEXT QUARTER,
COMPARED NITH VOLUME MADE
A YEAR EARLIER, TO BE—
LONER
SAME
HIGHER
( ILX, INK, 10, Mix, HIM ) AGRICULTURAL BANKS
xxxx
xxxx
xxxx
xxxx
j
60.
j
55.
j
62.
j
55.
1
XXXX 1
40.
xxxx j
!
31.
xxxx j
!
43.
XXXX 1
1
40.
1
1
xxxx j
1
13.
1 .....
1
( LAX, NM*, OK*, TX
39.
45.
38.
43.
1.
1.
1.
2.
48.
34.
38.
35.
38.
32.
35.
38.
14.
35.
27.
26.
59.
67.
56.
59.
1.
1.
1.
1.
34.
34.
31.
30.
35.
42.
40.
38.
31.
24.
29.
32.
81.
5.
21.
37.
42.
)
1985 “
Q1_
_
-Q2. ..
~Q3..
.
Q4...
XXXX
xxxx
xxxx
xxxx
-3.
-2.
-3.
-3.
-1.
-5.
-5.
-8.
-1.
-4.
-2.
-5.
xxxx
• xxxx
xxxx
xxxx
-5.
-8.
-8.
-10.
-5.
“9.
-12.
-18.
2.
-4.
-9.
-11.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
38.
39.
43.
44.
55.
53.
46.
47.
7.
8.
11.
9.
1986-Qi...
-Q2.. 1
.
-Q3...1
~Q4...
xxxx
xxxx
xxxx
xxxx
-5.
-7.
-5.
-2.
-4.
-6.
-3.
-2.
-3.
-6.
-4.
-4.
xxxx
xxxx
xxxx
xxxx
-12.
-16.
-18.
-17.
-21.
-21.
-20.
-14.
-14.
-15.
-16.
-15.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
48.
45.
45.
42.
38.
42.
40.
46.
15.
12.
15.
12.
1987-Q1.•.
xxxx
-1.
-1.
-2.
xxxx
-14.
-11.
-14.
XXX
XXX
XXX
37.
53.
10.
635.5
FIFTH (RICHMOND) FEDERAL RESERVE DISTRICT
( MD, NC, SC, VA, HVX )
1985-Q1. .
.
-Q2.
..
-Q3..
.
-Q4. ..
-5.
-5.
-2.
-2.
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
-9.
-17.
-10.
-13.
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
40.
37.
36.
33.
60.
63.
64.
67.
0.
0.
0.
0.
48.
41.
44.
39.
48.
52.
48.
50.
3.
7.
7.
12.
1986-Q1. ..
-Q2. ..
-Q3... 1
-Q4. ..1
i
1
1987-Q1. .1
.
1
-2.
-o.
o.
-2.
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
-10.
-6.
-4.
-4.
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
36.
28.
19.
11.
64.
72.
82.
86.
0.
0.
0.
4.
44.
50.
39.
31.
52.
43.
50.
54.
4.
7.
12.
15.
-o.
xxxx
xxxx
xxxx
-2.
xxxx
xxxx
xxxx
3.
97.
0.
37.
48.
15.
FEDERAL RESERVE BANK QUARTERLY SURVEYS OF AGRICULTURAL CREDIT CONDITIONS AT COMMERCIAL BANKS
TABLE 635 (CONTINUED)
TRENDS IN FARM REAL ESTATE VALUES AND LOAN VOLUME
MARKET VALUE OF GOOD FARMLAND
PERCENTAGE CHANGE
DURING QUARTER
END OF
QUARTER
ALL
635.2
198A-Q1...
-Q2...
-Q3..
.
-QA...
xxxx
xxxx
xxxx
xxxx
1985-Q1...
-Q2..
.
”Q3. .
.
-QA...
xxxx
xxxx
xxxx
xxxx
1986-Q1.*.
-Q2...
-Q3...
-QA. ..
xxxx
xxxx
xxxx
xxxx
1987-91.. .
xxxx
635.3
DRYLAND
IRRIGATED
RANCHLAND__
ALL
DRYLAND
IRRI- RANCHGATED __LAND__
TENTH (KANSAS CITY) FEDERAL RESERVE DISTRICT
-6.
-0.
-8.
-6.
-6.
-3.
-8.
-3.
PERCENTAGE OF BANKS EXPECTING
TREND DURING THE NEXT
QUARTER TO BE—
PERCENTAGE CHANGE FROM
A YEAR EARLIER
-A.
-A.
-A.
-8.
xxxx
xxxx
| xxxx
xxxx
-7.
-10.
-15.
-19.
-7.
-11.
-17.
-19.
DOWN
STABLE
.
-A.
-3.
-7.
-6.
LOWER
SAME
HIGHER
( COi, KS, MOX, NE, NMX, OKX, WY ) AGRICULTURAL BANKS
-7.
-11.
-12.
-19.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
xxxx
XXX
-18.
-17.
-23.
xxxx
XXX
XXX
-17.
-23.
-25.
xxxx
XXX
XXX
-21.
-16 . -28.
|
XXX
XXX
-20.
-18.
-2A.
1 xxxx
XXX
XXX
-3.
-3.
-18.
-18.
-2A.
-8. | xxxx
XXX
XXX
-3.
-1.
-16.
-16.
-2. | xxxx
-21.
|
XXX
XXX
-3.
-2.
-1A.
-12.
-1A.
-1. 1 xxxx
XXX
XXX
-A.
-6.
-7. | xxxx
-12.
-12.
-18.
i
1
1
|
XXX
XXX
0
0
-9.
-9.
-11.
-1. 1 xxxx
J1 _____
_
NINTH (MINNEAPOLIS) FEDERAL RESERVE DISTRICT ( Mix, MN, MT, ND, SD, NIX
-6.
-5.
-6.
-5.
UP
PERCENTAGE OF BANKS EXPECTING
DEMAND FOR LONG-TERM FARM
REAL ESTATE LOANS DURING THE
NEXT QUARTER, COMPARED WITH
NORMAL DEMAND, TO BE—
-9.
-6.
-9.
-3.
.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
)
198A-Q1..
.
-Q2...
-Q3...
-QA. ..
xxxx
xxxx
xxxx
xxxx
-A.
-A.
-1.
-1.
1
.
-5.
-3.
-7.
-8.
-1.
2.
-5.
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
-9.
xxxx
xxxx
xxxx
-13.
xxxx
xxxx
xxxx
-12.
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
33.
A8.
37.
36.
57.
A6 .
55.
57.
11.
5.
8.
6.
1985-Q1. .
.
-Q2. .
.
-Q3..
.
-QA...
xxxx
xxxx
xxxx
xxxx
-2.
-10.
-9.
-9.
-2.
-8.
-9.
-9.
-2.
-12.
-11.
-9.
xxxx
xxxx
xxxx
xxxx
-8.
-13.
-20.
-26.
-16.
-18.
-23.
-25.
-6.
-16.
-26.
-29.
X XX
X XX
X XX
X XX
X XX
X XX
X XX
X XX
X XX
X XX
X XX
X XX
32.
25.
22.
26.
56.
38.
A2.
Al.
12.
38.
36.
33.
1986-QI. ..
-Q2. ..
-Q3..
.
-QA. .
.
xxxx
xxxx
xxxx
xxxx
-9.
-6.
-A.
-5.
-8.
-5.
-A.
-A.
-10.
-8.
-6.
-6.
xxxx
xxxx
xxxx
xxxx
-31.
-28.
-25.
-21.
-30.
-28.
-23.
-19.
-35.
-33.
-29.
-27.
X XX
X XX
X XX
X XX
XXX
X XX
X XX
X XX
X XX
X XX
X XX
X XX
33.
21.
17.
15.
50.
52.
55.
A6 .
17.
27.
29.
A0.
1987-Q1. ..
xxxx
3.
-0.
5.
xxxx
-12.
-13.
-15.
X XX
X XX
X XX
9.
39.
52.
Note the following change in the Ninth District survey: before 1987-Q1, bankers reported quarterly changes,
from which the annual changes shown were calculated; in 1987-Q1, barkers reported the annual change shown,
and the implied quarterly change was calculated.
51
