TABLE 2.-AVERAGE INTEREST RATES CHARGED BY CERTAIN FARM REAL ESTATE LENDERS, 1977-1980 1Rate shown was a national average of that charged for the month of December of the year shown. 2 August 1980 rates (the month in which the proposed Treasury regulations were issued) averaged 10.56 percent. 3 Based on data for the 1st 6 months of 1980 only. Source: Agricultural Finance Datebook, Board of Governors, Federal Reserve System, January 1981. "The President has proposed certain budget changes that would result in all Farm Home Administration loan rates raising to the level of interest earned on Treasury bills. 6 Source: Council of Economic Advisors, Economic Indicators. TABLE 3.-SOURCES OF FARM REAL ESTATE PURCHASE MONEY, Source: Farm Real Estate Debt, Farm Credit Administration, 1980. Agricultural Finance Outlook, U.S.D.A., November 1980 (1981 estimates). NOTE.-Details may not add to totals due to rounding. |