Though perhaps somewhat distorted by the recent and perhaps unique,
 enormous influence of Farmers Home Administration funds stemming from
 weather related crop disasters, again the trends are obvious. In essence,
 the Production Credit Associations have increased their share of non-real
 estate loans at the expense of commercial banks. While the banks' flow
 of short term funds to agriculture has doubled since 1969, their total share
 has fallen from 40% to 25%, and in real terms, their dollar volume has
 actually declined.
 In summary, the commercial banks' share of total farm loans outstanding
 in Florida was 20% in 1960, similar to the Farm Credit Administration. How-
 ever, by 1979 their share had slipped to 13% while the Farm Credit Adminis-
 tration provided 44% of the total. In fact, the Farm Credit Administration
 outstanding loans in 1979 is 16 times the 1960 total, while the commercial
 banks' increase is a little over 4 times their 1960 level. Apparently, the
 Farm Credit Administration found it worthwhile to expand their inputs into
 Florida's agriculture, while the commercial banks were less enthusiastic.
 In order to see whether this situation is unusual, a comparison between
 Florida and the other Federal Reserve Sixth District states showed that
 Florida receives proportionally far less capital from commercial banks
 than these states. This statement is consistent with historical and trend
 statistics, with real estate or non-real estate figures.
 For example, these states have received a fairly constant 24% of their
real estate debt from commercial banks, since about 1960. These figures
range from Georgia and Tennessee highs of around 28% to the Louisiana low
of 17%. Yet Florida's typical percentage over this same time period is
11%, which although nearer the nation's average real estate lending from
commercial banks of about 14%, is much lower than its neighbors. A similar
situation is seen with non-real estate lending. Typically, between 42% to
45% of short term loans in the sixth district (excluding Florida) have come
from commercial banks since 1970, and this proportion has increased slightly
since 1960. However, the Florida proportion has declined since this date
from 43% to about 34% in 1977 and 25% in 1979. To put these figures in some
perspective, the U.S. average is 63%, showing that loans from commercial
banks in the sixth district including or excluding Florida, provide a smaller
proportion of non-real estate debt than in the rest of the nation.