Federal Agricultural Mortgage Corporation (NYSE: AGM.A), commonly known as Farmer Mac, is a congressionally chartered government-sponsored enterprise that provides a secondary market for agricultural mortgage loans and rural housing loans. It purchases, guarantees, and securitizes qualified loans originated by agricultural lenders, helping to ensure liquidity and stability in the rural credit market.
The company offers a variety of loan purchase and guarantee programs tailored to farmers, ranchers, agribusinesses, and rural homeowners, including traditional agricultural real estate mortgage loans, rural housing loans, and specialized credit products. By packaging these assets into securities, Farmer Mac allows lenders to replenish capital and extend more credit to rural borrowers.
Federal Agricultural Mortgage also issues guaranteed mortgage-backed securities, bonds, and structured notes, backed by pools of eligible agricultural and rural loans. These instruments attract investors seeking exposure to the rural economy while benefiting from the company’s guarantee of timely principal and interest payments.
Through its commitment to supporting agricultural producers and rural communities, Farmer Mac plays a key role in fostering long-term growth and financial resilience across the U.S. agricultural sector.
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