The Federal Agricultural Mortgage Corporation: Providing a Boost to America's Farmers The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, has been quietly supporting America's farmers for more than three decades. The company provides a secondary market for various loans made to borrowers in the United States through its Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy segments. In its Agricultural Finance line of business, the company purchases and retains eligible loans and securities and guarantees the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans. It also services eligible loans and issues LTSPCs for eligible loans. Meanwhile, its Rural Infrastructure Finance line of business is involved in purchasing rural utilities loans and renewable energy loans and guarantees of securities backed by loans. It also issues LTSPCs for pools of eligible rural utilities loans, loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers, and other financial institutions that are secured by pools of eligible loans. Since its founding in 1987, the company has been headquartered in Washington, D.C., and has been helping to support the agricultural industry by providing much-needed access to capital for farmers and ranchers across the country. With a strong commitment to rural infrastructure development and renewable energy initiatives, Farmer Mac is poised to continue making a meaningful impact on the American farming landscape for years to come.
Federal Agricultural Mortgage's ticker is AGM
The company's shares trade on the NYSE stock exchange
They are based in Washington, District of Columbia
There are 51-200 employees working at Federal Agricultural Mortgage
It is farmermac.com
Federal Agricultural Mortgage is in the Financial sector
Federal Agricultural Mortgage is in the Credit Services industry
The following five companies are Federal Agricultural Mortgage's industry peers:
- The PNC Financial Services Group