Federal Agricultural Mortgage C

Ticker(s):

AGM, AGM-A, AGM-PD, AGM-PE, AGM-PF, and AGM-PG

Country:

Sector & Industry:

,
Business Overview

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through seven segments: Farm & Ranch, Corporate AgFinance, Power & Utilities, Broadband Infrastructure, Renewable Energy, Funding, and Investments. The company is involved in a line of agricultural finance business, including purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in, or obligations secured by pools of eligible loans; servicing eligible loans; and issuing long-term standby purchase commitments for designated eligible loans. It also engages in the purchasing and guaranteeing of securities issued by lenders and other financial institutions that are secured by pools of eligible loans, loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and loans to rural electric generation and transmission cooperatives and distribution cooperatives, as well as AgVantage securities secured by those types of loans. Federal Agricultural Mortgage Corporation was incorporated in 1987 and is headquartered in Washington, the District of Columbia.

Contact & Other Information

Number of Employees:

191

2100 Pennsylvania Avenue NW
Suite 450N
Washington

,

DC

,

20037
United States
202 872 7700
02/21/2025 | 10-K | 0000845877-25-000033 |

Farmer Mac’s 2024 financial performance shows a slight increase in net income, driven by higher interest income and tax benefits, offset by increased expenses and provisions for credit losses. The company maintains a strong capital position and operates within regulatory requirements, but faces risks related to credit quality, interest rates, and market conditions.

02/21/2025 | 8-K | 0000845877-25-000032 |

Farmer Mac announced its 2024 financial results, including an 8% increase in net interest income and a 7% increase in the quarterly common stock dividend, and discussed its outlook for 2025.