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Encyclopedia > Farmer Mac

Farmer Mac or the Federal Agricultural Mortgage Corporation (NYSE: AGM (http://www.nyse.com/about/listed/lcddata.html?ticker=AGM)) is a stockholder-owned, publicly-traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in agricultural loans such as mortgages for agricultural real estate and rural housing. The company purchases loans from agricultural lenders, and sells instruments backed by those loans. The company also works with the United States Department of Agriculture.

See also

External links

  • Farmer Mac home page (http://www.farmermac.com/)

  Results from FactBites:
Farmer Mac Reports Second Quarter Results (3915 words)
Farmer Mac is required to hold capital at the higher of the statutory minimum capital requirement or the amount required by the RBC test.
Farmer Mac's total provision for losses was $1.6 million for second quarter 2004, compared to $1.6 million for first quarter 2004 and $1.9 million for second quarter 2003.
Farmer Mac believes there are good and sufficient reasons the proposed regulation should not be adopted in its current form and, as part of the formal rule-making process, will provide written comments to FCA setting forth those reasons.
Farmer Mac's troubled start - Federal Agricultural Mortgage Corporation; weak loan demand; market looks small; most ... (962 words)
Farmer Mac's troubled start is the result of a complex mix of economic and structural factors.
Farmers' demand for land was strong during the 1970's and early 1980's.
Farmers are now more cautions about assuming new debt to purchase land, and continue to shed debt accumulated in past years.
  More results at FactBites »



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