Federal Agricultural Mortgage Corporation AGMA

Company Overview

The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a publicly traded, federally chartered corporation that operates as a government-sponsored enterprise (GSE). The company provides a secondary market for agricultural and rural housing mortgage loans, enabling lenders to increase liquidity and manage risk while supporting the availability of credit in rural America. Farmer Mac operates primarily within the agricultural finance, rural utilities, and rural housing sectors.

Farmer Mac’s core business involves purchasing, guaranteeing, and securitizing qualified loans related to agriculture, agribusiness, rural infrastructure, and rural residential housing. Its customers include agricultural banks, commercial banks, insurance companies, credit unions, and other financial institutions. Established by Congress in 1988 under the Agricultural Credit Act, the company was created to improve the availability of long-term credit for farmers, ranchers, and rural communities. Over time, Farmer Mac expanded beyond traditional farm real estate loans into rural utilities, infrastructure, and USDA-guaranteed lending, strengthening its role as a specialized liquidity provider in underserved credit markets.