Federal Agricultural Mortgage Corporation: Record Growth Meets Billion-Dollar Needs in Rural Areas

The Federal Agricultural Mortgage Corporation, better known as Farmer Mac, is a government-sponsored, publicly traded financial institution aimed at strengthening the credit supply for US agriculture and rural areas. The company purchases agricultural and infrastructure loans from banks and other financiers, partially pooling them into securities or holding them on its own balance sheet. This provides lenders with additional liquidity, allowing them to extend new loans to farmers, agricultural businesses, and operators of energy, utilities, and...