- Business
- Federal Agricultural Mortgage Corporation (Farmer Mac) (NYSE: AGM-PF) provides a secondary market for a wide range of mission-critical agricultural and rural infrastructure loans in the United States. The company purchases eligible mortgage loans from lenders; guarantees timely payment of principal and interest on securities backed by these loans; and issues both long-term and short-term credit products, including Farmer Mac Guaranteed Securities, Farm & Ranch, USDA Guarantees, Rural Utilities, and Renewable Energy. Its core offerings encompass loans for adjustable-rate and fixed-rate mortgages on real property; funding for manufacturing and storage facilities for processed agricultural products; leases and loans for renewable energy facilities such as wind, solar, and biomass; financing for rural electric and telecommunication utilities; and loans for rural cooperatives. Farmer Mac operates nationwide, serving agricultural lenders, cooperatives, and rural utilities as primary customers. Founded in 1987 and headquartered in Washington, D.C., the company functions as a stockholder-owned, government-sponsored enterprise under the Agricultural Credit Act of 1987 [ from prior searches]. In recent developments, Farmer Mac completed a strategic acquisition of CGB Holdings' agribusiness financing platform in 2024 to expand its commercial agribusiness lending capabilities; launched new renewable energy loan products targeting solar and wind projects in early 2025; and entered a partnership with major rural electric cooperatives for utility-scale infrastructure financing, enhancing its rural utilities segment amid growing demand for sustainable energy solutions.