Farmer Mac

AGM NYSE
72.95
-0.76
-1.03%
Closed 16:50 05/17 EDT
Open
73.02
Prev Close
73.71
High
74.07
Low
72.03
Volume
29.05K
Avg Vol (3M)
38.62K
52 Week High
99.11
52 Week Low
55.64
% Turnover
0.27%
Market Cap
779.76M
1D
5D
1M
3M
1Y
5Y

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Company Profile

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company's segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans. The loans eligible for the secondary market provided by Farmer Mac include mortgage loans secured by first liens on agricultural real estate, including part-time farms and rural housing (comprising the assets eligible for the Farm & Ranch line of business).
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