Federal Agricultural Mortgage CorpAGM
What Federal Agricultural Mortgage Corp does.
Farmer Mac is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. Congress has charged Farmer Mac, in our charter, with the mission of providing a secondary market for a variety of loans made to borrowers in rural America. A secondary market is an economic arrangement in which the owners of financial assets, such as the originators of loans, may sell all or part of those assets or pay a fee to offset some or all of the inherent risks of holding the assets. To fulfill our mission to increase the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, our secondary market activities include:
• purchasing eligible loans directly from lenders, including participation interests, syndicated notes, revolving and non-revolving credit facilities, and unfunded loan commitments. "Eligible Loans" include obligations which are: secured by a first lien mortgage on real estate used in agricultural production or processing, including part-time farms and rural housing loans; agricultural and rural development loans guaranteed by the United States Department of Agriculture ("USDA"); and loans by lenders organized as cooperatives to finance electrification and telecommunications facilities, including broadband and middle mile broadband infrastructure, and renewable energy projects in rural areas;
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $213.9M | $245.0M | $309.6M | $351.1M | $375.1M | $408.4M |
| Net income | $114.4M | $136.1M | $178.1M | $200.0M | $207.2M | $207.4M |
| Free cash flow | — | — | $809.3M | $375.8M | $607.4M | $80.1M |
More on AGM.
- Federal Agricultural Mortgage Corp summary
- Federal Agricultural Mortgage Corp financial statements
- Federal Agricultural Mortgage Corp key metrics
- Federal Agricultural Mortgage Corp health scores and style box
- Federal Agricultural Mortgage Corp earnings
- Federal Agricultural Mortgage Corp dividends
- Federal Agricultural Mortgage Corp valuation
- Federal Agricultural Mortgage Corp ownership and insiders
- Federal Agricultural Mortgage Corp peers
Figures from Federal Agricultural Mortgage Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.