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About Farmer Mac

Created in 1988, the Federal Agricultural Mortgage Corporation, or Farmer Mac, provides a secondary market for agricultural real estate mortgage loans, rural housing loans, and rural cooperative loans.

It enhances the ability of lenders to efficiently offer competitive financing to rural borrowers and farmland investors. It increases the availability of long-term credit at stable interest rates for America's rural communities, and it provides greater liquidity and lending capacity for lenders to farmers and ranchers.

As a stockholder-owned, federally chartered corporation, Farmer Mac combines private capital and public sponsorship to serve its mission. These are Farmer Mac's primary activities:

Securities guaranteed by Farmer Mac may be retained by the seller of the underlying loans, retained by Farmer Mac, or sold to third-party investors.

Although Farmer Mac is an institution of the Farm Credit System, it is not liable for any debt or obligation of any other System institution. Likewise, no other System institution is liable for any debt or obligation of Farmer Mac.

Lines of business

Farmer Mac offers two lines of business:

For a five-year overview of Farmer Mac's financial condition and performance, see Financial data for Farmer Mac.

Loans eligible for Farmer Mac's secondary market

These are the types of loans that are eligible for Farmer Mac’s secondary market:

Page updated: April 13, 2022