Personal Finance

Federal Agricultural Mortgage : AGM

AGM

Stock Data

$183.47

$0.26 (0.14%)

Asset Type

Common Stock

Exchange

NYSE

Currency

USD

Country

USA

Sector

FINANCIAL SERVICES

Industry

CREDIT SERVICES

Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, plays a crucial role in the U.S. agricultural sector by providing a secondary market for various agricultural loans. This includes loans for farms, ranches, rural utilities, and renewable energy projects. Farmer Mac helps stabilize the agricultural finance system by buying loans, guaranteeing payments on securities, and offering long-term standby purchase commitments. Established in 1987 and based in Washington, D.C., Farmer Mac ensures that rural and agricultural communities have access to vital financing.