The Federal Agricultural Mortgage Corporation
The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, was created by Congress to establish a secondary market for agricultural mortgage and rural utilities loans to increase the availability of long-term credit at stable interest rates to segments of rural America. As a stockholder-owned, publicly-traded corporation, Farmer Mac, along with its subsidiary Farmer Mac II, LLC., conducts these activities through three programs - - Farmer Mac I, Farmer Mac II and Rural Utilities. Farmer Mac is not a direct lender, instead working with lenders that work directly with borrowers throughout the United States. The Corporation’s headquarters are in Washington, D.C.; it has an underwriting office in Johnston, IA.
Keeping Up with Dr. Kohl
Dr. David Kohl, professor emeritus at Virginia Tech, is a well known and respected leader in the world of agricultural finance. As a contributor to the “Farmer Mac Almanac,” Dr. Kohl provides his insight and outlook through his regular column, “Dave’s GPS,” and his “Dashboard” of economic indicators.
Welcome to his current bi-monthly edition where Dr. Kohl summarizes the highlights of the ABA National Agricultural Bankers Conference in Minneapolis this past November.
Join us on March 12th at 12:00 PM ET for Farmer Mac Refresh: Farmer Mac’s Purchase Commitment Program – LTSPC Flex . Register Now!
Benefits for lenders include the ability to:
- Retain and build customer relationships through competitive loan products, including long-term fixed rate products
- Maintain market presence through an expanded array of loan products
- Enhance returns through fee income
- Reduce or eliminate credit risk and interest rate risk from lending activity
- Renew liquidity for additional lending
Benefits for borrowers include:
- Availability of funds in good times and bad
- Competitively-priced loans
- Long-term fixed rate options
Farmer Mac Current Events
Farmer Mac’s Calendar of Events includes a variety of important dates: marketing workshops and webinars, dates of regular earnings releases and associated investor conference calls and holiday schedules. New events are added to the list as they are scheduled during the year.