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Questions About
Recent Issuance?
Our team of experts can answer any questions regarding debt activity.
Debt Activity
Farmer Mac issues debt securities daily to purchase eligible loans and guaranteed securities, as well as liquidity investments which comply with policies adopted by our Board of Directors and FCA regulations.
Debt Issuance
$ IN MILLIONS
DISCOUNT
NON-CALLABLE BONDS
FIXED
FLOATING
OTHER
RETAIL
CALLABLE BONDS
FIXED
FLOATING
OTHER
RETAIL
TOTAL
2026
January
$6,252
$369
$430
$0
$0
$943
$0
$0
$0
$7,994
February
$5,838
$206
$485
$0
$0
$809
$200
$0
$0
$7,053
March
$7,086
$508
$305
$0
$0
$626
$25
$0
$0
$8,550
April
$6,725
$856
$110
$0
$0
$701
$50
$0
$0
$8,442
May
$6,938
$648
$460
$0
$0
$472
$25
$0
$0
$8,543
2025
All Months
$76,783
$4,700
$4,052
$0
$0
$4,463
$250
$0
$0
$90,221
2024
All Months
$59,282
$3,082
$1,778
$0
$0
$3,695
$0
$0
$0
$68,377
2023
All Months
$49,401
$4,401
$1,330
$0
$0
$2,539
$0
$0
$11
$57,682
2022
All Months
$52,486
$6,253
$833
$0
$0
$1,876
$0
$80
$0
$61,528
2021
All Months
$61,114
$6,671
$1,308
$0
$0
$3,067
$45
$93
$0
$72,298
2020
All Months
$68,558
$3,971
$5,573
$0
$0
$3,975
$0
$0
$0
$82,077
2019
All Months
$64,685
$3,511
$3,966
$0
$14
$2,686
$0
$0
$24
$74,866
2018
All Months
$41,756
$3,401
$3,587
$0
$21
$655
$0
$0
$34
$49,454
2017
All Months
$51,998
$4,815
$2,852
$0
$0
$907
$0
$0
$32
$60,604
2016
All Months
$95,063
$2,978
$3,258
$0
$4
$244
$0
$0
$38
$101,586
2015
All Months
$97,149
$1,776
$194
$0
$38
$449
$500
$1420
$0
$101,526
Debt Issuance
$ in Millions
Discount
Non-Callable Bonds
FIXED
FLOATING
OTHER
RETAIL
CALLABLE BONDS
FIXED
FLOATING
OTHER
RETAIL
TOTAL
5/31/2026
$1,960
$13,394
$5,983
$0
$35
$11,850
$595
$60
$1
$33,878
4/30/2026
$1,798
$13,085
$5,675
$0
$35
$11,640
$570
$60
$1
$32,864
3/31/2026
$2,086
$12,725
$5,640
$0
$39
$11,246
$520
$60
$1
$32,317
2/28/2026
$2,087
$12,493
$5,566
$0
$39
$10,854
$495
$60
$1
$31,594
1/31/2026
$2,239
$12,757
$5,236
$0
$39
$10,542
$295
$60
$1
$31,168
12/31/2025
$2,637
$13,028
$4,862
$0
$39
$9,934
$295
$60
$1
$30,855
12/31/2024
$2,188
$13,072
$3,723
$0
$45
$8,424
$45
$60
$1
$27,558
12/31/2023
$1,769
$14,531
$2,604
$0
$50
$7,466
$45
$173
$1
$26,639
12/31/2022
$568
$15,920
$2,326
$0
$59
$5,918
$45
$173
$1
$25,020
12/31/2021
$2,168
$12,724
$3,226
$0
$77
$4,442
$45
$93
$1
$22,776
12/31/2020
$1,798
$9,231
$7,326
$0
$77
$3,375
$0
$0
$1
$21,808
12/31/2019
$2,200
$8,403
$5,881
$0
$77
$2,485
$0
$0
$60
$19,106
12/31/2018
$1,595
$8,645
$4,554
$0
$63
$1,308
$0
$0
$104
$16,269
12/31/2017
$1,730
$8,681
$3,829
$0
$42
$1,189
$0
$0
$70
$15,542
12/31/2016
$3,797
$3,252
$500
$0
$4
$336
$0
$0
$38
$13,678
12/31/2015
$6,653
$5,685
$309
$0
$38
$685
$725
$0
$0
$14,095