Farmer Mac


Also found in: Acronyms.

Federal Agricultural Mortgage Corporation (Farmer Mac)

A federal agency chartered in 1988 to provide a secondary market for farm mortgage loans.

Farmer Mac

Informal for Federal Agricultural Mortgage Corporation. A publicly-traded company chartered by the U.S. Congress to provide a secondary market for mortgages granted for agricultural real estate and rural housing. In order to do this, it buys mortgages and repackages them, selling them as mortgage-backed securities. Farmer Mac was established to make real estate easier to purchase for farmers, ranchers, and rural citizens. It was established in 1988. See also: Farm Credit System, Fannie Mae, Freddie Mac.

Farmer Mac

A nickname for the Federal Agricultural Mortgage Corporation (FAMC).

References in periodicals archive ?
0 billion None lending Exempt from SEC Yes Yes registration Profits exempt from Yes Yes federal taxes Farmer Mac Sallie Mae [5] Status Privately owned Privately owned by shareholders by shareholders.
Overall, Barry and Ellinger believed the best solution would be to keep the FCS and Farmer Mac focused on agriculture while using a rechartered FHLB system to provide funds for a broader range of rural community lending.
The current rating on the Farmer Mac Trust is based solely on the financial strength of MetLife to fulfill its obligations under its guaranty.
The Farmer Mac Trusts are structured vehicles secured by a pool of agricultural mortgages.
AM: How was Farmer Mac founded and what is its history?
Bill Kroll, executive vice president of ABA s Corporation for American Banking, commented With this agreement, our members will continue to have better access to Farmer Mac and the benefits that the secondary market for agricultural mortgages can bring to their customers.
NEW YORK -- Fitch Ratings has downgraded the following Farmer Mac Guaranteed Notes Trust transactions (Farmer Mac Trusts):
Farmer Mac also stated that it will release its financial results for the fiscal quarter ending 30 June 2017, on 9 August 2017 before the opening of equity markets.
Farmer Mac expects to list the new series of preferred stock on the New York Stock Exchange under the symbol 'AGM PR B.
The agency will assist Farmer Mac with strategic marketing, communications and branding initiatives that support its mission of providing liquidity and financial tools to lenders who serve rural customers.
Other institutions such as Farmer Mac, Small Business Administration and state governments also provide loan guarantees for beginning farmers, but FSA is by far the largest provider of this type of program.
Farmer Mac Guaranteed Notes Trusts are structured vehicles secured by a pool of agricultural mortgages.