0 billion None lending Exempt from SEC Yes Yes registration Profits exempt from Yes Yes federal taxes Farmer Mac
Sallie Mae  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.
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.
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.
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.