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 ?
Farmer Mac's board of directors has also declared a dividend on each of Farmer Mac's three classes of preferred stock.
Farmer Mac is tiny compared to other GSEs, and it has had problems carrying out its mission to develop secondary markets for farm loans.
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.
In Farmer Mac I (to distinguish it from later Farmer Mac programs), pools of income-producing mortgages in rural areas can be assembled by what are called Certified Facilities that purchase those mortgages from originating banks, thrifts or mortgage bankers.
Acknowledgments: The views expressed herein are those of the author and do not necessarily reflect the views of Farmer Mac.
Farmer Mac is the stockholder-owned company created to deliver capital and increase lender competition for the benefit of American agriculture and rural communities.
"While certain segments of agriculture are facing their challenges, the overall business environment remains favorable for Farmer Mac. Our Institutional Credit business is growing nicely and we continue to expand our customer base for our AgVantage funding products, including a new Farm Equity AgVantage customer this quarter and more in the pipeline.
A joint venture offering agriculture appraisal services nationwide is launched by Farmer Mac and Conterra Asset Management.
As FCA chair, Long Thompson will be responsible for policymaking, adopting regulations and overseeing the examination and regulation of the institutions that comprise the Farm Credit System (System), including the Federal Agricultural Mortgage Corporation (Farmer Mac).
In the late 1990s, GAO found that the Federal Agricultural Mortgage Corporation (Farmer Mac), a federal government-sponsored enterprise, had significant assets in nonmission investments and analyzed its long-term viability.
The Federal Agricultural Mortgage Corporation (Farmer Mac) announced on Friday that its board of directors approved a dividend of USD0.70 per share for the second quarter for each of the company's class A voting common stock (NYSE:AGM.A), class B voting common stock (not listed) and class C non-voting common stock (NYSE:AGM).
Acknowledgments: The views expressed herein are those of the authors and should not be attributed to Farmer Mac, the Economic Research Service, or the U.S.