During the third quarter 2015,
Farmer Mac added $522.
The $65 million in total financing will enable
Farmer Mac to strengthen its capital position and comply with its minimum regulatory capital requirements.
The current ratings on the
Farmer Mac Trusts are based solely on the financial strength of MetLife to fulfill its obligations under its guaranty.
This arrangement allows us to effectively expand our marketing efforts and expose more agricultural lending institutions to the benefits that
Farmer Mac can provide.
Farmer Mac is a stockholder-owned instrumentality of the United States chartered by Congress to establish a secondary market for agricultural real estate and rural housing mortgage loans and rural utilities loans and to facilitate capital market funding for USDA-guaranteed farm program and rural development loans.
8 million after-tax decrease in preferred dividend expense resulting from the redemption of
Farmer Mac II LLC Preferred Stock netted against the incremental preferred dividend costs incurred as part of the capital restructuring initiative.
One part of pursuing that aim is creating access to diverse funding sources like this transaction with
Farmer Mac.
Stenson's responsibilities to Curt Covington, Senior Vice President -- Agricultural Finance, who joined
Farmer Mac earlier this year, and to Dale Lynch, Executive Vice President and Chief Financial Officer.
NEW YORK -- Fitch rates
Farmer Mac Guaranteed Notes Trust 2006-2 (
Farmer Mac 2006-2) U.
In 1999,
Farmer Mac was listed in Fortune magazine as one of the &uot;100 Fastest Growing Companies in America.
2 million after-tax) loss on retirement of preferred stock from the write-off of deferred issuance costs upon the redemption of the
Farmer Mac II LLC Preferred Stock on March 30, 2015.
Robertson Stephens Financial Services Analyst Justin Hughes today initiated coverage of
Farmer Mac (NYSE:AGM) with a Buy rating.
