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.
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.
