Federal Agricultural Mortgage Corp (NYSE:AGM)

32.35
Delayed Data
As of Apr 24
 +0.41 / +1.28%
Today’s Change
26.12
Today|||52-Week Range
35.90
+6.62%
Year-to-Date
SECTOR
Finance
INDUSTRY
Finance/Rental/Leasing
MARKET CAP
$304.3M

Company Description

Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation that provides a secondary market for agricultural real estate and rural housing mortgage loans, rural utilities loans, and loans guaranteed by the United States Department of Agriculture. It combines private capital and public sponsorship to serve a public purpose. The company operates through three segments: Farm and Ranch, USDA Guarantees and Rural Utilities. The Farm and Ranch segment engages in the mortgage loans secured by first liens on agricultural real estate, including part-time farms and rural housing. The USDA Guarantees segment provides agricultural and rural development loans guaranteed by the United States Department of Agriculture. The Rural Utilities segment engages in the business of loans made by lenders organized as cooperatives to finance electrification and telecommunications systems in rural areas. It provides liquidity and lending capacity to agricultural and rural utilities lenders by purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments for eligible loans. Federal Agricultural Mortgage was founded in 1987 and is headquartered in Washington, DC.

Contact Information

Federal Agricultural Mortgage Corp.
1999 K Street N.W.
Washington District Of Columbia 20006
P:(202) 872-7700
Investor Relations:

Employees

Shareholders

Other institutional43.43%
Mutual fund holders31.01%
Individual stakeholders15.52%

Top Executives

Timothy L. BuzbyPresident & Chief Executive Officer
Tom D. StensonChief Operating Officer & Executive Vice President
R. Dale LynchChief Financial Officer, Treasurer & Executive VP
Stephen P. MullerySecretary, Senior Vice President & General Counsel
John Curtis CovingtonSenior Vice President-Agricultural Finance

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