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Federal Agricultural Mortgage Corp (NYSE:AGM)

66.10
Delayed Data
As of Aug 23
 -0.34 / -0.51%
Today’s Change
37.84
Today|||52-Week Range
74.01
+15.42%
Year-to-Date
SECTOR
Finance
INDUSTRY
Finance/Rental/Leasing
MARKET CAP
$602.8M

Company Description

Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation. The company 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 the following segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & 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. The Institutional Credit segment engages in the credit line of business. Federal Agricultural Mortgage was founded in 1987 and is headquartered in Washington, DC.

Contact Information

Federal Agricultural Mortgage Corp.
1999 K Street NW
Washington District Of Columbia 20006
P:(800) 879-3276
Investor Relations:

Employees

Shareholders

Other institutional42.78%
Mutual fund holders34.43%
Individual stakeholders15.93%

Top Executives

Timothy L. BuzbyPresident & Chief Executive Officer
R. Dale LynchChief Financial Officer, Treasurer & Executive VP
Stephen P. MullerySecretary, Senior Vice President & General Counsel
Christopher BohanonVice President-Corporate Relations
John Curtis CovingtonSenior Vice President-Agricultural Finance