Federal Agricultural Mortgage Corporation

Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a federally chartered organization dedicated to serving the agricultural sector through providing a secondary market for agricultural loans. Its primary function is to expand access to agricultural credit, thus enhancing the liquidity and stability of agricultural lenders across the United States. Farmer Mac operates by purchasing and pooling qualified agricultural and rural loans, as well as guaranteeing mortgage-backed securities, allowing lenders to manage risk and free up capital for further lending to the farming community. This support contributes significantly to the sustainability and development of the agricultural sector, impacting farmers, rural infrastructure, and the broader agricultural finance market. The corporation's activities play a crucial role in promoting the economic welfare of rural America by facilitating the flow of capital to enhance agricultural productivity and rural development.