Federal Agricultural Mortgage Corporation (Farmer Mac), founded in 1988 and headquartered in Washington, D.C., serves to enhance the economic viability of rural America by providing a secondary market for agricultural real estate financing and rural infrastructure loans. Its key offerings include mortgage-backed securities, bond issuances, and loan guarantees tailored to agricultural producers, rural utilities, and agribusinesses.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Farmer Mac began issuing bonds in 1988, with significant milestones including a notable surge in bond issuances in response to the 2008 financial crisis, aimed at bolstering rural lending. As of October 2023, their bond yields are competitive within the industry, often reflecting attractive spreads over Treasury securities. Noteworthy is Farmer Mac's issuance of Green Bonds, which are aligned with environmentally sustainable projects, illustrating their commitment to supporting initiatives that benefit rural agriculture while adhering to modern investment priorities.