Farmer Mac Company Research Report

Company Overview

Name

Company Name: Federal Agricultural Mortgage Corporation (Farmer Mac)

Mission

Mission Statement: Farmer Mac is driven by its mission to increase the accessibility of financing for American agriculture and rural infrastructure.

Founding

Founded: Charter was granted under the Agricultural Credit Act of 1987.

Founder: Initiated by the U.S. Congress in response to the national farm crisis of the 1980s.

Key People

President and CEO: Bradford T. Nordholm

Executive Vice President – Chief Business Officer: Zachary N. Carpenter

Executive Vice President – Chief Financial Officer and Treasurer: Aparna Ramesh

Senior Vice President – Operations: Robert J. Maines

Headquarters

Primary Address: 2100 Pennsylvania Ave NW Ste 450N, Washington, DC 20037

Secondary Address: 9169 Northpark Drive, Johnston, IA 50131

Employees

Number of Employees: No information available.

Revenue

Revenue: No information available.

Known For

Specialization: Providing financial solutions to a broad spectrum of customers supporting rural America, including agricultural lenders, agribusinesses, and rural electric cooperatives. They facilitate competitive access to financing, aiding the growth and prosperity of America’s rural communities through loan products.

Products

Offered Products

1. AgPower Loan Origination Program

Description: Streamlines loan submission processes with an average turnaround time of under two days.

Key Features: Ease of use, time efficiency, competitive rates.

2. Farm & Ranch Loan Purchase

Description: Offers opportunities for agricultural lenders to sell loans on a secondary market.

Key Features: Capital and liquidity management, portfolio diversification opportunities.

3. Farm & Ranch Credit Protection

Description: Provides risk management tools to help lenders free up capital and reduce credit risk.

Key Features: Enhanced credit security for lenders.

4. USDA Guaranteed Loan Purchase

Description: Purchases USDA guaranteed loans from lenders to support agricultural operations.

Key Features: Backed by federal guarantees, aids in smoother loan processes.

5. Wholesale Financing

Description: Custom solutions for organized cooperatives needing capital for expansion or infrastructure projects.

Key Features: Flexible, suitable for large-scale infrastructure endeavors.

Recent Developments

Company Developments

New Headquarters: In August 2024, Farmer Mac unveiled a new headquarters, embracing innovative workspace designs.

New Products

No information is available.

New Features

No information is available.

Partnerships

No information is available.

Conclusion

Farmer Mac remains pivotal in facilitating financial solutions for rural and agricultural development in the United States. With a keen focus on increasing the accessibility of financing, its various loan products and financial innovations substantially contribute to the prosperity of rural communities and infrastructure.