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Federal Agric Mtg Corp - AGM STOCK NEWS

Welcome to our dedicated page for Federal Agric Mtg news (Ticker: AGM), a resource for investors and traders seeking the latest updates and insights on Federal Agric Mtg stock.

Overview

Federal Agricultural Mortgage Corp (AGM) serves as a critical liquidity provider within the secondary market, specializing in agricultural and rural housing mortgage loans. As a government-sponsored enterprise, the company is integral to ensuring that farmers, ranchers, rural homeowners, and infrastructure projects receive access to long-term credit. By purchasing eligible, first-lien mortgage loans and engaging in sophisticated swap transactions involving loan-backed securities, AGM creates a robust mechanism that bridges the needs of primary lenders with secondary market financing.

Business Model and Core Operations

At its core, Federal Agric Mtg Corp operates by acquiring eligible mortgage loans from financial institutions. These loans, secured by agricultural real estate and rural housing collateral, are then repackaged and exchanged for liquidity through a secondary market that is reinforced by swap transactions and structured financing mechanisms. This operational structure enables the company to mitigate risks and reduce interest rate exposure via advanced derivative instruments, all while maintaining disciplined asset-liability management.

Diversified Segments and Strategic Markets

The company is uniquely diversified across several strategic segments:

  • Farm & Ranch: Focuses on purchasing loans secured by agricultural properties to support traditional farming and ranching activities.
  • Corporate AgFinance: Caters to financing requirements of larger agribusiness entities and related corporate needs.
  • Power & Utilities: Involves financing in the rural utilities space, encompassing energy and power solutions critical to rural infrastructure.
  • Broadband Infrastructure: Addresses financing for enhancing connectivity in remote regions, a key driver of modern rural development.
  • Renewable Energy: Supports renewable energy projects that contribute to sustainable rural economic growth.
  • Funding and Investments: Emphasizes additional capital relief measures and innovative financing solutions designed to broaden credit accessibility.

Market Position and Significance

Federal Agric Mtg Corp has positioned itself as an essential component of the nation’s financial ecosystem for agriculture and rural infrastructure. The company's secondary market operations enhance the liquidity of primary lenders, enabling them to extend more credit to underserved markets. Through its strategic acquisition of mortgage loans and the exchange of loan-backed securities, AGM ensures that rural areas have a stable foundation for growth and development. This function not only strengthens financial stability in rural sectors but also helps maintain competitive financing conditions in markets that support American agriculture and related industries.

Industry-Specific Insights and Operational Excellence

AGM’s operations are grounded in an understanding of complex financial instruments and risk management techniques. The use of swap transactions to manage interest rate risks and the careful calibration of asset-liability management demonstrate deep industry expertise. Furthermore, the company’s operational practices focus on maintaining liquidity, even when market conditions fluctuate, thereby ensuring efficient capital circulation. This expert approach emphasizes tailored solutions for various market segments, underlining its significance within the competitive landscape of government-sponsored enterprises and secondary market financing.

Commitment to Supporting Rural America

Beyond its role as a liquidity provider, Federal Agric Mtg Corp is committed to bolstering the economic framework of rural communities. The company’s activities facilitate the flow of capital necessary for building and maintaining essential agricultural, residential, and utility infrastructures. By fostering a stable secondary market, AGM not only reduces credit risks for lenders but also promotes sustainable growth across America’s heartland.

Conclusion

Federal Agricultural Mortgage Corp embodies a sophisticated integration of financial expertise and public policy objectives. Its diverse operations, spanning conventional agricultural lending to modern infrastructure financing, reflect a balanced approach to managing risk, enhancing liquidity, and supporting rural development. Investors and stakeholders can appreciate the robust structure of the company, which leverages both traditional and innovative financing methodologies to serve a crucial segment of the U.S. economy.

Rhea-AI Summary

Farmland Partners Inc. (NYSE: FPI) has announced the appointment of Dr. Bruce Sherrick to its Board of Directors, effective July 23, 2024. Dr. Sherrick, a renowned agricultural economist and farmland expert, brings extensive experience in agricultural economics, farmland investment, and public company board service. He currently holds the Marjorie and Jerry Fruin Professorship at the University of Illinois and runs the TIAA-CREF Center for Farmland Research. Dr. Sherrick's expertise includes credit risk assessment, farmland investment performance tracking, and agricultural finance. His appointment is expected to provide valuable economic insights and a unique perspective to FPI's board, potentially strengthening the company's operational performance and future planning.

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Farmer Mac (NYSE: AGM and AGM.A), the secondary market provider enhancing financing accessibility for American agriculture and rural infrastructure, has announced the release of its Q2 2024 financial results on August 5, 2024, after market close. A conference call to discuss the results is scheduled for 4:30 p.m. eastern time on the same day.

Investors can access the call via phone or webcast. The call will also be available for replay on Farmer Mac's website. As a secondary market for agricultural and rural infrastructure credit, Farmer Mac supports a broad spectrum of customers in rural America, including agricultural lenders, agribusinesses, and rural electric cooperatives.

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Farmer Mac (NYSE: AGM, AGM.A) has been awarded the 2024 Top Workplaces recognition by The Washington Post. This honor is based on an independent survey of employee engagement and sentiment, with Farmer Mac being recognized for its exceptional workplace culture. This is the 12th time Farmer Mac has received an award from the Top Workplaces program, including two national awards and multiple cultural excellence accolades. CEO Bradford T. Nordholm and Chief HR Officer Kerry Willie emphasized the importance of employee dedication and a supportive workplace culture in achieving this recognition.

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Farmer Mac (NYSE: AGM) announced plans to redeem all 3,000,000 shares of its 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C. The redemption price is set at $25.00 per share, plus any declared and unpaid dividends until the redemption date of July 18, 2024. Post-redemption, dividends will cease to accrue on these shares. The shares are held in book-entry form through The Depository Trust Company (DTC), and the redemption process will follow DTC's procedures. Equiniti Trust Company will act as the transfer agent for the redemption.

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On May 16, 2024, Farmer Mac (NYSE: AGM and AGM.A) announced the election of Jeffrey L. Plagge and Kevin G. Riel to its board of directors. Plagge, with extensive banking experience, and Riel, a hop farmer and financial institution board member, replace Dennis Brack and Everett Dobrinski. Board Chair Lowell L. Junkins emphasized their contributions to Farmer Mac's mission of enhancing rural America's financial accessibility. Plagge and Riel expressed enthusiasm for their roles, aiming to leverage their expertise to support Farmer Mac's objectives. Additional details are in Farmer Mac's 2024 proxy statement on their website.

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Farmer Mac's board of directors has announced a second quarter dividend of $1.40 per share for its common stockholders, payable on June 28, 2024. The dividend pertains to Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock, and Class C Non-Voting Common Stock (NYSE: AGM). Additionally, dividends for five classes of preferred stock have been declared, with payments scheduled for July 17, 2024.

Farmer Mac also plans to redeem all 3,000,000 shares of its Series C Preferred Stock (NYSE: AGM.PR.C) valued at $75 million. Holders will receive a written notice between 30 and 60 days before the redemption date, which will not affect the dividend payments declared for July 17, 2024.

Farmer Mac continues its mission to provide accessible financing to American agriculture and rural infrastructure, supporting various customers including agricultural lenders and rural electric cooperatives.

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Farmer Mac reported strong first-quarter 2024 results with outstanding business volume of $28.8 billion. The company provided $1.4 billion in liquidity, saw a 9% increase in net interest income, and achieved 17% growth in net income. Farmer Mac maintained a solid capital position and core earnings grew by 12%. The company's performance reflects its commitment to rural America and stockholder value.

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Farmer Mac, the Federal Agricultural Mortgage , will announce its first quarter 2024 financial results on May 6, 2024. The company aims to increase financing accessibility for American agriculture and rural infrastructure. Investors can join a conference call to discuss the results.
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Farmer Mac completes a $308.1 million securitization of agricultural mortgage loans, FARM Series 2024-1, showing strong investor demand and market reputation.
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Farmer Mac (AGM) announces a 27% dividend increase, showcasing outstanding business volume of $28.5 billion for the fiscal year 2023. The company reported significant growth in net interest income, net effective spread, and core earnings, with a strong financial position highlighted by a 15% Tier 1 Capital Ratio. The Board of Directors declared a 27% increase in the quarterly common stock dividend, marking the thirteenth consecutive annual raise. Farmer Mac also declared dividends on preferred stock. The company's strategic initiatives, asset-liability management decisions, and business development efforts have positioned it well for growth in 2024.
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FAQ

What is the current stock price of Federal Agric Mtg (AGM)?

The current stock price of Federal Agric Mtg (AGM) is $165.45 as of April 8, 2025.

What is the market cap of Federal Agric Mtg (AGM)?

The market cap of Federal Agric Mtg (AGM) is approximately 1.9B.

What does Federal Agricultural Mortgage Corp do?

Federal Agricultural Mortgage Corp, also known as Farmer Mac, provides secondary market liquidity by purchasing eligible mortgage loans related to agriculture, rural housing, and infrastructure.

Which sectors does the company serve?

The company services a diverse range of sectors, including traditional farming and ranching, corporate agribusiness, rural utilities, broadband infrastructure, and renewable energy projects.

How does AGM generate revenue?

AGM generates revenue by acquiring eligible loans and engaging in structured swap transactions involving loan-backed securities, thereby ensuring liquidity and efficient risk management.

What is the significance of the secondary market in AGM's operations?

The secondary market is crucial as it facilitates the recycling of capital, allowing primary lenders to extend further credit to rural and agricultural segments, which in turn supports sustainable development.

How does the company support rural communities?

AGM plays a pivotal role in enhancing credit accessibility for rural homeowners, farmers, and infrastructure projects, thereby enabling robust economic growth and community development in rural America.

Is Federal Agricultural Mortgage Corp a government-sponsored enterprise?

Yes, it is a government-sponsored enterprise designed by Congress to improve the availability of long-term credit for agricultural and rural sectors in the U.S.

What measures does AGM take to mitigate financial risks?

The company employs comprehensive asset-liability management practices and utilizes derivative instruments such as interest rate swaps to manage and mitigate financial risks effectively.

How does AGM differentiate itself from other financial institutions?

AGM distinguishes itself through its specialized focus on the secondary market for agricultural and rural mortgage loans, coupled with its diversified segment operations and deep expertise in managing rural credit risks.
Federal Agric Mtg Corp

NYSE:AGM

AGM Rankings

AGM Stock Data

1.89B
10.16M
1.48%
82.46%
1.4%
Credit Services
Federal & Federally-sponsored Credit Agencies
Link
United States
WASHINGTON