About Farmer Mac
Farmer Mac, officially known as the Federal Agricultural Mortgage Corporation, is a government-sponsored enterprise (GSE) that provides a secondary market for agricultural real estate and rural housing mortgage loans. Established in 1988, Farmer Mac aims to enhance the availability of credit for the agricultural sector and rural communities. The organization operates by purchasing loans from lenders, thereby providing them with liquidity to continue lending to farmers and rural homeowners. Farmer Mac's mission is to support the agricultural economy by ensuring that farmers and rural residents have access to affordable financing options. The company offers various products, including mortgage-backed securities and loan guarantees, which help to mitigate risks for lenders and promote investment in rural areas. With a focus on rural development, Farmer Mac plays a crucial role in stabilizing the agricultural market and supporting the financial needs of farmers across the United States.
Company facts
- Industry
- Financial Services
- Sub-industries
- Agricultural Finance, Mortgage Lending, Government-Sponsored Enterprises
- Location
- Washington, D.C., United States
- Employees
- 1–10
- Revenue (USD)
- <1M
Products and services
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