After 11 years of operation, the Federal Agricultural Mortgage Corp., better known as Farmer Mac, has captured only 1.2% market share, according to a report by the General Accounting Office.

Farmer Mac, a quasi-government agency, creates a secondary market for agricultural mortgages by bundling loans it purchases and selling them to investors. It was designed to make more credit available in rural areas.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.