Farmer Mac Criticized For Hefty Pay Packages

WASHINGTON -- The Federal Agricultural Mortgage Corp. paid $1.3 million in salaries, bonuses, and benefits to six top executives in 1990 - a year in which the secondary-market agency for farm loans lost $2.2 million, paid no dividends, and pooled no loans.

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.