Total compensation for the four top executives of Farmer Mac fell 7.7% on average last year as the corporation posted its seventh consecutive annual loss.

Henry D. Edleman, president and chief executive of the Washington-based corporation, which has run into problems in its efforts to build a secondary market for farm loans, earned $335,000 in total compensation for 1994, down 8.27% from the prior year, according to Farmer Mac's proxy statement filed with the Securities and Exchange Commission.

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