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The GSE believes it can offer community banks another source of revenue by originating and selling agricultural loans.
April 12 -
A growing number of community banks are working with Farmer Mac to offer loans at lower rates, helping them compete with Farm Credit institutions.
May 7
The Federal Agricultural Mortgage Corp. (AGM) plans to sell $75 million worth of preferred stock in a public offering.
The government-sponsored institution, better known as Farmer Mac, will use proceeds from the offering to improve its capital position, according to its Friday
Farmer Mac will sell shares at $25 each, according to the release. The offering is scheduled to close on March 25.
Farmer Mac, established by Congress in the Agricultural Credit Act of 1987, aims to provide a secondary market for agricultural loans.
