Executives of Farmer Mac, which has tried unsuccessfully for several years to create and support a secondary market for farm mortgages, say it finally has the firepower to get the job done.

Under legislation that President Clinton signed last week, Farmer Mac - formally known as the Federal Agricultural Mortgage Corp. - expects to roll out a securitization program to make it easier for rural banks to achieve liquidity in their loan portfolios.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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