# Farmer Mac

> Farmer Mac is a publicly traded, federally chartered secondary market company that purchases eligible loans, provides guarantees and supplies wholesale financing to lenders serving American agriculture and rural infrastructure. It connects those institutions to capital markets rather than originating loans directly to rural borrowers.

- **Founded:** 1988
- **Headquarters:** Washington, United States
- **Founders:** United States Congress (Chartering body; created by legislation signed January 6, 1988)
- **Products:** Farm & Ranch Loan Purchase, USDA-Guaranteed Loan Purchase, Credit Protection / LTSPC, AgVantage, Corporate AgFinance
- **Notable:** Outstanding business volume reached $37.2 billion at June 30, 2026., Reported ten consecutive years of record annual core earnings through 2025; core earnings are non-GAAP., Completed its seventh agricultural mortgage securitization in December 2025.

## Products & services

- **Farm & Ranch Loan Purchase** — Purchases eligible agricultural real estate loans; supports fixed-rate, adjustable-rate and long-term structures through approved sellers.
- **USDA-Guaranteed Loan Purchase** — Purchases eligible USDA-guaranteed loan portions, including Farm Service Agency and Rural Development program loans.
- **Credit Protection / LTSPC** — Long-term standby purchase commitments allow participating lenders to retain loans while transferring specified credit exposure under contractual terms.
- **AgVantage** — Wholesale financing through obligations collateralized by eligible loans.
- **Corporate AgFinance** — Customized secondary-market financing for lenders to larger agricultural and food supply chain businesses.
- **Power & Utilities** — Secondary-market loan purchases and funding supporting cooperative lenders and eligible power infrastructure.
- **Renewable Energy** — Eligible solar, wind, storage and related rural infrastructure financing through cooperative lenders.
- **Broadband Infrastructure** — Secondary-market capital for eligible communications infrastructure, including construction and long-term financing.
- **Agricultural mortgage-backed securities** — Pools agricultural mortgages into securities with differing risk and cash-flow characteristics.
- **Farmer Mac Loan Exchange (FLX)** — Farm & Ranch loan platform launched in July 2026.
- **Loan servicing** — Servicing services include loans not owned by Farmer Mac.

## Achievements

- Outstanding business volume reached $37.2 billion at June 30, 2026.
- Reported ten consecutive years of record annual core earnings through 2025; core earnings are non-GAAP.
- Completed its seventh agricultural mortgage securitization in December 2025.
- Listed on the New York Stock Exchange in 1999.

## Latest updates

- **2026-08** — Named Nader Pasdar Chief Business Officer, effective August 17.
- **2026-07** — Reported Q2 net income attributable to common stockholders of $58.9 million; launched FLX in the week of July 30.
- **2026-07** — Zachary N. Carpenter became CEO July 1; Bradford T. Nordholm transitioned to senior advisor with the honorary CEO Emeritus title through September 30.
- **2026-05** — Issued $100 million of Series I preferred stock.

## Links

- Website: https://www.farmermac.com/
- LinkedIn: https://www.linkedin.com/company/farmer-mac
- Twitter/X: https://twitter.com/farmermacnews/
- YouTube: https://www.youtube.com/@farmermacnews
- Facebook: https://facebook.com/farmermacnews

---

Profile page: https://yespress.io/farmer-mac
Published by YesPress — https://yespress.io
Last updated: 2026-10-23