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AGM-PD| Name | Value |
|---|---|
| Revenues | 206.2M |
| Cost of Revenue | 0.0M |
| Gross Profit | 206.2M |
| Operating Expense | 22.6M |
| Operating I/L | 183.7M |
| Other Income/Expense | 1.3M |
| Interest Income | 396.3M |
| Pretax | 68.2M |
| Income Tax Expense | 14.5M |
| Net Income/Loss | 53.7M |
Federal Agricultural Mortgage Corporation operates as a secondary market for various loans in the United States. It has four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases, securitizes, and guarantees mortgage loans secured by agricultural real estate. The USDA Guarantees segment buys portions of agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment deals with loans for electric or telecommunications facilities, while the Institutional Credit segment guarantees and purchases general obligations of lenders secured by eligible loans. The company generates revenue through the purchase, securitization, and guaranteeing of various types of loans.
