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AGM-PE| Name | Value |
|---|---|
| Revenues | 217.7M |
| Cost of Revenue | 0.0M |
| Gross Profit | 217.7M |
| Operating Expense | 23.8M |
| Operating I/L | 195.5M |
| Other Income/Expense | 0.6M |
| Interest Income | 403.7M |
| Pretax | 59.2M |
| Income Tax Expense | 12.1M |
| Net Income/Loss | 47.1M |
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 company purchases, securitizes, and guarantees mortgage loans secured by agricultural real estate, as well as purchases portions of agricultural and rural development loans guaranteed by the USDA. Additionally, it purchases and guarantees securities backed by loans for electric or telecommunications facilities and general obligations of lenders secured by eligible loans. Its revenue is generated through the purchase, securitization, and guaranteeing of various types of loans in the agricultural and rural sectors.
