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AGM| 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 Farm & Ranch segment purchases and retains eligible mortgage loans, securitizes them, and issues long-term standby purchase commitments. The USDA Guarantees segment purchases portions of agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment purchases and guarantees securities backed by loans for electric or telecommunications facilities. The Institutional Credit segment guarantees and purchases general obligations of lenders and financial institutions secured by pools of eligible loans.
