What is federal Agricultural Mortgage Corporation?

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy.

Why was the federal Agricultural Mortgage Corporation created?

The creation of the Federal Agricultural Mortgage Corporation (FAMC) was a result of a combination of decreased farm income and increased interest rates. These two pressures led to a crisis among agricultural borrowers. In 1987, Congress responded to the emergency by approving the Agricultural Credit Act, which created Farmer Mac.

What is federal Agricultural Mortgage Corporation (AGM) stock price?

Federal Agricultural Mortgage Corporation's stock symbol is AGM and currently trades under NYSE. It’s current price per share is approximately $193.35. What are your Federal Agricultural Mortgage Corporation (AGM) stock predictions? 3 Wall Street analysts have issued ratings.