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AGM-E

21.48000 USD
0.14
0.65%
Last update Jul 11, 3:42 PM EDT
Market closed
Day range
21.40000
21.70000
Previous close
21.62000
Open
21.70000
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Federal Agricultural Mortgage Corporation
21.48
0.14
0.65%

Overview

Description

Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a government-sponsored enterprise with a primary focus on providing a secondary market for agricultural and rural utility loans. This institution plays a pivotal role in the agricultural financial sector by ensuring liquidity and stability, enabling lenders to offer more affordable and flexible financing options to farmers and rural utility companies. By purchasing loans from these entities, Farmer Mac helps to alleviate the risks associated with agricultural lending, which can be influenced by volatile market conditions and natural events. This market facilitation allows lenders to maintain capital flow and support farming operations across the United States. The Corporation serves not only traditional farming sectors but extends its impact to agribusiness operations and rural infrastructure, thus supporting the broader rural economy. By fulfilling its mandate, Farmer Mac plays a crucial role in sustaining rural and agricultural economies, which are integral to national prosperity and food security.

About

CEO
Mr. Bradford Todd Nordholm
Employees
191
Address
2100 Pennsylvania Avenue NW
Suite 450 N
Washington, 20037, DC
United States
Phone
202 872 7700
Website
Instrument type
Preferred stock
Sector
Financial Services
Industry
Credit Services
Country
United States
MIC code
XNYS
Market closed

Exchange is currently closed (non-working day)
Pre-market opens in 20 hours 1 minute

07:58
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).