Farmer Mac / AGM
A farmer and his agricultural loan officer look over the final details of his Farmer Mac loan. (Photo: Courtesy of company.)
About Farmer Mac
1133 21st St. NW, Suite 600, Washington, D.C. 20036
www.farmermac.com
| 202-872-7700
| Founded: 1988
Industry: Financial Services | Category: Public Companies
The Federal Agricultural Mortgage Corp. provides funding for farm loans. Chartered by the government, it packages loans into securities for sale to investors. It also invests in agricultural mortgages and mortgage-backed securities. Like government-sponsored enterprises Fannie Mae and Freddie Mac, it goes by a nickname, Farmer Mac. But unlike those mainstays of the housing finance system, it says its investment portfolio and its sector of the economy have not been affected by the erosion in housing credit.
President and CEO: Michael A. Gerber
2007 Financial Data
Revenues: $284,545,000 | Net Income: $6,661,000Asssets: $4,977,613,000 | Earnings Per Share: $0.42
Stockholder Equity: $223,593,000 | Annual Dividend: $0.40
Total employees: 42 | Local employees: 37
Company Leadership
| Julia Bartling | Director |
| Dennis L. Brack | Director |
| Ralph W. Cortese | Director |
| Fred L. Dailey | Chairman |
| Grace T. Daniel | Director |
| Paul A. DeBriyn | Director |
| Dennis E. Everson | Director |
| Michael A. Gerber | Director |
| Ernest M. Hodges | Director |
| Mitchell A. Johnson | Director |
| Lowell L. Junkins | Director |
| Timothy F. Kenny | Director |
| Glen O. Klippenstein | Director |
| Charles E. Kruse | Director |
| John Dan Raines Jr. | Director |
Source: Compensation data provided by Equilar, Inc..
Did You Know
HAT IN THE RING: Farmer Mac's chairman since 2002, Ohio Republican Fred L. Dailey, is running for Congress against a member of the House committee that oversees Farmer Mac.
