Federal Agricultural Mortgage Corporation (Farmer Mac)

The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a government-sponsored enterprise that supports rural mortgage lending. It provides a reliable source of funds to lenders who finance agricultural and rural housing projects, helping farmers, ranchers, and rural communities access affordable loans. By purchasing and guaranteeing these loans, Farmer Mac promotes stability in rural mortgage markets, encouraging economic growth and development in agricultural regions. Its role ensures that lenders have access to capital, which in turn benefits those seeking to buy or develop rural properties.