ADDED
As of February 5, 2026, the registrant had outstanding 1,030,780 shares of Class A voting common stock, 500,301 shares of Class B voting common stock, and 9,325,900 shares of Class C non-voting common stock.
Business 6 General 6 Farmer Mac's Lines of Business 8 Competition 13 Capital and Corporate Governance 14 Human Capital 15 Available Information 17 Financing 17 Debt Issuance 17 Equity Issuance 18 Farmer Mac's Authority to Borrow from the U.S.
Treasury 20 Government Regulation of Farmer Mac 21 General 21 Office of Secondary Market Oversight 21 Capital Standards 22 Liquidity Requirements 24 Item 1A.
Management's Discussion and Analysis of Financial Condition and Results of Operations 46 Overview 46 Critical Accounting Estimates 49 Use of Non-GAAP Measures 50 Results of Operations 52 Outlook 64 Balance Sheet Review 69 Risk Management 70 Liquidity and Capital Resources 84 Other Matters 86 Supplemental Information 87 Item 7A.
Financial Statements 94 Management's Report on Internal Controls Over Financial Reporting 94 Report of Independent Registered Public Accounting Firm 95 2 Consolidated Balance Sheets 98 Consolidated Statements of Operations 99 Consolidated Statements of Comprehensive Income 100 Consolidated Statements of Equity 101 Consolidated Statements of Cash Flows 102 Notes to Consolidated Financial Statements 103 Item 9.
trade policies (including tariffs and trade restrictions), fluctuations in export demand for U.S.
We undertake no obligation to release publicly the results of revisions to any forward-looking statements to reflect new information or any future events or circumstances, except as otherwise required by applicable law.
To fulfill our mission to increase the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, our secondary market activities include: purchasing eligible loans directly from lenders, including participation interests, syndicated notes, revolving and non-revolving credit facilities, and unfunded loan commitments.
We are a government-sponsored enterprise ("GSE") established under Title VIII of the Farm Credit Act of 1971 (12 U.S.C.
2279aa et seq.), first enacted in 1988 and last amended in 2018, which serves as our charter ("Charter").
REMOVED
As of February 7, 2025, the registrant had outstanding 1,030,780 shares of Class A voting common stock, 500,301 shares of Class B voting common stock, and 9,360,484 shares of Class C non-voting common stock.
Business 6 General 6 Farmer Mac's Line s of Business 8 Competition 18 Capital and Corporate Governance 19 Human Capital 21 Available Information 24 Funding of Guarantee and LTSPC Obligations 24 Financing 25 Debt Issuance 25 Equity Issuance 25 Farmer Mac's Authority to Borrow from the U.S.
Treasury 29 Government Regulation of Farmer Mac 30 General 30 Office of Secondary Market Oversight 30 Capital Standards 31 Liquidity Requirements 34 Item 1A.
Management's Discussion and Analysis of Financial Condition and Results of Operations 55 Overview 55 Critical Accounting Estimates 59 Use of Non-GAAP Measures 60 Results of Operations 62 Outlook 80 Balance Sheet Review 87 Risk Management 88 Liquidity and Capital Resources 104 Other Matters 107 Supplemental Information 108 Item 7A.
Financial Statements 113 Consolidated Balance Sheets 117 2 Consolidated Statements of Operations 118 Consolidated Statements of Comprehensive Income 119 Consolidated Statements of Equity 120 Consolidated Statements of Cash Flows 121 Notes to Consolidated Financial Statements 122 Item 9.
Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements to reflect new information or any future events or circumstances, except as otherwise required by applicable law.
Farmer Mac Guaranteed Securities may be retained by the seller of the underlying loans, retained by Farmer Mac, or sold to third-party investors.
Farmer Mac was established under federal legislation first enacted in 1988 and amended most recently in 2018 Title VIII of the Farm Credit Act of 1971 (12 U.S.C.
2279aa et seq.), which is referred to as Farmer Mac's charter.
Farmer Mac is a government-sponsored enterprise ("GSE") by virtue of the status conferred by its charter.