Federal Agricultural Mortgage Corporation (AGM-A)

US — Financial Services Sector

Peers: FINV QFIN OFG BLX CHCO TY JCAP NWBI PWP MSDL

Automate Your Wheel Strategy on AGM-A

With Tiblio's Option Bot, you can configure your own wheel strategy including AGM-A - and automate your put writes, covered calls, and full wheel strategy. Just connect one of the supported brokerages: tastytrade, Schwab, TradeStation or Tradier and go.

Start Your Free Trial Now

News

Federal Agricultural Mortgage: Loan Losses Cause Concern, But Growth Should Overshadow Fear

AGM, AGM-A
Published: February 22, 2026 by: Seeking Alpha
Sentiment: Neutral

Farmer Mac shares plunged 14% after an earnings miss, but I view the current price as a compelling entry point. AGM's core earnings grew to $182.9M in 2025, but rising nonaccrual loans and a $33M increase in loan loss provisions raised concerns. Portfolio growth is shifting toward non-agricultural sectors like power, utilities, renewable energy, and broadband, driving a 15% increase in shareholder equity.

image for news Federal Agricultural Mortgage: Loan Losses Cause Concern, But Growth Should Overshadow Fear

Nice Entry Point For Farmer Mac's Preferred Securities.

AGM, AGM-A
Published: December 17, 2025 by: Seeking Alpha
Sentiment: Positive

I initiated a position in Federal Agricultural Mortgage Corporation (AGM) preferreds, specifically series F, due to an attractive yield and relative value. AGM preferreds currently offer a yield north of 6.8%, about 2% above the 30-year Treasury, with spreads wider than historical norms. I see the recent spread as a sentiment-driven opportunity, not a sign of fundamental stress, given the farm sector's low leverage and AGM's strong loan-to-value metrics.

image for news Nice Entry Point For Farmer Mac's Preferred Securities.

Federal Agricultural Mortgage: I'm Sticking To A 'Strong Buy' Rating

AGM, AGM-A
Published: November 13, 2025 by: Seeking Alpha
Sentiment: Positive

Farmer Mac delivered strong Q3 results, with net interest income up 13% and robust dividend coverage. AGM maintains manageable loan loss provisions, supported by low loan-to-value ratios and resilient collateral monetization. I remain bullish on AGM common shares, citing attractive valuation, solid earnings, and ongoing share buybacks.

image for news Federal Agricultural Mortgage: I'm Sticking To A 'Strong Buy' Rating

AGM.PR.H: A 6.50% Preferred IPO From Federal Agricultural Mortgage

AGM, AGM-A
Published: September 01, 2025 by: Seeking Alpha
Sentiment: Neutral

AGM.PR.H offers a 6.50% yield, and its risk premium places it on the borderline of investment grade/high yield, reflecting Farmer Mac's GSE status. Farmer Mac's strong dividend history and adequate dividend coverage support preferred distribution safety, despite a debt-heavy capital structure. Compared to AGM's other preferreds, AGM.PR.H is less attractive due to lower appreciation potential; AGM-F and AGM-G offer better value at deeper discounts.

image for news AGM.PR.H: A 6.50% Preferred IPO From Federal Agricultural Mortgage

Federal Agricultural Mortgage: Preferred Stocks Worth Watching

AGM, AGM-A
Published: June 20, 2025 by: Seeking Alpha
Sentiment: Positive

Farmer Mac is a state-supported financial institution providing crucial capital access for rural and agricultural sectors, with diversified business lines in loans and infrastructure. The company boasts 14 years of uninterrupted growth and offers the sector's best dividend, recently increased by 7% to a 3.2% yield and a 35.87% payout ratio. Strong risk management, conservative lending, and a solid asset-liability mix underpin its profitability, with a market-adjusted asset yield of 4.61% and asset coverage ratio of 110%.

image for news Federal Agricultural Mortgage: Preferred Stocks Worth Watching

About Federal Agricultural Mortgage Corporation (AGM-A)

IPO Date 1993-12-13
Website https://www.farmermac.com
Industry Financial - Credit Services
CEO Bradford Todd Nordholm
Employees 191

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment purchases and guarantees securities that are backed by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and purchases eligible rural utilities loans and guarantees of securities backed by those loans, as well as LTSPCs for pools of eligible rural utilities loans. The Institutional Credit segment guarantees and purchases general obligations of lenders and other financial institutions that are secured by pools of loans eligible under the Farmer Mac's Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.