Federal Agricultural Mortgage Corp.
Company Overview
Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation that provides a secondary market for agricultural, rural housing, and rural utilities loans. The company was established in 1988 to increase the availability of long-term credit to America's rural communities.
The company operates by purchasing eligible loans from lenders, providing credit guarantees, and issuing debt securities to fund these purchases. Their primary business involves providing financing to rural lenders, agribusinesses, and other institutions that can help increase the availability of credit to rural America.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $90.46m | $320.94m | $86.79m | $320.94m | 95.94% | 100.00% |
| June 30, 2024 | $89.87m | $316.37m | $87.34m | $316.37m | 97.19% | 100.00% |
| March 31, 2024 | $93.68m | $309.95m | $86.37m | $309.95m | 92.19% | 100.00% |
Company Impact
Help us evaluate Federal Agricultural Mortgage Corp.'s impact from a halal perspective. Vote on the most significant aspect and submit any considerations that we may have missed.