The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a stockholder-owned, government sponsored enterprise. The Agricultural Credit Act of 1987 formed the basis for the inception of the company. Farmer Mac is America's secondary market for first mortgage agricultural real estate loans, rural housing mortgage loans, rural utilities loans and rural development loans guaranteed by the U.S. Department of Agriculture. The firm provides long-term credit to farmers, ranchers, rural homeowners, businesses and communities.
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