Farmer Mac Achieves Record Business Volume in Q2 2025

Federal Agricultural Mortgage ( (AGM) ) has released its Q2 earnings. Here is a breakdown of the information Federal Agricultural Mortgage presented to its investors.

The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, operates as a secondary market provider that enhances the availability of financing to support American agriculture and rural infrastructure. The company is a key player in the financial services sector, offering liquidity solutions to agricultural and infrastructure businesses across the United States.

In its second-quarter 2025 earnings report, Farmer Mac announced record-breaking results, with total outstanding business volume exceeding $30 billion for the first time. The company reported significant growth in core earnings and net effective spread, with increases of 19% and 12% year-over-year, respectively. The results reflect Farmer Mac’s strategic focus on diversifying its portfolio by commodity and geography.

Key financial highlights for the quarter include a 22% increase in net income attributable to common stockholders, reaching $49.2 million. Net interest income grew by 11% year-over-year to $96.8 million, while core earnings reached a record $47.4 million, or $4.32 per diluted common share. Farmer Mac also maintained a robust capital position, with total core capital of $1.6 billion, surpassing statutory requirements by 63%, and a Tier 1 Capital Ratio of 13.6%.

Additionally, Farmer Mac provided $2.1 billion in liquidity and lending capacity to lenders serving rural America. The company extended its share repurchase program authorization to $50 million of outstanding Class C non-voting common stock through August 2027, demonstrating confidence in its financial stability and future growth prospects.

Looking ahead, Farmer Mac’s management remains optimistic about the company’s strategic direction and its mission to provide capital through agricultural and economic cycles. The company is well-positioned to continue supporting the financial needs of America’s rural and agricultural communities, fostering growth and innovation in these vital sectors.