Farmer Mac Reports Strong Q3 with $28.5 Billion Volume

Federal Agricultural ( (AGM) ) just unveiled an announcement.

Farmer Mac, a key player in rural finance, reported a strong third quarter with a business volume of $28.5 billion, demonstrating growth through diverse revenue streams and strategic capital management. The company provided $2 billion in liquidity to rural lenders, achieved net income of $42.3 million, and maintained a robust capital position. Despite a slight dip in net interest income compared to last year, the company’s proactive balance sheet management and focus on higher spread businesses underscore its resilience and commitment to supporting American agriculture.

See more data about AGM stock on TipRanks’ Stock Analysis page.