Here are the 10-K annual reports from Federal Agricultural Mortgage Corporation (AGM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow AGM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AGM filings page.
Federal Agricultural Mortgage Corporation (Farmer Mac) files its annual report outlining how it provides a secondary market for agricultural and rural infrastructure loans through purchases, guarantees, securitizations, and standby purchase commitments. Revenue is driven mainly by net interest income plus guarantee and commitment fees.
The report details seven operating segments across Agricultural Finance and Infrastructure Finance and explains capital, liquidity, and regulatory frameworks under Farm Credit Administration oversight. As of June 30, 2025, non‑affiliate Class A and C common equity had an aggregate market value of $1.90 billion. As of February 5, 2026, Farmer Mac had 1,030,780 Class A, 500,301 Class B, and 9,325,900 Class C common shares outstanding.
In 2025 the company paid four quarterly common dividends of $1.50 per share and declared a $1.60 dividend scheduled for March 31, 2026. Farmer Mac reports a Tier 1 capital ratio of 13.3% and risk‑based capital of $201.3 million versus $1.7 billion of regulatory capital, and notes authority to borrow up to $1.5 billion from the U.S. Treasury solely to meet guarantee obligations, which has not been used. Extensive risk disclosures address credit, concentration, climate, market, operational, and political risks affecting agricultural and infrastructure borrowers.