FEDERAL AGRICULTURAL MORTGAGE CORP
Close on Oct 19, 2026
- Market cap
- $2.17B
- P/E (TTM)
- 10.9
- Dividend yield
- 0.75%
About Federal Agricultural Mortgage
Federal & Federally-Sponsored Credit Agencies, SIC 6111
Farmer Mac is a federally chartered, stockholder-owned corporation that operates a secondary market for agricultural and rural infrastructure financing in the United States. Operating across two primary lines of business—Agricultural Finance and Infrastructure Finance—the company comprises reportable segments including Farm & Ranch, Corporate AgFinance, Power & Utilities, Broadband Infrastructure, and Renewable Energy, alongside treasury segments for Funding and Investments. Its activities include purchasing eligible loans directly from originators, providing long-term standby purchase commitments, servicing loans, and issuing and guaranteeing securities such as AgVantage securities and agricultural mortgage-backed securities. Farmer Mac serves lending institutions, rural electric cooperatives, agribusinesses, and institutional investors by providing liquidity, capital relief, and credit risk mitigation.
The corporation operates across the United States, with a workforce located in 29 states and the District of Columbia. As of late 2025, Farmer Mac employed 212 individuals, maintaining a primary presence in the Washington, D.C. area, an office presence in Johnston, Iowa, and fully remote staff throughout the country.
Summary of the business section of Federal Agricultural Mortgage's latest annual report, written by StockData.
Company profile
Company
- Legal name
- FEDERAL AGRICULTURAL MORTGAGE CORP
- Founded
- 1988
- Headquarters
- Washington, DC
- Address
- 2100 Pennsylvania Ave Nw, Suite 450n 20037
- Phone
- (202) 872-7700
- Website
- farmermac.com
- Employees
- 212, Dec 31, 2025
- Industry
- Federal & Federally-Sponsored Credit Agencies
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Washington DC, USA
Stock & identifiers
- Ticker
- AGM
- Other tickers
- AGM.A, AGM.PD, AGM.PE, AGM.PF, AGM.PG, AGM.PH, AGM.PI
- Exchange
- NYSE
- Shares outstanding
- 11M, Jul 23, 2026
- Public float
- $1.90B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-1, Aug 2, 1999
- SEC CIK
- 845877
- CUSIP
- 313148306
- ISIN
- US3131483063
- LEI
- 549300MS654K78GYF580
- EIN
- 52-1578738
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Robert J. Maines | EVP - Chief Operations Officer | 3,966 |
| Kerry T. Willie | EVP - Chief HR Officer | 3,663 |
| Nader Pasdar | EVP - Chief Business Officer | 0 |
| Brian M. Brinch | EVP - Chief Risk Officer | 11,035 |
| Zachary Carpenter | President and COO | 12,213 |
| Bradford T. Nordholm | Chief Executive Officer | 37,430 |
| Gregory Ramsey | Principal Accounting Officer | 3,351 |
| Geraldine I. Hayhurst | EVP - Chief Legal Officer | 1,103 |
| Matthew M. Pullins | EVP - CFO and Treasurer | 3,476 |
| Stephen P. Mullery | EVP - General Counsel | 19,442 |
| Aparna Ramesh | EVP - Chief Financial Officer | 11,264 |
| Marc J. Crady | SVP - Chief Credit Officer | 3,621 |
| Sean Datcher | SVP- Chief Information Officer | 1,341 |
| LaJuana S. Wilcher | Director | 3,342 |
| Lowell Junkins | Director | 20,962 |
| Amy H. Gales | Director | 6,080 |
| James R. Engebretsen | Director | 16,845 |
| Todd P. Ware | Director | 4,495 |
| Robert G. Sexton | Director | 14,268 |
| Eric T. McKissack | Director | 2,895 |
| Lyle Logan | Director | 432 |
| Dale E. Crawford | Director | 386 |
| Jeffrey L. Plagge | Director | 1,346 |
| Shaw L. Daniel | Director | 1,858 |
| Mitchell A. Johnson | Director | 8,579 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Nordholm | $4.03M | $3.38M | $973.92K | $277 | $197 |
| FY2024 Mr. Nordholm | $3.26M | $5.26M | $1.13M | $281 | $199 |
| FY2023 Mr. Nordholm | $5.63M | $8.78M | $1.25M | $284 | $139 |
| FY2022 Mr. Nordholm | $3.53M | $3.09M | $1.14M | $152 | $134 |
| FY2022 Peo1 | $3.53M | $3.09M | $1.14M | $152 | $134 |
| FY2021 Mr. Nordholm | $3.21M | $5.06M | $1.05M | $161 | $151 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 212 people, with 28 new employees hired during the year resulting in a net increase of 21 employees (11%) compared to year-end 2024.”
Corporate history
Events identified from SEC filings