Federal Agricultural Mortgage

Capital and liquidity are strong. As of June 30, 2026, Tier 1 capital was 13.2 percent and total core capital was approximately 1.9 billion dollars, exceeding required minimums by about 60 percent. Preferred issuance in 2026 added Tier 1 capital, and funding access remains consistent.

Credit quality indicators were stable with low 90-day delinquencies and allowance coverage rising in line with portfolio growth. Farmer Mac is subject to FCA’s statutory minimum and risk-based capital regimes designed to withstand severe stress over a 10-year horizon.

Although headline leverage is structurally high for a financial intermediary, risk is mitigated by conservative underwriting, collateral coverage, and diversified segment exposures.