Federal Agricultural Mortgage Corp.
- AGM ยท NYSE
- Federal & Federally-Sponsored Credit Agencies
- Washington, DC
- 212 employees
- CIK 0000845877
Updated from SEC filings through
Top things to know
Executives
- Matthew M. Pullins EVP - CFO and Treasurer 4, 2026-03-09
- Kerry T. Willie EVP - Chief HR Officer 3, 2026-08-27
- Nader Pasdar EVP - Chief Business Officer 3, 2026-08-27
- Robert J. Maines EVP - Chief Operations Officer 3, 2026-08-27
- Brian M. Brinch EVP - Chief Risk Officer 4, 2026-08-05
- Zachary Carpenter President and COO 4, 2026-04-02
What leadership is saying
“Farmer Mac delivered record third quarter results, with outstanding business volume and year-to-date revenue and core earnings reaching new all-time highs”
Earnings press release (8-K Ex. 99.1), filed November 5, 2026
Federal Agricultural Mortgage Corp is a U.S. public company in federal & federally-sponsored credit agencies (SIC 6111), headquartered in Washington, DC. It trades as AGM on NYSE. Revenue was $1.6B in the fiscal year ending December 31, 2025, +0.5% from the year before. It reported about 212 employees.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.6B 10-K, 2026-02-19 | $1.6B 10-K, 2026-02-19 | $1.4B 10-K, 2026-02-19 | $717M 10-K, 2025-02-21 | $426M 10-K, 2024-02-23 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | $44.6M 10-K, 2026-02-19 | $38.2M 10-K, 2026-02-19 | $35.0M 10-K, 2026-02-19 | $29.8M 10-K, 2025-02-21 | $27.5M 10-K, 2024-02-23 |
| Net income | $207M 10-K, 2026-02-19 | $207M 10-K, 2026-02-19 | $200M 10-K, 2026-02-19 | $178M 10-K, 2025-02-21 | $136M 10-K, 2024-02-23 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Matthew M. Pullins Executive Vice President, Chief Financial Officer and Treasurer | EVP - CFO and Treasurer | 4, 2026-03-09 |
| Kerry T. Willie CHRO, Transformation Leader,Talent Strategist,Executive Advisor,Board Member | EVP - Chief HR Officer | 3, 2026-08-27 |
| Nader Pasdar Chief Business Officer at Farmer Mac | EVP - Chief Business Officer | 3, 2026-08-27 |
| Robert J. Maines EVP, Chief Risk Officer | EVP - Chief Operations Officer | 3, 2026-08-27 |
| Brian M. Brinch Executive Vice President - Chief Risk Officer at Farmer Mac | EVP - Chief Risk Officer | 4, 2026-08-05 |
| Zachary Carpenter | President and COO | 4, 2026-04-02 |
| Geraldine I. Hayhurst | EVP - Chief Legal Officer | 4, 2026-03-09 |
| Gregory N. Ramsey | Vice President, Chief Accounting Officer | 10-K, 2026-02-19 |
| Gregory Ramsey | Principal Accounting Officer | 4, 2026-04-02 |
| Lowell L. Junkins | Chair of the Board of Directors | 10-K, 2026-02-19 |
| Amy H. Gales | Director | 10-K, 2026-02-19 |
| Charles A. Stones | Director | 10-K, 2026-02-19 |
| Daniel L. Shaw | Director | 10-K, 2026-02-19 |
| Eric T. McKissack | Director | 10-K, 2026-02-19 |
| James R. Engebretsen | Director | 10-K, 2026-02-19 |
| Jeffrey L. Plagge | Director | 10-K, 2026-02-19 |
What Federal Agricultural Mortgage Corp does
Farmer Mac is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. Congress has charged Farmer Mac, in our charter, with the mission of providing a secondary market for a variety of loans made to borrowers in rural America. A secondary market is an economic arrangement in which the owners of financial assets, such as the originators of loans, may sell all or part of those assets or pay a fee to offset some or all of the inherent risks of holding the assets.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Public float | $1.9B (as of June 30, 2025) | 10-K, February 19, 2026 |
|---|---|---|
| Reportable segments | 7 (period ending September 30, 2026) | 10-Q, November 6, 2026 |
| Latest proxy statement | Meeting April 15, 2026 (filed April 13, 2026) | DEF 14A, April 13, 2026 |
| Auditor | PricewaterhouseCoopers LLP (Washington DC, USA) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 27, 2025 | Gregory Ramsey Principal Accounting Officer | Sale | 1,500 | $310K | Form 4, August 28, 2025 |
| August 27, 2025 | Bradford T. Nordholm President and CEO | Sale | 4,224 | $871K | Form 4, August 28, 2025 |
| August 26, 2025 | Zachary Carpenter EVP - Chief Business Officer | Sale | 293 | $60K | Form 4, August 28, 2025 |
Recent 8-K events
- 8-K filed 2026-11-05
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-10-22
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-14
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-12
- Item 8.01 Other events
- 8-K filed 2026-07-30
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-16
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-08
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-03
- Item 8.01 Other events
- 8-K filed 2026-05-19
- Item 8.01 Other events
- 8-K filed 2026-05-18
- Item 5.07 Submission of matters to a vote of security holders
Frequently asked questions about Federal Agricultural Mortgage Corp
- What does Federal Agricultural Mortgage Corp do?
- In its own words, from Item 1 of its 10-K: "Farmer Mac is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. Congress has charged Farmer Mac, in our charter, with the mission of providing a secondary market for a variety of loans made to borrowers in rural America. A secondary market is an economic arrangement in which the owners of financial assets, such as the originators of loans, may sell all or part of those assets or pay a fee to offset some or all of the inherent risks of holding the assets."
- What is Federal Agricultural Mortgage Corp's revenue?
- $1.6B for the fiscal year ending December 31, 2025, from its 10-K filed February 19, 2026.
- Is Federal Agricultural Mortgage Corp profitable?
- Federal Agricultural Mortgage Corp reported net income of $207M for the fiscal year ending December 31, 2025.
- How many employees does Federal Agricultural Mortgage Corp have?
- About 212 as of December 31, 2025, as stated in its annual report.
- Who is the CFO of Federal Agricultural Mortgage Corp?
- Matthew M. Pullins, EVP - CFO and Treasurer, as named in a 4 filed March 9, 2026.
- Where is Federal Agricultural Mortgage Corp headquartered?
- Washington, DC.
- What is Federal Agricultural Mortgage Corp's stock ticker?
- AGM, AGM-A, AGM-PD, AGM-PE, AGM-PF, AGM-PG, AGM-PH, AGM-PI on NYSE.
- What industry is Federal Agricultural Mortgage Corp in?
- Federal & Federally-Sponsored Credit Agencies, SIC code 6111.
- What is Federal Agricultural Mortgage Corp's website?
- farmermac.com. Investor relations: https://www.farmermac.com/invest-in-rural-america.
- When does Federal Agricultural Mortgage Corp report earnings next?
- January 18, 2027. Source: estimate_8k_pattern.
- Is Federal Agricultural Mortgage Corp a public company?
- Yes. Federal Agricultural Mortgage Corp files with the SEC under CIK 0000845877 and trades as AGM.
- Who audits Federal Agricultural Mortgage Corp?
- PricewaterhouseCoopers LLP, Washington DC, USA, as named in its latest annual report (10-K).
- What is Federal Agricultural Mortgage Corp's public float?
- $1.9B as of June 30, 2025, as reported on the cover of its 10-K filed February 19, 2026.
- How many business segments does Federal Agricultural Mortgage Corp report?
- 7 reportable segments for the period ending September 30, 2026, from its 10-Q filed November 6, 2026.
- When is Federal Agricultural Mortgage Corp's annual shareholder meeting?
- April 15, 2026, per its proxy statement (DEF 14A) filed April 13, 2026.
- Have Federal Agricultural Mortgage Corp insiders traded stock recently?
- Since August 26, 2025, officers and directors reported 3 open-market sales worth about $1.2M and 0 purchases on Forms 4 and 5. The most recent: Gregory Ramsey (Principal Accounting Officer) sold 1,500 shares on August 27, 2025.