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Farmer Mac (Federal Agricultural Mortgage Corporation

Farmer Mac (Federal Agricultural Mortgage Corporation definition - business

Farmer Mac (Federal Agricultural Mortgage Corporation)

A federally chartered and government-sponsored corporation with a mission to increase the availability of mortgage financing to farmers and ranchers by providing a secondary market for agricultural real estate and rural housing mortgage loans. Farmer Mac purchases qualified loans from agricultural mortgage lenders, thereby increasing funds available for further agricultural lending.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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