联邦农业抵押贷款-C 2024年度报告

Farmer Mac, a federally chartered GSE, experienced a $26.3 million increase in net interest income in 2024, primarily driven by higher yields on new business volume and increased fair value of derivatives. The company maintained strong liquidity and capital levels, exceeding regulatory requirements, and redeemed all $75.0 million of its Series C Preferred Stock. However, challenges in the agricultural and infrastructure sectors, potential shifts in U.S. trade policies, and evolving regulatory environment could impact Farmer Mac's future performance. The company remains well-positioned to navigate these challenges and continue to support rural America's financial needs.