Federally chartered instrumentality of the United States | 001-14951 | 52-1578738 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
1999 K Street, N.W., 4th Floor, Washington D.C. | 20006 | |||
(Address of Principal Executive Offices) | (Zip Code) |
(a) | Not applicable. |
(b) | Not applicable. |
(c) | Not applicable. |
(d) | Exhibits: |
FOR IMMEDIATE RELEASE | CONTACTS |
January 7, 2013 | Richard Eisenberg |
(Investor Inquiries) | |
Chris Bohanon | |
(Media Inquiries) | |
202-872-7700 |
• | Over 1,300 lenders have used Farmer Mac’s secondary market for more than 58,000 loans. |
• | Nearly 29,000 farmers and ranchers have benefited from competitively-priced Farmer Mac loan products, including 20,000 family farmers, with over half utilizing Farmer Mac’s long-term fixed rates. |
• | Over 4 million rural residents receive dependable power from 162 rural electric cooperatives that have obtained funding through Farmer Mac. In addition, during the liquidity and credit disruptions of 2008, Farmer Mac provided $1.5 billion in funding for the nationwide rural electric network to help maintain low utility rates. |
• | Through $10 billion of loans placed into Farmer Mac’s purchase commitment program, lending capacity of farm lenders has increased $7 billion, enabling farm operations and other agribusinesses to grow and expand. |