EQUITY (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Schedule of Stock by Class

The following table presents the Outstanding Preferred Stock as of December 31, 2025:

Table 8.1

Name	Issuance Date	Issuance Cost		Shares Issued	Annual Dividend Rate(1)		Liquidation Value Per Share		First Possible Redemption Date(2)
Series D	May 13, 2019	$	3,340,456	4,000,000	5.700	%	$	25.00	July 17, 2024
Series E	May 20, 2020	$	2,496,750	3,180,000	5.750	%	$	25.00	July 17, 2025
Series F	August 20, 2020	$	3,839,902	4,800,000	5.250	%	$	25.00	October 17, 2025
Series G	May 27, 2021	$	3,673,677	5,000,000	4.875	%	$	25.00	July 17, 2026
Series H	August 25, 2025	$	3,156,010	4,000,000	6.500	%	$	25.00	October 17, 2030

(1)Dividends on all series of Outstanding Preferred Stock are non-cumulative, which means that if Farmer Mac's board of directors has not declared a dividend before the applicable dividend payment date for any dividend period, such dividend will not be paid or cumulate, and Farmer Mac will have no obligation to pay dividends for such dividend period, whether or not dividends on any series of Outstanding Preferred Stock are declared for any future dividend period.

(2)Farmer Mac has the right but not the obligation to redeem.