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Farmer Mac: Secondary Market Ag Loan/Mortgage Sales

Farmer MacFarmer Mac programs are structured to help banks meet the challenge presented by farm and ranch customers as they cope with their evermore complex financial environment. Through meeting this need, Farmer Mac helps banks solidify their ag leadership roles within their communities while improving their financial performance.

ABA members benefit from special member advantaged pricing.

    

   

 

 Solution

 
Farmer Mac AgXpress

NEW—AgXpress

Farmer Mac’s new AgXpress program utilizes a scorecard method to significantly reduce the time, process, and paperwork involved in submitting a loan and receiving a credit decision. Its simplified application, paired with preferred rates, delivers the perfect combination of benefits for ag lenders and their borrowers. Learn more about AgXpress.

Programs and Products
  • Whole Loan Purchase Program: by selling qualified loans and their associated credit and interest-rate risk, you can offer your customers the opportunity to lock in long-term fixed rates on their farmland loans.
  • Long-Term Standby Purchase Commitment (LTSPC): Farmer Mac's commitment to purchase qualified loans from the bank's portfolio at the point they become 90 days delinquent allows banks to transfer credit risk on those loans to Farmer Mac. Banks can free up capital for other purposes, including funding new growth, by reducing risk weighting on LTSPC loans to 20%.
  • AgVantage: Farmer Mac's funding vehicle allowing a bank to access funding at Farmer Mac's advantageous rates using qualified mortgage loans.  Borrowing terms range up to 15 years.
  • USDA Guarantee Purchase Program: Farmer Mac's liquidity program for USDA guaranteed loans, with Farmer Mac purchasing the guaranteed portions of these  loans, both Farm Service Agency and Rural Development Business and Industry and Community Facility.​​​​​​​​​​
Customer Support & Technology
  • AgPower® (Loan Origination System): This web-based system facilitates loan submission and communication with underwriters
  • Varied, in-depth knowledge resources at farmermac.com
  • Read the latest Alliance Alert
  • Training webinars and teleconferences to enhance the secondary market expertise of your staff
  • General as well as customized e-based learning tools

Learn more at: www.farmermac.com



 
 

 Provider

 

Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of capital for the benefit of American agriculture and rural communities. They provide financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools.

See more about Farmer Mac




 
 

 Benefits

 

ABA Member Benefits
  • Preferred rates for ABA members
  • Customized learning tools, support and communications
  • Dedicated support through a special email account: ABABanker@farmermac.com
  • Special periodic educational webinars



 
 

 Resources

 

Upcoming Webinar

7 Things You Should Know About China to Understand the Trade Dispute with Guest Dr. Wendong Zhang

Wednesday, May 8, 12:00 pm ET

As an agricultural economist and Chinese native, Dr. Zhang will discuss the recent developments in the U.S.-China trade dispute, its short-term and long-term implications for the U.S. agricultural economy. He will highlight seven critical economic, political and cultural aspects about China which will help you better understand the actions and attitudes of the Chinese government and public attitudes amid current trade disruptions.

Dr. Wendong Zhang is an assistant professor of Economics at Iowa State University and is the leading researcher of the Iowa Land Value Survey, the Iowa Farmland Ownership and Tenure Survey.


Webinar Recordings

Podcasts

Mortgage Resources

News

The Feed

The Feed is Farmer Mac's quarterly perspective on agriculture that combines the most relevant research from trusted agricultural resources with the insightful commentary and analysis from their own team of experts into a single, reliable source.

The spring edition of The Feed, Farmer Mac's quarterly perspective on the agricultural economy, features the following topics:
  • An update on farm bankruptcies from guest authors Robert Dinterman and Ani Katchova (Department of Agricultural, Environmental, and Development Economics at The Ohio State University)
  • Farmland return profiles by state
  • 2018 Farm Bill tweaks and updates
  • 2019 farm income update
  • USDA Farm Service Agency lending
  • Weather
  • Commodities: corn & soybeans, dairy, wheat, and cattle
  • Industrial hemp prospects

 
 

 Contacts

 

ABA Contact



 
 

 Due Diligence Report

 

Due diligence reports  are currently available on select solutions and for bank members only.
Get Report.
 

 Learn About Endorsed Solutions

 

In a rapidly changing landscape, banks turn to the proven expertise of ABA Endorsed Solutions for the most advanced technologies and products to grow their business, cut costs, and transform the customer experience.

Questions? Please contact Jerry Sebold for more information.