Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 103

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 103
---
, VA, VT, WV); Southeast (AL, FL, GA, MS, NC, SC, TN). 

85

Table 28As of March 31, 2025Agricultural Loans Cumulative Credit Losses by Origination Year and Commodity TypeCropsPermanentPlantingsLivestockPart-timeFarmAg. Storage andProcessingTotal(in thousands)By year of origination:2015 and prior$2,887 $9,784 $3,836 $1,090 $15,673 $33,270 2016971 — — — — 971 2017— — — — 4,311 4,311 2018— — — — — — 2019— — — — — — 2020— — — — — — 2021— 297 — — — 297 2022— — — — 455 455 2023— 3,859 — — — 3,859 2024— — — — — — 2025— — — — — — Total$3,858 $13,940 $3,836 $1,090 $20,439 $43,163 

For more information about the credit quality of Farmer Mac's Agricultural Finance mortgage loans and the associated allowance for losses please refer to Note 5 and Note 6 to the consolidated financial statements. Activity affecting the allowance for loan losses and reserve for losses is discussed in "Management's Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations—Provision for and Release of Allowance for Loan Losses and Reserve for Losses."

Infrastructure Finance - Direct Credit Exposure

Farmer Mac's direct credit exposure to Infrastructure Finance loans held and loans underlying LTSPCs as of March 31, 2025 was $6.0 billion across 45 states. For more information about Farmer Mac's underwriting and collateral valuation standards for Infrastructure Finance loans, see "Business—Farmer Mac's Lines of Business—Infrastructure Finance—Underwriting and Collateral Standards" in Farmer Mac's 2024 Annual Report. As of March 31, 2025, there were no delinquencies in Farmer Mac's

portfolio of Infrastructure Finance loans. As of March 31,