Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 221

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 221
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Agricultural Finance Mortgage Loans Credit Losses Relative to CumulativeOriginal Loans, Guarantees, and LTSPCs as of December 31, 2024Cumulative Original Loans, Guarantees and LTSPCs Cumulative Net Credit Losses/(Recoveries) Cumulative Loss Rate (dollars in thousands)By year of origination:   2014 and prior$19,926,348 $33,785 0.17 %20151,268,863 (516)(0.04)%20161,621,501 903 0.06 %20171,742,186 4,311 0.25 %20181,468,333 — — %20191,670,711 — — %20203,090,061 — — %20213,452,587 297 0.01 %20222,074,396 455 0.02 %20231,477,339 3,942 0.27 %20241,837,993 — — %Total$39,630,318 $43,177 0.11 %By geographic region(1):   Northwest$4,891,785 $12,094 0.25 %Southwest12,958,106 12,484 0.10 %Mid-North9,709,624 17,165 0.18 %Mid-South6,023,413 (613)(0.01)%Northeast2,091,361 1,075 0.05 %Southeast3,956,029 972 0.02 %Total$39,630,318 $43,177 0.11 %By commodity/collateral type:   Crops$18,190,130 $3,790 0.02 %Permanent plantings8,422,657 14,022 0.17 %Livestock8,723,391 3,836 0.04 %Part-time farm1,990,066 1,090 0.05 %Ag. Storage and Processing2,052,229 20,439 1.00 %Other251,845 — — %Total$39,630,318 $43,177 0