Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 285

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 285
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31, 2025 after taking into account all new business, maturities, sales, and paydowns on existing assets. 

The $0.1 billion net increase in Farm & Ranch during second quarter 2025 was primarily attributable to net loan growth partially offset by maturities of AgVantage securities that counterparties did not re-issue.

The $0.1 billion net increase in Power & Utilities during second quarter 2025 was primarily attributable to loan purchases. 

The $0.2 billion net increase in Broadband Infrastructure during second quarter 2025 was primarily attributable to $0.3 billion in loan purchases and commitments, partially offset by repayments.

The $0.3 billion net increase in Renewable Energy during second quarter 2025 was primarily attributable to $0.5 billion in loan purchases and commitments, partially offset by repayments. The net increase in Renewable Energy loan purchases and commitments primarily reflects the continued strong demand for renewable power generation and storage. 

Farmer Mac's outstanding business volume was $28.8 billion as of June 30, 2024, a net increase of $0.1 billion from March 31, 2024 after taking into account all new business, maturities, and paydowns on existing assets.

The $0.4 billion net decrease in Farm & Ranch during second quarter 2024 resulted from $1.1 billion of

scheduled maturities and repayments, partially offset by $0.7 billion of new purchases, commitments, and

guarantees. Included in the $0.7 billion is the purchase of $390.2 million of Farm & Ranch loans.

Scheduled loan maturities and repayments in the aggregate amount of $133.1 million partially offset those

purchases.

During second quarter 2024, a total of $0.8 billion in Farm & Ranch AgVantage Securities matured

without refinancing, which primarily reflected slower loan growth resulting in less liquidity needs from

Farmer Mac's AgVantage counterparties. The $0.8 billion in maturities and repayments were partially

offset by $0.2 billion in new purchases.

The $0.1 billion net increase in Corporate AgFinance during second quarter 2024 resulted from

$0.3 billion of new purchases and unfunded loan commitments, which was partially offset by $0.2 billion

of scheduled maturities, repayments, sales, and paydowns on revolving commitments. Included in