Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 286

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 286
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$0.3 billion is $243.7 million of purchases of Corporate AgFinance loans and unfunded commitments,

which was partially offset by $172.4 million of scheduled repayments. The net increase in Corporate

AgFinance loan purchases and unfunded commitments primarily reflected a more active market for

agribusiness transactions during the quarter.

The $37.7 million net increase in Power & Utilities during second quarter 2024 resulted from $133.0 million of new purchases and unfunded loan commitments, which was partially offset by $95.2 million of scheduled maturities and repayments.

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The $0.1 billion net increase in Broadband Infrastructure during second quarter 2024 resulted from $102.1 million of new purchases and unfunded commitments, which was partially offset by $16.1 million of scheduled maturities and repayments.

The $0.1 billion net increase in Renewable Energy during second quarter 2024 primarily reflects

$271.9 million in loan purchases and unfunded commitments, partially offset by $138.7 million in

repayments. The net increase in Renewable Energy loan purchases and unfunded commitments primarily

reflects the continued strong demand for renewable power generation and storage. 

The level and composition of Farmer Mac’s outstanding business volume is based on the relationship between new business, loan sales, scheduled maturities, and repayments on existing assets from period to period. This relationship in turn depends on a variety of factors both internal and external to Farmer Mac. The external factors include general market forces, competition, and our counterparties’ liquidity needs, access to alternative funding, desired products, and assessment of strategic factors. The internal factors include our assessment of profitability, mission fulfillment, credit risk, and customer relationships. For more information about potential growth opportunities in Farmer Mac's lines of business, see "Management's Discussion and Analysis of Financial Condition and Results of Operations—Outlook" in this report.

The following table sets forth information about the Farmer Mac Guaranteed Securities issued during the periods indicated:

Table 17 For the Three Months EndedFor the Six Months Ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024 (dollars in thousands)AgVantage securities$129,250 $274,650 $434,125 $686,200 Loans securitized and held in consolidated trusts with beneficial interests owned by third parties (structured and