Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 101

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 101
---
6,099,206 (612)(0.01)%Northeast2,116,758 1,075 0.05 %Southeast4,065,168 972 0.02 %Total$40,223,897 $43,163 0.11 %By commodity/collateral type:   Crops$18,478,962 $3,858 0.02 %Permanent plantings8,500,326 13,940 0.16 %Livestock8,816,429 3,836 0.04 %Part-time farm2,017,268 1,090 0.05 %Ag. Storage and Processing2,158,933 20,439 0.95 %Other251,979 — — %Total$40,223,897 $43,163 0.11 %

(1)Geographic regions:  Northwest (AK, ID, MT, OR, WA, WY); Southwest (AZ, CA, CO, HI, NM, NV, UT); Mid-North (IA, IL, IN, MI, MN, NE, ND, SD, WI); Mid-South (AR, KS, LA, MO, OK, TX); Northeast (CT, DE, KY, MA, MD, ME, NH, NJ, NY, OH, PA, RI, VA, VT, WV); Southeast (AL, FL, GA, MS, NC, SC, TN).    

84

Analysis of portfolio performance indicates that commodity type is the primary determinant of Farmer Mac's exposure to loss on a given loan. The following tables present concentrations of Agricultural Finance mortgage loans by commodity type within geographic region and cumulative credit losses by origination year and commodity type:

Table 27As of March 31, 2025Agricultural Finance Mortgage Loans Concentrations by Commodity Type within Geographic RegionCropsPermanentPlantingsLivestockPart-timeFarmAg. Storage andProcessingOtherTotal(dollars in thousands)By geographic region(1):Northwest$685,818 $227,251 $323,039 $128,934 $39,554 $1,380 $1,405,976 5.5 %1.8 %2.6 %1.1 %0.3 %— %11.3 %Southwest773,