Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 310

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 310
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$4,958 0.03 %Permanent plantings8,575,886 15,724 0.18 %Livestock8,984,886 3,814 0.04 %Part-time farm2,032,860 1,090 0.05 %Ag. Storage and Processing2,301,035 20,439 0.89 %Other252,826 — — %Total$41,073,452 $46,025 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).    

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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 June 30, 2025Agricultural Finance Mortgage Loans Concentrations by Commodity Type within Geographic RegionCropsPermanentPlantingsLivestockPart-timeFarmAg. Storage andProcessingOtherTotal(dollars in thousands)By geographic region(1):Northwest$711,295 $225,806 $341,001 $128,833 $39,118 $1,591 $1,447,644 5.5 %1.8 %2.7 %1.0 %0.3 %— %11.3 %Southwest776,251 1,854,799 625,762 120,262 240,459 22,675 3,640,208 6.0 %14.4 %4.9 %0.9 %1.9 %0.2 %28.3 %Mid-North2,771,270 10,655 294,772