Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 115

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 115
---
 flow, cash flow multiples, asset liquidation, or other valuation techniques. 

93

The following table presents Farmer Mac's cumulative net credit losses relative to the cumulative original balance for all Agricultural Finance mortgage loans as of June 30, 2025 by year of origination, geographic region, and commodity/collateral type. The purpose of this table is to present information about realized credit losses relative to original Farm & Ranch purchases, guarantees, and commitments.

Table 26Agricultural Finance Mortgage Loans Credit Losses Relative to CumulativeOriginal Loans, Guarantees, and LTSPCs as of June 30, 2025Cumulative Original Loans, Guarantees and LTSPCs Cumulative Net Credit Losses/(Recoveries) Cumulative Loss Rate (dollars in thousands)By year of origination:   2015 and prior$21,197,530 $33,270 0.16 %20161,640,916 971 0.06 %20171,750,537 4,311 0.25 %20181,475,633 — %20191,683,730 1,165 0.07 %20203,119,959 1,588 0.05 %20213,466,711 446 0.01 %20222,087,154 455 0.02 %20231,465,736 3,819 0.26 %20241,872,815 — — %20251,312,731 — %Total$41,073,452 $46,025 0.11 %By geographic region(1):   Northwest$4,991,259 $12,162 0.24 %Southwest13,231,807 15,114 0.11 %Mid-North10,240,448 17,165 0.17 %Mid-South6,272,991 (612)(0.01)%Northeast2,142,957 1,224 0.06 %Southeast4,193,990 972 0.02 %Total$41,073,452 $46,025 0.11 %By commodity/collateral type:   Crops$18,925,959 $4,958 0.03 %