Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 194

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 194
---
)(8,759)Loans serviced for othersOff-balance sheet(15,233)(20,642)Total Farm & Ranch$(512,453)$92,105 Corporate AgFinance:LoansOn-balance sheet$(10,472)$(1,217)AgVantage Securities(1)On-balance sheet(12,569)80,486 Unfunded loan commitmentsOff-balance sheet24,699 (6,954)Total Corporate AgFinance$1,658 $72,315 Total Agricultural Finance$(510,795)$164,420 Infrastructure Finance:Power & Utilities:LoansOn-balance sheet$133,899 $51,544 AgVantage Securities(1)On-balance sheet275,406 (19,175)LTSPCs and unfunded loan commitmentsOff-balance sheet(30,705)(41,401)Total Power & Utilities$378,600 $(9,032)Broadband Infrastructure:LoansOn-balance sheet$35,629 $(37,526)Unfunded loan commitmentsOff-balance sheet136,740 3,558 Total Broadband Infrastructure$172,369 $(33,968)Renewable Energy:LoansOn-balance sheet$164,979 $137,972 Unfunded loan commitmentsOff-balance sheet27,160 116,814 Total Renewable Energy$192,139 $254,786 Total Infrastructure Finance$743,108 $211,786 Total$232,313 $376,206 

(1)Categories of Farmer Mac Guaranteed Securities.

(2)An interest-only Farmer Mac Guaranteed Security retained as part of a structured securitization.

65

(3)Other categories of Farmer Mac Guaranteed Securities that were sold by Farmer Mac to third parties.

Farmer Mac's outstanding business volume was $29.8 billion as of March 31, 2025, a net increase of $0.2 billion from December 31, 2024 after taking into account all new business, maturities, sales, and paydowns on existing assets. 

The $0.5 billion net decrease in Farm & Ranch during first quarter 2025 was primarily attributable to maturities of AgVantage securities that our counterparties did not re-issue. This activity primarily reflected slower loan growth resulting in less liquidity needs from Farmer Mac's AgVantage counterparties than in previous periods.

The $0.4 billion