The Group's principal activity is to provide a secondary market for agricultural real estate and rural housing mortgage loans and to increase the availability of long-term credit at stable interest rates to farmers, ranchers and rural homeowners. The Group's secondary market for agricultural mortgage loans provides liquidity and lending capacity to agricultural mortgage lenders. The services provided by the Group also includes purchasing qualified loans directly from lenders; exchanging qualified loans for securities; issuing long-term standby purchase commitments for newly originated and seasoned eligible mortgage loans and purchasing and guaranteeing mortgage-backed bonds secured by eligible mortgage loans known as AgVantage bonds. The Group conducts its activities through three programs: Farmer Mac I, Farmer Mac II and Rural Utilities. The Group operates throughout United States.
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