Federal Agricultural Mortgage (AGM) 17th Annual Southwest IDEAS Conference summary

Conference logistics and introductions

• Presenters discussed session timing, Q&A format, and webcast considerations.

• Federal Agricultural Mortgage Corporation (Farmer Mac) was introduced, with Zach Carpenter and Jalpa Nazareth presenting.

Business overview and growth

• Organization manages $40B in assets, with $31B in business volume split between agriculture and infrastructure.

• Achieved low double-digit CAGR in revenue and EPS over the past decade.

• Diversified business model and lean operations, with high earnings per employee.

• Charter expanded over time to include rural infrastructure and direct loan holdings.

Market positioning and operations

• Functions as a secondary market, supporting financial institutions with liquidity and risk management.

• Nationwide reach, serving all 50 states and over 110 commodities.

• GSE funding advantage enables competitive pricing and stability.

• Solely debt-funded, with disciplined asset-liability management.