Recent Updates — AGM-A
Federal Agricultural Mortgage Corporation appointed Robert J. Maines as Executive Vice President – Chief Operations Officer effective August 17, 2026, with an annual salary of $440,000 and a target equity award value of at least $225,000 starting in 2027. The company also announced the appointment of Nader Pasdar as Executive Vice President – Chief Business Officer, effective August 17, 2026, who previously served as CEO of Rabo Securities and Managing Director for Rabobank North America. These executive changes support the leadership team under President and CEO Zachary N. Carpenter. Farmer Mac operates in the agricultural finance industry, providing secondary market liquidity for American agriculture and rural infrastructure.
On August 12, 2026, the Board of Directors declared a quarterly cash dividend of $1.60 per share for Class A Voting Common Stock and Class C Non-Voting Common Stock. The common stock dividend is payable on September 30, 2026, to holders of record as of September 15, 2026. Additionally, the Board declared quarterly dividends on six classes of preferred stock: Series D ($0.35625), Series E ($0.359375), Series F ($0.328125), Series G ($0.3046875), Series H ($0.40625), and Series I ($0.4296875) per share. These preferred dividends are payable on the business day following October 17, 2026, to holders of record as of October 1, 2026. Farmer Mac operates in the financial services industry, providing secondary market liquidity for agricultural and rural infrastructure financing.
Federal Agricultural Mortgage Corporation reported second quarter 2026 financial results, achieving record net income attributable to common stockholders of $58.9 million, or $5.41 per diluted share. Outstanding business volume grew 22% year-over-year to a record $37.2 billion, while net interest income increased 22% to $118.1 million. The company also issued $100.0 million of Series I non-cumulative preferred stock and returned $25 million to shareholders through dividends during the quarter. Farmer Mac operates in the agricultural finance sector, providing liquidity for American agriculture and rural infrastructure.
Federal Agricultural Mortgage Corporation announced it will release its financial results for the fiscal quarter ended June 30, 2026, on July 30, 2026, after the close of equity markets. A conference call to discuss these results is scheduled for July 30, 2026, at 4:30 p.m. Eastern time. The company provides liquidity to the American agricultural and rural infrastructure sectors.
Federal Agricultural Mortgage Corporation (Farmer Mac) Farmer Mac announced the earlier retirement of CEO Bradford T. Nordholm, effective July 1, 2026, and the appointment of Zachary N. Carpenter to the role of Chief Executive Officer, effective the same date. Mr. Nordholm will serve as a senior advisor and CEO Emeritus until September 30, 2026.