Farmer Mac Touts $7B Volume

The Federal Agricultural Mortgage Corp., Washington, D.C., has announced that its outstanding program volume has reached a record level of about $7 billion.The new level was achieved with the completion of a recent guarantee transaction involving $1 billion of five-year agricultural mortgage-backed notes. The notes are collateralized by an obligation of Metropolitan Life Insurance Co. that is, in turn, collateralized by Farmer Mac-eligible agricultural real estate mortgage loans, Farmer Mac said. The government-sponsored enterprise can be found online at http://www.farmermac.com.