Farmer Mac Touts $8B Portfolio

The Federal Agricultural Mortgage Corp., Washington, D.C., has announced the guarantee of a $1 billion note transaction that boosted its total guarantee volume to a record level of over $8 billion.Farmer Mac said the transaction was part of the government-sponsored enterprise's AgVantage program, which guarantees timely payment of principal and interest on notes issued by a trust and secured by the corporate obligation of an agricultural mortgage lender, which is in turn secured by agricultural mortgages. Farmer Mac can be found online at http://www.farmermac.com.