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TeachMeFinance.com - explain Farmer Mac (Federal Agricultural Mortgage Corporation) Farmer Mac (Federal Agricultural Mortgage Corporation) The term 'Farmer Mac (Federal Agricultural Mortgage Corporation) ' as it applies to the area of agriculture can be defined as ' Created by the Agricultural Credit Act of 1987 as a federally chartered, private corporation responsible for guaranteeing the timely repayment of principal and interest to investors in a new agricultural secondary market. The secondary market allows a lending institution to sell a qualified farm real estate loan to an agricultural mortgage marketing facility, or pooler, which packages these loans, and sells to investors securities that are backed by, or represent interests in, the pooled loans. Farmer Mac guarantees the timely repayment of principal and interest on these securities and, under authorities granted in 1995, can also serve as a loan pooler'. Previous 5 Terms: Farm Services Agency (FSA) Farm size Farm to retail price spread Farm use Farmed wetlands Next 5 Terms: Farmer-Owned Grain Reserve (FOR) Farmers Home Administration (FmHA) Farmers Market Nutrition Program Farmland Farmland protection About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.