Federal Agricultural Mortgage AGM Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total by Business | ||||||
| Corporate AgFinance | $290.7M+1.0% | $249.66M-12.8% | $324.99M+11.7% | $328.57M+22.0% | $287.84M+12.4% | |
| Farm & Ranch | $457.88M+9.7% | $463.88M+3.7% | $436.23M+10.1% | $425.32M+8.0% | $417.22M+9.5% | |
| Other income/(expense) by Business | ||||||
| Broadband Infrastructure | -$56K— | $0— | $0— | $0— | $0— | |
| Corporate AgFinance | $0— | $0+100% | $111K+185% | $345K+130% | $0-100% | |
| Farm & Ranch | $875K-28.4% | —— | $1.08M-8.2% | $313K-39.5% | $1.22M+22.8% | |
| Funding | $0— | $0— | $0— | $0— | $0— | |
| Investments | $0-100% | -$163K-5,533% | -$1K-110% | $14K-98.7% | $22K+450% | |
| Power & Utilities | $0— | $0— | -$7K— | $0— | $0— | |
| Renewable Energy | $0— | $0— | $0— | $8K— | $0— | |
| Segment Core Earnings by Business | ||||||
| Broadband Infrastructure | $3.94M+62.0% | $307K-78.2% | $2.61M+213% | $2.02M+32.7% | $2.43M-30.7% | |
| Corporate AgFinance | $3.72M-19.9% | —— | $2.73M+17.9% | $4.89M+1,581% | $4.64M-11.0% | |
| Farm & Ranch | $25.86M-1.6% | $25.57M+6.6% | $23.48M-15.2% | $22.96M-12.4% | $26.27M+4.9% | |
| Funding | $23.88M+4.9% | $24.15M+10.6% | $25.33M+12.3% | $22.65M+2.6% | $22.76M-3.7% | |
| Investments | $409K-50.8% | $876K-22.1% | $261K+5.2% | $976K+15.8% | $832K+522% | |
| Power & Utilities | $4.47M+30.0% | $3.95M+14.9% | $4.28M+42.1% | $3.65M+0.6% | $3.44M+3.9% | |
| Renewable Energy | $5.97M+204% | $6.16M+799% | $4.66M+140% | $2.39M+233% | $1.97M+11,459% | |
| Income Tax Expense (Benefit), Adjusted by Business | ||||||
| Broadband Infrastructure | $1.05M+62.0% | $81K-78.3% | $695K+213% | $537K+32.6% | $647K-30.7% | |
| Corporate AgFinance | $988K-20.0% | —— | $727K+18.0% | $1.3M+1,577% | $1.24M-10.9% | |
| Farm & Ranch | $6.62M-5.2% | $6.8M+6.7% | $6.24M-15.3% | $6.1M-12.4% | $6.98M+4.9% | |
| Funding | $6.35M+4.9% | $6.42M+10.7% | $6.73M+12.3% | $6.02M+2.6% | $6.05M-3.7% | |
| Investments | $109K-50.7% | $233K-21.8% | $70K+6.1% | $260K+16.1% | $221K+525% | |
| Power & Utilities | $1.19M+30.1% | $1.05M+15.0% | $1.14M+41.9% | $970K+0.4% | $913K+3.8% | |
| Renewable Energy | $1.59M+204% | $1.64M+795% | $1.24M+140% | $637K+232% | $522K+12,950% | |
| Interest Income by Business | ||||||
| Broadband Infrastructure | $16.12M+48.8% | $15.74M+45.1% | $13.38M+34.4% | $12.16M+39.3% | $10.83M+24.6% | |
| Corporate AgFinance | $25.17M+0.2% | $25.17M+0.4% | $26.66M+7.4% | $25.48M-2.1% | $25.12M+0.9% | |
| Farm & Ranch | $168.99M+12.9% | $158.41M+5.7% | $154.02M-1.0% | $152.22M-3.2% | $149.68M-1.7% | |
| Funding | $19.2M-41.8% | $32.29M-34.4% | $36.14M-37.8% | $35.62M-37.3% | $32.98M-45.3% | |
| Investments | $80.65M+4.1% | $81.69M+2.9% | $86.78M+9.6% | $82.6M+9.0% | $77.49M+2.2% | |
| Power & Utilities | $73.86M+13.6% | $71.31M+13.9% | $69.75M+8.4% | $67.45M+0.1% | $65M-2.0% | |
| Renewable Energy | $31.96M+57.3% | $31.85M+69.8% | $28.62M+82.5% | $23.49M+103% | $20.32M+149% | |
| Total on- and off-balance sheet segment assets at principal balance by Business | ||||||
| Funding | $0— | $0— | $0— | $0— | $0— | |
| Investments | $0— | $0— | $0— | $0— | $0— | |
| Noninterest Expense, Excluding Loan, Lease and Other Losses, Adjusted by Business | ||||||
| Broadband Infrastructure | $1.71M+62.1% | $1.42M+33.6% | $1.36M+53.6% | $1.27M+42.7% | $1.05M+27.2% | |
| Corporate AgFinance | $2.48M+16.3% | $2.73M+21.0% | $3.13M+65.4% | $2.38M+24.8% | $2.13M+15.3% | |
| Farm & Ranch | $8.17M+23.8% | $7.33M+11.6% | $6.72M+8.8% | $7.02M+19.7% | $6.6M+7.6% | |
| Funding | $2.42M-13.5% | $3.13M-13.5% | $2.71M+15.2% | $3M+29.6% | $2.8M+9.2% | |
| Investments | $824K+0.1% | $899K-17.3% | $760K+19.1% | $888K+35.8% | $823K+12.9% | |
| Power & Utilities | $1.1M-2.3% | $1.17M+4.4% | $1.12M+11.2% | $1.16M+13.8% | $1.12M-0.7% | |
| Renewable Energy | $1.89M+10.7% | $1.72M+23.5% | $1.65M+37.0% | $1.56M+31.5% | $1.71M+59.9% | |
| Total Loans by Business | ||||||
| Corporate AgFinance | $1.5B+9.6% | $1.46B+5.7% | $1.45B+11.9% | $1.45B+12.8% | $1.37B+9.0% | |
| Farm & Ranch | $8.87B+18.1% | $8.48B+13.8% | $8.12B+16.5% | $7.91B+14.6% | $7.51B+12.8% | |
| Reconciling Adjustments From Net Interest Income To Net Effective Spread, Net by Business | ||||||
| Broadband Infrastructure | $0— | $0— | $0— | $0— | $0— | |
| Corporate AgFinance | $0— | $0— | $0— | $0— | $0— | |
| Farm & Ranch | $928K-7.8% | $970K-1.5% | $1.1M+3.6% | $984K-28.0% | $1.01M-3.7% | |
| Funding | -$1.33M-1,449% | $2.14M-56.3% | -$324K-206% | $2.03M-13.6% | -$86K-104% | |
| Investments | -$242K— | $0— | -$93K— | -$136K— | $0— | |
| Power & Utilities | $43K+53.6% | $25K— | $26K-10.3% | $25K-3.8% | $28K-15.2% | |
| Renewable Energy | $0— | $0— | $0— | $0— | $0— | |
| Net Effective Spread by Business | ||||||
| Broadband Infrastructure | $5.83M+63.4% | $5.61M+64.3% | $4.38M+56.7% | $3.93M+64.3% | $3.57M+52.3% | |
| Corporate AgFinance | $8.94M+3.5% | $8.6M+9.0% | $9.05M+41.4% | $8.61M+9.4% | $8.64M+8.4% | |
| Farm & Ranch | $37.67M+11.2% | $36.18M+11.1% | $34.84M-2.6% | $35.71M+4.5% | $33.89M+3.2% | |
| Funding | $32.65M+3.3% | $33.69M+7.8% | $34.78M+12.5% | $31.67M+4.6% | $31.6M-2.7% | |
| Investments | $1.34M-27.6% | $2.15M-14.2% | $1.09M+15.2% | $2.11M+219% | $1.85M+290% | |
| Power & Utilities | $6.49M+21.8% | $6.16M+21.7% | $5.91M+23.5% | $5.64M+7.3% | $5.33M+9.0% | |
| Renewable Energy | $9.08M+77.6% | $9M+85.1% | $7.73M+103% | $6.23M+108% | $5.11M+149% | |
| Total interest expense by Business | ||||||
| Broadband Infrastructure | $10.3M+41.7% | $10.13M+36.3% | $9M+25.6% | $8.23M+29.9% | $7.27M+14.4% | |
| Corporate AgFinance | $16.23M-1.5% | $16.57M-3.5% | $17.62M-4.5% | $16.88M-7.1% | $16.48M-2.6% | |
| Farm & Ranch | $130.39M+13.6% | $121.26M+4.2% | $118.08M-0.6% | $115.52M-5.1% | $114.79M-3.0% | |
| Funding | -$12.11M-930% | —— | $1.69M-93.7% | $1.92M-92.1% | $1.46M-94.3% | |
| Investments | $79.55M+5.2% | $79.54M+3.4% | $85.79M+9.6% | $80.63M+7.3% | $75.64M+0.4% | |
| Power & Utilities | $67.33M+12.9% | $65.13M+13.1% | $63.81M+7.2% | $61.79M-0.5% | $59.64M-2.8% | |
| Renewable Energy | $22.88M+50.5% | $22.86M+64.4% | $20.89M+76.0% | $17.27M+101% | $15.2M+149% | |
| Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal), Adjusted by Business | ||||||
| Broadband Infrastructure | -$47K+79.5% | $4.66M— | $410K-57.1% | $666K+280% | -$229K+91.9% | |
| Corporate AgFinance | $2.02M+144% | $11.1M+11,580% | $2.79M+56.7% | $614K-88.5% | $828K+319% | |
| Farm & Ranch | $2.86M+1,581% | $268K-35.1% | $4.05M+40,600% | $4.49M+1,719% | -$193K-139% | |
| Funding | $0— | $0— | $0— | $0— | $0— | |
| Investments | $0— | -$21K-2,200% | -$6K-700% | $1K+200% | $0+100% | |
| Power & Utilities | -$61K-179% | —— | -$424K-316% | $73K+163% | $77K+144% | |
| Renewable Energy | $56K-94.9% | $0-100% | $616K+82.8% | $1.96M+75.8% | $1.1M+7.6% | |
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff by Business | ||||||
| Corporate AgFinance | $2.18M— | $11.64M+2,458% | $3.18M— | $0-100% | $0— | |
| Farm & Ranch | $0— | $1.98M— | $1.24M— | $2.84M+2,712% | $0— | |
| Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss by Business | ||||||
| Corporate AgFinance | $1.5B+9.6% | $1.46B+5.7% | $1.45B+11.9% | $1.45B+12.8% | $1.37B+9.0% | |
| Farm & Ranch | $8.87B+18.1% | $8.48B+13.8% | $8.12B+16.5% | $7.91B+14.6% | $7.51B+12.8% | |
| Recovery by Business | ||||||
| Corporate AgFinance | $0-100% | $0— | $554K— | $40K— | $83K— | |
| Farm & Ranch | $0— | $0— | $1.68M— | $0— | $0— | |
| Guarantee and commitment fees by Business | ||||||
| Broadband Infrastructure | $875K+160% | $851K+307% | $701K+561% | $564K+907% | $336K+261% | |
| Corporate AgFinance | $267K+35.5% | $278K+47.1% | $218K+29.8% | $224K+76.4% | $197K+126% | |
| Farm & Ranch | $4.95M+8.8% | $4.55M+5.9% | $4.57M+6.2% | $4.55M-1.3% | $4.55M+1.5% | |
| Funding | $0— | $0— | $0— | $0— | $0— | |
| Investments | $0— | $0— | $0— | $0— | $0— | |
| Power & Utilities | $200K-9.5% | $202K-13.3% | $212K-8.6% | $215K-12.2% | $221K-13.7% | |
| Renewable Energy | $421K+130% | $417K+161% | $429K+129% | $320K+48.1% | $183K+195% | |
| Charge-offs by Business | ||||||
| Corporate AgFinance | $347K— | $1.61M-59.2% | $0— | $0— | $0— | |
| Farm & Ranch | $0— | $1.68M— | $0— | $0— | $0— | |
| Nonaccrual Loans by Business | ||||||
| Corporate AgFinance | $27.71M-38.3% | $45.18M-0.4% | $53.58M+12.4% | $37.61M+150% | $44.91M+292% | |
| Farm & Ranch | $220.11M+45.0% | $179.48M+45.3% | $188.2M+101% | $141.89M+73.4% | $151.8M+79.0% | |
| Provision for losses by Business | ||||||
| Corporate AgFinance | $1.97M+96.5% | $11.14M+17,042% | $2.81M+60.2% | $605K-88.8% | $1M+364% | |
| Farm & Ranch | $3.1M+343% | $247K+155% | $4.07M+2,507% | $4.4M+1,720% | $700K-50.0% | |
| Allowance for Losses by Business | ||||||
| Corporate AgFinance | $6.42M+2.0% | $6.63M+23.3% | $7.13M+23.6% | $6.94M+73.0% | $6.3M+145% | |
| Farm & Ranch | $12.32M+143% | $9.4M+83.2% | $11.13M+130% | $6.64M+41.9% | $5.07M+11.8% | |
| Loans modified by Business | ||||||
| Corporate AgFinance | $0— | —— | —— | —— | $0— | |
| Farm & Ranch | $18.1M+170% | —— | —— | —— | $6.7M-43.8% | |
| Total Loans by Product | ||||||
| In Consolidated Trusts | $2.39B+19.2% | $2.48B+21.8% | $2.21B+28.3% | $2.28B+29.2% | $2.01B+42.3% | |
| Unsecuritized | $15.21B+27.0% | $14.22B+22.9% | $13.52B+23.6% | $12.57B+20.8% | $11.98B+17.5% | |
| Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss by Product | ||||||
| In Consolidated Trusts | $2.39B+19.2% | $2.48B+21.8% | $2.2B+28.3% | $2.27B+29.2% | $2B+42.3% | |
| Unsecuritized | $14.82B+27.6% | $13.84B+23.9% | $13.16B+23.6% | $12.21B+21.7% | $11.62B+18.3% | |
| Financing Receivable, Excluding Accrued Interest, Before Allowance for Credit Loss And Loans Held-For-Sale Fair Value Disclosure by Product | ||||||
| In Consolidated Trusts | $2.39B+19.2% | $2.48B+21.8% | $2.21B+28.3% | $2.28B+29.2% | $2.01B+42.3% | |
| Unsecuritized | $14.86B+27.6% | $13.88B+24.0% | $13.19B+23.7% | $12.23B+21.8% | $11.64B+18.3% | |
| Allowance for Losses by Product | ||||||
| In Consolidated Trusts | $1.65M+135% | $1.11M+76.8% | $823K+29.2% | $703K+15.4% | $700K+54.9% | |
| Unsecuritized | $38.27M+57.1% | $36.67M+62.3% | $34.52M+78.7% | $29.25M+84.1% | $24.36M+76.0% | |
| Unamortized premiums, discounts, fair value hedge basis adjustment, and other cost basis adjustments by Product | ||||||
| In Consolidated Trusts | $0— | $0— | $0— | $0— | $0— | |
| Unsecuritized | -$354M-4.6% | -$347.46M+8.9% | -$323.78M-22.0% | -$331.17M+8.7% | -$338.4M+4.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Federal Agricultural Mortgage break its business down?
- Federal Agricultural Mortgage (AGM) reports total by business across 2 parts — Corporate AgFinance and Farm & Ranch. Each is extracted from the segment footnotes and tracked over time.
- Where does Federal Agricultural Mortgage's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Federal Agricultural Mortgage's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.