---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-25-000256"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2025-12-03T23:59:59+00:00"
generated_at: "2026-05-16T15:34:22.845274+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac closes $313.5M agricultural mortgage-backed securitization (FARM Series 2025-2)

## Summary
- Securitization of 343 agricultural loans totaling $313.5M; includes $290M guaranteed senior tranche and $23.5M unguaranteed subordinate tranche.
- Senior tranche split into three classes (A, A-1, A-2) with different principal repayment cashflows to enhance investor demand.
- CEO Brad Nordholm: transaction reflects strength of Farmer Mac’s portfolio and robust institutional investor demand for agricultural assets.
- President Zack Carpenter: anticipate introducing a new securitization product in 2026 to support investor demand and mission alignment.
- Joint bookrunners: BofA Securities, J.P. Morgan, Raymond James, CastleOak Securities, and Seaport Global Securities.

## SEC filing metadata
- accession: 0000845877-25-000256
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2025-12-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587725000256/0000845877-25-000256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587725000256/agm-20251203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-25-000256
- JSON: https://secwatch.observer/filing/0000845877-25-000256.json
- Plain text: https://secwatch.observer/filing/0000845877-25-000256.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.