Events

Before listening to the live webcast or the recording of Farmer Mac’s Investor Conference Call, you are required to read the following advice concerning certain statements made during that call.

Forward-Looking Statements

Farmer Mac’s actual results to differ materially from the expectations as expressed or implied by the forward-looking statements, including the factors discussed under “Risk Factors” in Part I, Item 1A of Farmer Mac’s 2024 Annual Report, as well as uncertainties about:

• the availability to Farmer Mac of debt and equity financing and, if available, the reasonableness of rates and terms;
• legislative, regulatory, or current or future political developments that could affect Farmer Mac, its sources of business, or agricultural or infrastructure industries;
• fluctuations in the fair value of assets held by Farmer Mac and its subsidiaries;
• the level of lender interest in Farmer Mac’s products and the secondary market provided by Farmer Mac;
• the general rate of growth in agricultural mortgage and infrastructure indebtedness;
• the effect of economic conditions stemming from disruptive global events or otherwise on agricultural mortgage or infrastructure lending, borrower repayment capacity, or collateral values, including inflation, fluctuations in interest rates, changes in U.S. trade policies (including tariffs and trade restrictions), fluctuations in export demand for U.S. agricultural products and foreign currency exchange rates, supply chain disruptions, increases in input costs, labor availability, and volatility in commodity prices;
• the degree to which Farmer Mac is exposed to interest rate risk resulting from fluctuations in Farmer Mac’s borrowing costs relative to market indexes;
• developments in the financial markets, including possible investor, analyst, and rating agency reactions to events involving government-sponsored enterprises, including Farmer Mac;
• the effects of the Federal Reserve’s efforts to achieve monetary policy normalization to respond to inflation and employment levels; and
• other factors that could hinder agricultural mortgage lending or borrower repayment capacity, including the effects of severe weather, flooding and drought, or fluctuations in agricultural real estate values.

Other risk factors are discussed in “Risk Factors” in Part I, Item 1A in Farmer Mac’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 3, 2025. Considering these potential risks and uncertainties, no undue reliance should be placed on any forward-looking statements expressed on this call. The forward-looking statements expressed on this call represent management’s expectations as of the date of this call. Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements expressed on this call to reflect new information or any future events or circumstances, except as otherwise mandated by the SEC. The information contained on this call is not necessarily indicative of future results.

By clicking the Accept button below, you acknowledge that you have read and understood the above paragraph concerning Forward-Looking Statements.

Accept

Before listening to the live webcast or the recording of Farmer Mac’s Investor Conference Call, you are required to read the following advice concerning certain statements made during that call.

Forward-Looking Statements

Farmer Mac’s actual results to differ materially from the expectations as expressed or implied by the forward-looking statements, including the factors discussed under “Risk Factors” in Part I, Item 1A of Farmer Mac’s 2024 Annual Report, as well as uncertainties about:

• the availability to Farmer Mac of debt and equity financing and, if available, the reasonableness of rates and terms;
• legislative, regulatory, or current or future political developments that could affect Farmer Mac, its sources of business, or agricultural or infrastructure industries;
• fluctuations in the fair value of assets held by Farmer Mac and its subsidiaries;
• the level of lender interest in Farmer Mac’s products and the secondary market provided by Farmer Mac;
• the general rate of growth in agricultural mortgage and infrastructure indebtedness;
• the effect of economic conditions stemming from disruptive global events or otherwise on agricultural mortgage or infrastructure lending, borrower repayment capacity, or collateral values, including inflation, fluctuations in interest rates, changes in U.S. trade policies (including tariffs and trade restrictions), fluctuations in export demand for U.S. agricultural products and foreign currency exchange rates, supply chain disruptions, increases in input costs, labor availability, and volatility in commodity prices;
• the degree to which Farmer Mac is exposed to interest rate risk resulting from fluctuations in Farmer Mac’s borrowing costs relative to market indexes;
• developments in the financial markets, including possible investor, analyst, and rating agency reactions to events involving government-sponsored enterprises, including Farmer Mac;
• the effects of the Federal Reserve’s efforts to achieve monetary policy normalization to respond to inflation and employment levels; and
• other factors that could hinder agricultural mortgage lending or borrower repayment capacity, including the effects of severe weather, flooding and drought, or fluctuations in agricultural real estate values.

Other risk factors are discussed in “Risk Factors” in Part I, Item 1A in Farmer Mac’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 3, 2025. Considering these potential risks and uncertainties, no undue reliance should be placed on any forward-looking statements expressed on this call. The forward-looking statements expressed on this call represent management’s expectations as of the date of this call. Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements expressed on this call to reflect new information or any future events or circumstances, except as otherwise mandated by the SEC. The information contained on this call is not necessarily indicative of future results.

By clicking the Accept button below, you acknowledge that you have read and understood the above paragraph concerning Forward-Looking Statements.

Accept

Before listening to the live webcast or the recording of Farmer Mac’s Investor Conference Call, you are required to read the following advice concerning certain statements made during that call.

Forward-Looking Statements

Farmer Mac’s actual results to differ materially from the expectations as expressed or implied by the forward-looking statements, including the factors discussed under “Risk Factors” in Part I, Item 1A of Farmer Mac’s 2024 Annual Report, as well as uncertainties about:

• the availability to Farmer Mac of debt and equity financing and, if available, the reasonableness of rates and terms;
• legislative, regulatory, or political developments that could affect Farmer Mac, its sources of business, or agricultural or infrastructure industries;
• fluctuations in the fair value of assets held by Farmer Mac and its subsidiaries;
• the level of lender interest in Farmer Mac’s products and the secondary market provided by Farmer Mac;
• the general rate of growth in agricultural mortgage and infrastructure indebtedness;
• the effect of economic conditions stemming from disruptive global events or otherwise on agricultural mortgage or infrastructure lending, borrower repayment capacity, or collateral values, including inflation, fluctuations in interest rates, changes in U.S. trade policies (including tariffs and trade restrictions), fluctuations in export demand for U.S. agricultural products and foreign currency exchange rates, supply chain disruptions, increases in input costs, labor availability, and volatility in commodity prices;
• the degree to which Farmer Mac is exposed to interest rate risk resulting from fluctuations in Farmer Mac’s borrowing costs relative to market indexes;
• developments in the financial markets, including possible investor, analyst, and rating agency reactions to events involving government-sponsored enterprises, including Farmer Mac;
• the effects of the Federal Reserve’s efforts to achieve monetary policy normalization to respond to inflation and employment levels; and
• other factors that could hinder agricultural mortgage lending or borrower repayment capacity, including the effects of severe weather, flooding and drought, or fluctuations in agricultural real estate values.

Considering these potential risks and uncertainties, no undue reliance should be placed on any forward-looking statements expressed in this report. Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements to reflect new information or any future events or circumstances, except as otherwise required by applicable law. The information in this report is not necessarily indicative of future results.

Other risk factors are discussed in “Risk Factors” in Part I, Item 1A in Farmer Mac’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 9, 2025. Considering these potential risks and uncertainties, no undue reliance should be placed on any forward-looking statements expressed on this call. The forward-looking statements expressed on this call represent management’s expectations as of the date of this call. Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements expressed on this call to reflect new information or any future events or circumstances, except as otherwise mandated by the SEC. The information contained on this call is not necessarily indicative of future results.

By clicking the Accept button below, you acknowledge that you have read and understood the above paragraph concerning Forward-Looking Statements.

Accept

Before listening to the live webcast or the recording of Farmer Mac’s Investor Conference Call, you are required to read the following advice concerning certain statements made during that call.

Forward-Looking Statements

Farmer Mac’s actual results to differ materially from the expectations as expressed or implied by the forward-looking statements, including the factors discussed under “Risk Factors” in Part I, Item 1A of Farmer Mac’s 2024 Annual Report, as well as uncertainties about:

• the availability to Farmer Mac of debt and equity financing and, if available, the reasonableness of rates and terms;
• legislative, regulatory, or political developments that could affect Farmer Mac, its sources of business, or agricultural or infrastructure industries;
• fluctuations in the fair value of assets held by Farmer Mac and its subsidiaries;
• the level of lender interest in Farmer Mac’s products and the secondary market provided by Farmer Mac;
• the general rate of growth in agricultural mortgage and infrastructure indebtedness;
• the effect of economic conditions stemming from disruptive global events or otherwise on agricultural mortgage or infrastructure lending, borrower repayment capacity, or collateral values, including inflation, fluctuations in interest rates, changes in U.S. trade policies (including tariffs and trade restrictions), fluctuations in export demand for U.S. agricultural products and foreign currency exchange rates, supply chain disruptions, increases in input costs, labor availability, and volatility in commodity prices;
• the degree to which Farmer Mac is exposed to interest rate risk resulting from fluctuations in Farmer Mac’s borrowing costs relative to market indexes;
• developments in the financial markets, including possible investor, analyst, and rating agency reactions to events involving government-sponsored enterprises, including Farmer Mac;
• the effects of the Federal Reserve’s efforts to achieve monetary policy normalization to respond to inflation and employment levels; and
• other factors that could hinder agricultural mortgage lending or borrower repayment capacity, including the effects of severe weather, flooding and drought, or fluctuations in agricultural real estate values.

Considering these potential risks and uncertainties, no undue reliance should be placed on any forward-looking statements expressed in this report. Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements to reflect new information or any future events or circumstances, except as otherwise required by applicable law. The information in this report is not necessarily indicative of future results.

Other risk factors are discussed in “Risk Factors” in Part I, Item 1A in Farmer Mac’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 9, 2025. Considering these potential risks and uncertainties, no undue reliance should be placed on any forward-looking statements expressed on this call. The forward-looking statements expressed on this call represent management’s expectations as of the date of this call. Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements expressed on this call to reflect new information or any future events or circumstances, except as otherwise mandated by the SEC. The information contained on this call is not necessarily indicative of future results.

By clicking the Accept button below, you acknowledge that you have read and understood the above paragraph concerning Forward-Looking Statements.

Accept