Risk Factors Update Summary
- The number of billion-dollar weather disasters increased from 18 in 2023 to 28 in 2024.
- Drought conditions intensified in various U.S. regions, with 14% in severe to exceptional drought.
- Farmer Mac's portfolio saw an increase in the aggregate notional balance of cleared swaps from $19.5 billion to $20 billion.
- The percentage of loan purchase volume generated by ten institutions rose from 71% to 81%.
- Farmer Mac's outstanding principal amount of AgVantage securities increased from $9 billion to $10 billion.
- Farmer Mac's investment securities guaranteed by GSEs decreased from $3.2 billion to $2.7 billion.
- Farmer Mac's cash and cash equivalents increased from $5.5 billion to $5.9 billion.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=845877&owner=exclude
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