The total mortgage portfolio is $5.5 billion, including $300 million for farm loans.
They were created in the same periods, with the initial purpose of offering farm loans.
Farmer Mac relies heavily on them in its efforts to build a secondary market for farm loans.
He later became Supervisor of the company's farm loans, a position in which he served until his death.
Some home mortgage companies are reluctant to lend to buyers because they did not generally make farm loans.
Initially, the company strove to issue a new bundle of standardized farm loans every 60 days.
The mandatory programs include commodity programs, crop insurance, and certain farm loans.
Dad became the guy who had to service Metropolitan's old farm loans, most of which were in default.
Major insurance companies, such as Prudential, that hold large portfolios of farm loans are also said to be involved.
The agency's total farm loan portfolio is about $25 billion.