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Farmer Mac: Revised Charter Enhances Secondary Market Activity, but Growth Depends on Various Factors
Farmer Mac: Revised Charter Enhances Secondary Market Activity, but Growth Depends on Various Factors
 
Our Price: $25.00
Year: 1999
Pages: 104
Binding Paperback

Product Code: 0756706866

Description
 
Richard J. Hillman (au). The Federal Agricultural Mortgage Corp. (Farmer Mac-(FM)) is a government-sponsored (GS) enterprise that was established to create a secondary market (SM) in agricultural mortgages, thus improving the availability of agricultural mortgage credit. To relieve impediments that had limited FMs ability to function efficiently, Congress passed the Farm Credit System Reform Act of 1996, which revised FMs authorities. This report reviews the progress that FM has made in achieving its mission & examines its viability. The objectives were to: (1) examine actions taken by FM to promote the development of a SM, & (2) analyze FMs future viability & discuss the potential benefits & costs of a GS SM for agricultural mortgages. Charts & tables.

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