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Farmer Mac program

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HD6GTOM View Drop Down
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Joined: 30 Nov 2009
Location: MADISON CO IA
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Post Options Post Options   Thanks (0) Thanks(0)   Quote HD6GTOM Quote  Post ReplyReply Direct Link To This Post Topic: Farmer Mac program
    Posted: 13 Jul 2021 at 9:37pm
I never heard of it. I guess our former governor was appointed to the board.
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KJCHRIS View Drop Down
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Joined: 21 Dec 2015
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Post Options Post Options   Thanks (0) Thanks(0)   Quote KJCHRIS Quote  Post ReplyReply Direct Link To This Post Posted: 13 Jul 2021 at 10:46pm
Which former governor? 
What is this program for? 
AC 200, CAH, AC185D bareback, AC 180D bareback, D17 III, WF. D17 Blackbar grill, NF. D15 SFW. Case 1175 CAH, Bobcat 543B,
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Ray54 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ray54 Quote  Post ReplyReply Direct Link To This Post Posted: 14 Jul 2021 at 10:04am
Come on your on the confusser use a search engine. Wink May not tell everything, at least correctly in this day of filtered news. But it gives you a good idea.
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LouSWPA View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LouSWPA Quote  Post ReplyReply Direct Link To This Post Posted: 14 Jul 2021 at 3:50pm
Farmer Mac is a vital part of the agricultural credit market and provides financing solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer Mac programs are structured to help banks meet the challenges presented by farm and ranch customers as they cope with an increasingly complex financial environment.




Edited by LouSWPA - 14 Jul 2021 at 3:51pm
I am still confident of this;
I will see the goodness of the Lord in the land of the living.
Wait for the Lord;
be strong and take heart and wait for the Lord. Ps 27
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steve(ill) View Drop Down
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Joined: 11 Sep 2009
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 14 Jul 2021 at 4:03pm
Well... thats 60 seconds of my life that i will never get back !!... So WHAT exactly does it do for the BANK or the FARMER ??  HOW ?
Like them all, but love the "B"s.
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steve(ill) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 14 Jul 2021 at 4:06pm

Description

Adjustable and fixed-rate USDA guaranteed portions. Loans can be newly-originated or seasoned.

Eligibility Criteria

Qualified Loans

Any USDA Farm Service Agency (FSA) Farm Ownership (FO), Operating Loan (OL), or Conservation Loan (CL); or USDA Rural Development Business & Industry (B&I), Community Facility (CF), or Water and Environmental Program (WEP) guaranteed loan is eligible for sale through Farmer Mac 2.

Qualified Lenders

Any lender who is qualified to make FSA/RD loans is qualified to sell to Farmer Mac 2.

Qualified Borrowers

Any borrower who meets the lender’s as well as the FSA’s/RD’s criteria is eligible.



Edited by steve(ill) - 14 Jul 2021 at 4:07pm
Like them all, but love the "B"s.
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FREEDGUY View Drop Down
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Joined: 15 Apr 2017
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FREEDGUY Quote  Post ReplyReply Direct Link To This Post Posted: 14 Jul 2021 at 6:40pm
This has FANNIE MAE written ALL over it Confused
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Lars(wi) View Drop Down
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Joined: 14 Sep 2009
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Lars(wi) Quote  Post ReplyReply Direct Link To This Post Posted: 14 Jul 2021 at 8:48pm
I was gonna say it sounds like ‘Freddy Mac’, but for the agricultural community, hence the ‘Farmer Mac’ name.
I would very cautious, anytime gooberment is involved.
I tried to follow the science, but it was not there. I then followed the money, and that’s where I found the science.
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steve(ill) View Drop Down
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Joined: 11 Sep 2009
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 14 Jul 2021 at 9:30pm
" im from the GOVT and we are here to help".... Wink   Thumbs Up
Like them all, but love the "B"s.
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