Thursday, August 14, 2008

$475 Million of 3-Year Farmer Mac Guaranteed Notes Offered

WASHINGTON, Aug. 14 /PRNewswire-FirstCall/ -- The Federal Agricultural
Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A), announced today the
offering of $475 million of 3-year maturity Notes to be guaranteed by
Farmer Mac. The Notes will be an obligation of M&I Marshall & Ilsley Bank,
collateralized by Farmer Mac-eligible agricultural real estate mortgage
loans. Farmer Mac will fully and unconditionally guarantee the timely
payment of interest and principal on the Notes. The Notes are expected to
be rated "Aaa" by Moody's Investors Service, Inc. and "AAA" by DBRS, Inc.

This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, nor shall there be any sale of the Notes
in any jurisdiction in which such offer, solicitation or sale would be
unlawful.

Farmer Mac is a stockholder-owned instrumentality of the United States
chartered by Congress to establish a secondary market for agricultural real
estate and rural housing mortgage loans and rural utilities loans and to
facilitate capital market funding for USDA-guaranteed farm program and
rural development loans. Farmer Mac's Class C non-voting and Class A voting
common stocks are listed on the New York Stock Exchange under the symbols
AGM and AGM.A, respectively. Additional information about Farmer Mac is
available on Farmer Mac's website at http://www.farmermac.com.



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[Via Real Estate Newswire]

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