Farmer Mac Guarantees $475 Million of 3-Year Notes

Transaction Part of Farmer Mac's Ongoing Diversification of its Marketing
Focus

WASHINGTON, Aug. 19 /PRNewswire-FirstCall/ -- The Federal Agricultural
Mortgage Corporation (Farmer Mac)(NYSE: AGM and AGM.A) announced today that
it completed a new transaction in which it is guaranteeing $475 million of
3- year agricultural mortgage-backed Notes issued by M&I Marshall & Ilsley
Bank. The transaction is a part of Farmer Mac's ongoing diversification of
its marketing focus and expansion of its program offerings to meet the
liquidity needs of agricultural mortgage lenders throughout the country.
The offering of the sale of these Notes in the capital markets was
announced by Farmer Mac this past August 14th. The transaction is part of
Farmer Mac's ongoing "AgVantage" program, in which it guarantees the timely
payment of principal and interest on Notes issued by an agricultural
mortgage lender and secured by Farmer Mac eligible agricultural mortgages.
The Notes issued today are rated Aaa by Moody's Investors Service, Inc. and
AAA by DBRS, Inc.

Farmer Mac President and Chief Executive Officer Henry D. Edelman
commented, "This transaction further advances Farmer Mac's congressional
mission to provide greater liquidity to agricultural and rural lenders,
including commercial banks, insurance companies, the Farm Credit System and
other cooperative lenders. It underscores Farmer Mac's ongoing ability to
provide a sound secondary market for its customer constituencies in the
U.S. agricultural sector and to achieve this business objective through
large program transactions that emphasize high asset quality."

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.

See Also:

• Can a Game Help Revive the Down Real Estate Market and the Economy?
• Kandu Partners to Oppose Servidyne Increase of Authorized Shares
• rue21 is On the Move in NY
• The Economist Hosts Online Debate About Energy Security
• Grubb & Ellis Company Announces Date and Location of 2008 Annual Stockholders' Meeting

[Via Real Estate Newswire]

• Pharmaris :: Ultimate Pharmacy Store