[20210122]IF11595_Farmer Mac及其董事会成员.pdf

https:/crsreports.congress.gov Updated January 22, 2021Farmer Mac and Its Board MembersOverview The Federal Agricultural Mortgage Corporation (Farmer Mac) is a secondary market for agricultural mortgages. It purchases loans from originating lenders and provides other risk management tools to facilitate the agricultural lending market. It was created by Congress as a privately funded government-sponsored enterprise (GSE) similar to the housing GSEs such as Fannie Mae. Farmer Mac is governed by a 15-member board of directors, five of whom are nominated by the President and confirmed by the Senate. The Senate confirmed two board members during the Trump Administration: Charles Stones in December 2020 and LaJuana Wilcher in December 2019, the latter named as chair of the board. No nominations are pending. Congressional oversight is provided by the House and Senate Agriculture Committees, which have primary jurisdiction for the Farmer Mac statutes. Farmer Mac Farmer Mac was established in the Agricultural Credit Act of 1987 (P.L. 100-233, Title VII) as a secondary market for agricultural loans. It purchases and pools qualified loans and may sell them to investors as securities or hold