Farmer Mac refers to which government program?

• A. Farm Service Agency
• B. Farmers Home Administration
• C. Agricultural Credit Administration
• D. Farm Credit System

Answer: (A)

Farmer Mac is the Federal Agricultural Mortgage Corporation, a government-sponsored enterprise created to expand the secondary market for agricultural real estate loans. It isn’t a direct USDA program run by an agency; instead, it helps lenders—often within the Farm Credit System—by guaranteeing or purchasing eligible mortgages, which boosts liquidity and makes it easier to finance farm real estate and rural housing.

Among the listed options, the Farm Service Agency is the USDA agency that handles many farm-support programs, including loans, but Farmer Mac’s role is about the secondary market and liquidity for agricultural lenders, working within the Farm Credit System rather than being the direct Farm Service Agency program. The other historical or separate entities listed (Farmers Home Administration, Agricultural Credit Administration) do not capture Farmer Mac’s function as the secondary-market support for agricultural credit.