Farmer Mac Increases Quarterly Dividend Rate on Common Stock

         Farmer Mac Increases Quarterly Dividend Rate on Common Stock

Also Declares Quarterly Dividends on New Series A Preferred Stock

PR Newswire

WASHINGTON, Feb. 7, 2013

WASHINGTON, Feb. 7, 2013 /PRNewswire/ --The Federal Agricultural Mortgage
Corporation (Farmer Mac) today announced that it has increased the quarterly
dividend paid on the Corporation's common stock by 20percent from the
previous quarter. Farmer Mac's board of directors has declared a first
quarter dividend of $0.12 per share on each of the Corporation's three classes
of common stock – ClassA Voting Common Stock (NYSE: AGM.A), ClassB Voting
Common Stock (not listed on any exchange), and ClassC Non-Voting Common Stock
(NYSE:AGM). The quarterly dividend for first quarter 2013 will be payable on
March 29, 2013 to holders of record of common stock as of March15, 2013.

Farmer Mac's board of directors has also declared a quarterly dividend on the
Corporation's Series A Non-Cumulative Preferred Stock (NYSE: AGM.PR.A). The
quarterly dividend of $0.3672 per share of SeriesA Non-Cumulative Preferred
Stock is for the period from but not including January17, 2013 to and
including April 17, 2013, and shall be payable on April17, 2013 to holders of
record of preferred stock as of April 2, 2013. Each share of Series A
Non-Cumulative Preferred Stock has a par value and liquidation preference of
$25.00 per share.

Farmer Mac's President and CEO Tim Buzby stated, "Farmer Mac's decision to
increase the quarterly dividend across all classes of common stock reflects
our continuing commitment to shareholder value while fulfilling our mission of
delivering capital and liquidity to rural America. Farmer Mac's financial
condition and earnings outlook remain strong, and the dividend increase
underscores our confidence in Farmer Mac's future financial performance and
capital position, which was enhanced as a result of the new Series A
Non-Cumulative Preferred Stock offering completed earlier this year."

Forward-Looking Statements
In addition to historical information, this release includes forward-looking
statements that reflect management's current expectations for Farmer Mac's
future financial results, business prospects and/or business developments.
Management's expectations for Farmer Mac's future necessarily involve a number
of assumptions and estimates and the evaluation of risks and uncertainties.
Various factors or events could cause Farmer Mac's actual results to differ
materially from the expectations as expressed or implied by the
forward-looking statements, including uncertainties regarding: (1) the
availability to Farmer Mac and Farmer Mac II LLC of debt financing and, if
available, the reasonableness of rates and terms; (2) legislative or
regulatory developments that could affect Farmer Mac, including but not
limited to developments in relation to agricultural policies and programs
contained in the 2008 Farm Bill; (3) fluctuations in the fair value of assets
held by Farmer Mac and Farmer Mac II LLC; (4) the rate and direction of
development of the secondary market for agricultural mortgage and rural
utilities loans, including lender interest in Farmer Mac credit products and
the Farmer Mac secondary market; (5) the general rate of growth in
agricultural mortgage and rural utilities indebtedness; (6) the impact of
economic conditions, including the effects of drought and other
weather-related conditions and fluctuations in agricultural real estate
values, on agricultural mortgage lending and borrower repayment capacity; (7)
developments in the financial markets, including possible investor, analyst
and rating agency reactions to events involving GSEs, including Farmer Mac;
(8) financial market volatility, including the future level and direction of
interest rates; and (9) volatility in commodity prices and/or export demand
for U.S. agricultural products. Other risk factors are discussed in Farmer
Mac's Annual Report on Form 10‑K for the year ended December 31, 2011, as
filed with the SEC on March 15, 2012, and in Farmer Mac's Quarterly Report on
Form 10-Q for the quarter ended September 30, 2012, as filed with the SEC on
November 8, 2012. In light of these potential risks and uncertainties, no
undue reliance should be placed on any forward-looking statements expressed in
this release. The forward-looking statements contained in this release
represent management's expectations as of the date of this release. Farmer Mac
undertakes no obligation to release publicly the results of revisions to any
forward-looking statements included in this release to reflect new information
or any future events or circumstances, except as otherwise mandated by the

Farmer Mac is a stockholder-owned instrumentality of the United States
chartered by Congress to help increase the availability of credit in rural
America through the operation of a secondary market for eligible loans to
agricultural and rural borrowers. Additional information about Farmer Mac is
available on Farmer Mac's website at

SOURCE Farmer Mac

Contact: Richard Eisenberg, Investor Inquiries; Christopher Bohanon, Media
Inquiries, +1-202-872-7700
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