Federal Agricultural Mortgage Corporation Price & Performance (AGM-PF)

Federal Agricultural Mortgage (NYSE:AGM) shares have declined 11% over the past quarter, but the company’s five-year performance remains robust with a 198% return. While recent results have been mixed, analysts and investors are weighing whether the long-term fundamentals can offset near-term volatility in the agricultural lending sector.123

Keefe, Bruyette & Woods increased their price target for Federal Agricultural Mortgage to $230, even as analysts predict the company’s earnings will grow at 8.1% annually—below the broader market’s 11% rate. The stock’s low price-to-earnings ratio reflects tempered expectations, but its consistent dividend and earnings growth attract cautious optimism.456

U.S. farm income in 2025 is projected at $42.4 billion, the second-highest ever, largely due to substantial government payments. However, many farmers face refinancing at higher interest rates, particularly those with adjustable-rate mortgages, adding financial pressure despite strong support from federal programs and commodity support initiatives.78