The American Bankers Association expands its members-only alliance with the Federal Agricultural Mortgage Corporation to provide an outlet to sell home mortgage loans on rural properties situated on large parcels of land engaged in agricultural production

Agri Marketing, May, 2008

The American Bankers Association (ABA) expands its members-only alliance with the Federal Agricultural Mortgage Corporation (Farmer Mac) to provide an outlet to sell home mortgage loans on rural properties situated on large parcels of land engaged in agricultural production.

The agreement extends the member advantaged benefits to Farmer Mac's Part-Time Farm product, which offers favorable long-term interest rates and loan amounts up to $3 million on owner-occupied principal residences and second homes.