1、Our Strength is Rooted in Our ValuesA N N U A L R E P O R T2023$Loans$LoansFINANCIAL INSTITUTIONSAGRIBUSINESSRURAL INFRASTRUCTUREFARMER MACS SECONDARY MARKET ECOSYSTEMFARMERS&RANCHERSDebt&Equity Financing Debt Service&DividendsCAPITAL MARKETSLetter From Our CEO and ChairBRADFORD T.NORDHOLMPresident
2、and Chief Executive OfficerLOWELL L.JUNKINSBoard ChairIt is our privilege to address Farmer Macs valued stakeholders and to once again report on the robust growth of our company,the impact of our mission,and the strategic vision that propels us forward.At Farmer Mac,our vital mission to increase the
3、 accessibility of financing for American agriculture and rural infrastructure is more than a guiding principle.It is the heart of our corporate culture,informs our core values,and motivates all of us to drive positive results for our stakeholdersour investors,customers,employees,and the millions of
4、Americans who benefit from our secondary market activities.Everyone at Farmer Mac can be proud to work for a company that has been a champion for and an integral part of this nations rural economy for nearly four decades.As we review our 2023 financial resultssome of the strongest in our historywe t
5、hink its important to underline the connection between our recent successes,our plan for where were headed,and our strong corporate culture.Our core values of Passion for Our Mission,Innovation,Excellence,Relationships,and Integrity inform and permeate everything we do.Thats why we believe,wholehear
6、tedly:our strength is rooted in our values.12023 ANNUAL REPORThe year in review:WINDS OF CHANGE AND OPPORTUNITY2FARMER MACLETTER FROM OUR CEO AND CHAIRThrough headwinds and tailwinds alike,Farmer Mac remains steadfastly committed to being a dependable and resilient partner for Americas farmers and r