Federal Agricultural Mortgage Corporation: GAO Actions to Meet Requirements in the Agricultural Credit Act of 1987

Pursuant to a legislative requirement, GAO provided information on the Federal Agricultural Mortgage Corporation (FAMC), established to provide more lending capacity for farm real estate and rural housing and more long-term credit for farmers and ranchers at stable interest rates, focusing on: (1) program development and status; (2) agricultural real estate secondary market issues; and (3) legislative requirements for GAO studies and reviews of FAMC.