Farmer Mac shares rise after Q1 sales grow more than 20% despite revenue miss

Farmer Mac (AGM) shares rose after the agricultural and rural infrastructure lender reported first-quarter sales growth of more than 20% year over year, even as revenue came in below Wall Street expectations. The company said growth was driven by higher business volume across its farm and ranch loan purchases, rural infrastructure finance, renewable energy and broadband lending platforms. Management cited demand tied to its diversified lending model, while noting customers continue to face pressure from volatile commodity prices and elevated input costs. Farmer Mac traded at $176.62 after the earnings update, up from $171.28 before the report. Investors are watching whether the company can sustain loan volume growth, manage margin shifts tied to AgVantage and renewable energy activity, and maintain credit quality in a volatile agricultural operating environment.