CFC, Farmer Mac Announce $1.5B Revolving Credit Facility for CFC

The National Rural Utilities Cooperative Finance Corporation NRU NRC and the Federal Agricultural Mortgage Corporation AGM announced that they have entered into a five-year, revolving credit facility under which CFC may borrow, repay and reborrow up to $1.5 billion through January 2016. This draw period is extended annually for an additional year unless notice of non-renewal is given by Farmer Mac.