Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements expressed on this call to reflect new information or any future events or circumstances, except as otherwise mandated by the SEC.
The forward-looking statements expressed on this call represent management’s expectations as of the date of this call. Considering these potential risks and uncertainties, no undue reliance should be placed on any forward-looking statements expressed on this call. Other risk factors are discussed in “Risk Factors” in Part I, Item 1A in Farmer Mac’s Annual Report on Form 10-K for the year ended Decemfiled with the SEC on February 25, 2021. other factors that could have a negative effect on agricultural mortgage lending or borrower repayment capacity, including the effects of weather and fluctuations in agricultural real estate values.
developments in the financial markets, including possible investor, analyst, and rating agency reactions to events involving government-sponsored enterprises, including Farmer Mac.the degree to which Farmer Mac is exposed to interest rate risk resulting from fluctuations in Farmer Mac’s borrowing costs relative to market indexes.agricultural products, and volatility in commodity prices trade policies, fluctuations in export demand for U.S. the effect of economic conditions and geopolitics on agricultural mortgage or rural utilities lending, borrower repayment capacity, or collateral values, including fluctuations in interest rate, changes in U.S.the general rate of growth in agricultural mortgage and rural utilities indebtedness.the level of lender interest in Farmer Mac’s products and the secondary market provided by Farmer Mac.fluctuations in the fair value of assets held by Farmer Mac and its subsidiaries.legislative or regulatory developments that could affect Farmer Mac, its sources of business, or the agricultural or the rural utilities industries.the availability to Farmer Mac of debt and equity financing and, if available, the reasonableness of rates and terms.the actions taken to address the COVID-19 pandemic, including government actions to mitigate the economic impact of the pandemic, how quickly and to what extent normal economic and operating conditions can resume, the possibility of future disruptions to economic recovery caused by any future outbreaks, regulatory measures or voluntary actions to limit the spread of COVID-19, and the duration and efficacy of any restrictions that may be imposed.the duration, spread, and severity of the COVID-19 pandemic and its effects on the business operations of agricultural and rural borrowers, the capital markets, and Farmer Mac’s business operations.Various factors or events, both known and unknown, could cause Farmer Mac’s actual results to differ materially from the expectations as expressed or implied by the forward-looking statements herein, including uncertainties about: Management’s expectations for Farmer Mac’s future necessarily involve assumptions, estimates, and the evaluation of risks and uncertainties. Before listening to the live webcast or the recording of Farmer Mac’s Investor Conference Call, you are required to read the following advice concerning certain statements made during that call.