Federal Agricultural Mortgage Corporation (Farmer Mac) is a stockholder-owned, federally chartered instrumentality of the United States that was created to establish a secondary market for agricultural real estate and rural housing mortgage loans (Qualified Loans). Farmer Mac provides liquidity to the agricultural mortgage market by purchasing newly originated Qualified Loans directly from lenders through its cash window and existing, or seasoned, Qualified Loans from lenders and other third parties in negotiated transactions; exchanging securities guaranteed by Farmer Mac for newly originated and seasoned Qualified Loans that back those securities through its swap program; issuing long-term standby purchase commitments for newly originated and seasoned Qualified Loans, and purchasing mortgage-backed bonds secured by Qualified Loans through its AgVantage program.