$AGM

Farmer Mac (AGM) - Specifically looking at preferred stock. Downside risks other than interest rates?

AGM preferred stock (AGM.PRG) offers attractive 7.6% yield with ~52% capital upside to $25, backed by government-chartered status, implied U.S. government support, conservative lending practices (sub-0.10% annual charge-offs, ~50% LTV), and congressional support for agriculture. Risk factors are primarily interest rate sensitivity and agricultural concentration.