Federal Agricultural Mortgage (AGM-A) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.6% | -6.9% | -4.9% | +17.2% | +2.3% | +6.5% | — | — | — | — | — | — |
| 2025 | +0.4% | +5.7% | -9.6% | -6.5% | +6.3% | +5.1% | -11.3% | +21.7% | -19.2% | -5.6% | +8.3% | +3.1% |
| 2024 | -2.6% | -4.0% | +10.9% | -5.5% | -6.2% | +4.4% | +14.0% | -4.2% | -4.4% | -2.2% | +16.5% | -7.1% |
| 2023 | +18.0% | +6.7% | -5.3% | +0.1% | +0.4% | +8.2% | +11.8% | +4.7% | -7.7% | -3.7% | +11.6% | +16.0% |
| 2022 | -1.7% | +1.6% | -11.7% | -5.6% | +2.5% | -6.0% | +12.9% | -0.9% | -8.4% | +16.2% | +9.2% | -9.7% |
| 2021 | +2.4% | +13.5% | +17.8% | +2.1% | -1.4% | -1.7% | -1.4% | +0.4% | +11.8% | +16.2% | -3.5% | +2.6% |
| 2020 | -8.6% | -1.6% | -24.8% | +19.8% | -3.8% | +1.1% | -7.0% | +14.5% | -5.5% | +1.4% | +4.8% | +10.8% |
| 2019 | +17.1% | +15.7% | -10.7% | +5.6% | -10.5% | +7.2% | +6.3% | +6.6% | -0.0% | +3.7% | -1.9% | +1.4% |
| 2018 | +2.6% | -5.2% | +15.2% | -1.7% | +9.4% | -3.7% | +5.4% | -18.3% | -5.7% | -3.2% | -5.4% | -7.6% |
| 2017 | -2.8% | +3.4% | +0.6% | -0.9% | +6.2% | +7.4% | +6.0% | -0.6% | +7.4% | +2.1% | +0.0% | +5.9% |
| 2016 | +3.3% | -0.5% | +17.1% | +7.8% | -11.3% | -2.8% | +10.4% | +6.6% | -3.0% | +3.4% | +32.3% | +6.5% |
| 2015 | -9.2% | +16.0% | -11.3% | +11.5% | +0.5% | -7.5% | -8.0% | -11.5% | +10.2% | +13.2% | +2.1% | +5.9% |
| 2014 | -10.5% | +2.7% | +6.2% | +7.0% | -12.8% | +0.7% | -6.2% | +13.0% | -2.0% | +3.6% | -8.7% | +0.2% |
| 2013 | +5.6% | -1.6% | -8.5% | +3.2% | -5.4% | -3.6% | +7.7% | +8.2% | -0.4% | +6.9% | -1.9% | -1.8% |
| 2012 | +7.7% | +2.9% | +14.2% | +0.7% | +5.5% | +9.2% | -4.1% | -1.5% | +4.4% | +9.5% | +19.5% | -3.2% |
| 2011 | -5.4% | +29.1% | -3.9% | -0.8% | +0.5% | +16.5% | -8.6% | -0.6% | -4.9% | +6.1% | -15.8% | +6.3% |
| 2010 | +7.7% | +15.7% | +30.3% | +98.8% | -29.1% | -11.8% | +6.4% | -26.9% | -0.4% | +8.8% | +18.6% | +17.3% |
| 2009 | -5.0% | +7.7% | -23.8% | +18.2% | +97.5% | -22.2% | +28.2% | +35.1% | -9.7% | +7.2% | -15.4% | +4.1% |
| 2008 | +4.5% | -12.7% | +9.1% | +22.6% | -9.5% | -14.1% | +15.6% | +2.2% | -85.9% | +41.2% | -23.5% | -19.3% |
| 2007 | +2.4% | -7.9% | +6.7% | +0.7% | +7.4% | +16.8% | -18.2% | +16.5% | -9.6% | +0.0% | -7.3% | -2.9% |
| 2006 | -5.2% | +5.2% | -1.1% | -2.2% | -12.9% | +11.0% | -3.1% | +4.5% | -5.3% | -0.6% | -0.8% | +4.4% |
| 2005 | -7.2% | -10.8% | -8.9% | -0.7% | +6.5% | +19.9% | +15.5% | -8.3% | +4.6% | +6.8% | +7.2% | +7.8% |
| 2004 | -11.6% | -3.8% | -3.6% | -4.5% | -8.7% | +4.7% | -23.3% | +8.3% | +11.7% | -11.3% | +15.2% | +3.2% |
| 2003 | -14.8% | -7.9% | -9.4% | +8.7% | +0.3% | -6.0% | +14.5% | +15.2% | -8.4% | +15.8% | -8.9% | +12.2% |
| 2002 | +16.1% | -7.0% | +1.8% | -15.3% | -17.8% | -13.9% | -1.5% | +6.4% | +5.4% | +5.9% | +0.7% | -2.7% |
| 2001 | +9.3% | +1.7% | -8.6% | +14.9% | +18.1% | -0.8% | +9.3% | -1.4% | -3.2% | +31.2% | +4.0% | -11.1% |
| 2000 | -3.1% | -13.4% | -8.6% | -3.2% | +1.3% | -4.1% | +2.5% | +13.0% | +4.5% | +24.1% | -8.6% | +16.9% |
| 1999 | +17.5% | -2.5% | +23.8% | +8.2% | +19.4% | +0.9% | -2.2% | -11.4% | +0.6% | -7.8% | +5.4% | +4.2% |
| 1998 | -8.6% | +12.5% | -10.7% | -3.7% | +23.8% | -14.9% | +3.3% | -37.1% | -6.1% | +9.5% | +0.0% | -2.5% |
| 1997 | +18.8% | -13.8% | -19.7% | +14.7% | +21.9% | +2.5% | +5.5% | -3.8% | +14.8% | +23.1% | +27.4% | -7.9% |
| 1996 | +0.0% | +39.3% | +0.0% | +18.0% | -5.7% | +12.8% | +8.4% | +44.8% | +85.5% | -9.7% | -8.9% | +46.5% |
| 1995 | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | -5.3% | +2.8% | -2.7% | +0.0% | +17.6% | -15.0% | +17.6% |
| 1994 | — | — | -9.6% | +0.0% | +0.0% | +5.7% | +0.0% | +15.2% | +0.0% | -22.0% | +0.0% | +0.0% |
| Avg | +1.0% | +2.5% | -1.2% | +7.0% | +2.9% | +0.5% | +2.9% | +3.4% | -0.9% | +6.5% | +1.8% | +3.7% |
| Median | +0.0% | +0.8% | -3.9% | +0.7% | +0.4% | +0.8% | +4.4% | +3.4% | -1.2% | +6.0% | +0.0% | +3.2% |
| Last 5Y Avg | +2.1% | +0.6% | -4.1% | -0.1% | +1.1% | +2.0% | +5.2% | +4.3% | -5.6% | +4.2% | +8.4% | +1.0% |
| Std Dev (σ) | 9.3% | 11.9% | 13.1% | 18.8% | 20.4% | 9.9% | 10.7% | 15.8% | 23.0% | 12.8% | 12.7% | 11.7% |
| Consistency (μ/σ) | 0.11 | 0.21 | -0.10 | 0.37 | 0.14 | 0.05 | 0.27 | 0.21 | -0.04 | 0.51 | 0.14 | 0.31 |
| Win Rate (%) | 47% | 50% | 36% | 58% | 55% | 53% | 59% | 56% | 34% | 69% | 47% | 63% |
| Winning / Losing Months | ▲15▼17 | ▲16▼16 | ▲12▼21 | ▲19▼14 | ▲18▼15 | ▲17▼15 | ▲19▼13 | ▲18▼14 | ▲11▼21 | ▲22▼10 | ▲15▼17 | ▲20▼12 |
| Longest Win / Loss Streak | ▲2▼4 | ▲4▼4 | ▲3▼5 | ▲5▼3 | ▲5▼3 | ▲4▼4 | ▲4▼2 | ▲4▼3 | ▲2▼6 | ▲10▼3 | ▲4▼4 | ▲4▼2 |
| Best | +18.8%in January 1997 | +39.3%in February 1996 | +30.3%in March 2010 | +98.8%in April 2010 | +97.5%in May 2009 | +19.9%in June 2005 | +28.2%in July 2009 | +44.8%in August 1996 | +85.5%in September 1996 | +41.2%in October 2008 | +32.3%in November 2016 | +46.5%in December 1996 |
| Worst | -14.8%in January 2003 | -13.8%in February 1997 | -24.8%in March 2020 | -15.3%in April 2002 | -29.1%in May 2010 | -22.2%in June 2009 | -23.3%in July 2004 | -37.1%in August 1998 | -85.9%in September 2008 | -22.0%in October 1994 | -23.5%in November 2008 | -19.3%in December 2008 |
−85.9%+98.8%
2026
Jan-3.6%
Feb-6.9%
Mar-4.9%
Apr+17.2%
May+2.3%
Jun+6.5%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+0.4%
Feb+5.7%
Mar-9.6%
Apr-6.5%
May+6.3%
Jun+5.1%
Jul-11.3%
Aug+21.7%
Sep-19.2%
Oct-5.6%
Nov+8.3%
Dec+3.1%
2024
Jan-2.6%
Feb-4.0%
Mar+10.9%
Apr-5.5%
May-6.2%
Jun+4.4%
Jul+14.0%
Aug-4.2%
Sep-4.4%
Oct-2.2%
Nov+16.5%
Dec-7.1%
2023
Jan+18.0%
Feb+6.7%
Mar-5.3%
Apr+0.1%
May+0.4%
Jun+8.2%
Jul+11.8%
Aug+4.7%
Sep-7.7%
Oct-3.7%
Nov+11.6%
Dec+16.0%
2022
Jan-1.7%
Feb+1.6%
Mar-11.7%
Apr-5.6%
May+2.5%
Jun-6.0%
Jul+12.9%
Aug-0.9%
Sep-8.4%
Oct+16.2%
Nov+9.2%
Dec-9.7%
2021
Jan+2.4%
Feb+13.5%
Mar+17.8%
Apr+2.1%
May-1.4%
Jun-1.7%
Jul-1.4%
Aug+0.4%
Sep+11.8%
Oct+16.2%
Nov-3.5%
Dec+2.6%
2020
Jan-8.6%
Feb-1.6%
Mar-24.8%
Apr+19.8%
May-3.8%
Jun+1.1%
Jul-7.0%
Aug+14.5%
Sep-5.5%
Oct+1.4%
Nov+4.8%
Dec+10.8%
2019
Jan+17.1%
Feb+15.7%
Mar-10.7%
Apr+5.6%
May-10.5%
Jun+7.2%
Jul+6.3%
Aug+6.6%
Sep-0.0%
Oct+3.7%
Nov-1.9%
Dec+1.4%
2018
Jan+2.6%
Feb-5.2%
Mar+15.2%
Apr-1.7%
May+9.4%
Jun-3.7%
Jul+5.4%
Aug-18.3%
Sep-5.7%
Oct-3.2%
Nov-5.4%
Dec-7.6%
2017
Jan-2.8%
Feb+3.4%
Mar+0.6%
Apr-0.9%
May+6.2%
Jun+7.4%
Jul+6.0%
Aug-0.6%
Sep+7.4%
Oct+2.1%
Nov+0.0%
Dec+5.9%
2016
Jan+3.3%
Feb-0.5%
Mar+17.1%
Apr+7.8%
May-11.3%
Jun-2.8%
Jul+10.4%
Aug+6.6%
Sep-3.0%
Oct+3.4%
Nov+32.3%
Dec+6.5%
2015
Jan-9.2%
Feb+16.0%
Mar-11.3%
Apr+11.5%
May+0.5%
Jun-7.5%
Jul-8.0%
Aug-11.5%
Sep+10.2%
Oct+13.2%
Nov+2.1%
Dec+5.9%
2014
Jan-10.5%
Feb+2.7%
Mar+6.2%
Apr+7.0%
May-12.8%
Jun+0.7%
Jul-6.2%
Aug+13.0%
Sep-2.0%
Oct+3.6%
Nov-8.7%
Dec+0.2%
2013
Jan+5.6%
Feb-1.6%
Mar-8.5%
Apr+3.2%
May-5.4%
Jun-3.6%
Jul+7.7%
Aug+8.2%
Sep-0.4%
Oct+6.9%
Nov-1.9%
Dec-1.8%
2012
Jan+7.7%
Feb+2.9%
Mar+14.2%
Apr+0.7%
May+5.5%
Jun+9.2%
Jul-4.1%
Aug-1.5%
Sep+4.4%
Oct+9.5%
Nov+19.5%
Dec-3.2%
2011
Jan-5.4%
Feb+29.1%
Mar-3.9%
Apr-0.8%
May+0.5%
Jun+16.5%
Jul-8.6%
Aug-0.6%
Sep-4.9%
Oct+6.1%
Nov-15.8%
Dec+6.3%
2010
Jan+7.7%
Feb+15.7%
Mar+30.3%
Apr+98.8%
May-29.1%
Jun-11.8%
Jul+6.4%
Aug-26.9%
Sep-0.4%
Oct+8.8%
Nov+18.6%
Dec+17.3%
2009
Jan-5.0%
Feb+7.7%
Mar-23.8%
Apr+18.2%
May+97.5%
Jun-22.2%
Jul+28.2%
Aug+35.1%
Sep-9.7%
Oct+7.2%
Nov-15.4%
Dec+4.1%
2008
Jan+4.5%
Feb-12.7%
Mar+9.1%
Apr+22.6%
May-9.5%
Jun-14.1%
Jul+15.6%
Aug+2.2%
Sep-85.9%
Oct+41.2%
Nov-23.5%
Dec-19.3%
2007
Jan+2.4%
Feb-7.9%
Mar+6.7%
Apr+0.7%
May+7.4%
Jun+16.8%
Jul-18.2%
Aug+16.5%
Sep-9.6%
Oct+0.0%
Nov-7.3%
Dec-2.9%
2006
Jan-5.2%
Feb+5.2%
Mar-1.1%
Apr-2.2%
May-12.9%
Jun+11.0%
Jul-3.1%
Aug+4.5%
Sep-5.3%
Oct-0.6%
Nov-0.8%
Dec+4.4%
2005
Jan-7.2%
Feb-10.8%
Mar-8.9%
Apr-0.7%
May+6.5%
Jun+19.9%
Jul+15.5%
Aug-8.3%
Sep+4.6%
Oct+6.8%
Nov+7.2%
Dec+7.8%
2004
Jan-11.6%
Feb-3.8%
Mar-3.6%
Apr-4.5%
May-8.7%
Jun+4.7%
Jul-23.3%
Aug+8.3%
Sep+11.7%
Oct-11.3%
Nov+15.2%
Dec+3.2%
2003
Jan-14.8%
Feb-7.9%
Mar-9.4%
Apr+8.7%
May+0.3%
Jun-6.0%
Jul+14.5%
Aug+15.2%
Sep-8.4%
Oct+15.8%
Nov-8.9%
Dec+12.2%
2002
Jan+16.1%
Feb-7.0%
Mar+1.8%
Apr-15.3%
May-17.8%
Jun-13.9%
Jul-1.5%
Aug+6.4%
Sep+5.4%
Oct+5.9%
Nov+0.7%
Dec-2.7%
2001
Jan+9.3%
Feb+1.7%
Mar-8.6%
Apr+14.9%
May+18.1%
Jun-0.8%
Jul+9.3%
Aug-1.4%
Sep-3.2%
Oct+31.2%
Nov+4.0%
Dec-11.1%
2000
Jan-3.1%
Feb-13.4%
Mar-8.6%
Apr-3.2%
May+1.3%
Jun-4.1%
Jul+2.5%
Aug+13.0%
Sep+4.5%
Oct+24.1%
Nov-8.6%
Dec+16.9%
1999
Jan+17.5%
Feb-2.5%
Mar+23.8%
Apr+8.2%
May+19.4%
Jun+0.9%
Jul-2.2%
Aug-11.4%
Sep+0.6%
Oct-7.8%
Nov+5.4%
Dec+4.2%
1998
Jan-8.6%
Feb+12.5%
Mar-10.7%
Apr-3.7%
May+23.8%
Jun-14.9%
Jul+3.3%
Aug-37.1%
Sep-6.1%
Oct+9.5%
Nov+0.0%
Dec-2.5%
1997
Jan+18.8%
Feb-13.8%
Mar-19.7%
Apr+14.7%
May+21.9%
Jun+2.5%
Jul+5.5%
Aug-3.8%
Sep+14.8%
Oct+23.1%
Nov+27.4%
Dec-7.9%
1996
Jan+0.0%
Feb+39.3%
Mar+0.0%
Apr+18.0%
May-5.7%
Jun+12.8%
Jul+8.4%
Aug+44.8%
Sep+85.5%
Oct-9.7%
Nov-8.9%
Dec+46.5%
1995
Jan+0.0%
Feb+0.0%
Mar+0.0%
Apr+0.0%
May+0.0%
Jun-5.3%
Jul+2.8%
Aug-2.7%
Sep+0.0%
Oct+17.6%
Nov-15.0%
Dec+17.6%
1994
Jan—
Feb—
Mar-9.6%
Apr+0.0%
May+0.0%
Jun+5.7%
Jul+0.0%
Aug+15.2%
Sep+0.0%
Oct-22.0%
Nov+0.0%
Dec+0.0%
Avg
Jan+1.0%
Feb+2.5%
Mar-1.2%
Apr+7.0%
May+2.9%
Jun+0.5%
Jul+2.9%
Aug+3.4%
Sep-0.9%
Oct+6.5%
Nov+1.8%
Dec+3.7%
Median
Jan+0.0%
Feb+0.8%
Mar-3.9%
Apr+0.7%
May+0.4%
Jun+0.8%
Jul+4.4%
Aug+3.4%
Sep-1.2%
Oct+6.0%
Nov+0.0%
Dec+3.2%
Last 5Y Avg
Jan+2.1%
Feb+0.6%
Mar-4.1%
Apr-0.1%
May+1.1%
Jun+2.0%
Jul+5.2%
Aug+4.3%
Sep-5.6%
Oct+4.2%
Nov+8.4%
Dec+1.0%
Std Dev (σ)
Jan9.3%
Feb11.9%
Mar13.1%
Apr18.8%
May20.4%
Jun9.9%
Jul10.7%
Aug15.8%
Sep23.0%
Oct12.8%
Nov12.7%
Dec11.7%
Consistency (μ/σ)
Jan0.11
Feb0.21
Mar-0.10
Apr0.37
May0.14
Jun0.05
Jul0.27
Aug0.21
Sep-0.04
Oct0.51
Nov0.14
Dec0.31
Win Rate (%)
Jan47%
Feb50%
Mar36%
Apr58%
May55%
Jun53%
Jul59%
Aug56%
Sep34%
Oct69%
Nov47%
Dec63%
Winning / Losing Months
Jan▲15▼17
Feb▲16▼16
Mar▲12▼21
Apr▲19▼14
May▲18▼15
Jun▲17▼15
Jul▲19▼13
Aug▲18▼14
Sep▲11▼21
Oct▲22▼10
Nov▲15▼17
Dec▲20▼12
Longest Win / Loss Streak
Jan▲2▼4
Feb▲4▼4
Mar▲3▼5
Apr▲5▼3
May▲5▼3
Jun▲4▼4
Jul▲4▼2
Aug▲4▼3
Sep▲2▼6
Oct▲10▼3
Nov▲4▼4
Dec▲4▼2
Best
Jan+18.8%1997
Feb+39.3%1996
Mar+30.3%2010
Apr+98.8%2010
May+97.5%2009
Jun+19.9%2005
Jul+28.2%2009
Aug+44.8%1996
Sep+85.5%1996
Oct+41.2%2008
Nov+32.3%2016
Dec+46.5%1996
Worst
Jan-14.8%2003
Feb-13.8%1997
Mar-24.8%2020
Apr-15.3%2002
May-29.1%2010
Jun-22.2%2009
Jul-23.3%2004
Aug-37.1%1998
Sep-85.9%2008
Oct-22.0%1994
Nov-23.5%2008
Dec-19.3%2008
−85.9%+98.8%
Frequently asked questions
Data & methodology
Federal Agricultural Mortgage (AGM-A) Key Financials
Charts, filings, and peer comparison for every metric
Income Statement
Balance Sheet
Profitability
Cash Flow
Forecast & Valuation
Operations
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
Overview
Income Statement