About Farmer Mac II LLC


Farmer Mac II LLC is an operating subsidiary of the Federal Agricultural Mortgage Corporation (Farmer Mac). Established in 2009, Farmer Mac II LLC purchases the guaranteed portions of loans guaranteed by the United States Department of Agriculture under the Consolidated Farm and Rural Development Act of 1972. 

Eligible USDA-guaranteed portions include Guaranteed Farm Ownership and Operating loans under the Farm Service Agency, Business and Industry, Community Facility Guaranteed and Water and Environmental Program loans under Rural Development.

The Farmer Mac II program provides financial institutions with an efficient and competitive secondary market for USDA guaranteed portions and enhances participants’ ability to offer innovative products to their customers.

Farmer Mac 3-Month COFI Rate *


Monthly Pay Cash:
Year Month Farmer Mac 3-Month COFI* Farmer Mac 1-Year COFI Farmer Mac 5-Year Reset Farmer Mac 10-Year Reset
1991 October 6.45%
1992 January 4.90% 5.45%
April 5.15%
July 4.65%
October 3.80%
1993 January 4.15% 4.95%
April 4.05%
July 4.10%
October 4.10%
1994 January 4.10% 4.95%
April 4.65%
July 5.40%
October 5.95%
1995 January 7.15% 8.95%
April 7.15%
July 7.00%
October 6.75%
1996 January 6.45% 6.55%
April 6.45%
July 6.55%
October 6.45%
1997 January 6.50% 6.90% 7.50%
April 6.65%
July 6.55%
October 6.45%
1998 January 6.65% 6.85% 6.90%
April 6.45%
July 6.40%
October 6.00%
1999 January 5.90% 5.95% 6.35%
April 5.75%
July 6.05%
October 6.50%
2000 January 6.90% 7.75% 8.15%
April 7.10%
July 7.60%
October 7.60%
2001 January 7.45% 7.00% 7.00%
April 5.95%
July 5.10%
October 4.40%
2002 January 4.00% 4.50% 6.40% 7.60%
April 4.00%
July 4.00%
October 4.00%
2003 January 3.50% 3.45% 4.35% 5.65%
April 3.50%
July 3.00%
October 3.25%
2004 January 3.25% 3.60% 4.95% 6.25%
April 3.25%
July 3.60%
October 4.15%
2005 January 3.55% 4.00% 4.90% 5.70%
April 4.12%
July 4.53%
October 5.07%
2006 January 5.34% 5.61% 5.78% 5.98%
April 5.90%
July 5.70%
October 6.17%
2007 January 6.16% 6.03% 5.96% 6.12%
April 6.15%
July 6.15%
October 5.44%
2008 January 5.07% 5.09% 5.12% 5.61%
April 3.02%
July 3.37%
October 4.29%
2009 January 2.36% 3.26% 4.83% 5.68%
April 2.13%
July 1.53%
October 1.24%
2010 January 1.32% 1.92% 4.29% 5.72%
April 1.42%
July 1.63%
October 1.43%
2011 January 1.44% 1.65% 3.53% 4.75%
April 1.45%
July 1.42%
October 1.55%
2012 January 1.71% 1.50% 2.59% 3.45%
April 1.48%
July 1.47%
October 1.47%
2013 January 1.48% 1.56% 1.97% 2.64%
April 1.45%
July 1.45%
October 1.43%
2014 January 1.43% 1.44% 2.83% 4.12%
April 1.41%
July 1.41%
October 1.42%
2015 January 1.45% 1.56% 2.89% 3.53%
April 1.46%
Annual, S.A., & Qrtly Pay Cash:
Year Month Farmer Mac 3-Month COFI* Farmer Mac 1-Year COFI Farmer Mac 5-Year Reset Farmer Mac 10-Year Reset
1991 October 6.45%
1992 January 4.90% 5.45%
April 5.15%
July 4.65%
October 3.80%
1993 January 4.15% 4.95%
April 4.05%
July 4.10%
October 4.10%
1994 January 4.10% 4.95%
April 4.65%
July 5.40%
October 5.95%
1995 January 7.15% 8.95%
April 7.15%
July 7.00%
October 6.75%
1996 January 6.45% 6.55%
April 6.45%
July 6.55%
October 6.45%
1997 January 6.50% 6.90% 7.50%
April 6.65%
July 6.55%
October 6.45%
1998 January 6.65% 6.85% 6.90%
April 6.45%
July 6.40%
October 6.00%
1999 January 5.90% 5.95% 6.35%
April 5.75%
July 6.05%
October 6.50%
2000 January 6.90% 7.75% 8.15%
April 7.10%
July 7.60%
October 7.60%
2001 January 7.45% 7.00% 7.00%
April 5.95%
July 5.10%
October 4.40%
2002 January 4.00% 4.50% 6.40% 7.60%
April 4.00%
July 4.00%
October 4.00%
2003 January 3.50% 3.45% 4.35% 5.65%
April 3.50%
July 3.00%
October 3.25%
2004 January 3.25% 3.60% 4.95% 6.25%
April 3.25%
July 3.60%
October 4.15%
2005 January 3.55% 4.00% 4.90% 5.70%
April 4.12%
July 4.53%
October 5.07%
2006 January 5.34% 5.61% 5.78% 5.98%
April 5.90%
July 5.70%
October 6.17%
2007 January 6.16% 6.03% 5.96% 6.12%
April 6.15%
July 6.15%
October 5.44%
2008 January 5.07% 5.09% 5.12% 5.61%
April 3.02%
July 3.37%
October 4.29%
2009 January 2.36% 3.26% 4.83% 5.68%
April 2.13%
July 1.53%
October 1.24%
2010 January 1.32% 1.92% 4.29% 5.72%
April 1.42%
July 1.63%
October 1.43%
2011 January 1.44% 1.65% 3.53% 4.75%
April 1.45%
July 1.42%
October 1.55%
2012 January 1.71% 1.50% 2.59% 3.45%
April 1.48%
July 1.47%
October 1.47%
2013 January 1.48% 1.56% 1.97% 2.64%
April 1.45%
July 1.45%
October 1.43%
2014 January 1.43% 1.44% 2.83% 4.12%
April 1.41%
July 1.41%
October 1.42%
2015 January 1.45% 1.56% 2.89% 3.53%
April 1.46%
* Rates are set by Farmer Mac on behalf of Farmer Mac II LLC.

See more daily rates...Historical COFI Rates

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