Farmer Mac's Amber Waves Of Pain The agricultural sector swept in and bailed out its own Wednesday at a time when farmers are feeling the impact of the credit crunch. Federal Agricultural Mortgage, the rural cousin of Fannie Mae and Freddie Mac announced a $65.0 million capital infusion from a group of banks on Wednesday. Federal Agricultural Mortgage, which is also known as Farmer Mac and was created by the U.S. government as a secondary market for agricultural real estate and rural housing mortgage loans, saw its shares soar 65.6%, or $2.69, to $6.79, on Wednesday, but that will be cold comfort to investors who paid more than $30 for it in August. The shares held up well until last month, when the Treasury took control of Fannie Mae, in which Farmer Mac held preferred shares. The Farm Credit System, which is a federally chartered network of borrower-owned lending institutions, purchased $60.0 million in preferred stock of Farmer Mac. In addition $5.0 million of Farmer Mac senior cumulative perpetual preferred stock has been purchased by Zions Bancorporation of Salt Lake City....