Long-tenured director (since 2008) with strong finance and capital markets credentials; AGM's 3-year return of +32.8% is well above zero and the gap versus the peer median is only -13.4pp, far below the 65pp threshold required to trigger a vote against for a strong-positive-TSR company, so no TSR flag applies.

New nominee with no prior board tenure at AGM; exempt from the TSR trigger, and brings 45+ years of commercial banking, capital markets, and public-company board leadership experience that is clearly relevant to Farmer Mac's business.

Director since February 2021 (approximately 5 years); AGM's 3-year TSR gap of -13.4pp versus the peer median is well below the 65pp trigger threshold for a strong-positive-TSR company, so no TSR concern applies, and McKissack brings deep institutional investment and finance expertise.

Director since May 2024 (less than 24 months as of the meeting date), making him exempt from the TSR underperformance trigger; his background as a community bank CEO, Iowa banking superintendent, and agricultural lender is directly relevant.

Director since May 2019 with solid tenure overlap; the 3-year TSR gap of -13.4pp versus the peer median is far below the 65pp threshold for a strong-positive-TSR company, and Ware brings relevant rural infrastructure, risk management, and cybersecurity oversight experience.

New nominee with no prior board tenure at AGM; exempt from the TSR trigger, and brings four decades of agricultural production, Farm Credit System governance, and audit/risk committee experience directly aligned with Farmer Mac's mission.

Director since May 2020; the 3-year TSR gap of -13.4pp versus the peer median is well below the 65pp trigger threshold for a strong-positive-TSR company, and Gales brings extensive agricultural finance and lending experience from CoBank and other institutions.

Director since May 2024 (less than 24 months as of the meeting date), making him exempt from the TSR underperformance trigger; his deep agricultural production and Farm Credit System governance background is highly relevant.

Director since May 2018 with meaningful tenure overlap; the 3-year TSR gap of -13.4pp versus the peer median is well below the 65pp trigger threshold for a strong-positive-TSR company, and Sexton brings agricultural production, Farm Credit System, and finance committee experience.

Director since March 2025 (less than 24 months as of the meeting date), making him exempt from the TSR underperformance trigger; he brings decades of agricultural production, Farm Credit System board leadership, and risk management experience.

Appointed director since September 2010; the 3-year TSR gap of -13.4pp versus the peer median is well below the 65pp trigger threshold for a strong-positive-TSR company, and Faivre contributes agtech, agricultural science, and strategic planning expertise.

Board Chair and longest-serving director (since 1996); the 3-year TSR gap of -13.4pp versus the peer median is well below the 65pp trigger threshold for a strong-positive-TSR company, and Junkins provides longstanding institutional knowledge and governmental affairs expertise critical for a government-sponsored enterprise.

Director since December 2020 and Audit Committee chair; the 3-year TSR gap of -13.4pp versus the peer median is well below the 65pp trigger threshold, and Stones brings 33 years of banking industry leadership and relevant financial oversight expertise.

Board Vice Chair and appointed director since December 2019; the 3-year TSR gap of -13.4pp versus the peer median is well below the 65pp trigger threshold, and Wilcher brings environmental regulatory, legal, and agricultural production experience relevant to Farmer Mac's mission.