Operator

Thank you for standing by. At this time, I would like to welcome everyone to the Farmer Mac 2026 Annual Meeting of Stockholders. [Operator Instructions] I would now like to turn the conference over to LaJuana Wilcher, Vice Chair. The floor is yours.

LaJuana Wilcher

Good morning. I'm LaJuana Wilcher, Vice Chair of the Board of Farmer Mac. I'm pleased to welcome you to Farmer Mac's 2026 Annual Meeting. In accordance with the notice of meeting, I call this Annual Meeting of Stockholders to order. Some stockholders who may have wanted to participate in this meeting in person may have been unable to travel to Washington, D.C. So we have made it possible for you to participate by teleconference and webcast.

If you are a voting stockholder participating in the meeting by teleconference, who plans to vote outside of the regular proxy process today and if you have not yet received a blank proxy card, please e-mail a request right now to ir@farmermac.com. That's I India R Romeo @farmermac.com. We intend to follow the meeting agenda that was available as you entered the room and has also been posted at Farmer Mac's website. We will provide for general question-and-answer session for stockholders after the formal business of the meeting is concluded. I would like to begin by introducing our director nominees and the directors appointed by the President -- confirmed by the U.S. Senate, all of whom are present in person this morning.

Farmer Mac has two classes of voting stockholders, each of which elects five directors. Class A stockholders