The Agricultural Mortgage Corporation plc (AMC) was formed in 1928 under the Agricultural Credits Act, to provide long term mortgages for land and redeveloping farming and rural-based businesses.

Following the first world war, there was a crisis in farming, with too few people owning land.

The Government identified a need for long term finance in the agricultural industry to satisfy an investment demand.

[2] As a condition of the sale, it continues to run the organisation as an independent company under its own name.

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