Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 5, 2003

                    Federal Agricultural Mortgage Corporation
             (Exact name of registrant as specified in its charter)

   Federally chartered
   instrumentality of
   the United States                  0-17440                52-1578738
(State or other jurisdiction of    (Commission            (I.R.S. Employer
 incorporation or organization)    File Number)          Identification No.)

 1133 Twenty-First Street, N.W., Suite 600, Washington, D.C.        20036
-------------------------------------------------------------    ------------
         (Address of principal executive offices)                 (Zip Code)

    Registrant's telephone number, including area code: (202) 872-7700

                                    No change
          (Former name or former address, if changed since last report)

Item 5.  Other Events and Regulation FD Disclosure.

     President  Bush's  nominations of Glen  Klippenstein  and Julia Bartling to
serve on the Board of Directors of the Federal Agricultural Mortgage Corporation
("Farmer Mac") were confirmed by the United States Senate on June 3, 2003. Their
appointments  were  effective June 5, 2003. Mr.  Klippenstein  and Ms.  Bartling
replace Marilyn Peters and Charles Eugene Branstool as directors of Farmer Mac.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                    FEDERAL AGRICULTURAL MORTGAGE CORPORATION

                                    By:   /s/ Jerome G. Oslick
                                        Name:  Jerome G. Oslick
                                        Title: Vice President - General Counsel

Dated:      June 26, 2003