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 2, 2004

                    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 21st 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 7.  Financial Statements and Exhibits.

      (a) Not applicable.

      (b) Not applicable.

      (c) Exhibits:

                  99     Press release dated June 2, 2004.

Item 9.  Regulation FD Disclosure.

     On June 2, 2004, the Registrant issued a press release regarding its update
to  Congress  on the  Registrant's  mission  achievements  and  safe  and  sound
financial  condition.  A copy of the press release is attached to this report as
Exhibit 99 and is incorporated herein by reference.

     The information set forth above and  incorporated by reference shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
or otherwise subject to the liabilities of that section. The information in this
Form 8-K shall not be  incorporated  by  reference in any other filing under the
Securities Exchange Act of 1934 or the Securities Act of 1933 except as shall be
expressly set forth by specific reference to this Form 8-K in such a filing.


     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 2, 2004

                                  EXHIBIT INDEX

Exhibit No.                   Description                             Page No.

99                           Press  Release  Dated  June  2, 2004         5