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): July 29, 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 July 29, 2004.

Item 9.  Regulation FD Disclosure.

     On July 29, 2004,  the  Registrant  issued a press  release to announce the
Registrant's  financial  results for second  quarter  2004.  A copy of the press
release is attached to this report as Exhibit 99 and is  incorporated  herein by

     The  information  set  forth  above  is  being  furnished  under  "Item  9.
Regulation FD  Disclosure"  and "Item 12.  Results of  Operations  and Financial
Condition"  and 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:      July 29, 2004

                                  EXHIBIT INDEX

Exhibit No.                   Description                          Page No.
99                        Press  Release  Dated  July 29, 2004         5