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): January 26, 2005

                    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 2.02.  Results of Operations and Financial Condition.

     On January 26, 2005, the Registrant  issued a press release to announce the
Registrant's  financial  results for fourth  quarter  2004.  A copy of the press
release is attached to this report as Exhibit 99 and is  incorporated  herein by

Item 9.01.  Financial Statements and Exhibits.

      (a) Not applicable.

      (b) Not applicable.

      (c) Exhibits:

                  99    Press release dated January 26, 2005.


     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:      January 26, 2005

                                  EXHIBIT INDEX

Exhibit No.                   Description                           Page No.
-----------                   -----------                           --------

99                           Press Release Dated January 26, 2005       5