UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             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 13, 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 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)





Section 7 - Regulation FD

Item 7.01.  Regulation FD Disclosure.

     On July 13,  2005,  Farmer  Mac  issued a press  release  to  announce  the
formation of a global debt  program.  A copy of the press release is attached to
this report as Exhibit 99.


Section 9 - Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits.

(a) Not applicable.

(b) Not applicable.

(c) Exhibits:

            99. Press Release dated July 13, 2005.








                                   SIGNATURES

     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 13, 2005