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 3, 2002

                    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 7.  Financial Statements and Exhibits.

      (a)   Not applicable.

      (b)   Not applicable.

      (c)   Exhibits:

                  99    Press release dated June 3, 2002.

Item 9.  Regulation FD Disclosure.

     On June 3, 2002, the Registrant issued a press release to announce that the
recording  of the May 31,  2002  conference  call  for its  investors  would  be
available on the  Registrant's  website through the close of business on Friday,
June 7, 2002.  The press release is filed as Exhibit 99 hereto and  incorporated
herein by reference.


     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 3, 2002

                                  EXHIBIT INDEX

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

99                           Press Release Dated June 3, 2002           5

                                                               Exhibit 99


FOR IMMEDIATE RELEASE                                       CONTACT
June 3, 2002                                                Jerome Oslick

                 Farmer Mac Investor Conference Call on Website

     Washington,  D.C. -- The Federal Agricultural  Mortgage Corporation (Farmer
Mac, NYSE: AGM and AGMA), the  stockholder-owned  instrumentality  of the United
States  chartered by Congress to establish a secondary  market for  agricultural
real estate and rural housing mortgage loans, announced today that the recording
of its  Friday,  May 31,  2002  conference  call for Farmer Mac  investors  will
continue to be available on its website through the close of business on Friday,
June 7, 2002 to ensure that Farmer Mac's  investors and the public at large have
access to a complete and accurate  version of management's  presentation and the
ensuing question-and-answer session.

     In accordance  with the notice  provided by the Company's press release and
Form 8-K dated  May 30,  2002,  Farmer  Mac's  senior  management  conducted  an
investor  conference call on Friday, May 31, 2002, to reconfirm to its investors
and other members of the financial  community its strong financial condition and
positive  outlook.  Farmer Mac also  reaffirmed its prior guidance that it is on
track to meet or exceed  analysts'  expectations for both the second quarter and
the full year. In addition,  any and all investors were invited to ask questions
and  had  ample  opportunity  to do so in a full  and  lively  discussion.  That
conference  call was webcast on a real-time  basis,  and remains  available  for
replay, on the Company's website at  http://www.farmermac.com.  The Company will
continue to make the recording of the  conference  call available on its website
through the close of business on Friday, June 7, 2002.

     Additional  information  about  Farmer  Mac is  available  on Farmer  Mac's

Forward-Looking Statements

     This release includes forward-looking  statements that reflect management's
current  expectations  for Farmer Mac's future financial  results.  Management's
expectations for Farmer Mac's future necessarily involve assumptions,  estimates
and the  evaluation  of risks and  uncertainties.  Various  factors  could cause
actual events or results to differ materially from those  expectations.  Some of
the  important  factors that could cause  Farmer Mac's actual  results to differ
materially from management's  expectations include uncertainties  regarding: (1)
the  rate  and  direction  of  the  development  of  the  secondary  market  for
agricultural  mortgage loans;  (2) the agricultural  economy  resulting from low
commodity  prices,  weak demand for U.S.  agricultural  products and crop damage
from natural  disasters;  (3) the effect on the agricultural  economy of federal
assistance to farmers provided for in the recently-passed farm bill; and (4) the
possible  establishment  of additional  statutory or regulatory  restrictions on
Farmer Mac, such as restrictions on Farmer Mac's investment authority. These and
other  factors are  discussed in Farmer Mac's Annual Report on Form 10-K for the
year  ended  December  31,  2001,  as filed  with the  Securities  and  Exchange
Commission on March 27, 2002, and in Farmer Mac's Quarterly  Report on Form 10-Q
for the quarter ended March 31, 2002, as filed with the SEC on May 15, 2002. The
forward-looking  statements contained herein represent management's expectations
as of the date of this release.  Farmer Mac  undertakes no obligation to release
publicly the results of any revisions to the forward-looking statements included
herein to  reflect  events or  circumstances  after  today,  or to  reflect  the
occurrence of unanticipated events.