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): August 7, 2003

                    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 5.  Other Events and Regulation FD Disclosure.

     On August 7, 2003,  the Board of  Directors  of the  Registrant  declared a
quarterly dividend on the Registrant's 6.40% Cumulative  Preferred Stock, Series
A. The  dividend  of $0.80 per share,  which is for the period from July 1, 2003
through   September  30,  2003,  will  be  payable  on  September  30,  2003  to
stockholders of record as of September 20, 2003.


     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:      August 12, 2003