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): April 28, 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 April 28, 2004.

Item 9.  Regulation FD Disclosure.

     On April 28, 2004,  the  Registrant  issued a press release to announce the
Registrant's  financial  results  for first  quarter  2004.  A copy of the press
release is attached to this report as Exhibit 99 and is  incorporated  herein by
reference.

     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.

















                                   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:      April 28, 2004











                                  EXHIBIT INDEX

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

99                           Press Release Dated April 28, 2004         5