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): November 14, 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  November  14,  2005,  Farmer Mac issued a press  release to announce an
alliance  agreement with the American Bankers  Association.  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 November 14, 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:      November 14, 2005