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): January 9, 2006

                    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 January 9, 2006,  Farmer Mac issued a press  release to announce the offering
of $500 million of agricultural  mortgage-backed guaranteed notes. 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 January 9, 2006.


      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:      January 9, 2006