Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Leibold Carla A
2. Date of Event Requiring Statement (Month/Day/Year)
12/06/2012
3. Issuer Name and Ticker or Trading Symbol
FEDERAL AGRICULTURAL MORTGAGE CORP [AGM]
(Last)
(First)
(Middle)
C/O FARMER MAC, 1999 K STREET, NW, 4TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Principal Accounting Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

WASHINGTON, DC 20006
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option   (1) 08/02/2017 Class C Non-Voting Common Stock 5,000 $ 28.24 D  
Stock Appreciation Right   (2) 10/02/2018 Class C Non-Voting Common Stock 6,000 $ 7.35 D  
Stock Appreciation Right   (3) 10/07/2019 Class C Non-Voting Common Stock 5,000 $ 7.78 D  
Stock Appreciation Right   (4) 10/01/2020 Class C Non-Voting Common Stock 5,000 $ 10.43 D  
Stock Appreciation Right   (5) 10/04/2021 Class C Non-Voting Common Stock 3,000 $ 18.14 D  
Stock Appreciation Right   (6) 04/05/2022 Class C Non-Voting Common Stock 3,000 $ 21.69 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Leibold Carla A
C/O FARMER MAC
1999 K STREET, NW, 4TH FLOOR
WASHINGTON, DC 20006
      Principal Accounting Officer  

Signatures

Carla A. Leibold 12/13/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Exercisable beginning July 9, 2008 with respect to 1,666 shares, beginning July 9, 2009 with respect to 1,667 shares, and beginning July 9, 2010 with respect to 1,667 shares.
(2) Exercisable beginning August 31, 2009 with respect to 2000 shares, beginning August 31, 2010 with respect to 2000 shares, and beginning August 31, 2011 with respect to 2000 shares.
(3) Exercisable beginning August 31, 2010 with respect to 1667 shares, beginning August 31, 2011 with respect to 1667 shares, and beginning August 31, 2012 with respect to 1666 shares.
(4) Exercisable beginning August 31, 2011 with respect to 1667 shares, beginning August 31, 2012 with respect to 1667 shares, and beginning August 31, 2013 with respect to 1666 shares.
(5) Exercisable beginning August 31, 2012 with respect to 1000 shares, beginning August 31, 2013 with respect to 1000 shares, and beginning August 31, 2014 with respect to 1000 shares.
(6) Exercisable beginning March 31, 2013 with respect to 1000 shares, beginning March 31, 2014 with respect to 1000 shares and beginning March 31, 2015 with respect to 1000 shares.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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