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): May 30, 2002

                    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 7.  Financial Statements and Exhibits.

      (a)   Not applicable.

      (b)   Not applicable.

      (c)   Exhibits:

                  99    Press release dated May 30, 2002.

Item 9.  Regulation FD Disclosure.

     On May 30,  2002,  the  Registrant  issued a press  release  to  announce a
conference call on May 31, 2002 for investors in its stock. The press release is
filed as Exhibit 99 hereto and incorporated herein by reference.


     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:      May 30, 2002

                                  EXHIBIT INDEX

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

99                           Press Release Dated May 30, 2002           5

                                                                  Exhibit 99


       FOR IMMEDIATE RELEASE                                CONTACT
       ---------------------                                -------
          May 30, 2002                                    Jerome Oslick

                  Farmer Mac Announces Investor Conference Call

     Washington,  D.C. -- The Federal Agricultural  Mortgage Corporation (Farmer
Mac, NYSE: AGM and AGMA), the  stockholder-owned  instrumentality  of the United
States  chartered by Congress to establish a secondary  market for  agricultural
real estate and rural housing mortgage loans,  announced today that it will hold
a conference call beginning at 9:00 a.m. Eastern time,  Friday, May 31, 2002 for
Farmer Mac investors.

     The company  said that while there are no  developments  within the company
that could account for the recent loss in value of its Class C Common Stock,  it
is holding the call in order to reconfirm  its strong  financial  condition  and
outlook  to the  financial  community.  Farmer  Mac also  reaffirmed  its  prior
guidance that it is on track to meet or exceed  analysts'  expectations for both
the second quarter and the full year.

     Additional  information  about  Farmer  Mac is  available  on Farmer  Mac's
website  at  www.farmermac.com.  The  conference  call will be webcast on Farmer
Mac's website,  and an audio  recording of that call will be available on Farmer
Mac's website after the call is concluded.

Forward-Looking Statements

     This release includes forward-looking  statements that reflect management's
current  expectations  for Farmer Mac's future financial  results.  Management's
expectations for Farmer Mac's future necessarily involve assumptions,  estimates
and the  evaluation  of risks and  uncertainties.  Various  factors  could cause
actual events or results to differ materially from those  expectations.  Some of
the  important  factors that could cause  Farmer Mac's actual  results to differ
materially from management's  expectations include uncertainties  regarding: (1)
the  rate  and  direction  of  the  development  of  the  secondary  market  for
agricultural  mortgage loans;  (2) the agricultural  economy  resulting from low
commodity  prices,  weak demand for U.S.  agricultural  products and crop damage
from natural  disasters;  (3) the effect on the agricultural  economy of federal
assistance to farmers provided for in the recently-passed farm bill; and (4) the
possible  establishment  of additional  statutory or regulatory  restrictions on
Farmer Mac, such as restrictions on Farmer Mac's investment authority. These and
other  factors are  discussed in Farmer Mac's Annual Report on Form 10-K for the
year  ended  December  31,  2001,  as filed  with the  Securities  and  Exchange
Commission on March 27, 2002, and in Farmer Mac's Quarterly  Report on Form 10-Q
for the quarter ended March 31, 2002, as filed with the SEC on May 15, 2002. The
forward-looking  statements contained herein represent management's expectations
as of the date of this release.  Farmer Mac  undertakes no obligation to release
publicly the results of any revisions to the forward-looking statements included
herein to  reflect  events or  circumstances  after  today,  or to  reflect  the
occurrence of unanticipated events.

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