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): August 16, 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 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 9.  Regulation FD Disclosure.

     President  Bush's  nominations  of Frederick  L. Dailey and Grace  Trujillo
Daniel  to serve on the Board of  Directors  of Farmer  Mac (the  "Board")  were
confirmed by the United States Senate on July 29, 2002. Mr. Dailey took the oath
of office as Chairman of the Board on August 16, 2002;  Ms. Daniel took the oath
of office as a member of the Board on August 17, 2002. Mr. Dailey and Ms. Daniel
replace Gordon Clyde Southern and Clyde A. Wheeler, Jr. as members of the Board.
Mr. Dailey replaces Charles Eugene Branstool as Chairman of the Board, while Mr.
Branstool remains as a member of the Board.


     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:      August 20, 2002