UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             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): October 6, 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)





Item 8.01.  Other Events.

     On October 6, 2005,  the Board of  Directors of the  Registrant  declared a
quarterly  dividend on the Registrant's  three classes of common stock - Class A
Voting Common Stock,  Class B Voting Common Stock, and Class C Non-Voting Common
Stock. The quarterly dividend of $0.10 per share of common stock will be payable
on  December  30, 2005 to holders of record of common  stock as of December  15,
2005. Also on October 6, 2005, the Board of Directors of the Registrant declared
a quarterly  dividend on the  Registrant's  6.40%  Cumulative  Preferred  Stock,
Series A. The  quarterly  dividend of $0.80 per share of preferred  stock is for
the period from October 1, 2005 through December 31, 2005 and will be payable on
January 3, 2006 to holders of record of preferred stock as of December 20, 2005.






                                   SIGNATURES


     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:      October 6, 2005