<SEC-DOCUMENT>0000845877-22-000026.txt : 20220308
<SEC-HEADER>0000845877-22-000026.hdr.sgml : 20220308
<ACCEPTANCE-DATETIME>20220308175734
ACCESSION NUMBER:		0000845877-22-000026
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220223
FILED AS OF DATE:		20220308
DATE AS OF CHANGE:		20220308

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Willie Kerry T
		CENTRAL INDEX KEY:			0001915868

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14951
		FILM NUMBER:		22723075

	MAIL ADDRESS:	
		STREET 1:		C/O FARMER MAC 1999 K STREET N.W.
		STREET 2:		FOURTH FLOOR
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20006

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FEDERAL AGRICULTURAL MORTGAGE CORP
		CENTRAL INDEX KEY:			0000845877
		STANDARD INDUSTRIAL CLASSIFICATION:	FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
		IRS NUMBER:				521578738
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1999 K STREET NW,
		STREET 2:		4TH FLOOR
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20006
		BUSINESS PHONE:		2028727700

	MAIL ADDRESS:	
		STREET 1:		1999 K STREET NW,
		STREET 2:		4TH FLOOR
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20006
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>wf-form3_164678023859241.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2022-02-23</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000845877</issuerCik>
        <issuerName>FEDERAL AGRICULTURAL MORTGAGE CORP</issuerName>
        <issuerTradingSymbol>AGM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001915868</rptOwnerCik>
            <rptOwnerName>Willie Kerry T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1999 K STREET NW</rptOwnerStreet1>
            <rptOwnerStreet2>4TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>WASHINGTON</rptOwnerCity>
            <rptOwnerState>DC</rptOwnerState>
            <rptOwnerZipCode>20006</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP - Chief HR Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class C Non-Voting Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3035</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Includes restricted stock units (&quot;RSUs&quot;) previously granted under the Amended and Restated 2008 Omnibus Incentive Plan of the Federal Agricultural Mortgage Corporation (&quot;Farmer Mac&quot;). Each RSU represents the contingent right to receive, upon vesting of the unit, one share of Farmer Mac's Class C Non-Voting Common Stock. Ms. Willie was granted: (i) 860 time-based RSUs on April 15, 2019, which will vest on April 15, 2022; (ii) 1,245 time-based RSUs on April 1, 2020, which will vest on April 15, 2023 and (iii) 930 time-based RSUs on March 2, 2021, which will vest on April 15, 2024.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Stephen P. Mullery, as attorney-in-fact for Kerry T. Willie</signatureName>
        <signatureDate>2022-03-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>poa.htm
<DESCRIPTION>POWER OF ATTORNEY FOR: STEPHEN P. MULLERY, AS ATTORNEY-IN-FACT FOR KERRY T. WILLIE
<TEXT>
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<pre>
I, Kerry Willie, do hereby grant power of attorney to Stephen P. Mullery, Christy M. Prendergast, Joshua Shin, and Arriann Mathurin for the purpose of filing a Form ID Application on my behalf with the Securities and Exchange Commission.  This Limited Power of Attorney will remain in effect until revoked in writing by me.
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