<SEC-DOCUMENT>0000845877-25-000037.txt : 20250227
<SEC-HEADER>0000845877-25-000037.hdr.sgml : 20250227
<ACCEPTANCE-DATETIME>20250227181441
ACCESSION NUMBER:		0000845877-25-000037
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250225
FILED AS OF DATE:		20250227
DATE AS OF CHANGE:		20250227

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NORDHOLM BRADFORD T
		CENTRAL INDEX KEY:			0001391468
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14951
		FILM NUMBER:		25681396

	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]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				521578738
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2100 PENNSYLVANIA AVE NW
		STREET 2:		SUITE 450N
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20037
		BUSINESS PHONE:		2028727700

	MAIL ADDRESS:	
		STREET 1:		2100 PENNSYLVANIA AVE NW
		STREET 2:		SUITE 450N
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20037
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
<FILENAME>wk-form4_1740698074.xml
<DESCRIPTION>FORM 4
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        <issuerName>FEDERAL AGRICULTURAL MORTGAGE CORP</issuerName>
        <issuerTradingSymbol>AGM</issuerTradingSymbol>
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            <rptOwnerStreet1>C/O FARMER MAC, 2100 PENNSYLVANIA AVE NW</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 450N</rptOwnerStreet2>
            <rptOwnerCity>WASHINGTON</rptOwnerCity>
            <rptOwnerState>DC</rptOwnerState>
            <rptOwnerZipCode>20037</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President and CEO</officerTitle>
            <otherText></otherText>
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                    <footnoteId id="F2"/>
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                </transactionPricePerShare>
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                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionShares>
                    <value>3939</value>
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                    <footnoteId id="F4"/>
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                <transactionPricePerShare>
                    <value>203.93</value>
                </transactionPricePerShare>
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                <sharesOwnedFollowingTransaction>
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                <value>Class C Non-Voting Common Stock</value>
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                <transactionShares>
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                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
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                    <value>203.93</value>
                </transactionPricePerShare>
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                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
                    <value>48468.4506</value>
                    <footnoteId id="F3"/>
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                <directOrIndirectOwnership>
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        </nonDerivativeTransaction>
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    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Appreciation Right</value>
            </securityTitle>
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            </conversionOrExercisePrice>
            <transactionDate>
                <value>2025-02-25</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>10290</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2029-02-27</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class C Non-Voting Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10290</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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        <derivativeTransaction>
            <securityTitle>
                <value>Stock Appreciation Right</value>
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                <value>75.16</value>
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                <transactionFormType>4</transactionFormType>
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                    <value>D</value>
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                <footnoteId id="F6"/>
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            <expirationDate>
                <value>2030-03-03</value>
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                <underlyingSecurityTitle>
                    <value>Class C Non-Voting Common Stock</value>
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                    <value>12915</value>
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    <footnotes>
        <footnote id="F1">In connection with the net share settlement of the exercise of 10,290 vested stock appreciation rights (&quot;SARs&quot;) granted in February 2019 with a grant price of $82.76 per share, Mr. Nordholm was entitled to receive 6,114  shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation (&quot;Farmer Mac&quot;). Of these shares, Mr. Nordholm receieved 3,148 shares, and Farmer Mac retained 2,966 shares to satisfy tax withholding requirements arising from the exercise. The 4,176 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.</footnote>
        <footnote id="F2">Transaction effected during an open trading window for employees and directors of Farmer Mac.</footnote>
        <footnote id="F3">Includes 29,332 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Pan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.</footnote>
        <footnote id="F4">In connection with the net share settlement of the exercise of 12,915 vested stock appreciation rights (&quot;SARs&quot;) granted in March 2020 with a grant price of $75.16 per share, Mr. Nordholm was entitled to receive 8,155  shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation (&quot;Farmer Mac&quot;). Of these shares, Mr. Nordholm receieved 4,216 shares, and Farmer Mac retained 3,939 shares to satisfy tax withholding requirements arising from the exercise. The 4,760 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.</footnote>
        <footnote id="F5">Exercisable beginning March 31, 2020 with respect to 3,430 shares, beginning March 31, 2021 with respect to 3,430 shares, and beginning March 31, 2022 with respect to 3,430 shares.</footnote>
        <footnote id="F6">Exercisable beginning March 31, 2021 with respect to 4,305 shares, beginning March 31, 2022 with respect to 4,305 shares, and beginning March 31, 2023 with respect to 4,305 shares.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Stephen P. Mullery, as attorney-in-fact for Bradford T. Nordholm</signatureName>
        <signatureDate>2025-02-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
