FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Leibold Carla A   2. Issuer Name and Ticker or Trading Symbol FEDERAL AGRICULTURAL MORTGAGE CORP [AGM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Principal Accounting Officer (Last) (First) (Middle) C/O FARMER MAC, 1999 K STREET, NW, 4TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 02/05/2013 (Street) WASHINGTON, DC 20006 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class C Non-Voting Common Stock 02/05/2013   M   3,334 (1) A $ 7.78 3,334 D   Class C Non-Voting Common Stock 02/05/2013   M   1,667 (1) A $ 10.43 5,001 D   Class C Non-Voting Common Stock 02/05/2013   F   1,561 (1) D $ 35.25 3,440 D   Class C Non-Voting Common Stock 02/05/2013   D   1,228 (1) D $ 35.25 2,212 D   Class C Non-Voting Common Stock 02/06/2013   S   800 (2) D $ 35.0593 1,412 D   Class C Non-Voting Common Stock 02/07/2013   S   1,412 (2) D $ 34.6889 0 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Appreciation Right

$ 7.78

02/05/2013

M

3,334

(3)

10/07/2019

Class C Non-Voting Common Stock

3,334

$ 7.78

1,666

D

Stock Appreciation Right

$ 10.43

02/05/2013

M

1,667

(4)

10/01/2020

Class C Non-Voting Common Stock

1,667

$ 10.43

3,333

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Leibold Carla A C/O FARMER MAC 1999 K STREET, NW, 4TH FLOOR WASHINGTON, DC 20006			Principal Accounting Officer

Signatures

Anjali Desai, as attorney-in-fact for Carla A. Leibold		02/07/2013
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Ms. Leibold received 2,212 shares of the Federal Agricultural Mortgage Corporation's Class C Non-Voting Common Stock upon net share settlement of her partial exercise of 3,334 stock appreciation rights with a grant price of $7.78 per share and her partial exercise of 1,667 stock appreciation rights with a grant price of $10.43 per share. Those partial exercises entitled Ms. Leibold to receive 3,773 shares of the Corporation's Class C Non-Voting Common Stock, and 1,561 shares were retained by the Corporation to satisfy tax withholding requirements arising from the exercises. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of the Corporation's Class C Non-Voting Common Stock equal to the excess of the fair market value of the shares on the exercise date over the grant price.
(2)	Transaction effected pursuant to a trading plan adopted by Ms. Leibold in accordance with Rule 10b5-1.
(3)	Exercisable beginning August 31, 2010 with respect to 1667 shares, beginning August 31, 2011 with respect to 1667 shares, and beginning August 31, 2012 with respect to 1666 shares.
(4)	Exercisable beginning August 31, 2011 with respect to 1667 shares, beginning August 31, 2012 with respect to 1667 shares, and beginning August 31, 2013 with respect to 1666 shares.

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