Item 8.01 Other Events.

On June 6, 2012, the Corporate Governance Committee and the Board of Directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac") reconsidered their April 5, 2012 independence determinations and determined that director nominees Thomas W. Hill and Douglas E. Wilhelm would not be "independent" directors under Farmer Mac's Corporate Governance Guidelines upon their election to the Board, and also withdrew the recommendation that those individuals be elected to the Board. Mr. Hill and Mr. Wilhelm remain on the ballot for election to the Board. The Board reconsiderations resulted from the recent receipt by Farmer Mac of additional information that related to a services agreement between Mr. Hill and Farm Credit Bank of Texas and a letter to Farmer Mac from Mr. Wilhelm disclosing ongoing discussions between Mr. Wilhelm and CoBank regarding a services agreement.

---