Exhibit 99


                                 FARMER MAC NEWS


FOR IMMEDIATE RELEASE                                       CONTACTS
November 14, 2005                                           Mary Waters
                                                            Farmer Mac
                                                            202-872-7700

                                                            John Hall
                                                            ABA
                                                            202-663-5473


                  ABA and Farmer Mac Announce Unique Alliance

     Washington,  D.C. -- The American Bankers Association (ABA) and the Federal
Agricultural  Mortgage Corporation ("Farmer Mac") have entered into an agreement
to bring  ABA  members  attractive  pricing  discounts,  easier  access  and new
opportunities in the secondary market for farm real estate loans.

     Under  the  exclusive  agreement,  ABA  member  banks  will  enjoy  pricing
discounts  for selected Farmer Mac products and new AgPower (SM) customized loan
packaging  services.  ABA members will also benefit from a  streamlined  process
through which they may access Farmer Mac.

     "Through this special agreement, Farmer Mac is providing ABA members better
access to Farmer Mac and the benefits that the secondary market for agricultural
mortgages can bring to their customers," said Edward Yingling, ABA president and
CEO.  "This is  especially  important for farmers and ranchers who are concerned
with rising  interest rates and want to manage  interest rate risk by locking in
long-term fixed rates for their farm mortgage debt."

     "Farmer  Mac is  extremely  pleased to be helping ABA member  banks  expand
their  farm  lending  capabilities  and  increase  the value  they  bring  their
customers,"  said Henry Edelman,  Farmer Mac president and CEO. "We look to this
alliance to help us serve an even larger  segment of the  banking  industry.  By
making it easier to access  Farmer  Mac,  we and ABA will give  lenders a better
ability to use our products and pass the benefits on to their farm borrowers."

     ABA  members  that  participate  in the  alliance  will have the freedom to
choose from not only the special  discounted  products but also the usual Farmer
Mac products including:

o     Competitively-priced long-term fixed rate farm loans, up to 20 years

o     Adjustable-rate  mortgages (ARMs), including thos e with  reset periods of
      one, three and five years

o     Long-term  fixed rates featuring  both open  and  partial open  prepayment
      options

     "The Farmer Mac/ABA  Alliance will provide ABA members a new set of options
to offer farm  customers,"  said Jeff  Wolfgram,  vice  president,  First Dakota
National Bank, a community bank in Yankton,  South Dakota.  "It's a good feeling
when you can sit down with farm  borrowers  and discuss a whole range of product
choices, including fixed rates of 10, 15 and 20 years."

Farmer Mac is a stockholder-owned instrumentality of the United States chartered
by Congress to  establish a secondary  market for  agricultural  real estate and
rural  housing  mortgage  loans and to  facilitate  capital  market  funding for
USDA-guaranteed  farm program and rural development loans.  Farmer Mac's Class C
non-voting  and Class A voting  common  stocks  are listed on the New York Stock
Exchange under the symbols AGM and AGM.A,  respectively.  Additional information
about Farmer Mac is available on Farmer Mac's website at www.farmermac.com.