schedule13d_nov09.htm

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 313148108				Page 2 of 5 Pages
1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON National Rural Utilities Cooperative Finance Corporation 52-0891669
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP				(a) ¨ (b) ¨
3	SEC USE ONLY
4	SOURCE OF FUNDS (See Instructions) WC
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
	TO ITEMS 2(d) or 2(e)				¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION District of Columbia
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 79,000
		8	SHARED VOTING POWER
		9	SOLE DISPOSITIVE POWER 79,000
		10	SHARED DISPOSITIVE POWER
11	AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 79,000
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)				¨
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.7%
14	TYPE OF REPORTING PERSON (see Instructions) CO

(a) - (c) This Statement is filed by National Rural Utilities Cooperative Finance Corporation (“National Rural”), 2201 Cooperative Way, Herndon, VA, 20171. National Rural’s principal business is providing financing to rural electric cooperatives in the United States.

National Rural intends to make additional investments in Farmer Mac Class A Common Shares and intends to review its investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, National Rural’s financial position and investment strategy, the price levels of the shares, conditions in the securities markets and general economic and industry conditions. National Rural may in the future take such actions with respect to its investment in the Issuer as it deems appropriate including, without limitation, selling some or all of its Shares or purchasing additional Shares, seeking director nomination, voting shares and formulating other plans or proposals regarding Farmer Mac or its securities to the extent deemed advisable by National Rural in light of its business, general investment policies, market conditions and any subsequent developments affecting Farmer Mac and the general business and future prospects of Farmer Mac. National Rural may take any other action with respect to the shares permitted by applicable law.

Date	Number of Common Shares Purchased	Price Per Common Share
11/10/09	8,100	6.50
11/10/09	100	6.46
11/10/09	6,000	6.49
11/11/09	10,600	6.50
11/12/09	26,200	6.50
11/12/09	2,700	6.40
11/13/09	10,000	6.40
11/16/09	14,900	6.40