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Long-Term Debt - Summary of long-term debt outstanding and the weighted-average effective interest rates (Details) - USD ($)
$ in Thousands
May 31, 2023
May 31, 2022
Debt Instrument [Line Items]    
Total $ 23,946,548 $ 21,545,440
Weighted- Average Interest Rate 3.44% 2.68%
Collateral trust bonds    
Debt Instrument [Line Items]    
Long-term debt, gross $ 7,792,711 $ 7,097,711
Unamortized discount (178,832) (216,608)
Debt issuance costs (35,906) (32,613)
Total $ 7,577,973 $ 6,848,490
Weighted- Average Interest Rate 3.46% 3.17%
Guaranteed Underwriter Program notes payable    
Debt Instrument [Line Items]    
Long-term debt, gross $ 6,720,643 $ 6,105,473
Weighted- Average Interest Rate 3.09% 2.69%
Farmer Mac notes payable    
Debt Instrument [Line Items]    
Long-term debt, gross   $ 3,094,679
Total $ 3,149,898  
Weighted- Average Interest Rate 3.92% 2.33%
Other secured notes payable    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,098 $ 2,755
Debt issuance costs (2) (9)
Total $ 1,096 $ 2,746
Weighted- Average Interest Rate 3.06% 3.10%
Secured notes payable    
Debt Instrument [Line Items]    
Total $ 9,871,637 $ 9,202,898
Secured long-term debt    
Debt Instrument [Line Items]    
Total $ 17,449,610 $ 16,051,388
Weighted- Average Interest Rate 3.40% 2.83%
Medium-term notes sold through dealers    
Debt Instrument [Line Items]    
Long-term debt, gross $ 6,152,726 $ 5,263,496
Weighted- Average Interest Rate 3.52% 2.20%
Medium-term notes to members    
Debt Instrument [Line Items]    
Long-term debt, gross $ 365,260 $ 250,397
Weighted- Average Interest Rate 3.98% 2.70%
Unsecured medium-term notes    
Debt Instrument [Line Items]    
Long-term debt, gross $ 6,517,986 $ 5,513,893
Unamortized premium (discount), net 4 (2,086)
Debt issuance costs (21,122) (19,723)
Total $ 6,496,868 $ 5,492,084
Weighted- Average Interest Rate 3.55% 2.22%
Unsecured notes payable    
Debt Instrument [Line Items]    
Long-term debt, gross $ 71 $ 1,979
Unamortized discount (1) (10)
Debt issuance costs $ 0 $ (1)
Weighted- Average Interest Rate 0.00% 0.00%
Total unsecured notes payable    
Debt Instrument [Line Items]    
Total $ 70 $ 1,968
Unsecured long-term debt    
Debt Instrument [Line Items]    
Total $ 6,496,938 $ 5,494,052
Weighted- Average Interest Rate 3.55% 2.22%