CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012
Interest income:
Loans	$ 24,043,000		$ 29,153,000
Total interest income	61,498,000	[1]	73,131,000	[2]
Total interest expense	33,128,000	[3]	38,923,000	[4]
Net interest income	28,370,000		34,208,000
Provision for loan losses	(430,000)		(420,000)
Net interest income after provision for loan losses	27,940,000		33,788,000
Non-interest income:
Guarantee and commitment fees	6,612,000		5,930,000
Gains on derivatives instruments and hedging activity net pretax	4,494,000		6,400,000
Gains on trading assets	210,000		1,099,000
Gains on sale of available-for-sale investment securities	2,000		28,000
Gains on sale of real estate owned	47,000		0
Other income	1,080,000		721,000
Non-interest income	12,445,000		14,178,000
Non-interest expense:
Compensation and employee benefits	4,698,000		4,485,000
General and administrative	2,917,000		2,758,000
Regulatory fees	594,000		563,000
Real estate owned operating costs, net	126,000		6,000
Provision for losses	746,000		30,000
Non-interest expense	9,081,000	[5]	7,842,000	[5]
Income before income taxes	31,304,000		40,124,000
Income tax expense	8,716,000		11,654,000
Net income	22,588,000		28,470,000
Net Income (Loss) Attributable to Noncontrolling Interest - preferred stock dividends	(5,547,000)		(5,547,000)
Net income attributable to Farmer Mac	17,041,000		22,923,000
Preferred stock dividends	(851,000)		(720,000)
Net income attributable to common stockholders	16,190,000		22,203,000
Earnings per common share and dividends:
Basic earnings per common share	$ 1.51		$ 2.14
Diluted Earnings per common share	$ 1.45		$ 2.04
Common stock dividends per common share	$ 0.12		$ 0.10
Investments and Cash Equivalents
Interest income:
Interest and dividend income, securities	5,734,000		6,232,000
Farmer Mac and USDA Guaranteed Securities
Interest income:
Interest and dividend income, securities	$ 31,721,000		$ 37,746,000

[1] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts.

[2] Includes reconciling adjustments for yield maintenance income and amortization of premiums on assets consolidated at fair value to reflect core earnings amounts.

[3] Based on effective funding cost determined for each operating segment, including expenses related to interest rate swaps not designated as hedges, which are included in "Gains on financial derivatives and hedging activities" on the GAAP financial statements.

[4] Based on effective funding cost determined for each operating segment, including expenses related to interest rate swaps, which are included in "Gains on financial derivatives and hedging activities" on the GAAP financial statements.

[5] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.