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Business Segment Reporting - (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Segment Reporting Information [Line Items]          
Total interest income $ 62,975 [1] $ 63,810 [2] $ 186,218 [1] $ 208,519 [2]  
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income 0 0 0 0  
Interest Expense (34,787) [3] (33,448) [4] (101,499) [3] (109,332) [4]  
Net interest income 28,188 30,362 84,719 99,187  
Guaranty Fee Income 6,819 6,401 20,190 18,395  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 3,002 [5] 2,063 [6] 28,559 [5] (23,034) [6]  
Noninterest Income/(loss) 9,821 8,464 48,749 (4,639)  
Provision for loan losses (499) 137 (598) (663)  
Provision for Other Credit Losses 463 (43) 1,034 1,381  
Noninterest Expense, Excluding Loan, Lease and Other Losses 7,978 7,791 24,452 23,418  
Noninterest Expense 8,441 [7] 7,748 [7] 25,486 [7] 24,799 [7]  
Income/(loss) before income taxes 30,067 30,941 108,580 70,412  
Income tax (benefit)/expense (8,226) (8,294) (29,978) (17,319)  
Net income 21,841 22,647 78,602 53,093  
Preferred stock dividends (881) (719) (2,613) (2,159)  
Net Income Attributable to Noncontrolling Interest - preferred stock dividends (5,547) (5,547) (16,641) (16,641)  
Net income attributable to common stockholders 15,413 16,381 59,348 34,293  
Total assets at carrying value 13,085,007 12,502,481 13,085,007 12,502,481 12,622,201
On and Off Balance Sheet Program Assets, At Principal Balance 13,786,266 12,468,059 13,786,266 12,468,059  
Farm & Ranch [Member]
         
Segment Reporting Information [Line Items]          
Segment interest and dividend income operating 30,139 [1] 28,887 [2] 88,318 [1] 103,328 [2]  
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income (227) (190) (602) (1,463)  
Segment interest expense (13,738) [3] (11,858) [4] (39,168) [3] (53,403) [4]  
Segment net effective spread 16,174 16,839 48,548 48,462  
Segment guarantee fee income 5,953 5,551 17,613 16,340  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 157 [5] 519 [6] 2,051 [5] 1,470 [6]  
Segment non interest income 6,110 6,070 19,664 17,810  
Provision for loan losses (499) 137 (598) (663)  
Provision for Other Credit Losses 463 (43) 1,034 1,381  
Noninterest Expense, Excluding Loan, Lease and Other Losses 3,785 3,582 11,756 10,650  
Noninterest Expense 4,248 [7] 3,539 [7] 12,790 [7] 12,031 [7]  
Segment core earnings before income taxes 18,535 19,233 56,020 54,904  
Income tax (benefit)/expense (6,487) (6,731) (19,607) (19,216)  
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends 12,048 12,502 36,413 35,688  
Preferred stock dividends 0 0 0 0  
Net Income Attributable to Noncontrolling Interest - preferred stock dividends 0 0 0 0  
Segment core earnings 12,048 12,502 36,413 35,688  
Total assets at carrying value 5,630,252 5,046,716 5,630,252 5,046,716  
On and Off Balance Sheet Program Assets, At Principal Balance 9,545,398 8,712,157 9,545,398 8,712,157  
USDA Guarantees [Member]
         
Segment Reporting Information [Line Items]          
Segment interest and dividend income operating 13,461 [1] 14,299 [2] 39,959 [1] 42,811 [2]  
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income 0 0 0 0  
Segment interest expense (10,630) [3] (11,469) [4] (31,457) [3] (34,425) [4]  
Segment net effective spread 2,831 2,830 8,502 8,386  
Segment guarantee fee income 30 38 105 126  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 241 [5] 251 [6] 758 [5] 525 [6]  
Segment non interest income 271 289 863 651  
Provision for loan losses 0 0 0 0  
Provision for Other Credit Losses 0 0 0 0  
Noninterest Expense, Excluding Loan, Lease and Other Losses 769 757 2,341 2,265  
Noninterest Expense 769 [7] 757 [7] 2,341 [7] 2,265 [7]  
Segment core earnings before income taxes 2,333 2,362 7,024 6,772  
Income tax (benefit)/expense (817) (827) (2,459) (2,371)  
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends 1,516 1,535 4,565 4,401  
Preferred stock dividends 0 0 0 0  
Net Income Attributable to Noncontrolling Interest - preferred stock dividends 0 0 0 0  
Segment core earnings 1,516 1,535 4,565 4,401  
Total assets at carrying value 1,674,309 1,640,940 1,674,309 1,640,940  
On and Off Balance Sheet Program Assets, At Principal Balance 1,676,793 1,599,226 1,676,793 1,599,226  
Rural Utilities [Member]
         
Segment Reporting Information [Line Items]          
Segment interest and dividend income operating 14,958 [1] 15,401 [2] 44,838 [1] 48,223 [2]  
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income 0 0 0 0  
Segment interest expense (11,973) [3] (12,292) [4] (35,806) [3] (38,931) [4]  
Segment net effective spread 2,985 3,109 9,032 9,292  
Segment guarantee fee income 1,063 1,002 3,074 3,392  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 0 [5] 300 [6] 0 [5] 301 [6]  
Segment non interest income 1,063 1,302 3,074 3,693  
Provision for loan losses 0 0 0 0  
Provision for Other Credit Losses 0 0 0 0  
Noninterest Expense, Excluding Loan, Lease and Other Losses 1,356 1,368 4,104 4,135  
Noninterest Expense 1,356 [7] 1,368 [7] 4,104 [7] 4,135 [7]  
Segment core earnings before income taxes 2,692 3,043 8,002 8,850  
Income tax (benefit)/expense (942) (1,065) (2,801) (3,097)  
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends 1,750 1,978 5,201 5,753  
Preferred stock dividends 0 0 0 0  
Net Income Attributable to Noncontrolling Interest - preferred stock dividends 0 0 0 0  
Segment core earnings 1,750 1,978 5,201 5,753  
Total assets at carrying value 2,567,828 2,206,529 2,567,828 2,206,529  
On and Off Balance Sheet Program Assets, At Principal Balance 2,564,075 2,156,676 2,564,075 2,156,676  
Corporate [Member]
         
Segment Reporting Information [Line Items]          
Segment interest and dividend income operating 5,263 [1] 6,437 [2] 16,468 [1] 18,693 [2]  
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income 0 0 0 0  
Segment interest expense (1,472) [3] (1,959) [4] (4,443) [3] (4,736) [4]  
Segment net effective spread 3,791 4,478 12,025 13,957  
Segment guarantee fee income 0 0 0 0  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees (825) [5] (699) [6] 1,395 [5] (1,939) [6]  
Segment non interest income (825) (699) 1,395 (1,939)  
Provision for loan losses 0 0 0 0  
Provision for Other Credit Losses 0 0 0 0  
Noninterest Expense, Excluding Loan, Lease and Other Losses 2,068 2,084 6,251 6,368  
Noninterest Expense 2,068 [7] 2,084 [7] 6,251 [7] 6,368 [7]  
Segment core earnings before income taxes 898 1,695 7,169 5,650  
Income tax (benefit)/expense 1,983 1,941 5,516 5,347  
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends 2,881 3,636 12,685 10,997  
Preferred stock dividends (881) (719) (2,613) (2,159)  
Net Income Attributable to Noncontrolling Interest - preferred stock dividends (5,547) (5,547) (16,641) (16,641)  
Segment core earnings (3,547) (2,630) (6,569) (7,803)  
Total assets at carrying value 3,212,618 3,608,296 3,212,618 3,608,296  
On and Off Balance Sheet Program Assets, At Principal Balance 0 0 0 0  
Reconciling Adjustments [Member]
         
Segment Reporting Information [Line Items]          
Segment interest and dividend income operating (846) [1] (1,214) [2] (3,365) [1] (4,536) [2]  
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income 227 190 602 1,463  
Segment interest expense 3,026 [3] 4,130 [4] 9,375 [3] 22,163 [4]  
Segment net effective spread 2,407 3,106 6,612 19,090  
Segment guarantee fee income (227) (190) (602) (1,463)  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 3,429 [5] 1,692 [6] 24,355 [5] (23,391) [6]  
Segment non interest income 3,202 1,502 23,753 (24,854)  
Provision for loan losses 0 0 0 0  
Provision for Other Credit Losses 0 0 0 0  
Noninterest Expense, Excluding Loan, Lease and Other Losses 0 0 0 0  
Noninterest Expense 0 [7] 0 [7] 0 [7] 0 [7]  
Segment core earnings before income taxes 5,609 [8] 4,608 [8] 30,365 [8] (5,764) [8]  
Income tax (benefit)/expense (1,963) (1,612) (10,627) 2,018  
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends 3,646 [8] 2,996 [8] 19,738 [8] (3,746) [8]  
Preferred stock dividends 0 0 0 0  
Net Income Attributable to Noncontrolling Interest - preferred stock dividends 0 0 0 0  
Segment core earnings 3,646 [8] 2,996 [8] 19,738 [8] (3,746) [8]  
Total assets at carrying value 0 0 0 0  
On and Off Balance Sheet Program Assets, At Principal Balance $ 0 $ 0 $ 0 $ 0  
[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/(losses) on financial derivatives and hedging activities" on the consolidated 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/(losses) on financial derivatives and hedging activities" on the consolidated financial statements.
[5] Includes reconciling adjustments for the reclassification of expenses related to interest rate swaps not designated as hedges and fair value adjustments on financial derivatives and trading assets. Also includes a reconciling adjustment related to the recognition of deferred gains over the estimated lives of certain Farmer Mac Guaranteed Securities and USDA Guaranteed Securities.
[6] Includes reconciling adjustments for the reclassification of yield maintenance income, expenses related to interest rate swaps and fair value adjustments on financial derivatives and trading assets. Also includes a reconciling adjustment related to the recognition of deferred gains over the estimated lives of certain Farmer Mac Guaranteed Securities and USDA Guaranteed Securities.
[7] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.
[8] Net adjustments to reconcile core earnings before income taxes; core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends; and segment core earnings to corresponding income measures: income before income taxes, net income, and net income attributable to common stockholders, respectively.