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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 1,363,387us-gaap_CashAndCashEquivalentsAtCarryingValue $ 749,313us-gaap_CashAndCashEquivalentsAtCarryingValue
Loans:    
Loans held for investment, at amortized cost 2,833,461us-gaap_LoansAndLeasesReceivableGrossCarryingAmount 2,570,125us-gaap_LoansAndLeasesReceivableGrossCarryingAmount
Loans held for investment in consolidated trusts, at amortized cost 692,478us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets 629,989us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets
Allowance for loan losses (5,864)us-gaap_AllowanceForLoanAndLeaseLossesRealEstate (6,866)us-gaap_AllowanceForLoanAndLeaseLossesRealEstate
Total loans, net of allowance 3,520,075us-gaap_LoansAndLeasesReceivableNetReportedAmount 3,193,248us-gaap_LoansAndLeasesReceivableNetReportedAmount
Real estate owned, at lower of cost or fair value 421us-gaap_RealEstateAcquiredThroughForeclosure 2,617us-gaap_RealEstateAcquiredThroughForeclosure
Financial derivatives, at fair value 4,177us-gaap_DerivativeFairValueOfDerivativeAsset 19,718us-gaap_DerivativeFairValueOfDerivativeAsset
Interest receivable (includes $9,509 and $9,276, respectively, related to consolidated trusts) 104,550us-gaap_InterestReceivable 107,201us-gaap_InterestReceivable
Guarantee and commitment fees receivable 41,786us-gaap_GuarantyAssets 43,904us-gaap_GuarantyAssets
Deferred tax asset, net 33,391us-gaap_DeferredTaxAssetsLiabilitiesNet 44,045us-gaap_DeferredTaxAssetsLiabilitiesNet
Prepaid expenses and other assets 55,413us-gaap_PrepaidExpenseAndOtherAssets 14,046us-gaap_PrepaidExpenseAndOtherAssets
Total Assets 14,287,821us-gaap_Assets 13,361,780us-gaap_Assets
Notes payable:    
Due within one year 7,353,953us-gaap_ShortTermBorrowings 7,338,781us-gaap_ShortTermBorrowings
Due after one year 5,471,186us-gaap_LongTermDebt 5,001,169us-gaap_LongTermDebt
Total notes payable 12,825,139us-gaap_DebtAndCapitalLeaseObligations 12,339,950us-gaap_DebtAndCapitalLeaseObligations
Debt securities of consolidated trusts held by third parties 424,214us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities 261,760us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities
Financial derivatives, at fair value 84,844us-gaap_DerivativeFairValueOfDerivativeLiability 75,708us-gaap_DerivativeFairValueOfDerivativeLiability
Accrued interest payable (includes $5,145 and $2,823, respectively, related to consolidated trusts) 48,355us-gaap_InterestPayableCurrentAndNoncurrent 53,772us-gaap_InterestPayableCurrentAndNoncurrent
Guarantee and commitment obligation 37,925us-gaap_GuarantyLiabilities 39,667us-gaap_GuarantyLiabilities
Accounts payable and accrued expenses 81,252us-gaap_AccountsPayableAndOtherAccruedLiabilities 9,986us-gaap_AccountsPayableAndOtherAccruedLiabilities
Reserve for losses 4,263agm_ReserveForLosses 6,468agm_ReserveForLosses
Total Liabilities 13,505,992us-gaap_Liabilities 12,787,311us-gaap_Liabilities
Commitments and Contingencies (Note 6)      
Common stock:    
Additional paid-in capital 113,559us-gaap_AdditionalPaidInCapital 110,722us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income/(loss), net of tax 15,533us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (16,202)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 201,013us-gaap_RetainedEarningsAccumulatedDeficit 168,877us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 545,801us-gaap_StockholdersEquity 332,616us-gaap_StockholdersEquity
Non-controlling interest - preferred stock 236,028us-gaap_MinorityInterest 241,853us-gaap_MinorityInterest
Total Equity 781,829us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 574,469us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total Liabilities and Equity 14,287,821us-gaap_LiabilitiesAndStockholdersEquity 13,361,780us-gaap_LiabilitiesAndStockholdersEquity
Series A Preferred Stock [Member]    
Preferred stock:    
Preferred stock 58,333us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
58,333us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
Series B Preferred Stock [Member]    
Preferred stock:    
Preferred stock 73,044us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
0us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
Series C Preferred Stock [Member]    
Preferred stock:    
Preferred stock 73,382us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
0us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
Common Class A, Voting [Member]    
Common stock:    
Common Stock 1,031us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
1,031us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Common Class B, Voting [Member]    
Common stock:    
Common Stock 500us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
500us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Common Class C, Non-Voting [Member]    
Common stock:    
Common Stock 9,406us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassCMember
9,355us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassCMember
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 1,938,499us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
2,483,147us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Trading, at fair value 689us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
928us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Marketable Securities 1,939,188us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
2,484,075us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 3,659,281us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
5,091,600us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
Held-to-maturity, at amortized cost 1,794,620us-gaap_HeldToMaturitySecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
0us-gaap_HeldToMaturitySecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
Marketable Securities 5,453,901us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
5,091,600us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
USDA Securities [Member]
   
Assets:    
Available-for-sale, at fair value 1,731,222us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
1,553,669us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Trading, at fair value 40,310us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
58,344us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Marketable Securities $ 1,771,532us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
$ 1,612,013us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember