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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets:    
Cash and cash equivalents $ 1,556,246us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,363,387us-gaap_CashAndCashEquivalentsAtCarryingValue
Loans:    
Loans held for investment, at amortized cost 3,082,378us-gaap_LoansAndLeasesReceivableGrossCarryingAmount 2,833,461us-gaap_LoansAndLeasesReceivableGrossCarryingAmount
Loans held for investment in consolidated trusts, at amortized cost 457,117us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets 692,478us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets
Allowance for loan losses (5,940)us-gaap_AllowanceForLoanAndLeaseLossesRealEstate (5,864)us-gaap_AllowanceForLoanAndLeaseLossesRealEstate
Total loans, net of allowance 3,533,555us-gaap_LoansAndLeasesReceivableNetReportedAmount 3,520,075us-gaap_LoansAndLeasesReceivableNetReportedAmount
Real estate owned, at lower of cost or fair value 421us-gaap_RealEstateAcquiredThroughForeclosure 421us-gaap_RealEstateAcquiredThroughForeclosure
Financial derivatives, at fair value 4,808us-gaap_DerivativeFairValueOfDerivativeAsset 4,177us-gaap_DerivativeFairValueOfDerivativeAsset
Interest receivable (includes $3,422 and $9,509, respectively, related to consolidated trusts) 66,312us-gaap_InterestReceivable 106,874us-gaap_InterestReceivable
Guarantee and commitment fees receivable 38,342us-gaap_GuarantyAssets 39,462us-gaap_GuarantyAssets
Deferred tax asset, net 14,750us-gaap_DeferredTaxAssetsLiabilitiesNet 33,391us-gaap_DeferredTaxAssetsLiabilitiesNet
Prepaid expenses and other assets 53,327us-gaap_PrepaidExpenseAndOtherAssets 55,413us-gaap_PrepaidExpenseAndOtherAssets
Total Assets 14,849,685us-gaap_Assets 14,287,821us-gaap_Assets
Notes payable:    
Due within one year 7,957,193us-gaap_ShortTermBorrowings 7,353,953us-gaap_ShortTermBorrowings
Due after one year 5,648,752us-gaap_LongTermDebt 5,471,186us-gaap_LongTermDebt
Total notes payable 13,605,945us-gaap_DebtAndCapitalLeaseObligations 12,825,139us-gaap_DebtAndCapitalLeaseObligations
Debt securities of consolidated trusts held by third parties 457,903us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities 424,214us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities
Financial derivatives, at fair value 95,493us-gaap_DerivativeFairValueOfDerivativeLiability 84,844us-gaap_DerivativeFairValueOfDerivativeLiability
Accrued interest payable (includes $2,740 and $5,145, respectively, related to consolidated trusts) 36,383us-gaap_InterestPayableCurrentAndNoncurrent 48,355us-gaap_InterestPayableCurrentAndNoncurrent
Guarantee and commitment obligation 36,537us-gaap_GuarantyLiabilities 37,925us-gaap_GuarantyLiabilities
Accounts payable and accrued expenses 31,433us-gaap_AccountsPayableAndOtherAccruedLiabilities 81,252us-gaap_AccountsPayableAndOtherAccruedLiabilities
Reserve for losses 3,491agm_ReserveForLosses 4,263agm_ReserveForLosses
Total Liabilities 14,267,185us-gaap_Liabilities 13,505,992us-gaap_Liabilities
Commitments and Contingencies (Note 6)      
Common stock:    
Additional paid-in capital 114,364us-gaap_AdditionalPaidInCapital 113,559us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income, net of tax 51,184us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 15,533us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 201,081us-gaap_RetainedEarningsAccumulatedDeficit 201,013us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 582,325us-gaap_StockholdersEquity 545,801us-gaap_StockholdersEquity
Non-controlling interest 175us-gaap_MinorityInterest 236,028us-gaap_MinorityInterest
Total Equity 582,500us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 781,829us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total Liabilities and Equity 14,849,685us-gaap_LiabilitiesAndStockholdersEquity 14,287,821us-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
73,044us-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
73,382us-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
9,406us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassCMember
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 2,139,544us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
1,938,499us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Trading, at fair value 638us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
689us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Marketable Securities 2,140,182us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
1,939,188us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 3,842,209us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
3,659,281us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
Held-to-maturity, at amortized cost 1,767,096us-gaap_HeldToMaturitySecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
1,794,620us-gaap_HeldToMaturitySecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
Marketable Securities 5,609,305us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
5,453,901us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember
USDA Securities [Member]
   
Assets:    
Available-for-sale, at fair value 1,794,844us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
1,731,222us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Trading, at fair value 37,593us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
40,310us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Marketable Securities $ 1,832,437us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
$ 1,771,532us-gaap_MarketableSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember