CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015		Jun. 30, 2014
Interest income:
Investments and cash equivalents	$ 3,094		$ 5,101		$ 5,959		$ 10,338
Farmer Mac Guaranteed Securities and USDA Securities	34,484		32,957		67,606		65,803
Loans	28,814		26,417		56,778		40,786
Total interest income	66,392	[1]	64,475	[2]	130,343	[3]	116,927	[4]
Total interest expense	34,528	[5]	42,502	[6]	67,690	[7]	77,228	[8]
Net interest income	31,864		21,973		62,653		39,699
(Provision for)/release of allowance for loan losses	(110)		1,583		(186)		1,010
Net interest income after (provision for)/release of allowance for loan losses	31,754		23,556		62,467		40,709
Non-interest income:
Guarantee and commitment fees	3,388		3,703		6,765		7,487
Gains/(losses) on financial derivatives and hedging activities	14,389		(5,698)		10,507		(13,276)
Gains on trading securities	170		7,748		532		8,403
Gains on sale of available-for-sale investment securities	0		143		6		158
Gains/(losses) on sale of real estate owned	0		168		(1)		165
Other income	260		200		873		292
Non-interest income	18,207		6,264		18,682		3,229
Non-interest expense:
Compensation and employee benefits	5,733		4,889		11,426		9,345
General and administrative	3,374		3,288		6,197		6,082
Regulatory fees	600		594		1,200		1,188
Real estate owned operating costs, net	0		59		(1)		61
Provision for/(release of) reserve for losses	1,146		(974)		374		(873)
Non-interest expense	10,853	[9]	7,856	[10]	19,196	[11]	15,803	[12]
Income before income taxes	39,108		21,964		61,953		28,135
Income tax expense/(benefit)	13,769		(6,368)		18,000		(7,509)
Net income	25,339		28,332		43,953		35,644
Less: Net loss/(income) attributable to non-controlling interest	119		(5,819)		(5,235)		(11,366)
Net income attributable to Farmer Mac	25,458		22,513		38,718		24,278
Preferred stock dividends	(3,296)		(2,308)		(6,591)		(3,260)
Loss on retirement of preferred stock	0		0		(8,147)		0
Net income attributable to common stockholders	$ 22,162		$ 20,205		$ 23,980		$ 21,018
Earnings per common share and dividends:
Basic earnings per common share	$ 2.01		$ 1.85		$ 2.19		$ 1.93
Diluted earnings per common share	1.94		1.78		2.11		1.85
Common Stock, Dividends, Per Share, Declared	$ 0.16		$ 0.14		$ 0.32		$ 0.28

[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 the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts and interest income related to securities purchased under agreements to resell.

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

[4] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts and interest income related to securities purchased under agreements to resell.

[5] 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.

[6] 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. Includes reconciling adjustments for interest expense related to securities sold, not yet purchased.

[7] 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.

[8] 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. Includes reconciling adjustments for interest expense related to securities sold, not yet purchased.

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

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

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

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