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Farmer Mac Guaranteed Securities and USDA Guaranteed Securities - Farmer Mac Guaranteed Securities and USDA Securities (Tables) - Farmer Mac Guaranteed Securities and USDA Securities [Member]
 9 Months Ended
Sep. 30, 2015
Schedule of Held-to-Maturity, Available-for-sale, and Trading Securities [Line Items]  
Marketable Securities [Table Text Block]
The following tables set forth information about on-balance sheet Farmer Mac Guaranteed Securities and USDA Securities as of September 30, 2015 and December 31, 2014:

Table 3.1

 
As of September 30, 2015
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
1,275,549

 
$
604

 
$
1,276,153

 
$
15,137

 
$
—

 
$
1,291,290

Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
4,162,940

 
$
—

 
$
4,162,940

 
$
37,899

 
$
(74,877
)
 
$
4,125,962

Farmer Mac Guaranteed USDA Securities
31,218

 
(350
)
 
30,868

 
30

 
(190
)
 
30,708

Total Farmer Mac Guaranteed Securities
4,194,158

 
(350
)
 
4,193,808

 
37,929

 
(75,067
)
 
4,156,670

USDA Securities
1,826,258

 
2,034

 
1,828,292

 
26,481

 
(351
)
 
1,854,422

Total available-for-sale
$
6,020,416

 
$
1,684

 
$
6,022,100

 
$
64,410

 
$
(75,418
)
 
$
6,011,092

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Securities
$
30,437

 
$
2,229

 
$
32,666

 
$
82

 
$
(812
)
 
$
31,936


 
As of December 31, 2014
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
1,785,340

 
$
9,280

 
$
1,794,620

 
$
6,211

 
$
(255
)
 
$
1,800,576

Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
3,625,073

 
$
—

 
$
3,625,073

 
$
36,442

 
$
(29,853
)
 
$
3,631,662

Farmer Mac Guaranteed USDA Securities
27,831

 
(442
)
 
27,389

 
237

 
(7
)
 
27,619

Total Farmer Mac Guaranteed Securities
3,652,904

 
(442
)
 
3,652,462

 
36,679

 
(29,860
)
 
3,659,281

USDA Securities
1,717,813

 
3,162

 
1,720,975

 
11,850

 
(1,603
)
 
1,731,222

Total available-for-sale
$
5,370,717

 
$
2,720

 
$
5,373,437

 
$
48,529

 
$
(31,463
)
 
$
5,390,503

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Securities
$
38,412

 
$
2,748

 
$
41,160

 
$
114

 
$
(964
)
 
$
40,310
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]
As of September 30, 2015 and December 31, 2014, unrealized losses on held-to-maturity and available-for-sale on-balance sheet Farmer Mac Guaranteed Securities and USDA Securities were as follows:

Table 3.2

 
As of September 30, 2015
 
Available-for-Sale Securities
 
Unrealized loss position for
less than 12 months
 
Unrealized loss position for
more than 12 months
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
(in thousands)
Available-for-sale:
 
 
 
 
 
 
 
AgVantage
$
1,560,161

 
$
(56,977
)
 
$
843,727

 
$
(17,900
)
Farmer Mac Guaranteed USDA Securities
29,133

 
(190
)
 
—

 
—

USDA Securities
—

 
—

 
100,275

 
(351
)
Total available-for-sale
$
1,589,294

 
$
(57,167
)

$
944,002


$
(18,251
)


 
As of December 31, 2014
 
Held-to-Maturity and Available-for-Sale Securities
 
Unrealized loss position for
less than 12 months
 
Unrealized loss position for
more than 12 months
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
(in thousands)
Held-to-maturity:
 
 
 
 
 
 
 
AgVantage
$
547

 
$
(1
)
 
$
49,745

 
$
(254
)
 
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
AgVantage
$
685,131

 
$
(13,115
)
 
$
1,460,089

 
$
(16,738
)
Farmer Mac Guaranteed USDA Securities
3,720

 
(7
)
 
—

 
—

USDA Securities
264,375

 
(1,549
)
 
97,817

 
(54
)
Total available-for-sale
$
953,226

 
$
(14,671
)
 
$
1,557,906

 
$
(16,792
)

The unrealized losses presented above are principally due to higher interest rates from the date of acquisition to September 30, 2015 and December 31, 2014, as applicable. The credit exposure related to Farmer Mac's USDA Guarantees line of business is covered by the full faith and credit guarantee of the United States. The unrealized losses from AgVantage securities were on 24 available-for-sale securities as of September 30, 2015. There were no unrealized losses from held-to-maturity AgVantage securities as of September 30, 2015. The unrealized losses from AgVantage securities were on 2 held-to-maturity securities and 23 available-for-sale securities as of December 31, 2014. As of September 30, 2015, 6 available-for-sale AgVantage securities had been in a loss position for more than 12 months with a total unrealized loss of $17.9 million. As of December 31, 2014, 15 available-for-sale AgVantage securities had been in a loss position for more than 12 months with a total unrealized loss of $16.7 million. AgVantage® is a registered trademark of Farmer Mac used to designate Farmer Mac Guaranteed Securities that are general obligations of lenders secured by pools of eligible loans. These Farmer Mac Guaranteed Securities are referred to as AgVantage securities. Each AgVantage security backed by agricultural mortgages requires some level of overcollateralization, or, in the case of rural utilities loans, 100 percent collateralization, and is secured by eligible loans of the issuing institution with a requirement that delinquent loans be removed from the collateral pool and then replaced with current eligible loans. Farmer Mac has concluded that none of the unrealized losses on its held-to-maturity Farmer Mac Guaranteed Securities and available-for-sale Farmer Mac Guaranteed Securities and USDA Securities are other-than-temporary impairment as of either September 30, 2015 or as of December 31, 2014.  Farmer Mac does not intend to sell these securities, and it is not more likely than not that Farmer Mac will be required to sell the securities before recovery of the amortized cost basis.
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost, fair value, and weighted average yield of available-for-sale and held-to-maturity Farmer Mac Guaranteed Securities and USDA Securities by remaining contractual maturity as of September 30, 2015 are set forth below. The balances presented are based on their final maturities, although the actual maturities may differ due to prepayments of the underlying assets.

Table 3.3

 
As of September 30, 2015
 
Available-for-Sale Securities
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
569,257

 
$
573,156

 
2.79
%
Due after one year through five years
1,380,918

 
1,390,409

 
1.41
%
Due after five years through ten years
1,588,290

 
1,596,379

 
1.73
%
Due after ten years
2,483,635

 
2,451,148

 
2.48
%
Total
$
6,022,100

 
$
6,011,092

 
2.06
%

 
As of September 30, 2015
 
Held-to-Maturity Securities
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
632,791

 
$
634,917

 
2.30
%
Due after one year through five years
643,362

 
656,373

 
2.19
%
Total
$
1,276,153

 
$
1,291,290

 
2.24
%