CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2015		Sep. 30, 2014
Interest income:
Investments and cash equivalents	$ 3,185		$ 4,507		$ 9,144		$ 14,845
Farmer Mac Guaranteed Securities and USDA Securities	34,002		32,532		101,608		98,335
Loans	29,731		26,371		86,509		67,157
Total interest income	66,918	[1]	63,410	[2]	197,261	[3]	180,337	[4]
Total interest expense	34,735	[5]	48,886	[6]	102,425	[7]	126,114	[8]
Net interest income	32,183		14,524		94,836		54,223
Release of/(provision for) allowance for loan losses	1,164		(511)		978		499
Net interest income after release of/(provision for) allowance for loan losses	33,347		14,013		95,814		54,722
Non-interest income:
Guarantee and commitment fees	3,532		3,644		10,297		11,131
(Losses)/gains on financial derivatives and hedging activities	(9,568)		808		939		(12,468)
(Losses)/gains on trading securities	(8)		16,369		524		24,772
Gains/(losses) on sale of available-for-sale investment securities	3		(396)		9		(238)
(Losses)/gains on sale of real estate owned	0		0		(1)		165
Other income	1,060		502		1,933		794
Non-interest (loss)/income	(4,981)		20,927		13,701		24,156
Non-interest expense:
Compensation and employee benefits	5,236		4,693		16,662		14,038
General and administrative	3,676		3,123		9,873		9,205
Regulatory fees	600		593		1,800		1,781
Real estate owned operating costs, net	48		1		47		62
Provision for/(release of) reserve for losses	861		(1,315)		1,235		(2,188)
Non-interest expense	10,421	[9]	7,095	[10]	29,617	[11]	22,898	[12]
Income before income taxes	17,945		27,845		79,898		55,980
Income tax expense	6,327		7,564		24,327		55
Net income	11,618		20,281		55,571		55,925
Less: Net loss/(income) attributable to non-controlling interest	36		(5,412)		(5,199)		(16,778)
Net income attributable to Farmer Mac	11,654		14,869		50,372		39,147
Preferred stock dividends	(3,295)		(3,283)		(9,886)		(6,543)
Loss on retirement of preferred stock	0		0		(8,147)		0
Net income attributable to common stockholders	$ 8,359		$ 11,586		$ 32,339		$ 32,604
Earnings per common share and dividends:
Basic earnings per common share	$ 0.76		$ 1.06		$ 2.94		$ 2.99
Diluted earnings per common share	0.74		1.02		2.85		2.87
Common Stock, Dividends, Per Share, Declared	$ 0.16		$ 0.14		$ 0.48		$ 0.42

[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 "(Losses)/gains 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 "(Losses)/gains 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 "(Losses)/gains 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 "(Losses)/gains 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.