Notes Payable - Notes Payable (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Callable medium-term notes give Farmer Mac the option to redeem the debt at par value on a specified call date or at any time on or after a specified call date.  The following table summarizes by maturity date the amounts and costs for Farmer Mac debt callable in 2018 as of December 31, 2017:

Table 7.2

Debt Callable in 2018 as of December 31, 2017
	Amount		Weighted-Average Rate
	(dollars in thousands)
Maturity:
2019	$	71,944	1.35	%
2020	158,817		1.80	%
2021	192,717		1.77	%
2022	145,757		2.20	%
Thereafter	178,267		2.90	%
Total	$	747,502	2.09	%

The following tables set forth information related to Farmer Mac's borrowings as of December 31, 2017 and 2016:

Table 7.1

	December 31, 2017
	Outstanding as of December 31				Average Outstanding During the Year
	Amount		Weighted- Average Rate		Amount		Weighted- Average Rate
	(dollars in thousands)
Due within one year:
Discount notes	$	1,724,969	1.20	%	$	2,262,582	0.86	%
Medium-term notes	2,560,211		1.27	%	2,885,966		1.04	%
Current portion of long-term notes	3,804,646		1.23	%
Total due within one year	$	8,089,826	1.24	%
Due after one year:
Medium-term notes due in:
2019	$	2,644,734	1.48	%
2020	1,842,143		1.68	%
2021	849,263		1.85	%
2022	790,564		2.03	%
Thereafter	1,306,086		3.05	%
Total due after one year	7,432,790		1.91	%
Total	$	15,522,616	1.56	%

	December 31, 2016
	Outstanding as of December 31				Average Outstanding During the Year
	Amount		Weighted- Average Rate		Amount		Weighted- Average Rate
	(dollars in thousands)
Due within one year:
Discount notes	$	3,789,137	0.59	%	$	5,753,425	0.50	%
Medium-term notes	2,495,202		0.70	%	1,551,094		0.57	%
Current portion of long-term notes	2,155,784		0.90	%
Total due within one year	$	8,440,123	0.70	%
Due after one year:
Medium-term notes due in:
2018	$	1,733,121	1.08	%
2019	1,283,869		1.32	%
2020	495,096		1.50	%
2021	602,037		1.83	%
Thereafter	1,108,854		3.01	%
Total due after one year	5,222,977		1.68	%
Total	$	13,663,100	1.07	%

The maximum amount of Farmer Mac's discount notes outstanding at any month end during each of the years ended December 31, 2017 and 2016 was $3.3 billion and $6.9 billion, respectively.

Schedule of Long-term Debt Instruments [Table Text Block]

The following schedule summarizes the earliest interest rate reset date of total borrowings outstanding as of December 31, 2017, including callable and non-callable medium-term notes, assuming callable notes are redeemed at the initial call date:

Table 7.3

	Earliest Interest Rate Reset Date of Borrowings Outstanding
	Amount		Weighted-Average Rate
	(dollars in thousands)
Debt with interest rate resets in:
2018	$	9,291,949	1.28%
2019	2,176,327		1.49%
2020	1,526,236		1.71%
2021	744,336		1.89%
2022	719,609		2.08%
Thereafter	1,064,159		3.31%
Total	$	15,522,616	1.56%

During 2017 and 2016, Farmer Mac called $24.0 million and $1.3 billion of callable medium-term notes, respectively.