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Financial Derivatives - Schedule of Derivative Instruments in Statement of Financial Position (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Derivative [Line Items]      
Farmer Mac Guaranteed Securities and USDA Securities $ 62,430 $ 42,522  
Notional Disclosures [Abstract]      
Derivative, Notional Amount 9,734,245   $ 8,860,296
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]      
Financial derivatives, at fair value 5,142   7,093
Financial derivatives, at fair value (22,570)   (26,599)
Derivative, Collateral [Abstract]      
Collateral Pledged 25,253   24,926
Derivative Asset 5,142   7,093
Loans 45,653 36,852  
Total interest expense (76,317) (49,546)  
Gain (Loss) on Derivative Instruments, Net, Pretax 3,850 (2,486)  
TotalAmountsofLineItemsPresentedintheConsolidatedStatementofIncome 27,916 32,314  
Derivative Liability 2,683   1,673
Interest Rate Swap [Member]      
Notional Disclosures [Abstract]      
Derivative, Notional Amount 9,700,000   8,800,000
Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Fair Value Hedges Recognized in Earnings 2,838 (3,878)  
Income_Expense related to interest settlements on fair value hedges 5,450 5,264  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Derivative 17,221 1,526  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item (14,383) (5,404)  
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness   (29)  
Fair Value Hedging [Member] | Interest Rate Swap [Member]      
Derivative, Collateral [Abstract]      
Derivative Net Interest Settlements (1,491) (3,192)  
Cash Flow Hedging [Member]      
Derivative, Collateral [Abstract]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax (267) (512)  
Premium_Discount recognized on hedged item (2) 0  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item (1,780) (652)  
Unrealized Gain (Loss) on Cash Flow Hedging Instruments (2,049) (1,193)  
Cash [Member]      
Derivative, Collateral [Abstract]      
Obligation to Return Securities Received as Collateral 0   0
Collateral Pledged 400   100
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Hedged Item Net Interest Settlements 7,096 8,514  
Premium_Discount recognized on hedged item (155) (58)  
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Swap, Pay Fixed Non-Callable [Member]      
Notional Disclosures [Abstract]      
Derivative, Notional Amount 2,323,209   2,086,347
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]      
Financial derivatives, at fair value 804   5,240
Financial derivatives, at fair value $ (5,763)   $ (5,990)
Derivative, Average Fixed Interest Rate 2.09%   1.88%
Derivative, Average Variable Interest Rate 1.82%   1.40%
Derivative, Average Remaining Maturity 9 years 5 days   5 years 5 months 17 days
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Swap, Receive Fixed Non-Callable [Member]      
Notional Disclosures [Abstract]      
Derivative, Notional Amount $ 2,121,700   $ 1,559,700
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]      
Financial derivatives, at fair value 444   110
Financial derivatives, at fair value $ (3,956)   $ (4,033)
Derivative, Average Fixed Interest Rate 1.77%   1.38%
Derivative, Average Variable Interest Rate 1.58%   1.45%
Derivative, Average Remaining Maturity 1 year 9 months 5 days   1 year 8 months 5 days
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Swap, Pay Fixed Non-Callable [Member]      
Notional Disclosures [Abstract]      
Derivative, Notional Amount $ 380,500   $ 365,500
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]      
Financial derivatives, at fair value 2,878   1,402
Financial derivatives, at fair value $ (261)   $ (138)
Derivative, Average Fixed Interest Rate 2.20%   2.16%
Derivative, Average Variable Interest Rate 2.09%   1.74%
Derivative, Average Remaining Maturity 5 years 9 months 25 days   5 years 10 months 3 days
Not Designated as Hedging Instrument [Member]      
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]      
Derivative Credit Risk Valuation Adjustment, Derivative Assets $ 50   $ 16
Derivative Credit Risk Valuation Adjustment, Derivative Liabilities 18   56
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax   (6,393)  
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 4,075 (6,684)  
Not Designated as Hedging Instrument [Member] | Interest Rate Swap, Pay Fixed Non-Callable [Member]      
Notional Disclosures [Abstract]      
Derivative, Notional Amount 330,709   345,333
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]      
Financial derivatives, at fair value 1,062   339
Financial derivatives, at fair value $ (11,725)   $ (16,352)
Derivative, Average Fixed Interest Rate 3.72%   3.79%
Derivative, Average Variable Interest Rate 1.81%   1.40%
Derivative, Average Remaining Maturity 6 years 9 months 5 days   6 years 8 months 5 days
Not Designated as Hedging Instrument [Member] | Interest Rate Swap, Receive Fixed Non-Callable [Member]      
Notional Disclosures [Abstract]      
Derivative, Notional Amount $ 3,256,427   $ 3,409,916
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]      
Financial derivatives, at fair value 0   0
Financial derivatives, at fair value $ 0   $ 0
Derivative, Average Fixed Interest Rate 1.60%   1.24%
Derivative, Average Variable Interest Rate 1.73%   1.25%
Derivative, Average Remaining Maturity 10 months 10 days   11 months
Not Designated as Hedging Instrument [Member] | Basis Swap [Member]      
Notional Disclosures [Abstract]      
Derivative, Notional Amount $ 1,278,500   $ 1,053,500
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]      
Financial derivatives, at fair value 4   18
Financial derivatives, at fair value $ (517)   $ (106)
Derivative, Average Variable Interest Rate 1.75%   1.33%
Derivative, Variable Interest Rate 1.74%   1.42%
Derivative, Average Remaining Maturity 1 year 2 months 15 days   10 months 28 days
Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax $ 0 399  
Not Designated as Hedging Instrument [Member] | Future [Member]      
Notional Disclosures [Abstract]      
Derivative, Notional Amount 43,200   $ 40,000
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]      
Financial derivatives, at fair value 0   0
Financial derivatives, at fair value $ (366)   $ (36)
Derivative, Weighted-Average Forward Price $ 120.29   $ 123.96
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax $ (225) (108)  
Interest Income [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0    
Interest Income [Member] | Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Fair Value Hedges Recognized in Earnings 1,501 0  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item (18,948)  
Interest Income [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member]      
Derivative, Collateral [Abstract]      
Derivative Net Interest Settlements (1,488) (3,158)  
Income_Expense related to interest settlements on fair value hedges 12,109 7,117  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Derivative 20,449  
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness   0  
Interest Income [Member] | Cash Flow Hedging [Member]      
Derivative, Collateral [Abstract]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax 0 0  
Premium_Discount recognized on hedged item 0 0  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item 0 0  
Unrealized Gain (Loss) on Cash Flow Hedging Instruments 0 0  
Interest Income [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Hedged Item Net Interest Settlements 13,597 10,275  
Premium_Discount recognized on hedged item 0 0  
Interest Income [Member] | Not Designated as Hedging Instrument [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax   0  
Interest Income [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0  
Interest Income [Member] | Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0  
Interest Income [Member] | Not Designated as Hedging Instrument [Member] | Future [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0  
Loans and Finance Receivables [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0    
Loans and Finance Receivables [Member] | Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Fair Value Hedges Recognized in Earnings (153) 0  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item (6,572)  
Loans and Finance Receivables [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member]      
Derivative, Collateral [Abstract]      
Derivative Net Interest Settlements (297) (217)  
Income_Expense related to interest settlements on fair value hedges 1,117 299  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Derivative 6,419  
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness   0  
Loans and Finance Receivables [Member] | Cash Flow Hedging [Member]      
Derivative, Collateral [Abstract]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax 0 0  
Premium_Discount recognized on hedged item 0 0  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item 0 0  
Unrealized Gain (Loss) on Cash Flow Hedging Instruments 0 0  
Loans and Finance Receivables [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Hedged Item Net Interest Settlements 1,414 516  
Premium_Discount recognized on hedged item 0 0  
Loans and Finance Receivables [Member] | Not Designated as Hedging Instrument [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax   0  
Loans and Finance Receivables [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0  
Loans and Finance Receivables [Member] | Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0  
Loans and Finance Receivables [Member] | Not Designated as Hedging Instrument [Member] | Future [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0  
Interest Expense [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0    
Interest Expense [Member] | Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Fair Value Hedges Recognized in Earnings 1,490 0  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item 11,137  
Interest Expense [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member]      
Derivative, Collateral [Abstract]      
Derivative Net Interest Settlements 294 183  
Income_Expense related to interest settlements on fair value hedges (7,776) (2,152)  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Derivative (9,647)  
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness   0  
Interest Expense [Member] | Cash Flow Hedging [Member]      
Derivative, Collateral [Abstract]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax (267) (512)  
Premium_Discount recognized on hedged item (2) 0  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item (1,780) (652)  
Unrealized Gain (Loss) on Cash Flow Hedging Instruments (2,049) (1,164)  
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Hedged Item Net Interest Settlements (7,915) (2,277)  
Premium_Discount recognized on hedged item (155) (58)  
Interest Expense [Member] | Not Designated as Hedging Instrument [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax   0  
Interest Expense [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0  
Interest Expense [Member] | Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0  
Interest Expense [Member] | Not Designated as Hedging Instrument [Member] | Future [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 0  
Gain (Loss) on Derivative Instruments [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 3,850 (6,393)  
Gain (Loss) on Derivative Instruments [Member] | Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Derivative Net Interest Settlements 0 0  
Gain (Loss) on Fair Value Hedges Recognized in Earnings 0 (3,878)  
Income_Expense related to interest settlements on fair value hedges 0 0  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Derivative 0 1,526  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item 0 (5,404)  
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness   (29)  
Gain (Loss) on Derivative Instruments [Member] | Cash Flow Hedging [Member]      
Derivative, Collateral [Abstract]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax 0 0  
Premium_Discount recognized on hedged item 0 0  
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item 0 0  
Unrealized Gain (Loss) on Cash Flow Hedging Instruments 0 (29)  
Gain (Loss) on Derivative Instruments [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]      
Derivative, Collateral [Abstract]      
Hedged Item Net Interest Settlements 0 0  
Premium_Discount recognized on hedged item 0 0  
Gain (Loss) on Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 4,075 (6,684)  
Gain (Loss) on Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax 0 399  
Gain (Loss) on Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member] | Future [Member]      
Derivative, Collateral [Abstract]      
Gain (Loss) on Derivative Instruments, Net, Pretax $ (225) $ (108)