CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 47,035	$ 51,453
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of deferred gains, premiums, and discounts on loans, investments, Farmer Mac Guaranteed Securities, and USDA Securities	(2,337)	1,913
Amortization of debt premiums, discounts, and issuance costs	10,217	2,018
Net change in fair value of trading securities, hedged assets, and financial derivatives	(62,398)	235,964
Total provision for/(release of) allowance for losses	750	(54)
Excess tax benefits related to stock-based awards	(201)	(137)
Deferred income taxes	12,440	2,794
Stock-based compensation expense	2,255	2,113
Proceeds from repayment of loans purchased as held for sale	17,360	15,028
Net change in:
Interest receivable	29,510	32,277
Guarantee and commitment fees receivable	13	(124)
Other assets	22,195	(64,176)
Accrued interest payable	24,051	1,072
Custodial deposit liability	(32,102)	(17,027)
Other liabilities	(8,227)	6,191
Net cash provided by/(used in) operating activities	60,561	269,305
Cash flows from investing activities:
Purchases of other investment securities	0	(275)
Purchases of loans held for investment	(554,787)	(718,008)
Proceeds from repayment of loans purchased as held for investment	431,483	463,602
Proceeds from sale of Farmer Mac Guaranteed Securities	0	25,928
Net cash used in investing activities	(461,315)	(716,819)
Cash flows from financing activities:
Proceeds from issuance of discount notes	11,196,195	13,577,266
Proceeds from issuance of medium-term notes	1,383,319	2,626,165
Proceeds from third parties from issuance of debt securities of consolidated trusts	222,188	0
Payments to redeem discount notes	(10,913,679)	(13,854,017)
Payments to redeem medium-term notes	(1,428,500)	(1,790,815)
Payments to third parties on debt securities of consolidated trusts	(36,573)	(112,731)
Proceeds from common stock issuance	51	46
Tax payments related to share-based awards	18
Tax payments related to share-based awards		(119)
Dividends paid on common and preferred stock	(18,673)	(17,020)
Net cash provided by financing activities	404,346	428,775
Net change in cash and cash equivalents	3,592	(18,739)
Cash and cash equivalents at beginning of period	861,002	908,785
Cash and cash equivalents at end of period	864,594	890,046
Non-cash activity:
Loans securitized as Farmer Mac Guaranteed Securities	4,174	25,928
Loans held for investment transferred to consolidated trusts	281,027	0
Reclassification of loans held for investment to loans held for sale	0	9,000
Matured securities receivable	(97,500)	(1,566)
(Recovery)/charge-off from the allowance for losses	0	84
Loan payoff not yet received	(4,537)	0
Purchases of securities - traded, not yet settled	49,414	348,020
Available-for-sale securities
Cash flows from investing activities:
Purchases of securities	(375,153)	(845,114)
Proceeds from repayment of securities	505,848	418,414
Farmer Mac Guaranteed Securities and USDA Securities
Cash flows from investing activities:
Purchases of securities	(716,412)	(1,720,619)
Proceeds from repayment of securities	$ 247,706	$ 1,659,253