CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income	$ 94,247	$ 93,308
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	(6,073)	2,819
Amortization of debt premiums, discounts, and issuance costs	13,514	5,655
Net change in fair value of trading securities, hedged assets, and financial derivatives	69,056	488,280
Total provision for/(release of) allowance for losses	1,892	(1,589)
Excess tax benefits related to stock-based awards	257	(64)
Deferred income taxes	10,318	3,816
Stock-based compensation expense	3,478	2,975
Proceeds from repayment of loans purchased as held for sale	18,114	17,381
Net change in:
Interest receivable	(10,549)	(1,700)
Guarantee and commitment fees receivable	261	214
Other assets	(8,627)	(89,106)
Accrued interest payable	26,090	11,569
Custodial deposit liability	(24,944)	(11,070)
Other liabilities	(7,371)	3,522
Net cash provided by operating activities	179,663	526,010
Cash flows from investing activities:
Purchases of other investment securities	(1,492)	(308)
Purchases of loans held for investment	(1,045,498)	(1,466,667)
Proceeds from repayment of loans purchased as held for investment	662,458	726,196
Proceeds from sale of loans previously classified as held for investment	0	9,000
Proceeds from sale of Farmer Mac Guaranteed Securities	0	25,928
Net cash used in investing activities	(282,430)	(1,422,123)
Cash flows from financing activities:
Proceeds from issuance of discount notes	22,223,928	27,110,295
Proceeds from issuance of medium-term notes	3,139,016	4,797,774
Proceeds from third parties from issuance of debt securities of consolidated trusts	222,188	0
Payments to redeem discount notes	(21,840,244)	(27,804,791)
Payments to redeem medium-term notes	(3,531,650)	(3,029,315)
Payments to third parties on debt securities of consolidated trusts	(57,763)	(141,769)
Proceeds from common stock issuance	105	92
Tax payments related to share-based awards	(2,340)	(1,460)
Dividends paid on common and preferred stock	(37,385)	(34,068)
Net cash provided by financing activities	115,855	896,758
Net change in cash and cash equivalents	13,088	645
Cash and cash equivalents at beginning of period	861,002	908,785
Cash and cash equivalents at end of period	874,090	909,430
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 defaulted loans from loans held for investment in consolidated trusts to loans held for investment	1,863	569
Capitalized interest	0	443
Matured securities receivable	(97,500)	0
Charge-off from the allowance for losses	0	84
Borrowers' payments not yet received from servicers	(22,468)	0
Purchases of securities - traded, not yet settled	20,262	0
Available-for-sale securities
Cash flows from investing activities:
Purchases of securities	(857,168)	(1,439,695)
Proceeds from repayment of securities	856,133	917,618
Farmer Mac Guaranteed Securities and USDA Securities
Cash flows from investing activities:
Purchases of securities	(1,636,111)	(3,061,500)
Proceeds from repayment of securities	$ 1,739,248	$ 2,867,305