CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income	$ 152,384	$ 134,726
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	(11,456)	2,456
Amortization of debt premiums, discounts, and issuance costs	22,851	11,839
Net change in fair value of trading securities, hedged assets, and financial derivatives	340,035	665,775
Total provision for/(release of) allowance for losses	1,711	(1,139)
Excess tax benefits related to stock-based awards	470	87
Deferred income taxes	9,304	14,820
Stock-based compensation expense	4,699	3,807
Proceeds from repayment of loans purchased as held for sale	19,364	31,086
Net change in:
Interest receivable	(7,116)	(1,931)
Guarantee and commitment fees receivable	(1,633)	991
Other assets	(7,903)	(144,031)
Accrued interest payable	54,263	31,818
Custodial deposit liability	(31,489)	(41,392)
Other liabilities	(2,836)	(2,654)
Net cash provided by operating activities	542,648	706,258
Cash flows from investing activities:
Purchases of other investment securities	(2,135)	(877)
Purchases of loans held for investment	(1,520,116)	(2,122,360)
Proceeds from repayment of loans purchased as held for investment	1,081,265	1,077,209
Proceeds from sale of loans previously classified as held for investment	0	9,000
Proceeds from sale of Farmer Mac Guaranteed Securities	0	47,212
Net cash used in investing activities	(1,280,405)	(2,050,891)
Cash flows from financing activities:
Proceeds from issuance of discount notes	36,018,319	40,788,399
Proceeds from issuance of medium-term notes	5,559,198	6,866,487
Proceeds from third parties from issuance of debt securities of consolidated trusts	222,188	258,198
Payments to redeem discount notes	(35,059,286)	(42,096,456)
Payments to redeem medium-term notes	(5,931,450)	(4,261,315)
Payments to third parties on debt securities of consolidated trusts	(91,118)	(198,463)
Proceeds from common stock issuance	169	140
Tax payments related to share-based awards	(2,847)	(1,789)
Dividends paid on common and preferred stock	(56,100)	(51,119)
Net cash provided by financing activities	659,073	1,304,082
Net change in cash and cash equivalents	(78,684)	(40,551)
Cash and cash equivalents at beginning of period	861,002	908,785
Cash and cash equivalents at end of period	782,318	868,234
Non-cash activity:
Loans securitized as Farmer Mac Guaranteed Securities	10,573	47,212
Loans held for investment transferred to consolidated trusts	281,027	297,713
Reclassification of defaulted loans from loans held for investment in consolidated trusts to loans held for investment	3,078	1,781
Capitalized interest	0	446
Matured securities receivable	(77,445)	0
Charge-off from the allowance for losses	0	84
Borrowers' payments not yet received from servicers	(3,335)	0
Purchases of securities - traded, not yet settled	16,012	268,370
Transfers of available-for-sale Farmer Mac Guaranteed Securities to held-to-maturity	2,684,096	0
Available-for-sale securities
Cash flows from investing activities:
Purchases of securities	(1,381,795)	(1,789,932)
Proceeds from repayment of securities	1,146,861	1,103,046
Farmer Mac Guaranteed Securities and USDA Securities
Cash flows from investing activities:
Purchases of securities	(3,182,678)	(4,308,083)
Proceeds from repayment of securities	$ 2,578,193	$ 3,933,894