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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Year
Summary Compensation Table Total for PEO1
Compensation Actually Paid to PEO1,2
Average Summary Compensation Table Total for Non-PEO NEOs1
Average Compensation Actually Paid to non-PEO NEOs1,2
Value of Initial Fixed $100 Investment Based On: Net Income
Earnings5
Farmer Mac's TSR3
Peer Group TSR4
2023$5,631,233$8,776,626$1,249,902$1,880,797$284$139$200,003,000$172,053,000
2022$3,532,666$3,094,824$1,136,013$1,033,285$152$134$178,144,000$125,598,000
2021$3,211,156$5,060,035$1,045,533$1,465,036$161$151$136,089,000$111,842,000
2020$2,680,795$2,445,320$1,117,787$1,022,015$93$111$114,376,000$106,639,000
      
Company Selected Measure Name Earnings      
Named Executive Officers, Footnote
1 Mr. Nordholm served as the PEO in all four years presented. The Non-PEO NEOs included for 2021, 2022, and 2023 consisted of Ms. Ramesh, Mr. Carpenter, Mr. Crady, and Mr. Mullery. The Non-PEO NEOs included for 2020 consisted of Ms. Ramesh, Mr. Carpenter, Mr. Mullery, and former executive officer John C. Covington.
      
Peer Group Issuers, Footnote Farmer Mac selected the companies included in the S&P 500 Financial Services Index as the peer group to show a peer group TSR compared to Farmer Mac's TSR. Farmer Mac has presented the performance of the S&P 500 Financial Services Index in the performance graphs included in its annual reports to stockholders since 2007. Farmer Mac's relative performance against the S&P 500 Financial Services Index is also one of the metrics used in the March 9, 2023 award of performance-based RSUs to Mr. Nordholm designed to retain him as Farmer Mac's PEO through early 2026 and to reward performance.      
PEO Total Compensation Amount $ 5,631,233 $ 3,532,666 $ 3,211,156 $ 2,680,795
PEO Actually Paid Compensation Amount $ 8,776,626 3,094,824 5,060,035 2,445,320
Adjustment To PEO Compensation, Footnote To calculate CAP, the amounts shown below were deducted from and added to total compensation shown in the SCT. Farmer Mac has no pension plans or other defined benefit programs that affect the recalculation of the compensation disclosed under the SCT. Dividend equivalents paid in cash on vested RSUs are already included in the SCT totals for the PEO and the other NEOs.
Reconciliation of PEO's SCT Total to PEO's CAP:
YearSCT Total
Cumulative Deductions from SCT Totali
Cumulative Additions to SCT Totalii
CAP
2023$5,631,233$3,181,181$6,326,574$8,776,626
2022$3,532,666$1,574,299$1,136,457$3,094,824
2021$3,211,156$1,095,102$2,943,981$5,060,035
2020$2,680,795$1,093,672$858,197$2,445,320
Reconciliation of Average Non-PEO NEO SCT Total to Average Non-PEO NEO CAP:
YearSCT Total
Cumulative Deductions from SCT Totali
Cumulative Additions to SCT Totalii
CAP
2023$1,249,902$306,555$937,450$1,880,797
2022$1,136,013$368,737$266,009$1,033,285
2021$1,045,533$291,803$711,306$1,465,036
2020$1,117,787$385,762$289,990$1,022,015
i Represents the grant date fair value of equity-based awards granted each year. No change in pension value is reported for any of the years reflected in this table. More detail about the specific deductions and additions to the SCT totals to arrive at the CAP totals is presented in the separate "Adjustments" table below.
ii Reflects the value of equity calculated in accordance with the SEC's methodology for determining CAP for each year shown. More detail about the specific deductions and additions to the SCT totals to arrive at the CAP totals is presented in the separate "Adjustments" table below.
.
Adjustments2023202220212020
PEOAverage of Other NEOsPEOAverage of Other NEOsPEOAverage of Other NEOsPEOAverage of Other NEOs
SCT Amounts$5,631,233$1,249,902$3,532,666$1,136,013$3,211,156$1,045,533$2,680,795$1,117,787
Adjustments for defined benefit and actuarial pension plans
(Subtract): Aggregate change in actuarial present value included in SCT Amounts for the covered fiscal year$—$—$—$—$—$—$—$—
Add: Service cost for the covered fiscal year$—$—$—$—$—$—$—$—
Add: Prior service cost for the covered fiscal year$—$—$—$—$—$—$—$—
Adjustments for stock and option awards
(Subtract): Aggregate value for stock awards and option awards included in SCT Amounts for the covered fiscal year$(3,181,181)$(306,555)$(1,175,634)$(277,089)$(1,095,102)$(291,803)$(852,948)$(285,622)
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end$4,696,103$485,892$940,719$266,009$1,716,391$457,320$858,197$289,990
Add/(Subtract): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end$1,341,595$368,110$(149,823)$(41,443)$892,796$200,666$(139,027)$(28,588)
Add: Vesting date fair value of awards granted and vested during the covered fiscal year$—$—$195,738$—$—$—$—$—
Add/(Subtract): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year$288,876$83,449$(248,843)$(50,205)$334,795$53,320$(101,697)$(71,553)
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year$—$—$—$—$—$—$—$—
Add: Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to vesting if not otherwise included in the total compensation for the covered fiscal year$—$—$—$—$—$—$—$—
CAP Amounts (as calculated)
$8,776,626$1,880,797$3,094,824$1,033,285$5,060,035$1,465,036$2,445,320$1,022,015
      
Non-PEO NEO Average Total Compensation Amount $ 1,249,902 1,136,013 1,045,533 1,117,787
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,880,797 1,033,285 1,465,036 1,022,015
Adjustment to Non-PEO NEO Compensation Footnote To calculate CAP, the amounts shown below were deducted from and added to total compensation shown in the SCT. Farmer Mac has no pension plans or other defined benefit programs that affect the recalculation of the compensation disclosed under the SCT. Dividend equivalents paid in cash on vested RSUs are already included in the SCT totals for the PEO and the other NEOs.
Reconciliation of PEO's SCT Total to PEO's CAP:
YearSCT Total
Cumulative Deductions from SCT Totali
Cumulative Additions to SCT Totalii
CAP
2023$5,631,233$3,181,181$6,326,574$8,776,626
2022$3,532,666$1,574,299$1,136,457$3,094,824
2021$3,211,156$1,095,102$2,943,981$5,060,035
2020$2,680,795$1,093,672$858,197$2,445,320
Reconciliation of Average Non-PEO NEO SCT Total to Average Non-PEO NEO CAP:
YearSCT Total
Cumulative Deductions from SCT Totali
Cumulative Additions to SCT Totalii
CAP
2023$1,249,902$306,555$937,450$1,880,797
2022$1,136,013$368,737$266,009$1,033,285
2021$1,045,533$291,803$711,306$1,465,036
2020$1,117,787$385,762$289,990$1,022,015
i Represents the grant date fair value of equity-based awards granted each year. No change in pension value is reported for any of the years reflected in this table. More detail about the specific deductions and additions to the SCT totals to arrive at the CAP totals is presented in the separate "Adjustments" table below.
ii Reflects the value of equity calculated in accordance with the SEC's methodology for determining CAP for each year shown. More detail about the specific deductions and additions to the SCT totals to arrive at the CAP totals is presented in the separate "Adjustments" table below.
.
Adjustments2023202220212020
PEOAverage of Other NEOsPEOAverage of Other NEOsPEOAverage of Other NEOsPEOAverage of Other NEOs
SCT Amounts$5,631,233$1,249,902$3,532,666$1,136,013$3,211,156$1,045,533$2,680,795$1,117,787
Adjustments for defined benefit and actuarial pension plans
(Subtract): Aggregate change in actuarial present value included in SCT Amounts for the covered fiscal year$—$—$—$—$—$—$—$—
Add: Service cost for the covered fiscal year$—$—$—$—$—$—$—$—
Add: Prior service cost for the covered fiscal year$—$—$—$—$—$—$—$—
Adjustments for stock and option awards
(Subtract): Aggregate value for stock awards and option awards included in SCT Amounts for the covered fiscal year$(3,181,181)$(306,555)$(1,175,634)$(277,089)$(1,095,102)$(291,803)$(852,948)$(285,622)
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end$4,696,103$485,892$940,719$266,009$1,716,391$457,320$858,197$289,990
Add/(Subtract): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end$1,341,595$368,110$(149,823)$(41,443)$892,796$200,666$(139,027)$(28,588)
Add: Vesting date fair value of awards granted and vested during the covered fiscal year$—$—$195,738$—$—$—$—$—
Add/(Subtract): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year$288,876$83,449$(248,843)$(50,205)$334,795$53,320$(101,697)$(71,553)
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year$—$—$—$—$—$—$—$—
Add: Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to vesting if not otherwise included in the total compensation for the covered fiscal year$—$—$—$—$—$—$—$—
CAP Amounts (as calculated)
$8,776,626$1,880,797$3,094,824$1,033,285$5,060,035$1,465,036$2,445,320$1,022,015
      
Tabular List, Table
Earnings (Core Earnings before Credit)
Total Revenues
Business Volume
Ratio of Substandard Assets to Regulatory Capital
Compliance with applicable capital requirements
Net charge-offs
90-day delinquencies
      
Total Shareholder Return Amount $ 284 152 161 93
Peer Group Total Shareholder Return Amount 139 134 151 111
Net Income (Loss) $ 200,003,000 $ 178,144,000 $ 136,089,000 $ 114,376,000
Company Selected Measure Amount 172,053,000 125,598,000 111,842,000 106,639,000
PEO Name Mr. Nordholm      
Additional 402(v) Disclosure Farmer Mac's TSR is based on the performance of its Class C Non-Voting Common Stock.      
Measure:: 1        
Pay vs Performance Disclosure        
Name Earnings (Core Earnings before Credit)      
Non-GAAP Measure Description As described in more detail in the CD&A, "Earnings" (sometimes referred to as "Core Earnings Before Credit") is the non-GAAP financial measure of "core earnings" reported by Farmer Mac, excluding the after-tax effects of provisions for losses, gains or losses on fair value, or sale of REO property. See "Compensation Discussion and Analysis—Approach to Incentive Compensation—Short-Term Incentive Compensation." For a reconciliation of Farmer Mac's GAAP net income attributable to common stockholders to non-GAAP core earnings, see "Management's Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations" in Farmer Mac's Annual Report on Form 10-K for the year ended December 31, 2023.      
Measure:: 2        
Pay vs Performance Disclosure        
Name Total Revenues      
Measure:: 3        
Pay vs Performance Disclosure        
Name Business Volume      
Measure:: 4        
Pay vs Performance Disclosure        
Name Ratio of Substandard Assets to Regulatory Capital      
Measure:: 5        
Pay vs Performance Disclosure        
Name Compliance with applicable capital requirements      
Measure:: 6        
Pay vs Performance Disclosure        
Name Net charge-offs      
Measure:: 7        
Pay vs Performance Disclosure        
Name 90-day delinquencies      
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0
PEO | Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Pension Adjustments Prior Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (3,181,181) (1,175,634) (1,095,102) (852,948)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,696,103 940,719 1,716,391 858,197
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,341,595 (149,823) 892,796 (139,027)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 195,738 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 288,876 (248,843) 334,795 (101,697)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Cumulative Deductions From SCT Total [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (3,181,181) (1,574,299) (1,095,102) (1,093,672)
PEO | Cumulative Additions From SCT Total [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,326,574 1,136,457 2,943,981 858,197
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Pension Adjustments Prior Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (306,555) (277,089) (291,803) (285,622)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 485,892 266,009 457,320 289,990
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 368,110 (41,443) 200,666 (28,588)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 83,449 (50,205) 53,320 (71,553)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Cumulative Deductions From SCT Total [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (306,555) (368,737) (291,803) (385,762)
Non-PEO NEO | Cumulative Additions From SCT Total [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 937,450 $ 266,009 $ 711,306 $ 289,990