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FAIR VALUE DISCLOSURES - Summary of Carrying Value and Fair Value (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Financial assets:    
Financial derivatives $ 53,686 $ 37,478
Guarantee and commitment fees receivable 46,754 49,832
Financial liabilities:    
Financial derivatives 118,421 117,131
Guarantee and commitment obligation 44,758 47,563
Fair Value    
Financial assets:    
Cash and cash equivalents 922,961 888,707
Loans 11,114,479 10,426,021
Financial derivatives 53,686 37,478
Guarantee and commitment fees receivable 54,220 58,465
Financial liabilities:    
Notes payable 25,848,684 25,670,971
Debt securities of consolidated trusts held by third parties 1,577,031 1,268,563
Financial derivatives 118,421 117,131
Guarantee and commitment obligation 52,224 56,195
Fair Value | Investment Securities    
Financial assets:    
Marketable securities 5,265,609 4,981,249
Fair Value | Farmer Mac Guaranteed Securities    
Financial assets:    
Marketable securities 9,304,940 9,710,074
Fair Value | USDA Securities    
Financial assets:    
Marketable securities 1,996,586 2,036,046
Carrying Amount    
Financial assets:    
Cash and cash equivalents 922,961 888,707
Loans 11,786,508 11,039,349
Financial derivatives 53,686 37,478
Guarantee and commitment fees receivable 46,754 49,832
Financial liabilities:    
Notes payable 26,542,671 26,336,542
Debt securities of consolidated trusts held by third parties 1,662,549 1,351,069
Financial derivatives 118,421 117,131
Guarantee and commitment obligation 44,758 47,563
Carrying Amount | Investment Securities    
Financial assets:    
Marketable securities 5,265,383 4,979,504
Carrying Amount | Farmer Mac Guaranteed Securities    
Financial assets:    
Marketable securities 9,328,219 9,745,548
Carrying Amount | USDA Securities    
Financial assets:    
Marketable securities $ 2,331,561 $ 2,355,412