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FAIR VALUE DISCLOSURES - Schedule of Unobservable Input Reconciliation (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 01, 2023
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Net Income Net Income Net Income Net Income
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]   Comprehensive Income (Loss), Net of Tax, Attributable to Parent Comprehensive Income (Loss), Net of Tax, Attributable to Parent Comprehensive Income (Loss), Net of Tax, Attributable to Parent Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Level 3 | Recurring          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning Balance $ 7,770,126 $ 5,425,214 $ 7,770,126 $ 5,558,633 $ 7,632,487
Purchases   400,000 100,000 675,000 1,639,650
Settlements   (216,315) (7,172) (561,836) (1,407,702)
Allowance for Losses   44 134 102 179
Realized and unrealized (losses)/gains included in Income   189,288 (106,203) 102,032 (114,431)
Unrealized gains/(losses) included in Other Comprehensive Income   (10,664) 12,206 13,636 18,908
Transfers Out     (2,684,096)   (2,684,096)
Ending Balance   5,787,567 5,084,995 5,787,567 5,084,995
Available-for-sale securities | Level 3 | Recurring          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning Balance 19,032 19,478 19,032 19,082 19,027
Purchases   0 0 0 0
Settlements   0 0 0 0
Allowance for Losses   0 1 2 6
Realized and unrealized (losses)/gains included in Income   0 0 0 0
Unrealized gains/(losses) included in Other Comprehensive Income   0 0 394 0
Transfers Out     0   0
Ending Balance   19,478 19,033 19,478 19,033
Floating rate auction-rate certificates backed by Government guaranteed student loans | Floating interest rate | Level 3 | Recurring          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning Balance 19,032 19,478 19,032 19,082 19,027
Purchases   0 0 0 0
Settlements   0 0 0 0
Allowance for Losses   0 1 2 6
Realized and unrealized (losses)/gains included in Income   0 0 0 0
Unrealized gains/(losses) included in Other Comprehensive Income   0 0 394 0
Transfers Out     0   0
Ending Balance   19,478 19,033 19,478 19,033
Farmer Mac Guaranteed Securities | Level 3 | Recurring          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning Balance 7,745,415 5,399,151 7,745,415 5,532,479 7,607,226
Purchases   400,000 100,000 675,000 1,639,650
Settlements   (216,031) (7,044) (561,166) (1,406,717)
Allowance for Losses   44 133 100 173
Realized and unrealized (losses)/gains included in Income   189,191 (107,917) 102,036 (116,447)
Unrealized gains/(losses) included in Other Comprehensive Income   (10,664) 12,206 13,242 18,908
Transfers Out     (2,684,096)   (2,684,096)
Ending Balance   5,761,691 5,058,697 5,761,691 5,058,697
Farmer Mac Guaranteed Securities | Level 3 | Recurring | AgVantage Securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning Balance 7,737,810 5,389,841 7,737,810 5,522,712 7,599,379
Purchases   400,000 100,000 675,000 1,639,650
Settlements   (215,855) (6,875) (560,643) (1,405,674)
Allowance for Losses   44 133 100 173
Realized and unrealized (losses)/gains included in Income   189,191 (107,917) 102,036 (116,447)
Unrealized gains/(losses) included in Other Comprehensive Income   (10,836) 9,653 13,180 15,723
Transfers Out (2,700,000)   (2,684,096)   (2,684,096)
Ending Balance   5,752,385 5,048,708 5,752,385 5,048,708
Farmer Mac Guaranteed Securities | Level 3 | Recurring | Farmer Mac Guaranteed USDA Securities          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning Balance 7,605 9,310 7,605 9,767 7,847
Purchases   0 0 0 0
Settlements   (176) (169) (523) (1,043)
Allowance for Losses   0 0 0 0
Realized and unrealized (losses)/gains included in Income   0 0 0 0
Unrealized gains/(losses) included in Other Comprehensive Income   172 2,553 62 3,185
Transfers Out     0   0
Ending Balance   9,306 9,989 9,306 9,989
USDA Securities | Level 3 | Recurring          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning Balance 1,348 1,026 1,348 1,241 1,767
Purchases   0 0 0 0
Settlements   (198) (44) (414) (479)
Allowance for Losses   0 0 0 0
Realized and unrealized (losses)/gains included in Income   14 (2) 15 14
Unrealized gains/(losses) included in Other Comprehensive Income   0 0 0 0
Transfers Out     0   0
Ending Balance   842 1,302 842 1,302
Guarantee and commitment obligations: | Level 3 | Recurring          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning Balance 4,331 5,559 4,331 5,831 4,467
Purchases   0 0 0 0
Settlements   (86) (84) (256) (506)
Allowance for Losses   0 0 0 0
Realized and unrealized (losses)/gains included in Income   83 1,716 (19) 2,002
Unrealized gains/(losses) included in Other Comprehensive Income   0 0 0 0
Transfers Out     0   0
Ending Balance   5,556 5,963 5,556 5,963
Guarantee and commitment obligations: | Level 3 | Recurring | Guarantee Asset          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning Balance $ 4,331 5,559 4,331 5,831 4,467
Purchases   0 0 0 0
Settlements   (86) (84) (256) (506)
Allowance for Losses   0 0 0 0
Realized and unrealized (losses)/gains included in Income   83 1,716 (19) 2,002
Unrealized gains/(losses) included in Other Comprehensive Income   0 0 0 0
Transfers Out     0   0
Ending Balance   $ 5,556 $ 5,963 $ 5,556 $ 5,963