CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net income	$ 49,651	$ 53,746
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	(4,781)	(7,295)
Amortization of debt premiums, discounts, and issuance costs	18,053	11,586
Net change in fair value of trading securities, loans held for sale, hedged items, and financial derivatives	(108,740)	123,519
Losses on sale of real estate owned	69	0
Total provision for/(release of) allowance for losses	1,583	(1,870)
Excess tax benefits related to stock-based awards	(659)	(120)
Deferred income taxes	1,198	2,688
Stock-based compensation expense	3,529	3,483
Proceeds from repayment of loans purchased as held for sale	19,928	12,769
Net change in:
Interest receivable	43,542	40,273
Guarantee and commitment fees receivable	(36)	5
Other assets	41,298	(12,471)
Accrued interest payable	26,841	21,053
Custodial deposit liability	(141,384)	(18,632)
Other liabilities	89	4,601
Net cash provided by operating activities	(49,819)	233,335
Cash flows from investing activities:
Purchases of equipment and leasehold improvements	0	(1,638)
Purchases of other investment securities	(2,264)	(83)
Purchases of loans held for investment	(987,524)	(690,986)
Purchases of defaulted loans	(1,298)	0
Proceeds from repayment of loans purchased as held for investment	629,185	461,071
Proceeds from sale of real estate owned	725	0
Net cash used in investing activities	(345,878)	(525,473)
Cash flows from financing activities:
Proceeds from issuance of discount notes	16,578,544	12,851,600
Proceeds from issuance of medium-term notes	3,355,631	1,774,926
Payments to redeem discount notes	(16,884,950)	(12,695,146)
Payments to redeem medium-term notes	(2,535,000)	(1,713,000)
Payments to third parties on debt securities of consolidated trusts	(67,501)	(45,068)
Proceeds from common stock issuance	79	64
Tax payments related to share-based awards	(4,960)	(2,863)
Dividends paid on common and preferred stock	(22,018)	(21,977)
Net cash provided by financing activities	419,825	148,536
Net change in cash and cash equivalents	24,128	(143,602)
Cash, cash equivalents, and restricted cash at beginning of period	1,024,007	888,707
Cash, cash equivalents, and restricted cash at end of period	1,048,135	745,105
Non-cash activity:
Loans securitized as Farmer Mac Guaranteed Securities	26,023	15,936
Available-for-sale securities
Cash flows from investing activities:
Purchases of available-for-sale and held-to-maturity investment securities	(553,122)	(606,698)
Proceeds from repayment of available-for-sale and held-to-maturity investment securities	332,698	520,194
Farmer Mac Guaranteed Securities and USDA Securities
Cash flows from investing activities:
Purchases of Farmer Mac Guaranteed Securities and USDA Securities	(378,516)	(462,055)
Proceeds from repayment of Farmer Mac Guaranteed Securities and USDA Securities	$ 614,238	$ 254,722