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Summary of Significant Accounting Policies Interest Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
May 31, 2019
May 31, 2018
May 31, 2017
Interest expense on debt:      
Total interest expense [1],[2] $ 836,209 $ 792,735 $ 741,738
Short-term borrowings      
Interest expense on debt:      
Interest expense on debt [1],[2] 92,854 50,616 26,684
Medium-term notes      
Interest expense on debt:      
Interest expense on debt [1],[2] 133,797 111,814 99,022
Collateral trust bonds      
Interest expense on debt:      
Interest expense on debt [1],[2] 273,413 336,079 340,854
Guaranteed Underwriter Program Notes Payable      
Interest expense on debt:      
Interest expense on debt 147,895 140,551 142,661
Farmer Mac Notes Payable      
Interest expense on debt:      
Interest expense on debt [1],[2] 90,942 56,004 33,488
Long-term notes payable      
Interest expense on debt:      
Interest expense on debt [1],[2] 1,237 1,509 1,780
Subordinated deferrable debt      
Interest expense on debt:      
Interest expense on debt [1],[2] 38,628 37,661 37,657
Subordinated certificates      
Interest expense on debt:      
Interest expense on debt [1],[2] $ 57,443 $ 58,501 $ 59,592
[1] (1) Includes amortization of debt discounts and debt issuance costs, which are generally deferred and recognized as interest expense using the effective interest method. Issuance costs related to dealer commercial paper, however, are recognized as interest expense immediately as incurred.
[2] (2) Includes fees related to funding arrangements, such as up-front fees paid to banks participating in our committed bank revolving line of credit agreements. Depending on the nature of the fee, amounts may be deferred and recognized as interest expense ratably over the term of the arrangement or recognized immediately as incurred.