CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013
Interest income:
Loans	$ 26,417		$ 24,669		$ 40,786		$ 48,712
Total interest income	61,775	[1]	61,745	[2]	111,493	[1]	123,243	[2]
Total interest expense	42,502	[3]	33,584	[4]	77,228	[3]	66,712	[4]
Net interest income	19,273		28,161		34,265		56,531
Release of loan losses	1,583		529		1,010		99
Net interest income after release of loan losses	20,856		28,690		35,275		56,630
Non-interest income:
Guarantee and commitment fees	6,403		6,759		12,921		13,371
(Losses)/gains on financial derivatives and hedging activities	(5,698)		14,983		(13,276)		19,477
Gains/(losses) on trading securities	7,748		(327)		8,403		(117)
Gains on sale of available-for-sale investment securities	143		3,071		158		3,073
Gains on sale of real estate owned	168		1,124		165		1,171
Other income	200		873		292		1,953
Non-interest income	8,964		26,483		8,663		38,928
Non-interest expense:
Compensation and employee benefits	4,889		4,571		9,345		9,269
General and administrative	3,288		2,715		6,082		5,632
Regulatory fees	594		594		1,188		1,188
Real estate owned operating costs, net	59		259		61		385
(Release of)/provision for reserve for losses	(974)		(175)		(873)		571
Non-interest expense	7,856	[5]	7,964	[5]	15,803	[5]	17,045	[5]
Income before income taxes	21,964		47,209		28,135		78,513
Income tax (benefit)/expense	(6,368)		13,036		(7,509)		21,752
Net income	28,332		34,173		35,644		56,761
Less: Net Income attributable to non-controlling Interest - preferred stock dividends	(5,819)		(5,547)		(11,366)		(11,094)
Net income attributable to Farmer Mac	22,513		28,626		24,278		45,667
Preferred stock dividends	(2,308)		(881)		(3,260)		(1,732)
Net income attributable to common stockholders	20,205		27,745		21,018		43,935
Earnings per common share and dividends:
Basic earnings per common share	$ 1.85		$ 2.57		$ 1.93		$ 4.08
Diluted earnings per common share	$ 1.78		$ 2.48		$ 1.85		$ 3.93
Common Stock dividends per common share	$ 0.14		$ 0.12		$ 0.28		$ 0.24
Investments and Cash Equivalents [Member]
Interest income:
Interest and dividend income, securities	5,101		5,471		10,338		11,205
Farmer Mac Guaranteed Securities and USDA Securities [Member]
Interest income:
Interest and dividend income, securities	$ 30,257		$ 31,605		$ 60,369		$ 63,326

[1] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts and interest income related to securities purchased under agreements to resell.

[2] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts.

[3] Based on effective funding cost determined for each operating segment, including expenses related to interest rate swaps not designated as hedges, which are included in "(Losses)/gains on financial derivatives and hedging activities" on the consolidated financial statements. Includes reconciling adjustments for interest expense related to securities sold, not yet purchased.

[4] Based on effective funding cost determined for each operating segment, including expenses related to interest rate swaps not designated as hedges, which are included in "(Losses)/gains on financial derivatives and hedging activities" on the consolidated financial statements.

[5] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.