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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Comprehensive Income      
Net income $ 70,282,000us-gaap_ProfitLoss $ 97,515,000us-gaap_ProfitLoss $ 68,960,000us-gaap_ProfitLoss
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract]      
Unrealized holding gains/(losses) on available-for-sale securities (1) 44,900,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax (75,465,000)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 2,165,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
(Losses)/gains on sale of available-for-sale investment securities (4) 155,000us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax (1,374,000)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax (12,000)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax [Abstract]      
Unrealized (losses)/gains on cash flow hedges (2) (226,000)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax 70,000us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax 0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
(Losses)/gains on financial derivatives and hedging activities (3) (12,488,000)agm_ReclassificationAdjustmentsForGainsIncludedInNetIncomeNetOfTax (12,598,000)agm_ReclassificationAdjustmentsForGainsIncludedInNetIncomeNetOfTax (6,358,000)agm_ReclassificationAdjustmentsForGainsIncludedInNetIncomeNetOfTax
Other income (5) (606,000)agm_OtherComprehensiveIncomeLossReclassificationAdjustmentOtherIncomenetoftax (804,000)agm_OtherComprehensiveIncomeLossReclassificationAdjustmentOtherIncomenetoftax (1,196,000)agm_OtherComprehensiveIncomeLossReclassificationAdjustmentOtherIncomenetoftax
Other comprehensive income/(loss) 31,735,000us-gaap_OtherComprehensiveIncomeLossNetOfTax (90,171,000)us-gaap_OtherComprehensiveIncomeLossNetOfTax (5,401,000)us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income 102,017,000us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 7,344,000us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 63,559,000us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Less: Comprehensive income attributable to noncontrolling interest - preferred stock dividends (22,192,000)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (22,187,000)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (22,187,000)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive income/(loss) attributable to Farmer Mac 79,825,000us-gaap_ComprehensiveIncomeNetOfTax (14,843,000)us-gaap_ComprehensiveIncomeNetOfTax 41,372,000us-gaap_ComprehensiveIncomeNetOfTax
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax [Abstract]      
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax 24,200,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax (40,600,000)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax 1,200,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax 100,000us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax (700,000)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax Effect [Abstract]      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax (100,000)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax 0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax  
financial derivatives and hedging activities [Member]      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax Effect [Abstract]      
Tax effects of reclassification adjustment for gains included in net income, tax (6,700,000)agm_TaxEffectsOfReclassificationAdjustmentForGainsIncludedInNetIncomeTax
/ us-gaap_OtherComprehensiveIncomeLocationAxis
= agm_FinancialDerivativesAndHedgingActivitiesMember
(6,800,000)agm_TaxEffectsOfReclassificationAdjustmentForGainsIncludedInNetIncomeTax
/ us-gaap_OtherComprehensiveIncomeLocationAxis
= agm_FinancialDerivativesAndHedgingActivitiesMember
(3,400,000)agm_TaxEffectsOfReclassificationAdjustmentForGainsIncludedInNetIncomeTax
/ us-gaap_OtherComprehensiveIncomeLocationAxis
= agm_FinancialDerivativesAndHedgingActivitiesMember
Other Income [Member]      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax Effect [Abstract]      
Tax effects of reclassification adjustment for gains included in net income, tax $ (300,000)agm_TaxEffectsOfReclassificationAdjustmentForGainsIncludedInNetIncomeTax
/ us-gaap_OtherComprehensiveIncomeLocationAxis
= us-gaap_OtherIncomeMember
$ (400,000)agm_TaxEffectsOfReclassificationAdjustmentForGainsIncludedInNetIncomeTax
/ us-gaap_OtherComprehensiveIncomeLocationAxis
= us-gaap_OtherIncomeMember
$ (600,000)agm_TaxEffectsOfReclassificationAdjustmentForGainsIncludedInNetIncomeTax
/ us-gaap_OtherComprehensiveIncomeLocationAxis
= us-gaap_OtherIncomeMember