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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 70,282us-gaap_ProfitLoss $ 97,515us-gaap_ProfitLoss $ 68,960us-gaap_ProfitLoss
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 18,461us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 26,217us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 19,643us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Amortization of debt premiums, discounts and issuance costs 9,689us-gaap_AmortizationOfFinancingCostsAndDiscounts 11,839us-gaap_AmortizationOfFinancingCostsAndDiscounts 14,658us-gaap_AmortizationOfFinancingCostsAndDiscounts
Net change in fair value of trading securities, hedged assets, and financial derivatives 8,213agm_NetChangeInFairValueOfTradingSecuritiesHedgedAssetsFinancialDerivativesAndLoansHeldForSale (44,362)agm_NetChangeInFairValueOfTradingSecuritiesHedgedAssetsFinancialDerivativesAndLoansHeldForSale (1,017)agm_NetChangeInFairValueOfTradingSecuritiesHedgedAssetsFinancialDerivativesAndLoansHeldForSale
Losses/(gains) on sale of available-for-sale investment securities 238us-gaap_GainLossOnSaleOfSecuritiesNet (2,113)us-gaap_GainLossOnSaleOfSecuritiesNet (18)us-gaap_GainLossOnSaleOfSecuritiesNet
Gains on repurchase of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 1,462us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Gains on sale of real estate owned (137)us-gaap_GainsLossesOnSalesOfOtherRealEstate (1,236)us-gaap_GainsLossesOnSalesOfOtherRealEstate (878)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Total (release of)/provision for losses (3,166)us-gaap_ProvisionForLoanLeaseAndOtherLosses 448us-gaap_ProvisionForLoanLeaseAndOtherLosses 1,875us-gaap_ProvisionForLoanLeaseAndOtherLosses
Deferred income taxes (6,979)us-gaap_DeferredIncomeTaxExpenseBenefit 6,670us-gaap_DeferredIncomeTaxExpenseBenefit (1,982)us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation expense 2,859us-gaap_ShareBasedCompensation 2,967us-gaap_ShareBasedCompensation 2,428us-gaap_ShareBasedCompensation
Proceeds from repayment of trading investment securities 685us-gaap_ProceedsFromPaymentsForTradingSecurities 774us-gaap_ProceedsFromPaymentsForTradingSecurities 810us-gaap_ProceedsFromPaymentsForTradingSecurities
Payments to Purchase Loans Held-for-sale 0us-gaap_PaymentsToPurchaseLoansHeldForSale 0us-gaap_PaymentsToPurchaseLoansHeldForSale (171,925)us-gaap_PaymentsToPurchaseLoansHeldForSale
Proceeds from repayment of loans purchased as held for sale 98,712us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale 168,589us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale 151,473us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale
Net change in:      
Interest receivable 2,657us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet (3,835)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet 6,938us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Guarantee and commitment fees receivable 2,118us-gaap_IncreaseDecreaseInOtherReceivables (2,115)us-gaap_IncreaseDecreaseInOtherReceivables (10,405)us-gaap_IncreaseDecreaseInOtherReceivables
Other assets (39,624)us-gaap_IncreaseDecreaseInOtherOperatingAssets 52,872us-gaap_IncreaseDecreaseInOtherOperatingAssets (43,200)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accrued interest payable (5,417)us-gaap_IncreaseDecreaseInAccruedLiabilities 1,993us-gaap_IncreaseDecreaseInAccruedLiabilities (9,075)us-gaap_IncreaseDecreaseInAccruedLiabilities
Other liabilities (3,539)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (771)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 5,018us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 155,052us-gaap_NetCashProvidedByUsedInOperatingActivities 313,990us-gaap_NetCashProvidedByUsedInOperatingActivities 33,303us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Purchases of loans held for investment (749,099)us-gaap_PaymentsToAcquireLoansHeldForInvestment (911,846)us-gaap_PaymentsToAcquireLoansHeldForInvestment (564,251)us-gaap_PaymentsToAcquireLoansHeldForInvestment
Purchases of defaulted loans (705)us-gaap_PaymentsToAcquireOtherLoansAndLeasesHeldForInvestment (6,704)us-gaap_PaymentsToAcquireOtherLoansAndLeasesHeldForInvestment (17,024)us-gaap_PaymentsToAcquireOtherLoansAndLeasesHeldForInvestment
Proceeds from repayment of loans purchased as held for investment 337,466us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 265,151us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 289,318us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
Proceeds from sale of Farmer Mac Guaranteed Securities 175,754us-gaap_ProceedsFromSaleOfOtherInvestments 150,417us-gaap_ProceedsFromSaleOfOtherInvestments 38,063us-gaap_ProceedsFromSaleOfOtherInvestments
Proceeds from sale of real estate owned 1,927us-gaap_ProceedsFromSaleOfForeclosedAssets 4,042us-gaap_ProceedsFromSaleOfForeclosedAssets 2,056us-gaap_ProceedsFromSaleOfForeclosedAssets
Net cash used in investing activities (83,662)us-gaap_NetCashProvidedByUsedInInvestingActivities (995,093)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,328,810)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Excess tax benefits related to stock-based awards 51us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,160us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 2,113us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Payments to third parties on debt securities of consolidated trusts (37,512)agm_PaymentsToThirdPartiesOnDebtSecuritiesOfConsolidatedTrusts (56,278)agm_PaymentsToThirdPartiesOnDebtSecuritiesOfConsolidatedTrusts (106,438)agm_PaymentsToThirdPartiesOnDebtSecuritiesOfConsolidatedTrusts
Proceeds from common stock issuance 244us-gaap_ProceedsFromIssuanceOfCommonStock 1,913us-gaap_ProceedsFromIssuanceOfCommonStock 2,935us-gaap_ProceedsFromIssuanceOfCommonStock
Investment in Contour 175us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries
Purchase of interest - Non-controlling interest - preferred stock (6,000)us-gaap_PaymentsToMinorityShareholders 0us-gaap_PaymentsToMinorityShareholders 0us-gaap_PaymentsToMinorityShareholders
Dividends paid - Non-controlling interest - preferred stock (22,192)us-gaap_PaymentsOfDividendsMinorityInterest (22,187)us-gaap_PaymentsOfDividendsMinorityInterest (22,187)us-gaap_PaymentsOfDividendsMinorityInterest
Dividends paid on common and preferred stock (13,996)us-gaap_PaymentsOfOrdinaryDividends (7,979)us-gaap_PaymentsOfOrdinaryDividends (7,084)us-gaap_PaymentsOfOrdinaryDividends
Net cash provided by financing activities 542,684us-gaap_NetCashProvidedByUsedInFinancingActivities 644,852us-gaap_NetCashProvidedByUsedInFinancingActivities 1,264,025us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase/(decrease) in cash and cash equivalents 614,074us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (36,251)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (31,482)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 749,313us-gaap_CashAndCashEquivalentsAtCarryingValue 785,564us-gaap_CashAndCashEquivalentsAtCarryingValue 817,046us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 1,363,387us-gaap_CashAndCashEquivalentsAtCarryingValue 749,313us-gaap_CashAndCashEquivalentsAtCarryingValue 785,564us-gaap_CashAndCashEquivalentsAtCarryingValue
Medium-term Notes [Member]      
Cash flows from financing activities:      
Proceeds from issuance of discount notes and medium-term notes 3,544,818us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
2,886,783us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
3,358,188us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
Payments to redeem discount notes and medium-term notes (3,108,000)us-gaap_RepaymentsOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
(2,066,602)us-gaap_RepaymentsOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
(1,790,000)us-gaap_RepaymentsOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
Discount Notes [Member]      
Cash flows from financing activities:      
Proceeds from issuance of discount notes and medium-term notes 38,388,899us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
64,859,652us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
67,404,261us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
Payments to redeem discount notes and medium-term notes (38,350,229)us-gaap_RepaymentsOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
(64,952,365)us-gaap_RepaymentsOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
(67,577,763)us-gaap_RepaymentsOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
Investment Securities [Member]      
Cash flows from investing activities:      
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (1,545,658)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
(1,703,082)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
(1,888,352)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 1,327,044us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
1,350,491us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
1,410,427us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Proceeds from sale of available-for-sale investment securities 770,149us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
366,562us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
7,018us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Farmer Mac Guaranteed Securities and USDA Securities [Member]
     
Cash flows from investing activities:      
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (1,555,272)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
(1,635,394)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
(1,469,057)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 1,154,732us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
1,125,270us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
862,992us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
Series A Preferred Stock [Member]      
Cash flows from financing activities:      
Proceeds from Preferred Stock Issuances 0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
58,333us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
Series B Preferred Stock [Member]      
Cash flows from financing activities:      
Proceeds from Preferred Stock Issuances 73,044us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
Series C Preferred Stock [Member]      
Cash flows from financing activities:      
Proceeds from Preferred Stock Issuances 73,382us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
Retired Series C Preferred Stock [Member]      
Cash flows from financing activities:      
Retirement of Series C Preferred stock $ 0us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= agm_RetiredSeriesCPreferredStockMember
$ (57,578)us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= agm_RetiredSeriesCPreferredStockMember
$ 0us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= agm_RetiredSeriesCPreferredStockMember