CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 48,456	$ 59,215
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	1,095	(4,922)
Amortization of debt premiums, discounts, and issuance costs	14,769	24,022
Net change in fair value of trading securities, hedged assets, and financial derivatives	(401,002)	(208,213)
Gain on sale of real estate owned	(485)	0
Total provision for allowance for losses	3,882	27
Excess tax benefits related to stock-based awards	(475)	259
Deferred income taxes	(2,254)	5,874
Stock-based compensation expense	2,012	1,257
Proceeds from repayment of loans purchased as held for sale	35,351	23,239
Net change in:
Interest receivable	24,139	(4,578)
Guarantee and commitment fees receivable	292	120
Other assets	(23,446)	(9,006)
Accrued interest payable	(6,825)	11,386
Other liabilities	(2,453)	651
Net cash used in operating activities	(306,944)	(100,669)
Cash flows from investing activities:
Purchases of loans held for investment	(1,502,920)	(1,101,705)
Purchases of defaulted loans	(6,272)	0
Proceeds from repayment of loans purchased as held for investment	712,238	330,387
Proceeds from sale of Farmer Mac Guaranteed Securities	28,050	166,351
Proceeds from sale of real estate owned	2,191	0
Net cash used in investing activities	(1,592,368)	(1,741,530)
Cash flows from financing activities:
Payments to third parties on debt securities of consolidated trusts	(175,004)	(80,820)
Proceeds from common stock issuance	36	6
Retirement of Series B preferred stock	0	(75,000)
Tax payments related to share-based awards	(471)	(1,112)
Purchases of common stock	(235)	0
Dividends paid on common and preferred stock	(24,018)	(22,041)
Net cash provided by financing activities	2,122,531	1,813,545
Net change in cash and cash equivalents	223,219	(28,654)
Cash and cash equivalents at beginning of period	604,381	425,256
Cash and cash equivalents at end of period	827,600	396,602
Non-cash activity:
Loans acquired and securitized as Farmer Mac Guaranteed Securities	28,050	166,351
Consolidation of Farmer Mac Guaranteed Securities from off-balance sheet to loans held for investment in consolidated trusts and to debt securities of consolidated trusts held by third parties	28,050	118,004
Reclassification of defaulted loans from loans held for investment in consolidated trusts to loans held for investment	7,414	4,721
Maturity of investment security - not yet settled	0	(35,075)
Purchases of securities - traded, not yet settled	4,588	10,000
5.700% Non-Cumulative Preferred Stock, Series D
Cash flows from financing activities:
Proceeds from preferred stock issuance, net of stock issuance costs	0	96,659
Series E Preferred Stock
Cash flows from financing activities:
Proceeds from preferred stock issuance, net of stock issuance costs	77,003	0
Medium-term Notes
Cash flows from financing activities:
Proceeds from issuance of discount notes and medium-term notes	7,791,406	4,467,265
Payments to redeem notes	(5,847,765)	(3,106,538)
Notes Payable to Banks
Cash flows from financing activities:
Proceeds from issuance of discount notes and medium-term notes	34,376,593	28,265,587
Payments to redeem notes	(34,075,014)	(27,730,461)
Debt Securities
Cash flows from investing activities:
Purchases of securities	(1,591,501)	(1,217,901)
Proceeds from repayment of securities	1,097,237	500,462
Farmer Mac Guaranteed Securities and USDA Securities
Cash flows from investing activities:
Purchases of securities	(1,361,109)	(1,660,280)
Proceeds from repayment of securities	$ 1,029,718	$ 1,241,156