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Guarantees and Long-Term Standby Purchase Commitments (Tables) | 9 Months Ended
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Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Guarantor Obligations | The following table presents the maximum principal amount of potential undiscounted future payments that Farmer Mac could be required to make under all off-balance sheet Farmer Mac Guaranteed Securities as of September 30, 2019 and December 31, 2018, not including offsets provided by any recourse provisions, recoveries from third parties, or collateral for the underlying loans: Table 6.1
Outstanding Balance of Off-Balance Sheet Farmer Mac Guaranteed Securities
| As of September 30, 2019 |  | As of December 31, 2018
| (in thousands)
Farm & Ranch: |  |  |
Guaranteed Securities | $ | 115,306 |  |  | $ | 135,862 |
USDA Guarantees: |  |  |
Farmer Mac Guaranteed USDA Securities | 404,052 |  |  | 367,684 |
Institutional Credit: |  |  |  |  |
AgVantage Securities | 9,225 |  |  | 9,898 |
Revolving floating rate AgVantage facility(1) | 300,000 |  |  | 300,000 |
Total off-balance sheet Farmer Mac Guaranteed Securities | $ | 828,583 |  |  | $ | 813,444 |
(1) Relates to a revolving floating rate AgVantage facility subject to specified contractual terms. Farmer Mac receives a fixed fee based on the full dollar amount of the facility.
Schedule of Cash Flows Related To Transfer of Securitizations | The following table summarizes the significant cash flows received from and paid to trusts used for Farmer Mac securitizations: Table 6.2
| For the Nine Months Ended
| September 30, 2019 |  | September 30, 2018
| (in thousands)
Proceeds from new securitizations | $ | 199,396 |  |  | $ | 305,391 |
Guarantee fees received | 1,122 |  |  | 1,481 |

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- Definition Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=115931803&loc=d3e12069-110248 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=115931803&loc=d3e12265-110248 + Details
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