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Notes Payable - Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Debt | The following tables set forth information related to Farmer Mac's borrowings as of December 31, 2019 and 2018: Table 7.1
| December 31, 2019 |  |  |  |  |  |
| Outstanding as of December 31 |  |  |  | Average Outstanding During the Year |  |
| Amount |  | Weighted- Average Rate |  | Amount |  | Weighted- Average Rate
| (dollars in thousands) |  |  |  |  |  |
Due within one year: |  |  |  |  |  |  |
Discount notes | $ | 2,194,177 |  |  | 1.72 | % |  | $ | 1,977,214 |  |  | 2.25 | %
Medium-term notes | 1,152,770 |  |  | 1.98 | % |  | 1,780,517 |  |  | 2.33 | %
Current portion of long-term notes | 6,672,135 |  |  | 1.85 | % |  |  |  |  |  |
Total due within one year | $ | 10,019,082 |  |  | 1.84 | % |  |  |  |
Due after one year: |  |  |  |  |  |  |  |
Medium-term notes due in: |  |  |  |  |  |  |  |
2021 | $ | 3,700,835 |  |  | 2.04 | % |  |  |  |
2022 | 1,594,709 |  |  | 2.15 | % |  |  |  |
2023 | 1,205,276 |  |  | 2.27 | % |  |  |  |
2024 | 760,887 |  |  | 2.25 | % |  |  |  |
Thereafter | 1,817,859 |  |  | 2.89 | % |  |  |  |
Total due after one year | 9,079,566 |  |  | 2.28 | % |  |  |  |
Total | $ | 19,098,648 |  |  | 2.05 | % |  |  |  |
| December 31, 2018 |  |  |  |  |  |
| Outstanding as of December 31 |  |  |  | Average Outstanding During the Year |  |
| Amount |  | Weighted- Average Rate |  | Amount |  | Weighted- Average Rate
| (dollars in thousands) |  |  |  |  |  |
Due within one year: |  |  |  |  |  |  |
Discount notes | $ | 1,586,385 |  |  | 2.35 | % |  | $ | 1,432,470 |  |  | 1.83 | %
Medium-term notes | 1,826,380 |  |  | 2.29 | % |  | 1,977,445 |  |  | 1.83 | %
Current portion of long-term notes | 4,344,285 |  |  | 1.93 | % |  |  |  |  |  |
Total due within one year | $ | 7,757,050 |  |  | 2.10 | % |  |  |  |
Due after one year: |  |  |  |  |  |  |  |
Medium-term notes due in: |  |  |  |  |  |  |  |
2020 | $ | 3,090,405 |  |  | 2.11 | % |  |  |  |
2021 | 2,220,651 |  |  | 2.41 | % |  |  |  |
2022 | 859,470 |  |  | 2.19 | % |  |  |  |
2023 | 881,738 |  |  | 2.88 | % |  |  |  |
Thereafter | 1,434,383 |  |  | 3.34 | % |  |  |  |
Total due after one year | 8,486,647 |  |  | 2.48 | % |  |  |  |
Total | $ | 16,243,697 |  |  | 2.30 | % |  |  |  |
The following table summarizes by maturity date the amounts and costs for Farmer Mac debt callable in 2020 as of December 31, 2019: Table 7.2
Debt Callable in 2020 as of December 31, 2019 |  |  |
| Amount |  | Weighted-Average Rate
| (dollars in thousands) |  |
Maturity: |  |  |
2021 | $ | 518,746 |  |  | 2.03 | %
2022 | 289,742 |  |  | 2.30 | %
2023 | 22,978 |  |  | 1.93 | %
2024 | 191,688 |  |  | 2.32 | %
Thereafter | 374,064 |  |  | 2.80 | %
Total | $ | 1,397,218 |  |  | 2.33 | %
Schedule of Long-Term Debt Instruments | The following schedule summarizes the earliest interest rate reset date of total borrowings outstanding as of December 31, 2019, including callable and non-callable medium-term notes, assuming callable notes are redeemed at the initial call date: Table 7.3
| Earliest Interest Rate Reset Date of Borrowings Outstanding |  |
| Amount |  | Weighted-Average Rate
| (dollars in thousands) |  |
Debt with interest rate resets in: |  |  |
2020 | $ | 11,842,948 |  |  | 1.85 | %
2021 | 2,399,892 |  |  | 2.18 | %
2022 | 1,463,737 |  |  | 2.16 | %
2023 | 1,160,300 |  |  | 2.28 | %
2024 | 727,900 |  |  | 2.26 | %
Thereafter | 1,503,871 |  |  | 3.03 | %
Total | $ | 19,098,648 |  |  | 2.05 | %

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