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Financial Derivatives - Schedule of Net Income/(Expense) Recognized (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]    
Investments and cash equivalents $ 59,703 $ 5,716
Interest Income Farmer Mac Guaranteed Securities and USDA Securities 136,537 42,920
Interest Income Loans 119,032 67,247
Total interest expense (236,214) (50,345)
Gains on financial derivatives 399 16,988
Total 79,457 82,526
Interest expense on interest rate swaps 5,355 21,405
Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items 54,981 (136,167)
Gains/(losses) on fair value hedging relationships (105) 6,027
Cash flow hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Premium/discount amortization recognized on hedged items (14) (13)
Interest settlements reclassified from AOCI into net income on derivatives 4,391 (2,011)
Recognized on hedged items (7,190) (787)
Expense recognized on cash flow hedges (2,813) (2,811)
Designated as hedge | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items (6,835) 28,988
Premium/discount amortization recognized on hedged items (423) (854)
No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 399 16,988
Interest Income Investments and Cash Equivalents | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items 27,428 (32,726)
Gains/(losses) on fair value hedging relationships 275 699
Interest Income Investments and Cash Equivalents | Cash flow hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Premium/discount amortization recognized on hedged items 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0
Recognized on hedged items 0 0
Expense recognized on cash flow hedges 0 0
Interest Income Investments and Cash Equivalents | Designated as hedge | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items 6,961 2,597
Premium/discount amortization recognized on hedged items 268 (414)
Interest Income Investments and Cash Equivalents | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items 93,295 (210,648)
Gains/(losses) on fair value hedging relationships (497) 3,203
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Cash flow hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Premium/discount amortization recognized on hedged items 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0
Recognized on hedged items 0 0
Expense recognized on cash flow hedges 0 0
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Designated as hedge | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items 41,971 31,929
Premium/discount amortization recognized on hedged items 0 0
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Interest Income Loans | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items 56,957 (129,607)
Gains/(losses) on fair value hedging relationships 276 2,325
Interest Income Loans | Cash flow hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Premium/discount amortization recognized on hedged items 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0
Recognized on hedged items 0 0
Expense recognized on cash flow hedges 0 0
Interest Income Loans | Designated as hedge | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items 15,208 12,619
Premium/discount amortization recognized on hedged items 0 0
Interest Income Loans | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Total Interest Expense | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items (122,699) 236,814
Gains/(losses) on fair value hedging relationships (159) (200)
Total Interest Expense | Cash flow hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Premium/discount amortization recognized on hedged items (14) (13)
Interest settlements reclassified from AOCI into net income on derivatives 4,391 (2,011)
Recognized on hedged items (7,190) (787)
Expense recognized on cash flow hedges (2,813) (2,811)
Total Interest Expense | Designated as hedge | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items (70,975) (18,157)
Premium/discount amortization recognized on hedged items (691) (440)
Total Interest Expense | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Gains on financial derivatives | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items 0 0
Gains/(losses) on fair value hedging relationships 0 0
Gains on financial derivatives | Cash flow hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Premium/discount amortization recognized on hedged items 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0
Recognized on hedged items 0 0
Expense recognized on cash flow hedges 0 0
Gains on financial derivatives | Designated as hedge | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on hedged items 0 0
Premium/discount amortization recognized on hedged items 0 0
Gains on financial derivatives | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 399 16,988
Interest Rate Swap | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on derivatives (28,829) (15,874)
Income/(expense) related to interest settlements on fair value hedging relationships (36,087) 12,260
Recognized on derivatives (55,086) 142,194
Interest Rate Swap | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 33 1,617
Interest expense on interest rate swaps (1,625) (927)
Interest Rate Swap | Interest Income Investments and Cash Equivalents | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on derivatives 6,549 (1,484)
Income/(expense) related to interest settlements on fair value hedging relationships 13,778 699
Recognized on derivatives (27,153) 33,425
Interest Rate Swap | Interest Income Investments and Cash Equivalents | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Interest expense on interest rate swaps 0 0
Interest Rate Swap | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on derivatives 28,909 (21,644)
Income/(expense) related to interest settlements on fair value hedging relationships 70,880 10,285
Recognized on derivatives (93,792) 213,851
Interest Rate Swap | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Interest expense on interest rate swaps 0 0
Interest Rate Swap | Interest Income Loans | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on derivatives 13,180 (6,946)
Income/(expense) related to interest settlements on fair value hedging relationships 28,388 5,673
Recognized on derivatives (56,681) 131,932
Interest Rate Swap | Interest Income Loans | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Interest expense on interest rate swaps 0 0
Interest Rate Swap | Total Interest Expense | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on derivatives (77,467) 14,200
Income/(expense) related to interest settlements on fair value hedging relationships (149,133) (4,397)
Recognized on derivatives 122,540 (237,014)
Interest Rate Swap | Total Interest Expense | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Interest expense on interest rate swaps 0 0
Interest Rate Swap | Gains on financial derivatives | Fair value hedges:    
Derivative Instruments, Gain (Loss) [Line Items]    
Recognized on derivatives 0 0
Income/(expense) related to interest settlements on fair value hedging relationships 0 0
Recognized on derivatives 0 0
Interest Rate Swap | Gains on financial derivatives | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 33 1,617
Interest expense on interest rate swaps (1,625) (927)
Treasury futures | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 1,991 16,298
Treasury futures | Interest Income Investments and Cash Equivalents | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Treasury futures | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Treasury futures | Interest Income Loans | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Treasury futures | Total Interest Expense | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives 0 0
Treasury futures | Gains on financial derivatives | No hedge designation    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains on financial derivatives $ 1,991 $ 16,298