XML 93 R71.htm IDEA: XBRL DOCUMENT
v3.24.3

FAIR VALUE DISCLOSURES - Quantitative Information (Details) $ in Thousands | Sep. 30, 2024 USD ($) | Dec. 31, 2023 USD ($)
--- | --- | ---
Farmer Mac Guaranteed Securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | $ 5,761,691 |
Floating interest rate | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 19,478 | $ 19,082
Recurring |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Guarantee Asset | 5,556 | 5,831
Recurring | Farmer Mac Guaranteed Securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 5,761,691 | 5,532,479
Recurring | Floating interest rate | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 19,478 | 19,082
Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Guarantee Asset | 5,556 | 5,831
Recurring | Level 3 | Farmer Mac Guaranteed Securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 5,761,691 | 5,532,479
Recurring | Level 3 | Floating interest rate | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 19,478 | 19,082
Farmer Mac Guaranteed Securities | Farmer Mac Guaranteed Securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 9,300 | 9,800
USDA Securities | Recurring |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Trading | 842 | 1,241
USDA Securities | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Trading | 842 | 1,241
AgVantage Securities | Recurring | Farmer Mac Guaranteed Securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 5,752,385 | 5,522,712
AgVantage Securities | Recurring | Level 3 | Farmer Mac Guaranteed Securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 5,752,385 | 5,522,712
Farmer Mac Guaranteed USDA Securities | Recurring | Farmer Mac Guaranteed Securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 9,306 | 9,767
Farmer Mac Guaranteed USDA Securities | Recurring | Level 3 | Farmer Mac Guaranteed Securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Available-for-sale, at fair value | 9,306 | 9,767
USDA Securities | USDA Securities | Recurring |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Trading | 842 | 1,241
USDA Securities | USDA Securities | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Trading | $ 842 | $ 1,241
Range of broker quotes | Minimum | Floating rate auction-rate certificates backed by Government guaranteed student loans | Indicative bids | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Investment securities, measurement input | 0.990 | 0.970
Range of broker quotes | Maximum | Floating rate auction-rate certificates backed by Government guaranteed student loans | Indicative bids | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Investment securities, measurement input | 0.990 | 0.970
Range of broker quotes | Weighted Average | Floating rate auction-rate certificates backed by Government guaranteed student loans | Indicative bids | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Investment securities, measurement input | 0.990 | 0.970
Discount rate | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Guarantee asset, measurement input | 0.083 |
Discount rate | Farmer Mac Guaranteed USDA Securities | Farmer Mac Guaranteed Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Investment securities, measurement input | 0.083 |
Discount rate | Minimum | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Guarantee asset, measurement input |  | 0.083
Discount rate | Minimum | AgVantage Securities | Farmer Mac Guaranteed Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Investment securities, measurement input | 0.043 | 0.047
Discount rate | Minimum | Farmer Mac Guaranteed USDA Securities | Farmer Mac Guaranteed Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Investment securities, measurement input |  | 0.083
Discount rate | Minimum | USDA Securities | USDA Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
USDA securities, measurement input | 0.052 | 0.054
Discount rate | Maximum | AgVantage Securities | Farmer Mac Guaranteed Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Investment securities, measurement input | 0.053 | 0.054
Discount rate | Maximum | USDA Securities | USDA Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
USDA securities, measurement input | 0.053 | 0.054
Discount rate | Weighted Average | AgVantage Securities | Farmer Mac Guaranteed Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Investment securities, measurement input | 0.045 | 0.050
Discount rate | Weighted Average | USDA Securities | USDA Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
USDA securities, measurement input | 0.053 | 0.054
CPR | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Guarantee asset, measurement input | 0.03 | 0.03
CPR | Farmer Mac Guaranteed USDA Securities | Farmer Mac Guaranteed Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Investment securities, measurement input | 0.03 | 0.03
CPR | Minimum | USDA Securities | USDA Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
USDA securities, measurement input | 0.13 | 0.12
CPR | Maximum | USDA Securities | USDA Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
USDA securities, measurement input | 0.13 | 0.12
CPR | Weighted Average | USDA Securities | USDA Securities | Discounted cash flow | Recurring | Level 3 |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
USDA securities, measurement input | 0.13 | 0.12

X
- Definition Guarantee Asset + References No definition available. + Details
Name: | agm_GuaranteeAsset
Namespace Prefix: | agm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Guarantee Asset, Measurement Input + References No definition available. + Details
Name: | agm_GuaranteeAssetMeasurementInput
Namespace Prefix: | agm_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount excluding accrued interest, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Value of input used to measure investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput
Namespace Prefix: | us-gaap_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Value of input used to measure investment in debt security measured at fair value with change in fair value recognized in net income (trading). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_DebtSecuritiesTradingMeasurementInput
Namespace Prefix: | us-gaap_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481830/320-10-45-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1 + Details
Name: | us-gaap_TradingSecuritiesDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=agm_FloatingInterestRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AuctionRateSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=agm_InstitutionalCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=agm_FarmerMacGuaranteedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=agm_USDAGuaranteesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=agm_MeasurementInputRangeOfBrokerQuotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=us-gaap_AuctionRateSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=us-gaap_MarketApproachValuationTechniqueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_WeightedAverageMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=us-gaap_ValuationTechniqueDiscountedCashFlowMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputConstantPrepaymentRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |