Quarterly Report (10-q)

truefalse00008458772020Q1false--12-3100008458772020-01-012020-03-310000845877us-gaap:CommonClassAMember2020-01-012020-03-310000845877us-gaap:CommonClassCMember2020-01-012020-03-310000845877us-gaap:SeriesAPreferredStockMember2020-01-012020-03-310000845877us-gaap:SeriesCPreferredStockMember2020-01-012020-03-310000845877us-gaap:SeriesDPreferredStockMember2020-01-012020-03-31xbrli:shares0000845877us-gaap:CommonClassAMember2020-04-300000845877us-gaap:CommonClassBMember2020-04-300000845877us-gaap:CommonClassCMember2020-04-30iso4217:USD00008458772020-03-3100008458772019-12-310000845877us-gaap:AvailableforsaleSecuritiesMember2020-03-310000845877us-gaap:AvailableforsaleSecuritiesMember2019-12-310000845877us-gaap:DebtSecuritiesMember2020-03-310000845877us-gaap:DebtSecuritiesMember2019-12-310000845877us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-03-310000845877us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310000845877us-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877us-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-03-310000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-12-31iso4217:USDxbrli:shares0000845877us-gaap:SeriesAPreferredStockMember2020-03-310000845877us-gaap:SeriesAPreferredStockMember2019-12-310000845877us-gaap:SeriesCPreferredStockMember2019-12-310000845877us-gaap:SeriesCPreferredStockMember2020-03-310000845877us-gaap:SeriesDPreferredStockMember2020-03-310000845877us-gaap:SeriesDPreferredStockMember2019-12-310000845877us-gaap:CommonClassAMember2020-03-310000845877us-gaap:CommonClassAMember2019-12-310000845877us-gaap:CommonClassBMember2019-12-310000845877us-gaap:CommonClassBMember2020-03-310000845877us-gaap:CommonClassCMember2020-03-310000845877us-gaap:CommonClassCMember2019-12-3100008458772019-01-012019-03-310000845877us-gaap:PreferredStockMember2018-12-310000845877us-gaap:CommonStockMember2018-12-310000845877us-gaap:AdditionalPaidInCapitalMember2018-12-310000845877us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310000845877us-gaap:RetainedEarningsMember2018-12-3100008458772018-12-310000845877us-gaap:RetainedEarningsMember2019-01-012019-03-310000845877us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-03-310000845877us-gaap:CommonStockMemberus-gaap:CommonClassCMember2019-01-012019-03-310000845877us-gaap:CommonStockMember2019-01-012019-03-310000845877us-gaap:AdditionalPaidInCapitalMember2019-01-012019-03-310000845877us-gaap:CommonClassCMember2019-01-012019-03-310000845877us-gaap:PreferredStockMember2019-03-310000845877us-gaap:CommonStockMember2019-03-310000845877us-gaap:AdditionalPaidInCapitalMember2019-03-310000845877us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-03-310000845877us-gaap:RetainedEarningsMember2019-03-3100008458772019-03-310000845877us-gaap:PreferredStockMember2019-12-310000845877us-gaap:CommonStockMember2019-12-310000845877us-gaap:AdditionalPaidInCapitalMember2019-12-310000845877us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310000845877us-gaap:RetainedEarningsMember2020-01-0100008458772020-01-010000845877us-gaap:PreferredStockMember2020-01-010000845877us-gaap:CommonStockMember2020-01-010000845877us-gaap:AdditionalPaidInCapitalMember2020-01-010000845877us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-01-010000845877us-gaap:RetainedEarningsMember2020-01-012020-03-310000845877us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-03-310000845877us-gaap:CommonStockMemberus-gaap:CommonClassCMember2020-01-012020-03-310000845877us-gaap:AdditionalPaidInCapitalMemberus-gaap:CommonClassCMember2020-01-012020-03-310000845877us-gaap:RetainedEarningsMemberus-gaap:CommonClassCMember2020-01-012020-03-310000845877us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-310000845877us-gaap:PreferredStockMember2020-03-310000845877us-gaap:CommonStockMember2020-03-310000845877us-gaap:AdditionalPaidInCapitalMember2020-03-310000845877us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-03-310000845877us-gaap:RetainedEarningsMember2020-03-310000845877us-gaap:DebtSecuritiesMember2020-01-012020-03-310000845877us-gaap:DebtSecuritiesMember2019-01-012019-03-310000845877agm:FarmerMacAndUsdaGuaranteedSecuritiesMember2020-01-012020-03-310000845877agm:FarmerMacAndUsdaGuaranteedSecuritiesMember2019-01-012019-03-310000845877us-gaap:NotesPayableToBanksMember2020-01-012020-03-310000845877us-gaap:NotesPayableToBanksMember2019-01-012019-03-310000845877us-gaap:MediumTermNotesMember2020-01-012020-03-310000845877us-gaap:MediumTermNotesMember2019-01-012019-03-31agm:subsidiary0000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberagm:FarmRanchMemberus-gaap:OperatingSegmentsMember2020-03-310000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberagm:USDAGuaranteesMemberagm:OnBalanceSheetMemberus-gaap:OperatingSegmentsMember2020-03-310000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberus-gaap:CorporateNonSegmentMember2020-03-310000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberagm:OnBalanceSheetMember2020-03-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberagm:OnBalanceSheetMemberagm:FarmRanchMemberus-gaap:OperatingSegmentsMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberagm:OnBalanceSheetMemberus-gaap:OperatingSegmentsMember2020-03-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberagm:OnBalanceSheetMemberus-gaap:CorporateNonSegmentMember2020-03-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberagm:OnBalanceSheetMember2020-03-310000845877us-gaap:DebtSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberagm:FarmRanchMemberus-gaap:OperatingSegmentsMember2020-03-310000845877us-gaap:DebtSecuritiesMemberagm:USDAGuaranteesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberus-gaap:OperatingSegmentsMember2020-03-310000845877us-gaap:DebtSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberus-gaap:CorporateNonSegmentMember2020-03-310000845877us-gaap:DebtSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OnBalanceSheetMember2020-03-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OffBalanceSheetMemberagm:FarmRanchMemberus-gaap:OperatingSegmentsMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OffBalanceSheetMemberus-gaap:OperatingSegmentsMember2020-03-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OffBalanceSheetMemberus-gaap:CorporateNonSegmentMember2020-03-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OffBalanceSheetMember2020-03-310000845877agm:FarmRanchMember2020-03-310000845877agm:USDAGuaranteesMember2020-03-310000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberagm:FarmRanchMemberus-gaap:OperatingSegmentsMember2019-12-310000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberagm:USDAGuaranteesMemberagm:OnBalanceSheetMemberus-gaap:OperatingSegmentsMember2019-12-310000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberus-gaap:CorporateNonSegmentMember2019-12-310000845877us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberagm:OnBalanceSheetMember2019-12-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberagm:OnBalanceSheetMemberagm:FarmRanchMemberus-gaap:OperatingSegmentsMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberagm:OnBalanceSheetMemberus-gaap:OperatingSegmentsMember2019-12-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberagm:OnBalanceSheetMemberus-gaap:CorporateNonSegmentMember2019-12-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberagm:OnBalanceSheetMember2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberagm:FarmRanchMemberus-gaap:OperatingSegmentsMember2019-12-310000845877us-gaap:DebtSecuritiesMemberagm:USDAGuaranteesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberus-gaap:OperatingSegmentsMember2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OnBalanceSheetMemberus-gaap:CorporateNonSegmentMember2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OnBalanceSheetMember2019-12-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OffBalanceSheetMemberagm:FarmRanchMemberus-gaap:OperatingSegmentsMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OffBalanceSheetMemberus-gaap:OperatingSegmentsMember2019-12-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OffBalanceSheetMemberus-gaap:CorporateNonSegmentMember2019-12-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:OffBalanceSheetMember2019-12-310000845877agm:FarmRanchMember2019-12-310000845877agm:USDAGuaranteesMember2019-12-310000845877agm:StockAppreciationRightsAndRestrictedStockMember2020-01-012020-03-310000845877agm:StockAppreciationRightsAndRestrictedStockMember2019-01-012019-03-310000845877us-gaap:PerformanceSharesMember2020-01-012020-03-310000845877us-gaap:PerformanceSharesMember2019-01-012019-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310000845877us-gaap:HeldtomaturitySecuritiesMemberus-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310000845877us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2019-12-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:AvailableforsaleSecuritiesMember2018-12-310000845877us-gaap:HeldtomaturitySecuritiesMemberus-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310000845877us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2018-12-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:AvailableforsaleSecuritiesMember2020-01-012020-03-310000845877us-gaap:HeldtomaturitySecuritiesMemberus-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-03-310000845877us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2020-01-012020-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:AvailableforsaleSecuritiesMember2019-01-012019-03-310000845877us-gaap:HeldtomaturitySecuritiesMemberus-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-03-310000845877us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2019-01-012019-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:AvailableforsaleSecuritiesMember2020-03-310000845877us-gaap:HeldtomaturitySecuritiesMemberus-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-03-310000845877us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2020-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:AvailableforsaleSecuritiesMember2019-03-310000845877us-gaap:HeldtomaturitySecuritiesMemberus-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-03-310000845877us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2019-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:InterestIncomeMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AvailableforsaleSecuritiesMember2020-01-012020-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:InterestIncomeMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AvailableforsaleSecuritiesMember2019-01-012019-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:OtherIncomeMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AvailableforsaleSecuritiesMember2020-01-012020-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:OtherIncomeMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AvailableforsaleSecuritiesMember2019-01-012019-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:InterestIncomeMemberus-gaap:HeldtomaturitySecuritiesMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310000845877us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:InterestIncomeMemberus-gaap:HeldtomaturitySecuritiesMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember2019-01-012019-03-310000845877us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestExpenseMemberus-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2020-01-012020-03-310000845877us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:InterestExpenseMemberus-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2019-01-012019-03-310000845877agm:CumulativeEffectPeriodOfAdoptionAdjustmentMemberagm:FarmRanchMember2020-01-010000845877agm:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberagm:FarmRanchMember2020-01-010000845877agm:RuralUtilitiesMember2019-12-310000845877agm:CumulativeEffectPeriodOfAdoptionAdjustmentMemberagm:RuralUtilitiesMember2020-01-010000845877agm:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberagm:RuralUtilitiesMember2020-01-010000845877agm:InstitutionalCreditMemberMember2019-12-310000845877agm:CumulativeEffectPeriodOfAdoptionAdjustmentMemberagm:InstitutionalCreditMemberMember2020-01-010000845877agm:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberagm:InstitutionalCreditMemberMember2020-01-010000845877agm:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-01-010000845877agm:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2020-01-010000845877us-gaap:AuctionRateSecuritiesMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AssetBackedSecuritiesMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:MortgageBackedSecuritiesMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AvailableforsaleSecuritiesMemberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877agm:FixedInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877agm:FixedInterestRateMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMember2020-03-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:AvailableforsaleSecuritiesMember2020-03-310000845877us-gaap:DebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2020-03-310000845877us-gaap:HeldtomaturitySecuritiesMemberagm:FixedInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2020-03-31xbrli:pure0000845877us-gaap:AuctionRateSecuritiesMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AssetBackedSecuritiesMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:MortgageBackedSecuritiesMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AvailableforsaleSecuritiesMemberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877agm:FixedInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877agm:FixedInterestRateMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMember2019-12-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310000845877us-gaap:HeldtomaturitySecuritiesMemberagm:FixedInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2019-12-31agm:security0000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:HeldtomaturitySecuritiesMemberagm:InstitutionalCreditMemberMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:HeldtomaturitySecuritiesMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:HeldtomaturitySecuritiesMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:HeldtomaturitySecuritiesMember2020-03-310000845877us-gaap:USTreasuryAndGovernmentMember2020-03-310000845877us-gaap:USTreasuryAndGovernmentMemberus-gaap:HeldtomaturitySecuritiesMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberagm:InstitutionalCreditMemberMemberus-gaap:AvailableforsaleSecuritiesMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberagm:DebtSecuritiesTradingMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-312020-03-310000845877agm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:HeldtomaturitySecuritiesMemberagm:InstitutionalCreditMemberMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:HeldtomaturitySecuritiesMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:HeldtomaturitySecuritiesMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:HeldtomaturitySecuritiesMember2019-12-310000845877us-gaap:USTreasuryAndGovernmentMember2019-12-310000845877us-gaap:USTreasuryAndGovernmentMemberus-gaap:HeldtomaturitySecuritiesMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberagm:InstitutionalCreditMemberMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMemberagm:DebtSecuritiesTradingMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2018-12-312018-12-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000845877agm:InterestRateSwapReceiveFixedNonCallableMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000845877agm:InterestRateSwapReceiveFixedNonCallableMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberagm:InterestRateSwapReceiveFixedCallableMember2020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberagm:InterestRateSwapReceiveFixedCallableMember2020-01-012020-03-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-03-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:NondesignatedMember2020-03-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:NondesignatedMember2020-01-012020-03-310000845877agm:InterestRateSwapReceiveFixedNonCallableMemberus-gaap:NondesignatedMember2020-03-310000845877agm:InterestRateSwapReceiveFixedNonCallableMemberus-gaap:NondesignatedMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberagm:InterestRateSwapReceiveFixedCallableMember2020-03-310000845877us-gaap:NondesignatedMemberagm:InterestRateSwapReceiveFixedCallableMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:BasisSwapMember2020-03-310000845877us-gaap:NondesignatedMemberus-gaap:BasisSwapMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMember2020-03-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMember2020-01-012020-03-310000845877us-gaap:NondesignatedMember2020-03-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-012019-12-310000845877agm:InterestRateSwapReceiveFixedNonCallableMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310000845877agm:InterestRateSwapReceiveFixedNonCallableMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-012019-12-310000845877us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberagm:InterestRateSwapReceiveFixedCallableMember2019-12-310000845877us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberagm:InterestRateSwapReceiveFixedCallableMember2019-01-012019-12-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-12-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-012019-12-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:NondesignatedMember2019-12-310000845877agm:InterestRateSwapPayFixedNonCallableMemberus-gaap:NondesignatedMember2019-01-012019-12-310000845877agm:InterestRateSwapReceiveFixedNonCallableMemberus-gaap:NondesignatedMember2019-12-310000845877agm:InterestRateSwapReceiveFixedNonCallableMemberus-gaap:NondesignatedMember2019-01-012019-12-310000845877us-gaap:NondesignatedMemberagm:InterestRateSwapReceiveFixedCallableMember2019-12-310000845877us-gaap:NondesignatedMemberagm:InterestRateSwapReceiveFixedCallableMember2019-01-012019-12-310000845877us-gaap:NondesignatedMemberus-gaap:BasisSwapMember2019-12-310000845877us-gaap:NondesignatedMemberus-gaap:BasisSwapMember2019-01-012019-12-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMember2019-12-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMember2019-01-012019-12-310000845877us-gaap:NondesignatedMember2019-12-310000845877us-gaap:InterestIncomeMemberus-gaap:FairValueHedgingMemberus-gaap:InterestRateSwapMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestRateSwapMemberus-gaap:LoansAndFinanceReceivablesMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestExpenseMemberus-gaap:InterestRateSwapMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:GainLossOnDerivativeInstrumentsMemberus-gaap:InterestRateSwapMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestRateSwapMember2020-01-012020-03-310000845877us-gaap:InterestIncomeMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:LoansAndFinanceReceivablesMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:GainLossOnDerivativeInstrumentsMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-03-310000845877us-gaap:InterestIncomeMemberus-gaap:FairValueHedgingMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:LoansAndFinanceReceivablesMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestExpenseMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-01-012020-03-310000845877us-gaap:FairValueHedgingMember2020-01-012020-03-310000845877us-gaap:InterestIncomeMemberus-gaap:CashFlowHedgingMember2020-01-012020-03-310000845877us-gaap:CashFlowHedgingMemberus-gaap:LoansAndFinanceReceivablesMember2020-01-012020-03-310000845877us-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2020-01-012020-03-310000845877us-gaap:GainLossOnDerivativeInstrumentsMemberus-gaap:CashFlowHedgingMember2020-01-012020-03-310000845877us-gaap:CashFlowHedgingMember2020-01-012020-03-310000845877us-gaap:InterestIncomeMemberus-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMemberus-gaap:LoansAndFinanceReceivablesMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:InterestExpenseMemberus-gaap:InterestRateSwapMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:GainLossOnDerivativeInstrumentsMemberus-gaap:InterestRateSwapMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2020-01-012020-03-310000845877us-gaap:InterestIncomeMemberus-gaap:NondesignatedMemberus-gaap:FutureMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMemberus-gaap:LoansAndFinanceReceivablesMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMemberus-gaap:InterestExpenseMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-01-012020-03-310000845877us-gaap:InterestIncomeMemberus-gaap:NondesignatedMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:LoansAndFinanceReceivablesMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:InterestExpenseMember2020-01-012020-03-310000845877us-gaap:NondesignatedMemberus-gaap:GainLossOnDerivativeInstrumentsMember2020-01-012020-03-310000845877us-gaap:NondesignatedMember2020-01-012020-03-310000845877us-gaap:InterestIncomeMemberus-gaap:FairValueHedgingMemberus-gaap:InterestRateSwapMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestRateSwapMemberus-gaap:LoansAndFinanceReceivablesMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestExpenseMemberus-gaap:InterestRateSwapMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:GainLossOnDerivativeInstrumentsMemberus-gaap:InterestRateSwapMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestRateSwapMember2019-01-012019-03-310000845877us-gaap:InterestIncomeMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:LoansAndFinanceReceivablesMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:GainLossOnDerivativeInstrumentsMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-012019-03-310000845877us-gaap:InterestIncomeMemberus-gaap:FairValueHedgingMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:LoansAndFinanceReceivablesMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:InterestExpenseMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-01-012019-03-310000845877us-gaap:FairValueHedgingMember2019-01-012019-03-310000845877us-gaap:InterestIncomeMemberus-gaap:CashFlowHedgingMember2019-01-012019-03-310000845877us-gaap:CashFlowHedgingMemberus-gaap:LoansAndFinanceReceivablesMember2019-01-012019-03-310000845877us-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2019-01-012019-03-310000845877us-gaap:GainLossOnDerivativeInstrumentsMemberus-gaap:CashFlowHedgingMember2019-01-012019-03-310000845877us-gaap:CashFlowHedgingMember2019-01-012019-03-310000845877us-gaap:InterestIncomeMemberus-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMemberus-gaap:LoansAndFinanceReceivablesMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:InterestExpenseMemberus-gaap:InterestRateSwapMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:GainLossOnDerivativeInstrumentsMemberus-gaap:InterestRateSwapMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2019-01-012019-03-310000845877us-gaap:InterestIncomeMemberus-gaap:NondesignatedMemberus-gaap:FutureMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMemberus-gaap:LoansAndFinanceReceivablesMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMemberus-gaap:InterestExpenseMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:FutureMember2019-01-012019-03-310000845877us-gaap:InterestIncomeMemberus-gaap:NondesignatedMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:LoansAndFinanceReceivablesMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:InterestExpenseMember2019-01-012019-03-310000845877us-gaap:NondesignatedMemberus-gaap:GainLossOnDerivativeInstrumentsMember2019-01-012019-03-310000845877us-gaap:NondesignatedMember2019-01-012019-03-310000845877us-gaap:LoansMember2020-03-310000845877us-gaap:LoansMember2019-12-310000845877us-gaap:LongTermDebtMember2020-03-310000845877us-gaap:LongTermDebtMember2019-12-310000845877agm:IncludingAccruedInterestMemberagm:ExcludingNettingMember2020-03-310000845877agm:IncludingAccruedInterestMemberagm:CounterpartyNettingMember2020-03-310000845877agm:IncludingAccruedInterestMemberagm:NettingMember2020-03-310000845877agm:IncludingAccruedInterestMemberagm:ExcludingNettingMember2019-12-310000845877agm:IncludingAccruedInterestMemberagm:CounterpartyNettingMember2019-12-310000845877agm:IncludingAccruedInterestMemberagm:NettingMember2019-12-310000845877us-gaap:CashMember2020-03-310000845877us-gaap:CashMember2019-12-310000845877us-gaap:InterestRateSwapMember2020-03-310000845877us-gaap:ExchangeClearedMember2020-03-310000845877us-gaap:InterestRateSwapMember2019-12-310000845877us-gaap:ExchangeClearedMember2019-12-310000845877agm:UnsecuritizedMemberagm:FarmRanchMember2020-03-310000845877agm:InConsolidatedTrustsMemberagm:FarmRanchMember2020-03-310000845877agm:FarmRanchMemberus-gaap:RealEstateLoanMember2020-03-310000845877agm:UnsecuritizedMemberagm:FarmRanchMember2019-12-310000845877agm:InConsolidatedTrustsMemberagm:FarmRanchMember2019-12-310000845877agm:FarmRanchMemberus-gaap:RealEstateLoanMember2019-12-310000845877agm:UnsecuritizedMemberagm:RuralUtilitiesMember2020-03-310000845877agm:InConsolidatedTrustsMemberagm:RuralUtilitiesMember2020-03-310000845877us-gaap:RealEstateLoanMemberagm:RuralUtilitiesMember2020-03-310000845877agm:UnsecuritizedMemberagm:RuralUtilitiesMember2019-12-310000845877agm:InConsolidatedTrustsMemberagm:RuralUtilitiesMember2019-12-310000845877us-gaap:RealEstateLoanMemberagm:RuralUtilitiesMember2019-12-310000845877agm:UnsecuritizedMember2020-03-310000845877agm:InConsolidatedTrustsMember2020-03-310000845877us-gaap:RealEstateLoanMember2020-03-310000845877agm:UnsecuritizedMember2019-12-310000845877agm:InConsolidatedTrustsMember2019-12-310000845877us-gaap:RealEstateLoanMember2019-12-310000845877agm:RuralUtilitiesMember2020-03-310000845877agm:FarmRanchMember2018-12-310000845877agm:CumulativeEffectPeriodOfAdoptionAdjustmentMemberagm:FarmRanchMember2019-01-010000845877agm:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberagm:FarmRanchMember2019-01-010000845877agm:FarmRanchMember2020-01-012020-03-310000845877agm:FarmRanchMember2019-01-012019-03-310000845877agm:FarmRanchMember2019-03-310000845877agm:RuralUtilitiesMember2018-12-310000845877agm:CumulativeEffectPeriodOfAdoptionAdjustmentMemberagm:RuralUtilitiesMember2019-01-010000845877agm:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMemberagm:RuralUtilitiesMember2019-01-010000845877agm:RuralUtilitiesMember2020-01-012020-03-310000845877agm:RuralUtilitiesMember2019-01-012019-03-310000845877agm:RuralUtilitiesMember2019-03-310000845877us-gaap:CommercialRealEstateMemberagm:FarmRanchMember2020-01-012020-03-310000845877us-gaap:CollateralPledgedMemberagm:RuralUtilitiesMember2020-01-012020-03-310000845877agm:FarmRanchMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-03-310000845877agm:FarmRanchMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-03-310000845877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberagm:FarmRanchMember2020-03-310000845877us-gaap:FinancingReceivables30To59DaysPastDueMemberagm:RuralUtilitiesMember2020-03-310000845877us-gaap:FinancingReceivables60To89DaysPastDueMemberagm:RuralUtilitiesMember2020-03-310000845877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberagm:RuralUtilitiesMember2020-03-310000845877us-gaap:FinancingReceivables30To59DaysPastDueMember2020-03-310000845877us-gaap:FinancingReceivables60To89DaysPastDueMember2020-03-310000845877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-03-310000845877agm:CropsMemberagm:OnBalanceSheetMember2019-12-310000845877agm:OnBalanceSheetMemberagm:PermanentPlantingsMember2019-12-310000845877agm:OnBalanceSheetMemberagm:LivestockMember2019-12-310000845877agm:OnBalanceSheetMemberagm:PartTimeFarmMember2019-12-310000845877agm:AgricultureStorageAndProcessingMemberagm:OnBalanceSheetMember2019-12-310000845877agm:OnBalanceSheetMemberagm:OtherCommodityMember2019-12-310000845877agm:OnBalanceSheetMember2019-12-310000845877agm:CropsMember2019-12-310000845877agm:PermanentPlantingsMember2019-12-310000845877agm:LivestockMember2019-12-310000845877agm:PartTimeFarmMember2019-12-310000845877agm:AgricultureStorageAndProcessingMember2019-12-310000845877agm:OtherCommodityMember2019-12-310000845877agm:CollateralDependentNotIndividuallyAnalyzedMember2019-12-310000845877agm:LessThan90DaysPastDueMember2019-12-310000845877agm:CropsMember2019-01-012019-03-310000845877agm:PermanentPlantingsMember2019-01-012019-03-310000845877agm:LivestockMember2019-01-012019-03-310000845877agm:PartTimeFarmMember2019-01-012019-03-310000845877agm:AgricultureStorageAndProcessingMember2019-01-012019-03-310000845877agm:OtherCommodityMember2019-01-012019-03-310000845877agm:OnBalanceSheetMember2019-01-012019-03-310000845877agm:FarmRanchMemberus-gaap:PassMember2020-03-310000845877us-gaap:SpecialMentionMemberagm:FarmRanchMember2020-03-310000845877us-gaap:SubstandardMemberagm:FarmRanchMember2020-03-310000845877us-gaap:PassMemberagm:RuralUtilitiesMember2020-03-310000845877us-gaap:SpecialMentionMemberagm:RuralUtilitiesMember2020-03-310000845877us-gaap:SubstandardMemberagm:RuralUtilitiesMember2020-03-310000845877agm:CropsMemberagm:OnBalanceSheetMemberus-gaap:PassMember2019-12-310000845877agm:OnBalanceSheetMemberus-gaap:PassMemberagm:PermanentPlantingsMember2019-12-310000845877agm:OnBalanceSheetMemberagm:LivestockMemberus-gaap:PassMember2019-12-310000845877agm:OnBalanceSheetMemberagm:PartTimeFarmMemberus-gaap:PassMember2019-12-310000845877agm:AgricultureStorageAndProcessingMemberagm:OnBalanceSheetMemberus-gaap:PassMember2019-12-310000845877agm:OnBalanceSheetMemberagm:OtherCommodityMemberus-gaap:PassMember2019-12-310000845877agm:OnBalanceSheetMemberus-gaap:PassMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:CropsMemberagm:OnBalanceSheetMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:OnBalanceSheetMemberagm:PermanentPlantingsMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:OnBalanceSheetMemberagm:LivestockMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:OnBalanceSheetMemberagm:PartTimeFarmMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:AgricultureStorageAndProcessingMemberagm:OnBalanceSheetMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:OnBalanceSheetMemberagm:OtherCommodityMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:OnBalanceSheetMember2019-12-310000845877us-gaap:SubstandardMemberagm:CropsMemberagm:OnBalanceSheetMember2019-12-310000845877us-gaap:SubstandardMemberagm:OnBalanceSheetMemberagm:PermanentPlantingsMember2019-12-310000845877us-gaap:SubstandardMemberagm:OnBalanceSheetMemberagm:LivestockMember2019-12-310000845877us-gaap:SubstandardMemberagm:OnBalanceSheetMemberagm:PartTimeFarmMember2019-12-310000845877us-gaap:SubstandardMemberagm:AgricultureStorageAndProcessingMemberagm:OnBalanceSheetMember2019-12-310000845877us-gaap:SubstandardMemberagm:OnBalanceSheetMemberagm:OtherCommodityMember2019-12-310000845877us-gaap:SubstandardMemberagm:OnBalanceSheetMember2019-12-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:FarmRanchMember2020-03-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:FarmRanchMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-03-310000845877us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310000845877agm:FarmerMacGuaranteedSecuritiesMember2020-03-310000845877agm:FarmerMacGuaranteedSecuritiesMember2019-12-310000845877agm:FarmerMacGuaranteedSecuritiesMember2020-01-012020-03-310000845877agm:FarmerMacGuaranteedSecuritiesMember2019-01-012019-12-310000845877agm:FarmerMacGuaranteedSecuritiesMemberagm:InstitutionalCreditMemberMember2020-01-012020-03-310000845877agm:FarmerMacGuaranteedSecuritiesMemberagm:InstitutionalCreditMemberMember2019-01-012019-12-310000845877agm:LongTermStandbyPurchaseCommitmentsMemberagm:GuaranteeobligationsissuedafterJanuary12003Member2020-03-310000845877agm:LongTermStandbyPurchaseCommitmentsMemberagm:GuaranteeobligationsissuedafterJanuary12003Member2019-12-310000845877agm:LongTermStandbyPurchaseCommitmentsMember2020-03-310000845877agm:LongTermStandbyPurchaseCommitmentsMember2019-12-310000845877agm:LongTermStandbyPurchaseCommitmentsMember2020-01-012020-03-310000845877agm:LongTermStandbyPurchaseCommitmentsMember2019-01-012019-12-310000845877agm:FarmRanchMemberagm:LongTermStandbyPurchaseCommitmentsAndGuaranteedSecuritiesMember2020-03-310000845877agm:FarmRanchMemberagm:LongTermStandbyPurchaseCommitmentsAndGuaranteedSecuritiesMember2019-12-310000845877agm:LongTermStandbyPurchaseCommitmentsMemberagm:RuralUtilitiesMember2020-03-310000845877agm:LongTermStandbyPurchaseCommitmentsMemberagm:RuralUtilitiesMember2019-12-310000845877agm:FarmRanchMemberus-gaap:AccountingStandardsUpdate201613Member2019-01-010000845877agm:FarmRanchMember2020-01-010000845877agm:FarmRanchMember2019-01-010000845877us-gaap:AccountingStandardsUpdate201613Memberagm:RuralUtilitiesMember2019-01-010000845877agm:RuralUtilitiesMember2020-01-010000845877agm:RuralUtilitiesMember2019-01-010000845877agm:FarmRanchMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberagm:LongTermStandbyPurchaseCommitmentsAndGuaranteedSecuritiesMember2020-03-310000845877agm:FarmRanchMemberagm:LongTermStandbyPurchaseCommitmentsAndGuaranteedSecuritiesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-03-310000845877us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberagm:FarmRanchMemberagm:LongTermStandbyPurchaseCommitmentsAndGuaranteedSecuritiesMember2020-03-310000845877agm:LongTermStandbyPurchaseCommitmentsMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberagm:RuralUtilitiesMember2020-03-310000845877agm:LongTermStandbyPurchaseCommitmentsMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberagm:RuralUtilitiesMember2020-03-310000845877agm:LongTermStandbyPurchaseCommitmentsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberagm:RuralUtilitiesMember2020-03-310000845877agm:CropsMemberagm:OffBalanceSheetMember2019-12-310000845877agm:OffBalanceSheetMemberagm:PermanentPlantingsMember2019-12-310000845877agm:LivestockMemberagm:OffBalanceSheetMember2019-12-310000845877agm:OffBalanceSheetMemberagm:PartTimeFarmMember2019-12-310000845877agm:AgricultureStorageAndProcessingMemberagm:OffBalanceSheetMember2019-12-310000845877agm:OffBalanceSheetMemberagm:OtherCommodityMember2019-12-310000845877agm:OffBalanceSheetMember2019-12-310000845877agm:OffBalanceSheetMember2019-01-012019-03-310000845877agm:FarmRanchMemberus-gaap:PassMemberagm:LongTermStandbyPurchaseCommitmentsAndGuaranteedSecuritiesMember2020-03-310000845877us-gaap:SpecialMentionMemberagm:FarmRanchMemberagm:LongTermStandbyPurchaseCommitmentsAndGuaranteedSecuritiesMember2020-03-310000845877us-gaap:SubstandardMemberagm:FarmRanchMemberagm:LongTermStandbyPurchaseCommitmentsAndGuaranteedSecuritiesMember2020-03-310000845877agm:FarmRanchMemberagm:LongTermStandbyPurchaseCommitmentsAndGuaranteedSecuritiesMember2020-01-012020-03-310000845877agm:LongTermStandbyPurchaseCommitmentsMemberus-gaap:PassMemberagm:RuralUtilitiesMember2020-03-310000845877us-gaap:SpecialMentionMemberagm:LongTermStandbyPurchaseCommitmentsMemberagm:RuralUtilitiesMember2020-03-310000845877us-gaap:SubstandardMemberagm:LongTermStandbyPurchaseCommitmentsMemberagm:RuralUtilitiesMember2020-03-310000845877agm:LongTermStandbyPurchaseCommitmentsMemberagm:RuralUtilitiesMember2020-01-012020-03-310000845877agm:CropsMemberagm:OffBalanceSheetMemberus-gaap:PassMember2019-12-310000845877agm:OffBalanceSheetMemberus-gaap:PassMemberagm:PermanentPlantingsMember2019-12-310000845877agm:LivestockMemberagm:OffBalanceSheetMemberus-gaap:PassMember2019-12-310000845877agm:OffBalanceSheetMemberagm:PartTimeFarmMemberus-gaap:PassMember2019-12-310000845877agm:AgricultureStorageAndProcessingMemberagm:OffBalanceSheetMemberus-gaap:PassMember2019-12-310000845877agm:OffBalanceSheetMemberagm:OtherCommodityMemberus-gaap:PassMember2019-12-310000845877agm:OffBalanceSheetMemberus-gaap:PassMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:CropsMemberagm:OffBalanceSheetMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:OffBalanceSheetMemberagm:PermanentPlantingsMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:LivestockMemberagm:OffBalanceSheetMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:OffBalanceSheetMemberagm:PartTimeFarmMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:AgricultureStorageAndProcessingMemberagm:OffBalanceSheetMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:OffBalanceSheetMemberagm:OtherCommodityMember2019-12-310000845877us-gaap:SpecialMentionMemberagm:OffBalanceSheetMember2019-12-310000845877us-gaap:SubstandardMemberagm:CropsMemberagm:OffBalanceSheetMember2019-12-310000845877us-gaap:SubstandardMemberagm:OffBalanceSheetMemberagm:PermanentPlantingsMember2019-12-310000845877us-gaap:SubstandardMemberagm:LivestockMemberagm:OffBalanceSheetMember2019-12-310000845877us-gaap:SubstandardMemberagm:OffBalanceSheetMemberagm:PartTimeFarmMember2019-12-310000845877us-gaap:SubstandardMemberagm:AgricultureStorageAndProcessingMemberagm:OffBalanceSheetMember2019-12-310000845877us-gaap:SubstandardMemberagm:OffBalanceSheetMemberagm:OtherCommodityMember2019-12-310000845877us-gaap:SubstandardMemberagm:OffBalanceSheetMember2019-12-310000845877agm:DiscountNotesMember2020-01-012020-03-310000845877us-gaap:MediumTermNotesMembersrt:MinimumMember2020-01-012020-03-310000845877srt:MaximumMemberus-gaap:MediumTermNotesMember2020-01-012020-03-310000845877us-gaap:NotesPayableToBanksMember2020-03-310000845877us-gaap:NotesPayableToBanksMember2020-01-012020-03-310000845877us-gaap:MediumTermNotesMember2020-03-310000845877us-gaap:MediumTermNotesMember2020-01-012020-03-310000845877us-gaap:LongTermDebtMember2020-03-310000845877us-gaap:DebtInstrumentRedemptionPeriodTwoMember2020-03-310000845877us-gaap:DebtInstrumentRedemptionPeriodThreeMember2020-03-310000845877us-gaap:DebtInstrumentRedemptionPeriodFourMember2020-03-310000845877us-gaap:DebtInstrumentRedemptionPeriodFiveMember2020-03-310000845877agm:DebtInstrumentRedemptionAfterPeriodFiveMember2020-03-310000845877us-gaap:NotesPayableToBanksMember2019-12-310000845877us-gaap:NotesPayableToBanksMember2019-01-012019-12-310000845877us-gaap:MediumTermNotesMember2019-12-310000845877us-gaap:MediumTermNotesMember2019-01-012019-12-310000845877us-gaap:LongTermDebtMember2019-12-310000845877us-gaap:DebtInstrumentRedemptionPeriodTwoMember2019-12-310000845877us-gaap:DebtInstrumentRedemptionPeriodThreeMember2019-12-310000845877us-gaap:DebtInstrumentRedemptionPeriodFourMember2019-12-310000845877us-gaap:DebtInstrumentRedemptionPeriodFiveMember2019-12-310000845877agm:DebtInstrumentRedemptionAfterPeriodFiveMember2019-12-310000845877us-gaap:NotesPayableToBanksMember2019-01-012019-03-310000845877us-gaap:CallOptionMember2020-03-310000845877us-gaap:CallOptionMemberagm:DueYearTwoMember2020-03-310000845877us-gaap:CallOptionMemberagm:DueYearThreeMember2020-03-310000845877us-gaap:CallOptionMemberagm:DueYearFourMember2020-03-310000845877us-gaap:CallOptionMemberagm:DueYearFiveMember2020-03-310000845877agm:DueAfterFiveYearsMemberus-gaap:CallOptionMember2020-03-310000845877agm:DueWithinOneYearMember2020-03-310000845877agm:DueYearTwoMember2020-03-310000845877agm:DueYearThreeMember2020-03-310000845877agm:DueYearFourMember2020-03-310000845877agm:DueYearFiveMember2020-03-310000845877agm:DueAfterFiveYearsMember2020-03-3100008458772019-04-012019-06-3000008458772019-10-012019-12-3100008458772019-07-012019-09-300000845877us-gaap:CommonClassCMember2015-09-300000845877us-gaap:CommonClassCMember2019-03-140000845877us-gaap:CommonClassCMember2015-09-302020-03-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877us-gaap:FairValueInputsLevel1Memberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877agm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877agm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877agm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2020-03-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-03-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-03-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000845877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000845877us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000845877us-gaap:FairValueMeasurementsRecurringMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberagm:InstitutionalCreditMemberMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-03-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877us-gaap:FairValueInputsLevel3Member2020-03-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877us-gaap:FairValueMeasurementsRecurringMemberagm:FloatingInterestRateMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877us-gaap:FairValueInputsLevel1Memberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877agm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877agm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877agm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000845877us-gaap:USTreasurySecuritiesMemberagm:FixedInterestRateMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberagm:InstitutionalCreditMemberMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877us-gaap:FairValueMeasurementsRecurringMember2019-12-310000845877us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877us-gaap:FairValueInputsLevel3Member2019-12-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2020-01-012020-03-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-12-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2020-01-012020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-03-310000845877agm:USDAGuaranteesMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-01-012020-03-310000845877agm:USDAGuaranteesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-01-012020-03-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2018-12-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2019-01-012019-03-310000845877us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:FloatingInterestRateMember2019-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2018-12-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2018-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2019-01-012019-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2019-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2018-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-03-310000845877agm:USDAGuaranteesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2018-12-310000845877agm:USDAGuaranteesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-03-310000845877agm:USDAGuaranteesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-03-310000845877agm:USDAGuaranteesMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000845877agm:USDAGuaranteesMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-03-310000845877agm:USDAGuaranteesMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-03-310000845877agm:USDAGuaranteesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2018-12-310000845877agm:USDAGuaranteesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-01-012019-03-310000845877agm:USDAGuaranteesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-03-310000845877us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000845877us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-01-012019-03-310000845877us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AuctionRateSecuritiesMemberagm:FloatingInterestRateMember2020-03-310000845877us-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AuctionRateSecuritiesMembersrt:MinimumMemberagm:MeasurementInputRangeOfBrokerQuotesMember2020-03-310000845877srt:MaximumMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AuctionRateSecuritiesMemberagm:MeasurementInputRangeOfBrokerQuotesMember2020-03-310000845877srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AuctionRateSecuritiesMemberagm:MeasurementInputRangeOfBrokerQuotesMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:MeasurementInputDiscountRateMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:MeasurementInputDiscountRateMembersrt:MaximumMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:MeasurementInputDiscountRateMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2020-03-310000845877us-gaap:MeasurementInputDiscountRateMemberagm:USDAGuaranteesMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMembersrt:MinimumMember2020-03-310000845877us-gaap:MeasurementInputDiscountRateMemberagm:USDAGuaranteesMembersrt:MaximumMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877us-gaap:MeasurementInputDiscountRateMemberagm:USDAGuaranteesMemberus-gaap:CostApproachValuationTechniqueMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputConstantPrepaymentRateMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMembersrt:MinimumMember2020-03-310000845877agm:USDAGuaranteesMembersrt:MaximumMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputConstantPrepaymentRateMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:CostApproachValuationTechniqueMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputConstantPrepaymentRateMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-03-310000845877us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AuctionRateSecuritiesMemberagm:FloatingInterestRateMember2019-12-310000845877us-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AuctionRateSecuritiesMembersrt:MinimumMemberagm:MeasurementInputRangeOfBrokerQuotesMember2019-12-310000845877srt:MaximumMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AuctionRateSecuritiesMemberagm:MeasurementInputRangeOfBrokerQuotesMember2019-12-310000845877srt:WeightedAverageMemberus-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AuctionRateSecuritiesMemberagm:MeasurementInputRangeOfBrokerQuotesMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:MeasurementInputDiscountRateMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:MeasurementInputDiscountRateMembersrt:MaximumMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:MeasurementInputDiscountRateMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberagm:InstitutionalCreditMemberMember2019-12-310000845877us-gaap:MeasurementInputDiscountRateMemberagm:USDAGuaranteesMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMembersrt:MinimumMember2019-12-310000845877us-gaap:MeasurementInputDiscountRateMemberagm:USDAGuaranteesMembersrt:MaximumMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877us-gaap:MeasurementInputDiscountRateMemberagm:USDAGuaranteesMemberus-gaap:CostApproachValuationTechniqueMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputConstantPrepaymentRateMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMembersrt:MinimumMember2019-12-310000845877agm:USDAGuaranteesMembersrt:MaximumMemberus-gaap:CostApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputConstantPrepaymentRateMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877agm:USDAGuaranteesMemberus-gaap:CostApproachValuationTechniqueMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputConstantPrepaymentRateMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000845877us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000845877us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-03-310000845877us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000845877us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000845877us-gaap:DebtSecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-03-310000845877us-gaap:DebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000845877us-gaap:DebtSecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-03-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000845877us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000845877us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-03-310000845877us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-03-310000845877us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310000845877us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000845877agm:FarmRanchMemberus-gaap:OperatingSegmentsMember2020-01-012020-03-310000845877agm:USDAGuaranteesMemberus-gaap:OperatingSegmentsMember2020-01-012020-03-310000845877us-gaap:OperatingSegmentsMemberagm:RuralUtilitiesMember2020-01-012020-03-310000845877agm:InstitutionalCreditMemberMemberus-gaap:OperatingSegmentsMember2020-01-012020-03-310000845877us-gaap:CorporateNonSegmentMember2020-01-012020-03-310000845877us-gaap:MaterialReconcilingItemsMember2020-01-012020-03-310000845877agm:FarmRanchMemberus-gaap:OperatingSegmentsMember2020-03-310000845877agm:USDAGuaranteesMemberus-gaap:OperatingSegmentsMember2020-03-310000845877us-gaap:OperatingSegmentsMemberagm:RuralUtilitiesMember2020-03-310000845877agm:InstitutionalCreditMemberMemberus-gaap:OperatingSegmentsMember2020-03-310000845877us-gaap:CorporateNonSegmentMember2020-03-310000845877us-gaap:MaterialReconcilingItemsMember2020-03-310000845877agm:FarmRanchMemberus-gaap:OperatingSegmentsMember2019-01-012019-03-310000845877agm:USDAGuaranteesMemberus-gaap:OperatingSegmentsMember2019-01-012019-03-310000845877us-gaap:OperatingSegmentsMemberagm:RuralUtilitiesMember2019-01-012019-03-310000845877agm:InstitutionalCreditMemberMemberus-gaap:OperatingSegmentsMember2019-01-012019-03-310000845877us-gaap:CorporateNonSegmentMember2019-01-012019-03-310000845877us-gaap:MaterialReconcilingItemsMember2019-01-012019-03-310000845877agm:FarmRanchMemberus-gaap:OperatingSegmentsMember2019-03-310000845877agm:USDAGuaranteesMemberus-gaap:OperatingSegmentsMember2019-03-310000845877us-gaap:OperatingSegmentsMemberagm:RuralUtilitiesMember2019-03-310000845877agm:InstitutionalCreditMemberMemberus-gaap:OperatingSegmentsMember2019-03-310000845877us-gaap:CorporateNonSegmentMember2019-03-310000845877us-gaap:MaterialReconcilingItemsMember2019-03-31

As filed with the Securities and Exchange Commission on May 11, 2020

(202)			872-7700
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(g) of the Act: Class B voting common stock

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes        o                                No          x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes        o                                No           x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes        ☒                              No           ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes        ☒                               No          ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.  (Check one):

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes         ☐                               No           ☒

As of April 30, 2020, the registrant had outstanding 1,030,780 shares of Class A voting common stock, 500,301 shares of Class B voting common stock, and 9,197,805 shares of Class C non-voting common stock.

Table of Contents

PART I									4
Item 1.			Financial Statements			4
			Consolidated Balance Sheets			4
			Consolidated Statements of Operations			5
			Consolidated Statements of Comprehensive Income			6
			Consolidated Statements of Equity			7
			Consolidated Statements of Cash Flows			8
			Notes to Consolidated Financial Statements			9
Item 2.			Management's Discussion and Analysis of Financial Condition and Results of Operations			51
			Forward-Looking Statements			51
			Overview			52
			Use of Non-GAAP Measures			59
			Results of Operations			60
			Outlook			74
			Balance Sheet Review			79
			Risk Management			80
			Liquidity and Capital Resources			97
			Regulatory Matters			98
			Other Matters			99
			Supplemental Information			100
Item 3.			Quantitative and Qualitative Disclosures About Market Risk			105
Item 4.			Controls and Procedures			105
PART II									106
Item 1.			Legal Proceedings			106
Item 1A.			Risk Factors			106
Item 2.			Unregistered Sales of Equity Securities and Use of Proceeds			112
Item 3.			Default Upon Senior Securities			112
Item 4.			Mine Safety Disclosures			112
Item 5.			Other Information			112
Item 6.			Exhibits			113
Signatures						114