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GUARANTEES AND COMMITMENTS
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
GUARANTEES AND COMMITMENTS GUARANTEES AND COMMITMENTS
Farmer Mac has recorded a liability for its obligation to stand ready under Farmer Mac's long-term standby purchase commitments ("LTSPCs") in the guarantee and commitment obligation on the consolidated balance sheets. The following table presents Farmer Mac's liability, the maximum principal amount of potential undiscounted future payments that Farmer Mac could be requested to make under all LTSPCs (excluding offsets from recourse provisions, third-party recoveries, or loan collateral), the weighted-average remaining maturity of loans underlying LTSPCs, and the amount of the reserve for losses for the periods indicated:

Table 5.1
As of March 31, 2026As of December 31, 2025
(dollars in thousands)
Guarantee and commitment obligation
$49,327 $49,750 
Maximum principal amount5,158,838 4,997,829 
Weighted-average remaining maturity14.4 years14.4 years
Reserve for losses1,571 1,586