v3.26.3
Long-Term Debt - Schedule of Long-term Debt Outstanding (Details) - USD ($)
$ in Thousands
Aug. 31, 2026
May 31, 2026
Long-term debt    
Total $ 28,461,438 $ 28,345,934
Total collateral trust bonds    
Long-term debt    
Long-term debt, gross 6,666,283 6,670,191
Unamortized premium (discount), net (136,326) (140,322)
Debt issuance costs (26,427) (27,466)
Total 6,503,530 6,502,403
Guaranteed Underwriter Program notes payable    
Long-term debt    
Total 5,284,047 5,338,722
Farmer Mac notes payable    
Long-term debt    
Total 3,866,451 3,911,993
Total secured notes payable    
Long-term debt    
Total 9,150,498 9,250,715
Total secured long-term debt    
Long-term debt    
Total 15,654,028 15,753,118
Medium-term notes sold through dealers    
Long-term debt    
Long-term debt, gross 12,422,738 12,242,476
Medium-term notes sold to members    
Long-term debt    
Long-term debt, gross 411,863 376,726
Medium-term notes sold through dealers and to members    
Long-term debt    
Long-term debt, gross 12,834,601 12,619,202
Debt issuance costs (27,192) (26,937)
Unamortized premium (discount), net 1 551
Total $ 12,807,410 $ 12,592,816