Gladstone Land Corporation Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Future minimum lease payments due under the terms of these leases as of December 31, 2018, are as follows (dollars in thousands):



For the Years Ended December 31,	Estimated Minimum Lease Payments Due⁽¹⁾
2019	$	47
2020	47
2021	47
2022	30
2023	30
Thereafter	31
	$	232


⁽¹⁾	Annual lease payments are set at the beginning of each year to then-current market rates (as determined by the State of Arizona). The amounts shown above represent estimated amounts based on the lease rates currently in place .