Gladstone Land Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- COVER
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

BORROWINGS - Additional Information (Details)

v3.22.1

BORROWINGS - Additional Information (Details)		3 Months Ended		12 Months Ended
BORROWINGS - Additional Information (Details)	Feb. 03, 2022 USD ($)	Mar. 31, 2022 USD ($) agreement	Mar. 31, 2021 USD ($)	Dec. 31, 2021 USD ($)	Feb. 25, 2022 USD ($)	Jan. 11, 2022 USD ($)	Feb. 20, 2020 USD ($)	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Net cost basis		$ 1,317,870,000
Basis spread on variable rate decrease				1.37%
Other income		2,767,000	$ 2,235,000
Borrowings under lines of credit		100,000		$ 100,000
Interest rate cash flow hedge expected to be reclassified in the next twelve months		204,000
Borrowings
Debt Instrument [Line Items]
Net cost basis		$ 1,300,000,000
Weighted average interest rate		3.72%	3.70%
Farm Credit Notes Payable
Debt Instrument [Line Items]
Interest rate decrease				29.90%
Number of loan agreements \| agreement		13
Other income		$ 2,800,000
MetLife Facility
Debt Instrument [Line Items]
Maximum borrowing capacity								$ 75,000,000
MetLife Facility \| Notes and bonds payables
Debt Instrument [Line Items]
Face amount of debt	$ 100,000,000						$ 75,000,000
MetLife Facility \| Notes and bonds payables \| Minimum
Debt Instrument [Line Items]
Undrawn amounts	0.10%	0.10%
MetLife Facility \| Notes and bonds payables \| Maximum
Debt Instrument [Line Items]
Undrawn amounts	0.20%	0.20%
Farmer Mac Facility
Debt Instrument [Line Items]
Face amount of debt		$ 225,000,000			$ 1,710,000	$ 1,980,000
Secured debt		81,400,000
Mortgage Notes and Bonds Payable \| Notes and bonds payables
Debt Instrument [Line Items]
Fair value amount		633,600,000
Secured debt		663,800,000
Short Term Mortgage Notes And Bonds Payable \| Notes and bonds payables
Debt Instrument [Line Items]
Borrowings under lines of credit		$ 100,000

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Debt Instrument, Basis Spread on Variable Rate, Increase (Decrease)

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Debt instrument weighted average interest rate.

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Number of Loan Agreements

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Amount after accumulated depreciation of real estate and intangible assets held for investment for entities with a substantial portion of business acquiring and holding investment real estate.

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Face (par) amount of debt instrument at time of issuance.

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The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.

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Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.

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