Annual report pursuant to Section 13 and 15(d)

REAL ESTATE AND INTANGIBLE ASSETS - Narrative (Details)

v3.25.0.1
REAL ESTATE AND INTANGIBLE ASSETS - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2024
USD ($)
a
property
farm
Jan. 31, 2024
USD ($)
a
Jun. 30, 2023
USD ($)
a
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
a
property
farm
Dec. 31, 2023
USD ($)
a
property
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
a
contract
Mar. 05, 2024
Jan. 31, 2023
USD ($)
Real Estate Properties [Line Items]                    
Number of farms | farm         157          
Depreciation         $ 34,000 $ 36,100 $ 34,300      
Accretion of below-market leases         $ 511 172 178      
Total Acres | a 111,190       111,190          
Gain (loss) on dispositions of real estate assets, net         $ 5,886 5,208 (3,760)      
Impairment charge         2,106 0 0      
Real estate and related assets held for sale, net $ 46,314       $ 46,314 $ 53,626        
Area of water | a 55,387       55,387 46,400        
Water assets, fair value $ 36,900       $ 36,900 $ 34,600        
Other operating revenue         453 79 0      
Development in process $ 1,400       $ 1,400          
Development in process, number of farms | farm 2       2          
Development in process, deferred $ 3,300       $ 3,300          
Lease revenue, net         $ 84,763 $ 90,319 89,236      
Number of impaired properties | property 4       4          
Held for Sale                    
Real Estate Properties [Line Items]                    
Number of farms | farm         7          
Number of properties held for sale | property         3 1        
Lease intangibles                    
Real Estate Properties [Line Items]                    
Amortization (accretion) of intangible assets         $ 1,100 $ 1,000 1,000      
Above-market lease values and lease incentives                    
Real Estate Properties [Line Items]                    
Amortization (accretion) of intangible assets         77 77 37      
Lease Incentives and Other Deferred Revenue                    
Real Estate Properties [Line Items]                    
Amortization (accretion) of intangible assets         2,500 629 (341)      
Fresno LLC and Umatilla LLC Farmland Acquisition                    
Real Estate Properties [Line Items]                    
Asset acquisition, pro forma information, earnings or loss of acquiree since acquisition date, actual         $ 60 59 $ 73      
Loss from Catastrophes                    
Real Estate Properties [Line Items]                    
Loss contingency, estimate of possible loss                   $ 855
Hurricane                    
Real Estate Properties [Line Items]                    
Loss contingency, estimate of possible loss       $ 275            
Other Various Water Agreements                    
Real Estate Properties [Line Items]                    
Area of water | a 4,419       4,419          
Water assets, fair value $ 653       $ 653          
Fresno, California And Umatilla, Oregon                    
Real Estate Properties [Line Items]                    
LLC ownership value $ 5,700       $ 5,700 5,800        
Fresno, California                    
Real Estate Properties [Line Items]                    
LLC ownership, percent         50.00%          
Umatilla, Oregon                    
Real Estate Properties [Line Items]                    
LLC ownership, percent         20.50%          
Farms                    
Real Estate Properties [Line Items]                    
Number of impaired properties | property 11       11          
Florida                    
Real Estate Properties [Line Items]                    
Number of farms | farm         25          
Total Acres | a 18,720   138   18,720          
Sale of unfarmed land     $ 9,600              
Gain (loss) on dispositions of real estate assets, net     $ 6,400              
Area of water | a 0       0          
Lease revenue, net         $ 12,100          
Percent of total lease revenue         14.20%          
Florida | Disposed of by Sale                    
Real Estate Properties [Line Items]                    
Total Acres | a   3,748                
Sale of unfarmed land   $ 65,700                
Gain (loss) on dispositions of real estate assets, net   $ 10,400                
Florida | Held for Sale                    
Real Estate Properties [Line Items]                    
Number of farms | farm         5          
Number of properties held for sale | property         1          
Real estate and related assets held for sale, net $ 36,300       $ 36,300 $ 53,600        
Michigan                    
Real Estate Properties [Line Items]                    
Number of farms | farm         12          
Total Acres | a 1,245       1,245          
Area of water | a 0       0          
Michigan | Disposed of by Sale                    
Real Estate Properties [Line Items]                    
Number of farms | farm 11                  
Total Acres | a 647       647          
Sale of unfarmed land $ 5,000       $ 5,000          
Gain (loss) on dispositions of real estate assets, net $ (432)                  
Impairment charge       $ 2,100            
Nebraska                    
Real Estate Properties [Line Items]                    
Number of farms | farm         9          
Total Acres | a 7,782       7,782          
Area of water | a 0       0          
Nebraska | Held for Sale                    
Real Estate Properties [Line Items]                    
Number of farms | farm         2          
Number of properties held for sale | property         2          
Real estate and related assets held for sale, net $ 10,000       $ 10,000          
Kern, California                    
Real Estate Properties [Line Items]                    
Water assets, fair value $ 35,500       $ 35,500          
Kern, California | 2022 Real Estate Activity                    
Real Estate Properties [Line Items]                    
Number of contracts to purchase banked water | contract               3    
Area of water | a               45,000    
Payments to acquire water systems               $ 2,800    
Fresno, CA                    
Real Estate Properties [Line Items]                    
Area of water | a 7,078       7,078          
Water assets, fair value $ 753       $ 753          
Groundwater recharge program, percentage of groundwater credits 50.00%       50.00%       50.00%  
Water credits obtained | a         2,660          
Fresno, CA | Westlands Water District                    
Real Estate Properties [Line Items]                    
Groundwater recharge program, percentage of groundwater credits                 50.00%  
California                    
Real Estate Properties [Line Items]                    
Number of farms | farm         63          
Total Acres | a 34,845       34,845          
Area of water | a 55,387       55,387          
Lease revenue, net         $ 58,100          
Percent of total lease revenue         68.50%