Mortgage Notes Payable and Lines of Credit (Details Textual) (USD $)
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1 Months Ended | 3 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 3 Months Ended | |||||||||
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May 31, 2012
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Mar. 31, 2013
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Mar. 31, 2012
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Dec. 31, 2012
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Mar. 31, 2013
Notes Payable to Banks [Member]
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Mar. 31, 2013
MetLife [Member]
Line of Credit [Member]
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Dec. 31, 2012
MetLife [Member]
Line of Credit [Member]
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May 31, 2012
MetLife [Member]
Line of Credit [Member]
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Dec. 31, 2012
MetLife [Member]
Notes Payable to Banks [Member]
Disbursement
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Dec. 31, 2011
MetLife [Member]
Notes Payable to Banks [Member]
Disbursement
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Mar. 31, 2013
MetLife [Member]
Notes Payable to Banks [Member]
Adjustment
Disbursement
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Jan. 05, 2012
MetLife [Member]
Notes Payable to Banks [Member]
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Dec. 30, 2010
MetLife [Member]
Notes Payable to Banks [Member]
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Mar. 31, 2013
Agrifinance [Member]
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Nov. 30, 2002
Agrifinance [Member]
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Mortgage Notes Payable and Lines of Credit (Textual) [Abstract] | |||||||||||||||
Unamortized deferred financing costs | $ 36,031 | ||||||||||||||
Unamortized deferred financing fees written off | 7,404 | 4,957 | |||||||||||||
Amount borrowed into a long-term note payable | 29,489,165 | 4,785,000 | 4,800,000 | 45,200,000 | |||||||||||
Initial accrued interest rate | 3.31% | 3.35% | 3.50% | 3.50% | |||||||||||
Period for rate adjustment | 3 years | ||||||||||||||
Maximum borrowing capacity | 45,200,000 | ||||||||||||||
Initial accrued interest rate | 3.50% | ||||||||||||||
Maturity Date | Apr. 05, 2017 | Jan. 05, 2026 | |||||||||||||
Number of interest rate adjustments date | 4 | ||||||||||||||
Number of Disbursements | 3 | ||||||||||||||
Number of additional disbursements | 3 | ||||||||||||||
Disbursements drawn prior to the December 2012 amendment | 2 | ||||||||||||||
Commitment fee on undrawn amount | 20.00% | ||||||||||||||
Maximum number of disbursement after amendment under loan agreement | 3 | ||||||||||||||
Number of disbursement drawn after amendment drawn to date under loan agreement | 0 | ||||||||||||||
Outstanding under loan | 29,489,165 | 30,717,880 | 29,500,000 | ||||||||||||
Maximum amount under the remaining three disbursements | 13,600,000 | ||||||||||||||
Fair market value of the mortgage note payable | 30,700,000 | 29,500,000 | |||||||||||||
Number of remaining disbursements | 3 | ||||||||||||||
Revolving line of credit facility | 3,300,000 | ||||||||||||||
Credit facility maturity | Dec. 01, 2017 | ||||||||||||||
Mortgage Notes Payable and Lines of Credit (Additional Textual) [Abstract] | |||||||||||||||
Weighted average interest rate on borrowings | 3.62% | 3.65% | |||||||||||||
Interest rate charged | three-month LIBOR plus 3.00% | ||||||||||||||
Minimum annualized rate | 3.25% | ||||||||||||||
Availability of credit facility | 4,700,000 | 4,700,000 | |||||||||||||
Carrying values of our lines of credit | $ 100,000 | $ 100,000 |