Borrowings - Summary of Mortgage Note Payable and Line of Credit (Detail) (USD $)
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3 Months Ended | ||
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Mar. 31, 2015
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Dec. 31, 2014
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May 09, 2014
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Debt Instrument [Line Items] | |||
Principal Outstanding | $ 106,666,803us-gaap_LongTermDebt | $ 86,417,361us-gaap_LongTermDebt | |
Undrawn Commitment | 108,015,002us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount | 125,993,002us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount | |
MetLife [Member] | |||
Debt Instrument [Line Items] | |||
Initial Commitment |
125,000,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember |
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MetLife [Member] | Mortgage Note Payable [Member] | |||
Debt Instrument [Line Items] | |||
Issuer | MetLife | ||
Dates of Issuance | May 09, 2014 | ||
Initial Commitment |
100,000,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
100,000,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
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Maturity Date | Jan. 05, 2029 | ||
Principal Outstanding |
66,331,998us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
66,331,998us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
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Stated Interest Rate |
3.61%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
3.61%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
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Undrawn Commitment |
33,668,002us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
33,668,002us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
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MetLife [Member] | Line of Credit [Member] | |||
Debt Instrument [Line Items] | |||
Issuer | MetLife | ||
Dates of Issuance | May 09, 2014 | ||
Initial Commitment |
25,000,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
25,000,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
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Maturity Date | Apr. 05, 2024 | ||
Principal Outstanding |
11,800,000us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
4,000,000us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
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Stated Interest Rate |
2.76%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
2.75%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
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Undrawn Commitment |
13,200,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
21,000,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
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Farm Credit [Member] | Mortgage Notes Payable [Member] | |||
Debt Instrument [Line Items] | |||
Issuer | Farm Credit | ||
Dates of Issuance, Start | Sep. 19, 2014 | ||
Dates of Issuance, End | Mar. 10, 2015 | ||
Initial Commitment |
14,888,280us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember |
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Maturity Date, Start | May 01, 2020 | ||
Maturity Date, End | Aug. 01, 2034 | ||
Principal Outstanding |
14,681,805us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember |
12,410,363us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember |
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Stated Interest Rate |
3.48%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember |
3.53%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember |
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Farmer Mac [Member] | Bond Payable [Member] | |||
Debt Instrument [Line Items] | |||
Issuer | Farmer Mac | ||
Dates of Issuance | Dec. 11, 2014 | ||
Initial Commitment |
75,000,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |
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Maturity Date, Start | Dec. 11, 2019 | ||
Maturity Date, End | Jan. 06, 2020 | ||
Principal Outstanding |
13,853,000us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |
3,675,000us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |
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Stated Interest Rate |
3.25%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |
3.25%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |
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Undrawn Commitment |
$ 61,147,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |
$ 71,325,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |
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Debt instrument issuance date range end. No definition available.
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Debt instrument issuance date range start. No definition available.
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- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Date the debt instrument was issued, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Identification of the contractual issuer of the debt instrument (for example, a subsidiary of the reporting entity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Latest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earliest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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