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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Borrowings - Summary of Mortgage Note Payable and Line of Credit (Detail)

v3.3.0.814

Borrowings - Summary of Mortgage Note Payable and Line of Credit (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 03, 2015	Aug. 20, 2015	Jun. 25, 2015	Jan. 05, 2015	Dec. 31, 2014	May. 09, 2014
Debt Instrument [Line Items]
Principal Outstanding	$ 140,085,394					$ 86,417,361
Undrawn Commitment	$ 77,714,806					125,993,002
MetLife Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Issuer	MetLife
Date(s) of Issuance	May 09, 2014
Initial Commitment	$ 100,000,000						$ 100,000,000
Maturity Date	Jan. 05, 2029
Principal Outstanding	$ 87,470,194					$ 66,331,998
Stated Interest Rate	3.35%	3.35%				3.61%	3.50%
Undrawn Commitment	$ 12,529,806					$ 33,668,002
Metlife Line of Credit [Member]
Debt Instrument [Line Items]
Issuer	MetLife
Date(s) of Issuance	May 09, 2014
Initial Commitment	$ 25,000,000						$ 25,000,000
Maturity Date	Apr. 05, 2024
Principal Outstanding	$ 5,000,000					$ 4,000,000
Stated Interest Rate	2.58%					2.75%
Undrawn Commitment	$ 20,000,000					$ 21,000,000
Farm Credit Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Issuer	Farm Credit
Dates of Issuance, Start	Sep. 19, 2014
Dates of Issuance, End	May 08, 2015
Initial Commitment	$ 18,425,880
Maturity Date, Start	May 01, 2020
Maturity Date, End	Aug. 01, 2034
Principal Outstanding	$ 17,800,200					$ 12,410,363
Stated Interest Rate	3.38%					3.53%
Farmer Mac Bonds Payable [Member]
Debt Instrument [Line Items]
Issuer	Farmer Mac
Date(s) of Issuance	Dec. 11, 2014
Initial Commitment	$ 75,000,000
Maturity Date, Start	Jul. 30, 2018
Maturity Date, End	Jan. 06, 2020
Principal Outstanding	$ 29,815,000					$ 3,675,000
Stated Interest Rate	2.85%		2.38%	2.60%	3.25%	3.25%
Undrawn Commitment	$ 45,185,000					$ 71,325,000

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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.

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