Real Estate and Intangible Assets - Summary Information of Farms (Detail)
|
|
3 Months Ended |
|
Mar. 31, 2016
USD ($)
a
Farm
|
Mar. 31, 2016
USD ($)
a
Farm
|
Mar. 31, 2015
USD ($)
a
Farm
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of Farms | Farm |
46
|
46
|
34
|
| Total Acres | a |
23,003
|
23,003
|
8,789
|
| Farm Acres | a |
17,953
|
17,953
|
|
| Net Cost Basis |
$ 250,895,407
|
$ 250,895,407
|
|
| Encumbrances |
$ 160,776,919
|
$ 160,776,919
|
|
| Number of Farms | Farm |
|
3
|
2
|
| 2015 New Real Estate Activity [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Total Acreage | a |
|
|
750
|
| Number of Farms | Farm |
|
|
2
|
| Total Purchase Price |
|
|
$ 20,818,780
|
| Acquisition Costs |
|
|
193,495
|
| Annualized Straight-line Rent |
|
|
$ 1,030,174
|
| San Andreas [Member] | Watsonville, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jun. 16, 1997
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
307
|
307
|
|
| Farm Acres | a |
238
|
238
|
|
| Lease Expiration Date |
|
Dec. 31, 2020
|
|
| Net Cost Basis |
$ 4,776,750
|
$ 4,776,750
|
|
| Encumbrances |
$ 4,816,404
|
$ 4,816,404
|
|
| West Gonzales [Member] | Oxnard, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Sep. 15, 1998
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
653
|
653
|
|
| Farm Acres | a |
502
|
502
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
$ 12,142,787
|
$ 12,142,787
|
|
| Encumbrances |
$ 24,504,485
|
$ 24,504,485
|
|
| West Beach [Member] | Watsonville, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jan. 03, 2011
|
|
| Number of Farms | Farm |
|
3
|
|
| Total Acres | a |
196
|
196
|
|
| Farm Acres | a |
195
|
195
|
|
| Lease Expiration Date |
|
Dec. 31, 2023
|
|
| Net Cost Basis |
$ 9,292,113
|
$ 9,292,113
|
|
| Encumbrances |
$ 4,691,842
|
$ 4,691,842
|
|
| Dalton Lane [Member] | Watsonville, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jul. 07, 2011
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
72
|
72
|
|
| Farm Acres | a |
70
|
70
|
|
| Lease Expiration Date |
|
Oct. 31, 2020
|
|
| Net Cost Basis |
$ 2,681,288
|
$ 2,681,288
|
|
| Encumbrances |
$ 1,554,536
|
$ 1,554,536
|
|
| Keysville Road [Member] | Plant City, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Oct. 26, 2011
|
|
| Number of Farms | Farm |
|
2
|
|
| Total Acres | a |
61
|
61
|
|
| Farm Acres | a |
56
|
56
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
$ 1,240,187
|
$ 1,240,187
|
|
| Encumbrances |
$ 897,600
|
$ 897,600
|
|
| Colding Loop [Member] | Wimauma, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Aug. 09, 2012
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
219
|
219
|
|
| Farm Acres | a |
181
|
181
|
|
| Lease Expiration Date |
|
Jun. 14, 2018
|
|
| Net Cost Basis |
$ 3,929,122
|
$ 3,929,122
|
|
| Encumbrances |
$ 2,640,000
|
$ 2,640,000
|
|
| Trapnell Road [Member] | Plant City, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Sep. 12, 2012
|
|
| Number of Farms | Farm |
|
3
|
|
| Total Acres | a |
124
|
124
|
|
| Farm Acres | a |
110
|
110
|
|
| Lease Expiration Date |
|
Jun. 30, 2017
|
|
| Net Cost Basis |
$ 3,903,277
|
$ 3,903,277
|
|
| Encumbrances |
$ 2,522,250
|
$ 2,522,250
|
|
| 38th Avenue [Member] | Covert, MI [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Apr. 05, 2013
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
119
|
119
|
|
| Farm Acres | a |
89
|
89
|
|
| Lease Expiration Date |
|
Apr. 04, 2020
|
|
| Net Cost Basis |
$ 1,265,366
|
$ 1,265,366
|
|
| Encumbrances |
$ 742,391
|
$ 742,391
|
|
| Sequoia Street [Member] | Brooks, OR [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
May 31, 2013
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
218
|
218
|
|
| Farm Acres | a |
206
|
206
|
|
| Lease Expiration Date |
|
May 31, 2028
|
|
| Net Cost Basis |
$ 3,100,817
|
$ 3,100,817
|
|
| Encumbrances |
$ 1,716,191
|
$ 1,716,191
|
|
| Natividad Road [Member] | Salinas, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Oct. 21, 2013
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
166
|
166
|
|
| Farm Acres | a |
166
|
166
|
|
| Lease Expiration Date |
|
Oct. 31, 2024
|
|
| Net Cost Basis |
$ 8,846,432
|
$ 8,846,432
|
|
| Encumbrances |
$ 3,875,268
|
$ 3,875,268
|
|
| 20th Avenue [Member] | South Haven, MI [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Nov. 05, 2013
|
|
| Number of Farms | Farm |
|
3
|
|
| Total Acres | a |
151
|
151
|
|
| Farm Acres | a |
94
|
94
|
|
| Lease Expiration Date |
|
Nov. 04, 2018
|
|
| Net Cost Basis |
$ 1,871,211
|
$ 1,871,211
|
|
| Encumbrances |
$ 1,107,219
|
$ 1,107,219
|
|
| Broadway Road [Member] | Moorpark, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Dec. 16, 2013
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
60
|
60
|
|
| Farm Acres | a |
46
|
46
|
|
| Lease Expiration Date |
|
Dec. 15, 2023
|
|
| Net Cost Basis |
$ 2,878,356
|
$ 2,878,356
|
|
| Encumbrances |
$ 1,660,829
|
$ 1,660,829
|
|
| Oregon Trail [Member] | Echo, OR [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Dec. 27, 2013
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
1,895
|
1,895
|
|
| Farm Acres | a |
1,640
|
1,640
|
|
| Lease Expiration Date |
|
Dec. 31, 2023
|
|
| Net Cost Basis |
$ 13,898,699
|
$ 13,898,699
|
|
| Encumbrances |
$ 7,750,535
|
$ 7,750,535
|
|
| East Shelton [Member] | Willcox, AZ [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Dec. 27, 2013
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
1,761
|
1,761
|
|
| Farm Acres | a |
1,320
|
1,320
|
|
| Lease Expiration Date |
|
Feb. 29, 2024
|
|
| Net Cost Basis |
$ 7,827,371
|
$ 7,827,371
|
|
| Encumbrances |
$ 3,709,185
|
$ 3,709,185
|
|
| Collins Road [Member] | Clatskanie, OR [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
May 30, 2014
|
|
| Number of Farms | Farm |
|
2
|
|
| Total Acres | a |
200
|
200
|
|
| Farm Acres | a |
157
|
157
|
|
| Lease Expiration Date |
|
Sep. 30, 2024
|
|
| Net Cost Basis |
$ 2,396,272
|
$ 2,396,272
|
|
| Encumbrances |
$ 1,494,746
|
$ 1,494,746
|
|
| Spring Valley [Member] | Watsonville, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jun. 13, 2014
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
145
|
145
|
|
| Farm Acres | a |
110
|
110
|
|
| Lease Expiration Date |
|
Sep. 30, 2022
|
|
| Net Cost Basis |
$ 5,761,971
|
$ 5,761,971
|
|
| Encumbrances |
$ 3,266,297
|
$ 3,266,297
|
|
| McIntosh Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2019
|
|
| McIntosh Road [Member] | Dover, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jun. 20, 2014
|
|
| Number of Farms | Farm |
|
2
|
|
| Total Acres | a |
94
|
94
|
|
| Farm Acres | a |
78
|
78
|
|
| Lease Expiration Date |
|
Jun. 30, 2019
|
|
| Net Cost Basis |
$ 2,464,544
|
$ 2,464,544
|
|
| Encumbrances |
$ 1,519,620
|
$ 1,519,620
|
|
| Naumann Road [Member] | Oxnard, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jul. 23, 2014
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
68
|
68
|
|
| Farm Acres | a |
66
|
66
|
|
| Lease Expiration Date |
|
Jul. 31, 2017
|
|
| Net Cost Basis |
$ 6,799,261
|
$ 6,799,261
|
|
| Encumbrances |
$ 3,814,369
|
$ 3,814,369
|
|
| Sycamore Road [Member] | Arvin, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jul. 25, 2014
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
326
|
326
|
|
| Farm Acres | a |
322
|
322
|
|
| Lease Expiration Date |
|
Oct. 31, 2024
|
|
| Net Cost Basis |
$ 6,868,186
|
$ 6,868,186
|
|
| Encumbrances |
$ 3,210,936
|
$ 3,210,936
|
|
| Wauchula Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Farm Acres | a |
590
|
590
|
|
| Wauchula Road [Member] | Duette, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Sep. 29, 2014
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
808
|
808
|
|
| Farm Acres | a |
590
|
590
|
|
| Lease Expiration Date |
|
Sep. 30, 2024
|
|
| Net Cost Basis |
$ 13,713,300
|
$ 13,713,300
|
|
| Encumbrances |
$ 7,639,575
|
$ 7,639,575
|
|
| Santa Clara Avenue [Member] | Oxnard, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Oct. 29, 2014
|
|
| Number of Farms | Farm |
|
2
|
|
| Total Acres | a |
333
|
333
|
|
| Farm Acres | a |
331
|
331
|
|
| Lease Expiration Date |
|
Jul. 31, 2017
|
|
| Net Cost Basis |
$ 24,206,436
|
$ 24,206,436
|
|
| Encumbrances |
$ 13,840,241
|
$ 13,840,241
|
|
| Dufau Road [Member] | Oxnard, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Nov. 04, 2014
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
65
|
65
|
|
| Farm Acres | a |
64
|
64
|
|
| Lease Expiration Date |
|
Nov. 03, 2017
|
|
| Net Cost Basis |
$ 6,046,279
|
$ 6,046,279
|
|
| Encumbrances |
$ 3,675,000
|
$ 3,675,000
|
|
| Espinosa Road [Member] | Salinas, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jan. 05, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
331
|
331
|
|
| Farm Acres | a |
329
|
329
|
|
| Lease Expiration Date |
|
Oct. 31, 2016
|
|
| Net Cost Basis |
$ 16,450,268
|
$ 16,450,268
|
|
| Encumbrances |
$ 10,178,000
|
$ 10,178,000
|
|
| Espinosa Road [Member] | 2015 New Real Estate Activity [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Jan. 05, 2015
|
| Espinosa Road [Member] | 2015 New Real Estate Activity [Member] | Salinas, CA [Member] | Strawberries [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Jan. 05, 2015
|
| Total Acreage | a |
|
|
331
|
| Number of Farms | Farm |
|
|
1
|
| Lease Term |
|
|
1 year 9 months 18 days
|
| Total Purchase Price |
|
|
$ 16,905,500
|
| Acquisition Costs |
|
|
89,885
|
| Annualized Straight-line Rent |
|
|
$ 778,342
|
| Parrish Road [Member] | Duette, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Mar. 10, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
419
|
419
|
|
| Farm Acres | a |
412
|
412
|
|
| Lease Expiration Date |
|
Jun. 30, 2025
|
|
| Net Cost Basis |
$ 4,235,980
|
$ 4,235,980
|
|
| Encumbrances |
$ 2,374,680
|
$ 2,374,680
|
|
| Parrish Road [Member] | 2015 New Real Estate Activity [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Mar. 10, 2015
|
| Parrish Road [Member] | 2015 New Real Estate Activity [Member] | Duette, FL [Member] | Strawberries [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Mar. 10, 2015
|
| Total Acreage | a |
|
|
419
|
| Number of Farms | Farm |
|
|
1
|
| Lease Term |
|
|
10 years 3 months 18 days
|
| Renewal Options |
|
|
5 years
|
| Total Purchase Price |
|
|
$ 3,913,280
|
| Acquisition Costs |
|
|
103,610
|
| Annualized Straight-line Rent |
|
|
$ 251,832
|
| Immokalee Exchange [Member] | Immokalee, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jun. 25, 2015
|
|
| Number of Farms | Farm |
|
2
|
|
| Total Acres | a |
2,678
|
2,678
|
|
| Farm Acres | a |
1,644
|
1,644
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
$ 15,585,280
|
$ 15,585,280
|
|
| Encumbrances |
$ 9,360,000
|
$ 9,360,000
|
|
| Holt County [Member] | Stuart, NE [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Aug. 20, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
1,276
|
1,276
|
|
| Farm Acres | a |
1,052
|
1,052
|
|
| Lease Expiration Date |
|
Dec. 31, 2018
|
|
| Net Cost Basis |
$ 5,460,180
|
$ 5,460,180
|
|
| Encumbrances |
$ 3,301,000
|
$ 3,301,000
|
|
| Rock County [Member] | Bassett, NE [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Aug. 20, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
1,283
|
1,283
|
|
| Farm Acres | a |
1,049
|
1,049
|
|
| Lease Expiration Date |
|
Dec. 31, 2018
|
|
| Net Cost Basis |
$ 5,450,906
|
$ 5,450,906
|
|
| Encumbrances |
$ 3,301,000
|
$ 3,301,000
|
|
| Bear Mountain [Member] | Arvin, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Sep. 03, 2015
|
|
| Number of Farms | Farm |
|
3
|
|
| Total Acres | a |
854
|
854
|
|
| Farm Acres | a |
841
|
841
|
|
| Lease Expiration Date |
|
Jan. 09, 2031
|
|
| Net Cost Basis |
$ 22,656,128
|
$ 22,656,128
|
|
| Encumbrances |
$ 8,514,720
|
$ 8,514,720
|
|
| Corbitt Road [Member] | Immokalee, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Nov. 02, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
691
|
691
|
|
| Farm Acres | a |
390
|
390
|
|
| Lease Expiration Date |
|
Dec. 31, 2021
|
|
| Net Cost Basis |
$ 3,800,181
|
$ 3,800,181
|
|
| Encumbrances |
$ 3,760,000
|
$ 3,760,000
|
|
| Reagan Road [Member] | Willcox, AZ [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Dec. 22, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
1,239
|
1,239
|
|
| Farm Acres | a |
875
|
875
|
|
| Lease Expiration Date |
|
Dec. 31, 2025
|
|
| Net Cost Basis |
$ 5,708,898
|
$ 5,708,898
|
|
| Encumbrances |
$ 3,807,000
|
$ 3,807,000
|
|
| Gunbarrel Road [Member] | Alamosa CO [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Mar. 03, 2016
|
|
| Number of Farms | Farm |
|
3
|
|
| Total Acres | a |
6,191
|
6,191
|
|
| Farm Acres | a |
4,730
|
4,730
|
|
| Lease Expiration Date |
|
Feb. 28, 2021
|
|
| Net Cost Basis |
$ 25,637,561
|
$ 25,637,561
|
|
| Encumbrances |
15,531,000
|
$ 15,531,000
|
|
| Gunbarrel Road [Member] | 2016 New Real Estate Activity [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Mar. 03, 2016
|
|
| Gunbarrel Road [Member] | 2016 New Real Estate Activity [Member] | Alamosa CO [Member] | Potatoes [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Mar. 03, 2016
|
|
| Total Acreage | a |
|
6,191
|
|
| Number of Farms | Farm |
|
3
|
|
| Lease Term |
|
5 years
|
|
| Renewal Options |
|
5 years
|
|
| Total Purchase Price |
|
$ 25,735,815
|
|
| Acquisition Costs |
88,889
|
88,889
|
|
| Annualized Straight-line Rent |
|
1,590,614
|
|
| Long-term Debt Issued |
$ 15,531,000
|
$ 15,531,000
|
|