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)

v3.4.0.3

Borrowings - Summary of Mortgage Note Payable and Line of Credit (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Dec. 05, 2014	May. 09, 2014
Debt Instrument [Line Items]
Principal Outstanding	$ 160,776,919	$ 142,733,157
Undrawn Commitment	$ 60,576,806	78,723,806
MetLife Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Issuer	MetLife
Date(s) of Issuance	May 09, 2014
Initial Commitment Amount	$ 100,000,000			$ 100,000,000
Maturity Date	Jan. 05, 2029
Principal Outstanding	$ 87,470,194	$ 87,470,194
Stated Interest Rate	3.35%	3.35%
Undrawn Commitment	$ 12,529,806	$ 12,529,806
MetLife Line of Credit [Member]
Debt Instrument [Line Items]
Issuer	MetLife
Date(s) of Issuance	May 09, 2014
Initial Commitment Amount	$ 25,000,000			$ 25,000,000
Maturity Date	Apr. 05, 2024
Principal Outstanding	$ 2,800,000	$ 100,000
Stated Interest Rate	2.86%	2.58%
Undrawn Commitment	$ 22,200,000	$ 24,900,000
Farm Credit CFL Mortgage Notes Payable [Member]
Debt Instrument [Line Items]
Issuer	Farm Credit CFL
Dates of Issuance, Start	Sep. 19, 2014
Dates of Issuance, End	Nov. 02, 2015
Initial Commitment Amount	$ 22,185,880
Maturity Date	Apr. 04, 2031
Principal Outstanding	$ 21,353,725	$ 21,456,963
Stated Interest Rate	3.42%	3.42%
Farmer Mac Bonds Payable [Member]
Debt Instrument [Line Items]
Issuer	Farmer Mac
Date(s) of Issuance	Dec. 11, 2014
Initial Commitment Amount	$ 75,000,000		$ 75,000,000
Maturity Date	Sep. 12, 2020
Principal Outstanding	$ 49,153,000	$ 33,706,000
Stated Interest Rate	2.93%	2.87%
Undrawn Commitment	$ 25,847,000	$ 41,294,000

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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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