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 - Additional Information (Details)

v3.20.1

Borrowings - Additional Information (Details)	3 Months Ended		12 Months Ended
Borrowings - Additional Information (Details)	Mar. 31, 2020 USD ($) debt_instrument Agreement	Mar. 31, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 05, 2014 USD ($)
Debt Instrument [Line Items]
Net cost basis	$ 801,510,000
Other income	1,324,000	$ 826,000
Borrowings under lines of credit	100,000		$ 100,000
Borrowings
Debt Instrument [Line Items]
Net cost basis	$ 794,000,000
Weighted average interest rate	3.98%	3.93%
Farm Credit Notes Payable
Debt Instrument [Line Items]
Interest rate, increase (decrease)			(20.40%)
Basis spread on variable rate, increase (decrease)	(0.98%)
Number of loan agreements \| Agreement	10
Other income	$ 1,300,000
MetLife Facility
Debt Instrument [Line Items]
Face amount of debt			$ 200,000,000
Maximum borrowing capacity			75,000,000
MetLife Facility \| Notes and bonds payables
Debt Instrument [Line Items]
Face amount of debt	75,000,000
Undrawn commitment	75,000,000		$ 21,530,000
Mortgage notes and bonds payable \| Notes and bonds payables
Debt Instrument [Line Items]
Fair value amount	481,300,000
Secured debt	480,600,000
Short Term Mortgage Notes And Bonds Payable \| Notes and bonds payables
Debt Instrument [Line Items]
Borrowings under lines of credit	$ 100,000
Farmer Mac Bonds Payable
Debt Instrument [Line Items]
Face amount of debt				$ 125,000,000
Farmer Mac Bonds Payable Issued in Current Period
Debt Instrument [Line Items]
Number of bonds \| debt_instrument	1
Extinguishment of debt, amount	$ 8,100,000

- Definition

Debt Instrument, Basis Spread on Variable Rate, Increase (Decrease)

+ References

No definition available.

+ Details

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- Definition

Debt instrument weighted average interest rate.

+ References

No definition available.

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- Definition

Debt Instruments, Number of Debt Instruments Issued

+ References

No definition available.

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- Definition

Number of Loan Agreements

+ References

No definition available.

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- Definition

Amount after accumulated depreciation of real estate and intangible assets held for investment for entities with a substantial portion of business acquiring and holding investment real estate.

+ References

No definition available.

+ Details

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- Definition

Face (par) amount of debt instrument at time of issuance.

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- Definition

Incremental percentage increase (decrease) in the stated rate on a debt instrument.

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No definition available.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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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.

+ References

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- Definition

Gross amount of debt extinguished.

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No definition available.

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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- Definition

The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.

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- Definition

Amount of income related to nonoperating activities, classified as other.

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Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.

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