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

Quarterly report pursuant to Section 13 or 15(d)

Related-Party Transactions (Tables)

Related-Party Transactions (Tables)

3 Months Ended

Mar. 31, 2013

Related-Party Transactions [Abstract]

Summary of breakdown of management advisory fee


		For the Month Ended January 31, 2013				For the Three Months Ended March 31, 2012
Allocated payroll and benefits		$	38,668			$	32,224
Allocated overhead expenses			7,538				11,812

Total management advisory fee		$	46,206			$	44,036

Summary of breakdown of administration fee


		For the Month Ended January 31, 2013				For the Three Months Ended March 31, 2012
Allocated payroll and benefits		$	14,034			$	16,934
Allocated overhead expenses			4,498				5,871

Total administration fee		$	18,532			$	22,805

Details of amounts due to related parties on our accompanying Condensed Consolidated Balance Sheets


		March 31, 2013				December 31, 2012
Management fee due to Adviser		$	59,164			$	46,710
Incentive fee due to Adviser			41,037				—
Other due to Adviser⁽¹⁾			17,115				2,934

Total fees due to Adviser		$	117,316			$	49,644

Fee due to Administrator		$	38,332			$	55,138

Total related party fees due		$	155,648			$	104,782

⁽¹⁾	Other fees due to Adviser primarily relate to miscellaneous general and administrative expenses paid by our Adviser on our behalf.