Real Estate and Intangible Assets - Summary Information of Farms (Detail)
|
|
6 Months Ended |
Feb. 08, 2016 |
Jun. 30, 2016
USD ($)
a
Farm
|
Jun. 30, 2015
USD ($)
a
Farm
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of Farms | Farm |
|
47
|
36
|
| Total Acres | a |
|
23,456
|
11,467
|
| Farm Acres | a |
|
18,395
|
|
| Net Cost Basis |
|
$ 268,725,765
|
|
| Encumbrances |
|
$ 181,526,562
|
|
| 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
|
|
| Farm Acres | a |
|
238
|
|
| Lease Expiration Date |
|
Dec. 31, 2020
|
|
| Net Cost Basis |
|
$ 4,766,850
|
|
| Encumbrances |
|
$ 5,419,371
|
|
| 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
|
|
| Farm Acres | a |
|
502
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
|
$ 12,087,278
|
|
| Encumbrances |
|
$ 27,572,207
|
|
| 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
|
|
| Farm Acres | a |
|
195
|
|
| Lease Expiration Date |
|
Dec. 31, 2023
|
|
| Net Cost Basis |
|
$ 9,284,807
|
|
| Encumbrances |
|
$ 5,279,214
|
|
| 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
|
|
| Farm Acres | a |
|
70
|
|
| Lease Expiration Date |
|
Oct. 31, 2020
|
|
| Net Cost Basis |
|
$ 2,678,229
|
|
| Encumbrances |
|
$ 1,749,149
|
|
| 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
|
|
| Farm Acres | a |
|
56
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
|
$ 1,239,809
|
|
| Encumbrances |
|
$ 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
|
|
| Farm Acres | a |
|
181
|
|
| Lease Expiration Date |
|
Jun. 14, 2018
|
|
| Net Cost Basis |
|
$ 3,900,918
|
|
| Encumbrances |
|
$ 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
|
|
| Farm Acres | a |
|
110
|
|
| Lease Expiration Date |
|
Jun. 30, 2017
|
|
| Net Cost Basis |
|
$ 3,862,689
|
|
| Encumbrances |
|
$ 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
|
|
| Farm Acres | a |
|
89
|
|
| Lease Expiration Date |
|
Apr. 04, 2020
|
|
| Net Cost Basis |
|
$ 1,255,879
|
|
| Encumbrances |
|
$ 835,331
|
|
| 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
|
|
| Farm Acres | a |
|
206
|
|
| Lease Expiration Date |
|
May 31, 2028
|
|
| Net Cost Basis |
|
$ 3,091,791
|
|
| Encumbrances |
|
$ 1,931,041
|
|
| 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
|
|
| Farm Acres | a |
|
166
|
|
| Lease Expiration Date |
|
Oct. 31, 2024
|
|
| Net Cost Basis |
|
$ 8,952,970
|
|
| Encumbrances |
|
$ 4,360,413
|
|
| 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
|
|
| Farm Acres | a |
|
94
|
|
| Lease Expiration Date |
|
Nov. 04, 2018
|
|
| Net Cost Basis |
|
$ 1,851,986
|
|
| Encumbrances |
|
$ 1,245,832
|
|
| 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
|
|
| Farm Acres | a |
|
46
|
|
| Lease Expiration Date |
|
Dec. 15, 2023
|
|
| Net Cost Basis |
|
$ 2,875,864
|
|
| Encumbrances |
|
$ 1,868,748
|
|
| 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
|
|
| Farm Acres | a |
|
1,640
|
|
| Lease Expiration Date |
|
Dec. 31, 2023
|
|
| Net Cost Basis |
|
$ 13,879,837
|
|
| Encumbrances |
|
$ 8,720,826
|
|
| 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
|
|
| Farm Acres | a |
|
1,320
|
|
| Lease Expiration Date |
|
Feb. 29, 2024
|
|
| Net Cost Basis |
|
$ 7,778,747
|
|
| Encumbrances |
|
$ 4,173,538
|
|
| 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
|
|
| Farm Acres | a |
|
157
|
|
| Lease Expiration Date |
|
Sep. 30, 2024
|
|
| Net Cost Basis |
|
$ 2,368,937
|
|
| Encumbrances |
|
$ 1,681,874
|
|
| 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
|
|
| Farm Acres | a |
|
110
|
|
| Lease Expiration Date |
|
Sep. 30, 2022
|
|
| Net Cost Basis |
|
$ 5,746,921
|
|
| Encumbrances |
|
$ 3,675,205
|
|
| 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
|
|
| Farm Acres | a |
|
78
|
|
| Lease Expiration Date |
|
Jun. 30, 2017
|
|
| Net Cost Basis |
|
$ 2,453,449
|
|
| Encumbrances |
|
$ 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
|
|
| Farm Acres | a |
|
66
|
|
| Lease Expiration Date |
|
Jul. 31, 2017
|
|
| Net Cost Basis |
|
$ 6,793,670
|
|
| Encumbrances |
|
$ 4,291,892
|
|
| 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
|
|
| Farm Acres | a |
|
322
|
|
| Lease Expiration Date |
|
Oct. 31, 2024
|
|
| Net Cost Basis |
|
$ 6,848,715
|
|
| Encumbrances |
|
$ 3,612,914
|
|
| 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
|
|
| Farm Acres | a |
|
590
|
|
| Lease Expiration Date |
|
Sep. 30, 2024
|
|
| Net Cost Basis |
|
$ 13,581,735
|
|
| Encumbrances |
|
$ 7,536,338
|
|
| 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
|
|
| Farm Acres | a |
|
331
|
|
| Lease Expiration Date |
|
Jul. 31, 2017
|
|
| Net Cost Basis |
|
$ 24,170,815
|
|
| Encumbrances |
|
$ 15,572,904
|
|
| 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
|
|
| Farm Acres | a |
|
64
|
|
| Lease Expiration Date |
|
Nov. 03, 2017
|
|
| Net Cost Basis |
|
$ 6,031,400
|
|
| Encumbrances |
|
$ 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
|
|
| Farm Acres | a |
|
329
|
|
| Lease Expiration Date |
|
Oct. 31, 2016
|
|
| Net Cost Basis |
|
$ 16,358,539
|
|
| Encumbrances |
|
$ 10,178,000
|
|
| 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
|
|
| Farm Acres | a |
|
412
|
|
| Lease Expiration Date |
|
Jun. 30, 2025
|
|
| Net Cost Basis |
|
$ 4,188,751
|
|
| Encumbrances |
|
$ 2,374,680
|
|
| 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
|
|
| Farm Acres | a |
|
1,644
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
|
$ 15,526,274
|
|
| Encumbrances |
|
$ 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
|
|
| Farm Acres | a |
|
1,052
|
|
| Lease Expiration Date |
|
Dec. 31, 2018
|
|
| Net Cost Basis |
|
$ 5,441,699
|
|
| Encumbrances |
|
$ 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
|
|
| Farm Acres | a |
|
1,049
|
|
| Lease Expiration Date |
|
Dec. 31, 2018
|
|
| Net Cost Basis |
|
$ 5,428,714
|
|
| Encumbrances |
|
$ 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
|
|
| Farm Acres | a |
|
841
|
|
| Lease Expiration Date |
|
Jan. 09, 2031
|
|
| Net Cost Basis |
|
$ 26,094,518
|
|
| Encumbrances |
|
$ 9,979,735
|
|
| 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
|
|
| Farm Acres | a |
|
390
|
|
| Lease Expiration Date |
|
Dec. 31, 2021
|
|
| Net Cost Basis |
|
$ 3,777,909
|
|
| Encumbrances |
|
$ 3,714,880
|
|
| 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
|
|
| Farm Acres | a |
|
875
|
|
| Lease Expiration Date |
|
Dec. 31, 2025
|
|
| Net Cost Basis |
|
$ 5,678,064
|
|
| Encumbrances |
|
$ 3,723,000
|
|
| 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
|
|
| Farm Acres | a |
|
4,730
|
|
| Lease Expiration Date |
|
Feb. 28, 2021
|
|
| Net Cost Basis |
|
$ 25,326,491
|
|
| Encumbrances |
|
$ 15,531,000
|
|
| Calaveras Avenue [Member] | Coalinga, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Apr. 05, 2016
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
|
453
|
|
| Farm Acres | a |
|
442
|
|
| Lease Expiration Date |
|
Oct. 31, 2025
|
|
| Net Cost Basis |
|
$ 15,401,510
|
|
| Encumbrances |
|
$ 9,282,000
|
|
| 2015 New Real Estate Activity [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of Farms | Farm |
|
|
4
|
| Total Acres | a |
|
|
3,428
|
| Encumbrances |
|
|
$ 21,912,680
|
| Total Purchase Price |
|
|
36,576,480
|
| Acquisition Costs |
|
|
346,066
|
| Annualized straight-line cash rent |
|
|
$ 1,990,278
|
| 2015 New Real Estate Activity [Member] | Espinosa Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jan. 05, 2015
|
|
| 2015 New Real Estate Activity [Member] | 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
|
| Encumbrances |
|
|
$ 10,178,000
|
| Lease Term |
|
|
1 year 9 months 18 days
|
| Total Purchase Price |
|
|
$ 16,905,500
|
| Acquisition Costs |
|
|
89,885
|
| Annualized straight-line cash rent |
|
|
$ 778,342
|
| 2015 New Real Estate Activity [Member] | Parrish Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Mar. 10, 2015
|
|
| 2015 New Real Estate Activity [Member] | 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
|
| Encumbrances |
|
|
$ 2,374,680
|
| Lease Term |
|
|
10 years 3 months 18 days
|
| Total Purchase Price |
|
|
$ 3,913,280
|
| Acquisition Costs |
|
|
103,610
|
| Annualized straight-line cash rent |
|
|
$ 251,832
|
| 2015 New Real Estate Activity [Member] | Immokalee Exchange [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Jun. 25, 2015
|
|
| 2015 New Real Estate Activity [Member] | 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
|
| Encumbrances |
|
|
$ 9,360,000
|
| Lease Term |
|
|
5 years
|
| Total Purchase Price |
|
|
$ 15,757,700
|
| Acquisition Costs |
|
|
152,571
|
| Annualized straight-line cash rent |
|
|
$ 960,104
|
| 2016 New Real Estate Activity [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of Farms | Farm |
|
4
|
|
| Total Acres | a |
|
6,644
|
|
| Encumbrances |
|
$ 24,813,000
|
|
| Total Purchase Price |
|
41,205,815
|
|
| Acquisition Costs |
|
132,086
|
|
| Annualized straight-line cash rent |
|
$ 2,364,114
|
|
| 2016 New Real Estate Activity [Member] | Gunbarrel Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Mar. 03, 2016
|
|
| 2016 New Real Estate Activity [Member] | Gunbarrel Road [Member] | Alamosa CO [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Lease Term |
|
5 years
|
|
| Total Purchase Price |
|
$ 25,735,815
|
|
| Acquisition Costs |
|
93,585
|
|
| Annualized straight-line cash rent |
|
$ 1,590,614
|
|
| 2016 New Real Estate Activity [Member] | Calaveras Avenue [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Apr. 05, 2016
|
|
| 2016 New Real Estate Activity [Member] | Calaveras Avenue [Member] | Coalinga, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Lease Term |
|
10 years
|
|
| Total Purchase Price |
|
$ 15,470,000
|
|
| Acquisition Costs |
|
38,501
|
|
| Annualized straight-line cash rent |
|
$ 773,500
|
|