Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

Revenue Recognition.

Schedule of other revenue disaggregated by revenue

	For the three months ended				For the six months ended
	June 30,				June 30,
(in thousands)	2024		2023		2024			2023
Fixed Farm Rent	$	8,204	$	8,610	$	16,827	$	17,404
Solar, Wind and Recreation Rent		623		700		1,277		1,470
Tenant Reimbursements		679		831		1,400		1,869
Variable Rent		33		79		242		203
	$	9,539	$	10,220	$	19,746	$	20,946

	For the three months ended				For the six months ended
	June 30,				June 30,
(in thousands)	2024		2023		2024			2023
Auction and brokerage fees	$	89	$	167	$	371	$	504
Crop insurance proceeds		—		29		—		624
Property management income		259		235		488		422
Other (e.g., interest income)		623		418		1,235		885
	$	971	$	849	$	2,094	$	2,435

Summary of rental income recognized

	Rental income recognized
		For the three months ended				For the six months ended
		June 30,				June 30,
(in thousands)		2024		2023		2024			2023
Leases in effect at the beginning of the year		$	8,233	$	9,836	$	17,369	$	20,283
Leases entered into during the year			1,306		384		2,377		663
		$	9,539	$	10,220	$	19,746	$	20,946

Schedule of future minimum fixed rent payments from tenants under all non-cancelable leases in place

(in thousands)	Future rental
Year Ending December 31,	payments
2024 (remaining six months)	$	16,393
2025		24,026
2026		18,238
2027		8,229
2028		3,885
Thereafter		49,377
	$	120,148