Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2024

Revenue Recognition.

Schedule of other revenue disaggregated by revenue

	For the three months ended				For the nine months ended
	September 30,				September 30,
(in thousands)	2024		2023		2024			2023
Fixed Farm Rent	$	8,156	$	8,492	$	24,983	$	25,896
Solar, Wind and Recreation Rent		612		627		1,888		2,098
Tenant Reimbursements		715		705		2,114		2,574
Variable Rent		270		313		514		516
	$	9,753	$	10,137	$	29,499	$	31,084

	For the three months ended				For the nine months ended
	September 30,				September 30,
(in thousands)	2024		2023		2024			2023
Auction and brokerage fees	$	168	$	46	$	539	$	550
Crop insurance proceeds		—		—		—		624
Property management income		247		234		736		656
Other (e.g., interest income)		533		386		1,767		1,271
	$	948	$	666	$	3,042	$	3,101

Summary of rental income recognized

	Rental income recognized
		For the three months ended				For the nine months ended
		September 30,				September 30,
(in thousands)		2024		2023		2024			2023
Leases in effect at the beginning of the year		$	8,202	$	9,394	$	25,572	$	29,676
Leases entered into during the year			1,551		743		3,927		1,408
		$	9,753	$	10,137	$	29,499	$	31,084

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 three months)	$	7,910
2025		25,205
2026		18,266
2027		8,238
2028		3,885
Thereafter		49,377
	$	112,881