Farmland Partners (FPI) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	8-May-15
Document and Entity Information
Entity Registrant Name	Farmland Partners Inc.
Entity Central Index Key	1591670
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		7,795,336
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Combined_Consolidated_Balance_

Combined Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Land, at cost	$162,930,752	$152,294,899
Grain facilities	2,650,607	2,650,607
Groundwater	5,630,842	5,004,942
Irrigation improvements	5,651,872	5,188,459
Drainage improvements	783,475	783,475
Other	643,574	570,574
Construction in progress	1,927,096
Real estate, at cost	180,218,218	166,492,956
Less accumulated depreciation	-950,399	-777,469
Total real estate, net	179,267,819	165,715,487
Deposits	946,527	419,548
Cash	18,183,960	33,736,166
Deferred financing fees, net	407,844	364,893
Accounts receivable	113,009	336,919
Accounts receivable, related party	249,778	182,763
Other	310,899	267,431
TOTAL ASSETS	199,479,836	201,023,207
LIABILITIES
Mortgage notes and bonds payable	107,776,000	113,878,300
Dividends payable	1,129,879	1,122,504
Accrued interest	495,878	238,933
Accrued property taxes	280,937	241,221
Deferred revenue (See Note 2)	5,913,183	1,364,737
Accrued expenses	732,830	651,672
Total liabilities	116,328,707	117,497,367
EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 7,795,336 and 7,731,755 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	75,811	75,175
Additional paid in capital	69,856,630	68,980,437
Retained deficit	-724,633	-568,192
Cumulative dividends	-3,034,477	-2,130,218
Non-controlling interest in operating partnership	16,977,798	17,168,638
Total equity (deficit)	83,151,129	83,525,840
TOTAL LIABILITIES AND EQUITY	$199,479,836	$201,023,207

Combined_Consolidated_Balance_1

Combined Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Combined Consolidated Balance Sheets
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	7,795,336	7,731,755
Common stock, shares outstanding	7,795,336	7,731,755

Combined_Consolidated_Statemen

Combined Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING REVENUES:
Rental income (See Note 2)	$2,030,146	$635,854
Tenant reimbursements	73,345	49,797
Total operating revenues	2,103,491	685,651
OPERATING EXPENSES
Depreciation and depletion	172,930	39,895
Property operating expenses	200,496	49,797
Acquisition and due diligence costs	10,914
General and administrative expenses	875,031	73,295
Legal and accounting	268,175	53,500
Total operating expenses	1,527,546	216,487
OPERATING INCOME	575,945	469,164
OTHER (INCOME) EXPENSE:
Interest expense	772,523	334,574
Total other (income) expense	772,523	334,574
NET (LOSS) INCOME	-196,578	134,590
Net loss (income) attributable to non-controlling interests - operating partnership	40,137	-134,590
Net loss attributable to the Company	-156,441
Nonforfeitable dividends allocated to unvested restricted shares	-24,856
Net loss available to common stockholders of Farmland Partners Inc.	($181,297)
Basic and diluted per common share data:
Basic and diluted net loss available to common stockholders	($0.02)
Basic and diluted weighted average common shares outstanding (in shares)	7,530,188

Combined_Consolidated_Statemen1

Combined Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	($196,578)	$134,590
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and depletion	172,930	39,895
Amortization of deferred financing fees	60,264	14,108
Stock based compensation	239,003
Changes in operating assets and liabilities
Decrease (increase) in accounts receivable	156,895	-655,639
Increase in other assets	-65,505
Increase in accrued interest	256,945	304,647
Decrease in accrued expenses	-259,473	-25,157
Increase in deferred revenue	4,548,446
Increase in accrued property taxes	36,550	49,797
Net cash provided by operating activities	4,949,477	-137,759
CASH FLOWS FROM INVESTING ACTIVITIES
Real estate acquisitions	-11,161,947
Construction in progress	-1,687,217
Real estate improvements	-385,454
Net cash used in investing activities	-13,234,618
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments on mortgage notes payable	-6,102,300	-1,006,100
Payment of financing fees	-42,261
Dividends on common stock	-896,884
Contributions from member		1,178,107
Distributions - to non-controlling interest in operating partnership	-225,620	-16,765
Net cash (used in) provided by financing activities	-7,267,065	155,242
NET (DECREASE) INCREASE IN CASH	-15,552,206	17,483
CASH, BEGINNING OF PERIOD	33,736,166	17,805
CASH, END OF PERIOD	18,183,960	35,288
Cash paid during period for interest	455,540	15,296
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING TRANSACTIONS
Additions to irrigation improvements included in accrued expenses	239,879	46,128
Financing fees included in accrued expenses	60,954
Deposits included in accrued expenses	39,799
Capitalization of deferred offering costs as a result of pending financing transaction		526,508
Dividends payable	1,129,879
Property tax liability acquired in acquisitions	3,166
Issuance of common stock in conjunction with acquisition	$712,743

Organization_and_Significant_A

Organization and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Organization and Significant Accounting Policies
Organization and Significant Accounting Policies	Note 1—Organization and Significant Accounting Policies
	Organization
	Farmland Partners Inc. (the “Company”) is an internally managed real estate company that owns and seeks to acquire high-quality farmland located in agricultural markets throughout North America. The Company was incorporated in Maryland on September 27, 2013. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP (the “Operating Partnership”), which was formed in Delaware on September 27, 2013. As of March 31, 2015, the Company owned or had a controlling interest in a portfolio of 93 farms, as well as six grain storage facilities, which are consolidated in these financial statements. All of the Company’s assets are held by, and its operations are primarily conducted through, the Operating Partnership and the wholly owned subsidiaries of the Operating Partnership. As of March 31, 2015, the Company owned 80.0% of the units of limited partnership interest in the Operating Partnership (“OP Units”).  See Note 8 for additional discussion regarding OP units.
	The Company and the Operating Partnership commenced operations upon completion of the underwritten initial public offering of shares of the Company’s common stock (the “IPO”) on April 16, 2014 (see “Note 8—Stockholders’ Equity”). Concurrently with the completion of the IPO, the Company’s predecessor, FP Land LLC, a Delaware limited liability company (“FP Land”), merged with and into the Operating Partnership, with the Operating Partnership surviving (the “FP Land Merger”). As a result of the FP Land Merger, the Operating Partnership succeeded to the business and operations of FP Land, including FP Land’s 100% fee simple interest in a portfolio of 38 farms and three grain storage facilities (the “Contributed Properties”).
	The Company intends to elect to be taxed as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with its short taxable year ended December 31, 2014.
	On March 16, 2015, the Company formed FPI Agribusiness Inc. as a taxable REIT subsidiary (the “TRS” or “FPI Agribusiness”).  The  TRS was formed to provide purchasing services to the Company’s tenants and to operate a farming business on a small scale (initially on 563 acres).
	Principles of Combination and Consolidation
	The accompanying combined consolidated financial statements are presented on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of the Company and the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation. Upon completion of the IPO and the related formation transactions, the Company succeeded to the operations of FP Land.  FP Land was an entity under the common control of Mr. Pittman, and was organized to hold the equity interests of PH Farms LLC, an Illinois limited liability company, and Cottonwood Valley Land, LLC, a Nebraska limited liability company, both of which are engaged in the ownership of farmland and property related to farming in agricultural markets in Illinois, Nebraska and Colorado.  These financial statements retroactively reflect the consolidated equity ownership structure of the Company and the formation transactions.  The formation transactions were accounted for at historical cost due to the existence of common control.
	Due to the timing of the IPO and the formation transactions, the results of operations for the three months ended March 31, 2014 reflect the results of operations of FP Land.  The Company’s financial condition as of March 31, 2015 and December 31, 2014 and the results of operations for the three months ended March 31, 2015 reflect the financial condition and results of operations of the Company.
	Interim Financial Information
	The information in the Company’s combined consolidated financial statements for the three months ended March 31, 2015 and 2014 is unaudited.  All significant inter-company balances and transactions have been eliminated in consolidation.  The accompanying financial statements for the three months ended March 31, 2015 and 2014 include adjustments based on management’s estimates (consisting of normal and recurring accruals), which the Company considers necessary for a fair presentation of the results for the periods.  The financial information should be read in conjunction with the combined consolidated financial statements for the year ended December 31, 2014, included in the Company’s Annual Report on Form 10-K, which the Company filed with the Securities and Exchange Commission (the “SEC”) on March 3, 2015.  Operating results for the three months ended March 31, 2015 are not necessarily indicative of actual operating results for the entire year ending December 31, 2015.
	Reclassifications
	Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net (loss) income, equity or cash flows.
	Use of Estimates
	The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.
	Real Estate Acquisitions
	The Company accounts for all acquisitions in accordance with the business combinations standard. When the Company acquires farmland that was previously operated as a rental property, the Company evaluates whether a lease is in place or a crop is being produced at the time of closing of the acquisition.  If a lease is in place or a crop is being produced, the Company accounts for the transaction as a business combination and charges the costs associated with the acquisition to acquisition and due diligence costs on the statement of operations as incurred. Otherwise, acquisitions with no lease in place or crops being produced at the time of acquisition are accounted for as asset acquisitions.  When the Company acquires farmland in a sale-lease back transaction, the Company accounts for the transaction as an asset acquisition and capitalizes the transaction costs incurred in connection with the acquisition.
	Upon acquisition of real estate, the Company allocates the purchase price of the real estate based upon the fair value of the assets and liabilities acquired, which historically have consisted of land, drainage improvements, irrigation improvements, groundwater and grain facilities, and may also consist of intangible assets including in-place leases, above market and below market leases, and tenant relationships. The Company allocates the purchase price to the fair value of the tangible assets of acquired real estate by valuing the land as if it were unimproved. The Company values improvements, including grain facilities, at replacement cost as new, adjusted for depreciation. Management’s estimates of land and groundwater value are made using a comparable sales analysis. Factors considered by management in its analysis of land value include soil types and water availability, the sales prices of comparable farms, and the replacement cost and residual useful life of land improvements. Management’s estimates of groundwater value are made using historical information obtained regarding the applicable aquifer. Factors considered by management in its analysis of groundwater value are related to the location of the aquifer and whether or not the aquifer is a depletable resource or a replenishing resource.  If the aquifer is a replenishing resource, no value is allocated to the groundwater.  The Company includes an estimate of property taxes in the purchase price allocation of acquisitions to account for the expected liability that was acquired.  The Company has not previously acquired properties subject to above or below market leases. If above and below market leases are acquired, the Company will value the intangible assets based on the present value of the difference between prevailing market rates and the in-place rates measured over a period equal to the remaining term of the lease for above market leases and the initial term plus the term of any below market fixed rate renewal options for below market leases that are considered bargain renewal options. The above market lease values will be amortized as a reduction of rental income over the remaining term of the respective leases, and the below market lease values will be amortized as an increase to rental income over the remaining initial terms plus the terms of any below market fixed rate renewal options that are considered bargain renewal options of the respective leases.
	As of March 31, 2015 and December 31, 2014, the Company did not have any in-place lease or tenant relationship intangibles. The purchase price is allocated to in-place lease values and tenant relationships, if they are acquired, based on the Company’s evaluation of the specific characteristics of each tenant’s lease, availability of replacement tenants, probability of lease renewal, estimated down time and its overall relationship with the tenant. The value of in-place lease intangibles and tenant relationships will be included as components of deferred leasing intangibles, and will be amortized over the remaining lease term (and expected renewal periods of the respective leases for tenant relationships) as adjustments to depreciation and amortization expense. If a tenant terminates its lease early, above and below market leases, the in-place lease value and tenant relationships will be immediately written off.
	Using information available at the time acquisition or due diligence costs are incurred, the Company capitalizes acquisition costs for expected asset acquisitions.  If the asset acquisition is abandoned, the capitalized asset acquisition costs will be charged to acquisition and due diligence costs in the period of abandonment.
	Total consideration may include a combination of cash and equity securities.  When equity securities are issued, the Company determines the fair value of the equity securities based on the number of shares of common stock or OP units issued multiplied by the stock price on the date of closing.
	Using information available at the time of acquisition, the Company allocates the total consideration to tangible assets and liabilities and identified intangible assets and liabilities. The Company may adjust the preliminary purchase price allocations after obtaining more information about assets acquired and liabilities assumed at the date of acquisition.
	Real Estate
	The Company’s real estate consists of land, groundwater and improvements made to the land consisting of grain facilities, irrigation improvements, drainage improvements and other improvements. The Company records real estate at cost and capitalizes improvements and replacements when they extend the useful life or improve the efficiency of the asset.  The Company begins depreciating assets when the asset is ready for its intended use.
	The Company expenses costs of repairs and maintenance as such costs are incurred. The Company computes depreciation and depletion for assets classified as improvements using the straight-line method over their estimated useful lives as follows:
		Years
	Grain facilities	10	-	25
	Irrigation improvements	3	-	40
	Drainage improvements	27	-	65
	Groundwater	3	-	50
	Other	7	-	40
	The Company periodically evaluates the estimated useful lives for groundwater based on current state water regulations and depletion levels of the aquifers.
	When a sale occurs, the Company recognizes the associated gain when all consideration has been transferred, the sale has closed and there is no material continuing involvement. If a sale is expected to generate a loss, the Company first assesses it through the impairment evaluation process—see ‘‘Impairment’’ below.
	Impairment
	The Company evaluates its tangible and identifiable intangible real estate assets for impairment indicators whenever events such as declines in a property’s operating performance, deteriorating market conditions or environmental or legal concerns bring recoverability of the carrying value of one or more assets into question. If such events are present, the Company projects the total undiscounted cash flows of the asset, including proceeds from disposition, and compares them to the net book value of the asset. If this evaluation indicates that the carrying value may not be recoverable, an impairment loss is recorded in earnings equal to the amount by which the carrying value exceeds the fair value of the asset. There have been no impairments recognized on real estate assets in the accompanying financial statements.
	Cash
	The Company’s cash at March 31, 2015 and December 31, 2014 was held in the custody of three financial institutions, and the Company’s balance at any given financial institution may at times exceed federally insurable limits. The Company monitors balances with individual financial institutions to mitigate risks relating to balances exceeding such limits.
	Deferred Financing Fees
	Deferred financing fees include costs incurred by the Company or its predecessor in obtaining debt, which are capitalized and have been allocated to the Company.  During the period ended March 31, 2015, $103,215 in costs were capitalized in conjunction with the issuance of two bonds in April 2015 under the Farmer Mac Facility (as defined below).  During the year ended December 31, 2014, $135,340 and $234,188 in costs were capitalized in conjunction with the modification of the First Midwest Bank debt on April 16, 2014 and the issuance of five bonds under the Farmer Mac Facility, respectively. Deferred financing fees are amortized using the straight-line method, which approximates the effective interest method, over the terms of the related indebtedness. Any unamortized amounts upon early repayment of mortgage notes payable are written off in the period in which repayment occurs. Fully amortized deferred financing fees are removed from the books upon maturity or repayment of the underlying debt. The Company wrote off $12,300 in deferred financing fees in conjunction with the early repayment of debt during the three months ended March 31, 2015. Accumulated amortization of deferred financing fees was $145,404 and $97,439 as of March 31, 2015 and December 31, 2014, respectively.
	Deferred Offering Costs
	Deferred offering costs include incremental direct costs incurred by the Company in conjunction with pending equity offerings.  At the completion of the offering, the deferred offering costs are recorded as a reduction of the gross proceeds from the applicable offering.  If an offering is abandoned, the previously deferred offering costs will be charged to operations in the period in which the abandonment occurs.
	Accounts Receivable
	Accounts receivable are presented at face value, net of the allowance for doubtful accounts. The allowance for doubtful accounts is established through provisions charged against income and is maintained at a level believed adequate by management to absorb estimated bad debts based on historical experience and current economic conditions. The allowance for doubtful accounts was $0 as of March 31, 2015 and December 31, 2014.
	Revenue Recognition
	Rental income includes rents that each tenant pays in accordance with the terms of its lease. Minimum rents pursuant to leases are recognized as revenue on a pro rata basis over the lease term. Deferred revenue includes the cumulative difference between the rental revenue recorded on a straight-line basis and the cash rent received from tenants in accordance with the lease terms.
	Leases in place as of March 31, 2015 had terms ranging from one to five years with no renewal options or rent escalations.  The majority of the Company’s leases provide for a fixed cash rent payment.  Tenant leases on acquired farms generally require the tenant to pay the Company rent for the entire initial year regardless of the date of acquisition, if the acquisition is closed prior to, or shortly after, planting of crops.  If the acquisition is closed later in the year, the Company typically receives a partial rent payment or no rent payment at all.
	Certain of the Company’s leases provide for a rent payment determined as a percentage of the gross farm proceeds or a percentage of harvested crops.  Revenue under leases providing for a payment equal to a percentage of the harvested crop or a percentage of the gross farm proceeds is recognized upon notification from the grain facility that grain has been delivered in the Company’s name or when the tenant has notified the Company of the total amount of gross farm proceeds.
	Certain of the Company’s leases provide for minimum cash rent plus a bonus based on gross farm proceeds.  Revenue under this type of lease is recognized on a straight-line basis over the lease term based on the minimum cash rent.  Bonus rent is recognized upon notification from the tenant of the gross farm proceeds for the year.
	Tenant reimbursements include reimbursements for real estate taxes that each tenant pays in accordance with the terms of its lease.  When leases require that the tenant reimburse the Company for property taxes paid by the Company, the reimbursement is reflected as tenant reimbursement revenue on the statement of operations, as earned, and the related property tax expense, as incurred.  When a lease requires that the tenant pay the taxing authority, directly, the Company does not incur this cost.  When it becomes probable that a tenant will not be able to bear the property related costs the Company will accrue the estimated expense.
	Income Taxes
	As a REIT, the Company will be permitted to deduct dividends paid to its stockholders, thereby eliminating the U.S. federal taxation of income represented by such distributions at the Company level, provided certain requirements are met. REITs are subject to a number of organizational and operational requirements. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to U.S. federal income tax (including any applicable alternative minimum tax) on its taxable income at regular corporate tax rates.
	When the Company acquires a property in a business combination, the Company evaluates such acquisition for any related deferred tax assets or liabilities and determines if a deferred tax asset or liability should be recorded in conjunction with the purchase price allocation.  If a built-in gain is acquired, the Company evaluates the required holding period (generally 5 - 10 years) and determines if it has the ability and intent to hold the underlying assets for the necessary holding period.  If the Company has the ability to hold the underlying assets for the required holding period, no deferred tax liability is recorded with respect to the built-in gain.
	Segment Reporting
	The Company’s chief operating decision maker does not evaluate performance on a farm-specific or transactional basis and does not distinguish the Company’s principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company believes it has a single operating segment for reporting purposes in accordance with GAAP.
	Earnings Per Share
	Basic earnings per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, excluding the weighted average number of unvested restricted shares (“participating securities” as defined in Note 8).  Diluted earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period plus other potentially dilutive securities such as stock grants or shares that would be issued in the event that OP units are redeemed for shares of common stock of the Company.  No adjustment is made for shares that are anti-dilutive during a period.
	Stock Based Compensation
	From time to time, the Company may award non-vested shares under the Company’s 2014 Equity Incentive Plan (the “Plan”) as compensation to officers, employees, non-employee directors and non-employee consultants (See Note 8).  The shares issued to officers, employees, and non-employee directors vest over a period of time as determined by the Board of Directors at the date of grant.  The Company recognizes compensation expense for non-vested shares granted to officers, employees and non-employee directors on a straight-line basis over the requisite service period based upon the fair market value of the shares on the date of grant, as adjusted for forfeitures.  When an unvested award is forfeited, the Company recognizes compensation expense for dividends paid on the unvested award.  The Company recognizes expense related to non-vested shares granted to non-employee consultants over the period that services are received.  The change in fair value of the shares to be issued upon vesting is remeasured at each reporting period and is recorded in general and administrative expenses on the combined consolidated statement of operations.  As of March 31, 2015, the Company recorded an increase in stock based compensation of $34,343, as a result of a change in fair value of the unvested shares.
	New or Revised Accounting Standards Not Yet Effective
	In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs.  ASU 2015-03 requires the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge asset. ASU 2015-03 is effective for annual periods beginning after December 15, 2015, but early adoption is permitted. The adoption of this standard is not expected to have a material effect on the Company’s combined consolidated financial statements or financial covenants.

Revenue_Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2015
Revenue Recognition
Revenue Recognition	Note 2—Revenue Recognition
	The Company typically receives one lease payment per year from tenants either during the first quarter of the year or at the time of acquisition of the related farm.  As such, the rental income received is recorded on a straight-line basis over the lease term.  In the quarter ended March 31, 2015, the Company received full-year rent payments for 2015 of $360,016 under lease agreements entered into in connection with farms acquired during the quarter.  Payments received in advance are included in deferred revenue until they are earned.  At March 31, 2015 and December 31, 2014, the Company had $5,913,183 and $1,364,737 in deferred revenue, respectively.
	The following represents a summary of the cash rent received during the three months ended March 31, 2015 and 2014 and the rental income recognized for the three months ended March 31, 2015 and 2014:
		Cash rent received				Rental income recognized
		For the three months ended				For the three months ended
		March 31,				March 31,
		2015		2014		2015		2014
	Leases in effect at the beginning of the year	$	5,158,817	$	34,288	$	1,737,395	$	635,854
	Leases entered into during the year		1,366,685		—		292,751		—
		$	6,525,502	$	34,288	$	2,030,146	$	635,854
	Future minimum lease payments from tenants under all non-cancelable leases in place as of March 31, 2015, excluding tenant reimbursement of expenses and lease payments based on a percentage of farming revenues, for the next four years as of March 31, 2015 are as follows:
		Future rental
	Year Ending December 31,	payments
	Remaining 9 months in 2015	$	1,036,348
	2016		6,553,251
	2017		2,471,164
	2018		484,550
		$	10,545,313

Concentration_Risk

Concentration Risk	3 Months Ended
	Mar. 31, 2015
Concentration Risk
Concentration Risk	Note 3—Concentration Risk
	Credit Risk
	For the three months ended March 31, 2015 and 2014, the Company had certain tenant concentrations as set forth in the table below.  Astoria Farms and Hough Farms are related parties (see ‘‘Note 4—Related Party Transactions’’). If a significant tenant, representing a tenant concentration, fails to make rental payments to the Company or elects to terminate its leases, and the land cannot be re-leased on satisfactory terms, there would be a material adverse effect on the Company’s financial performance and the Company’s ability to continue operations.  Rental income received is recorded on a straight-line basis over the applicable lease term.  The following is a summary of the Company’s significant tenants:
			Rental income recognized
			For the three months ended
			March 31,
			2015					2014
	Astoria Farms		$	546,876		26.9	%	$	545,035		85.7	%
	Hough Farms			123,553		6.1	%		73,675		11.6	%
	Hudye Farms tenant A (1)			201,740		9.9	%		—		—	%
			$	872,169				$	618,710
			Cash rent received
			For the three months ended
			March 31,
			2015					2014
	Astoria Farms		$	2,187,503		33.5	%	$	—		—	%
	Hough Farms			528,824		8.1	%		—		—	%
	Hudye Farms tenant A (1)			677,612		10.4	%		—		—	%
			$	3,393,939				$	—
		-1		Hudye Farms was acquired in June 12, 2014.
	Geographic Risk
	Many of the Company’s farms are arranged in geographic clusters spanning two to five nearby counties.  Should a natural disaster occur in an area where several of the properties are located, there could be a material adverse effect on the Company’s financial performance.
	The following table summarizes the percentage of approximate total acres owned as of March 31, 2015 and 2014 and rental income recorded by the Company for the three months ended March 31, 2015 and 2014 by location of the farm (unaudited):
							Rental income
			Approximate % of total acres				For the three
							months ended
			as of March 31,				March 31,
	Location of Farm		2015		2014		2015		2014
	Colorado		39.3	%	13.1	%	25.6	%	—	%
	Arkansas		16.4	%	—	%	9.2	%	—	%
	South Carolina		14.8	%	—	%	18.8	%	—	%
	Illinois		11.6	%	78.5	%	27.8	%	88.4	%
	Nebraska		6.8	%	8.4	%	7.2	%	11.6	%
	Mississippi		5.7	%	—	%	5.7	%	—	%
	Louisiana		4.0	%	—	%	4.7	%	—	%
	Kansas		1.4	%	—	%	1.0	%	—	%
			100.0	%	100.0	%	100.0	%	100.0	%

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions
Related Party Transactions	Note 4—Related Party Transactions
	As of March 31, 2015, 15.9% of the acres in the Company’s farm portfolio was rented to and operated by Astoria Farms or Hough Farms, both of which are related parties. Astoria Farms is a partnership in which Pittman Hough Farms, which is 75% owned by Mr. Pittman, has a 33.34% interest. The balance of Astoria Farms is held by limited partnerships in which Mr. Pittman is the general partner. Hough Farms is a partnership in which Pittman Hough Farms has a 25% interest. The aggregate rent recognized by the Company for these entities for the three months ended March 31, 2015 and 2014 was $670,429 and $618,710, respectively. As of March 31, 2015 and December 31, 2014, the Company had accounts receivable from these entities of $249,778 and $182,763, respectively.
	For the three months ended March 31, 2015 and 2014, Pittman Hough Farms incurred $0 and $57,558, respectively, in professional fees on behalf of the Company.
	American Agriculture Corporation (‘‘American Agriculture’’) is a Colorado corporation that is 75% owned by Mr. Pittman and 25% owned by Jesse J. Hough, who provides consulting services to the Company. On April 16, 2014, the Company entered into a shared services agreement with American Agriculture pursuant to which the Company paid American Agriculture an annual fee of $175,000 in equal quarterly installments in exchange for management and accounting services.  The agreement was terminated effective as of December 31, 2014, by mutual agreement of both parties.
	The Company reimbursed American Agriculture $16,816 for general and administrative expenses during the three months ended March 31, 2015, which are included in general and administrative expenses in the combined consolidated statements of operations.  As of March 31, 2015 and December 31, 2014, the Company had outstanding payables to American Agriculture of $9,788 and $49,160, respectively.
	On April 16, 2014, the Company entered into a consulting agreement with Mr. Hough pursuant to which the Company pays Mr. Hough an annual fee of $75,000 in equal quarterly installments.  In February 2015, the Company increased the annual fee to $125,000, effective April 16, 2015.  The Company incurred $18,750 in fees related to the consulting agreement during the three months ended March 31, 2015. The Company did not incur any such fees during the three months ended March 31, 2014. As of March 31, 2015 and December 31, 2014, the Company had outstanding payables to Mr. Hough of $0 and $18,750, respectively.
	On March 21, 2014 and April 16, 2014, the Company and FP Land entered into reimbursement agreements with Pittman Hough Farms to reimburse Pittman Hough Farms for costs incurred to complete the IPO and the FP Land Merger.  The amount of the costs that were reimbursed was reduced by interest expense of $78,603 related to outstanding debt at the time of the FP Land Merger, which was accrued by FP Land as of December 31, 2013.  The aggregate net reimbursable amount under the agreements was $1,361,321.  On June 9, 2014, the Company and the Operating Partnership entered into an additional reimbursement agreement with Pittman Hough Farms for $51,537 in professional fees incurred prior to the IPO.

Real_Estate

Real Estate	3 Months Ended
	Mar. 31, 2015
Real Estate
Real Estate	Note 5—Real Estate
	As of March 31, 2015, the Company owned 93 separate farms, as well as six grain storage facilities, which have been acquired since December 2000.
	During the three months ended March 31, 2015, the Company acquired the following farms:
							Total
					Date		approximate	Purchase		Acquisition
	Acquisitions		Location		acquired		acres	price		costs		Type of Acquisition
	Swarek		Quitman, MS		1/14/15		850	$	3,511,919	$	5,819	Asset acquisition
	Stonington Bass		Baca, CO		2/18/15		997		2,079,000		1,277	Business combination
	Benda Butler		Butler, NE		2/24/15		73		605,799		1,393	Asset acquisition
	Benda Polk		Polk, NE		2/24/15		123		860,998		1,748	Asset acquisition
	Timmerman (1)		Yuma, CO		3/13/15		315		2,026,220		477	Asset acquisition
	Cypress Bay		Bamberg, SC		3/13/15		502		2,303,573		3,573	Asset acquisition
							2,860	$	11,387,509	$	14,287
		-1		On March 13, 2015, the Company issued 63,581 shares of common stock (with a fair value of $712,743, as of the date of closing) as partial consideration for the acquisition of the Timmerman farm.
	The preliminary allocation of purchase price for the farms acquired during the three months ended March 31, 2015 are as follows:
			Land			Groundwater		Irrigation		Other		Accrued		Total
								Improvements				property
												taxes
	Swarek		$	3,470,706		$	—	$	41,213	$	—	$	—	$	3,511,919
	Stonington Bass			1,994,800			—		79,600		4,600		—		2,079,000
	Benda Butler			606,566			—		—		—		-767		605,799
	Benda Polk			861,714			—		—		—		-716		860,998
	Timmerman			1,365,403			625,900		36,600		—		-1,683		2,026,220
	Cypress Bay			1,959,173			—		276,000		68,400		—		2,303,573
			$	10,258,362		$	625,900	$	433,413	$	73,000	$	-3,166	$	11,387,509
	The allocation of the purchase price for the farms acquired during the three months ended March 31, 2015 is preliminary and may change during the measurement period if the Company obtains new information regarding the assets acquired or liabilities assumed at the acquisition date.
	The Company has included the results of operations for the acquired real estate in the combined consolidated statements of operations from the date of acquisition.  The real estate acquired in business combinations during the three months ended March 31, 2015 contributed $0 to total revenue and $2,471 to the net loss (including related real estate acquisition costs of $1,277)  for the three months ended March 31, 2015.
	During the three months ended March 31, 2015, the Company accounted for the Stonington Bass farm as a business combination.  However, as historical results for the farm were not available, the Company has not included unaudited pro forma financial information reflecting the pro forma results as if the farm had been acquired on January 1, 2014.

Mortgage_Notes_and_Bonds_Payab

Mortgage Notes and Bonds Payable	3 Months Ended
	Mar. 31, 2015
Mortgage Notes and Bonds Payable
Mortgage Notes and Bonds Payable	Note 6—Mortgage Notes and Bonds Payable
	As of March 31, 2015 and December 31, 2014, the Company had the following indebtedness outstanding:
														Book
						Annual								Value of
						Interest								Collateral
						Rate as of	Principal Outstanding as of							as of
	Loan		Payment Terms		Interest Rate Terms	March 31,	March 31,			December 31,			Maturity	March 31,
						2015	2015			2014				2015
	First Midwest Bank		Annual principal and quarterly interest		Greater of LIBOR + 2.59%  and 2.80%	2.80%	$	676,000	(a)	$	754,000	(a)	Jun-16	$	1,073,167	(b)
	First Midwest Bank		Annual principal and quarterly interest		Greater of LIBOR + 2.59%  and 2.80%	2.80%		26,000,000	(a)		30,000,000	(a)	Mar-16		24,061,440	(c)
	Farmer Mac Bond #1		Semi-annual interest only		2.40%	2.40%		20,700,000			20,700,000		Sep-17		31,958,411
	Farmer Mac Bond #2		Semi-annual interest only		2.35%	2.35%		5,460,000			5,460,000		Oct-17		9,012,119
	Farmer Mac Bond #3		Semi-annual interest only		2.50%	2.50%		10,680,000			10,680,000		Nov-17		10,742,092
	Farmer Mac Bond #4		Semi-annual interest only		2.50%	2.50%		13,400,000			13,400,000		Dec-17		23,565,007
	Farmer Mac Bond #5		Semi-annual interest only		2.56%	2.56%		30,860,000			30,860,000		Dec-17		52,888,112
	Tindall		Principal at maturity		0.00%	—		—			1,180,800		Jan-15		—
	Beck		Principal at maturity		0.00%	—		—			563,500		Jan-15		—
	Mentink		Principal at maturity		0.00%	—		—			280,000		Jan-15		—
	Total						$	107,776,000		$	113,878,300			$	153,300,348
		(a)		Messrs. Pittman and Hough unconditionally agreed to jointly and severally guarantee $11.0 million.
		(b)		The book value of collateral as of December 31, 2014 was $1,073,167.
		(c)		The book value of collateral as of December 31, 2014 was $26,410,132.
	First Midwest Bank Indebtedness
	On April 16, 2014, the Company repaid $6.5 million of secured mortgage debt and made a partial repayment of the First Midwest Bank debt of $4.7 million with a portion of the net proceeds from the IPO.  On March 24, 2014, Pittman Hough Farms made a contractual debt payment of $766,000 on the First Midwest Bank debt, which the Company reimbursed on April 16, 2014 with a portion of the net proceeds from the IPO.  The Company did not incur any early termination fees or fees related to the partial repayment.  In conjunction with the repayments, the Company wrote off $26,929 in unamortized deferred financing fees.
	On April 16, 2014, the Operating Partnership, as borrower, and First Midwest Bank, as lender, entered into the Amended and Restated Business Loan Agreement (as amended, the “Loan Agreement”), which provides for loans in the aggregate principal amount of approximately $30.8 million. The Company capitalized $135,340 in financing fees related to the modification of the loan.  In connection with the Loan Agreement, PH Farms LLC and Cottonwood Valley Land, LLC, which are wholly owned subsidiaries of the Operating Partnership, unconditionally agreed to guarantee all of the obligations of the Operating Partnership under the Loan Agreement.  In addition, Messrs. Pittman and Hough unconditionally agreed to jointly and severally guarantee $11.0 million of the Operating Partnership’s obligations under the Loan Agreement.  In conjunction with the modification, other than combining the two First Midwest Bank notes into one master note with two tranches, no other material terms were modified.
	On February 24, 2015, the Company amended the Loan Agreement to revise the financial covenants (as defined below) and repaid $3.08 million of the First Midwest Bank debt.   The Company did not incur any prepayment penalties in conjunction with the repayment.
	The collateral for the Company’s indebtedness consists of real estate and related farm rents, including farms, grain facilities and any other improvements present on such real estate.
	The Loan Agreement includes standard acceleration clauses triggered by default under certain provisions of the note.
	Under the Loan Agreement, the Company is subject to ongoing compliance with a number of customary affirmative and negative covenants, as well as financial covenants, including a maximum leverage ratio of 0.60 to 1.00 and a minimum fixed charge coverage ratio of 1.50 to 1.00.  Each covenant is measured annually as of December 31st of each year.  Additionally, the Company is required to maintain a minimum account balance of $500,000 during the term of the agreement.   The Company was in compliance with all applicable covenants at March 31, 2015.
	Farmer Mac Facility
	The Company and the Operating Partnership are parties to a bond purchase agreement (the “Bond Purchase Agreement”) with Federal Agricultural Mortgage Corporation (“Farmer Mac”) and Farmer Mac Mortgage Securities Corporation, a wholly owned subsidiary of Farmer Mac, as bond purchaser (the “Purchaser”), regarding a secured note purchase facility (as amended, the “Farmer Mac Facility”) that has a maximum borrowing capacity of $150.0 million.  Pursuant to the Bond Purchase Agreement, the Operating Partnership may, from time to time, issue one or more bonds to the Purchaser that will be secured by pools of mortgage loans, which will, in turn, be secured by first liens on agricultural real estate owned by the Company. The mortgage loans may have effective loan-to-value ratios of up to 60%, after giving effect to the overcollateralization obligations described below.  Prepayment of each bond issuance is not permitted unless otherwise agreed upon by all parties to the Bond Purchase Agreement.
	As of March 31, 2015, the Operating Partnership had $81.1 million outstanding under the Farmer Mac Facility and had $68.9 million of remaining capacity, subject to availability of qualifying collateral.  As of March 31, 2015, the Operating Partnership had $28.4 million in real property valued according to the criteria set forth in the agreement with Farmer Mac, with an effective loan to value of 60%, which could be collateralized against the Farmer Mac Facility, resulting in $17.0 million in available borrowing capacity.
	The Operating Partnership’s ability to borrow under the Farmer Mac Facility is subject to the Company’s ongoing compliance with a number of customary affirmative and negative covenants, as well as financial covenants, including: a maximum leverage ratio of not more than 60%; a minimum fixed charge coverage ratio of 1.50 to 1.00, beginning after the second quarter of 2015; and a minimum tangible net worth of $60.8 million. The Company was in compliance with all applicable covenants at March 31, 2015.
	In connection with the Bond Purchase Agreement, on August 22, 2014, the Company and the Operating Partnership also entered into a pledge and security agreement (the “Pledge Agreement”) in favor of the Purchaser and Farmer Mac, pursuant to which the Company and the Operating Partnership agreed to pledge, as collateral for the Farmer Mac Facility, all of their respective right, title and interest in (i) mortgage loans with a value at least equal to 100% of the aggregate principal amount of the outstanding bonds held by the Purchaser and (ii) such additional collateral as necessary to have total collateral with a value at least equal to 110% of the outstanding bonds held by the Purchaser. In addition, the Company agreed to guarantee the full performance of the Operating Partnership’s duties and obligations under the Pledge Agreement.
	The Bond Purchase Agreement and the Pledge Agreement include customary events of default, the occurrence of any of which, after any applicable cure period, would permit the Purchaser and Farmer Mac to, among other things, accelerate payment of all amounts outstanding under the Farmer Mac Facility and to exercise its remedies with respect to the pledged collateral, including foreclosure and sale of the agricultural real estate underlying the pledged mortgage loans.
	On April 7, 2015, the Operating Partnership issued a $14.9 million, interest-only bond under the Farmer Mac Facility. The bond has a ten-year term and has a fixed interest rate of 3.69%.
	On April 10, 2015, the Operating Partnership issued a $11.2 million, interest-only bond under the Farmer Mac Facility. The bond has a ten-year term and has a fixed interest rate of 3.68%.
	Aggregate Maturities
	As of March 31, 2015, aggregate maturities of long-term debt for the succeeding years are as follows:
	Year Ending December 31,
	Remaining 9 months in 2015		$	26,000
	2016			26,650,000
	2017			81,100,000
			$	107,776,000
	Fair Value
	FASB ASC 820-10 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows:
		·		Level 1—Inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.
		·		Level 2—Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and inputs that are observable or can be substantially corroborated for the asset or liability, either directly or indirectly.
		·		Level 3—Inputs to the valuation methodology are unobservable, supported by little or no market activity and are significant to the fair value measurement.
	The fair value of the mortgage notes payable is valued using Level 3 inputs under the hierarchy established by GAAP and is calculated based on a discounted cash flow analysis, using interest rates based on management’s estimates of market interest rates on long-term debt with comparable terms whenever the interest rates on the mortgage notes payable are deemed not to be at market rates. As of March 31, 2015 and December 31, 2014, the fair value of the mortgage notes payable was $107.8 million and $113.6 million, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies.
Commitments and Contingencies	Note 7—Commitments and Contingencies
	The Company is not currently subject to any known material contingencies arising from its business operations, nor to any material known or threatened litigation.
	A sale of any of the Contributed Properties that would not provide continued tax deferral to Pittman Hough Farms is contractually restricted until the fifth (with respect to certain properties) or seventh (with respect to certain other properties) anniversary of the completion of the formation transactions. Furthermore, if any such sale or defeasance is foreseeable, the Company is required to notify Pittman Hough Farms and to cooperate with it in considering strategies to defer or mitigate the recognition of gain under the Code by any of the equity interest holders of the recipient of the Operating Partnership units.
	During the first quarter of 2015, the Company entered into purchase agreements with unrelated third-parties to acquire the following farms, which had not closed as of March 31, 2015:
					Total
					approximate
	Farm Name		County		acres		Purchase price
	Nebraska Battle Creek Farms (5 farms)		Madison, NE		1,117		$	9,022,595
	Northeast Nebraska Farms (6 farms)		Pierce, NE		1,160			8,981,209
	Sutter Farm		Yuma, CO		322			2,000,000
	Bobcat Farm		St. Francis, AR		934			3,024,750
	Drury Farm		Yuma, CO		160			950,000
	Swindoll Darby Farm		Tunica, MS		359			1,466,250
	Justice Farms		-1		15,042			-2
					19,094		$	25,444,804
		-1		The Justice farms are located in Beaufort, Currituck, Pamlico, Pasquotank and Perquimans counties, NC; Marlboro county, SC; and Chesapeake, VA.
		-2		The purchase price consists of $49.8 million in cash, 824,398 shares of common stock and 1,993,709 OP units.
	Subsequent to March 31, 2015, the Company completed the Nebraska Battle Creek Farms, Northeast Nebraska Farms, Sutter, Bobcat and Drury farm acquisitions. The Company will account for the Sutter acquisition as an asset acquisition and all others as business combinations.  The initial accounting for the Sutter, Bobcat and Drury farms is not yet complete, making certain disclosures unavailable at this time.  The remaining pending acquisitions are expected to close in the second quarter of 2015, subject to the satisfaction of certain customary closing conditions.
	The preliminary allocation of purchase price for the Nebraska Battle Creek Farms and Northeast Nebraska Farms is as follows and may change during the measurement period if the Company obtains new information regarding the assets acquired or liabilities assumed at the acquisition date:
			Land			Irrigation			Accounts		Accrued Property		Lease		Total
						Improvements			Receivable		Taxes		Intangibles
	Nebraska Battle Creek Farms		$	8,756,895		$	339,000		$	37,375	$	-21,725	$	-88,950	$	9,022,595
	Northeast Nebraska Farms			8,873,203			235,800			29,933		-16,080		-141,647		8,981,209
			$	17,630,098		$	574,800		$	67,308	$	-37,805	$	-230,597	$	18,003,804
	On April 10, 2015, the Operating Partnership issued an aggregate of 238,587 OP units with a fair value of $2.8 million, as of the date of closing, as partial consideration in connection with its acquisition of Nebraska Battle Creek Farms and Northeast Nebraska Farms.
	The unaudited pro forma information presented below does not purport to represent what the actual results of operations of the Company would have been had the business combinations outlined above occurred as of the beginning of the periods presented, nor does it purport to predict the results of operations of future periods.
	The Company accounted for the Nebraska Battle Creek Farms and Northeast Nebraska Farms (collectively the “Farms”) as business combinations.  The unaudited pro forma financial information is presented below as if the Farms acquired subsequent to March 31, 2015 had been acquired on January 1, 2014.
			For the three months ended
			March 31,
	Proforma (unaudited)		2015			2014
	Total operating revenue		$	2,257,038		$	896,847
	Net (loss) income		$	-89,295		$	303,101
	Earnings per share basic and diluted
	Loss per share attributable to common stockholders		$	-0.01
	Weighted-average number of common shares - basic and diluted			7,530,188

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity
Stockholders' Equity	Note 8—Stockholders’ Equity
	The following table summarizes the changes in our stockholders’ equity for the three months ended March 31, 2015:
		Stockholders’ Equity
		Common Stock												Non‑controlling
							Additional					Distributions		Interest in		Total
							Paid-in			Retained		in Excess of		Operating		Stockholders’
		Shares		Par Value			Capital			Deficit		Earnings		Partnership		Equity
	Balance at December 31, 2014	7,731,755		$	75,175		$	68,980,437		$	-568,192	$	-2,130,218	$	17,168,638	$	83,525,840
	Net loss	—			—			—			-156,441		—		-40,137		-196,578
	Grant of unvested restricted stock	3,214			—			—			—		—		—		—
	Forfeiture of unvested restricted stock	-3,214			—			-9,773									-9,773
	Stock based compensation	—			—			248,776			—		—		—		248,776
	Dividends accrued or paid	—			—			—			—		-904,259		-225,620		-1,129,879
	Issuance of stock as consideration in real estate acquisition	63,581			636			712,107			—		—		—		712,743
	Allocation of non-controlling interest in Operating Partnership	—			—			-74,917			—		—		74,917		—
	Balance at March 31, 2015	7,795,336		$	75,811		$	69,856,630		$	-724,633	$	-3,034,477	$	16,977,798	$	83,151,129
	As of March 31, 2015, the Company had 9,740,336 fully diluted outstanding shares, including OP units and restricted shares of common stock.
	Non-controlling Interest in Operating Partnership
	The Company consolidates its Operating Partnership, a majority owned partnership. As of March 31, 2015, the Company owned 80.0% of the outstanding OP units and the remaining 20.0% of the OP units were owned by Pittman Hough Farms, which is included in Non-controlling interest in Operating Partnership on the balance sheet.
	On or after 12 months after becoming a holder of OP units, each limited partner, other than the Company, has the right, subject to the terms and conditions set forth in the partnership agreement of the Operating Partnership, to require the Operating Partnership to redeem all or a portion of such units in exchange for a cash amount equal to the number of tendered units multiplied by the fair market value of a share of the Company’s common stock (determined in accordance with, and subject to adjustment under, the terms of the partnership agreement of the Operating Partnership), unless the terms of such units or a separate agreement entered into between the Operating Partnership and the holder of such units provide that they do not have a right of redemption or provide for a shorter or longer period before such holder may exercise such right of redemption or impose conditions on the exercise of such right of redemption. On or before the close of business on the tenth business day after the Company receives a notice of redemption, the Company may, as the parent of the general partner, in its sole and absolute discretion, but subject to the restrictions on the ownership of common stock imposed under the Company’s charter and the transfer restrictions and other limitations thereof, elect to acquire some or all of the tendered units in exchange for cash or shares of the Company’s common stock, based on an exchange ratio of one share of common stock for each OP Unit (subject to anti-dilution adjustments provided in the partnership agreement).
	If the Company gives the limited partners notice of its intention to make an extraordinary distribution of cash or property to its stockholders or effect a merger, a sale of all or substantially all of its assets, or any other similar extraordinary transaction, each limited partner may exercise its right to redeem its OP units, regardless of the length of time such limited partner has held its OP units.
	Regardless of the rights described above, the Operating Partnership will not have an obligation to issue cash to a unitholder upon a redemption request if the Company elects to redeem the OP units for shares of common stock.  When a unitholder redeems an OP unit, non-controlling interest in the Operating Partnership is reduced and stockholders’ equity is increased.
	The Operating Partnership intends to make distributions on each OP unit in the same amount as those paid on each share of the Company’s common stock, with the distributions on the OP units held by the Company being utilized to make distributions to the Company’s common stockholders.
	Pursuant to the consolidation accounting standard with respect to the accounting and reporting for non-controlling interest changes and changes in ownership interest of a subsidiary, changes in parent’s ownership interest when the parent retains controlling interest in the subsidiary should be accounted for as equity transactions.  The carrying amount of the non-controlling interest shall be adjusted to reflect the change in its ownership interest in the subsidiary, with the offset to equity attributable to the parent.  Accordingly, as a result of the issuance of stock compensation and the shares issued as partial consideration for the acquisition, which caused changes in the ownership percentages between the Company’s stockholders’ equity and non-controlling interest in the Operating Partnership that occurred during the three months ended March 31, 2015, the Company has increased non-controlling interests in the Operating Partnership and decreased additional paid in capital by approximately $.07 million for the three months ended March 31, 2015.
	Distributions
	Our Board of Directors declared and paid the following distributions to common stockholders and holders of OP units for the year ended December 31, 2014 and the three months ended March 31, 2015:
	Fiscal Year	Declaration Date		Record Date		Payment Date		Distribution
								per Common
								Share
	2014	May 14, 2014		July 1, 2014		July 15, 2014		$	0.105
		August 5, 2014		October 1, 2014		October 15, 2014			0.105
		November 20, 2014		January 2, 2015		January 15, 2015			0.116
								$	0.326
	2015	February 25, 2015		April 1, 2015		April 15, 2015		$	0.116
								$	0.116
	In general, common stock cash dividends declared by the Company will be considered ordinary income to stockholders for income tax purposes.  From time to time, a portion of our dividends may be characterized as capital gains or return of capital.
	Stock Repurchase Plan
	On October 29, 2014, the Company announced that the Board of Directors approved a program to repurchase up to $10 million in shares of the Company’s common stock.  Repurchases under this program may be made from time to time, in amounts and prices as the Company deems appropriate.  Repurchases may be made in open market or privately negotiated transactions in compliance with Rule 10b-18, under the Securities Exchange Act of 1934, subject to market conditions, applicable legal requirements, trading restrictions under the Company’s insider trading policy, and other relevant factors.  This share repurchase plan does not obligate the Company to acquire any particular amount of common stock, and it may be modified or suspended at any time at the Company's discretion.  The Company expects to fund repurchases under the program using cash on its balance sheet.  No repurchases had been made as of March 31, 2015.
	Equity Incentive Plan
	The Company may issue equity-based awards to officers, employees, independent contractors and other eligible persons under the Plan. The Plan provides for the grant of stock options, share awards (including restricted stock and restricted stock units), stock appreciation rights, dividend equivalent rights, performance awards, annual incentive cash awards and other equity based awards, including LTIP units, which are convertible on a one-for-one basis into OP units.  The terms of each grant are determined by the compensation committee of the Board of Directors.  As of March 31, 2015, there were 13,717 of shares available for future grant under the Plan.
	From time to time, the Company may award non-vested shares under the Plan, as compensation to officers, employees, non-employee directors and non-employee contractors. The shares vest over a period of time as determined by the Compensation Committee of the Board of Directors at the date of grant. The Company recognizes compensation expense for awards issued to officers, employees and non-employee directors for non-vested shares on a straight-line basis over the vesting period based upon the fair market value of the shares on the date of issuance, adjusted for forfeitures.  The Company recognizes compensation expense for awards issued to non-employee consultants in the same period and in the same manner as if the Company paid cash for the underlying services.
	On February 25, 2015, the Company granted 3,214 restricted shares of common stock, having an aggregate grant date fair value of $35,836, to a newly appointed independent director.  The restricted shares vest ratably over a three-year vesting period, subject to continued service as a director.
	On February 25, 2015, 3,214 restricted shares of common stock, were forfeited by an independent director who resigned from the Company’s Board of Directors.  The Company had recorded $10,820 in stock based compensation and paid $1,047 in dividends.  In conjunction with the forfeiture of restricted shares, the Company reversed $9,773 in previously recorded compensation, net of the dividends paid to the director.
	A summary of the non-vested shares as of March 31, 2015 is as follows:
				Weighted
		Number of		average grant
		shares		date fair value
	Unvested at January 1, 2015	214,283		$	14.00
	Granted on February 25, 2015	3,214			11.15
	Vested	—			—
	Forfeited	-3,214			-14
	Unvested at March 31, 2015	214,283		$	13.96
	For the three months ended March 31, 2015, the Company recognized approximately $0.2 million of stock-based compensation expense related to these restricted stock awards.  As of March 31, 2015, there was $2.0 million of total unrecognized compensation costs related to non-vested stock awards.  As of March 31, 2015, these costs were expected to be primarily recognized over a weighted-average period of 2.1 years.
	On May 5, 2015, the Company’s stockholders approved the Amended and Restated 2014 Equity Incentive Plan (the “Amended Plan”). The Amended Plan increased the aggregate number of shares of the Company’s common stock reserved for issuance under the Plan to 615,070 shares (including the 214,283 shares of restricted common stock that have been granted to the Company’s executive officers, the Company’s non-executive directors and Jesse J. Hough, the Company’s consultant, and 400,787 shares reserved for potential future issuance).
	Earnings per Share
	The limited partners’ outstanding OP units (which may be redeemed for shares of common stock) have been excluded from the diluted earnings per share calculation as there would be no effect on the amounts since the limited partners’ share of income would also be added back to net income. Any anti-dilutive shares have been excluded from the diluted earnings per share calculation. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. Accordingly, distributed and undistributed earnings attributable to unvested restricted shares (participating securities) have been excluded, as applicable, from net income or loss attributable to common stockholders utilized in the basic and diluted earnings per share calculations. Net income or loss figures are presented net of noncontrolling interests in the earnings per share calculations.  The weighted average number of OP units held by the noncontrolling interest was 1,945,000 for the three months ended March 31, 2015.
	For the three months ended March 31, 2015, diluted weighted average common shares do not include the impact of certain unvested compensation-related shares because the effect of these items on diluted earnings per share would be anti-dilutive. For the three months ended March 31, 2015, there were 214,283 anti-dilutive compensation-related shares outstanding.
	The computation of basic and diluted earnings per share is as follows:
		For the
		For the three months ended
		March 31,
		2015
	Numerator:
	Net loss attributable to Farmland Partners Inc.	$	-156,441
Less: Dividends paid on unvested restricted shares		-24,856
Net loss attributable to common stockholders	$	-181,297
Denominator:
Weighted-average number of common shares - basic		7,530,188
Unvested restricted shares (1)		—
Weighted-average number of common shares - diluted		7,530,188
Loss per share attributable to common stockholders - basic and diluted	$	-0.02
(1)   Anti-dilutive for the three months ended March 31, 2015.
Unvested restricted shares are considered participating securities which require the use of the two-class method for the computation of basic and diluted earnings per share.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events
Subsequent Events	Note 9—Subsequent Events
	See Note 6 for subsequent bond issuances under the Farmer Mac Facility.
	See Note 7 for subsequent real estate acquisitions.
	See Note 8 for subsequent issuances of OP units and an amendment to the Plan to increase the number of shares available for future issuance.
	In April 2015, FPI Agribusiness entered into marketing contracts to sell 25,000 bushels of corn in the fourth quarter of 2015, to protect against the crop exposure from farming operations.  The contracts will be accounted for using the normal purchase and sales exception for hedge accounting.

Organization_and_Significant_A1

Organization and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Organization and Significant Accounting Policies
Principles of Combination and Consolidation	Principles of Combination and Consolidation
	The accompanying combined consolidated financial statements are presented on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of the Company and the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation. Upon completion of the IPO and the related formation transactions, the Company succeeded to the operations of FP Land.  FP Land was an entity under the common control of Mr. Pittman, and was organized to hold the equity interests of PH Farms LLC, an Illinois limited liability company, and Cottonwood Valley Land, LLC, a Nebraska limited liability company, both of which are engaged in the ownership of farmland and property related to farming in agricultural markets in Illinois, Nebraska and Colorado.  These financial statements retroactively reflect the consolidated equity ownership structure of the Company and the formation transactions.  The formation transactions were accounted for at historical cost due to the existence of common control.
	Due to the timing of the IPO and the formation transactions, the results of operations for the three months ended March 31, 2014 reflect the results of operations of FP Land.  The Company’s financial condition as of March 31, 2015 and December 31, 2014 and the results of operations for the three months ended March 31, 2015 reflect the financial condition and results of operations of the Company
Interim Financial Information	Interim Financial Information
	The information in the Company’s combined consolidated financial statements for the three months ended March 31, 2015 and 2014 is unaudited.  All significant inter-company balances and transactions have been eliminated in consolidation.  The accompanying financial statements for the three months ended March 31, 2015 and 2014 include adjustments based on management’s estimates (consisting of normal and recurring accruals), which the Company considers necessary for a fair presentation of the results for the periods.  The financial information should be read in conjunction with the combined consolidated financial statements for the year ended December 31, 2014, included in the Company’s Annual Report on Form 10-K, which the Company filed with the Securities and Exchange Commission (the “SEC”) on March 3, 2015.  Operating results for the three months ended March 31, 2015 are not necessarily indicative of actual operating results for the entire year ending December 31, 2015.
Reclassifications	Reclassifications
	Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net (loss) income, equity or cash flows.
Use of Estimates	Use of Estimates
	The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.
Real Estate Acquisitions	Real Estate Acquisitions
	The Company accounts for all acquisitions in accordance with the business combinations standard. When the Company acquires farmland that was previously operated as a rental property, the Company evaluates whether a lease is in place or a crop is being produced at the time of closing of the acquisition.  If a lease is in place or a crop is being produced, the Company accounts for the transaction as a business combination and charges the costs associated with the acquisition to acquisition and due diligence costs on the statement of operations as incurred. Otherwise, acquisitions with no lease in place or crops being produced at the time of acquisition are accounted for as asset acquisitions.  When the Company acquires farmland in a sale-lease back transaction, the Company accounts for the transaction as an asset acquisition and capitalizes the transaction costs incurred in connection with the acquisition.
	Upon acquisition of real estate, the Company allocates the purchase price of the real estate based upon the fair value of the assets and liabilities acquired, which historically have consisted of land, drainage improvements, irrigation improvements, groundwater and grain facilities, and may also consist of intangible assets including in-place leases, above market and below market leases, and tenant relationships. The Company allocates the purchase price to the fair value of the tangible assets of acquired real estate by valuing the land as if it were unimproved. The Company values improvements, including grain facilities, at replacement cost as new, adjusted for depreciation. Management’s estimates of land and groundwater value are made using a comparable sales analysis. Factors considered by management in its analysis of land value include soil types and water availability, the sales prices of comparable farms, and the replacement cost and residual useful life of land improvements. Management’s estimates of groundwater value are made using historical information obtained regarding the applicable aquifer. Factors considered by management in its analysis of groundwater value are related to the location of the aquifer and whether or not the aquifer is a depletable resource or a replenishing resource.  If the aquifer is a replenishing resource, no value is allocated to the groundwater.  The Company includes an estimate of property taxes in the purchase price allocation of acquisitions to account for the expected liability that was acquired.  The Company has not previously acquired properties subject to above or below market leases. If above and below market leases are acquired, the Company will value the intangible assets based on the present value of the difference between prevailing market rates and the in-place rates measured over a period equal to the remaining term of the lease for above market leases and the initial term plus the term of any below market fixed rate renewal options for below market leases that are considered bargain renewal options. The above market lease values will be amortized as a reduction of rental income over the remaining term of the respective leases, and the below market lease values will be amortized as an increase to rental income over the remaining initial terms plus the terms of any below market fixed rate renewal options that are considered bargain renewal options of the respective leases.
	As of March 31, 2015 and December 31, 2014, the Company did not have any in-place lease or tenant relationship intangibles. The purchase price is allocated to in-place lease values and tenant relationships, if they are acquired, based on the Company’s evaluation of the specific characteristics of each tenant’s lease, availability of replacement tenants, probability of lease renewal, estimated down time and its overall relationship with the tenant. The value of in-place lease intangibles and tenant relationships will be included as components of deferred leasing intangibles, and will be amortized over the remaining lease term (and expected renewal periods of the respective leases for tenant relationships) as adjustments to depreciation and amortization expense. If a tenant terminates its lease early, above and below market leases, the in-place lease value and tenant relationships will be immediately written off.
	Using information available at the time acquisition or due diligence costs are incurred, the Company capitalizes acquisition costs for expected asset acquisitions.  If the asset acquisition is abandoned, the capitalized asset acquisition costs will be charged to acquisition and due diligence costs in the period of abandonment.
	Total consideration may include a combination of cash and equity securities.  When equity securities are issued, the Company determines the fair value of the equity securities based on the number of shares of common stock or OP units issued multiplied by the stock price on the date of closing.
	Using information available at the time of acquisition, the Company allocates the total consideration to tangible assets and liabilities and identified intangible assets and liabilities. The Company may adjust the preliminary purchase price allocations after obtaining more information about assets acquired and liabilities assumed at the date of acquisition.
Real Estate	Real Estate
	The Company’s real estate consists of land, groundwater and improvements made to the land consisting of grain facilities, irrigation improvements, drainage improvements and other improvements. The Company records real estate at cost and capitalizes improvements and replacements when they extend the useful life or improve the efficiency of the asset.  The Company begins depreciating assets when the asset is ready for its intended use.
	The Company expenses costs of repairs and maintenance as such costs are incurred. The Company computes depreciation and depletion for assets classified as improvements using the straight-line method over their estimated useful lives as follows:
		Years
	Grain facilities	10	-	25
	Irrigation improvements	3	-	40
	Drainage improvements	27	-	65
	Groundwater	3	-	50
	Other	7	-	40
	The Company periodically evaluates the estimated useful lives for groundwater based on current state water regulations and depletion levels of the aquifers.
	When a sale occurs, the Company recognizes the associated gain when all consideration has been transferred, the sale has closed and there is no material continuing involvement. If a sale is expected to generate a loss, the Company first assesses it through the impairment evaluation process—see ‘‘Impairment’’ below.
Impairment	Impairment
	The Company evaluates its tangible and identifiable intangible real estate assets for impairment indicators whenever events such as declines in a property’s operating performance, deteriorating market conditions or environmental or legal concerns bring recoverability of the carrying value of one or more assets into question. If such events are present, the Company projects the total undiscounted cash flows of the asset, including proceeds from disposition, and compares them to the net book value of the asset. If this evaluation indicates that the carrying value may not be recoverable, an impairment loss is recorded in earnings equal to the amount by which the carrying value exceeds the fair value of the asset. There have been no impairments recognized on real estate assets in the accompanying financial statements.
Cash	Cash
	The Company’s cash at March 31, 2015 and December 31, 2014 was held in the custody of three financial institutions, and the Company’s balance at any given financial institution may at times exceed federally insurable limits. The Company monitors balances with individual financial institutions to mitigate risks relating to balances exceeding such limits.
Deferred Financing Fees	Deferred Financing Fees
	Deferred financing fees include costs incurred by the Company or its predecessor in obtaining debt, which are capitalized and have been allocated to the Company.  During the period ended March 31, 2015, $103,215 in costs were capitalized in conjunction with the issuance of two bonds in April 2015 under the Farmer Mac Facility (as defined below).  During the year ended December 31, 2014, $135,340 and $234,188 in costs were capitalized in conjunction with the modification of the First Midwest Bank debt on April 16, 2014 and the issuance of five bonds under the Farmer Mac Facility, respectively. Deferred financing fees are amortized using the straight-line method, which approximates the effective interest method, over the terms of the related indebtedness. Any unamortized amounts upon early repayment of mortgage notes payable are written off in the period in which repayment occurs. Fully amortized deferred financing fees are removed from the books upon maturity or repayment of the underlying debt. The Company wrote off $12,300 in deferred financing fees in conjunction with the early repayment of debt during the three months ended March 31, 2015. Accumulated amortization of deferred financing fees was $145,404 and $97,439 as of March 31, 2015 and December 31, 2014, respectively.
Deferred Offering Costs	Deferred Offering Costs
	Deferred offering costs include incremental direct costs incurred by the Company in conjunction with pending equity offerings.  At the completion of the offering, the deferred offering costs are recorded as a reduction of the gross proceeds from the applicable offering.  If an offering is abandoned, the previously deferred offering costs will be charged to operations in the period in which the abandonment occurs.
Accounts Receivable	Accounts Receivable
	Accounts receivable are presented at face value, net of the allowance for doubtful accounts. The allowance for doubtful accounts is established through provisions charged against income and is maintained at a level believed adequate by management to absorb estimated bad debts based on historical experience and current economic conditions. The allowance for doubtful accounts was $0 as of March 31, 2015 and December 31, 2014.
Revenue Recognition	Revenue Recognition
	Rental income includes rents that each tenant pays in accordance with the terms of its lease. Minimum rents pursuant to leases are recognized as revenue on a pro rata basis over the lease term. Deferred revenue includes the cumulative difference between the rental revenue recorded on a straight-line basis and the cash rent received from tenants in accordance with the lease terms.
	Leases in place as of March 31, 2015 had terms ranging from one to five years with no renewal options or rent escalations.  The majority of the Company’s leases provide for a fixed cash rent payment.  Tenant leases on acquired farms generally require the tenant to pay the Company rent for the entire initial year regardless of the date of acquisition, if the acquisition is closed prior to, or shortly after, planting of crops.  If the acquisition is closed later in the year, the Company typically receives a partial rent payment or no rent payment at all.
	Certain of the Company’s leases provide for a rent payment determined as a percentage of the gross farm proceeds or a percentage of harvested crops.  Revenue under leases providing for a payment equal to a percentage of the harvested crop or a percentage of the gross farm proceeds is recognized upon notification from the grain facility that grain has been delivered in the Company’s name or when the tenant has notified the Company of the total amount of gross farm proceeds.
	Certain of the Company’s leases provide for minimum cash rent plus a bonus based on gross farm proceeds.  Revenue under this type of lease is recognized on a straight-line basis over the lease term based on the minimum cash rent.  Bonus rent is recognized upon notification from the tenant of the gross farm proceeds for the year.
	Tenant reimbursements include reimbursements for real estate taxes that each tenant pays in accordance with the terms of its lease.  When leases require that the tenant reimburse the Company for property taxes paid by the Company, the reimbursement is reflected as tenant reimbursement revenue on the statement of operations, as earned, and the related property tax expense, as incurred.  When a lease requires that the tenant pay the taxing authority, directly, the Company does not incur this cost.  When it becomes probable that a tenant will not be able to bear the property related costs the Company will accrue the estimated expense.
Income Taxes	Income Taxes
	As a REIT, the Company will be permitted to deduct dividends paid to its stockholders, thereby eliminating the U.S. federal taxation of income represented by such distributions at the Company level, provided certain requirements are met. REITs are subject to a number of organizational and operational requirements. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to U.S. federal income tax (including any applicable alternative minimum tax) on its taxable income at regular corporate tax rates.
	When the Company acquires a property in a business combination, the Company evaluates such acquisition for any related deferred tax assets or liabilities and determines if a deferred tax asset or liability should be recorded in conjunction with the purchase price allocation.  If a built-in gain is acquired, the Company evaluates the required holding period (generally 5 - 10 years) and determines if it has the ability and intent to hold the underlying assets for the necessary holding period.  If the Company has the ability to hold the underlying assets for the required holding period, no deferred tax liability is recorded with respect to the built-in gain.
Segment Reporting	Segment Reporting
	The Company’s chief operating decision maker does not evaluate performance on a farm-specific or transactional basis and does not distinguish the Company’s principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company believes it has a single operating segment for reporting purposes in accordance with GAAP.
Earnings Per Share	Earnings Per Share
	Basic earnings per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, excluding the weighted average number of unvested restricted shares (“participating securities” as defined in Note 8).  Diluted earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period plus other potentially dilutive securities such as stock grants or shares that would be issued in the event that OP units are redeemed for shares of common stock of the Company.  No adjustment is made for shares that are anti-dilutive during a period.
Stock Based Compensation	Stock Based Compensation
	From time to time, the Company may award non-vested shares under the Company’s 2014 Equity Incentive Plan (the “Plan”) as compensation to officers, employees, non-employee directors and non-employee consultants (See Note 8).  The shares issued to officers, employees, and non-employee directors vest over a period of time as determined by the Board of Directors at the date of grant.  The Company recognizes compensation expense for non-vested shares granted to officers, employees and non-employee directors on a straight-line basis over the requisite service period based upon the fair market value of the shares on the date of grant, as adjusted for forfeitures.  When an unvested award is forfeited, the Company recognizes compensation expense for dividends paid on the unvested award.  The Company recognizes expense related to non-vested shares granted to non-employee consultants over the period that services are received.  The change in fair value of the shares to be issued upon vesting is remeasured at each reporting period and is recorded in general and administrative expenses on the combined consolidated statement of operations.  As of March 31, 2015, the Company recorded an increase in stock based compensation of $34,343, as a result of a change in fair value of the unvested shares.
New or Revised Accounting Standards Not Yet Effective	New or Revised Accounting Standards Not Yet Effective
	In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs.  ASU 2015-03 requires the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge asset. ASU 2015-03 is effective for annual periods beginning after December 15, 2015, but early adoption is permitted. The adoption of this standard is not expected to have a material effect on the Company’s combined consolidated financial statements or financial covenants.

Organization_and_Significant_A2

Organization and Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Organization and Significant Accounting Policies
Schedule of estimated useful lives of assets classified as improvements
		Years
	Grain facilities	10	-	25
	Irrigation improvements	3	-	40
	Drainage improvements	27	-	65
	Groundwater	3	-	50
	Other	7	-	40

Revenue_Recognition_Tables

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2015
Revenue Recognition
Summary of cash rent received and rental income recognized
		Cash rent received				Rental income recognized
		For the three months ended				For the three months ended
		March 31,				March 31,
		2015		2014		2015		2014
	Leases in effect at the beginning of the year	$	5,158,817	$	34,288	$	1,737,395	$	635,854
	Leases entered into during the year		1,366,685		—		292,751		—
		$	6,525,502	$	34,288	$	2,030,146	$	635,854
Schedule of future minimum lease payments from tenants under all non-cancelable leases, excluding tenant reimbursement of expenses and lease payments based on a percentage of farming revenues or crops
		Future rental
	Year Ending December 31,	payments
	Remaining 9 months in 2015	$	1,036,348
	2016		6,553,251
	2017		2,471,164
	2018		484,550
		$	10,545,313

Concentration_Risk_Tables

Concentration Risk (Tables)	3 Months Ended
	Mar. 31, 2015
Tenant concentration
Concentration Risk
Summary of concentrations
			Rental income recognized
			For the three months ended
			March 31,
			2015					2014
	Astoria Farms		$	546,876		26.9	%	$	545,035		85.7	%
	Hough Farms			123,553		6.1	%		73,675		11.6	%
	Hudye Farms tenant A (1)			201,740		9.9	%		—		—	%
			$	872,169				$	618,710
			Cash rent received
			For the three months ended
			March 31,
			2015					2014
	Astoria Farms		$	2,187,503		33.5	%	$	—		—	%
	Hough Farms			528,824		8.1	%		—		—	%
	Hudye Farms tenant A (1)			677,612		10.4	%		—		—	%
			$	3,393,939				$	—
		-1		Hudye Farms was acquired in June 12, 2014.
Geographic concentration
Concentration Risk
Summary of concentrations
							Rental income
			Approximate % of total acres				For the three
							months ended
			as of March 31,				March 31,
	Location of Farm		2015		2014		2015		2014
	Colorado		39.3	%	13.1	%	25.6	%	—	%
	Arkansas		16.4	%	—	%	9.2	%	—	%
	South Carolina		14.8	%	—	%	18.8	%	—	%
	Illinois		11.6	%	78.5	%	27.8	%	88.4	%
	Nebraska		6.8	%	8.4	%	7.2	%	11.6	%
	Mississippi		5.7	%	—	%	5.7	%	—	%
	Louisiana		4.0	%	—	%	4.7	%	—	%
	Kansas		1.4	%	—	%	1.0	%	—	%
			100.0	%	100.0	%	100.0	%	100.0	%

Real_Estate_Tables

Real Estate (Tables)	3 Months Ended
	Mar. 31, 2015
Real Estate
Schedule of farms acquired
	During the three months ended March 31, 2015, the Company acquired the following farms:
							Total
					Date		approximate	Purchase		Acquisition
	Acquisitions		Location		acquired		acres	price		costs		Type of Acquisition
	Swarek		Quitman, MS		1/14/15		850	$	3,511,919	$	5,819	Asset acquisition
	Stonington Bass		Baca, CO		2/18/15		997		2,079,000		1,277	Business combination
	Benda Butler		Butler, NE		2/24/15		73		605,799		1,393	Asset acquisition
	Benda Polk		Polk, NE		2/24/15		123		860,998		1,748	Asset acquisition
	Timmerman (1)		Yuma, CO		3/13/15		315		2,026,220		477	Asset acquisition
	Cypress Bay		Bamberg, SC		3/13/15		502		2,303,573		3,573	Asset acquisition
							2,860	$	11,387,509	$	14,287
		-1		On March 13, 2015, the Company issued 63,581 shares of common stock (with a fair value of $712,743, as of the date of closing) as partial consideration for the acquisition of the Timmerman farm.
Schedule of preliminary or final allocation of purchase price for farms acquired
	The preliminary allocation of purchase price for the farms acquired during the three months ended March 31, 2015 are as follows:
			Land			Groundwater		Irrigation		Other		Accrued		Total
								Improvements				property
												taxes
	Swarek		$	3,470,706		$	—	$	41,213	$	—	$	—	$	3,511,919
	Stonington Bass			1,994,800			—		79,600		4,600		—		2,079,000
	Benda Butler			606,566			—		—		—		-767		605,799
	Benda Polk			861,714			—		—		—		-716		860,998
	Timmerman			1,365,403			625,900		36,600		—		-1,683		2,026,220
	Cypress Bay			1,959,173			—		276,000		68,400		—		2,303,573
			$	10,258,362		$	625,900	$	433,413	$	73,000	$	-3,166	$	11,387,509
Schedule of unaudited pro forma financial information
			For the three months ended
			March 31,
	Proforma (unaudited)		2015			2014
	Total operating revenue		$	2,257,038		$	896,847
	Net (loss) income		$	-89,295		$	303,101
	Earnings per share basic and diluted
	Loss per share attributable to common stockholders		$	-0.01
	Weighted-average number of common shares - basic and diluted			7,530,188

Mortgage_Notes_and_Bonds_Payab1

Mortgage Notes and Bonds Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Mortgage Notes and Bonds Payable
Schedule of indebtedness outstanding
														Book
						Annual								Value of
						Interest								Collateral
						Rate as of	Principal Outstanding as of							as of
	Loan		Payment Terms		Interest Rate Terms	March 31,	March 31,			December 31,			Maturity	March 31,
						2015	2015			2014				2015
	First Midwest Bank		Annual principal and quarterly interest		Greater of LIBOR + 2.59%  and 2.80%	2.80%	$	676,000	(a)	$	754,000	(a)	Jun-16	$	1,073,167	(b)
	First Midwest Bank		Annual principal and quarterly interest		Greater of LIBOR + 2.59%  and 2.80%	2.80%		26,000,000	(a)		30,000,000	(a)	Mar-16		24,061,440	(c)
	Farmer Mac Bond #1		Semi-annual interest only		2.40%	2.40%		20,700,000			20,700,000		Sep-17		31,958,411
	Farmer Mac Bond #2		Semi-annual interest only		2.35%	2.35%		5,460,000			5,460,000		Oct-17		9,012,119
	Farmer Mac Bond #3		Semi-annual interest only		2.50%	2.50%		10,680,000			10,680,000		Nov-17		10,742,092
	Farmer Mac Bond #4		Semi-annual interest only		2.50%	2.50%		13,400,000			13,400,000		Dec-17		23,565,007
	Farmer Mac Bond #5		Semi-annual interest only		2.56%	2.56%		30,860,000			30,860,000		Dec-17		52,888,112
	Tindall		Principal at maturity		0.00%	—		—			1,180,800		Jan-15		—
	Beck		Principal at maturity		0.00%	—		—			563,500		Jan-15		—
	Mentink		Principal at maturity		0.00%	—		—			280,000		Jan-15		—
	Total						$	107,776,000		$	113,878,300			$	153,300,348
		(a)		Messrs. Pittman and Hough unconditionally agreed to jointly and severally guarantee $11.0 million.
		(b)		The book value of collateral as of December 31, 2014 was $1,073,167.
		(c)		The book value of collateral as of December 31, 2014 was $26,410,132.
Schedule of aggregate maturities of long-term debt
	Year Ending December 31,
	Remaining 9 months in 2015		$	26,000
	2016			26,650,000
	2017			81,100,000
			$	107,776,000

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2015
Schedule of purchase agreements
	During the first quarter of 2015, the Company entered into purchase agreements with unrelated third-parties to acquire the following farms, which had not closed as of March 31, 2015:
					Total
					approximate
	Farm Name		County		acres		Purchase price
	Nebraska Battle Creek Farms (5 farms)		Madison, NE		1,117		$	9,022,595
	Northeast Nebraska Farms (6 farms)		Pierce, NE		1,160			8,981,209
	Sutter Farm		Yuma, CO		322			2,000,000
	Bobcat Farm		St. Francis, AR		934			3,024,750
	Drury Farm		Yuma, CO		160			950,000
	Swindoll Darby Farm		Tunica, MS		359			1,466,250
	Justice Farms		-1		15,042			-2
					19,094		$	25,444,804
		-1		The Justice farms are located in Beaufort, Currituck, Pamlico, Pasquotank and Perquimans counties, NC; Marlboro county, SC; and Chesapeake, VA.
		-2		The purchase price consists of $49.8 million in cash, 824,398 shares of common stock and 1,993,709 OP units.
Schedule of unaudited pro forma financial information
			For the three months ended
			March 31,
	Proforma (unaudited)		2015			2014
	Total operating revenue		$	2,257,038		$	896,847
	Net (loss) income		$	-89,295		$	303,101
	Earnings per share basic and diluted
	Loss per share attributable to common stockholders		$	-0.01
	Weighted-average number of common shares - basic and diluted			7,530,188
Business combinations
Schedule of preliminary allocation of purchase price
			Land			Irrigation			Accounts		Accrued Property		Lease		Total
						Improvements			Receivable		Taxes		Intangibles
	Nebraska Battle Creek Farms		$	8,756,895		$	339,000		$	37,375	$	-21,725	$	-88,950	$	9,022,595
	Northeast Nebraska Farms			8,873,203			235,800			29,933		-16,080		-141,647		8,981,209
			$	17,630,098		$	574,800		$	67,308	$	-37,805	$	-230,597	$	18,003,804

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity
Summary of changes in stockholders' equity
		Stockholders’ Equity
		Common Stock												Non‑controlling
							Additional					Distributions		Interest in		Total
							Paid-in			Retained		in Excess of		Operating		Stockholders’
		Shares		Par Value			Capital			Deficit		Earnings		Partnership		Equity
	Balance at December 31, 2014	7,731,755		$	75,175		$	68,980,437		$	-568,192	$	-2,130,218	$	17,168,638	$	83,525,840
	Net loss	—			—			—			-156,441		—		-40,137		-196,578
	Grant of unvested restricted stock	3,214			—			—			—		—		—		—
	Forfeiture of unvested restricted stock	-3,214			—			-9,773									-9,773
	Stock based compensation	—			—			248,776			—		—		—		248,776
	Dividends accrued or paid	—			—			—			—		-904,259		-225,620		-1,129,879
	Issuance of stock as consideration in real estate acquisition	63,581			636			712,107			—		—		—		712,743
	Allocation of non-controlling interest in Operating Partnership	—			—			-74,917			—		—		74,917		—
	Balance at March 31, 2015	7,795,336		$	75,811		$	69,856,630		$	-724,633	$	-3,034,477	$	16,977,798	$	83,151,129
Schedule of declaration and payment of distribution
	Fiscal Year	Declaration Date		Record Date		Payment Date		Distribution
								per Common
								Share
	2014	May 14, 2014		July 1, 2014		July 15, 2014		$	0.105
		August 5, 2014		October 1, 2014		October 15, 2014			0.105
		November 20, 2014		January 2, 2015		January 15, 2015			0.116
								$	0.326
	2015	February 25, 2015		April 1, 2015		April 15, 2015		$	0.116
								$	0.116
Summary of non-vested shares
				Weighted
		Number of		average grant
		shares		date fair value
	Unvested at January 1, 2015	214,283		$	14.00
	Granted on February 25, 2015	3,214			11.15
	Vested	—			—
	Forfeited	-3,214			-14
	Unvested at March 31, 2015	214,283		$	13.96
Schedule of computation of basic and diluted earnings per share
		For the
		For the three months ended
		March 31,
		2015
	Numerator:
	Net loss attributable to Farmland Partners Inc.	$	-156,441
	Less: Dividends paid on unvested restricted shares		-24,856
	Net loss attributable to common stockholders	$	-181,297
	Denominator:
	Weighted-average number of common shares - basic		7,530,188
	Unvested restricted shares (1)		—
	Weighted-average number of common shares - diluted		7,530,188
	Loss per share attributable to common stockholders - basic and diluted	$	-0.02
	(1)   Anti-dilutive for the three months ended March 31, 2015.

Organization_and_Significant_A3

Organization and Significant Accounting Policies (Details)	Mar. 31, 2015	Mar. 16, 2015
	item	acre
	acre
Organization and Significant Accounting Policies
Number of farms owned	93
Number of grain storage facilities owned	6
Area of Real Estate Property	2,860	563
OP units
Organization and Significant Accounting Policies
Ownership interest (as a percent)	80.00%
Operating Partnership | OP units
Organization and Significant Accounting Policies
Ownership interest (as a percent)	80.00%
Operating Partnership | FP Land merger, transaction between entities under common control | Pittman Hough Farms | FP Land LLC
Organization and Significant Accounting Policies
Fee simple interest in the properties (as a percent)	100.00%
Number of farms owned	38
Number of grain storage facilities owned	3

Organization_and_Significant_A4

Organization and Significant Accounting Policies (Details 2)	3 Months Ended
	Mar. 31, 2015
Grain facilities | Minimum
Real Estate
Estimated useful lives	10 years
Grain facilities | Maximum
Real Estate
Estimated useful lives	25 years
Irrigation improvements | Minimum
Real Estate
Estimated useful lives	3 years
Irrigation improvements | Maximum
Real Estate
Estimated useful lives	40 years
Drainage improvements | Minimum
Real Estate
Estimated useful lives	27 years
Drainage improvements | Maximum
Real Estate
Estimated useful lives	65 years
Groundwater | Minimum
Real Estate
Estimated useful lives	3 years
Groundwater | Maximum
Real Estate
Estimated useful lives	50 years
Other | Minimum
Real Estate
Estimated useful lives	7 years
Other | Maximum
Real Estate
Estimated useful lives	40 years

Organization_and_Significant_A5

Organization and Significant Accounting Policies (Details 3) (USD $)	3 Months Ended	12 Months Ended	1 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Apr. 30, 2015	Apr. 16, 2014
		item	item
Impairment
Impairments recognized on real estate assets	$0
Deferred Financing Fees
Deferred financing fees written off	12,300
Accumulated amortization of deferred financing fees	145,404	97,439
Organization and Significant Accounting Policies
Allowance for doubtful accounts	0	0
Loan Agreement
Organization and Significant Accounting Policies
Financing fees capitalized		135,340		135,340
Farmer Mac Facility
Organization and Significant Accounting Policies
Number of bonds issued		5
Farmer Mac Facility | Secured notes
Organization and Significant Accounting Policies
Financing fees capitalized	$103,215	234,188
Subsequent event | Farmer Mac Facility
Organization and Significant Accounting Policies
Number of bonds issued			2
Minimum
Organization and Significant Accounting Policies
Term of leases	1 year
Required holding period	5 years
Maximum
Organization and Significant Accounting Policies
Term of leases	5 years
Required holding period	10 years

Organization_and_Significant_A6

Organization and Significant Accounting Policies (Details 4) (Non-employee consultants, Restricted shares, General and administrative expenses, USD $)	3 Months Ended
	Mar. 31, 2015
Non-employee consultants | Restricted shares | General and administrative expenses
Non-employee consultant stock based compensation
Stock based compensation reduction	$34,343

Revenue_Recognition_Details

Revenue Recognition (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	lease
Revenue Recognition
Number of lease payments received per year	1
Deferred revenue	$5,913,183		$1,364,737
Cash rent received	6,525,502	34,288
Rental income recognized	2,030,146	635,854
Contractual rents
Remaining 9 months in 2015	1,036,348
2016	6,553,251
2017	2,471,164
2018	484,550
Total	10,545,313
Leases in effect at the beginning of the year
Revenue Recognition
Cash rent received	5,158,817	34,288
Rental income recognized	1,737,395	635,854
Leases entered into during the year
Revenue Recognition
Cash rent received	1,366,685
Rental income recognized	292,751
Farm acquisitions | Leases entered into during the year
Revenue Recognition
Cash rent received	$360,016

Concentration_Risk_Details

Concentration Risk (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Concentration Risk
Rental income	$2,030,146	$635,854
Cash rent received	6,525,502	34,288
Minimum
Concentration Risk
Number of counties in which farms are located	2
Maximum
Concentration Risk
Number of counties in which farms are located	5
Tenant concentration
Concentration Risk
Rental income	872,169	618,710
Cash rent received	3,393,939
Tenant concentration | Astoria Farms
Concentration Risk
Rental income	546,876	545,035
Cash rent received	2,187,503
Concentration risk (as a percent)	33.50%
Tenant concentration | Hough Farms
Concentration Risk
Rental income	123,553	73,675
Cash rent received	528,824
Concentration risk (as a percent)	8.10%
Tenant concentration | Hudye Farms tenant A (1)
Concentration Risk
Rental income	201,740
Cash rent received	$677,612
Concentration risk (as a percent)	10.40%
Rental income | Tenant concentration | Astoria Farms
Concentration Risk
Concentration risk (as a percent)	26.90%	85.70%
Rental income | Tenant concentration | Hough Farms
Concentration Risk
Concentration risk (as a percent)	6.10%	11.60%
Rental income | Tenant concentration | Hudye Farms tenant A (1)
Concentration Risk
Concentration risk (as a percent)	9.90%
Rental income | Geographic concentration
Concentration Risk
Concentration risk (as a percent)	100.00%	100.00%
Rental income | Geographic concentration | Colorado
Concentration Risk
Concentration risk (as a percent)	25.60%
Rental income | Geographic concentration | Arkansas
Concentration Risk
Concentration risk (as a percent)	9.20%
Rental income | Geographic concentration | South Carolina
Concentration Risk
Concentration risk (as a percent)	18.80%
Rental income | Geographic concentration | Illinois
Concentration Risk
Concentration risk (as a percent)	27.80%	88.40%
Rental income | Geographic concentration | Nebraska
Concentration Risk
Concentration risk (as a percent)	7.20%	11.60%
Rental income | Geographic concentration | Mississippi
Concentration Risk
Concentration risk (as a percent)	5.70%
Rental income | Geographic concentration | Louisiana
Concentration Risk
Concentration risk (as a percent)	4.70%
Rental income | Geographic concentration | Kansas
Concentration Risk
Concentration risk (as a percent)	1.00%
Approximate total acres | Geographic concentration
Concentration Risk
Concentration risk (as a percent)	100.00%	100.00%
Approximate total acres | Geographic concentration | Colorado
Concentration Risk
Concentration risk (as a percent)	39.30%	13.10%
Approximate total acres | Geographic concentration | Arkansas
Concentration Risk
Concentration risk (as a percent)	16.40%
Approximate total acres | Geographic concentration | South Carolina
Concentration Risk
Concentration risk (as a percent)	14.80%
Approximate total acres | Geographic concentration | Illinois
Concentration Risk
Concentration risk (as a percent)	11.60%	78.50%
Approximate total acres | Geographic concentration | Nebraska
Concentration Risk
Concentration risk (as a percent)	6.80%	8.40%
Approximate total acres | Geographic concentration | Mississippi
Concentration Risk
Concentration risk (as a percent)	5.70%
Approximate total acres | Geographic concentration | Louisiana
Concentration Risk
Concentration risk (as a percent)	4.00%
Approximate total acres | Geographic concentration | Kansas
Concentration Risk
Concentration risk (as a percent)	1.40%

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended		0 Months Ended	1 Months Ended	0 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Apr. 16, 2014	Feb. 28, 2015	Jun. 09, 2014	Apr. 16, 2014	Dec. 31, 2014
Related Party Transactions
Accounts receivable from related party	$249,778						$182,763
Reduction for accrued interest	-256,945	-304,647
Astoria Farms and Hough Farms | Lease agreements
Related Party Transactions
Rent from related party	670,429	618,710
Pittman Hough Farms | Professional fees paid on behalf of Company
Related Party Transactions
Expenses from related party	0	57,558
American Agriculture Corporation | Shared services agreement
Related Party Transactions
Expenses from related party	16,816
Fee amount			175,000
Hough Farms
Related Party Transactions
Outstanding payables	0						18,750
Jesse J. Hough | Consulting agreement
Related Party Transactions
Expenses from related party	18,750
Fee amount			75,000	125,000
Jesse J. Hough | American Agriculture Corporation
Related Party Transactions
Ownership interest (as a percent)	25.00%
Pittman Hough Farms | Professional fees paid on behalf of Company | General and administrative expenses
Related Party Transactions
Expenses from related party					51,537
Pittman Hough Farms | Reimbursements agreement
Related Party Transactions
Reduction for accrued interest			78,603
Fee amount						1,361,321
Pittman Hough Farms | Astoria Farms
Related Party Transactions
Ownership interest (as a percent)	33.34%
Pittman Hough Farms | Paul A. Pittman
Related Party Transactions
Ownership interest (as a percent)	75.00%
American Agriculture Corporation
Related Party Transactions
Outstanding payables	$9,788						$49,160
American Agriculture Corporation | Paul A. Pittman
Related Party Transactions
Ownership interest held by related party (as a percent)	75.00%
American Agriculture Corporation | Jesse J. Hough
Related Party Transactions
Ownership interest held by related party (as a percent)	25.00%
Approximate total acres | Tenant concentration | Astoria Farms and Hough Farms
Related Party Transactions
Percentage of total	15.90%

Real_Estate_Details

Real Estate (Details) (USD $)	3 Months Ended	0 Months Ended
	Mar. 31, 2015	Jan. 14, 2015	Feb. 24, 2015	Mar. 31, 2015	Mar. 13, 2015	Feb. 18, 2015	Mar. 16, 2015
	acre						acre
	item
Real Estate
Number of farms owned	93			93
Number of grain storage facilities owned	6			6
Farms acquired and allocation of purchase price
Total approximate acres	2,860			2,860			563
Purchase price	$11,387,509
Acquisition costs	14,287			14,287
Issuance of stock as consideration in real estate acquisition	712,743
Accrued property taxes	-3,166			-3,166
Acquisition related costs	10,914
Irrigation improvements
Farms acquired and allocation of purchase price
Real estate	433,413			433,413
Groundwater
Farms acquired and allocation of purchase price
Real estate	625,900			625,900
Other
Farms acquired and allocation of purchase price
Real estate	73,000			73,000
Swarek | Irrigation improvements
Farms acquired and allocation of purchase price
Real estate	41,213			41,213
Stonington-Bass | Irrigation improvements
Farms acquired and allocation of purchase price
Real estate	79,600			79,600
Stonington-Bass | Other
Farms acquired and allocation of purchase price
Real estate	4,600			4,600
Benda Butler
Farms acquired and allocation of purchase price
Accrued property taxes	-767			-767
Benda Polk
Farms acquired and allocation of purchase price
Accrued property taxes	-716			-716
Timmerman
Farms acquired and allocation of purchase price
Accrued property taxes	-1,683			-1,683
Timmerman | Irrigation improvements
Farms acquired and allocation of purchase price
Real estate	36,600			36,600
Timmerman | Groundwater
Farms acquired and allocation of purchase price
Real estate	625,900			625,900
Cypress Bay Farm | Irrigation improvements
Farms acquired and allocation of purchase price
Real estate	276,000			276,000
Cypress Bay Farm | Other
Farms acquired and allocation of purchase price
Real estate	68,400			68,400
Farm acquisitions | Land
Farms acquired and allocation of purchase price
Real estate	10,258,362			10,258,362
Farm acquisitions | Smith farm | McDonough County, IL
Farms acquired and allocation of purchase price
Total	11,387,509			11,387,509
Farm acquisitions | Swarek | Land
Farms acquired and allocation of purchase price
Real estate	3,470,706			3,470,706
Farm acquisitions | Swarek | McDonough County, IL
Farms acquired and allocation of purchase price
Total	3,511,919			3,511,919
Farm acquisitions | Swarek | Quitman, MS
Farms acquired and allocation of purchase price
Acquisition date		14-Jan-15
Total approximate acres		850
Purchase price		3,511,919
Acquisition costs		5,819
Farm acquisitions | Stonington-Bass | Land
Farms acquired and allocation of purchase price
Real estate	1,994,800			1,994,800
Farm acquisitions | Stonington-Bass | McDonough County, IL
Farms acquired and allocation of purchase price
Total	2,079,000			2,079,000
Farm acquisitions | Benda Butler | Land
Farms acquired and allocation of purchase price
Real estate	606,566			606,566
Farm acquisitions | Benda Butler | McDonough County, IL
Farms acquired and allocation of purchase price
Total	605,799			605,799
Farm acquisitions | Benda Butler | Butler, NE
Farms acquired and allocation of purchase price
Acquisition date			24-Feb-15
Total approximate acres			73
Purchase price			605,799
Acquisition costs			1,393
Farm acquisitions | Benda Polk | Land
Farms acquired and allocation of purchase price
Real estate	861,714			861,714
Farm acquisitions | Benda Polk | McDonough County, IL
Farms acquired and allocation of purchase price
Total	860,998			860,998
Farm acquisitions | Benda Polk | Polk, NE
Farms acquired and allocation of purchase price
Acquisition date			24-Feb-15
Total approximate acres			123
Purchase price			860,998
Acquisition costs			1,748
Farm acquisitions | Timmerman | Land
Farms acquired and allocation of purchase price
Real estate	1,365,403			1,365,403
Farm acquisitions | Timmerman | McDonough County, IL
Farms acquired and allocation of purchase price
Total	2,026,220			2,026,220
Farm acquisitions | Timmerman | Yuma, CO
Farms acquired and allocation of purchase price
Acquisition date				13-Mar-15
Total approximate acres	315			315
Purchase price				2,026,220
Acquisition costs	477			477
Issuance of stock as consideration in real estate acquisition					712,743
Issuance of stock as consideration in real estate acquisition (in shares)					63,581
Farm acquisitions | Cypress Bay Farm | Land
Farms acquired and allocation of purchase price
Real estate	1,959,173			1,959,173
Farm acquisitions | Cypress Bay Farm | McDonough County, IL
Farms acquired and allocation of purchase price
Total	2,303,573			2,303,573
Farm acquisitions | Cypress Bay Farm | Bamberg, SC
Farms acquired and allocation of purchase price
Acquisition date				13-Mar-15
Total approximate acres	502			502
Purchase price				2,303,573
Acquisition costs	3,573			3,573
Business combinations
Farms acquired and allocation of purchase price
Total revenue from date of acquisition	0
Net income from date of acquisition	2,471
Acquisition related costs	1,277
Business combinations | Stonington-Bass | Baca, CO
Farms acquired and allocation of purchase price
Acquisition date						18-Feb-15
Total approximate acres						997
Purchase price						2,079,000
Acquisition costs						$1,277

Mortgage_Notes_and_Bonds_Payab2

Mortgage Notes and Bonds Payable (Details) (USD $)	3 Months Ended	0 Months Ended					1 Months Ended	0 Months Ended
	Mar. 31, 2015	Aug. 22, 2014	Feb. 24, 2015	Apr. 07, 2015	Apr. 10, 2015	Apr. 16, 2014	Apr. 16, 2014	Mar. 24, 2014	Dec. 31, 2014	Oct. 13, 2014
							item
Mortgage notes payable
Principal Outstanding	$107,776,000								$113,878,300
Book Value of Collateral	153,300,348
Unamortized deferred financing fees written off	12,300
Aggregate maturities of long-term debt
Remaining 9 months in 2015	26,000
2016	26,650,000
2017	81,100,000
Total	107,776,000
Farmer Mac Facility
Mortgage notes payable
Outstanding debt	81,100,000
Remaining borrowing capacity	68,900,000
Fair value of property pledged as collateral	28,400,000
Effective loan-to-value ratios as a percentage of the appraised value of agricultural real estate securing such mortgage loans	60.00%
Available borrowing capacity	17,000,000
Tangible net worth	60,800,000
Farmer Mac Facility | Secured notes
Mortgage notes payable
Financing fees capitalized	103,215								234,188
Effective loan-to-value ratios as a percentage of the appraised value of agricultural real estate securing such mortgage loans	60.00%
Farmer Mac Facility | Secured notes | Subsequent event
Mortgage notes payable
Maximum aggregate principal amount										150,000,000
Farmer Mac Facility | Secured notes | Minimum
Mortgage notes payable
Fixed charge coverage ratio		1.5
Collateral value as percentage of aggregate principal amount of outstanding notes (as a percent)		100.00%
Total collateral value as percentage of aggregate principal amount of outstanding notes (as a percent)		110.00%
Farmer Mac Facility | Secured notes | Maximum
Mortgage notes payable
Leverage ratio (as a percent)		60.00%
Loan Agreement
Mortgage notes payable
Financing fees capitalized						135,340	135,340		135,340
Loan Agreement | Minimum
Mortgage notes payable
Account balance required to be maintained	500,000
Fixed charge coverage ratio			1.5
Loan Agreement | Maximum
Mortgage notes payable
Leverage ratio (as a percent)			0.60%
Operating Partnership | Loan Agreement
Mortgage notes payable
Principal amount of loan						30,800,000	30,800,000
Operating Partnership | Loan Agreement | Guarantee of obligations | Messrs. Pittman and Hough
Mortgage notes payable
Principal amount of loan						11,000,000	11,000,000
Operating Partnership | April 7, 2015 3.69 percent interest only bond | Farmer Mac Facility | Secured notes | Subsequent event
Mortgage notes payable
Interest Rate (as a percent)				3.69%
Principal amount of loan				14,900,000
Term				10 years
Operating Partnership | April 10, 2015 3.68 percent interest only bond | Farmer Mac Facility | Secured notes | Subsequent event
Mortgage notes payable
Interest Rate (as a percent)					3.68%
Principal amount of loan					11,200,000
Term					10 years
Mortgage notes payable
Mortgage notes payable
Debt repaid						6,500,000
Mortgage notes payable | Fair value | Level 3
Aggregate maturities of long-term debt
Debt	107,800,000								113,600,000
Midwest Bank debt maturing on June 2016 and Mortgage notes payable maturing on March 2016
Mortgage notes payable
Debt repaid			3,080,000			4,700,000
Unamortized deferred financing fees written off							26,929
Number of master notes						1	1
Number of tranches						2
Midwest Bank debt maturing on June 2016 and Mortgage notes payable maturing on March 2016 | Advances | Messrs. Pittman and Hough
Mortgage notes payable
Debt repaid								766,000
Midwest Bank debt maturing on June 2016 and Mortgage notes payable maturing on March 2016 | Loan Agreement
Mortgage notes payable
Number of notes combined to modification of loan						2	2
Mortgage notes payable maturing on June 2016
Mortgage notes payable
Interest Rate (as a percent)									2.80%
Principal Outstanding	676,000								754,000
Book Value of Collateral	1,073,167								1,073,167
Mortgage notes payable maturing on June 2016 | Minimum
Mortgage notes payable
Interest rate (as a percent)	2.80%
Mortgage notes payable maturing on June 2016 | Guarantee of obligations | Messrs. Pittman and Hough
Mortgage notes payable
Principal amount of loan	11,000,000
Mortgage notes payable maturing on June 2016 | LIBOR
Mortgage notes payable
Margin added to reference rate (as a percent)	2.59%
Mortgage notes payable maturing on March 2016
Mortgage notes payable
Interest Rate (as a percent)									2.80%
Principal Outstanding	26,000,000								30,000,000
Book Value of Collateral	24,061,440								26,410,132
Mortgage notes payable maturing on March 2016 | Minimum
Mortgage notes payable
Interest rate (as a percent)	2.80%
Mortgage notes payable maturing on March 2016 | LIBOR
Mortgage notes payable
Margin added to reference rate (as a percent)	2.59%
Farmer Mac Note 1 mortgage notes payable maturing on September 2017
Mortgage notes payable
Interest rate (as a percent)	2.40%
Interest Rate (as a percent)									2.40%
Principal Outstanding	20,700,000								20,700,000
Book Value of Collateral	31,958,411
Farmer Mac Note 2 mortgage notes payable maturing on October 2017
Mortgage notes payable
Interest rate (as a percent)	2.35%
Interest Rate (as a percent)									2.35%
Principal Outstanding	5,460,000								5,460,000
Book Value of Collateral	9,012,119
Farmer Mac Note 3 mortgage notes payable maturing on November 2017
Mortgage notes payable
Interest rate (as a percent)	2.50%
Interest Rate (as a percent)									2.50%
Principal Outstanding	10,680,000								10,680,000
Book Value of Collateral	10,742,092
Farmer Mac Note 4 mortgage notes payable maturing on December 2017
Mortgage notes payable
Interest rate (as a percent)	2.50%
Interest Rate (as a percent)									2.50%
Principal Outstanding	13,400,000								13,400,000
Book Value of Collateral	23,565,007
Farmer Mac Note 5 mortgage notes payable maturing on December 2017
Mortgage notes payable
Interest rate (as a percent)	2.56%
Interest Rate (as a percent)									2.56%
Principal Outstanding	30,860,000								30,860,000
Book Value of Collateral	52,888,112
Beck mortage note payable maturing on January 2015
Mortgage notes payable
Interest rate (as a percent)	0.00%
Principal Outstanding									563,500
Mentink mortage note payable maturing on January 2015
Mortgage notes payable
Interest rate (as a percent)	0.00%
Principal Outstanding									280,000
Tindall Beck And Mentink Mortgage Notes Payable All Maturing January 2015 Member
Mortgage notes payable
Interest rate (as a percent)	0.00%
Principal Outstanding									$1,180,800

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Apr. 10, 2015	Mar. 16, 2015
	acre			acre
Farms acquired and allocation of purchase price
Total approximate acres	2,860			563
Purchase price	$11,387,509
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Accrued property taxes	-3,166
Purchase price	712,743
Issuance of stock as consideration in real estate acquisition	712,743
Earnings per share basic and diluted
Weighted-average number of common shares - basic and diluted	7,530,188
Subsequent event
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	17,630,098
Irrigation Improvements	574,800
Accounts Receivable	67,308
Accrued property taxes	-37,805
Lease intangibles	-230,597
Total	18,003,804
Benda Butler
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Accrued property taxes	-767
Benda Polk
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Accrued property taxes	-716
Justice Farms
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Purchase price	49,800,000
Issuance of stock as consideration in real estate acquisition	49,800,000
Issuance of stock as consideration in real estate acquisition (in shares)	824,398
Operating Partnership | Justice Farms
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Units issued	1,993,709
Nebraska Battle Creek Farms and Northeast Nebraska Farms [Member]
Pro forma
Total operating revenue	2,257,038	896,847
Net income	-89,295	303,101
Earnings per share basic and diluted
Loss per share attributable to common shareholders	($0.01)
Weighted-average number of common shares - basic and diluted	7,530,188
Nebraska Battle Creek Farms and Northeast Nebraska Farms [Member] | Operating Partnership | Subsequent event | OP units
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Units issued			238,587
Purchase price			2,800,000
Issuance of stock as consideration in real estate acquisition			2,800,000
Nebraska Battle Creek Farms | Subsequent event
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	8,756,895
Irrigation Improvements	339,000
Accounts Receivable	37,375
Accrued property taxes	-21,725
Lease intangibles	-88,950
Total	9,022,595
Northeast Nebraska Farms [Member] | Subsequent event
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	8,873,203
Irrigation Improvements	235,800
Accounts Receivable	29,933
Accrued property taxes	-16,080
Lease intangibles	-141,647
Total	8,981,209
Purchase agreement | Expected
Farms acquired and allocation of purchase price
Total approximate acres	19,094
Purchase price	25,444,804
Purchase agreement | Boe Farm | Nebraska | Expected
Farms acquired and allocation of purchase price
Total approximate acres	1,117
Purchase price	9,022,595
Purchase agreement | Lutz Farm | Nebraska | Expected
Farms acquired and allocation of purchase price
Total approximate acres	1,160
Purchase price	8,981,209
Purchase agreement | Sutter Farm | Colorado | Expected
Farms acquired and allocation of purchase price
Total approximate acres	322
Purchase price	2,000,000
Purchase agreement | Bobcat Farm | Arkansas | Expected
Farms acquired and allocation of purchase price
Total approximate acres	934
Purchase price	3,024,750
Purchase agreement | Drury Farm | Colorado | Expected
Farms acquired and allocation of purchase price
Total approximate acres	160
Purchase price	950,000
Purchase agreement | Swindoll Darby Farm | Mississippi | Expected
Farms acquired and allocation of purchase price
Total approximate acres	359
Purchase price	1,466,250
Purchase agreement | Justice Farms | Louisiana | Expected
Farms acquired and allocation of purchase price
Total approximate acres	15,042
Purchase price	($2)

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2015
Increase (decrease) in shareholders' equity
Balance	$83,525,840		$83,525,840
Net Loss	-196,578	134,590	-196,578
Forfeiture of unvested restricted stock	-9,773
Stock based compensation			248,776
Dividend accrued or paid			-1,129,879
Issuance of stock as consideration in real estate acquisition	712,743
Balance	83,151,129
Common stock
Increase (decrease) in shareholders' equity
Balance	75,175		75,175
Balance (in shares)	7,731,755		7,731,755
Grant of unvested restricted stock			3,214
Forfeiture of unvested restricted stock (in shares)	-3,214
Issuance of stock as consideration in real estate acquisition	636
Issuance of stock as consideration in real estate acquisition (in shares)	63,581
Balance	75,811
Balance (in shares)	7,795,336
Additional Paid-in Capital
Increase (decrease) in shareholders' equity
Balance	68,980,437		68,980,437
Forfeiture of unvested restricted stock	-9,773
Stock based compensation			248,776
Issuance of stock as consideration in real estate acquisition	712,107
Reallocation of non-controlling interest in Operating Partnership			-74,917
Balance	69,856,630
Retained Deficit
Increase (decrease) in shareholders' equity
Balance	-568,192		-568,192
Net Loss			-156,441
Balance	-724,633
Distributions in Excess of Earnings
Increase (decrease) in shareholders' equity
Balance	-2,130,218		-2,130,218
Dividend accrued or paid			-904,259
Balance	-3,034,477
Non-controlling interest
Increase (decrease) in shareholders' equity
Balance	17,168,638		17,168,638
Net Loss			-40,137
Dividend accrued or paid			-225,620
Reallocation of non-controlling interest in Operating Partnership			74,917
Balance	$16,977,798

Stockholders_Equity_Details_2

Stockholders' Equity (Details 2) (USD $)	0 Months Ended				3 Months Ended	12 Months Ended
	Feb. 25, 2015	Nov. 20, 2014	Aug. 05, 2014	14-May-14	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Oct. 29, 2014
Shareholders' Equity
Cash dividend declared (in dollars per share)	$0.12	$0.12	$0.11	$0.11	$0.12	$0.33
Number of fully diluted outstanding shares including OP units and restricted stock (in shares)					9,740,336
OP units
Shareholders' Equity
Parent ownership interest (as a percent)					80.00%
Common stock | Operating Partnership | OP units
Shareholders' Equity
Ratio for conversion into common shares					1
Non-controlling interest
Shareholders' Equity
Increase of non-controlling interests and decrease of additional paid in capital							$74,917
Non-controlling interest | Operating Partnership | OP units
Shareholders' Equity
Period after becoming holder of OP Units each limited partner has right to require redemption of units					12 years
Pittman Hough Farms | Operating Partnership | OP units
Shareholders' Equity
Noncontrolling ownership interest (as a percent)					20.00%
Share repurchase
Shareholders' Equity
Stock repurchased					0
Share repurchase | Maximum
Shareholders' Equity
Amount approved for share repurchase program								$10,000,000

Stockholders_Equity_Details_3

Stockholders' Equity (Details 3) (USD $)	3 Months Ended	0 Months Ended
	Mar. 31, 2015	Feb. 25, 2015	5-May-15
Shareholders' Equity
Number of shares available for future grant	13,717
Weighted average grant date fair value
Dividend paid	$24,856
Subsequent event
Shareholders' Equity
Number of shares available for future grant			400,787
Weighted average grant date fair value
Maximum shares of common stock to be issued			615,070
Restricted shares
Number of shares
Unvested at the beginning of the period (in shares)	214,283
Granted (in shares)		3,214
Forfeited (in shares)	-3,214
Unvested at the end of the period (in shares)	214,283
Weighted average grant date fair value
Unvested at the beginning of the period (in dollars per share)	$14
Granted (in dollars per share)		$11.15
Forfeited (in dollars per share)	($14)
Unvested at the end of the period (in dollars per share)	$13.96
Aggregate grant date fair value of shares issued		35,836
Vesting period		3 years
Share-based compensation expense	200,000
Total unrecognized compensation costs related to non-vested stock awards	2,000,000
Weighted average period over which unrecognized compensation costs is expected to be recognized	2 years 1 month 6 days
Restricted shares | Subsequent event
Weighted average grant date fair value
Maximum shares of common stock to be issued			214,283
Restricted shares | Board of Directors
Number of shares
Forfeited (in shares)		-3,214
Weighted average grant date fair value
Share-based compensation expense		10,820
Dividend paid		1,047
Share-based compensation reversed		($9,773)
Operating Partnership | OP units | LTIP Unit
Shareholders' Equity
Conversion ratio	1

Stockholders_Equity_Details_4

Stockholders' Equity (Details 4)	3 Months Ended
	Mar. 31, 2015
Restricted shares
Excluded from diluted earnings per share calculation
Anti-dilutive compensation-related shares outstanding	214,283
Operating Partnership | Non-controlling interest
Excluded from diluted earnings per share calculation
Weighted average number of OP units	1,945,000

Stockholders_Equity_Details_5

Stockholders' Equity (Details 5) (USD $)	3 Months Ended
	Mar. 31, 2015
Numerator:
Net loss attributable to Farmland Partners Inc. (Company)	($156,441)
Less: Dividends paid to unvested restricted shares	-24,856
Net loss available to common stockholders of Farmland Partners Inc.	($181,297)
Denominator:
Weighted-average number of common shares - basic (in shares)	7,530,188
Weighted-average number of common shares - diluted (in shares)	7,530,188
Loss per share attributable to common shareholders - basic and diluted (in dollars per share)	($0.02)

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent event)	1 Months Ended
	Apr. 30, 2015
	item
Subsequent event
Subsequent Events
Number of bushels of corn	25,000