Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Land, at cost	$ 903,728	$ 924,952
Grain facilities	11,283	12,091
Groundwater	10,214	10,214
Irrigation improvements	52,077	53,887
Drainage improvements	12,606	12,805
Permanent plantings	53,519	54,374
Other	6,930	8,167
Construction in progress	9,893	9,284
Real estate, at cost	1,060,250	1,085,774
Less accumulated depreciation	(33,366)	(32,654)
Total real estate, net	1,026,884	1,053,120
Deposits	52
Cash	36,070	27,217
Assets held for sale	541
Notes and interest receivable, net	2,416	2,348
Convertible notes receivable	2,417
Right of use asset	58	93
Deferred financing fees, net	66	87
Accounts receivable, net	3,071	4,120
Inventory	1,104	1,117
Prepaid and other assets	2,530	2,889
TOTAL ASSETS	1,075,209	1,090,991
LIABILITIES
Mortgage notes and bonds payable, net	486,704	506,625
Lease liability	58	93
Dividends payable	1,616	1,612
Derivative liability	1,581	2,899
Accrued interest	3,249	3,446
Accrued property taxes	2,285	1,817
Deferred revenue	7,705	37
Accrued expenses	9,117	8,272
Total liabilities	512,315	524,801
Commitments and contingencies (See Note 8)
Series B Participating Preferred Stock, $0.01 par value, 6,037,500 shares authorized; 5,823,579 shares issued and outstanding at March 31, 2021, and 5,831,870 at December 31, 2020	139,552	139,766
Redeemable non-controlling interest in operating partnership, Series A preferred units	117,878	120,510
EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 30,839,891 shares issued and outstanding at March 31, 2021, and 30,571,271 shares issued and outstanding at December 31, 2020	298	297
Additional paid in capital	347,856	345,870
Retained earnings	332	1,037
Cumulative dividends	(56,291)	(54,751)
Other comprehensive income	(879)	(2,380)
Non-controlling interests in operating partnership	14,148	15,841
Total equity	305,464	305,914
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS IN OPERATING PARTNERSHIP AND EQUITY	$ 1,075,209	$ 1,090,991