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COMMITMENTS AND CONTINGENCIES | 9 Months Ended
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Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract] |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES Operating Obligations In connection with the execution of certain lease agreements, we have committed to provide capital improvements on certain of our farms, which are summarized in the table below (dollars in thousands):
Farm Location |  | Farm Acreage |  | Total Commitment |  | Obligated Completion Date(1) |  | Amount Expended or Accrued as of September 30, 2021
Tulare, CA |  | 160 |  | $ | 700 |  | (2) | Q4 2021 |  | $ | — |
Wicomico & Caroline, MD, and Sussex, DE |  | 833 |  | 115 |  |  | Q4 2021 |  | 36 |
Hillsborough, FL |  | 110 |  | 400 |  | (2) | Q2 2022 |  | 286 |
Santa Barbara, CA |  | 271 |  | 4,000 |  | (2) | Q3 2022 |  | 2,427 |
St. Lucie, FL |  | 549 |  | 230 |  |  | Q3 2022 |  | 40 |
Hillsborough, FL |  | 55 |  | 2,250 |  | (2) | Q4 2022 |  | 780 |
Napa, CA |  | 270 |  | 1,548 |  | (2) | Q4 2022 |  | — |
Columbia, OR |  | 157 |  | 1,800 |  | (2) | Q3 2024 |  | 1,146 |
Collier & Hendry, FL |  | 3,612 |  | 2,000 |  | (2) | Q2 2025 |  | — |
(1)Our obligation to provide capital to fund these improvements does not extend beyond these respective dates. (2)Pursuant to contractual agreements, we will earn additional rent on the cost of these capital improvements as the funds are disbursed by us. Ground Lease Obligations We are obligated as lessee under three ground leases. Future minimum lease payments due under the remaining non-cancelable terms of these leases as of September 30, 2021, is as follows (dollars in thousands):
Period |  | Future Lease Payments(1)
For the remaining three months ending December 31: | 2021 |  | $ | 33 |  |  |
For the fiscal years ending December 31: | 2022 |  | 70 |  |  |
| 2023 |  | 70 |  |  |
| 2024 |  | 70 |  |  |
| 2025 |  | 40 |  |  |
| 2026 |  | 40 |  |  |
| Thereafter |  | 600 |  |  |
Total undiscounted lease payments | 923 |  |  |
Less: imputed interest | (266) |  |  |
Present value of lease payments | $ | 657 |  |  |
(1)Certain annual lease payments are set at the beginning of each year to then-current market rates (as determined by the State of Arizona, as lessor). The amounts shown above represent estimated amounts based on the lease rates currently in place. As a result of these ground leases, we recorded lease expense (included within Property operating expenses on the accompanying Consolidated Statement of Operations and Comprehensive Income) of approximately $22,000 and $58,000 during the three and nine months ended September 30, 2021, respectively, and approximately $12,000 and $35,000 during the three and nine months ended September 30, 2020, respectively. Litigation In the ordinary course of business, we may be involved in legal proceedings from time to time. We are not currently subject to any material known or threatened litigation.

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