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v3.22.2.2

BORROWINGS - Additional Information (Details) |  | 3 Months Ended | 9 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Feb. 03, 2022 USD ($) | Sep. 30, 2022 USD ($) agreement | Mar. 31, 2022 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) bond agreement | Sep. 30, 2021 USD ($) | Feb. 25, 2022 USD ($) | Feb. 02, 2022 USD ($) | Jan. 11, 2022 USD ($) | Dec. 31, 2021 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Net cost basis |  | $ 1,370,916,000 |  |  | $ 1,370,916,000 |  |  |  |  |
Weighted average interest rate |  |  |  | 3.74% |  | 3.72% |  |  |  |
Basis spread on variable rate decrease |  |  | 1.37% |  |  |  |  |  |  |
Number of new bonds | bond |  |  |  |  | 2 |  |  |  |  |
Other income |  | 237,000 |  | $ 20,000 | $ 3,067,000 | $ 2,274,000 |  |  |  |
Borrowings under lines of credit |  | 100,000 |  |  | 100,000 |  |  |  |  | $ 100,000
Expected interest expense reclassification |  |  |  |  | 1,900,000 |  |  |  |  |
Borrowings |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Net cost basis |  | $ 1,200,000,000 |  |  | $ 1,200,000,000 |  |  |  |  |
Weighted average interest rate |  | 3.82% |  |  | 3.76% |  |  |  |  |
Farm Credit Notes Payable |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate decrease |  |  | 29.90% |  |  |  |  |  |  |
Number of loan agreements | agreement |  | 13 |  |  | 13 |  |  |  |  |
Other income |  |  | $ 2,800,000 |  |  |  |  |  |  |
Farm Credit Notes Payable | Notes and Bonds Payables |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Repayments of maturing loans |  |  |  |  | $ 16,900,000 |  |  |  |  |
Farm Credit Notes Payable | Notes and Bonds Payables | Weighted average |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate, stated percentage |  | 4.47% |  |  | 4.47% |  |  |  |  |
Interest rate, effective percentage |  | 2.89% |  |  | 2.89% |  |  |  |  |
MetLife Facility |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | $ 75,000,000 |  |  |  |  |  |  |  |  |
MetLife Facility | Notes and Bonds Payables |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Face amount of debt | $ 100,000,000 |  |  |  |  |  |  | $ 75,000,000 |  |
MetLife Facility | Notes and Bonds Payables | Minimum |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Undrawn amounts | 0.10% |  |  |  | 0.10% |  |  |  |  |
MetLife Facility | Notes and Bonds Payables | Maximum |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Undrawn amounts | 0.20% |  |  |  | 0.20% |  |  |  |  |
Farmer Mac Facility |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Face amount of debt |  | $ 225,000,000 |  |  | $ 225,000,000 |  | $ 1,710,000 |  | $ 1,980,000 |
Secured debt |  | 81,000,000 |  |  | 81,000,000 |  |  |  |  |
Interest rate, stated percentage |  |  |  |  |  |  | 3.68% |  | 3.31% |
Mortgage Notes and Bonds Payable | Notes and Bonds Payables |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Secured debt |  | 643,200,000 |  |  | 643,200,000 |  |  |  |  |
Fair value amount |  | 581,800,000 |  |  | 581,800,000 |  |  |  |  |
Short Term Mortgage Notes And Bonds Payable | Notes and Bonds Payables |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Borrowings under lines of credit |  | $ 100,000 |  |  | $ 100,000 |  |  |  |  |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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