Business Segments (Tables)

3 Months Ended

Mar. 31, 2014

Real estate - commercial/industrial

Segment Reporting Information [Line Items]

Components of segment revenues

The revenue components of the commercial/industrial real estate segment for the three months ended March 31 are as follows:

(In thousands)	2014		2013
Commercial leases	$	1,863	$	1,659
Grazing leases	368		374
All other land management ancillary services	711		689
Total revenue	2,942		2,722
Equity in earnings of unconsolidated joint ventures	459		422
Revenues and equity in earnings of unconsolidated joint ventures	$	3,401	$	3,144

Real estate - resort/residential

Segment Reporting Information [Line Items]

Components of segment revenues

The revenue components of the resort/residential real estate development segment for the three months ended March 31 are as follows:

(In thousands)	2014			2013
Hay sales - Centennial operations	$	266		$	158
Management fees	90			78
Other	3			1
Total revenue	359			237
Equity in earnings (losses) of unconsolidated joint ventures	(21		)	(13		)
Revenues and equity in earnings of unconsolidated joint ventures	$	338		$	224

Mineral resources

Segment Reporting Information [Line Items]

Components of segment revenues

The following table summarizes these activities for each of the three months ended March 31:

($ in thousands)	2014		2013
Oil and gas	$	1,740	$	2,254
Rock aggregate	263		140
Cement	205		160
Land lease for oil exploration	56		312
Total revenue	$	2,264	$	2,866