REPORTING SEGMENTS AND RELATED INFORMATION

We currently operate in five reporting segments: commercial/industrial real estate development, resort/residential real estate development, mineral resources, farming, and ranch operations.

Commercial lease revenue consists of land and building leases to tenants at our commercial retail and industrial developments, base and percentage rents from our Pastoria Energy Facility power plant lease, communication tower rents, and payments from easement leases.

The revenue components of the commercial/industrial real estate development segment were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)	2018		2017		2018		2017
Pastoria Energy Facility	$	877	$	881	$	1,901	$	1,725
TRCC Leasing	429		392		836		919
TRCC management fees and reimbursements	187		238		400		450
Commercial leases	185		156		345		306
Communication leases	297		167		481		374
Landscaping and other	214		176		380		425
Land sale	—		73		—		73
Commercial/industrial revenues	2,189		2,083		4,343		4,272
Equity in earnings from unconsolidated joint ventures	652		1,560		819		1,788
Total commercial/industrial revenues and equity in earnings from unconsolidated joint ventures	2,841		3,643		5,162		6,060
Profit from commercial/industrial and unconsolidated joint ventures	$	1,453	$	1,741	$	2,455	$	2,415

The resort/residential real estate development segment is actively involved in the land entitlement and development process internally and through a joint venture. The segment incurs costs and expenses related to its development activities, but currently generates no revenue. The segment produced losses of $848,000 and $1,130,000 for the six months ended June 30, 2018 and 2017, respectively. The segment produced losses of $433,000 and $500,000 for the three months ended June 30, 2018 and 2017, respectively.

The mineral resources segment receives oil and mineral royalties from exploration and development companies that extract or mine the natural resources from our land in addition to periodic reimbursable costs from lessors. The segment also, as opportunities arise periodically, may generate revenues through water transactions. The revenue components of the mineral resources segment were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)	2018		2017		2018		2017
Oil and gas	$	623	$	429	$	1,161	$	805
Cement	477		519		828		797
Rock aggregate	344		248		546		428
Exploration leases			—
Water Sales	—		146		7,992		1,254
Reimbursables and other	56		177		104		236
Total mineral resources revenues	1,500		1,519		10,631		3,520
Profit from mineral resources	$	905	$	990	$	5,805	$	1,667

The farming segment produces revenues from the sale of almonds, pistachios, wine grapes, and hay. The revenue components of the farming segment were as follows:



	Three Months Ended June 30,					Six Months Ended June 30,
($ in thousands)	2018			2017		2018			2017
Almonds	$	250		$	790	$	1,174		$	790
Pistachios	41			312		84			568
Other	251			399		479			574
Total farming revenues	542			1,501		1,737			1,932
(Loss) profit from farming	$	(649	)	$	243	$	(1,292	)	$	(650	)

Ranch operations consists of game management revenues and ancillary land uses such as grazing leases and filming. Within game management we operate our High Desert Hunt Club, a premier upland bird hunting club. The High Desert Hunt Club offers over 6,400 acres and 35 hunting fields, each field providing different terrain and challenges. The hunting season runs from mid-October through March. We sell individual hunting packages as well as memberships. Ranch operations also includes Hunt at Tejon, which offers a wide variety of guided big game hunts including trophy Rocky Mountain elk, deer, turkey and wild pig. We offer guided hunts and memberships for both the Spring and Fall hunting seasons. The revenue components of the segment were as follows:



	Three Months Ended June 30,						Six Months Ended June 30,
($ in thousands)	2018			2017			2018			2017
Game management	$	308		$	277		$	604		$	578
Grazing	401			474			807			898
High Desert Hunt Club	17			24			183			190
Filming and other	113			85			234			275
Total ranch operations revenues	839			860			1,828			1,941
Loss from ranch operations	$	(509	)	$	(601	)	$	(909	)	$	(1,013	)