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 September 30,				Nine Months Ended September 30,
($ in thousands)	2018		2017		2018		2017
Pastoria Energy Facility	$	1,231	$	1,054	$	3,132	$	2,779
TRCC Leasing	431		569		1,267		1,488
TRCC management fees and reimbursements	212		373		612		823
Commercial leases	178		179		523		485
Communication leases	215		229		696		603
Landscaping and other	178		28		558		453
Land sale	—		—		—		73
Commercial/industrial revenues	2,445		2,432		6,788		6,704
Equity in earnings from unconsolidated joint ventures	1,592		1,724		2,411		3,512
Total commercial/industrial revenues and equity in earnings from unconsolidated joint ventures	4,037		4,156		9,199		10,216
Profit from commercial/industrial and unconsolidated joint ventures	$	2,359	$	2,841	$	4,814	$	5,256

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 $1,319,000 and $1,401,000 for the nine months ended September 30, 2018 and 2017, respectively. The segment produced losses of $471,000 and $271,000 for the three months ended September 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 September 30,					Nine Months Ended September 30,
($ in thousands)	2018			2017		2018		2017
Oil and gas	$	584		$	356	$	1,745	$	1,161
Cement	481			398		1,309		1,195
Rock aggregate	301			262		847		690
Exploration leases	26			—		77		76
Water Sales	—			—		7,992		1,254
Reimbursables and other	(37		)	126		16		286
Total mineral resources revenues	1,355			1,142		11,986		4,662
Profit from mineral resources	$	781		$	614	$	6,586	$	2,281

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 September 30,					Nine Months Ended September 30,
($ in thousands)	2018		2017			2018		2017
Almonds	$	1,761	$	1,778		$	2,935	$	2,568
Pistachios	7,042		3,104			7,126		3,672
Wine grapes	1,483		2,161			1,483		2,161
Other	550		423			1,029		997
Total farming revenues	10,836		7,466			12,573		9,398
(Loss) profit from farming	$	4,295	$	(455	)	$	3,003	$	(1,104	)

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 September 30,						Nine Months Ended September 30,
($ in thousands)	2018			2017			2018			2017
Game management	$	386		$	277		$	990		$	918
Grazing	337			474			1,144			1,292
High Desert Hunt Club	—			—			183			—
Filming and other	73			117			307			599
Total ranch operations revenues	796			868			2,624			2,809
Loss from ranch operations	$	(557	)	$	(285	)	$	(1,466	)	$	(1,298	)