REPORTING SEGMENTS AND RELATED INFORMATION (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Components of Segment Revenues

The following table summarizes revenues, expenses and operating income from this segment for the periods ended:

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2022		2021		2022		2021
Commercial/industrial revenues	$	22,352	$	2,466	$	32,163	$	12,820
Equity in earnings of unconsolidated joint ventures	1,991		1,510		4,867		2,816
Commercial/industrial revenues and equity in earnings of unconsolidated joint ventures	24,343		3,976		37,030		15,636
Commercial/industrial expenses	6,845		2,331		11,403		8,595
Operating results from commercial/industrial and unconsolidated joint ventures	$	17,498	$	1,645	$	25,627	$	7,041

The following table summarizes revenues, expenses and operating results from this segment for the periods ended:

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2022		2021		2022		2021
Mineral resources revenues	$	3,139	$	4,774	$	19,238	$	19,354
Mineral resources expenses	1,745		3,025		11,347		12,325
Operating results from mineral resources	$	1,394	$	1,749	$	7,891	$	7,029

The following table summarizes revenues, expenses and operating results from this segment for the periods ended:

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2022		2021		2022		2021
Farming revenues	$	4,776	$	6,726	$	7,352	$	7,612
Farming expenses	8,752		7,296		13,976		9,977
Operating results from farming	$	(3,976)	$	(570)	$	(6,624)	$	(2,365)

The following table summarizes revenues, expenses and operating results from this segment for the periods ended:

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2022		2021		2022		2021
Ranch operations revenues	$	1,208	$	996	$	3,011	$	2,868
Ranch operations expenses	1,143		1,182		3,708		3,511
Operating results from ranch operations	$	65	$	(186)	$	(697)	$	(643)