LONG-TERM WATER ASSETS (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Water Revenues and Cost of Sales

Water revenues and cost of sales were as follows as of December 31:

($ in thousands)	2022		2021		2020
Acre-Feet Sold	10,400		13,651		5,022
Revenues	$	14,658	$	15,523	$	5,909
Cost of sales	9,549		10,669		3,663
Profit	$	5,109	$	4,854	$	2,246

Schedule of Tangible Water Assets

Costs assigned to water assets held for future use were as follows ($ in thousands):

	December 31, 2022		December 31, 2021
Banked water and water for future delivery	$	23,855	$	25,020
Transferable water	1,455		2,879
Total water held for future use at cost	$	25,310	$	27,899

Schedule of Finite-Lived Intangible Assets

The Company's carrying amounts of its purchased water contracts were as follows ($ in thousands):

	December 31, 2022				December 31, 2021
	Costs		Accumulated Depreciation		Costs		Accumulated Depreciation
Dudley-Ridge water rights	$	11,581	$	(5,790)	$	11,581	$	(5,307)
Nickel water rights	18,740		(5,890)		18,740		(5,247)
Tulare Lake Basin water rights	6,479		(3,385)		6,479		(3,148)
	$	36,800	$	(15,065)	$	36,800	$	(13,702)
Net cost of purchased water contracts	21,735				23,098
Total cost water held for future use	25,310				27,899
Net investments in water assets	$	47,045			$	50,997

Schedule of Components of Water Assets

Total water resources, including both recurring and one-time usage are:

(in acre feet, unaudited)	December 31, 2022	December 31, 2021
Water held for future use
TCWD - Banked water owned by the Company	52,554	56,189
Company water bank	50,349	50,349
Transferable water	2,548	4,203
Total water held for future use	105,451	110,741
Purchased water contracts
Water Contracts (Dudley-Ridge, Nickel and Tulare)	10,137	10,137
WRMWSD - Contracts with Company	15,547	15,547
TCWD - Contracts with Company	5,749	5,749
Total purchased water contracts	31,433	31,433
Total water held for future use and purchased water contracts	136,884	142,174