REPORTING SEGMENTS AND RELATED INFORMATION (Tables)

9 Months Ended

Sep. 30, 2023

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)	2023		2022		2023		2022
Commercial/industrial revenues	$	3,397	$	22,352	$	8,706	$	32,163
Equity in earnings of unconsolidated joint ventures	1,161		1,991		4,616		4,867
Commercial/industrial revenues and equity in earnings of unconsolidated joint ventures	4,558		24,343		13,322		37,030
Commercial/industrial expenses	2,137		6,845		5,517		11,403
Operating results from commercial/industrial and unconsolidated joint ventures	$	2,421	$	17,498	$	7,805	$	25,627

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)	2023		2022		2023		2022
Mineral resources revenues	$	3,118	$	3,139	$	11,630	$	19,238
Mineral resources expenses	2,000		1,745		6,991		11,347
Operating results from mineral resources	$	1,118	$	1,394	$	4,639	$	7,891

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)	2023		2022		2023		2022
Farming revenues	$	2,642	$	4,776	$	4,852	$	7,352
Farming expenses	2,157		8,752		5,644		13,976
Operating results from farming	$	485	$	(3,976)	$	(792)	$	(6,624)

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)	2023		2022		2023		2022
Ranch operations revenues	$	1,052	$	1,208	$	3,384	$	3,011
Ranch operations expenses	1,196		1,143		3,864		3,708
Operating results from ranch operations	$	(144)	$	65	$	(480)	$	(697)