LONG-TERM WATER ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

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)	2023		2022		2021
Acre-Feet Sold	5,145		10,400		13,651
Revenues	$	8,033	$	14,658	$	15,523
Cost of sales	5,220		9,549		10,669
Profit	$	2,813	$	5,109	$	4,854

Schedule of Tangible Water Assets

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

	December 31, 2023		December 31, 2022
Banked water and water for future delivery	$	31,002	$	23,855
Transferable water	756		1,455
Total water held for future use at cost	$	31,758	$	25,310

Schedule of Finite-Lived Intangible Assets

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

	December 31, 2023				December 31, 2022
	Costs		Accumulated Depreciation		Costs		Accumulated Depreciation
Dudley-Ridge water rights	$	11,581	$	(6,272)	$	11,581	$	(5,790)
Nickel water rights	18,740		(6,532)		18,740		(5,890)
Tulare Lake Basin water rights	6,479		(3,624)		6,479		(3,386)
	$	36,800	$	(16,428)	$	36,800	$	(15,066)
Net cost of purchased water contracts	20,372				21,735
Total cost water held for future use	31,758				25,310
Net investments in water assets	$	52,130			$	47,045

Schedule of Components of Water Assets

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

(in acre feet, unaudited)	December 31, 2023	December 31, 2022
Water held for future use
TCWD - Banked water owned by the Company	65,005	52,554
Company water bank	54,728	50,349
Transferable water	1,000	2,548
Recharged project water	6,590	—
Total water held for future use	127,323	105,451
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	158,756	136,884