INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES

Schedule of components of gross income tax expense (credit)

The components of the Partnership’s gross income tax expense (credit) for the years ended December 31, 2012, 2011 and 2010 were as follows (000’s):

	2012			2011			2010
Currently payable	$	138		$	115		$	44
Deferred	(12		)	(16		)	(23		)
Gross income tax expense (credit)	$	126		$	99		$	21

Schedule of components of the net deferred tax liability

The components of the net deferred tax liability reported on the consolidated balance sheets as of December 31, 2012 and 2011 are as follows (000’s):

	2012			2011
Deferred tax assets:
Intangible assets	$	115		$	115
Inventory	27			27
Gross deferred tax assets	142			142
Deferred tax liabilities:
Land, orchards, and equipment	(1,174		)	(1,186		)
Other	(7		)	(7		)
Gross deferred tax liabilities	(1,181		)	(1,193		)
Net deferred tax liabilities	$	(1,039	)	$	(1,051	)