INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES

Schedule of components of gross income tax expense

The components of the Partnership’s gross income tax expense for the years ended December 31, 2013, 2012 and 2011 were as follows (in thousands):

	2013			2012			2011
Currently payable	$	64		$	138		$	115
Deferred	(19		)	(12		)	(16		)
Gross income tax expense	$	45		$	126		$	99

Schedule of components of the net deferred income tax liability

The components of the net deferred income tax liability reported on the consolidated balance sheets as of December 31, 2013 and 2012 are as follows (in thousands):

	2013			2012
Deferred tax assets:
Intangible assets	$	115		$	115
Inventory	31			27
Gross deferred tax assets	146			142
Deferred income tax liabilities:
Land, orchards, and equipment	(1,164		)	(1,174		)
Other	(2		)	(7		)
Gross deferred tax liabilities	(1,166		)	(1,181		)
Net deferred income tax liabilities	$	(1,020	)	$	(1,039	)