Reporting Segments and Related Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Components of segment revenues

The following table summarizes revenues, expenses and operating results from this segment for the periods ended:

	Three Months Ended June 30,						Six Months Ended June 30,
($ in thousands)	2019			2018			2019			2018
Ranch operations revenues	$	805		$	839		$	1,694		$	1,828
Ranch operations expenses	1,393			1,348			2,743			2,737
Operating results from ranch operations	$	(588	)	$	(509	)	$	(1,049	)	$	(909	)

The following table summarizes revenues, expenses and operating results from this segment for the periods ended:

	Three Months Ended June 30,					Six Months Ended June 30,
($ in thousands)	2019		2018			2019			2018
Farming revenues	$	886	$	542		$	1,701		$	1,737
Farming expenses	825		1,191			2,423			3,029
Operating results from farming	$	61	$	(649	)	$	(722	)	$	(1,292	)

The following table summarizes revenues, expenses and operating results from this segment for the periods ended:

	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)	2019		2018		2019		2018
Mineral resources revenues	$	660	$	1,500	$	6,792	$	10,631
Mineral resources expenses	598		595		4,430		4,826
Operating results from mineral resources	$	62	$	905	$	2,362	$	5,805

The following table summarizes revenues, expenses and operating income from this segment for the periods ended:

	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)	2019		2018		2019		2018
Commercial revenues	$	6,595	$	2,189	$	9,421	$	4,343
Equity in earnings of unconsolidated joint ventures	1,971		652		2,847		819
Commercial revenues and equity in earnings of unconsolidated joint ventures	8,566		2,841		12,268		5,162
Commercial expenses	4,593		1,388		6,385		2,707
Operating results from commercial and unconsolidated joint ventures	$	3,973	$	1,453	$	5,883	$	2,455