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Reporting Segments and Related Information (Tables)
 3 Months Ended
Mar. 31, 2020
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 March 31,
($ in thousands)
2020
 
2019
Mineral resources revenues
$
6,178

 
$
6,132

Mineral resources expenses
3,878

 
3,832

Operating results from mineral resources
$
2,300

 
$
2,300

The following table summarizes revenues, expenses and operating results from this segment for the periods ended:
 
Three Months Ended March 31,
($ in thousands)
2020

2019
Farming revenues
$
952

 
$
815

Farming expenses
1,702

 
1,598

Operating results from farming
$
(750
)
 
$
(783
)
The following table summarizes revenues, expenses and operating results from this segment for the periods ended:
 
Three Months Ended March 31,
($ in thousands)
2020
 
2019
Ranch operations revenues
$
863

 
$
889

Ranch operations expenses
1,406

 
1,350

Operating results from ranch operations
$
(543
)
 
$
(461
)
The following table summarizes revenues, expenses and operating income from this segment for the periods ended:
 
Three Months Ended March 31,
($ in thousands)
2020
 
2019
Commercial/industrial revenues
$
2,320

 
$
2,826

Equity in earnings of unconsolidated joint ventures
1,355

 
876

Commercial/industrial revenues and equity in earnings of unconsolidated joint ventures
3,675

 
3,702

Commercial/industrial expenses
1,931

 
1,792

Operating results from commercial/industrial and unconsolidated joint ventures
$
1,744

 
$
1,910