Reporting Segments and Related Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Components of segment revenues

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

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2020		2019		2020		2019
Commercial/industrial revenues	$	2,710	$	2,620	$	7,144	$	12,041
Equity in earnings of unconsolidated joint ventures	1,093		2,199		3,629		5,046
Commercial/industrial revenues and equity in earnings of unconsolidated joint ventures	3,803		4,819		10,773		17,087
Commercial/industrial expenses	2,026		1,968		5,704		8,353
Operating results from commercial/industrial and unconsolidated joint ventures	$	1,777	$	2,851	$	5,069	$	8,734

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

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2020		2019		2020		2019
Mineral resources revenues	$	1,322	$	1,559	$	9,276	$	8,351
Mineral resources expenses	648		576		5,240		5,006
Operating results from mineral resources	$	674	$	983	$	4,036	$	3,345

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

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2020		2019		2020		2019
Farming revenues	$	8,537	$	4,602	$	9,698	$	6,303
Farming expenses	8,108		5,979		10,909		8,402
Operating results from farming	$	429	$	(1,377)	$	(1,211)	$	(2,099)

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

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in thousands)	2020		2019		2020		2019
Ranch operations revenues	$	944	$	876	$	2,483	$	2,570
Ranch operations expenses	1,164		1,260		3,748		4,003
Operating results from ranch operations	$	(220)	$	(384)	$	(1,265)	$	(1,433)