REPORTING SEGMENTS AND RELATED INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Components of Segment Revenues

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

	Three Months Ended March 31,
($ in thousands)	2024		2023
Commercial/industrial revenues	$	2,945	$	2,676
Equity in earnings of unconsolidated joint ventures	1,513		1,517
Commercial/industrial revenues and equity in earnings of unconsolidated joint ventures	4,458		4,193
Commercial/industrial expenses	1,927		1,695
Operating results from commercial/industrial and unconsolidated joint ventures	$	2,531	$	2,498

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

	Three Months Ended March 31,
($ in thousands)	2024		2023
Mineral resources revenues	$	2,489	$	6,912
Mineral resources expenses	2,116		4,066
Operating results from mineral resources	$	373	$	2,846

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

	Three Months Ended March 31,
($ in thousands)	2024		2023
Farming revenues	$	865	$	1,185
Farming expenses	2,067		2,013
Operating results from farming	$	(1,202)	$	(828)

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

	Three Months Ended March 31,
($ in thousands)	2024		2023
Ranch operations revenues	$	1,107	$	1,492
Ranch operations expenses	1,227		1,330
Operating results from ranch operations	$	(120)	$	162