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REPORTING SEGMENTS AND RELATED INFORMATION (Tables)
6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
($ in thousands)2024202320242023
Commercial/industrial revenues$2,550 $2,633 $5,495 $5,309 
Equity in earnings of unconsolidated joint ventures2,769 1,938 4,282 3,455 
Commercial/industrial revenues and equity in earnings of unconsolidated joint ventures5,319 4,571 9,777 8,764 
Commercial/industrial expenses1,990 1,685 3,917 3,380 
Operating results from commercial/industrial and unconsolidated joint ventures $3,329 $2,886 $5,860 $5,384 
The following table summarizes revenues, expenses and operating results from this segment for the periods ended:
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2024202320242023
Mineral resources revenues$2,032 $1,600 $4,521 $8,512 
Mineral resources expenses1,115 925 3,231 4,991 
Operating results from mineral resources $917 $675 $1,290 $3,521 
The following table summarizes revenues, expenses and operating results from this segment for the periods ended:
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2024202320242023
Farming revenues$142 $1,025 $1,007 $2,210 
Farming expenses1,087 1,474 3,154 3,487 
Operating results from farming$(945)$(449)$(2,147)$(1,277)
The following table summarizes revenues, expenses and operating results from this segment for the periods ended:
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2024202320242023
Ranch operations revenues$965 $840 $2,072 $2,332 
Ranch operations expenses1,261 1,338 2,488 2,668 
Operating results from ranch operations$(296)$(498)$(416)$(336)