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LONG-TERM WATER ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Water Revenues and Cost of Sales
Water revenues and cost of sales were as follows for the years ended December 31:
($ in thousands)202420232022
Acre-Feet Sold3,500 5,145 10,400 
Revenues$4,383 $8,033 $14,658 
Cost of sales3,555 5,220 9,549 
Profit$828 $2,813 $5,109 
Schedule of Tangible Water Assets
Costs assigned to water assets held for future use were as follows ($ in thousands):
December 31, 2024December 31, 2023
Banked water and water for future delivery$36,048 $31,002 
Transferable water35 756 
Total water held for future use at cost $36,083 $31,758 
Schedule of Finite-Lived Intangible Assets
The Company's carrying amounts of its purchased water contracts were as follows ($ in thousands):
December 31, 2024December 31, 2023
CostsAccumulated DepreciationCostsAccumulated Depreciation
Dudley-Ridge water purchase contract*
$11,581 $(6,755)$11,581 $(6,272)
Nickel water purchase contract*
18,740 (7,175)18,740 (6,532)
Tulare Lake Basin water purchase contract*
6,479 (3,862)6,479 (3,624)
$36,800 $(17,792)$36,800 $(16,428)
Net cost of purchased water contracts19,008 20,372 
Total cost of water held for future use36,083 31,758 
Net investments in water assets$55,091 $52,130 
*All water purchase contracts were acquired from third parties.
Schedule of Components of Water Assets Total water resources, including both recurring and one-time usage are:
(in acre feet)December 31, 2024December 31, 2023
Water held for future use:
TCWD - Banked water owned by the Company    60,936 65,005 
   Company water bank54,728 54,728 
Transferable water505 1,000 
Recharged water6,797 6,590 
Total water held for future use122,966 127,323 
Water purchase contracts:
   Water Contracts (Dudley-Ridge, Nickel and Tulare)10,137 10,137 
   WRMWSD - Contracts with Company15,547 15,547 
   TCWD - Contracts with Company5,749 5,749 
Total water purchase contracts31,433 31,433 
Total water held for future use and purchased water contracts154,399 158,756