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LONG-TERM WATER ASSETS (Tables)
 12 Months Ended
Dec. 31, 2025
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)202520242023
Acre-Feet Sold3,177 3,500 5,145 
Revenues$4,312 $4,383 $8,033 
Cost of sales3,431 3,555 5,220 
Profit$881 $828 $2,813 
Schedule of Tangible Water Assets
Costs assigned to water assets held for future use were as follows ($ in thousands):
December 31, 2025December 31, 2024
Banked water and water for future delivery$44,681 $36,048 
Transferable water266 35 
Total water held for future use at cost $44,947 $36,083 
Schedule of Finite-Lived Intangible Assets
The Company's carrying amounts of its purchased water contracts were as follows ($ in thousands):
December 31, 2025December 31, 2024
CostsAccumulated DepreciationCostsAccumulated Depreciation
Dudley-Ridge water purchase contract*
$11,581 $(7,237)$11,581 $(6,755)
Nickel water purchase contract*
18,740 (7,817)18,740 (7,175)
Tulare Lake Basin water purchase contract*
6,479 (4,100)6,479 (3,862)
$36,800 $(19,154)$36,800 $(17,792)
Net cost of purchased water contracts17,646 19,008 
Total cost of water held for future use44,947 36,083 
Net investments in water assets$62,593 $55,091 
*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, 2025December 31, 2024
Water held for future use:
TCWD - Banked water owned by the Company    65,199 60,936 
   Company water bank54,728 54,728 
Transferable water265 505 
Recharged water6,797 6,797 
Total water held for future use126,989 122,966 
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 contracts158,422 154,399