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Business Segments | 3 Months Ended
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Mar. 31, 2016
Segment Reporting [Abstract] |
Business Segments | BUSINESS SEGMENTS We currently operate in five business segments: commercial/industrial real estate development; resort/residential real estate development; mineral resources; farming, and ranch operations. Commercial lease revenue consists of land and building leases to tenants at our commercial retail and industrial developments, base and percentage rents from our Pastoria Energy Facility power plant lease, communication tower rents, and payments from easement leases. The revenue components of the commercial/industrial real estate development segment were as follows:
| Three Months Ended
($ in thousands) | March 31, 2016 |  | March 31, 2015
Pastoria Energy Facility Lease | $ | 871 |  |  | $ | 898 |
Commercial leases | 894 |  |  | 684 |
Communication leases | 196 |  |  | 205 |
Landscaping and other | 193 |  |  | 492 |
Total commercial revenues | 2,154 |  |  | 2,279 |
Equity in earnings from unconsolidated joint ventures | 1,455 |  |  | 1,150 |
Income from commercial/industrial and unconsolidated joint ventures | $ | 1,930 |  |  | $ | 1,820 |
The resort/residential real estate development segment is actively involved in the land entitlement and development process internally and through joint venture entities. The segment produced losses of $542,000 and $751,000 for the three months ended March 31, 2016 and 2015, respectively. The mineral resources segment receives oil and mineral royalties from the exploration and development companies that extract or mine the natural resources from our land and receives revenue from water sales. The revenue components of the mineral resources segment were as follows:
|  | Three Months Ended
($ in thousands) |  | March 31, 2016 |  | March 31, 2015
Oil and gas |  | $ | 386 |  |  | $ | 776 |
Water sales |  | 7,791 |  |  | 8,993 |
Rock aggregate |  | 202 |  |  | 102 |
Cement |  | 260 |  |  | 242 |
Land lease for oil exploration |  | 101 |  |  | 87 |
Total mineral resources revenues |  | 8,740 |  |  | 10,200 |
Income from mineral resources |  | $ | 4,047 |  |  | $ | 4,426 |
The farming segment produces revenues from the sale of almonds, pistachios, wine grapes, and hay. The revenue components of the farming segment were as follows:
|  | Three Months Ended
($ in thousands) |  | March 31, 2016 |  | March 31, 2015
Almonds |  | $ | 985 |  |  | $ | 2,716 |
Pistachios |  | 199 |  |  | 249 |
Hay and other |  | 37 |  |  | 106 |
Total farming revenues |  | 1,221 |  |  | 3,071 |
(Loss) income from farming |  | $ | (285 | ) |  | $ | 728 |
Ranch operations consists of game management and ancillary land uses such as grazing leases and filming. Within game management we operate our High Desert Hunt Club, a premier upland bird hunting club. The High Desert Hunt Club offers over 6,400 acres and 35 hunting fields. The hunting season runs from mid-October through March. Ranch operations also includes game management, which offers a wide variety of guided big game hunts including trophy Rocky Mountain elk, deer, turkey and wild pig. We offer guided hunts and memberships for both the spring and fall hunting seasons. The revenue components of the ranch operations segment were as follows:
|  | Three Months Ended
($ in thousands) |  | March 31, 2016 |  | March 31, 2015
Game management |  | $ | 310 |  |  | $ | 329 |
Grazing |  | 250 |  |  | 387 |
High Desert Hunt Club |  | 169 |  |  | 195 |
Filming and other |  | 109 |  |  | 172 |
Total ranch operations revenues |  | 838 |  |  | 1,083 |
(Loss) income from ranch operations |  | $ | (509 | ) |  | $ | (510 | )

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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