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Business Segments
 3 Months Ended
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
)