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LINE OF CREDIT AND LONG-TERM DEBT
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
LINE OF CREDIT AND LONG-TERM DEBT LINE OF CREDIT AND LONG-TERM DEBT
Debt consisted of the following:
($ in thousands)September 30, 2025December 31, 2024
Revolving line-of-credit1
$91,942 $66,942 
1 Deferred loan costs for the revolving line-of-credit as of September 30, 2025 and December 31, 2024 were recorded under the caption "Other Assets" on the Consolidated Balance Sheets.
On November 17, 2023, the Company entered into a Credit Agreement with AgWest Farm Credit, PCA and certain other lenders (the Revolving Credit Facility). The Revolving Credit Facility provides TRC a RCL in the amount of $160,000,000. The RCL requires interest only payments and has a maturity date of January 1, 2029. As of September 30, 2025, the outstanding balance under the RCL was $91,942,000, and the interest rate was one-month term SOFR plus a margin of 2.25% for an effective rate of 6.55% before patronage, which for 2024 was 125 basis points, or bps, from AgWest and 100 bps from other participant lenders, for a net all-in rate of 5.44%.