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WATER AND LAND ASSETS (Tables)
 6 Months Ended
Feb. 28, 2019
WATER AND LAND ASSETS [Abstract]  
Investments in Water and Water Systems
The Company’s Investments in Water and Water Systems consist of the following costs and accumulated depreciation and depletion at February 28, 2019 and August 31, 2018:

  
February 28, 2019
  
August 31, 2018
 
  
Costs
  
Accumulated
Depreciation
and Depletion
  
Costs
  
Accumulated
Depreciation
and Depletion
 
Rangeview Water Supply
 
$
14,820,700
  
$
(13,500
)
 
$
14,813,800
  
$
(12,800
)
Sky Ranch water rights and other costs
  
7,338,100
   
(652,600
)
  
7,171,700
   
(561,400
)
Fairgrounds water and water system
  
2,899,900
   
(1,106,900
)
  
2,899,900
   
(1,062,900
)
Rangeview water system
  
2,679,100
   
(288,800
)
  
1,655,600
   
(261,200
)
Water Supply – Other
  
4,535,600
   
(748,700
)
  
4,337,200
   
(625,300
)
Wild Pointe service rights
  
1,631,700
   
(267,700
)
  
1,631,700
   
(267,700
)
Sky Ranch pipeline
  
5,697,400
   
(316,400
)
  
5,615,900
   
(222,000
)
Construction in progress
  
5,785,400
   
—
   
1,609,400
   
—
 
Totals
  
45,387,900
   
(3,394,600
)
  
39,735,200
   
(3,013,300
)
Net investments in water and water systems
 
$
41,993,300
      
$
36,721,900