Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2012
Operating revenues:      
Citrus Groves $ 47,069 $ 43,689 $ 55,423
Agricultural Supply Chain Management 12,376 28,412 48,334
Improved Farmland 20,429 21,917 15,316
Ranch and Conservation 8,172 6,755 7,348
Other Operations 634 888 766
Total operating revenue 88,680 101,661 127,187
Operating expenses:      
Citrus Groves 30,213 31,533 30,995
Agricultural Supply Chain Management 12,317 27,949 47,693
Improved Farmland 21,356 16,202 11,574
Ranch and Conservation 4,330 3,798 3,497
Other Operations 374 505 1,196
Total operating expenses 68,590 79,987 94,955
Gross profit 20,090 21,674 32,232
Corporate general and administrative 12,234 9,739 8,490
Income from operations 7,856 11,935 23,742
Other (expense) income:      
Interest and investment income, net 131 704 97
Interest expense (969) (1,257) (1,616)
Gain on sale of real estate 4,820 20,299 9,113
Impairment of assets held for sale       (1,918)
Other income (loss), net (55) (6) 44
Total other income, net 3,927 19,740 5,720
Income before income taxes 11,783 31,675 29,462
Income taxes 3,733 12,029 10,973
Net income attributable to common shareholders 8,050 19,646 18,489
Comprehensive income, net of tax effect         
Comprehensive income attributable to common shareholders $ 8,050 $ 19,646 $ 18,489
Weighted-average number of shares outstanding:      
Basic 7,336 7,313 7,355
Diluted 7,354 7,357 7,355
Earnings per common share:      
Basic $ 1.10 $ 2.69 $ 2.51
Diluted $ 1.09 $ 2.67 $ 2.51
Cash dividends declared per common share $ 0.24 $ 0.36 $ 0.20