Annual report pursuant to Section 13 and 15(d)

Inventories

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Inventories
12 Months Ended
Sep. 30, 2014
Inventories [Abstract]  
Inventories

Note 5. Inventories

 

Inventories consist of the following at September 30, 2014 and 2013:

 

(in thousands) September 30,
       
  2014   2013
       
Unharvested fruit crop on the trees $ 18,305     $ 16,329  
Unharvested sugarcane   -       11,728  
Beef cattle   1,022       1,200  
Other   602       146  
               
Total Inventories $ 19,929     $ 29,403  

 

The Company records its inventory at the lower of cost or net realizable value. For the years ended September 30, 2014, 2013 and 2012, the Company did not record any adjustments to reduce inventory to net realizable value.