Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.5.0.2
Inventories
 9 Months Ended
Jun. 30, 2016
Inventory Disclosure [Abstract]  
Inventories
Inventories

Inventories consist of the following at June 30, 2016 and September 30, 2015:
(in thousands)
June 30,
 
September 30,
 
2016
 
2015
Unharvested fruit crop on the trees
$
35,287

 
$
52,497

Beef cattle
3,067

 
1,612

Citrus tree nursery
3,251

 
2,854

Other
2,521

 
1,310

Total inventories
$
44,126

 
$
58,273


The Company records its inventory at the lower of cost or net realizable value. For the three and nine months ended June 30, 2016 and 2015 the Company did not record any adjustments to reduce inventory to net realizable value.