Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.7.0.1
Inventories
 6 Months Ended
Mar. 31, 2017
Inventory Disclosure [Abstract]  
Inventories
Inventories

Inventories consist of the following at March 31, 2017 and September 30, 2016:
(in thousands)
March 31, 2017
 
September 30, 2016
 
 
 
 
Unharvested fruit crop on the trees
$
43,179

 
$
52,204

Beef cattle
3,550

 
783

Citrus tree nursery
4,068

 
3,090

Other
2,272

 
2,392

Total inventories
$
53,069

 
$
58,469


The Company records its inventory at the lower of cost or net realizable value. For the three and six months ended March 31, 2017 and 2016 the Company did not record any adjustments to reduce inventory to net realizable value.