Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

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Property and Equipment, Net
 3 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consists of the following at December 31, 2023 and September 30, 2023:
(in thousands) December 31,
2023		 September 30,
2023
Citrus trees $ 330,957  $ 328,421 
Equipment and other facilities 57,796  57,779 
Buildings and improvements 7,081  7,081 
Total depreciable properties 395,834  393,281 
Less: accumulated depreciation and depletion (147,204) (144,150)
Net depreciable properties 248,630  249,131 
Land and land improvements 112,973  112,718 
Property and equipment, net $ 361,603  $ 361,849 
For the three months ended December 31, 2023 and December 31, 2022, the Company recognized a loss on the disposal of property and equipment of $225 and $1,915, respectively, due to tree clippings.