content_image/1025114.jpg content_image/1025120.jpg
## Stock Performance Graph 

The graph below represents our common stock performance, comparing the value of $100 invested on September 30, 2014 in our common stock, the S&P 500 Index, the S&P Agricultural Products Index and a Company-constructed peer group, which includes Forestar Group, Inc., Limoneira Company, The St. Joe Company, Tejon Ranch Co. and Texas Pacific Land Trust. 

<img src='content_image/1025114.jpg'>

INDEXED RETURNS 

<img src='content_image/1025120.jpg'>

## Recent Sale of Unregistered Securities 

None. 

(Includes reinvestment of dividends) 

