AND EXCHANGE COMMISSION
to Section 13 or 15(d) of the
Exchange Act of 1934
report (Date of earliest event reported): February 9,
Name of Registrant as Specified in Charter)
Other Jurisdiction of Incorporation)
OFFICE BOX 338,
of Principal Executive Offices)
telephone number, including area code: (863) 675-2966
Name or Former Address, if Changed Since Last Report)
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R.
Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R.
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14D-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 C.F.R. 240.13e-4(c))
2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
February 9, 2010 the Company announced
a net loss for the three months ended December 31, 2009 of $1.4 million or $0.19
per share compared with a loss of $0.2 million or $0.02 per share,
for the three months ended December 31, 2008. Earnings from interest
on mortgages, real estate sales and agriculture operations were below prior year
results and combined to cause the earnings decline.
revenues were $14.1 million and $20.3 million during the three months ended
December 31, 2009 and 2008, respectively. Operations produced a gross
loss of $1.1 million during the three months ended December 31, 2009, compared
with a loss of $0.7 million during the three months ended December 31,
2008. The decreases in revenue and gross profits were primarily due
to lower revenues and profits from agriculture operations.
FINANCIAL STATEMENTS AND EXHIBITS
99.1- Press release announcing First Quarter Earnings.
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
2010 By: /s/
STEVEN M. SMITH
99.1 Company Press Release issued February 9,