CKX Lands, Inc. owns land and mineral interests, all of which are located in Southwest Louisiana. The Company collects income from this land in the form of oil and gas royalties, agriculture rentals and timber sales. The Company is not involved in the exploration or production of oil and gas nor does it actively farm its lands. These activities are performed by others for royalties or rentals. Parts of the Company�s land are owned in indivision with other owners. The Company�s ownership share in most of this acreage is one-sixth. The owners jointly operate an entity known as Walker Louisiana Properties (WLP) to manage this acreage.