October 15, 2013
Input is a non-operating farming company with ten canola streaming contracts under which Input purchases a fixed portion of canola production from farms at a fixed price for the duration of each streaming contract. Input announced it has taken delivery of canola from its first canola streaming contract which was signed on January 15, 2013 with a farmer in central Saskatchewan. According to the contract the grower agrees to deliver a predetermined number of tons of canola to Input over the next six years which includes 700 tons to be delivered in 2013 plus 15% of any yield over 30 bushels per acre. Last week the farmer delivered 712 tons of canola to a grain elevator in Raymore, Saskatchewan and Input received payment equaling $505 per ton. This is the first completion of the canola streaming investment cycle for Input nine months after deployment of capital.
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