Commitments and Contingencies |
9 Months Ended |
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Sep. 30, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Contingencies We accrue for costs related to contingencies when a loss is probable, and the amount is reasonably determinable. Disclosure of contingencies is included in the condensed consolidated financial statements when it is at least reasonably possible that a material loss or an additional material loss in excess of amounts already accrued may be incurred. For all contingent dispute-related matters, the accruals were $626 as of September 30, 2024 and immaterial as of December 31, 2023. Commitments As of September 30, 2024, we have committed to purchase from seed producers and growers at dates throughout 2024 and 2026 at fixed prices aggregating to $23,837 based on commodity futures or market prices, other payments to growers, and estimated yields per acre, of which $23,805 are due within one year. In addition to the obligations for which the price is fixed or determinable, we have committed to purchase from seed producers and growers 994 bushels throughout 2025 for which the pricing is currently variable. These amounts are not recorded in the condensed consolidated financial statements because we have not taken delivery of the grain or seed as of September 30, 2024 and due to the fact that the grain or seed is subject to specified quality standards prior to delivery.
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