Short-Term Debt	6 Months Ended
Feb. 28, 2013
Short-Term Debt
Short-Term Debt	Note 5: Short-Term Debt The Company has a seasonal line of credit through May 31, 2013 with a consortium of lenders led by CoBank, ACB of $410.0 million along with an additional $50.0 million which can be utilized for either short-term or long-term borrowing purposes. On June 1, 2013, the seasonal line of credit is reduced to $350.0 million through July 19, 2015. The availability of the additional $50.0 million which can be utilized for either short-term or long-term borrowing purposes remains unchanged during this time. The Company also has a line of credit with Wells Fargo Bank for $1.0 million. The Company’s commercial paper program provides short-term borrowings up to the amount of the CoBank, ACB seasonal line of credit. Any borrowings under the commercial paper program along with outstanding short-term letters of credit will act to reduce the available credit under the CoBank, ACB seasonal line of credit by a commensurate amount. The Company can also utilize the Commodity Credit Corporation (CCC) to meet its short-term borrowing needs. The Company can borrow funds on a non-recourse basis from the CCC, with repayment of such funds secured by sugar. The limitations on such borrowings are based on the amount of the Company’s sugar inventory and certain loan covenant restrictions by CoBank, ACB. As of February 28, 2013, the Company had the capacity to obtain non-recourse loans from the CCC of approximately $245.1 million. The Company has not utilized the CCC during the first six months of fiscal 2013. As of February 28, 2013, the Company had outstanding commercial paper of $314.3 million at interest rates of .38% to .51% and maturity dates between March 1, 2013 and April 9, 2013. The Company had no outstanding short-term debt with CoBank, ACB, Wells Fargo Bank or the CCC as of February 28, 2013. The Company had $3.2 million of short-term letters of credit outstanding and $3.2 million of the $50.0 million additional line of credit was utilized for long-term borrowing purposes as of February 28, 2013. The unused line of credit as of February 28, 2013 was $140.3 million which includes $46.8 million that can also be utilized for long-term borrowing purposes. As of February 29, 2012, the Company had outstanding commercial paper of $306.1 million at interest rates of .42% to .57% and maturity dates between March 1, 2012 and March 27, 2012. The Company had no outstanding short-term debt with CoBank, ACB, Wells Fargo Bank or the CCC as of February 29, 2012. The Company had $3.1 million of short-term letters of credit outstanding and $9.0 million of the $50.0 million additional line of credit was utilized for long-term borrowing purposes as of February 29, 2012. The unused line of credit as of February 29, 2012 was $82.8 million which included $41.0 million that could also be utilized for long-term borrowing purposes.

Note 5: Short-Term Debt

The Company has a seasonal line of credit through May 31, 2013 with a consortium of lenders led by CoBank, ACB of $410.0 million along with an additional $50.0 million which can be utilized for either short-term or long-term borrowing purposes. On June 1, 2013, the seasonal line of credit is reduced to $350.0 million through July 19, 2015. The availability of the additional $50.0 million which can be utilized for either short-term or long-term borrowing purposes remains unchanged during this time. The Company also has a line of credit with Wells Fargo Bank for $1.0 million. The Company’s commercial paper program provides short-term borrowings up to the amount of the CoBank, ACB seasonal line of credit. Any borrowings under the commercial paper program along with outstanding short-term letters of credit will act to reduce the available credit under the CoBank, ACB seasonal line of credit by a commensurate amount.

The Company can also utilize the Commodity Credit Corporation (CCC) to meet its short-term borrowing needs. The Company can borrow funds on a non-recourse basis from the CCC, with repayment of such funds secured by sugar. The limitations on such borrowings are based on the amount of the Company’s sugar inventory and certain loan covenant restrictions by CoBank, ACB. As of February 28, 2013, the Company had the capacity to obtain non-recourse loans from the CCC of approximately $245.1 million. The Company has not utilized the CCC during the first six months of fiscal 2013.

As of February 28, 2013, the Company had outstanding commercial paper of $314.3 million at interest rates of .38% to .51% and maturity dates between March 1, 2013 and April 9, 2013. The Company had no outstanding short-term debt with CoBank, ACB, Wells Fargo Bank or the CCC as of February 28, 2013. The Company had $3.2 million of short-term letters of credit outstanding and $3.2 million of the $50.0 million additional line of credit was utilized for long-term borrowing purposes as of February 28, 2013. The unused line of credit as of February 28, 2013 was $140.3 million which includes $46.8 million that can also be utilized for long-term borrowing purposes.

As of February 29, 2012, the Company had outstanding commercial paper of $306.1 million at interest rates of .42% to .57% and maturity dates between March 1, 2012 and March 27, 2012. The Company had no outstanding short-term debt with CoBank, ACB, Wells Fargo Bank or the CCC as of February 29, 2012. The Company had $3.1 million of short-term letters of credit outstanding and $9.0 million of the $50.0 million additional line of credit was utilized for long-term borrowing purposes as of February 29, 2012. The unused line of credit as of February 29, 2012 was $82.8 million which included $41.0 million that could also be utilized for long-term borrowing purposes.