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Note 7 - Commitments
6 Months Ended
Dec. 31, 2011
Commitments and Contingencies Disclosure [Text Block]

NOTE 7:  COMMITMENTS

The Company has a supply agreement to purchase its corn requirements for its Atchison plant through a single elevator company.  The elevator company may terminate if the Company fails to purchase the specified minimums, in which case the Company would be obligated to pay the elevator company $260 plus the costs incurred by the elevator company in contracting with a different customer for the delivery of corn purchased for the Company pursuant to previously issued Company delivery orders.  The Company has complied with its commitment under this agreement.  The agreement automatically renews each year on August 31. At December 31, 2011, the Company had commitments to purchase corn to be used in operations during the first four weeks of January 2012 totaling $4,763.

The Company has commitments to purchase approximately 2,081,000 mmbtu of natural gas at fixed prices at various dates through November 2012.  The commitment for these contracts at December 31, 2011 totaled $8,373.

The Company entered into a supply contract for flour for use in the production of protein and starch ingredients.  The initial term of the agreement, as amended, expires October 23, 2015.  The Company has commitments to purchase approximately 45,854,000 pounds of flour, which extend through December, 2012, aggregating $8,784.

The Company has budgeted capital expenditures of approximately $6,000 for the next twelve months.  As of December 31, 2011, the Company had contracts to acquire capital assets of approximately $1,133.

At December 31, 2011, the Company had $500 outstanding from a letter of credit to be used as collateral for a new customer.