Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of non-cancelable purchase commitments and commitments under other agreements


Purchase commitments	Years ended December 31,
(Thousands of dollars)	2013		2014		2015		2016		2017		Thereafter
Hog procurement contracts	$	187,555	$	118,035	$	105,410	$	87,767	$	69,047	$	4,358
Grain and feed ingredients	120,308		4,317		3,700		-		-		-
Grain purchase contracts for resale	665,192		-		-		-		-		-
Fuel supply contract	85,279		-		-		-		-		-
Equipment purchases and facility improvements	48,814		-		-		-		-		-
Construction of new dry bulk vessels	4,150		70,550		-		-		-		-
Other purchase commitments	17,521		144		45		34		35		131
Total firm purchase commitments	1,128,819		193,046		109,155		87,801		69,082		4,489
Vessel, time and voyage-charters	77,846		36,558		30,282		19,021		18,993		81,869
Contract grower finishing agreements	11,883		11,156		9,689		9,997		9,831		9,241
Other operating lease payments	19,583		16,498		14,594		14,281		14,468		172,509
Total unrecognized firm commitments	$	1,238,131	$	257,258	$	163,720	$	131,100	$	112,374	$	268,108

- Definition

Tabular disclosure of unconditional purchase obligations that are not recognized as a liability on the balance sheet, including the nature and significant terms of an unconditional purchase obligation; the amount of the fixed and determinable portion of the obligation as of the date of the latest balance sheet presented in the aggregate and, if determinable, for each of the five succeeding fiscal years; the nature of any variable components of the obligation; the amount purchased under the obligation (for example, the take-or-pay or throughput contract) for the reporting period; and may include the amount of imputed interest necessary to reduce the obligation to present value.

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