<SEC-DOCUMENT>0000101199-21-000012.txt : 20210212
<SEC-HEADER>0000101199-21-000012.hdr.sgml : 20210212
<ACCEPTANCE-DATETIME>20210212091529
ACCESSION NUMBER:		0000101199-21-000012
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201231
FILED AS OF DATE:		20210212
DATE AS OF CHANGE:		20210212
EFFECTIVENESS DATE:		20210212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED FIRE GROUP INC
		CENTRAL INDEX KEY:			0000101199
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				452302834
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-06427
		FILM NUMBER:		21623281

	BUSINESS ADDRESS:	
		STREET 1:		118 SECOND AVE SE
		CITY:			CEDAR RAPIDS
		STATE:			IA
		ZIP:			52401
		BUSINESS PHONE:		3193995700

	MAIL ADDRESS:	
		STREET 1:		P O BOX 73909
		CITY:			CEDAR RAPIDS
		STATE:			IA
		ZIP:			52407

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED FIRE GROUP, INC.
		DATE OF NAME CHANGE:	20120202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED FIRE & CASUALTY CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<TYPE>13F-HR
<SEQUENCE>1
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      <periodOfReport>12-31-2020</periodOfReport>
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      <reportCalendarOrQuarter>12-31-2020</reportCalendarOrQuarter>
      <filingManager>
        <name>UNITED FIRE GROUP INC</name>
        <address>
          <com:street1>P O BOX 73909</com:street1>
          <com:city>CEDAR RAPIDS</com:city>
          <com:stateOrCountry>IA</com:stateOrCountry>
          <com:zipCode>52407</com:zipCode>
        </address>
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      <provideInfoForInstruction5>N</provideInfoForInstruction5>
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    <signatureBlock>
      <name>Randy Patten</name>
      <title>AVP &amp; Controller</title>
      <phone>319-286-2537</phone>
      <signature>/s/ Randy Patten</signature>
      <city>Cedar Rapids</city>
      <stateOrCountry>IA</stateOrCountry>
      <signatureDate>02-12-2021</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
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      <tableValueTotal>206070</tableValueTotal>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9758</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Fidelity FNF Group</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>31620R303</cusip>
    <value>868</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22201</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>22201</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fortive Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>34959J108</cusip>
    <value>142</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Freeport-McMoRan Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>35671D857</cusip>
    <value>260</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Arthur J Gallagher &amp; Co</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>363576109</cusip>
    <value>1277</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10321</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10321</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GENERAL DYNAMICS CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>369550108</cusip>
    <value>744</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>General Electric Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>369604103</cusip>
    <value>2970</value>
    <shrsOrPrnAmt>
      <sshPrnamt>275000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>275000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>General Motors Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>37045V100</cusip>
    <value>87</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2081</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2081</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>GILDAN ACTIVEWEAR INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>375916103</cusip>
    <value>84</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Halliburton Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>406216101</cusip>
    <value>113</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Honeywell International Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>438516106</cusip>
    <value>8083</value>
    <shrsOrPrnAmt>
      <sshPrnamt>38000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>38000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ITT INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>45073V108</cusip>
    <value>96</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1250</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1250</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Intel Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>458140100</cusip>
    <value>1993</value>
    <shrsOrPrnAmt>
      <sshPrnamt>40000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>40000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>459200101</cusip>
    <value>2266</value>
    <shrsOrPrnAmt>
      <sshPrnamt>18000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>18000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>J. Alexander's Holdings, Inc.</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>46609J106</cusip>
    <value>9</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1277</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1277</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>JPMorgan Chase &amp; Co</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>46625H100</cusip>
    <value>7337</value>
    <shrsOrPrnAmt>
      <sshPrnamt>57736</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>57736</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>JACOBS ENGR GROUP INC DEL</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>469814107</cusip>
    <value>109</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Johnson &amp; Johnson</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>478160104</cusip>
    <value>5980</value>
    <shrsOrPrnAmt>
      <sshPrnamt>38000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>38000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>KONTOOR BRANDS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>50050N103</cusip>
    <value>70</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1714</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1714</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>L3HARRIS TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>502431109</cusip>
    <value>48</value>
    <shrsOrPrnAmt>
      <sshPrnamt>256</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>256</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lam Research Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>512807108</cusip>
    <value>2657</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5625</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5625</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LOWES COS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>548661107</cusip>
    <value>2729</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>17000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MCCORMICK &amp; CO INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>579780206</cusip>
    <value>382</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>580135101</cusip>
    <value>1073</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Merck &amp; Co Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>58933Y105</cusip>
    <value>472</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5767</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5767</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>METLIFE INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>59156R108</cusip>
    <value>85</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Microsoft Corporation</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>594918104</cusip>
    <value>3336</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>15000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NRG ENERGY INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>629377508</cusip>
    <value>40</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1073</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1073</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NATIONAL PRESTO INDS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>637215104</cusip>
    <value>88</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Newell Brands</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>651229106</cusip>
    <value>972</value>
    <shrsOrPrnAmt>
      <sshPrnamt>45766</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>45766</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NIKE INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>654106103</cusip>
    <value>1698</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Old Republic International Cor</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>680223104</cusip>
    <value>5020</value>
    <shrsOrPrnAmt>
      <sshPrnamt>254690</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>254690</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ORACLE CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>68389X105</cusip>
    <value>453</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PepsiCo Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>713448108</cusip>
    <value>3411</value>
    <shrsOrPrnAmt>
      <sshPrnamt>23000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>23000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Pfizer Inc</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>717081103</cusip>
    <value>1472</value>
    <shrsOrPrnAmt>
      <sshPrnamt>40000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>40000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Phillips 66</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>718546104</cusip>
    <value>352</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5029</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5029</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Piper Jaffray Cos</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>724078100</cusip>
    <value>779</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7722</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7722</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PLAINS ALL AMER PIPELINE LP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>726503105</cusip>
    <value>49</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Procter &amp; Gamble Company</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>742718109</cusip>
    <value>10575</value>
    <shrsOrPrnAmt>
      <sshPrnamt>76000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>76000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>RESIDEO TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>76118Y104</cusip>
    <value>135</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6333</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6333</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Royal Dutch Shell ADR</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>780259206</cusip>
    <value>1616</value>
    <shrsOrPrnAmt>
      <sshPrnamt>46000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>46000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Schlumberger Limited</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>806857108</cusip>
    <value>786</value>
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      <Sole>36000</Sole>
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    <nameOfIssuer>SMUCKER J M CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>832696405</cusip>
    <value>462</value>
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      <sshPrnamt>4000</sshPrnamt>
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    <titleOfClass>Common</titleOfClass>
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    <value>1470</value>
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      <Sole>6000</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRACTOR SUPPLY CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>892356106</cusip>
    <value>1125</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8000</Sole>
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      <None>0</None>
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    <nameOfIssuer>U S Bancorp</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>902973304</cusip>
    <value>19506</value>
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    <titleOfClass>Common</titleOfClass>
    <cusip>907818108</cusip>
    <value>1041</value>
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      <Sole>5000</Sole>
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    <titleOfClass>Common</titleOfClass>
    <cusip>91325V108</cusip>
    <value>30</value>
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      <None>0</None>
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    <nameOfIssuer>V F CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>918204108</cusip>
    <value>1025</value>
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      <sshPrnamt>12000</sshPrnamt>
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      <Sole>12000</Sole>
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      <None>0</None>
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    <nameOfIssuer>VAREX IMAGING CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>92214X106</cusip>
    <value>7</value>
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      <Sole>400</Sole>
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      <None>0</None>
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    <nameOfIssuer>VARIAN MED SYS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>92220P105</cusip>
    <value>175</value>
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      <sshPrnamt>1000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>1000</Sole>
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      <None>0</None>
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    <titleOfClass>Common</titleOfClass>
    <cusip>92242T101</cusip>
    <value>7</value>
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      <sshPrnamt>138</sshPrnamt>
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    <votingAuthority>
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      <None>0</None>
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    <titleOfClass>Common</titleOfClass>
    <cusip>92343V104</cusip>
    <value>2552</value>
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    <votingAuthority>
      <Sole>43434</Sole>
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      <None>0</None>
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    <nameOfIssuer>VIATRIS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>92556V106</cusip>
    <value>93</value>
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      <sshPrnamt>4963</sshPrnamt>
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    <titleOfClass>Common</titleOfClass>
    <cusip>928881101</cusip>
    <value>27</value>
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      <Sole>800</Sole>
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    <cusip>929740108</cusip>
    <value>108</value>
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    <titleOfClass>Common</titleOfClass>
    <cusip>931142103</cusip>
    <value>505</value>
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      <sshPrnamt>3500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3500</Sole>
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      <None>0</None>
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    <titleOfClass>Common</titleOfClass>
    <cusip>931427108</cusip>
    <value>399</value>
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      <sshPrnamt>10000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10000</Sole>
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      <None>0</None>
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    <nameOfIssuer>WASTE MGMT INC DEL</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>94106L109</cusip>
    <value>236</value>
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      <sshPrnamt>2000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>2000</Sole>
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    <cusip>949746101</cusip>
    <value>6189</value>
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    <value>7668</value>
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    <nameOfIssuer>Xcel Energy, Inc.</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>98389B100</cusip>
    <value>6000</value>
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      <sshPrnamt>90000</sshPrnamt>
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    <value>254</value>
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      <sshPrnamt>2500</sshPrnamt>
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    <nameOfIssuer>AMCOR PLC</nameOfIssuer>
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    <value>1885</value>
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    <titleOfClass>Common</titleOfClass>
    <cusip>G5960L103</cusip>
    <value>2929</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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</SEC-DOCUMENT>
