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Equity Investments
9 Months Ended
Sep. 30, 2021
Investments All Other Investments [Abstract]  
Equity Investments

19. Equity Investments In February 2016, AMVAC Netherlands BV made an investment in Biological Products for Agriculture (“Bi-PA”) in the amount of $3,283. Bi-PA develops biological plant protection products that can be used for the control of pests and disease of agricultural crops. As of September 30, 2021, the Company’s ownership position in Bi-PA was 15%. Since this investment does not have readily determinable fair value, the Company has elected to measure the investment at cost less impairment, if any, and records an increase or decrease for changes resulting from observable price changes in orderly transactions for the identical or a similar investment of Bi-PA. The Company periodically reviews the investment for possible impairment. The Company recorded an impairment in the amount of $399 during the three and nine months ended September 30, 2021. There was no impairment or observable price changes on the investment during the three- or nine-months ended September 30, 2020.

On April 1, 2020, AMVAC purchased 6.25 million shares, an ownership of approximately 8%, of common stock of Clean Seed Capital Group Ltd. (TSX Venture Exchange: “CSX”) for $1,190. The shares are publicly traded, have a readily determinable fair value, and are considered a Level 1 investment. The fair value of the stock amounted to $2,409 as of September 30, 2021. For the three months ended September 30, 2021, the Company recorded a loss in the amount of $269. For the nine months ended September 30, 2021, the Company recorded a gain in the amount of $502. The Company recorded gains in the amounts of $257 and $281, respectively, for the three- and nine months ended September 30, 2020.