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LONG TERM DEBT
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements 
LONG TERM DEBT

 

On September 30, 2011, the Company entered into a long term debt agreement with Farm Credit Services in the amount of $1,400,000. This loan requires monthly payments of $12,004 principal and interest for the 15 year term of the loan, at an annual interest rate of 6.25%. The purpose of the loan was to make capital improvements to the facility in Turner.