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Fair Value Measurements (Teucrium Sugar Fund [Member])
 12 Months Ended
Dec. 31, 2012
Teucrium Sugar Fund [Member]
  
Fair Value Measurements

Note 3 - Fair Value Measurements

 

The Fund's assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Fund's significant accounting policies in Note 2. The following table presents information about the Fund's assets and liabilities measured at fair value as of December 31, 2012 and December 31, 2011:

 

December 31, 2012                  
                Balance as of  
Assets:   Level 1   Level 2   Level 3   December 31, 2012  
Cash equivalents   $ 2,088,533     $ -     $ -     $ 2,088,533  
                                 

 

                Balance as of  
Liabilities:   Level 1   Level 2   Level 3   December 31, 2012  
Commodity futures contracts   $ 78,378     $ -     $ -     $ 78,378  
                                 

 

December 31, 2011                  
                Balance as of  
Assets:   Level 1   Level 2   Level 3   December 31, 2011  
Cash equivalents   $ 2,051,003     $ -     $ -     $ 2,051,003  
                                 

 

                Balance as of  
Liabilities:   Level 1   Level 2   Level 3   December 31, 2011  
Commodity futures contracts   $ 138,198     $ -     $ -     $ 138,198  
                                 

 

During the years ended December 31, 2012 and 2011, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.