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Fair Value Measurements (Teucrium Natural Gas Fund [Member])
 12 Months Ended
Dec. 31, 2012
Teucrium Natural Gas 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   $ 4,476,336     $ -     $ -     $ 4,476,336  
Commodity futures contracts     9,550       -       -       9,550  
Total   $ 4,485,886     $ -     $ -     $ 4,485,886  

 

                      Balance as of  
Liabilities:   Level 1     Level 2     Level 3     December 31, 2012  
Commodity futures contracts   $ 233,919     $ -     $ -     $ 233,919  
                                 


December 31, 2011

                      Balance as of  
Assets:   Level 1     Level 2     Level 3     December 31, 2011  
Cash equivalents   $ 1,277,159     $ -     $ -     $ 1,277,159  
                                 

 

                      Balance as of  
Liabilities:   Level 1     Level 2     Level 3     December 31, 2011  
Commodity futures contracts   $ 602,440     $ -     $ -     $ 602,440  
                                 

 

 

During the year ended December 31, 2012 and for the period from commencement of operations (February 1, 2011) through December 31, 2011, the Fund did not have any significant transfers between any of the levels of the fair value hierarchy.