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Fair Value Measurements (Teucrium Agricultural Fund [Member])
 3 Months Ended
Mar. 31, 2013
Teucrium Agricultural 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 March 31, 2013 and December 31, 2012:

 

March 31, 2013                  
                Balance as of  
Assets:   Level 1   Level 2   Level 3   March 31, 2013  
Exchange-traded funds   $ 2,229,099     $ -     $ -     $ 2,229,099  
Cash equivalents     6,835       -       -       6,835  
Total   $ 2,235,934     $ -     $ -     $ 2,235,934  

 

 

December 31, 2012                  
                Balance as of  
Assets:   Level 1   Level 2   Level 3   December 31, 2012  
Exchange-traded funds   $ 2,426,187     $ -     $ -     $ 2,426,187  
Cash equivalents     6,419       -       -       6,419  
Total   $ 2,432,606     $ -     $ -     $ 2,432,606