Restricted Cash

12 Months Ended

Oct. 31, 2011

Restricted Cash [Text Block]

8. Restricted Cash

Transit Insurance - Transit insurance covers livestock for the period that they are physically at the stockyards and under the care of stockyard personnel. This self insurance program is funded by a per head charge on all livestock received at the stockyard. The October 31, 2011 balance in restricted cash- transit insurance of approximately $35,000 represents the excess of per head fees charged over actual payments made for livestock that was injured or died while at the stockyards.

Letter of Credit - This is a $140,000 deposit with HNB to secure a Letter of Credit issued by the bank for bonds issued in relation to the St. Joseph Stockyards clearing operation. This deposit is maintained in an interest bearing account.