PROPERTY USED IN STOCKYARD OPERATIONS

3 Months Ended

Apr. 30, 2012

PROPERTY USED IN STOCKYARD OPERATIONS [Text Block]

11. PROPERTY USED IN STOCKYARD OPERATIONS

A schedule of the Company’s property used in stockyard operations at April 30, 2012 is as follows (000’s omitted):

						Current Year
						(Retirements)
		Historical Cost				Additions							Carrying
				Bldgs. &				Bldgs. &		Accum.			Value
Description (1)		Land		Imprvmts.		Land		Imprvmts.		Depr.			04/30/12
30 acres of land in St. Joseph, MO Acquired in 1942	$	902	$	384	$	0	$	0	$	(223	)	$	1,063

Substantially all of Canal’s real property is pledged as collateral for its related party debt obligations.