Note 6 - Investments

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Investment [Text Block]

6. Investments

Investments consist of the following (in thousands) as of:

	December 31,
	201 8		201 7
Investment in CoBank stock	$	1,192	$	1,311
Rental property		219		245
Other miscellaneous		87		76
	$	1,498	$	1,632

The investment in CoBank stock is carried at historical cost due to

no

readily determinable fair value for those instruments being available. Management believes there has been

no

other than temporary impairment in such investment. This investment consists of patronage certificates that represent ownership in the financial institution where the Company previously had and currently has debt. These certificates yield dividends on an annual basis, and the investment is redeemed ratably subsequent to the repayment of the debt. The Company purchased a

two

year interest rate cap associated with the New Credit Facility and it had a value of

$4

thousand as of

December 31, 2018.