Note 9 - Investments

12 Months Ended

Dec. 31, 2012

9. Investments

Investments consist of the following:

	December 31,
	2011		2012
Investment in CoBank stock, at cost	$	1,474,920	$	1,474,920
Rental property		397,644		372,134
Other miscellaneous		71,241		72,273
	$	1,943,805	$	1,919,327

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 has, and in the past, had, debt. These certificates yield dividends on an annual basis, and the investment is redeemed ratably subsequent to the repayment of the debt.