(10) UNION BARGAINING UNIT INTERMITTENT EMPLOYEES SEVERANCE PLAN

The Partnership provides a severance plan, since the acquisition of the farming operations on May 1, 2000, that covers union members that are not part of the defined benefit pension plan and are classified as intermittent employees per the bargaining union agreement. The severance plan provides for the payment of 8 days of pay for each year worked (upon the completion of 3 years of continuous service) if the employee becomes physically or mentally incapacitated, is part of a Partnership mass layoff, or reaches the age of 60 and is terminated or voluntarily terminates. The Partnership accounts for the benefit by determining the present value of the future benefits based upon an actuarial analysis. The projected benefit obligation includes the obligation for the employees of their previous employer that became Partnership employees.

The following reconciles the changes in the severance benefit obligation and plan assets for the years ended December 31, 2012, 2011 and 2010 to the funded status of the plan and the amounts recognized in the consolidated balance sheets at December 31, 2012, 2011 and 2010 (000’s).

	2012			2011			2010
Change in severance obligation:
Severance obligation at beginning of year	$	367		$	377		$	326
Service cost	16			17			15
Interest cost	14			17			17
Acturial loss	15			11			19
Benefits paid	—			(61		)	—
Settlements	—			6			—
Severance obligation at end of year	$	412		$	367		$	377

Change in plan assets:
Fair value of plan assets at beginning of year	$	0		$	0		$	0
Employer contribution	—			61			—
Benefits paid	—			(61		)	—
Fair value of plan assets at end of year	$	0		$	0		$	0

Amounts recognized in the consolidated balance sheets consist of:
Accrued severance liability (current)	$	(61	)	$	(57	)	$	(55	)
Accrued severance liability (non-current)	(351		)	(310		)	(322		)
Net amount recognized	$	(412	)	$	(367	)	$	(377	)

The amounts recognized in accumulated other comprehensive loss at December 31, 2012, 2011 and 2010 were as follows (000’s):

	2012		2011		2010
Net actuarial loss	$	51	$	36	25

There will be no estimated net actuarial loss that will be amortized from accumulated other comprehensive loss into net periodic cost for the year ending December 31, 2013.

The components of net periodic cost for the years ended December 31, 2012, 2011 and 2010 were as follows (000’s):

	2012		2011		2010
Service cost	$	16	$	17	$	15
Interest cost	14		17		17
Settlement loss	—		6		—
Net periodic pension cost	$	30	$	40	$	32

The net actuarial loss recognized in other comprehensive income is $15,000, $11,000 and $19,000 in the year ended December 31, 2012, 2011 and 2010, respectively.

Weighted average assumptions	2012		2011		2010

Discount rate	3.70	%	4.10	%	4.96	%
Rate of compensation increase	1.65	%	1.65	%	1.65	%

The discount rate was determined based on an analysis of interest rates for high-quality, long-term corporate debt. This analysis created a yield curve of annualized individual discount rates for period from one to thirty years. The discount rate used to determine the severance benefit obligation as of the balance sheet date is the rate in effect at the measurement date. The same rate is also used to determine the net periodic cost for the fiscal year.

The Partnership expects to make $61,000 in contributions to the plan in 2013.

The following benefit payments, which reflect expected future services, as appropriate, are expected to be paid:

Years Ending December 31,	(000’s)
2013	$	61
2014	26
2015	32
2016	48
2017	25
2018-2022	144