CREDIT FACILITY - DEBT	6 Months Ended
CREDIT FACILITY - DEBT	Jun. 30, 2013
CREDIT FACILITY - DEBT
CREDIT FACILITY - DEBT	(9) CREDIT FACILITY - DEBT The Partnership has a $5.0 million revolving credit facility with American AgCredit, PCA which expires on May 1, 2014. Advances under the revolving credit facility bear interest at the base rate of 4% or the prime rate as published in the Wall Street Journal plus 1%, whichever is higher. The Partnership had $2.7 million and $1.5 million outstanding on the revolving credit facility at June 30, 2013 and 2012, respectively. At June 30, 2013 and 2012, interest on revolving advances was 4.25% per annum. In addition to the revolving credit facility, the Partnership has a 10-year $10.5 million term loan with American AgCredit, PCA which was entered into on August 4, 2010. The term loan matures on July 1, 2020, requires equal monthly payments over the term and bears fixed interest at 6.5% per annum. The Partnership had $7.4 million and $8.4 million outstanding on the term loan at June 30, 2013 and 2012, respectively. Both the revolving credit facility and the term loan are collateralized by all personal and real property assets of the Partnership and its subsidiaries. The credit agreements with American AgCredit PCA, contain various financial covenants. The Partnership was in compliance with all financial covenants at June 30, 2013 and 2012. The fair value of the line of credit is approximately the carrying value due to the variability of the interest rate and frequency that the interest rate resets. The 10-year term loan has a fixed rate and has a fair value of approximately $8.0 million compared to a carrying value of $7.4 million as of June 30, 2013. The inputs used in determining the fair value of the line of credit and loan are classified as Level 3 within the fair value measurement hierarchy. The estimated fair value of the Partnership’s fixed rate term loan was determined using an estimated market interest rate of 4.25% over a life equal to the remaining maturity. The Partnership has not considered lender fees in determining the estimated fair value.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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