CREDIT FACILITY - DEBT	9 Months Ended
CREDIT FACILITY - DEBT	Sep. 30, 2013
CREDIT FACILITY - DEBT
CREDIT FACILITY - DEBT	(9) CREDIT FACILITY - DEBT On August 27, 2013, the Partnership executed a Sixth Amendment to Revolving Loan Promissory Note and a Third Amendment to Fourth Amended and Restated Credit Agreement with the Partnership’s existing lender, American AgCredit, PCA. Under these documents the amount that is available for borrowing under the Partnership's revolving credit facility increased from $5.0 million to $7.0 million until December 31, 2013, at which time the revolving credit facility will be reduced to $5.0 million and any balance in excess of that amount must be repaid. In addition, the interest rate on any portion of the additional $2.0 million revolver amount that is drawn upon increases by 50 basis points over the interest rate for the first $5.0 million loan which is the higher of (i) a base rate of 4% and (ii) the prime rate as published in the Wall Street Journal plus 1%,. Other modifications include the reduction of the minimum EBITDA covenant to zero for the four quarters ended September 30, 2013 and certain definitional and technical changes. The Partnership’s revolving credit facility with American AgCredit, PCA expires on May 1, 2014, and, therefore, indebtness under the revolving credit facility is classified as short-term on the Partnership's balance sheet as of September 30, 2013. The Partnership had $5.6 million outstanding on the revolving credit facility at September 30, 2013, including $5.0 million with interest on revolving advances at 4.25% interest per annum and $600,000 with interest on advances at 4.75% interest per annum. The Partnership had $4.7 million outstanding on the line of credit at September 30, 2012, with interest on revolving advances at 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 $7.2 million and $8.2 million outstanding on the term loan at September 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 September 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 $7.7 million compared to a carrying value of $7.2 million as of September 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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