Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 7: COMMITMENTS AND CONTINGENCIES

Commitments

The Company has separate grain supply agreements to purchase its grain requirements for its Indiana and Atchison facilities, each through a single supplier.  These grain supply agreements expire December 31, 2017.  At December 31, 2014, the Company had commitments to purchase grain to be used in operations through January 2016 totaling $42,656.

The Company has commitments to purchase natural gas needed in the production at fixed prices at various dates through November 2015.  The commitment for these contracts at December 31, 2014 totaled $12,841.

The Company has a supply contract for flour for use in the production of protein and starch ingredients.  The term of the agreement, as amended, expires October 23, 2015.  At December 31, 2014, the Company had purchase commitments aggregating$6,402 through December 2015.

At December 31, 2014, the Company had contracts to acquire capital assets of approximately $584. Subsequent to December 31, 2014, the Company entered to into a purchase commitment of $5,439 to replace the dryers damaged at the Indiana facility.

Contingencies

There are various legal proceedings involving the Company and its subsidiaries.  Management considers that the aggregate liabilities, if any, arising from such actions would not have a material adverse effect on the consolidated financial position or overall trends in results of operations of the Company.