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Related Party Transactions:
12 Months Ended
Dec. 29, 2012
Related Party Transactions:  
Related Party Transactions:

12.  Related Party Transactions:

 

We own a farming, processing and storage facility located on 696 acres of land in Lynden, Washington, which is leased from the Uptrails Group LLC, owned by three members of the Rader family.  One of the three, Brad Rader, is a current employee of ours and one of the others, Sue Rader, was a former owner of Rader Farms.  This operating lease commenced on the acquisition date and was extended in October 2012 through May 17, 2027.  Lease payments are $43,500 per month through May 17, 2017 at which time they increase to $52,200 for the duration of the term of the lease.

 

Effective January 13, 2013, a member of our Board of Directors was named Chief Executive Officer of Bland Farms, Inc., the parent company of Vidalia Brands, Inc., with whom we have a broker agreement and a license to sell our Vidalia® brand snack products.