REGINA, Nov. 6, 2013 /CNW/ - Input Capital Corp. ("Input") (TSX Venture Exchange: INP) announced today the addition of three well-known and top quality farmers to its Business Development team.
Kelvin Meadows (Moose Jaw, Sask), Warren Kaeding (Churchbridge, Sask) and John Cote (Saskatoon, Sask) are all previous winners of the Saskatchewan Young Farmer of the Year award, and join Gord Nystuen, Vice-President of Market Development, to greatly enhance Input's deal generation and processing capacity.
"We are excited to have Kelvin, Warren and John join our team," said President and CEO Doug Emsley. "They are all well-known, successful and highly respected farmers on the Saskatchewan and Canadian agriculture scene. Their work with Input Capital will enhance our geographic footprint in multiple areas of the province simultaneously, allowing us to rapidly grow our deal pipeline."
Biographies follow at the bottom of this news release.
Input to Release Q2 Results
Today, Input also announced that it will release its 2014 second quarter results on Wednesday, November 27, 2013, after market close.
Webcast and Conference Call Details
A conference call will be held on Thursday, November 28, 2013 starting at 9:30 am Saskatchewan time (10:30 am Eastern time) to further discuss the second quarter results. To participate in the conference call use the following dial-in number:
Participant Dial in #: (888) 231-8191 (North America Toll Free)
It is recommended that participants dial in five minutes prior to the commencement of the conference call. Soon after the completion of the call, the webcast will be available for download on the Input Capital website.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. Input enters into multi-year canola streaming contracts with canola farmers in western Canada. Pursuant to the streaming contract, Input purchases a fixed portion of the canola produced, at a fixed price, for the duration of the term of the multi-year contract. Input is a non-operating farming company with a portfolio of ten canola streams, all of which produce canola and revenue for Input in the year the agreement is signed. Input plans to grow and diversify its low cost canola production profile through entering into additional multi-year canola streaming contracts with farmers across western Canada.
Input is focused on farmers with quality production profiles, excellent upside yield potential, and strong management. Input has completed canola streaming contracts in Northern Alberta, Western Saskatchewan and throughout East Central Saskatchewan.
Not many people know much about canola, but the Canadian canola industry is larger than the more well-known Canadian potash industry.
- Canola is the largest and most profitable crop in Canadian agriculture, generating more than 25% of all farm receipts.
- Canadian-grown canola contributes $19.3 billion to the Canadian economy each year, including more than 249,000 Canadian jobs and $8.2 billion in wages.
- In 2012, canola was ranked as the 7th most important Canadian export by value, compared to potash in 10th position.
- In 2012, canola was Canada's top export to China, representing a full 16% of all Canadian exports to China.
- Canada is the dominant canola exporter in the world, with a 72% global export market share in 2011/12.
Forward Looking Statements
This release includes forward-looking statements regarding Input and its business. Such statements are based on the current expectations and views of future events of Input's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Input, including risks regarding the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of Input. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Input undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Kelvin Meadows has 20 years' experience in pedigreed seed production and was also the owner/operator of a seed cleaning and export business near Moose Jaw, Saskatchewan. Kelvin spent ten years as Director and Chairman of the Saskatchewan Canola Development Commission, an organization he credits with exposing him to the food processing industry. In 1998, Kelvin and his wife Shelley were named Saskatchewan Young Farmers of the Year. After selling the farm in 2008, Kelvin and Shelley moved into value-added food processing. Kelvin is currently a major shareholder and Chairman of the Board for Avena Foods, one of the largest dedicated gluten-free oat processing facilities in North America. In 2011, he was awarded a Nuffield Scholarship and spent two years travelling internationally researching the factors that contribute to successful farmer owned value chains. Kelvin lives in Moose Jaw, Saskatchewan.
Warren Kaeding, PAg.
Warren Kaeding graduated from the University of Saskatchewan with a Degree in Agriculture in 1984. He worked for ten years with Bayer Crop Science as a sales rep while also developing Wagon Wheel Seed Corp., a 6,500 acre pedigreed seed farm, located in Churchbridge, Saskatchewan. Wagon Wheel Seeds specialized in pedigreed cereals, peas, faba bean and retailed canola seed, inoculant, pesticides and forage seed. They also grew special crops that included soybeans, dry beans, spice crops, sunflower, various nutraceuticals and pumpkins, while marketing pedigreed seed and processed product throughout North and South America as well as Europe. In 1999, Warren and his wife Carla were named co-winners in Saskatchewan's Outstanding Young Farmers Competition and went on to be named Canada's Outstanding Young Farmers of the Year.
Warren has been involved with numerous boards such as the Saskatchewan Seed Growers Association, the Saskatchewan Institute of Agrologists, Advisor to the Saskatchewan Pulse Growers Association, Advisor to the Saskatchewan Crop Development Center and a member of the Agriculture Development Fund Advisory Board. Warren lives in Churchbridge, Saskatchewan, where he is very active in his community. Warren's wife, Carla, is the Churchbridge Town Administrator and they have two grown sons.
John Cote, together with his wife Barb and his children are currently in the process of setting up a new farm on the outskirts of Saskatoon, concentrating on cut flowers, small fruit and a boutique distillery. John obtained his degree in Agriculture from the University of Saskatchewan in 1986 and returned with Barb to the family farm in Leask, Saskatchewan, where they grain farmed until 2010.
In 2001, John and his wife Barb Stefanyshyn-Cote were named co-winners in Saskatchewan's Outstanding Young Farmers Competition and went on to be named Canada's Outstanding Young Farmers of the Year. During his career in agriculture, John has had the opportunity to work and study on farms throughout the Americas, Australia and the former Soviet Union.
SOURCE: Input Capital Corp.
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