REGINA, Jan. 10, 2014 /CNW/ - Input Capital Corp. ("Input") (TSX Venture Exchange: INP) expressed its support today for the Canola Council of Canada's new 10-year plan to capitalize on the world's growing appetite for healthier oils and protein. Yesterday, the Council announced its goal to increase canola production in Canada to meet 26 million tonnes of global demand and boost yield to an average of 52 bushels/acre by 2025.
Input CEO Doug Emsley said, "Not only do we support the Canola Council's plans to continue increasing canola crop yields, we're investing in it. To date, we've raised over $65 million to invest in canola streaming deals with Canadian canola farmers. Our program is designed specifically to make farmers more profitable and help them grow the canola yield potential on their farms."
Input Vice-President of Market Development Gord Nystuen said, "Farmers across western Canada are discovering the benefit that comes from having a solid, well-capitalized financial partner. We provide cash to strengthen the balance sheets of Canadian canola farmers so they can take advantage of the many exciting opportunities for higher canola yields and profitability."
Input Capital recently launched a new website for Canadian canola farmers about canola streaming at www.growyourpotential.ca.
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 contract. Input is a non-operating farming company with a portfolio of ten canola streams, all of which produce canola and revenue for Input within a year of the agreement being signed. Input plans to grow and diversify its low cost canola production profile through entering into additional canola streaming contracts with farmers across western Canada.
Input is focused on farmers with quality production profiles, excellent upside yield potential, and strong management teams. Input has completed canola streaming contracts in Northern Alberta, Western Saskatchewan and throughout East Central Saskatchewan.
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.
SOURCE: Input Capital Corp.
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