REGINA, Feb. 25, 2015 /CNW/ - Input Capital Corp. ("Input" or the "Company") (INP.V) (INPCF) is pleased to announce that it has begun a study into streaming soybeans with Canadian farmers.
"We have been getting feedback from farmers in Manitoba and Ontario that they see potential value in streaming contracts for soybeans, and they have encouraged us to look at this market," said President & CEO Doug Emsley. "Our plan is to be consistent with our approach to new ideas: first, we'll educate ourselves on the soybean market, and if we agree with farmers that there is an opportunity for soybean streaming, we'll start with a limited number of small contracts as a pilot test. If those go well, we'll make soybean streaming into a standard offering along with our existing canola contracts."
Emsley continued, "Input has proven the canola streaming model and its applicability for Canadian farmers. Soybeans appear to be a natural extension of Input's canola streaming model, and streaming soybeans offers the possibility to spread our wings into more markets in Canada, and potentially beyond, in the years to come."
Input is an agriculture commodity streaming company with a current focus on canola, the largest and most profitable crop in Canadian agriculture. Input enters into 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 forty two 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 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 Alberta, Saskatchewan and Manitoba.
The shares of Input Capital Corp. are traded on the TSX Venture Exchange under the symbol "INP".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Input Capital Corp.