REGINA, Aug. 16, 2018 /CNW/ - Input Capital Corp. ("Input" or the "Company") (TSXV: INP) (US: INPCF) is pleased to announce the Declared Regional Price ("DRP") for marketing stream contracts for the 2018 crop season. The DRP for 2018 canola sales was set yesterday at $494.80 per MT, FOB Farm.
The DRP is the final reference price in the calculation of how much farmers receive for the canola they have contracted to sell via Input's marketing stream program. For crop grown in 2018, this means that marketing stream clients will receive a final price of $480.06 per MT ($10.89 per bushel), with Input organizing and paying for trucks to pick up the canola from the farmer's farmyard.
By comparison, the elevator price at Balgonie, Saskatchewan, at the close of business yesterday, was $452.52 per MT (or $10.26 per bushel). To get that price, the farmer would be required to complete the trucking at his/her own time and expense.
This means that for every 42 MT semi-truck load of canola grown in 2018 and sold via Input's marketing stream program, producers will put an extra $1,576.68 in their pocket, plus save themselves the time and effort required to drive the truck to the elevator themselves, and sit in line to complete the delivery.
Gord Nystuen, VP of Market Development at Input Capital commented: "The Input Capital marketing stream program offers excellent value to producers, helping them get a better price via Input than they often get on their own, with the added benefit that Input's team of canola marketing professionals manage all of the logistics, marketing, contracting, and hedging required to run the program successfully."
Input has 274 canola marketing stream clients across western Canada and invites canola farmers who are interested in a simple and straight-forward canola marketing program that helps them make more money to contact their local Input Capital marketing stream representative for more information about this program. A listing of Input reps can be found on the Input website at http://inputcapital.com/our-team/.
Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. The Company has developed several flexible and competitive forms of financing which help western Canadian canola farmers solve working capital, mortgage finance and canola marketing challenges and improve the financial position of their farms. Under a streaming contract, Input provides capital in exchange for a stream of canola via multi-year fixed-volume canola purchase contracts. To a farmer, Input is like a virtual grain company, buying canola and providing financial solutions. To canola buyers, Input is like a large virtual farm which produces and sells canola over a large geographically diverse footprint, but does not own the land, or equipment or operate the farm. In production terms, Input is the largest canola farm in the world.
Input plans to continue to grow and diversify its low cost canola production profile by entering into streaming contracts with canola farmers across western Canada. Input is focused on farmers with quality production profiles, excellent upside yield potential, and strong management teams.
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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.
For further information: Gord Nystuen, VP, Market Development, (306) 347-3005, [email protected]
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...