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Non-Tech : Income Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (42259)	2/24/2020 1:51:45 AM
From: Elroy	Respond to of 52053

I believe this quarter actually showed an Operating Loss for the quarter w/ the disposal of some assets (3x normal per quarter). So the available cash for distribution was negative (-$4,517,000) This is the 1st time in years I recall this. It's the first time in years that you recall cash for distribution being negative? They only resumed paying distributions based on Q4 2019. Before that they went about 2.3-4 years paying zero. I assume cash for distribution was negative in each of those quarters. I do wonder if they need to make up the negative $4.5m in 2020 before resuming distributions again? Any idea? Some good macro news......"The agency predicts 94.0 million acres of corn to be planted in 2020, 2 million more acres than predicted at last year’s outlook and up 4.3 million acres from 2019, per February’s WASDE report. 2020 soybean acreage will take the lion’s share of last year’s 16.0 million prevented plant acres. Around 85.0 million acres of soybeans are forecasted to be planted across the country this year, up nearly 9 million acres from last year’s known production." farmprogress.com