Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
6 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events

Note 12. Subsequent Events


Modification of Credit Agreements


The Silver Nip Citrus line of credit with Prudential was paid in full and terminated on April 28, 2015. Rabo has agreed, subject to certain conditions, that the Company may loan Silver Nip Citrus up to $7,000,000 on a revolving basis. These advances would be funded from either cash on hand or draws on the Company's $70,000,000 Rabo working capital line of credit.


Silver Nip has provided a $7,000,000 limited guaranty and a security agreement granting Rabo a security interest in crops, accounts receivable, inventory and certain other assets.


This modification required the amendment of various Prudential and Rabo loan documents and mortgages.