World Grain -- December 2013 - 18

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Ethanol, rail gives The Andersons a record quarter
MAUMEE, OHIO, U.S. - The Andersons, Inc. announced on Nov.
6 that third quarter net income attributable to the company increased
to $17.2 million, or 91¢ per diluted share, on revenues of $1.2 billion.
"We had a record third quarter, due to the exceptional results seen
in our Ethanol and Rail groups," Chief Executive Officer Mike Anderson said. "We also had good results in the Grain Group. Our expectation for the last quarter of the year is that it will be comparable
to results seen in 2010 and 2011. The fourth quarter of 2012 results
were tempered by the drought, which we are happy to say is behind
us; we are instead in the midst of a record corn crop.
The Grain Group had operating income of $14.3 million in the
third quarter of 2013 versus $10.8 million for the same period last
year. Both space income and gross profit on sales in the third quarter
were higher than the prior year."

The company's investment in Lansing Trade Group also had
strong results. Revenues for the Grain Group were $766 million and
$677 million for the third quarter of 2013 and 2012, respectively.
Revenues increased due to an increase in the bushels sold, as the
average price per bushel decreased.
The Grain Group's operating income for the first nine months of
the year was $24.7 million on revenues of $2.5 billion. Last year, its
operating income through September was $45.5 million on revenues
of $2.1 billion. The group's 2013 results have been materially impacted by the 2012 drought.
The Ethanol Group achieved record operating income of $10.9
million in the third quarter on revenues of $213 million. This compares to an operating loss of $900,000 during the same period last
year on revenues of $210 million.

FAO: Typhoon Haiyan hurt rice crop
ROME, ITALY - Hundreds of thousands of farmers in the Philippines
whose crops were destroyed by Typhoon Haiyan need urgent assistance
to sow new seeds before the end of the current planting season, the United Nation's Food and Agriculture Organization said on Nov. 19.
The typhoon caused damage in the central part of the country to the
2013 main season rice crop.
It also badly disrupted planting of the current 2013-14 secondary

season, which ends in late December.
There is concern that many storage facilities may have been destroyed along with their contents.
Damage to the main season paddy crop both by Typhoon Haiyan
and by Typhoon Nari, which hit northern parts of the country in October, as well as disruption to the planting of the second season is
expected to result in lower rice production than anticipated for 2013.

For more information, see Page 102.

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+1-519-627-8228 | sales@lambtonconveyor.com
18
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December 2013 / World Grain / www.World-Grain.com

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World Grain -- December 2013

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