Your Cooperative is continuing to invest in assets to improve our ability to serve customers, while reducing our long-term debt and strengthening our balance sheet. We are continuing to focus on our core businesses of Grain, Crop Production, Energy and Feed with emphasis on you our customer, innovation and value-based programs, while constantly reviewing and improving our efficiency.
We have purchased new equipment and continue to make upgrades to our facilities. Your cooperative is actively working on upgrading our Polk location with a new dry fertilizer plant upgrade and a 10-ton fertilizer blender and load out. In addition, the York warehouse is undergoing a facility upgrade as well. We intend to continue to make improvements at other locations throughout 2013. Below is a list of new agronomy equipment: