text: Substantially all of the Company’s assets serve as collateral for the long-term debt. The Company's outstanding long- 
  term CoBank debt is $37.4 million, all of which is at fixed rates ranging from approximately 6% to 8%. The stated rate 
  excludes patronage credits that are received from CoBank. These patronage credits are a distribution of CoBank’s 
  profits, as it is a cooperative and is required to distribute its profits to its members. During the first quarter of 2003, the 
  Company received patronage credits of approximately 60 basis points on its outstanding CoBank debt balance. The 
  Company accrued a similar amount in the current year, in anticipation of the early 2004 distribution of the credits by 
  CoBank. Repayment of the CoBank long-term debt facilities requires monthly payments on the debt through 
  September 2013. The Company is required to meet financial covenants measured at the end of each quarter, based on a 
  trailing 12-month basis and are calculated on continuing operations. At December 31, 2003, the covenant calculations 
  were as follows. The ratio of total debt to operating cash flow, which must be 3.5 or lower, was 1.2. The equity to 
  total assets ratio, which must be 35% or higher, was 57.3%. The ratio of operating cash flow to scheduled debt service, 
  which must exceed 2.0, was 4.29. The Company was in compliance with all other covenants related to its debt 
  agreements at December 31, 2003. 