10/08/2015

Canadian farmers follow miners, stream crops for cash

Canadian canola farmers are tapping an alternative form of financing more often used by cash-hungry miners, turning a small Saskatchewan company into one of the country's biggest suppliers of the oilseed. Regina-based Input Capital Corp, which does not own a tractor or grain bin, now controls 75,000 tonnes of canola production through contracts with 78 farmers, up from just five in 2013. Input, which has a market capitalization of about C$200 million ($153.43 million), says it is the first company in the world to buy "streams" of farmers' future production. The practice was pioneered among miners by Silver Wheaton Corp.