Organic Prices (CAD) $25.00 $23.00 $21.00 $19.00 $17.00 $15.00 - - PowerPoint PPT Presentation

Organic Prices (CAD)

$(1.00) $1.00 $3.00 $5.00 $7.00 $9.00 $11.00 $13.00 $15.00 $17.00 $19.00 $21.00 $23.00 $25.00 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

0% 50% 100% 150% 200% 250% 300% 350% 400% 450% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Chart Title

Wheat Barley Oats Corn PROPRIETARY & CONFIDENTIAL 2

Conventional Vs. Organic

When Imports Make sense

Canadian Feed Price Drivers.

$- $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 $16.00 $18.00 $20.00

Prices USD/Short Ton

CAD / BU

Canadian Feed Price Drivers.

$- $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 $16.00 $18.00 $20.00

Prices USD/Short Ton

CAD / BU Del Saskatoon

Canadian Prairie Growth

Data Credited to COTA CONFIDENTIAL 5 500 1000 1500 2000 2014 2015 2016 2017 2018 (Sam's est)

Crop Producers

Crop Producers 500 1000 1500 2000 2500 2014 2015 2016 2017 2018 (Sam's Est)

Acres (Thousands)

Acres (Thousands) 29% Growth 25% Growth

Organic Oat Market Growth

CONFIDENTIAL

• 10
• 5

5 10 15 20 25 2009 2010 2011 2012 2013 2014 2015 2016 2017

Growth Percentage

Growth Percentage

Market Info

• We will be able to carry some 2018 crop in this year.
• Organic supply in Canada is very healthy right now for most crops.
• We are not expecting a very good US crop based on the late plant and wet May. Today we expect to lose 25% of the our major food

positions position (US Oats and Corn) and likely to grow from there.

• We will be able to replace US crop out of Canada (Oats).
• Parts of Canada are dry but over all Canada is well ahead of the upper Midwest (US) on planting and plant development and there is no

major concerns out there for our organic crop right now unless we continue to see dry weather patterns. (which could happen).