Andersons, Inc., was founded in 1947. The Company is a diversified company engaged in grain, ethanol and plant nutrient industries of U.S. agriculture, as well as in railcar leasing and repair, turf products production and general merchandise retailing. The Company's operations are classified into six reportable business segments: Grain, Ethanol, Rail, Plant Nutrient, Turf & Specialty, and Retail. The Grain business operates grain elevators in various states in the U.S. Corn Belt. Income is earned on grain bought and sold or put through the elevator, grain that is purchased and conditioned for resale, and space income. The Grain business also offers a number of unique grain marketing, risk management and corn origination services to its customers and affiliated ethanol facilities for which it collects fees. The Ethanol Group has ownership interests in four Limited Liability Companies. Each of the LLCs owns an ethanol plant that is operated by the Company's Ethanol Group. The plants are located in Iowa, Indiana, Michigan, and Ohio and have combined capacity of 330 million gallons of ethanol. The Group offers facility operations, risk management and marketing services to the LLCs it operates as well as third parties. The Plant Nutrient Group manufactures, distributes and retails agricultural and related plant nutrients and pelleted lime and gypsum products in the U.S. Corn Belt, Florida and Puerto Rico. The Group provides warehousing, packaging and manufacturing services to basic nutrient manufacturers and other distributors. The Company's Rail Group repairs, sells and leases a fleet of over 22,700 railcars and locomotives of various types, as well as a small number of containers. The Rail Group is also an investor in the short-line railroad, Iowa Northern Railway Company. The Turf & Specialty Group produces granular fertilizer and control products for the turf and ornamental markets. It also produces private label fertilizer and control products, and corncob-based animal bedding and cat litter for the consumer markets. The Company's Retail Group include large retail stores operated as The Andersons, which are located in the Columbus and Toledo, Ohio markets. The retail concept is More for Your Home and the stores providing significant product breadth with offerings in home improvement and other mass merchandise categories as well as specialty foods, wine and indoor and outdoor garden centers. The Company, like other companies engaged in similar businesses, is subject to a multitude of federal, state and local environmental protection laws and regulations including, but not limited to, laws and regulations relating to air quality, water quality, pesticides and hazardous materials.