Question-and-Answer Session
Operator
(Operator instructions) Our first question is coming from Matt Farwell of Imperial Capital.
Matt Farwell - Imperial Capital
Good morning guys.
Todd Becker
Hi.
Matt Farwell - Imperial Capital
I see you had some nice growth in the Agribusiness segment, and I am wondering if you can provide some more color on what is driving some of the top line growth, and also I see the margins are improving. Is this a seasonal change or should we expect them to remain this high going forward?
Todd Becker
With regard to the Agribusiness segment that is a -- we completed the acquisition of that company in early 2008. We really have been focusing on improving that business overall. We focused on getting new customers, making more sales, and rally expanding that business. We see a lot of organic growth there from volumes both in agronomy as well as grain handling, and that for us is a segment that we continue to focus on everyday and we think overall we still haven’t seen the full capability yet, and that will come in the next couple of quarters, during these seasonal quarters that are most important to them.
With regard to the margin environment, we have seen an improvement in ethanol margins overall, and improvement continues to roll forward here as we really don't operate in the spot market, it is really not where Green Plains operates. We continue to try to lock margins in due to 3 to 6 months out, and we have been successful in doing some of that. The margins today from our standpoint are adequate to continue to move to lock margins in, and hopefully we are able to do that.
It's always difficult to go quarter or two out in this industry to put a lot of the -- to lock a lot of the margins away, but we have been making progress. As you see we came into the third quarter or coming into this quarter currently with 70 million gallons locked in, and we continue to make progress from there. So we are optimistic that the current margin requirement based on the supply and demand equilibrium in ethanol will continue to roll forward.
Matt Farwell - Imperial Capital
And then a question, you mentioned that the amount of production and sales hedged over the next 12 months is roughly 15% on both sides. How much of that is exposure in the current quarter versus hedges that will fall into future quarters, and I guess another question is do you plan to ever separate out hedging gains or losses on the income statement?
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