South Dakota Soybean Processors (SDSYA) 10-K/A 27 Apr 22 2021 FY Annual report (amended) Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 15, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K/A
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-50253
Entity Registrant Name	South Dakota Soybean Processors, LLC
Entity Incorporation, State or Country Code	SD
Entity Tax Identification Number	46-0462968
Entity Address, Address Line One	100 Caspian Avenue
Entity Address, Address Line Two	PO Box 500
Entity Address, City or Town	Volga
Entity Address, State or Province	SD
Entity Address, Postal Zip Code	57071
City Area Code	605
Local Phone Number	627-9240
Title of 12(g) Security	CLASS A CAPITAL UNITS
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Public Float			$ 128,536,053
Entity Common Stock, Shares Outstanding		30,419,000
Documents Incorporated by Reference	Part III of Form 10-K - Portions of the Definitive Proxy Statement to be filed with the Securities Exchange Commission within 120 days after the close of the registrant's fiscal year (December 31, 2021).
Entity Central Index Key	0001163609
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Firm ID	286
Auditor Name	Eide Bailly LLP
Auditor Location	Fargo, North Dakota

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 833,738	$ 3,650,950
Trade accounts receivable	36,571,001	28,990,655
Inventories	95,066,385	69,593,473
Commodity derivative instruments	11,933,759	28,417,680
Margin deposits	2,099,626	6,018,001
Prepaid expenses	2,692,338	2,093,622
Total current assets	149,196,847	138,764,381
Property and equipment	133,919,053	122,195,099
Less accumulated depreciation	(61,386,445)	(57,963,905)
Total property and equipment, net	72,532,608	64,231,194
Other assets
Investments in related parties	10,764,310	9,327,890
Investments in cooperatives	1,559,800	1,539,293
Operating Lease, Right-of-Use Asset	11,232,558	11,960,289
Total other assets	23,556,668	22,827,472
Total assets	245,286,123	225,823,047
Liabilities and Members' Equity
Excess of outstanding checks over bank balance	(10,698,239)	(8,263,020)
Current maturities of long-term debt	2,902,473	0
Note payable - seasonal loan	0	0
Current operating lease liabilities	1,958,707	5,846,456
Accounts payable	1,931,911	1,506,779
Accrued commodity purchases	60,892,294	44,962,904
Commodity derivative instruments	27,644,858	41,940,744
Accrued expenses	4,305,749	3,083,591
Accrued interest	67,126	40,564
Deferred liabilities - current	1,347,409	1,728,407
Total current liabilities	111,748,766	107,372,465
Long-term liabilities
Long-term debt, net of current maturities and unamortized debt issuance costs	13,991,458	17,499,868
Long-term operating lease liabilities	6,130,994	6,113,834
Total long-term liabilities	20,122,452	23,613,702
Commitments and contingencies (Notes 8, 9, 10, 16 & 18)
Members' equity
Total liabilities and members' equity	245,286,123	225,823,047
Capital Unit, Class A [Member]
Members' equity
Members' equity Class A Units, no par value, 30,419,000 units issued and outstanding	$ 113,414,905	$ 94,836,880

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - Capital Unit, Class A [Member] - shares	Dec. 31, 2021	Dec. 31, 2020
Common stock, shares issued	30,419,000	30,419,000
Common stock, shares outstanding	30,419,000	30,419,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net revenues	$ 590,150,153	$ 415,025,765	$ 371,275,766
Cost of revenues:
Cost of product sold	481,430,381	327,346,105	289,379,275
Production	31,980,845	29,452,928	30,889,789
Freight and rail	42,487,645	38,301,610	35,572,737
Brokerage fees	776,936	671,817	634,129
Total cost of revenues	556,675,807	395,772,460	356,475,930
Gross profit	33,474,346	19,253,305	14,799,836
Operating expenses:
Administration	4,590,227	3,819,645	3,624,306
Operating income	28,884,119	15,433,660	11,175,530
Other income (expense):
Interest expense	(1,634,367)	(1,090,951)	(919,157)
Other non-operating income (expense)	393,016	1,043,465	554,356
Patronage dividend income	365,147	195,553	169,456
Total other income (expense)	(876,204)	148,067	(195,345)
Income before income taxes	28,007,915	15,581,727	10,980,185
Income tax (expense), net	0	0	(600)
Net income	$ 28,007,915	$ 15,581,727	$ 10,979,585
Basic and diluted earnings (loss) per capital unit:	$ 0.92	$ 0.51	$ 0.36
Weighted average number of capital units outstanding for calculation of basic and diluted earnings (loss) per capital unit	30,419,000	30,419,000	30,419,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Members' Equity - USD ($)	Total	Capital Unit, Class A [Member]
Member's Equity at Dec. 31, 2018		$ 90,177,248
Balances (in Units) at Dec. 31, 2018		30,419,000
Net Income (Loss) Attributable to Parent	$ 10,979,585	$ 10,979,585
Distribution to members	(15,209,500)
Balance, December 31, 2012 at Dec. 31, 2019		$ 85,947,333
Balances (in Units) at Dec. 31, 2019		30,419,000
Net Income (Loss) Attributable to Parent	15,581,727	$ 15,581,727
Distribution to members		(6,692,180)
Balance, December 31, 2012 at Dec. 31, 2020		$ 94,836,880
Balances (in Units) at Dec. 31, 2020		30,419,000
Net Income (Loss) Attributable to Parent	$ 28,007,915	$ 28,007,915
Distribution to members		(9,429,890)
Balance, December 31, 2012 at Dec. 31, 2021		$ 113,414,905
Balances (in Units) at Dec. 31, 2021		30,419,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating activities
Net income	$ 28,007,915	$ 15,581,727	$ 10,979,585
Charges and credits to net income not affecting cash:
Depreciation and amortization	5,092,868	4,909,271	4,489,614
Net (gain) loss recognized on derivative instruments	10,042,360	8,925,177	4,150,476
(Gain) loss on sales of property and equipment	(96,506)	(7,454)	64,244
Loss on equity method investment	0	0	135,588
Non-cash patronage dividends and interest income	(75,411)	(43,405)	(42,364)
Forgiveness of Paycheck Protection Program loan	(10,000)	(1,205,700)	0
Change in current operating assets and liabilities	(24,944,958)	(13,952,784)	(23,124,160)
Net cash (used for) from operating activities	18,016,268	14,206,832	(3,347,017)
Investing activities
Purchase of investments	0	(404,329)	0
Retirement of patronage dividends	54,904	66,210	32,288
Proceeds from sales of property and equipment	150,060	41,216	65,825
Purchase of property and equipment	(13,442,955)	(4,652,368)	(10,066,719)
Net cash (used for) investing activities	(13,237,991)	(4,949,271)	(9,968,606)
Financing activities
Change in excess of outstanding checks over bank balances	2,435,219	98,268	4,271,573
Net (payments) proceeds from seasonal borrowings	0	(1,743,029)	1,743,029
Distributions to members	(9,429,890)	(6,692,180)	(15,209,500)
Payments for debt issue costs	0	(10,000)	0
Proceeds from long-term debt	20,344,412	35,999,802	71,476,467
Principal payments on long-term debt	(20,945,230)	(33,884,153)	(55,538,347)
Net cash from (used for) financing activities	(7,595,489)	(6,231,292)	6,743,222
Net change in cash and cash equivalents	(2,817,212)	3,026,269	(6,572,401)
Cash and cash equivalents, beginning of year	3,650,950	624,681	7,197,082
Cash and cash equivalents, end of year	833,738	3,650,950	624,681
Supplemental disclosures of cash flow information
Interest	1,607,805	1,125,157	855,060
Income taxes	0	0	0
Noncash investing activities:
Soybean meal contributed as investment in related party	$ 1,436,420	$ 1,049,834	$ 0

Principal Activity and Signific

Principal Activity and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principal Activity and Significant Accounting Policies	Principal Activity and Significant Accounting Policies Organization South Dakota Soybean Processors, LLC (the “Company” or “LLC”) processes and sells soybean products, such as soybean meal, oil, and hulls. The Company’s principal operations are located where we have plants in Volga and Miller, South Dakota. Cash and cash equivalents The Company considers all highly liquid investment instruments with original maturities of three months or less at the time of acquisition to be cash equivalents. Inventories Finished goods (soybean meal, oil, refined oil, and hulls) and raw materials (soybeans) are valued at estimated market value, which approximates net realizable value. This accounting policy is in accordance with the guidelines described in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 905, Agriculture (formerly AICPA Statement of Position No. 85-3, Accounting by Agricultural Producers and Agricultural Cooperatives). Supplies and other inventories are stated at lower of cost or net realizable value. Investments The Company accounts for its equity investments in Prairie AquaTech, LLC, Prairie AquaTech Manufacturing, LLC, and Prairie AquaTech Investments, LLC using Accounting Standards Update (ASU) No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities . All equity securities that do not result in consolidation and are not accounted for under the equity method are measured at fair value with changes therein reflected in net income. We have elected to utilize the measurement alternative for equity investments that do not have readily determinable fair values and measure these investments at cost less any impairment plus or minus observable price changes in orderly transactions. Prior to October 1, 2019, the Company accounted for its investment in Prairie AquaTech, LLC using the equity method due to the Company's ability to influence management decisions of Prairie AquaTech, LLC, due to its Board position on the Entity's Board of Managers. While the Company still holds its position on that entity's Board of Managers, the Company's ability to influence management decisions has been reduced due to additional quantity of board seats outstanding. Therefore, the Company ceased its accounting for its investment in Prairie AquaTech, LLC under the equity method, and began accounting for the investment using ASU No. 2016-01. Investments in cooperatives are recorded in a manner similar to equity investments without readily determinable fair values, cost plus the amount of patronage earnings allocated to the Company, less any cash distributions received. Property and equipment Property and equipment is stated at cost. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are charged to expense when incurred. When depreciable properties are sold or retired, the cost and accumulated depreciation are eliminated from the accounts and the resultant gain or loss is reflected in income. Depreciation is provided for over the estimated useful lives of the individual assets using the straight-line method. The range of the estimated useful lives used in the computation of depreciation is as follows: Building and improvements 10-39 years Equipment and furnishings 3-15 years Railcars 50 years The Company reviews its long-lived assets for impairment whenever events indicate that the carrying amount of the asset may not be recoverable. If impairment indicators are present and the future cash flows is less than the carrying amount of the assets, values are reduced to the estimated fair value of those assets. The Company did not recognize any impairment on property and equipment during the years ended December 31, 2021, 2020, and 2019. Deferred revenue The Company recognizes revenues as earned. Amounts received in advance of the period in which service is rendered are recorded as a liability under “Deferred liabilities”. The Company's deferred revenues as of January 1, 2020 was $101,111. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue The Company accounts for all of its revenues from contracts with customers under ASC 606, Revenue from Contracts with Customers. The Company principally generates revenue from merchandising and transporting manufactured agricultural products used as ingredients in food, feed, energy and industrial products. Revenue is measured based on the consideration specified in the contract with a customer, and excludes any amounts collected on behalf of third parties (e.g. - taxes). The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product to a customer. Control transfer typically occurs when goods are shipped from our facilities or at other predetermined control transfer points (for instance, destination terms). Shipping and handling costs related to contracts with customers for sale of goods are accounted for as a fulfillment activity and are included in cost of revenues. Accordingly, amounts billed to customers for such costs are included as a component of revenues. Payments received in advance to the transfer of goods, or "contract liabilities", are included in "Deferred liabilities - current" on the Company's balance sheets. These customer prepayments totaled $1,347,409 and $1,728,407 as of December 31, 2021 and 2020, respectively. All of the $1,728,407 balance as of December 31, 2020 was recognized as revenue during the year ended December 31, 2021. All of the $313,347 balance as of December 31, 2019 was recognized as revenue during the year ended December 31, 2020. The following table presents a disaggregation of revenue from contracts with customers for the years ended December initiated 31, 2021, 2020, and 2019, by product type: 2021 2020 2019 Soybean meal and hulls $ 335,175,830 $ 268,163,989 $ 244,012,663 Soybean oil and oil byproducts 254,974,323 146,861,776 127,263,103 Totals $ 590,150,153 $ 415,025,765 $ 371,275,766 Freight The Company presents all amounts billed to the customer for freight as a component of net revenue. Costs incurred for freight are reported as a component of cost of revenue. Advertising costs Advertising and promotion costs are expensed as incurred. The Company incurred $66,000, $65,000, and $76,000, of advertising costs in the years ended December 31, 2021, 2020, and 2019, respectively. Environmental remediation It is management’s opinion that the amount of any potential environmental remediation costs will not be material to the Company’s financial condition, results of operations, or cash flows; therefore, no accrual has been recorded. Accounting for derivative instruments and hedging activities All of the Company’s derivatives are designated as non-hedge derivatives. The futures and options contracts, as well as the interest rate swaps, caps and floors, used by the Company are discussed below. Although the contracts may be effective economic hedges of specified risks, they are not designated as, nor accounted for, as hedging instruments. The Company, as part of its trading activity, uses futures and option contracts offered through regulated commodity exchanges to reduce risk. The Company is exposed to risk of loss in the market value of inventories. To reduce that risk, the Company generally takes opposite and offsetting positions using futures contracts or options. Unrealized gains and losses on futures and options contracts used to hedge soybean, oil and meal inventories, as well as foreign exchange rates, are recognized as a component of net proceeds for financial reporting. The Company uses interest rate swaps, caps and floors offered through regulated commodity exchanges. The Company is exposed to risk of loss resulting from potential increases in interest rates on their variable rate debt. To reduce that risk, the Company has purchased interest rate swaps, caps and floors. Unrealized gains and losses on interest rate swaps, caps and floors are reflected in current earnings immediately. Earnings per capital unit Earnings per capital unit are calculated based on the weighted average number of capital units outstanding. The Company has no other capital units or other member equity instruments that are dilutive for purposes of calculating earnings per capital unit. Income taxes As a limited liability company, the Company’s taxable income or loss is allocated to members in accordance with their respective percentage ownership. Therefore, no provision or liability for income taxes has been included in the financial statements. The Company has evaluated the provisions of FASB ASC 740-10 for uncertain tax positions. As of December 31, 2021 and 2020, the unrecognized tax benefit accrual was zero. The Company will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. As of December 31, 2021, the book value of the Company’s net assets exceeds the tax basis of those assets by approximately $25.5 million. The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. We are no longer subject to income tax examinations by U.S. federal and state tax authorities for years prior to 2018. We currently have no tax years under examination. Recent accounting pronouncements Any recent accounting pronouncements are not expected to have a material impact on our financial statements.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Accounts Receivables	Accounts Receivable Accounts receivable are considered past due when payments are not received on a timely basis in accordance with the Company’s credit terms, which is generally 30 days from invoice date. Accounts considered uncollectible are written off. The Company’s estimate of the allowance for doubtful accounts is based on historical experience, its evaluation of the current status of receivables, and unusual circumstances, if any. The following table presents the aging analysis of trade receivables as of December 31, 2021 and 2020: 2021 2020 Past due: Less than 30 days past due $ 11,431,358 $ 4,827,150 30-59 days past due 693,286 85,177 60-89 days past due 56,831 11,366 Greater than 90 days past due 144,572 43,524 Total past due 12,326,047 4,967,217 Current 24,244,954 24,023,438 Totals $ 36,571,001 $ 28,990,655 The following table provides information regarding the Company’s allowance for doubtful accounts receivable as of December 31, 2021, 2020, and 2019: 2021 2020 2019 Balances, beginning of year $ — $ — $ — Amounts charged (credited) to costs and expenses 258,747 — — Additions (deductions) (258,747) — — Balances, end of year $ — $ — $ — In general cash received is applied to the oldest outstanding invoice first, unless payment is for a specified invoice. The Company, on a case by case basis, may charge a late fee of 1.5% per month on past due receivables. The Company's accounts receivable as of January 1, 2020 was $24,418,443.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories The Company’s inventories consist of the following as of December 31: 2021 2020 Finished goods $ 60,233,567 $ 35,502,780 Raw materials 34,501,561 33,824,265 Supplies & miscellaneous 331,257 266,428 Totals $ 95,066,385 $ 69,593,473 Finished goods and raw materials are valued at estimated market value, which approximates net realizable value. Supplies and other inventories are stated at lower of cost or net realizable value.

Margin Deposits

Margin Deposits	12 Months Ended
	Dec. 31, 2021
Margin Deposits [Abstract]
Margin Deposits	Margin DepositsThe Company has margin deposits with a commodity brokerage firm used to acquire futures and option contracts to manage the price volatility risk of soybeans, crude soybean oil and soybean meal. Consistent with its inventory accounting policy, these contracts are recorded at market value. At December 31, 2021, the Company’s futures contracts all mature within 12 months.

Investments in Related Parties

Investments in Related Parties	12 Months Ended
	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investments in Related Parties	Investments in Related Parties The Company's investment in related parties consists of the following at December 31: 2021 2020 Prairie AquaTech, LLC $ 1,553,727 $ 1,553,727 Prairie AquaTech Investments, LLC 5,000,000 5,000,000 Prairie AquaTech Manufacturing, LLC 4,210,583 2,774,163 Totals $ 10,764,310 $ 9,327,890 The Company accounts for the investments in Prairie AquaTech, LLC, Prairie AquaTech Investments, LLC and Prairie AquaTech Manufacturing, LLC using the fair value method in ASU No. 2016-01 . The Company has elected to utilize the measurement alternative for equity investments that do not have readily determinable fair values and measure these investments at their cost less any impairment plus or minus any observable price changes in orderly transactions. Prior to October 2019, the Company accounted for the investment in Prairie AquaTech, LLC using the equity method due to the Company's ability to exercise significant influence based on its board position. The Company recognized losses of $0, $0, and $135,588 in 2021, 2020, and 2019, respectively, which is included in other non-operating income (expense). In October 2019, the Company ceased the accounting for its investment in Prairie AquaTech, LLC under the equity method, and began accounting for the investment at fair value as a result of its decreased ability to exercise significant influence due to an increased quantity of board positions. The Company invested in Prairie AquaTech Manufacturing, LLC $0 and $404,329 in cash and an additional $1,436,420 and $1,049,834 of soybean meal in 2021 and 2020, respectively, to be used in the entity's operations.

Investments in Cooperatives

Investments in Cooperatives	12 Months Ended
	Dec. 31, 2021
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in Cooperatives	Investments in Cooperatives The Company’s investments in cooperatives consist of the following at December 31: 2021 2020 CoBank $ 1,559,800 $ 1,539,293

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following is a summary of property and equipment at December 31: 2021 2020 Cost Accumulated Net Net Land $ 516,326 $ — $ 516,326 $ 516,326 Land improvements 2,538,645 (910,442) 1,628,203 1,647,052 Buildings and improvements 25,988,837 (10,627,414) 15,361,423 12,391,726 Machinery and equipment 91,160,339 (48,422,556) 42,737,783 41,674,080 Railroad cars 5,852,292 (265,055) 5,587,237 5,704,283 Company vehicles 151,682 (108,763) 42,919 59,613 Furniture and fixtures 1,387,880 (1,052,215) 335,665 408,288 Construction in progress 6,323,052 — 6,323,052 1,829,826 Totals $ 133,919,053 $ (61,386,445) $ 72,532,608 $ 64,231,194

Notes Payable - Seasonal Loan

Notes Payable - Seasonal Loan	12 Months Ended
	Dec. 31, 2021
Notes Payable Seasonal Loan [Abstract]
Notes Payable - Seasonal Loan	Notes Payable - Seasonal LoanThe Company has entered into a revolving credit agreement with CoBank which expires December 1, 2022. The purpose of the credit agreement is to finance the operating needs of the Company. Under this agreement, the Company could borrow up to $70 million, and advances on the revolving credit agreement are secured. Interest accrues at a variable rate (2.31% at December 31, 2021). The Company pays a 0.20% annual commitment fee on any funds not borrowed. There were no advances outstanding at December 31, 2021 and 2020. The remaining available funds to borrow under the terms of the revolving credit agreement were $70.0 million as of December 31, 2021.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt The following is a summary of the Company's long-term debt at December 31, 2021 and 2020: 2021 2020 Revolving term loan from CoBank, interest at variable rates (2.56% and 2.60% at December 31, 2021 and 2020, respectively), secured by substantially all property and equipment. Loan matures March 20, 2026. $ 16,902,473 $ 17,503,291 Note payable to U.S. Small Business Administration, due in monthly principal and interest installments, interest rate at 1.00%, unsecured. Note matures July 20, 2022. — 10,000 Total debt before current maturities and debt issuance costs 16,902,473 17,513,291 Less current maturities (2,902,473) — Less debt issuance costs, net of amortization of $15,458 and $10,577 as of December 31, 2020 and 2019, respectively (8,542) (13,423) Totals $ 13,991,458 $ 17,499,868 The Company entered into an agreement as of December 14, 2021 with CoBank to amend and restate its Credit Agreement, which includes both the revolving term and seasonal loans. Under the terms and conditions of the Credit Agreement, CoBank agreed to make advances to the Company for up to $18,000,000 on the revolving term loan with a variable effective interest rate of 2.56%. The amount available for borrowing on the revolving term loan, will decrease by $2,000,000 every six months starting March 20, 2022 until the loan's maturity date of March 20, 2026. The Company pays a 0.40% annual commitment fee on any funds not borrowed. The debt issuance costs of $24,000 paid by the Company will be amortized over the term of the loan. The principal balance outstanding on the revolving term loan was $16.9 million and $17,503,291 as of December 31, 2021 and 2020, respectively. There were approximately $1.1 million in remaining commitments available to borrow on the revolving term loan as of December 31, 2021. Under this agreement, the Company is subject to compliance with standard financial covenants and the maintenance of certain financial ratios. The Company was in compliance with all covenants and conditions with CoBank as of December 31, 2021. Effective March 1, 2013, the State of South Dakota Department of Transportation agreed to loan the Brookings County Regional Railway Authority $964,070 for purposes of making improvements to the railway infrastructure near the Company's soybean processing facility near Volga, South Dakota. In consideration of this secured loan, the Company agreed to provide a guarantee to the State of South Dakota Department of Transportation for the full amount of the loan, plus interest. This guarantee was converted into a direct obligation of the Company's on October 16, 2013, when the Company received the entire loan proceeds and assumed responsibility for paying the annual principal and interest payments. On June 1, 2020, the loan was re-paid in full. On April 20, 2020, the Company entered into an unsecured promissory note for $1,215,700 under the U.S. Small Business Administration's Paycheck Protection Program ("PPP Loan"), a loan program created under the Coronavirus Aid, Relief and Economic Security (the "CARES Act"). The PPP Loan is being made through First Bank & Trust, N.A. The PPP Loan was scheduled to mature on July 20, 2022 and had a 1% interest rate. The Company submitted to the SBA a loan forgiveness application on November 20, 2020, with the amount which may be forgiven equal to the sum of qualifying expenses such as payroll costs, rent obligations, and covered utility payments. The forgiveness application was approved by the SBA for $1,205,700 on November 25, 2020 and $10,000 on February 19, 2021. The following are minimum principal payments on long-term debt obligations for the years ended December 31: 2022 $ 2,902,473 2023 4,000,000 2024 4,000,000 2025 4,000,000 2026 2,000,000 Total $ 16,902,473

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Operating Leases	Operating Leases The Company has several operating leases for railcars. These leases have terms ranging from 3-18 years and most do not have renewal terms provided. The leases require the Company to maintain the condition of the railcars, restrict the use of the railcars to specified products, such as soybean meal, hulls or oil, limit usage to the continental United States, Canada or Mexico, require approval to sublease to other entities, and require the Company's submission of its financial statements. Lease expense for all railcars was $3,026,270, $3,099,585, and $3,086,823 for the years ended December 31, 2021, 2020, and 2019, respectively. The following is a schedule of the Company's operating leases for railcars as of December 31, 2021: Lessor Quantity of Commencement Maturity Monthly American Railcar Leasing 13 6/1/2021 5/31/2024 $ 7,150 Andersons Railcar Leasing Co. 10 7/1/2018 6/30/2023 5,000 Andersons Railcar Leasing Co. 20 7/1/2019 6/30/2026 11,300 Andersons Railcar Leasing Co. 15 11/1/2021 10/31/2026 8,250 Farm Credit Leasing 87 9/1/2020 8/31/2032 34,929 Farm Credit Leasing 8 6/1/2021 5/31/2033 5,966 Farm Credit Leasing 9 10/1/2021 9/30/2033 4,624 GATX Corporation 14 7/1/2020 6/30/2024 4,200 Trinity Capital 29 11/1/2020 10/31/2023 17,255 Trinity Capital 20 11/1/2020 10/31/2023 11,900 Trinity Capital 24 2/1/2021 1/31/2026 10,440 Trinity Capital 2 6/1/2021 5/31/2026 980 Wells Fargo Rail 112 8/1/2017 7/31/2022 52,557 Wells Fargo Rail 107 1/1/2018 12/31/2022 35,845 Wells Fargo Rail 7 5/1/2004 4/30/2022 2,926 Wells Fargo Rail 15 5/1/2004 4/30/2022 5,850 Totals 492 $ 219,172 The Company also has a number of other operating leases for machinery and equipment. These leases have terms ranging from 3-7 years; however, most of these leases have automatic renewal terms. These leases require monthly payments of $3,779. Rental expense under these other operating leases was $38,606, $41,079, and $56,322, for the years ended December 31, 2021, 2020, and 2019, respectively. On March 19, 2020, the Company entered into an agreement with an entity in the western United States to provide storage and handling services for the Company's soybean meal. The Company paid the entity $3,300,000, which is included in current operating lease liabilities on the Company's balance sheet, after the entity's construction of additional storage and handling facilities. The agreement began May 1, 2021 and will mature on April 30, 2027 but includes an additional seven-year renewal period at the sole discretion of the Company. Rental expense under this agreement was $157,143, $0, and $0, for the years ended December 31, 2021, 2020, and 2019, respectively. Operating leases are included in right-to-use lease assets, current operating lease liabilities, and long-term lease liabilities on the Company's balance sheets. These assets and liabilities are recognized at the commencement date based on the present value of remaining lease payments over the lease term using the Company's secured incremental borrowing rates or implicit rates, when readily determinable. Short-term operating leases, which have an initial term of 12 months or less, are not recorded on the balance sheet. Lease expense for these operating leases is recognized on a straight-line basis over the lease terms. The components of lease costs recognized within our statements of operations for the years ended December 31, 2021, 2020, and 2019 were as follows: 2021 2020 2019 Cost of revenues - Freight and rail $ 3,026,270 $ 3,099,585 $ 3,086,823 Cost of revenues - Production 29,072 30,611 43,783 Administration expenses 9,534 10,468 12,539 Total operating lease costs $ 3,064,876 $ 3,140,664 $ 3,143,145 The following summarizes the supplemental cash flow information for the years ended December 31, 2021, 2020, and 2019: 2021 2020 2019 Cash paid for amounts included in measurement of lease liabilities $ 6,263,277 $ 3,007,066 $ 2,951,574 Supplemental non-cash information: Right-of-use assets obtained in exchange for lease liabilities $ 2,577,558 $ 8,823,499 $ 809,916 The following summarizes the weighted-average remaining lease term and weighted-average discount rate: December 31, 2021 Weighted-average remaining lease term - operating leases (in years) 8.1 Weighted-average discount rate - operating leases 2.99 % The following is a maturity analysis of the undiscounted cash flows of the operating lease liabilities as of December 31, 2021: Railcars Other Total Year ended December 31: 2022 $ 2,297,068 $ 278,062 $ 2,575,130 2023 1,375,614 270,101 1,645,715 2024 978,814 258,283 1,237,097 2025 917,864 237,778 1,155,642 2026 711,864 236,402 948,266 Thereafter 3,209,072 1,964,286 5,173,358 Total lease payments 9,490,296 3,244,912 12,735,208 Less amount of lease payments representing interest (1,496,428) (6,222) (1,502,650) Total present value of lease payments $ 7,993,868 $ 3,238,690 $ 11,232,558

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company maintains a Section 401(k) plan for employees who meet the eligibility requirements set forth in the plan documents. The Company matches a percentage of an employee's contributed earnings. The amounts charged to expense under this plan were approximately $249,000, $214,000, and $186,000 for the years ended December 31, 2021, 2020, and 2019, respectively. The Company's Board of Managers approved payment of a profit-based incentive bonus to be awarded to eligible employees following the close of each fiscal year. The Board has allocated approximately 4.7% of profits over $2 million to fund this benefit. Individual amounts are based upon criteria determined by a formula that considers current pay, level of responsibility, and impact on profits of each position. The amounts charged to expense under this incentive were approximately $1,289,000, $673,000, and $442,000 for the years ended December 31, 2021, 2020, and 2019, respectively.

Cash Flow Information

Cash Flow Information	12 Months Ended
	Dec. 31, 2021
Cash Flow Information [Abstract]
Cash Flow Information	Cash Flow Information The following is a schedule of changes in assets and liabilities used to determine cash from operating activities: 2021 2020 2019 Changes in operating assets and liabilities: Trade accounts receivable $ (7,580,346) $ (4,572,212) $ (3,896,533) Inventories (26,909,332) (20,562,734) (14,338,269) Commodity derivative instruments (7,854,325) (1,358,041) 2,608,222 Margin account deposit 3,918,375 754,159 (4,421,308) Prepaid expenses (3,741,574) (208,880) (392,579) Accounts payable 425,132 (3,398,184) 2,579,559 Accrued commodity purchases 15,929,390 13,616,371 (4,037,857) Accrued expenses and interest 1,248,720 496,788 (881,469) Deferred liabilities (380,998) 1,279,949 (343,926) Totals $ (24,944,958) $ (13,952,784) $ (23,124,160)

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities In the ordinary course of business, the Company enters into contractual arrangements as a means of managing exposure to changes in commodity prices and, occasionally, foreign exchange and interest rates. The Company’s derivative instruments primarily consist of commodity futures, options and forward contracts, and interest rate swaps, caps and floors. Although these contracts may be effective economic hedges of specified risks, they are not designated as, nor accounted for, as hedging instruments. These contracts are recorded on the Company’s balance sheets at fair value as discussed in Note 14, Fair Value. As of December 31, 2021 and 2020, the value of the Company’s open futures, options and forward contracts was approximately $(15,711,099) and $(13,523,064), respectively. December 31, 2021 Balance Sheet Asset Liability Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 11,584,595 $ 27,141,888 Foreign exchange contracts Current Assets/Liabilities 58,673 68,683 Interest rate caps and floors Current Assets/Liabilities 290,491 434,287 Totals $ 11,933,759 $ 27,644,858 December 31, 2020 Balance Sheet Asset Liability Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 28,365,908 $ 41,196,628 Foreign exchange contracts Current Assets/Liabilities 50,979 48,539 Interest rate caps and floors Current Assets/Liabilities 793 695,577 Totals $ 28,417,680 $ 41,940,744 During the years ended December 31, 2021, 2020, and 2019, net realized and unrealized gains (losses) on derivative transactions were recognized in the statements of operations as follows: Net Gain (Loss) Recognized on Derivative 2021 2020 2019 Derivatives not designated as hedging instruments: Commodity contracts $ (10,308,738) $ (8,552,207) $ (4,057,389) Foreign exchange contracts 20,409 (34,437) 54,966 Interest rate swaps, caps and floors 245,969 (338,533) (148,053) Totals $ (10,042,360) $ (8,925,177) $ (4,150,476) The Company recorded gains (losses) of $(10,042,360), $(8,925,177), and $(4,150,476) in cost of goods sold related to its commodity derivative instruments for the years ended December 31, 2021, 2020, and 2019, respectively.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value ASC 820, Fair Value Measurements and Disclosures, defines fair value, establishes a comprehensive framework for measuring fair value and expands disclosures which are required about fair value measurements. Specifically, this guidance establishes a hierarchy prioritizing the inputs to valuation techniques, giving the highest priority to quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable value inputs. The three levels of hierarchy and examples are as follows: • Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York Stock Exchange and commodity derivative contracts listed on the Chicago Board of Trade (“CBOT”). • Level 2 – Pricing inputs are other than quoted prices in active markets, but are either directly or indirectly observable as of the reported date. The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts, or priced with models using highly observable inputs, such as commodity prices using forward future prices. • Level 3 – Significant inputs to pricing that are unobservable as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as complex and subjective models and forecasts used to determine the fair value of financial transmission rights. The following tables set forth financial assets and liabilities measured at fair value in the balance sheets and the respective levels to which fair value measurements are classified within the fair value hierarchy as of December 31, 2021 and 2020: Fair Value as of December 31, 2021 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 94,508,520 $ — $ 94,508,520 Commodity derivative instruments $ (15,711,099) $ — $ — $ (15,711,099) Margin deposits $ 2,099,626 $ — $ — $ 2,099,626 Fair Value as of December 31, 2020 Level 1 Level 2 Level 3 Total Financial Assets: Inventory $ — $ 69,127,700 $ — $ 69,127,700 Commodity derivative instruments $ (13,523,064) $ — $ — $ (13,523,064) Margin deposits $ 6,018,001 $ — $ — $ 6,018,001 The Company enters into various commodity derivative instruments, including futures, options, swaps and other agreements. The fair value of the Company’s commodity derivatives is determined using unadjusted quoted prices for identical instruments on the CBOT. The Company estimates the fair market value of their finished goods and raw materials inventories using the market price quotations of similar forward future contracts listed on the CBOT and adjusts for the local market adjustments derived from other grain terminals in the area. The Company considers the carrying amount of significant classes of financial instruments on the balance sheets, including cash, accounts receivable, and accounts payable, to be reasonable estimates of fair value due to their length or maturity. The fair value of the Company’s long-term debt approximates the carrying value. The interest rates on the long-term debt are similar to rates the Company would be able to obtain currently in the market. The Company has patronage investments in other cooperatives and common and preferred stock holdings in privately held entities. There is no market for their patronage credits or the entity’s common and preferred holdings, and it is impracticable to estimate the fair value of the Company’s investments. These investments are carried on the balance sheet at original cost plus the amount of patronage earnings allocated to the Company, less any cash distributions received.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company sold soybean products to Prairie AquaTech, LLC and Prairie AquaTech Manufacturing, LLC totaling $7,333,479, $1,550,772, and $1,582,064 during the years ended December 31, 2021, 2020, and 2019, respectively. As of December 31, 2021 and 2020, Prairie AquaTech, LLC and Prairie AquaTech Manufacturing, LLC owed the Company $776,767 and $339,967, respectively. The Company has entered into agreements with Prairie AquaTech Manufacturing, LLC to perform various management services and to serve as the owner's representative during the construction of its new manufacturing facility adjacent to the Company's plant in Volga, South Dakota. The Company received a total of $1.72 million in compensation for those services, which was recorded in deferred liabilities on the Company's balance sheet. The Company recognized revenues from management services of $0, $121,111, and $758,931 during the years ended December 31, 2021, 2020 and 2019, respectively.

Business Credit Risk and Concen

Business Credit Risk and Concentrations	12 Months Ended
	Dec. 31, 2021
Risks and Uncertainties [Abstract]
Business Credit Risk and Concentration	Business Credit Risk and Concentrations The Company also grants credit to customers throughout the United States and Canada. The Company evaluates each customer’s credit worthiness on a case-by-case basis. Accounts receivable are generally unsecured. These receivables were $36,568,741 and $28,990,181 at December 31, 2021 and 2020, respectively. Soybean meal sales accounted for approximately 55%, 62%, and 63% of total revenues for the years ended December 31, 2021, 2020, and 2019, respectively. Soybean oil sales represented approximately 41%, 34%, and 33% of total revenues for the years ended December 31, 2021, 2020, and 2019, respectively. Net revenue by geographic area for the years ended December 31, 2021, 2020, and 2019 are as follows: 2021 2020 2019 United States $ 474,313,245 $ 343,415,949 $ 296,767,276 Canada 115,836,908 71,609,816 74,508,490 Totals $ 590,150,153 $ 415,025,765 $ 371,275,766

Members' Equity

Members' Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Members' Equity	Members' Equity A minimum of 2,500 capital units is required for an ownership interest in the Company. Such units are subject to certain transfer restrictions. The Company retains the right to redeem the units at the greater of $0.20 per unit or the original purchase price less cumulative distributions through the date of redemption in the event a member attempts to dispose of the units in a manner not in conformity with the Operating Agreement, if a member becomes a holder of less than 2,500 units, or if a member becomes an owner (directly or indirectly) of more than 10% of the issued and outstanding capital units. Earnings, losses and cash distributions are allocated to members based on their percentage of ownership in the Company. On February 2, 2021, the Company's Board of Managers approved a cash distribution of approximately $9.4 million, or 31.0 cents per capital unit. The distribution was paid in accordance with the Company's operating agreement and distribution policy on February 4, 2021.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	ContingenciesFrom time to time in the ordinary course of our business, we may be named as a defendant in legal proceedings related to various issues, including without limitation, workers’ compensation claims, tort claims, or contractual disputes. We carry insurance that provides protection against general commercial liability claims, claims against our directors, officers and employees, business interruption, automobile liability, and workers’ compensation claims. We are not currently involved in any material legal proceedings and are not aware of any potential claims.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Except for the events listed below, we evaluated all of our activity and concluded that no subsequent events have occurred that would require recognition in our financial statements or disclosed in the notes to our financial statements. On February 1, 2022, the Company’s Board of Managers declared a cash distribution to its members of approximately $17.3 million. The distribution was issued and paid to members on February 4, 2022 in accordance with the Company's operating agreement and distribution policy. On February 9, 2022, the Company announced its plans to construct a multi-seed processing plant near Mitchell, South Dakota. Operation of the facility is expected to begin in 2025.

Principal Activity and Signif_2

Principal Activity and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and Cash Equivalents, Policy	Cash and cash equivalents The Company considers all highly liquid investment instruments with original maturities of three months or less at the time of acquisition to be cash equivalents.
Trade and Other Accounts Receivable, Policy	Accounts receivable are considered past due when payments are not received on a timely basis in accordance with the Company’s credit terms, which is generally 30 days from invoice date. Accounts considered uncollectible are written off. The Company’s estimate of the allowance for doubtful accounts is based on historical experience, its evaluation of the current status of receivables, and unusual circumstances, if any.
Inventory, Policy	Inventories Finished goods (soybean meal, oil, refined oil, and hulls) and raw materials (soybeans) are valued at estimated market value, which approximates net realizable value. This accounting policy is in accordance with the guidelines described in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 905, Agriculture (formerly AICPA Statement of Position No. 85-3, Accounting by Agricultural Producers and Agricultural Cooperatives). Supplies and other inventories are stated at lower of cost or net realizable value.
Cost Method Investments, Policy	Investments The Company accounts for its equity investments in Prairie AquaTech, LLC, Prairie AquaTech Manufacturing, LLC, and Prairie AquaTech Investments, LLC using Accounting Standards Update (ASU) No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities . All equity securities that do not result in consolidation and are not accounted for under the equity method are measured at fair value with changes therein reflected in net income. We have elected to utilize the measurement alternative for equity investments that do not have readily determinable fair values and measure these investments at cost less any impairment plus or minus observable price changes in orderly transactions. Prior to October 1, 2019, the Company accounted for its investment in Prairie AquaTech, LLC using the equity method due to the Company's ability to influence management decisions of Prairie AquaTech, LLC, due to its Board position on the Entity's Board of Managers. While the Company still holds its position on that entity's Board of Managers, the Company's ability to influence management decisions has been reduced due to additional quantity of board seats outstanding. Therefore, the Company ceased its accounting for its investment in Prairie AquaTech, LLC under the equity method, and began accounting for the investment using ASU No. 2016-01. Investments in cooperatives are recorded in a manner similar to equity investments without readily determinable fair values, cost plus the amount of patronage earnings allocated to the Company, less any cash distributions received. Property and equipment
Property, Plant and Equipment, Policy	Property and equipment Property and equipment is stated at cost. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are charged to expense when incurred. When depreciable properties are sold or retired, the cost and accumulated depreciation are eliminated from the accounts and the resultant gain or loss is reflected in income. Depreciation is provided for over the estimated useful lives of the individual assets using the straight-line method. The range of the estimated useful lives used in the computation of depreciation is as follows: Building and improvements 10-39 years Equipment and furnishings 3-15 years Railcars 50 years
Deferred Revenue, Policy	Deferred revenue The Company recognizes revenues as earned. Amounts received in advance of the period in which service is rendered are recorded as a liability under “Deferred liabilities”. The Company's deferred revenues as of January 1, 2020 was $101,111.
Use of Estimates, Policy	Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition, Policy	Revenue The Company accounts for all of its revenues from contracts with customers under ASC 606, Revenue from Contracts with Customers. The Company principally generates revenue from merchandising and transporting manufactured agricultural products used as ingredients in food, feed, energy and industrial products. Revenue is measured based on the consideration specified in the contract with a customer, and excludes any amounts collected on behalf of third parties (e.g. - taxes). The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance obligation by transferring control over a product to a customer. Control transfer typically occurs when goods are shipped from our facilities or at other predetermined control transfer points (for instance, destination terms). Shipping and handling costs related to contracts with customers for sale of goods are accounted for as a fulfillment activity and are included in cost of revenues. Accordingly, amounts billed to customers for such costs are included as a component of revenues. Payments received in advance to the transfer of goods, or "contract liabilities", are included in "Deferred liabilities - current" on the Company's balance sheets. These customer prepayments totaled $1,347,409 and $1,728,407 as of December 31, 2021 and 2020, respectively. All of the $1,728,407 balance as of December 31, 2020 was recognized as revenue during the year ended December 31, 2021. All of the $313,347 balance as of December 31, 2019 was recognized as revenue during the year ended December 31, 2020. The following table presents a disaggregation of revenue from contracts with customers for the years ended December initiated 31, 2021, 2020, and 2019, by product type: 2021 2020 2019 Soybean meal and hulls $ 335,175,830 $ 268,163,989 $ 244,012,663 Soybean oil and oil byproducts 254,974,323 146,861,776 127,263,103 Totals $ 590,150,153 $ 415,025,765 $ 371,275,766 Freight The Company presents all amounts billed to the customer for freight as a component of net revenue. Costs incurred for freight are reported as a component of cost of revenue.
Advertising Costs, Policy	Advertising costs Advertising and promotion costs are expensed as incurred. The Company incurred $66,000, $65,000, and $76,000, of advertising costs in the years ended December 31, 2021, 2020, and 2019, respectively.
Regulatory Environmental Costs, Policy	Environmental remediation It is management’s opinion that the amount of any potential environmental remediation costs will not be material to the Company’s financial condition, results of operations, or cash flows; therefore, no accrual has been recorded.
Derivatives, Methods of Accounting, Hedging Derivatives	Accounting for derivative instruments and hedging activities All of the Company’s derivatives are designated as non-hedge derivatives. The futures and options contracts, as well as the interest rate swaps, caps and floors, used by the Company are discussed below. Although the contracts may be effective economic hedges of specified risks, they are not designated as, nor accounted for, as hedging instruments. The Company, as part of its trading activity, uses futures and option contracts offered through regulated commodity exchanges to reduce risk. The Company is exposed to risk of loss in the market value of inventories. To reduce that risk, the Company generally takes opposite and offsetting positions using futures contracts or options. Unrealized gains and losses on futures and options contracts used to hedge soybean, oil and meal inventories, as well as foreign exchange rates, are recognized as a component of net proceeds for financial reporting. The Company uses interest rate swaps, caps and floors offered through regulated commodity exchanges. The Company is exposed to risk of loss resulting from potential increases in interest rates on their variable rate debt. To reduce that risk, the Company has purchased interest rate swaps, caps and floors. Unrealized gains and losses on interest rate swaps, caps and floors are reflected in current earnings immediately.
Earnings Per Share, Policy	Earnings per capital unit Earnings per capital unit are calculated based on the weighted average number of capital units outstanding. The Company has no other capital units or other member equity instruments that are dilutive for purposes of calculating earnings per capital unit.
Income Tax, Policy	Income taxes As a limited liability company, the Company’s taxable income or loss is allocated to members in accordance with their respective percentage ownership. Therefore, no provision or liability for income taxes has been included in the financial statements. The Company has evaluated the provisions of FASB ASC 740-10 for uncertain tax positions. As of December 31, 2021 and 2020, the unrecognized tax benefit accrual was zero. The Company will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. As of December 31, 2021, the book value of the Company’s net assets exceeds the tax basis of those assets by approximately $25.5 million. The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. We are no longer subject to income tax examinations by U.S. federal and state tax authorities for years prior to 2018. We currently have no tax years under examination.
New Accounting Pronouncements, Policy	Recent accounting pronouncements Any recent accounting pronouncements are not expected to have a material impact on our financial statements.

Principal Activity and Signif_3

Principal Activity and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Disaggregation of Revenue	The following table presents a disaggregation of revenue from contracts with customers for the years ended December initiated 31, 2021, 2020, and 2019, by product type: 2021 2020 2019 Soybean meal and hulls $ 335,175,830 $ 268,163,989 $ 244,012,663 Soybean oil and oil byproducts 254,974,323 146,861,776 127,263,103 Totals $ 590,150,153 $ 415,025,765 $ 371,275,766

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Past Due Financing Receivables	The following table presents the aging analysis of trade receivables as of December 31, 2021 and 2020: 2021 2020 Past due: Less than 30 days past due $ 11,431,358 $ 4,827,150 30-59 days past due 693,286 85,177 60-89 days past due 56,831 11,366 Greater than 90 days past due 144,572 43,524 Total past due 12,326,047 4,967,217 Current 24,244,954 24,023,438 Totals $ 36,571,001 $ 28,990,655
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table provides information regarding the Company’s allowance for doubtful accounts receivable as of December 31, 2021, 2020, and 2019: 2021 2020 2019 Balances, beginning of year $ — $ — $ — Amounts charged (credited) to costs and expenses 258,747 — — Additions (deductions) (258,747) — — Balances, end of year $ — $ — $ —

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	The Company’s inventories consist of the following as of December 31: 2021 2020 Finished goods $ 60,233,567 $ 35,502,780 Raw materials 34,501,561 33,824,265 Supplies & miscellaneous 331,257 266,428 Totals $ 95,066,385 $ 69,593,473

Investments in Related Parties

Investments in Related Parties (Tables)	12 Months Ended
	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	The Company's investment in related parties consists of the following at December 31: 2021 2020 Prairie AquaTech, LLC $ 1,553,727 $ 1,553,727 Prairie AquaTech Investments, LLC 5,000,000 5,000,000 Prairie AquaTech Manufacturing, LLC 4,210,583 2,774,163 Totals $ 10,764,310 $ 9,327,890

Investments in Cooperatives (Ta

Investments in Cooperatives (Tables)	12 Months Ended
	Dec. 31, 2021
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Schedule Of Investment In Co Operatives	The Company’s investments in cooperatives consist of the following at December 31: 2021 2020 CoBank $ 1,559,800 $ 1,539,293

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The following is a summary of property and equipment at December 31: 2021 2020 Cost Accumulated Net Net Land $ 516,326 $ — $ 516,326 $ 516,326 Land improvements 2,538,645 (910,442) 1,628,203 1,647,052 Buildings and improvements 25,988,837 (10,627,414) 15,361,423 12,391,726 Machinery and equipment 91,160,339 (48,422,556) 42,737,783 41,674,080 Railroad cars 5,852,292 (265,055) 5,587,237 5,704,283 Company vehicles 151,682 (108,763) 42,919 59,613 Furniture and fixtures 1,387,880 (1,052,215) 335,665 408,288 Construction in progress 6,323,052 — 6,323,052 1,829,826 Totals $ 133,919,053 $ (61,386,445) $ 72,532,608 $ 64,231,194

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Debt	2021 2020 Revolving term loan from CoBank, interest at variable rates (2.56% and 2.60% at December 31, 2021 and 2020, respectively), secured by substantially all property and equipment. Loan matures March 20, 2026. $ 16,902,473 $ 17,503,291 Note payable to U.S. Small Business Administration, due in monthly principal and interest installments, interest rate at 1.00%, unsecured. Note matures July 20, 2022. — 10,000 Total debt before current maturities and debt issuance costs 16,902,473 17,513,291 Less current maturities (2,902,473) — Less debt issuance costs, net of amortization of $15,458 and $10,577 as of December 31, 2020 and 2019, respectively (8,542) (13,423) Totals $ 13,991,458 $ 17,499,868
Schedule of Maturities of Long-term Debt	The following are minimum principal payments on long-term debt obligations for the years ended December 31: 2022 $ 2,902,473 2023 4,000,000 2024 4,000,000 2025 4,000,000 2026 2,000,000 Total $ 16,902,473

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Schedule of Operating Leases	The following is a schedule of the Company's operating leases for railcars as of December 31, 2021: Lessor Quantity of Commencement Maturity Monthly American Railcar Leasing 13 6/1/2021 5/31/2024 $ 7,150 Andersons Railcar Leasing Co. 10 7/1/2018 6/30/2023 5,000 Andersons Railcar Leasing Co. 20 7/1/2019 6/30/2026 11,300 Andersons Railcar Leasing Co. 15 11/1/2021 10/31/2026 8,250 Farm Credit Leasing 87 9/1/2020 8/31/2032 34,929 Farm Credit Leasing 8 6/1/2021 5/31/2033 5,966 Farm Credit Leasing 9 10/1/2021 9/30/2033 4,624 GATX Corporation 14 7/1/2020 6/30/2024 4,200 Trinity Capital 29 11/1/2020 10/31/2023 17,255 Trinity Capital 20 11/1/2020 10/31/2023 11,900 Trinity Capital 24 2/1/2021 1/31/2026 10,440 Trinity Capital 2 6/1/2021 5/31/2026 980 Wells Fargo Rail 112 8/1/2017 7/31/2022 52,557 Wells Fargo Rail 107 1/1/2018 12/31/2022 35,845 Wells Fargo Rail 7 5/1/2004 4/30/2022 2,926 Wells Fargo Rail 15 5/1/2004 4/30/2022 5,850 Totals 492 $ 219,172
Lease, Cost	The components of lease costs recognized within our statements of operations for the years ended December 31, 2021, 2020, and 2019 were as follows: 2021 2020 2019 Cost of revenues - Freight and rail $ 3,026,270 $ 3,099,585 $ 3,086,823 Cost of revenues - Production 29,072 30,611 43,783 Administration expenses 9,534 10,468 12,539 Total operating lease costs $ 3,064,876 $ 3,140,664 $ 3,143,145 The following summarizes the supplemental cash flow information for the years ended December 31, 2021, 2020, and 2019: 2021 2020 2019 Cash paid for amounts included in measurement of lease liabilities $ 6,263,277 $ 3,007,066 $ 2,951,574 Supplemental non-cash information: Right-of-use assets obtained in exchange for lease liabilities $ 2,577,558 $ 8,823,499 $ 809,916 The following summarizes the weighted-average remaining lease term and weighted-average discount rate: December 31, 2021 Weighted-average remaining lease term - operating leases (in years) 8.1 Weighted-average discount rate - operating leases 2.99 %
Lessee, Operating Lease, Liability, Maturity	The following is a maturity analysis of the undiscounted cash flows of the operating lease liabilities as of December 31, 2021: Railcars Other Total Year ended December 31: 2022 $ 2,297,068 $ 278,062 $ 2,575,130 2023 1,375,614 270,101 1,645,715 2024 978,814 258,283 1,237,097 2025 917,864 237,778 1,155,642 2026 711,864 236,402 948,266 Thereafter 3,209,072 1,964,286 5,173,358 Total lease payments 9,490,296 3,244,912 12,735,208 Less amount of lease payments representing interest (1,496,428) (6,222) (1,502,650) Total present value of lease payments $ 7,993,868 $ 3,238,690 $ 11,232,558

Cash Flow Information (Tables)

Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2021
Cash Flow Information [Abstract]
Schedule Of Changes In Assets and Liabilities	The following is a schedule of changes in assets and liabilities used to determine cash from operating activities: 2021 2020 2019 Changes in operating assets and liabilities: Trade accounts receivable $ (7,580,346) $ (4,572,212) $ (3,896,533) Inventories (26,909,332) (20,562,734) (14,338,269) Commodity derivative instruments (7,854,325) (1,358,041) 2,608,222 Margin account deposit 3,918,375 754,159 (4,421,308) Prepaid expenses (3,741,574) (208,880) (392,579) Accounts payable 425,132 (3,398,184) 2,579,559 Accrued commodity purchases 15,929,390 13,616,371 (4,037,857) Accrued expenses and interest 1,248,720 496,788 (881,469) Deferred liabilities (380,998) 1,279,949 (343,926) Totals $ (24,944,958) $ (13,952,784) $ (23,124,160)

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Derivatives Assets and Liabilities Not Designated As Hedging Instruments	As of December 31, 2021 and 2020, the value of the Company’s open futures, options and forward contracts was approximately $(15,711,099) and $(13,523,064), respectively. December 31, 2021 Balance Sheet Asset Liability Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 11,584,595 $ 27,141,888 Foreign exchange contracts Current Assets/Liabilities 58,673 68,683 Interest rate caps and floors Current Assets/Liabilities 290,491 434,287 Totals $ 11,933,759 $ 27,644,858 December 31, 2020 Balance Sheet Asset Liability Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 28,365,908 $ 41,196,628 Foreign exchange contracts Current Assets/Liabilities 50,979 48,539 Interest rate caps and floors Current Assets/Liabilities 793 695,577 Totals $ 28,417,680 $ 41,940,744
Schedule Of Derivative Instruments, Net Realized and Unrealized Gain (Loss) On Derivatives Not Designated As Hedging Instruments	During the years ended December 31, 2021, 2020, and 2019, net realized and unrealized gains (losses) on derivative transactions were recognized in the statements of operations as follows: Net Gain (Loss) Recognized on Derivative 2021 2020 2019 Derivatives not designated as hedging instruments: Commodity contracts $ (10,308,738) $ (8,552,207) $ (4,057,389) Foreign exchange contracts 20,409 (34,437) 54,966 Interest rate swaps, caps and floors 245,969 (338,533) (148,053) Totals $ (10,042,360) $ (8,925,177) $ (4,150,476)

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables set forth financial assets and liabilities measured at fair value in the balance sheets and the respective levels to which fair value measurements are classified within the fair value hierarchy as of December 31, 2021 and 2020: Fair Value as of December 31, 2021 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 94,508,520 $ — $ 94,508,520 Commodity derivative instruments $ (15,711,099) $ — $ — $ (15,711,099) Margin deposits $ 2,099,626 $ — $ — $ 2,099,626 Fair Value as of December 31, 2020 Level 1 Level 2 Level 3 Total Financial Assets: Inventory $ — $ 69,127,700 $ — $ 69,127,700 Commodity derivative instruments $ (13,523,064) $ — $ — $ (13,523,064) Margin deposits $ 6,018,001 $ — $ — $ 6,018,001

Business Credit Risk and Conc_2

Business Credit Risk and Concentrations (Tables)	12 Months Ended
	Dec. 31, 2021
Risks and Uncertainties [Abstract]
Schedules of Concentration of Risk, by Risk Factor	Net revenue by geographic area for the years ended December 31, 2021, 2020, and 2019 are as follows: 2021 2020 2019 United States $ 474,313,245 $ 343,415,949 $ 296,767,276 Canada 115,836,908 71,609,816 74,508,490 Totals $ 590,150,153 $ 415,025,765 $ 371,275,766

Principal Activity and Signif_4

Principal Activity and Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Deferred Revenue				$ 101,111
Contract with Customer, Liability	$ 1,347,409	$ 1,728,407	$ 313,347
Advertising Expense	66,000	65,000	$ 76,000
Unrecognized Tax Benefits	0	$ 0
Deferred Tax Assets, Net Of Valuation Allowance	$ 25,500,000
Building and Building Improvements | Maximum
Property, Plant and Equipment, Estimated Useful Lives	39 years
Building and Building Improvements | Minimum
Property, Plant and Equipment, Estimated Useful Lives	10 years
Furniture and Fixtures | Maximum
Property, Plant and Equipment, Estimated Useful Lives	15 years
Furniture and Fixtures | Minimum
Property, Plant and Equipment, Estimated Useful Lives	3 years
Railcars
Property, Plant and Equipment, Estimated Useful Lives	50 years

Principal Activity and Signif_5

Principal Activity and Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 590,150,153	$ 415,025,765	$ 371,275,766
Soybean meal and hulls
Disaggregation of Revenue [Line Items]
Revenue	335,175,830	268,163,989	244,012,663
Soybean oil and oil byproducts
Disaggregation of Revenue [Line Items]
Revenue	$ 254,974,323	$ 146,861,776	$ 127,263,103

Accounts Receivable (Details Te

Accounts Receivable (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2019
Receivables [Abstract]
Accounts receivable credit period	30 days
Percentage Of Late Fee On Past Due Receivables	1.50%	1.50%
Accounts Receivable, before Allowance for Credit Loss			$ 24,418,443

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 12,326,047	$ 4,967,217
Current	24,244,954	24,023,438
Totals	36,571,001	28,990,655
Financing Receivables, 1 to 29 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	11,431,358	4,827,150
Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	693,286	85,177
Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	56,831	11,366
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 144,572	$ 43,524

Accounts Receivable (Details 1)

Accounts Receivable (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balances, beginning of year	$ 0	$ 0	$ 0
Amounts charged (credited) to costs and expenses	258,747	0	0
Additions (deductions)	258,747	0	0
Balances, end of year	$ 0	$ 0	$ 0

Inventories (Details)

Inventories (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Finished goods	$ 60,233,567	$ 35,502,780
Raw materials	34,501,561	33,824,265
Supplies & miscellaneous	331,257	266,428
Totals	$ 95,066,385	$ 69,593,473

Margin Deposits Margin Deposits

Margin Deposits Margin Deposits (Details)	12 Months Ended
	Dec. 31, 2021
Future [Member]
Derivative [Line Items]
Contracts Maturity	12 months

Investments in Related Partie_2

Investments in Related Parties - Schedule of Equity Method Investments (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in related parties	$ 10,764,310	$ 9,327,890
Prairie AquaTech, LLC
Schedule of Equity Method Investments [Line Items]
Investments in related parties	1,553,727	1,553,727
Prairie AquaTech Investments, LLC
Schedule of Equity Method Investments [Line Items]
Investments in related parties	5,000,000	5,000,000
Prairie Aqua Tech Manufacturing, LLC
Schedule of Equity Method Investments [Line Items]
Investments in related parties	$ 4,210,583	$ 2,774,163

Investments in Related Partie_3

Investments in Related Parties (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Loss on equity method investment	$ 0	$ 0	$ 135,588
Soybean meal contributed as investment in related party	1,436,420	1,049,834	0
Prairie AquaTech, LLC
Schedule of Equity Method Investments [Line Items]
Loss on equity method investment	0	0	$ 135,588
Investments in related party	0	404,329
Soybean meal contributed as investment in related party	$ 1,436,420	$ 1,049,834

Investments in Cooperatives (De

Investments in Cooperatives (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Investments in cooperatives	$ 1,559,800	$ 1,539,293
Cobank
Investments in cooperatives	$ 1,559,800	$ 1,539,293

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Cost	$ 133,919,053	$ 122,195,099
Less accumulated depreciation	(61,386,445)	(57,963,905)
Total property and equipment, net	72,532,608	64,231,194
Land
Cost	516,326
Less accumulated depreciation	0
Total property and equipment, net	516,326	516,326
Land Improvements
Cost	2,538,645
Less accumulated depreciation	(910,442)
Total property and equipment, net	1,628,203	1,647,052
Building and Building Improvements
Cost	25,988,837
Less accumulated depreciation	(10,627,414)
Total property and equipment, net	15,361,423	12,391,726
Machinery and Equipment
Cost	91,160,339
Less accumulated depreciation	(48,422,556)
Total property and equipment, net	42,737,783	41,674,080
Railroad Cars
Cost	5,852,292
Less accumulated depreciation	(265,055)
Total property and equipment, net	5,587,237	5,704,283
Vehicles
Cost	151,682
Less accumulated depreciation	(108,763)
Total property and equipment, net	42,919	59,613
Furniture and Fixtures
Cost	1,387,880
Less accumulated depreciation	(1,052,215)
Total property and equipment, net	335,665	408,288
Construction In Progress
Cost	6,323,052
Less accumulated depreciation	0
Total property and equipment, net	$ 6,323,052	$ 1,829,826

Property and Equipment (Detai_2

Property and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 5,087,987	$ 4,904,617	$ 4,487,460

Notes Payable - Seasonal Loan (

Notes Payable - Seasonal Loan (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Line Of Credit Facility, Expiration Date	Dec. 1, 2022
Line of credit facility, maximum borrowing capacity	$ 70,000,000
Line Of Credit Facility, Interest Rate At Period End	2.31%
Long-term line of credit	$ 16,900,000	$ 17,503,291
Line Of Credit Facility, Remaining Borrowing Capacity	70,000,000
Advances On Revolving Credit Facility
Debt Instrument [Line Items]
Long-term line of credit	$ 0
Seasonal Loan [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.20%

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Apr. 20, 2020
Debt Instrument [Line Items]
Revolving term loan	$ 16,900,000	$ 17,503,291
Total debt before current maturities and debt issuance costs	16,902,473	17,513,291
Less current maturities	(2,902,473)	0
Debt issuance costs	(8,542)	(13,423)
Totals	$ 13,991,458	17,499,868
Line Of Credit Facility, Interest Rate At Period End	2.31%
Deferred Finance Costs, Own-share Lending Arrangement, Issuance Costs, Accumulated Amortization	$ 15,458	10,577
Revolving Term Loan
Debt Instrument [Line Items]
Revolving term loan	$ 16,902,473	$ 17,503,291
Line Of Credit Facility, Interest Rate At Period End	2.56%	2.60%
Paycheck Protection Program
Debt Instrument [Line Items]
Notes payable	$ 0	$ 10,000
Line Of Credit Facility, Interest Rate At Period End	1.00%
Debt Instrument, Interest Rate, Stated Percentage			1.00%

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual) - USD ($)	Mar. 20, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 19, 2021	Nov. 25, 2020	Apr. 20, 2020
Long-term line of credit		$ 16,900,000	$ 17,503,291
Line Of Credit Facility, Interest Rate At Period End		2.31%
Line of Credit Facility, Periodic Payment, Principal		$ 2,000,000
Payments of Debt Issuance Costs	$ 24,000	0	10,000	$ 0
Line of credit facility, fair value of amount outstanding		$ 1,100,000
Paycheck Protection Program
Line Of Credit Facility, Interest Rate At Period End		1.00%
Notes payable		$ 0	10,000
Debt Instrument, Face Amount						$ 1,205,700	$ 1,215,700
Debt Instrument, Interest Rate, Stated Percentage							1.00%
Debt, Current					$ 10,000
Revolving Term Loan
Long-term line of credit		$ 16,902,473	$ 17,503,291
Line Of Credit Facility, Interest Rate At Period End		2.56%	2.60%
Revolving Term Loan
Long-term line of credit		$ 18,000,000
Line Of Credit Facility, Interest Rate At Period End		2.56%
Debt Instrument, Maturity Date		Mar. 20, 2026
Line of Credit Facility, Commitment Fee Percentage		0.40%
Notes Payable, Other Payables [Member]
Notes payable		$ 964,070

Long-Term Debt (Details 1)

Long-Term Debt (Details 1)	Dec. 31, 2021USD ($)
For the years ending December 31:
2022	$ 2,902,473
2023	4,000,000
2024	4,000,000
2025	4,000,000
2026	2,000,000
Long-term Debt	$ 16,902,473

Operating Leases Additional Inf

Operating Leases Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Mar. 19, 2020
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 3,026,270	$ 3,099,585	$ 3,086,823
Operating lease, required monthly payments	3,779
Current operating lease liabilities	1,958,707	5,846,456		$ 3,300,000
Entity in Western United States
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 157,143	0	0
Railcars | Minimum
Lessee, Lease, Description [Line Items]
Operating lease term	3 years
Railcars | Maximum
Lessee, Lease, Description [Line Items]
Operating lease term	18 years
Machinery and equipment
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 38,606	$ 41,079	$ 56,322
Machinery and equipment | Minimum
Lessee, Lease, Description [Line Items]
Operating lease term	3 years
Machinery and equipment | Maximum
Lessee, Lease, Description [Line Items]
Operating lease term	7 years

Operating Leases Schedule of Op

Operating Leases Schedule of Operating Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)railcar
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	492
Monthly Payment | $	$ 219,172
American Railcar Leasing, Maturity Date Jun 30, 2021
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	13
Monthly Payment | $	$ 7,150
Andersons Railcar Leasing Co. Maturity Date Jun 30, 2023
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	10
Monthly Payment | $	$ 5,000
Andersons Railcar Leasing Co. Maturity Date Jun 30, 2026
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	20
Monthly Payment | $	$ 11,300
Andersons Railcar Leasing Co., Maturity Date October 31, 2026
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	15
Monthly Payment | $	$ 8,250
Farm Credit Leasing, Maturity Date August 31, 2032
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	87
Monthly Payment | $	$ 34,929
Farm Credit Leasing, Maturity Date May 31, 2033
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	8
Monthly Payment | $	$ 5,966
Farm Credit Leasing, Maturity Date September 30, 2033
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	9
Monthly Payment | $	$ 4,624
GATX Corporation, Maturity Date Jun 30, 2020
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	14
Monthly Payment | $	$ 4,200
Trinity Capital, Maturity Date Nov 30, 2020
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	29
Monthly Payment | $	$ 17,255
Trinity Capital, Maturity Date Sep 30, 2020
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	20
Monthly Payment | $	$ 11,900
Trinity Capital, Maturity Date January 31, 2026
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	24
Monthly Payment | $	$ 10,440
Trinity Capital, Maturity Date May 31, 2026
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	2
Monthly Payment | $	$ 980
Wells Fargo Rail, Maturity Date July 31, 2022
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	112
Monthly Payment | $	$ 52,557
Wells Fargo Rail, Maturity Date Dec 31, 2022
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	107
Monthly Payment | $	$ 35,845
Wells Fargo Rail, Maturity Date Dec, 31, 2011 With Monthly Payment $2926
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	7
Monthly Payment | $	$ 2,926
Wells Fargo Rail, Maturity Date Dec 31, 2021 With Monthly Payment $5850
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	15
Monthly Payment | $	$ 5,850

Operating Leases - Components o

Operating Leases - Components of Operating Lease Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 3,064,876	$ 3,140,664	$ 3,143,145
Cost of revenues - Freight and rail
Lessee, Lease, Description [Line Items]
Operating lease costs	3,026,270	3,099,585	3,086,823
Cost of revenues - Production
Lessee, Lease, Description [Line Items]
Operating lease costs	29,072	30,611	43,783
Administration expenses
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 9,534	$ 10,468	$ 12,539

Operating Leases - Supplemental

Operating Leases - Supplemental Cash Flow and Weighted-Average Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	8 years 1 month 6 days
Operating Lease, Payments	$ 6,263,277	$ 3,007,066	$ 2,951,574
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 2,577,558	$ 8,823,499	$ 809,916
Operating Lease, Weighted Average Discount Rate, Percent	2.99%

Operating Leases - Maturity Ana

Operating Leases - Maturity Analysis of Undiscounted Cash Flows of Operating Lease Liabilities (Details)	Dec. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
Twelve-month periods ended December 31, 2020	$ 2,575,130
Twelve-month periods ended December 31, 2021	1,645,715
Twelve-month periods ended December 31, 2022	1,237,097
Twelve-month periods ended December 31, 2023	1,155,642
Twelve-month periods ended December 31, 2024	948,266
Thereafter	5,173,358
Total lease payments	12,735,208
Less amount of lease payments representing interest	(1,502,650)
Total present value of lease payments	11,232,558
Railcars
Lessee, Lease, Description [Line Items]
Twelve-month periods ended December 31, 2020	2,297,068
Twelve-month periods ended December 31, 2021	1,375,614
Twelve-month periods ended December 31, 2022	978,814
Twelve-month periods ended December 31, 2023	917,864
Twelve-month periods ended December 31, 2024	711,864
Thereafter	3,209,072
Total lease payments	9,490,296
Less amount of lease payments representing interest	(1,496,428)
Total present value of lease payments	7,993,868
Other
Lessee, Lease, Description [Line Items]
Twelve-month periods ended December 31, 2020	278,062
Twelve-month periods ended December 31, 2021	270,101
Twelve-month periods ended December 31, 2022	258,283
Twelve-month periods ended December 31, 2023	237,778
Twelve-month periods ended December 31, 2024	236,402
Thereafter	1,964,286
Total lease payments	3,244,912
Less amount of lease payments representing interest	(6,222)
Total present value of lease payments	$ 3,238,690

Employee Benefit Plans (Details

Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Defined Contribution Plan, Cost	$ 249,000	$ 214,000	$ 186,000
Profit Sharing
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred Compensation Arrangement with Individual, Percent of Profits Allocated	4.70%
Deferred Compensation Arrangement with Individual, Contributions by Employer	$ 2,000,000
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 1,289,000	$ 673,000	$ 442,000

Cash Flow Information (Details)

Cash Flow Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flow Information [Abstract]
Trade accounts receivable	$ (7,580,346)	$ (4,572,212)	$ (3,896,533)
Inventories	(26,909,332)	(20,562,734)	(14,338,269)
Commodity derivative instruments	(7,854,325)	(1,358,041)	2,608,222
Margin account deposit	3,918,375	754,159	(4,421,308)
Prepaid expenses	(3,741,574)	(208,880)	(392,579)
Accounts payable	425,132	(3,398,184)	2,579,559
Accrued commodity purchases	15,929,390	13,616,371	(4,037,857)
Accrued expenses and interest	1,248,720	496,788	(881,469)
Deferred liabilities	(380,998)	1,279,949	(343,926)
Total	$ (24,944,958)	$ (13,952,784)	$ (23,124,160)

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Derivatives not designated as hedging instruments:
Asset Derivatives	$ 11,933,759	$ 28,417,680
Liability Derivatives	27,644,858	41,940,744
Commodity Contract
Derivatives not designated as hedging instruments:
Asset Derivatives	11,584,595	28,365,908
Liability Derivatives	27,141,888	41,196,628
Foreign Exchange Contract
Derivatives not designated as hedging instruments:
Asset Derivatives	58,673	50,979
Liability Derivatives	68,683	48,539
Interest Rate Swap
Derivatives not designated as hedging instruments:
Asset Derivatives	290,491	793
Liability Derivatives	$ 434,287	$ 695,577

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	$ (10,042,360)	$ (8,925,177)	$ (4,150,476)
Commodity Contract
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	(10,308,738)	(8,552,207)	(4,057,389)
Foreign Exchange Contract
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	20,409	(34,437)	54,966
Interest Rate Swap
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	$ 245,969	$ (338,533)	$ (148,053)

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Assets (Liabilities), At Fair Value, Net	$ (15,711,099)	$ (13,523,064)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ (10,042,360)	$ (8,925,177)	$ (4,150,476)

Fair Value (Details)

Fair Value (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Derivative Asset		$ 69,127,700
Financial liability		(13,523,064)
Margin deposits	$ 2,099,626	6,018,001
Inventories
Derivative Asset	94,508,520
Commodity Contract
Financial liability	(15,711,099)
Fair Value, Inputs, Level 1
Derivative Asset		0
Financial liability		(13,523,064)
Margin deposits	2,099,626	6,018,001
Fair Value, Inputs, Level 1 | Inventories
Derivative Asset	0
Fair Value, Inputs, Level 1 | Commodity Contract
Financial liability	(15,711,099)
Fair Value, Inputs, Level 2
Derivative Asset		69,127,700
Financial liability		0
Margin deposits	0	0
Fair Value, Inputs, Level 2 | Inventories
Derivative Asset	94,508,520
Fair Value, Inputs, Level 2 | Commodity Contract
Financial liability	0
Fair Value, Inputs, Level 3
Derivative Asset		0
Financial liability		0
Margin deposits	0	$ 0
Fair Value, Inputs, Level 3 | Inventories
Derivative Asset	0
Fair Value, Inputs, Level 3 | Commodity Contract
Financial liability	$ 0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Prairie AquaTech, LLC
Related Party Transaction [Line Items]
Revenue from related parties	$ 7,333,479	$ 1,550,772	$ 1,582,064
Due from related parties	776,767	339,967
Prairie Aqua Tech Manufacturing, LLC
Related Party Transaction [Line Items]
Due from Related Parties, Cumulative, Current		1,720,000
Management Service [Member] | Prairie Aqua Tech Manufacturing, LLC
Related Party Transaction [Line Items]
Revenue from related parties	$ 0	$ 121,111	$ 758,931

Business Credit Risk and Conc_3

Business Credit Risk and Concentrations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
United States
Segment Reporting Information, Revenue for Reportable Segment	$ 474,313,245	$ 343,415,949	$ 296,767,276
Canada
Segment Reporting Information, Revenue for Reportable Segment	115,836,908	71,609,816	74,508,490
United states and Canada
Segment Reporting Information, Revenue for Reportable Segment	$ 590,150,153	$ 415,025,765	$ 371,275,766

Business Credit Risk and Conc_4

Business Credit Risk and Concentrations (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Receivables, Net, Current	$ 36,568,741	$ 28,990,181
Soybean Meal | Sales Benchmark | Sales Concentration Risk
Sales Revenue, Goods, Net, Percentage	55.00%	62.00%	63.00%
Soybean Oil | Sales Benchmark | Sales Concentration Risk
Sales Revenue, Goods, Net, Percentage	41.00%	34.00%	33.00%

Members' Equity (Details Textua

Members' Equity (Details Textual) $ / shares in Units, $ in Millions	Feb. 02, 2021USD ($)$ / shares	Dec. 31, 2021$ / Unitsshares
Equity [Abstract]
Minimum Capital Units | shares		2,500
Redemption Of Members Equity Per Unit | $ / Units		0.20
Net Income Distribution To Members Description		if a member becomes a holder of less than 2,500 units, or if a member becomes an owner (directly or indirectly) of more than 10% of the issued and outstanding capital units.
Distribution to members | $	$ 9.4
Distribution to members, in dollars per share | $ / shares	$ 0.31

Subsequent Events (Details Text

Subsequent Events (Details Textual) - USD ($)	Feb. 03, 2022	Feb. 01, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Distributions to members			$ 9,429,890	$ 6,692,180	$ 15,209,500
Line of credit facility, maximum borrowing capacity			$ 70,000,000
Subsequent Event
Distributions to members		$ 17,300,000
Distribution date	Feb. 4, 2022