South Dakota Soybean Processors (SDSYA) 10-Q 14 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Nov. 14, 2023
Cover [Abstract]
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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 Ave
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
Entity Common Stock, Shares Outstanding		30,411,500
Entity Central Index Key	0001163609
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 62,428,669	$ 866,699
Trade accounts receivable	50,964,748	43,517,754
Inventories	92,334,428	134,246,154
Commodity derivative instruments	10,245,404	10,950,831
Margin deposits	3,499,900	5,603,930
Prepaid expenses	3,769,285	2,364,362
Total current assets	223,242,434	197,549,730
Property and equipment	192,482,945	140,903,867
Less accumulated depreciation	(70,089,859)	(66,343,898)
Total property and equipment, net	122,393,086	74,559,969
Other assets
Investments in related parties	13,637,150	14,576,910
Investments in cooperatives	1,737,862	1,705,549
Right-of-use lease asset, net	29,128,808	22,708,362
Other Assets, Noncurrent	336,500	96,250
Total other assets	44,840,320	39,087,071
Total assets	390,475,840	311,196,770
Current liabilities
Excess of outstanding checks over bank balance	11,983,777	18,504,251
Current maturities of long-term debt	1,200,000	0
Note payable - seasonal loan	728,833	138,165
Current operating lease liabilities	2,834,052	2,632,995
Accounts payable	2,431,808	2,245,339
Accrued commodity purchases	57,319,831	70,744,667
Commodity derivative instruments	10,455,096	20,010,772
Accrued expenses	5,805,406	6,062,608
Accrued interest	116,056	135,081
Deferred liabilities - current	436,489	1,074,059
Total current liabilities	93,311,348	121,547,937
Long-term liabilities
Long-term debt, net of current maturities and unamortized debt issuance costs	10,200,000	8,845,683
Long-term operating lease liabilities	23,564,400	17,168,224
Deferred liabilities	43,578	96,250
Total long-term liabilities	33,807,978	26,110,157
Commitments and contingencies (Notes 6, 7, 8, and 13)
Members' equity
Class A Units, no par value, 30,411,500 units issued and     outstanding on September 30, 2023 and December 31, 2022	177,934,483	163,538,676
Partners' Capital Attributable to Noncontrolling Interest	85,422,031	0
Total liabilities and members' equity	390,475,840	$ 311,196,770
Capital Unit, Class A
Members' equity
Class A Units, no par value, 30,411,500 units issued and     outstanding on September 30, 2023 and December 31, 2022	$ 177,934,483

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets [Parenthetical] - Capital Unit, Class A - shares	Sep. 30, 2023	Dec. 31, 2022
Common stock, shares issued	30,411,500	30,411,500
Common stock, shares outstanding	30,411,500	30,411,500

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net revenues	$ 176,915,209	$ 184,725,873	$ 533,767,903	$ 531,698,305
Cost of revenues:
Production	10,212,705	9,419,838	30,613,210	27,361,405
Brokerage fees	190,804	164,349	589,886	544,050
Total cost of revenues	156,834,692	172,733,989	476,890,661	476,328,311
Gross profit	20,080,517	11,991,884	56,877,242	55,369,994
Operating expenses:
Administration	1,520,090	1,249,945	4,508,549	4,124,844
Operating income	18,560,427	10,741,939	52,368,693	51,245,150
Other income (expense):
Interest expense	(727,968)	(638,690)	(2,705,266)	(1,574,020)
Other non-operating income (expense)	930,131	331,933	854,164	1,126,395
Patronage dividend income	0	0	693,047	699,595
Total other income (expense)	202,163	(306,757)	(1,158,055)	251,970
Net income	18,441,559	10,435,182	50,889,607	51,497,120
Net Income (Loss) Attributable to Noncontrolling Interest	$ 321,031	$ 0	$ 321,031	$ 0
Basic and Diluted Loss Per Capital Unit [Abstract]
Earnings Per Share, Basic	$ 0.61	$ 0.34	$ 1.67	$ 1.69
Weighted average number of capital units outstanding for calculation of diluted earnings per capital unit (in shares)	30,411,500	30,411,500	30,411,500	30,411,500
Weighted average number of capital units outstanding for calculation of basic earnings per capital unit (in shares)	30,411,500	30,411,500	30,411,500	30,411,500
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 18,762,590	$ 10,435,182	$ 51,210,638	$ 51,497,120
Product
Cost of revenues:
Cost of products and services	135,145,339	151,274,078	410,182,433	413,824,133
Freight and rail
Cost of revenues:
Cost of products and services	$ 11,285,844	$ 11,875,724	$ 35,505,132	$ 34,598,723

Condensed Statement of Changes

Condensed Statement of Changes in Members' Equity Statement - USD ($)	Total	Noncontrolling Interest	Capital Unit, Class A
Beginning Balances (in shares) at Dec. 31, 2021			30,419,000
Beginning Balances at Dec. 31, 2021			$ 113,414,905
Beginning Balances at Dec. 31, 2021	$ 113,414,905	$ 0
Net income	51,497,120		51,497,120
Distribution to members	$ (17,338,830)
Liquidation of members' equity (in shares)	(7,500)
Liquidation of members' equity	$ (1,500)		$ (1,500)
Ending Balances (in shares) at Sep. 30, 2022			30,411,500
Ending Balances at Sep. 30, 2022			$ 147,571,695
Ending Balances at Sep. 30, 2022	147,571,695	0
Beginning Balances (in shares) at Dec. 31, 2022			30,411,500
Beginning Balances at Dec. 31, 2022	163,538,676
Beginning Balances at Dec. 31, 2022	163,538,676	0
Net income	51,210,638	321,031	$ 50,889,607
Distribution to members	(36,493,800)		$ (36,493,800)
Issuance of new capital units in consolidated entities	85,101,000	85,101,000
Ending Balances (in shares) at Sep. 30, 2023			30,411,500
Ending Balances at Sep. 30, 2023	177,934,483		$ 177,934,483
Ending Balances at Sep. 30, 2023	$ 263,356,514	$ 85,422,031

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities
Net income	$ 51,210,638	$ 51,497,120
Charges and credits to net income not affecting cash:
Depreciation and amortization	4,312,771	2,767,194
Net (gain) loss recognized on derivative activities	(17,621,666)	(12,864,652)
Loss (gain) on sale of property and equipment	(59,486)	2,927
Non-cash patronage dividends	(32,313)	(145,749)
Change in current assets and liabilities	31,445,697	(59,254,520)
Net cash provided by (used for) operating activities	69,255,641	(17,997,680)
Investing activities
Increase in other assets	(240,250)	(96,250)
Proceeds from sales of property and equipment	147,718	5,900
Purchase of property and equipment	(52,829,189)	(3,293,497)
Net cash used for investing activities	(52,921,721)	(3,383,847)
Financing activities
Change in excess of outstanding checks over bank balances	(6,520,474)	(4,015,768)
Net proceeds from seasonal borrowings	590,668	48,666,976
Proceeds from issuance of capital units	85,101,000	0
Distributions to members	(36,493,800)	(17,338,830)
Proceeds from long-term debt	14,766,774	4,224,724
Principal payments on long-term debt	(12,216,118)	(5,127,197)
Net cash provided by financing activities	45,228,050	26,409,905
Net change in cash and cash equivalents	61,561,970	5,028,378
Cash and cash equivalents, beginning of period	866,699	833,738
Cash and cash equivalents, end of period	62,428,669	5,862,116
Supplemental disclosures of cash flow information
Interest	2,724,291	1,400,459
Income taxes	0	0
Soybean meal contributed as investment in related party	$ 1,436,420	$ 1,436,420

Principal Activity and Signific

Principal Activity and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principal Activity and Significant Accounting Policies	Principal Activity and Significant Accounting Policies The unaudited condensed consolidated financial statements contained herein have been prepared pursuant to the rules and regulations of the Securities Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although South Dakota Soybean Processors, LLC (the “Company”, “LLC”, “we”, “our”, or “us”) believes that the disclosures made are adequate to make the information not misleading. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included in the accompanying condensed consolidated financial statements. The results of operations and cash flows for interim periods are not necessarily indicative of results for a full year due in part to the seasonal nature of some of the Company’s businesses. The balance sheet data as of December 31, 2022 has been derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. These statements should be read in conjunction with the financial statements and notes thereto for the year ended December 31, 2022, included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on March 30, 2023. Principles of consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries, High Plains Partners, LLC, HPP SD Holdings, LLC, and High Plains Processing, LLC, after elimination of all material intercompany accounts, transactions, and profits. Use of estimates The preparation of consolidated 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 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 the sale of goods are accounted for as a fulfillment activity and are included in the 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 condensed consolidated balance sheets. These customer prepayments totaled $436,489 and $1,074,059 as of September 30, 2023 and December 31, 2022, respectively. Of the $1,074,059 balance as of December 31, 2022, the Company recognized $154,705 and $982,950 as revenues for the three and nine months ended September 30, 2023, respectively. Of the $1,347,409 customer prepayments as of December 31, 2021, the Company recognized $0 and $1,342,478 of contract liabilities as revenues during the three and nine months ended September 30, 2022, respectively. The following table presents a disaggregation of revenue from contracts with customers for the three and nine-month periods ended September 30, 2023 and 2022, by product type: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Soybean meal and hulls $ 85,574,509 $ 96,159,809 $ 282,972,296 $ 271,565,755 Soybean oil and oil byproducts 91,340,700 88,566,064 250,795,607 260,132,550 Totals $ 176,915,209 $ 184,725,873 $ 533,767,903 $ 531,698,305 Recent accounting pronouncements Any recent accounting pronouncements are not expected to have a material impact on our condensed financial statements.

Accounts Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Accounts Receivable	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 are generally 30 days from invoice date. Accounts considered uncollectible are written off. The Company’s estimate of the allowance for credit losses 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 September 30, 2023 and December 31, 2022: September 30, December 31, Past due: Less than 30 days past due $ 9,667,285 $ 13,779,760 30-60 days past due 1,841,410 1,780,664 60-90 days past due 25,489 182,146 Greater than 90 days past due 210,841 45,830 Total past due 11,745,025 15,788,400 Current 39,219,723 27,729,354 Totals $ 50,964,748 $ 43,517,754 The following table provides information regarding the Company's allowance for credit losses as of September 30, 2023 and December 31, 2022: September 30, 2023 December 31, 2022 Balances, beginning of period $ — $ — Amounts charged (credited) to costs and expenses — (115,208) Additions (deductions) — 115,208 Balances, end of period $ — $ — 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.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories The Company’s inventories consist of the following on September 30, 2023 and December 31, 2022: September 30, December 31, Finished goods $ 36,817,686 $ 62,619,087 Raw materials 54,868,178 71,001,459 Supplies & miscellaneous 648,564 625,608 Totals $ 92,334,428 $ 134,246,154 Finished goods and raw materials are valued at estimated market value, which approximates net realizable value. Supplies and other inventories are stated at the lower of cost or net realizable value.

Investments in Related Parties

Investments in Related Parties	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments in Related Parties	Investments in Related Parties The Company’s investments in related parties consist of the following on September 30, 2023 and December 31, 2022: September 30, December 31, High Plains Partners, LLC $ — $ 2,376,180 Prairie AquaTech, LLC 1,553,727 1,553,727 Prairie AquaTech Investments, LLC 5,000,000 5,000,000 Prairie AquaTech Manufacturing, LLC 7,083,423 5,647,003 Totals $ 13,637,150 $ 14,576,910 The Company measures its investments in Prairie AquaTech, LLC, Prairie AquaTech Investments, LLC, Prairie AquaTech Manufacturing, LLC and High Plains Partners, LLC at their cost less any impairment plus or minus any observable price changes in orderly transactions since these equity investments do not have readily determinable fair values. The Company invested $1,436,420 and $1,436,420 of soybean meal in Prairie AquaTech Manufacturing, LLC for the nine months ended September 30, 2023 and 2022, respectively. In February 2022, the Company announced its plans to construct a multi-seed processing plant near Mitchell, South Dakota. In September 2023, the Company entered into a capital contribution and commitment agreement with High Plains Partners, LLC. Per the agreement, the Company will transfer to High Plains Partners, LLC all rights, title and interest to all of the tangible and intangible development rights, including engineering, permitting, studies, records, etc., totaling $5.0 million in value in exchange for 2,615 Class B units in High Plains Partners, LLC. The Company also committed to investing up to another $106.3 million for 24,438 Class B capital units in the entity. As of September 30, 2023, the Company had contributed $19.0 towards the project. Operation of the facility is expected to begin in late 2025, subject to permitting and other contingencies. Effective September 30, 2023, the Company began consolidating the accounts of High Plains Processing, LLC, HPP SD Holdings, LLC, and High Plains Partners, LLC, formerly unconsolidated entities, into its financial statements . The Company and other regional investors committed to investing a total of $192.0 million into High Plains Partners. In September 2023, High Plains Partners created a joint venture with another partner to create High Plains Processing, LLC, to build a new multi-seed crush facility near Mitchell, South Dakota. Construction of the facility is estimated to be completed in late 2025. The consolidation is due to the Company's entering into a management agreement with the new processing facility along with its ability to appoint a majority of the board members of each entity. The financial data for previous periods has not been restated to reflect the consolidation of the three entities. The consolidation is not material to the financial position or results of operations for the periods

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following is a summary of the Company's property and equipment at September 30, 2023 and December 31, 2022: 2023 2022 Cost Accumulated Depreciation Net Net Land $ 516,326 $ — $ 516,326 $ 516,326 Land improvements 2,695,462 (1,191,468) 1,503,994 1,625,212 Buildings and improvements 26,388,310 (11,789,974) 14,598,336 15,001,754 Machinery and equipment 95,975,676 (55,392,530) 40,583,146 42,924,227 Railroad cars 10,679,356 (638,832) 10,040,524 10,200,714 Company vehicles 151,682 (137,977) 13,705 26,226 Furniture and fixtures 1,548,914 (939,078) 609,836 394,353 Construction in progress 54,527,219 — 54,527,219 3,871,157 Totals $ 192,482,945 $ (70,089,859) $ 122,393,086 $ 74,559,969 Depreciation of property and equipment was $1,457,816 and $1,389,920 for the three months ended September 30, 2023 and 2022, respectively, and $4,309,110 and $4,154,674 for the nine months ended September 30, 2023 and 2022, respectively.

Note Payable - Seasonal Loan

Note Payable - Seasonal Loan	9 Months Ended
	Sep. 30, 2023
Notes Payable Seasonal Loan [Abstract]
Note Payable - Seasonal Loan	Note Payable – Seasonal LoanThe Company has entered into a revolving credit agreement with CoBank which expires on October 1, 2024. The purpose of the credit agreement is to finance the operating needs of the Company. Under this agreement, the Company could borrow up to $85 million, and advances on the revolving credit agreement are secured. Interest accrues at a variable rate (7.55% on September 30, 2023). The Company pays a 0.20% annual commitment fee on any funds not borrowed. There were advances outstanding of $728,833 and $138,165 on September 30, 2023 and December 31, 2022, respectively. The remaining available funds to borrow under the terms of the revolving credit agreement were $84.3 million as of September 30, 2023.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt The following is a summary of the Company's long-term debt on September 30, 2023 and December 31, 2022: September 30, December 31, Revolving term loan from CoBank, interest at variable rates (7.85% and 6.85% on September 30, 2023 and December 31, 2022, respectively), secured by substantially all property and equipment. The loan matures on March 20, 2026. $ 11,400,000 $ 8,849,344 Note payable to CoBank, interest at variable rates (7.85% and 6.85% at September 30, 2023 and December 31, 2022, respectively), secured by substantially all property and equipment. Note matures March 20, 2028. — — Less current maturities (1,200,000) — Less debt issuance costs, net of amortization of $0 and $20,339 as of September 30, 2023 and December 31, 2022, respectively. — (3,661) Total long-term debt $ 10,200,000 $ 8,845,683 The Company entered into an agreement as of September 20, 2023, with CoBank to amend and restate its Credit Agreement, which includes the revolving term loan, note payable, and seasonal loan. Under the terms and conditions of the Credit Agreement, CoBank agreed to make advances to the Company for up to $12,000,000 on the revolving term loan with a variable effective interest rate of 7.85%. The amount available for borrowing on the revolving term loan will decrease by $600,000 every six months until the loan's maturity date of March 20, 2028. 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 were amortized over the term of the loan. The principal balance outstanding on the revolving term loan was $11,400,000 and $8,849,344 as of September 30, 2023 and December 31, 2022, respectively. There were no remaining commitments available to borrow on the revolving term loan as of September 30, 2023. On September 20, 2023, the Company entered into note payable to CoBank to borrow up to $90,000,000 until August 1, 2024, the proceeds of which are to be used to finance the Company's investment in High Plains Partners, LLC. The Company will make semi-annual payments of $4,500,000 beginning October 20, 2024 until the note's maturity on March 20, 2028. The principal balance outstanding on the note payable was $— as of September 30, 2023 and December 31, 2022. There was $90.0 million available to borrow on the note payable as of September 30, 2023. 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 September 30, 2023. The following are minimum principal payments on long-term debt obligations for the twelve-month periods ending September 30: 2024 $ 1,200,000 2025 1,200,000 2026 1,200,000 2027 1,200,000 2028 6,600,000 Total $ 11,400,000

Operating Leases (Notes)

Operating Leases (Notes)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Operating Leases	Operating Leases The Company has several operating leases for railcars. These leases have terms ranging from 3-12 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 $1,145,549 and $755,494 for the three months ended September 30, 2023 and 2022, respectively, and $3,176,709 and $2,101,770 for the nine months ended September 30, 2023 and 2022, respectively. The following is a schedule of the Company's operating leases for railcars as of September 30, 2023: Lessor Quantity of Commencement Maturity Monthly American Railcar Leasing 13 6/1/2021 5/31/2024 $ 7,150 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 Lessor Quantity of Commencement Maturity Monthly Farm Credit Leasing 23 7/1/2022 6/30/2034 13,863 Farm Credit Leasing 30 8/1/2022 7/31/2034 30,422 Farm Credit Leasing 20 10/1/2022 9/30/2034 21,668 Farm Credit Leasing 100 4/1/2023 3/31/2035 81,466 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 2 6/1/2021 5/31/2026 980 Wells Fargo Rail 109 3/1/2022 2/28/2027 51,775 Wells Fargo Rail 7 5/1/2022 4/30/2027 2,765 Wells Fargo Rail 15 5/1/2022 4/30/2027 5,925 Wells Fargo Rail 105 1/1/2023 12/31/2029 49,875 626 $ 364,313 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 $3,824. Lease expense under these other operating leases was $13,263 and $9,446 for the three months ended September 30, 2023 and 2022, respectively, and $37,451 and $70,521 for the nine-month periods ended September 30, 2023 and 2022, 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 after the entity's construction of additional storage and handling facilities. The agreement began on 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. Lease expense under this agreement was $58,929 and $58,929 for the three months ended September 30, 2023 and 2022, respectively, and $176,786 and $176,796 for the nine months ended September 30, 2023 and 2022, respectively. Operating leases are included in right-to-use lease assets, current operating lease liabilities, and long-term lease liabilities on the Company's condensed 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 condensed 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 condensed statements of operations for the three and nine-month periods ended September 30, 2023 and 2022 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cost of revenues - Freight and rail $ 1,145,549 $ 755,494 $ 3,176,709 $ 2,101,770 Cost of revenues - Production 67,735 62,411 201,528 230,155 Administration expenses 4,457 5,964 12,709 17,162 Total operating lease costs $ 1,217,741 $ 823,869 $ 3,390,946 $ 2,349,087 The following summarizes the supplemental cash flow information for the three and nine-month periods ended September 30, 2023 and 2022: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cash paid for amounts included in the measurement of lease liabilities $ 1,024,713 $ 667,523 $ 3,100,471 $ 1,948,114 Supplemental non-cash information: Right-of-use assets obtained in exchange for lease liabilities $ 41,523 $ 3,511,694 $ 8,956,408 $ 8,440,866 The following summarizes the weighted-average remaining lease term and weighted-average discount rate as of September 30, 2023: Weighted-average remaining lease-term - operating leases (in years) 9.5 Weighted-average discount rate - operating leases 4.2 % The following is a maturity analysis of the undiscounted cash flows of the operating lease liabilities as of September 30, 2023: Railcars Other Total Twelve-month periods ended September 30: 2024 $ 4,009,844 $ 45,675 $ 4,055,519 2025 3,885,689 29,800 3,915,489 2026 3,847,869 22,796 3,870,665 2027 3,241,704 19,910 3,261,614 2028 2,913,749 9,209 2,922,958 Thereafter 14,001,813 — 14,001,813 Total lease payments 31,900,668 127,390 32,028,058 Less amount of lease payments representing interest (5,617,760) (11,846) (5,629,606) Total present value of lease payments $ 26,282,908 $ 115,544 $ 26,398,452

Member Distribution

Member Distribution	9 Months Ended
	Sep. 30, 2023
Member Distribution [Abstract]
Member Distribution	Member DistributionOn January 31, 2023, the Company’s Board of Managers approved a cash distribution of approximately $36.5 million, or $1.20 per capital unit. The distribution was paid in accordance with the Company’s operating agreement and distribution policy on February 2, 2023.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2023
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, hedging instruments. These contracts are recorded on the Company’s condensed balance sheets at fair value as discussed in Note 11, Fair Value. As of September 30, 2023 and December 31, 2022, the value of the Company’s open futures, options and forward contracts was $(209,692) and $(9,059,941), respectively. As of September 30, 2023 Balance Sheet Classification Asset Derivatives Liability Derivatives Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 10,135,021 $ 10,239,346 Foreign exchange contracts Current Assets/Liabilities 91,905 156,936 Interest rate caps and floors Current Assets/Liabilities 18,478 58,814 Totals $ 10,245,404 $ 10,455,096 As of December 31, 2022 Balance Sheet Classification Asset Derivatives Liability Derivatives Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 9,716,111 $ 19,820,839 Foreign exchange contracts Current Assets/Liabilities 77,983 53,267 Interest rate caps and floors Current Assets/Liabilities 1,156,737 136,666 Totals $ 10,950,831 $ 20,010,772 During the three and nine-month periods ended September 30, 2023 and 2022, net realized and unrealized gains (losses) on derivative transactions were recognized in the condensed statements of operations as follows: Net Gain (Loss) Recognized Net Gain (Loss) Recognized Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Derivatives not designated as hedging instruments: Commodity contracts $ 6,839,239 $ 5,265,221 $ 16,891,008 $ 12,094,077 Foreign exchange contracts (35,696) (21,642) 877,402 (363,180) Interest rate swaps, caps and floors 21,553 348,001 (146,744) 1,133,755 Totals $ 6,825,096 $ 5,591,580 $ 17,621,666 $ 12,864,652 The Company recorded gains (losses) in cost of goods sold related to its commodity derivative instruments of $6,825,096 and $5,591,580 for the three months ended September 30, 2023 and 2022, respectively, and $17,621,666 and $12,864,652 for the nine-month periods ended September 30, 2023 and 2022, respectively.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value	Fair Value ASC 820, Fair Value Measurements and Disclosures, defines fair value, establishes a comprehensive framework for measuring fair value and expands disclosures that 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 condensed balance sheets and the respective levels to which fair value measurements are classified within the fair value hierarchy as of September 30, 2023 and December 31, 2022: Fair Value as of September 30, 2023 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 91,240,342 $ — $ 91,240,342 Commodity derivative instruments $ (209,692) $ — $ — $ (209,692) Margin deposits (deficits) $ 3,499,900 $ — $ — $ 3,499,900 Fair Value as of December 31, 2022 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 133,543,821 $ — $ 133,543,821 Commodity derivative instruments $ (9,059,941) $ — $ — $ (9,059,941) Margin deposits $ 5,603,930 $ — $ — $ 5,603,930 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 futures contracts listed on the CBOT and adjusts for the local market adjustments derived from other grain terminals in our 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 the original cost plus the amount of patronage earnings allocated to the Company, less any cash distributions received.

Related Party Transactions (Not

Related Party Transactions (Notes)	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsThe Company has equity investments in Prairie AquaTech, LLC, Prairie AquaTech Manufacturing, LLC and Prairie AquaTech Investments, LLC. The Company sold soybean products to Prairie AquaTech, LLC and Prairie AquaTech Manufacturing, LLC totaling $2,914,118 and $4,976,885 for the three months ended September 30, 2023 and 2022, respectively, and $8,146,985 and $13,126,037 during the nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023 and December 31, 2022, Prairie AquaTech, LLC and Prairie AquaTech Manufacturing, LLC owed the Company $1,133,759 and $1,433,551, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Contingencies As of September 30, 2023, the Company had unpaid commitments of approximately $115,000,000 for construction and acquisition of property and equipment, all of which are expected to be incurred by March 31, 2024. The Company has entered into an agreement with High Plains Partners, LLC to commit up to $111.3 million into High Plains Partners to facilitate the construction of a multi-seed processing facility near Mitchell, South Dakota. From time to time in the ordinary course of our business, the Company may be named as a defendant in legal proceedings related to various issues, including without limitation, workers’ compensation claims, tort claims, or contractual disputes. The Company carries insurance that provides protection against general commercial liability claims, claims against our directors, officers and employees, business interruption, automobile liability, and workers' compensation. The Company is not currently involved in any material legal proceedings and is not aware of any potential claims.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventThe Company evaluated all of its activities and concluded that no subsequent events have occurred that would require recognition in its financial statements or disclosed in the notes to its financial statements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 18,441,559	$ 10,435,182	$ 50,889,607	$ 51,497,120

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Principal Activity and Signif_2

Principal Activity and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates, Policy	Use of estimates The preparation of consolidated 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, Policy	Revenue The Company accounts for all 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 the sale of goods are accounted for as a fulfillment activity and are included in the 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 condensed consolidated balance sheets. These customer prepayments totaled $436,489 and $1,074,059 as of September 30, 2023 and December 31, 2022, respectively. Of the $1,074,059 balance as of December 31, 2022, the Company recognized $154,705 and $982,950 as revenues for the three and nine months ended September 30, 2023, respectively. Of the $1,347,409 customer prepayments as of December 31, 2021, the Company recognized $0 and $1,342,478 of contract liabilities as revenues during the three and nine months ended September 30, 2022, respectively.
Recent Accounting Pronouncements	Recent accounting pronouncements Any recent accounting pronouncements are not expected to have a material impact on our condensed financial statements.
Consolidation, Policy		Principles of consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries, High Plains Partners, LLC, HPP SD Holdings, LLC, and High Plains Processing, LLC, after elimination of all material intercompany accounts, transactions, and profits.

Principal Activity and Signif_3

Principal Activity and Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Disaggregation of Revenue	The following table presents a disaggregation of revenue from contracts with customers for the three and nine-month periods ended September 30, 2023 and 2022, by product type: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Soybean meal and hulls $ 85,574,509 $ 96,159,809 $ 282,972,296 $ 271,565,755 Soybean oil and oil byproducts 91,340,700 88,566,064 250,795,607 260,132,550 Totals $ 176,915,209 $ 184,725,873 $ 533,767,903 $ 531,698,305

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Past Due Financing Receivables	The following table presents the aging analysis of trade receivables as of September 30, 2023 and December 31, 2022: September 30, December 31, Past due: Less than 30 days past due $ 9,667,285 $ 13,779,760 30-60 days past due 1,841,410 1,780,664 60-90 days past due 25,489 182,146 Greater than 90 days past due 210,841 45,830 Total past due 11,745,025 15,788,400 Current 39,219,723 27,729,354 Totals $ 50,964,748 $ 43,517,754
Schedule of Allowance for Doubtful Accounts Receivable	The following table provides information regarding the Company's allowance for credit losses as of September 30, 2023 and December 31, 2022: September 30, 2023 December 31, 2022 Balances, beginning of period $ — $ — Amounts charged (credited) to costs and expenses — (115,208) Additions (deductions) — 115,208 Balances, end of period $ — $ —

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	The Company’s inventories consist of the following on September 30, 2023 and December 31, 2022: September 30, December 31, Finished goods $ 36,817,686 $ 62,619,087 Raw materials 54,868,178 71,001,459 Supplies & miscellaneous 648,564 625,608 Totals $ 92,334,428 $ 134,246,154

Investments in Related Parties

Investments in Related Parties (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments in Related Parties	The Company’s investments in related parties consist of the following on September 30, 2023 and December 31, 2022: September 30, December 31, High Plains Partners, LLC $ — $ 2,376,180 Prairie AquaTech, LLC 1,553,727 1,553,727 Prairie AquaTech Investments, LLC 5,000,000 5,000,000 Prairie AquaTech Manufacturing, LLC 7,083,423 5,647,003 Totals $ 13,637,150 $ 14,576,910

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The following is a summary of the Company's property and equipment at September 30, 2023 and December 31, 2022: 2023 2022 Cost Accumulated Depreciation Net Net Land $ 516,326 $ — $ 516,326 $ 516,326 Land improvements 2,695,462 (1,191,468) 1,503,994 1,625,212 Buildings and improvements 26,388,310 (11,789,974) 14,598,336 15,001,754 Machinery and equipment 95,975,676 (55,392,530) 40,583,146 42,924,227 Railroad cars 10,679,356 (638,832) 10,040,524 10,200,714 Company vehicles 151,682 (137,977) 13,705 26,226 Furniture and fixtures 1,548,914 (939,078) 609,836 394,353 Construction in progress 54,527,219 — 54,527,219 3,871,157 Totals $ 192,482,945 $ (70,089,859) $ 122,393,086 $ 74,559,969

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The following is a summary of the Company's long-term debt on September 30, 2023 and December 31, 2022: September 30, December 31, Revolving term loan from CoBank, interest at variable rates (7.85% and 6.85% on September 30, 2023 and December 31, 2022, respectively), secured by substantially all property and equipment. The loan matures on March 20, 2026. $ 11,400,000 $ 8,849,344 Note payable to CoBank, interest at variable rates (7.85% and 6.85% at September 30, 2023 and December 31, 2022, respectively), secured by substantially all property and equipment. Note matures March 20, 2028. — — Less current maturities (1,200,000) — Less debt issuance costs, net of amortization of $0 and $20,339 as of September 30, 2023 and December 31, 2022, respectively. — (3,661) Total long-term debt $ 10,200,000 $ 8,845,683
Schedule of Maturities of Long-term Debt	The following are minimum principal payments on long-term debt obligations for the twelve-month periods ending September 30: 2024 $ 1,200,000 2025 1,200,000 2026 1,200,000 2027 1,200,000 2028 6,600,000 Total $ 11,400,000

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Operating Leases for Railcars	The following is a schedule of the Company's operating leases for railcars as of September 30, 2023: Lessor Quantity of Commencement Maturity Monthly American Railcar Leasing 13 6/1/2021 5/31/2024 $ 7,150 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 Lessor Quantity of Commencement Maturity Monthly Farm Credit Leasing 23 7/1/2022 6/30/2034 13,863 Farm Credit Leasing 30 8/1/2022 7/31/2034 30,422 Farm Credit Leasing 20 10/1/2022 9/30/2034 21,668 Farm Credit Leasing 100 4/1/2023 3/31/2035 81,466 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 2 6/1/2021 5/31/2026 980 Wells Fargo Rail 109 3/1/2022 2/28/2027 51,775 Wells Fargo Rail 7 5/1/2022 4/30/2027 2,765 Wells Fargo Rail 15 5/1/2022 4/30/2027 5,925 Wells Fargo Rail 105 1/1/2023 12/31/2029 49,875 626 $ 364,313
Lease Cost, Supplemental Cash Flow Information and Weighted-average Lease Terms and Discount Rates	The components of lease costs recognized within our condensed statements of operations for the three and nine-month periods ended September 30, 2023 and 2022 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cost of revenues - Freight and rail $ 1,145,549 $ 755,494 $ 3,176,709 $ 2,101,770 Cost of revenues - Production 67,735 62,411 201,528 230,155 Administration expenses 4,457 5,964 12,709 17,162 Total operating lease costs $ 1,217,741 $ 823,869 $ 3,390,946 $ 2,349,087 The following summarizes the supplemental cash flow information for the three and nine-month periods ended September 30, 2023 and 2022: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cash paid for amounts included in the measurement of lease liabilities $ 1,024,713 $ 667,523 $ 3,100,471 $ 1,948,114 Supplemental non-cash information: Right-of-use assets obtained in exchange for lease liabilities $ 41,523 $ 3,511,694 $ 8,956,408 $ 8,440,866 The following summarizes the weighted-average remaining lease term and weighted-average discount rate as of September 30, 2023: Weighted-average remaining lease-term - operating leases (in years) 9.5 Weighted-average discount rate - operating leases 4.2 %
Lessee, Operating Lease, Liability, Maturity	The following is a maturity analysis of the undiscounted cash flows of the operating lease liabilities as of September 30, 2023: Railcars Other Total Twelve-month periods ended September 30: 2024 $ 4,009,844 $ 45,675 $ 4,055,519 2025 3,885,689 29,800 3,915,489 2026 3,847,869 22,796 3,870,665 2027 3,241,704 19,910 3,261,614 2028 2,913,749 9,209 2,922,958 Thereafter 14,001,813 — 14,001,813 Total lease payments 31,900,668 127,390 32,028,058 Less amount of lease payments representing interest (5,617,760) (11,846) (5,629,606) Total present value of lease payments $ 26,282,908 $ 115,544 $ 26,398,452

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Derivatives Assets and Liabilities Not Designated As Hedging Instruments	As of September 30, 2023 and December 31, 2022, the value of the Company’s open futures, options and forward contracts was $(209,692) and $(9,059,941), respectively. As of September 30, 2023 Balance Sheet Classification Asset Derivatives Liability Derivatives Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 10,135,021 $ 10,239,346 Foreign exchange contracts Current Assets/Liabilities 91,905 156,936 Interest rate caps and floors Current Assets/Liabilities 18,478 58,814 Totals $ 10,245,404 $ 10,455,096 As of December 31, 2022 Balance Sheet Classification Asset Derivatives Liability Derivatives Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 9,716,111 $ 19,820,839 Foreign exchange contracts Current Assets/Liabilities 77,983 53,267 Interest rate caps and floors Current Assets/Liabilities 1,156,737 136,666 Totals $ 10,950,831 $ 20,010,772
Schedule Of Derivative Instruments, Net Realized and Unrealized Gain (Loss) On Derivatives Not Designated As Hedging Instruments	During the three and nine-month periods ended September 30, 2023 and 2022, net realized and unrealized gains (losses) on derivative transactions were recognized in the condensed statements of operations as follows: Net Gain (Loss) Recognized Net Gain (Loss) Recognized Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Derivatives not designated as hedging instruments: Commodity contracts $ 6,839,239 $ 5,265,221 $ 16,891,008 $ 12,094,077 Foreign exchange contracts (35,696) (21,642) 877,402 (363,180) Interest rate swaps, caps and floors 21,553 348,001 (146,744) 1,133,755 Totals $ 6,825,096 $ 5,591,580 $ 17,621,666 $ 12,864,652

Fair Value of Financial Instrum

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
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 condensed balance sheets and the respective levels to which fair value measurements are classified within the fair value hierarchy as of September 30, 2023 and December 31, 2022: Fair Value as of September 30, 2023 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 91,240,342 $ — $ 91,240,342 Commodity derivative instruments $ (209,692) $ — $ — $ (209,692) Margin deposits (deficits) $ 3,499,900 $ — $ — $ 3,499,900 Fair Value as of December 31, 2022 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 133,543,821 $ — $ 133,543,821 Commodity derivative instruments $ (9,059,941) $ — $ — $ (9,059,941) Margin deposits $ 5,603,930 $ — $ — $ 5,603,930

Principal Activity and Signif_4

Principal Activity and Significant Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred revenue	$ 436,489		$ 436,489		$ 1,074,059	$ 1,347,409
Contract with customer, revenue recognized	154,705	$ 0	982,950	$ 1,342,478
Long-term liabilities	33,807,978		33,807,978		26,110,157
Present value of remaining lease payments	32,028,058		32,028,058
Right-of-use asset	$ 29,128,808		$ 29,128,808		$ 22,708,362

Principal Activity and Signif_5

Principal Activity and Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 176,915,209	$ 184,725,873	$ 533,767,903	$ 531,698,305
Soybean meal and hulls
Disaggregation of Revenue [Line Items]
Revenue	85,574,509	96,159,809	282,972,296	271,565,755
Soybean oil and oil byproducts
Disaggregation of Revenue [Line Items]
Revenue	$ 91,340,700	$ 88,566,064	$ 250,795,607	$ 260,132,550

Accounts Receivable - Aging of

Accounts Receivable - Aging of Past Due Receivables (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Accounts receivable	$ 50,964,748	$ 43,517,754
Less than 30 days past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	9,667,285	13,779,760
30-60 days past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	1,841,410	1,780,664
60-90 days past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	25,489	182,146
Greater than 90 days past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	210,841	45,830
Total past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	11,745,025	15,788,400
Current
Financing Receivable, Past Due [Line Items]
Accounts receivable	$ 39,219,723	$ 27,729,354

Accounts Receivable - Allowance

Accounts Receivable - Allowance for Doubtful Accounts Receivable (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balances, beginning of period	$ 0	$ 0
Amounts charged (credited) to costs and expenses	0	(115,208)
Additions (deductions)	0	$ 115,208
Balances, end of period	$ 0

Accounts Receivable (Details Te

Accounts Receivable (Details Textual)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Percentage of late fee on past due receivables	1.50%

Inventories (Details)

Inventories (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished goods	$ 36,817,686	$ 62,619,087
Raw materials	54,868,178	71,001,459
Supplies & miscellaneous	648,564	625,608
Totals	$ 92,334,428	$ 134,246,154

Investments in Related Partie_2

Investments in Related Parties - Schedule of Investments (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Equity Securities without Readily Determinable Fair Value [Line Items]
Totals	$ 13,637,150	$ 14,576,910
High Plains Partners, LLC
Equity Securities without Readily Determinable Fair Value [Line Items]
Totals	0	2,376,180
Prairie AquaTech, LLC
Equity Securities without Readily Determinable Fair Value [Line Items]
Totals	1,553,727	1,553,727
Prairie AquaTech Manufacturing, LLC
Equity Securities without Readily Determinable Fair Value [Line Items]
Totals	7,083,423	5,647,003
Prairie AquaTech Investments, LLC
Equity Securities without Readily Determinable Fair Value [Line Items]
Totals	$ 5,000,000	$ 5,000,000

Investments in Related Partie_3

Investments in Related Parties - Narrative (Details) - USD ($)		1 Months Ended	9 Months Ended
	Sep. 01, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Equity Securities without Readily Determinable Fair Value [Line Items]
Soybean meal contributed as investment in related party			$ 1,436,420	$ 1,436,420
Investment company, committed capital	$ 192,000,000
Proceeds from issuance of capital units			85,101,000	0
High Plains Partners, LLC | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement
Equity Securities without Readily Determinable Fair Value [Line Items]
Contribution in exchange for Class B Units		$ 5,000,000		5,000,000
Additional contribution commitment		$ 106,300,000		$ 106,300,000
Total project contributions			$ 19,000,000
High Plains Partners, LLC | Capital Unit, Class B | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | High Plains Partners, LLC
Equity Securities without Readily Determinable Fair Value [Line Items]
Units received in exchange for commitment (in units)		2,615
Additional units received in exchange for commitment (in units)		24,438

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Cost	$ 192,482,945	$ 140,903,867
Accumulated Depreciation	(70,089,859)	(66,343,898)
Total property and equipment, net	122,393,086	74,559,969
Land
Property, Plant and Equipment [Line Items]
Cost	516,326
Accumulated Depreciation	0
Total property and equipment, net	516,326	516,326
Land improvements
Property, Plant and Equipment [Line Items]
Cost	2,695,462
Accumulated Depreciation	(1,191,468)
Total property and equipment, net	1,503,994	1,625,212
Buildings and improvements
Property, Plant and Equipment [Line Items]
Cost	26,388,310
Accumulated Depreciation	(11,789,974)
Total property and equipment, net	14,598,336	15,001,754
Machinery and equipment
Property, Plant and Equipment [Line Items]
Cost	95,975,676
Accumulated Depreciation	(55,392,530)
Total property and equipment, net	40,583,146	42,924,227
Railroad cars
Property, Plant and Equipment [Line Items]
Cost	10,679,356
Accumulated Depreciation	(638,832)
Total property and equipment, net	10,040,524	10,200,714
Company vehicles
Property, Plant and Equipment [Line Items]
Cost	151,682
Accumulated Depreciation	(137,977)
Total property and equipment, net	13,705	26,226
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Cost	1,548,914
Accumulated Depreciation	(939,078)
Total property and equipment, net	609,836	394,353
Construction in progress
Property, Plant and Equipment [Line Items]
Cost	54,527,219
Accumulated Depreciation	0
Total property and equipment, net	$ 54,527,219	$ 3,871,157

Property and Equipment (Detai_2

Property and Equipment (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 1,457,816	$ 1,389,920	$ 4,309,110	$ 4,154,674

Note Payable - Seasonal Loan (D

Note Payable - Seasonal Loan (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Line of credit facility, expiration date	Oct. 01, 2024
Advances outstanding	$ 11,400,000	$ 8,849,344
Seasonal Loan
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 85,000,000
Interest rate	7.55%
Commitment fee percentage	0.20%
Advances outstanding	$ 728,833	$ 138,165
Remaining available funds to borrow	$ 84,300,000

Long-Term Debt - Debt Schedule

Long-Term Debt - Debt Schedule (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Revolving term loan from CoBank, interest at variable rates (7.85% and 6.85% on September 30, 2023 and December 31, 2022, respectively), secured by substantially all property and equipment. The loan matures on March 20, 2026.	$ 11,400,000	$ 8,849,344
Less current maturities	(1,200,000)	0
Less debt issuance costs, net of amortization of $0 and $20,339 as of September 30, 2023 and December 31, 2022, respectively.	0	(3,661)
Total long-term debt	10,200,000	8,845,683
Accumulated amortization	0	20,339
Revolving Term Loan | Line of Credit
Debt Instrument [Line Items]
Revolving term loan from CoBank, interest at variable rates (7.85% and 6.85% on September 30, 2023 and December 31, 2022, respectively), secured by substantially all property and equipment. The loan matures on March 20, 2026.	11,400,000	8,849,344
Notes Payable | Notes Payable to Banks
Debt Instrument [Line Items]
Note payable to CoBank, interest at variable rates (7.85% and 6.85% at September 30, 2023 and December 31, 2022, respectively), secured by substantially all property and equipment. Note matures March 20, 2028.	$ 0	$ 0
Interest variable rate	7.85%	6.85%
Revolving Term Loan
Debt Instrument [Line Items]
Revolving term loan from CoBank, interest at variable rates (7.85% and 6.85% on September 30, 2023 and December 31, 2022, respectively), secured by substantially all property and equipment. The loan matures on March 20, 2026.	$ 12,000,000
Revolving Term Loan | Revolving Term Loan | Line of Credit
Debt Instrument [Line Items]
Interest variable rate	7.85%	6.85%

Long-Term Debt - Maturities of

Long-Term Debt - Maturities of Long Term Debt (Details)	Sep. 30, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 1,200,000
2025	1,200,000
2026	1,200,000
2027	1,200,000
2028	6,600,000
Long-term Debt	$ 11,400,000

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended	41 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Mar. 20, 2028	Dec. 31, 2022
Line of Credit Facility [Line Items]
Advances outstanding	$ 11,400,000	$ 11,400,000		$ 8,849,344
Periodic payment, principal		$ 600,000
Periodic payment period		6 months
Annual commitment fee percentage on unused capacity		0.40%
Forecast
Line of Credit Facility [Line Items]
Semi annual repayments of notes payable			$ 4,500,000
Notes Payable | Notes Payable to Banks
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	90,000,000	$ 90,000,000
Notes payable outstanding	0	0		$ 0
Line of credit facility, current borrowing capacity	90,000,000	90,000,000
Revolving Term Loan
Line of Credit Facility [Line Items]
Advances outstanding	12,000,000	$ 12,000,000
Variable effective interest rate		7.85%
Maturity date		Mar. 20, 2028
Debt issuance cost	24,000
Remaining borrowing capacity	$ 0	$ 0

Operating Leases - Additional I

Operating Leases - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Mar. 19, 2020
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 1,145,549	$ 755,494	$ 3,176,709	$ 2,101,770
Operating lease, required monthly payments			3,824
Current operating lease liabilities	2,834,052		2,834,052		$ 2,632,995	$ 3,300,000
Operating lease renewal term						7 years
Entity in Western United States
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 58,929	58,929	$ 176,786	176,796
Railcars | Minimum
Lessee, Lease, Description [Line Items]
Operating lease term	3 years		3 years
Railcars | Maximum
Lessee, Lease, Description [Line Items]
Operating lease term	12 years		12 years
Machinery and equipment
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 13,263	$ 9,446	$ 37,451	$ 70,521
Machinery and equipment | Minimum
Lessee, Lease, Description [Line Items]
Operating lease term	3 days		3 days
Machinery and equipment | Maximum
Lessee, Lease, Description [Line Items]
Operating lease term	7 days		7 days

Operating Leases - Schedule of

Operating Leases - Schedule of Operating Leases (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) railcar
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	626
Monthly Payment | $	$ 364,313
American Railcar Leasing, Maturity Date May 31, 2024
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	13
Monthly Payment | $	$ 7,150
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 Oct 31, 2026
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	15
Monthly Payment | $	$ 8,250
Farm Credit Leasing, Maturity Date Aug 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 Sep 30, 2033
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	9
Monthly Payment | $	$ 4,624
Farm Credit Leasing, Maturity Date June 30, 2034
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	23
Monthly Payment | $	$ 13,863
Farm Credit Leasing, Maturity Date July 31, 2034
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	30
Monthly Payment | $	$ 30,422
Farm Credit Leasing, Maturity Date September 30, 2034
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	20
Monthly Payment | $	$ 21,668
Farm Credit Leasing, Maturity Date March 31, 2035
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	100
Monthly Payment | $	$ 81,466
GATX Corporation, Maturity Date Jun 30, 2024
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	14
Monthly Payment | $	$ 4,200
Trinity Capital, Maturity Date Oct 31, 2023 With Monthly Payment $17255
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	29
Monthly Payment | $	$ 17,255
Trinity Capital, Maturity Date Oct 31, 2023 With Monthly Payment $11900
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	20
Monthly Payment | $	$ 11,900
Trinity Capital, Maturity Date May 31, 2026 With Monthly Payment $10440
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	2
Monthly Payment | $	$ 980
Wells Fargo Rail, Maturity Date Dec 31, 2022
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	105
Monthly Payment | $	$ 49,875
Wells Fargo Rail, Maturity Date Feb 28, 2027
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	109
Monthly Payment | $	$ 51,775
Wells Fargo Rail, Maturity Date Apr 30, 2027 With Monthly Payment $2765
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	7
Monthly Payment | $	$ 2,765
Wells Fargo Rail, Maturity Date Apr 30, 2027 With Monthly Payment $5925
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	15
Monthly Payment | $	$ 5,925

Operating Leases - Components o

Operating Leases - Components of Operating Lease Costs (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 1,217,741	$ 823,869	$ 3,390,946	$ 2,349,087
Cost of revenues - Freight and rail
Lessee, Lease, Description [Line Items]
Operating lease costs	1,145,549	755,494	3,176,709	2,101,770
Cost of revenues - Production
Lessee, Lease, Description [Line Items]
Operating lease costs	67,735	62,411	201,528	230,155
Administration expenses
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 4,457	$ 5,964	$ 12,709	$ 17,162

Operating Leases - Supplemental

Operating Leases - Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 1,024,713	$ 667,523	$ 3,100,471	$ 1,948,114
Right-of-use assets obtained in exchange for lease liabilities	$ 41,523	$ 3,511,694	$ 8,956,408	$ 8,440,866

Operating Leases - Additional L

Operating Leases - Additional Lease Information (Details)	Sep. 30, 2023
Leases [Abstract]
Weighted-average remaining lease-term - operating leases (in years)	9 years 6 months
Weighted-average discount rate - operating leases	4.20%

Operating Leases - Maturity Ana

Operating Leases - Maturity Analysis of Undiscounted Cash Flows of Operating Lease Liabilities (Details)	Sep. 30, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Twelve-month periods ended September 30, 2021	$ 4,055,519
Twelve-month periods ended September 30, 2022	3,915,489
Twelve-month periods ended September 30, 2023	3,870,665
Twelve-month periods ended September 30, 2024	3,261,614
Twelve-month periods ended September 30, 2025	2,922,958
Thereafter	14,001,813
Total lease payments	32,028,058
Less amount of lease payments representing interest	(5,629,606)
Total present value of lease payments	26,398,452
Railcars
Lessee, Lease, Description [Line Items]
Twelve-month periods ended September 30, 2021	4,009,844
Twelve-month periods ended September 30, 2022	3,885,689
Twelve-month periods ended September 30, 2023	3,847,869
Twelve-month periods ended September 30, 2024	3,241,704
Twelve-month periods ended September 30, 2025	2,913,749
Thereafter	14,001,813
Total lease payments	31,900,668
Less amount of lease payments representing interest	(5,617,760)
Total present value of lease payments	26,282,908
Other
Lessee, Lease, Description [Line Items]
Twelve-month periods ended September 30, 2021	45,675
Twelve-month periods ended September 30, 2022	29,800
Twelve-month periods ended September 30, 2023	22,796
Twelve-month periods ended September 30, 2024	19,910
Twelve-month periods ended September 30, 2025	9,209
Thereafter	0
Total lease payments	127,390
Less amount of lease payments representing interest	(11,846)
Total present value of lease payments	$ 115,544

Member Distribution (Details Te

Member Distribution (Details Textual) - USD ($) $ / shares in Units, $ in Millions		9 Months Ended
	Feb. 02, 2021	Sep. 30, 2023
Member Distribution [Abstract]
Declaration date		Jan. 31, 2023
Cash distributions paid	$ 36.5
Distributions paid, per unit (USD per share)	$ 1.20
Distribution date		Feb. 02, 2023

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative assets (liabilities), at fair value, net	$ (209,692)		$ (209,692)		$ (9,059,941)
Gains (losses) recorded in cost of goods sold related to commodity derivative instruments	$ 6,825,096	$ 5,591,580	$ 17,621,666	$ 12,864,652

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Derivatives not designated as hedging instruments:
Asset Derivatives		$ 10,245,404	$ 10,950,831
Liability Derivatives		$ 10,455,096	20,010,772
Commodity contracts
Derivatives not designated as hedging instruments:
Balance Sheet Classification	Current Assets/Liabilities	Current Assets/Liabilities
Asset Derivatives		$ 10,135,021	9,716,111
Liability Derivatives		$ 10,239,346	19,820,839
Foreign exchange contracts
Derivatives not designated as hedging instruments:
Balance Sheet Classification	Current Assets/Liabilities	Current Assets/Liabilities
Asset Derivatives		$ 91,905	77,983
Liability Derivatives		$ 156,936	53,267
Interest rate caps and floors
Derivatives not designated as hedging instruments:
Balance Sheet Classification	Current Assets/Liabilities	Current Assets/Liabilities
Asset Derivatives		$ 18,478	1,156,737
Liability Derivatives		$ 58,814	$ 136,666

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	$ 6,825,096	$ 5,591,580	$ 17,621,666	$ 12,864,652
Commodity contracts
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	6,839,239	5,265,221	16,891,008	12,094,077
Foreign exchange contracts
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	(35,696)	(21,642)	877,402	(363,180)
Interest rate caps and floors
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	$ 21,553	$ 348,001	$ (146,744)	$ 1,133,755

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Financial assets:
Inventory	$ 91,240,342	$ 133,543,821
Margin deposits (deficits)	3,499,900
Margin deposits	3,499,900	5,603,930
Commodity contracts
Financial assets:
Commodity derivative instruments	(209,692)	(9,059,941)
Fair Value, Inputs, Level 1
Financial assets:
Inventory	0	0
Margin deposits (deficits)	3,499,900
Margin deposits		5,603,930
Fair Value, Inputs, Level 1 | Commodity contracts
Financial assets:
Commodity derivative instruments	(209,692)	(9,059,941)
Fair Value, Inputs, Level 2
Financial assets:
Inventory	91,240,342	133,543,821
Margin deposits (deficits)	0
Margin deposits		0
Fair Value, Inputs, Level 2 | Commodity contracts
Financial assets:
Commodity derivative instruments	0	0
Fair Value, Inputs, Level 3
Financial assets:
Inventory	0	0
Margin deposits (deficits)	0
Margin deposits		0
Fair Value, Inputs, Level 3 | Commodity contracts
Financial assets:
Commodity derivative instruments	$ 0	$ 0

Related Party Transactions (Det

Related Party Transactions (Details) - Related Party - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Due to related parties	$ 2,914,118	$ 4,976,885	$ 8,146,985	$ 13,126,037
Due from related parties	$ 1,133,759		$ 1,133,759		$ 1,433,551

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Long-term Purchase Commitment [Line Items]
Unpaid commitments for construction and acquisition of property and equipment	$ 115,000
Capital Addition Purchase Commitments
Long-term Purchase Commitment [Line Items]
Commitment to facilitate construction	$ 111,300