South Dakota Soybean Processors (SDSYA) 10-Q 12 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 12, 2024
Cover [Abstract]
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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	2024
Document Fiscal Period Focus	Q2
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 ($)	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 98,723,668	$ 72,910,336
Trade accounts receivable	34,608,445	43,548,706
Inventories	78,033,416	72,045,951
Commodity derivative instruments	8,165,256	10,334,681
Margin deposits	2,311,049	1,342,978
Prepaid expenses	4,201,466	5,621,052
Total current assets	226,043,300	205,803,704
Property and equipment	316,268,831	246,347,535
Less accumulated depreciation	(74,406,025)	(71,419,705)
Total property and equipment, net	241,862,806	174,927,830
Other assets
Investments in related parties	15,073,570	13,637,150
Investments in cooperatives	1,797,563	1,737,862
Right-of-use lease asset, net	27,504,427	28,297,874
Other Assets, Noncurrent	656,000	336,500
Total other assets	45,031,560	44,009,386
Total assets	512,937,666	424,740,920
Current liabilities
Excess of outstanding checks over bank balance	8,825,038	15,728,259
Current maturities of long-term debt	10,200,000	0
Note payable - seasonal loan	32,365,300	0
Current operating lease liabilities	2,838,848	2,798,561
Accounts payable	14,639,303	7,462,996
Accrued commodity purchases	37,713,905	66,240,599
Commodity derivative instruments	6,575,302	5,939,687
Accrued expenses	3,521,790	6,700,564
Accrued interest	543,090	19,171
Deferred liabilities - current	998,467	737,503
Total current liabilities	118,221,043	105,627,340
Long-term liabilities
Long-term debt, net of current maturities	45,600,000	0
Long-term operating lease liabilities	22,112,007	22,827,885
Deferred liabilities	95,094	54,094
Total long-term liabilities	67,807,101	22,881,979
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 June 30, 2024 and December 31, 2023	169,464,317	197,494,454
Partners' Capital Attributable to Noncontrolling Interest	157,445,205	98,737,147
Total liabilities and members' equity	512,937,666	424,740,920
Partners' Capital, Including Portion Attributable to Noncontrolling Interest	326,909,522	$ 296,231,601
Capital Unit, Class A
Members' equity
Class A Units, no par value, 30,411,500 units issued and     outstanding on June 30, 2024 and December 31, 2023	$ 169,464,317

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets [Parenthetical] - Capital Unit, Class A - shares	Jun. 30, 2024	Dec. 31, 2023
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net revenues	$ 149,716,835	$ 184,939,386	$ 297,977,739	$ 356,852,694
Cost of revenues:
Production	9,430,701	9,681,528	18,818,013	20,400,505
Brokerage fees	224,620	209,802	407,286	399,082
Total cost of revenues	141,155,491	172,786,232	282,080,346	320,055,969
Gross profit	8,561,344	12,153,154	15,897,393	36,796,725
Operating expenses:
Administration	1,503,055	1,410,507	3,137,428	2,988,459
Operating income	7,058,289	10,742,647	12,759,965	33,808,266
Other income (expense):
Interest expense	(1,919,069)	(1,057,190)	(3,373,060)	(1,977,298)
Other non-operating income (expense)	1,497,166	20,079	2,898,578	(75,967)
Patronage dividend income	0	0	429,888	693,047
Total other income (expense)	(421,903)	(1,037,111)	(44,594)	(1,360,218)
Net income	6,636,386	9,705,536	12,715,371	32,448,048
Net income attributable to non-controlling interests in consolidating entities	606,027	0	1,210,558	0
Net income attributable to Company	$ 6,030,359	$ 9,705,536	$ 11,504,813	$ 32,448,048
Basic and Diluted Loss Per Capital Unit [Abstract]
Earnings Per Share, Basic	$ 0.20	$ 0.32	$ 0.38	$ 1.07
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
Product
Cost of revenues:
Cost of products and services	$ 119,082,853	$ 150,798,392	$ 239,205,792	$ 275,037,094
Freight and rail
Cost of revenues:
Cost of products and services	$ 12,417,317	$ 12,096,510	$ 23,649,255	$ 24,219,288

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, 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	32,448,048		32,448,048
Distribution to members	$ (36,493,800)
Liquidation of members' equity (in shares)	0
Liquidation of members' equity	$ 0		$ 0
Ending Balances (in shares) at Jun. 30, 2023			30,411,500
Ending Balances at Jun. 30, 2023			$ 159,492,924
Ending Balances at Jun. 30, 2023	159,492,924	0
Beginning Balances (in shares) at Dec. 31, 2023			30,411,500
Beginning Balances at Dec. 31, 2023	197,494,454
Beginning Balances at Dec. 31, 2023	296,231,601	98,737,147
Net income	12,715,371	1,210,558	$ 11,504,813
Distribution to members	$ (39,534,950)		(39,534,950)
Liquidation of members' equity (in shares)	0
Liquidation of members' equity	$ (2,500)		$ 0
Issuance of new capital units in consolidated entities	57,500,000	57,500,000
Ending Balances (in shares) at Jun. 30, 2024			30,411,500
Ending Balances at Jun. 30, 2024	169,464,317		$ 169,464,317
Ending Balances at Jun. 30, 2024	$ 326,909,522	$ 157,445,205

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities
Net income	$ 12,715,371	$ 32,448,048
Charges and credits to net income not affecting cash:
Depreciation and amortization	3,023,367	2,853,735
Net (gain) loss recognized on derivative activities	995,622	(10,796,570)
Loss (gain) on sale of property and equipment	0	(31,530)
Non-cash patronage dividends	(59,701)	(32,313)
Change in current assets and liabilities	(19,810,614)	(5,768,095)
Net cash provided by (used for) operating activities	(3,135,955)	18,673,275
Investing activities
Increase in other assets	(319,500)	(240,250)
Proceeds from sales of property and equipment	0	100,000
Purchase of property and equipment	(69,958,342)	(4,908,953)
Net cash used for investing activities	(70,277,842)	(20,743,505)
Financing activities
Change in excess of outstanding checks over bank balances	(6,903,221)	(1,181,372)
Net proceeds from seasonal borrowings	32,365,300	36,298,530
Proceeds from issuance of capital units	57,500,000	0
Distributions to members	(39,534,950)	(36,493,800)
Proceeds from long-term debt	56,400,000	6,581,850
Principal payments on long-term debt	(600,000)	(3,431,194)
Net cash provided by financing activities	99,227,129	1,774,014
Net change in cash and cash equivalents	25,813,332	(296,216)
Cash and cash equivalents, beginning of period	72,910,336	866,699
Cash and cash equivalents, end of period	98,723,668	570,483
Supplemental disclosures of cash flow information
Interest	2,849,141	1,802,345
Income taxes	0	0
Soybean meal contributed as investment in related party	1,436,420	1,436,420
Liquidation of members' equity	(2,500)	0
Purchase of investments	$ 0	$ (15,694,302)

Principal Activity and Signific

Principal Activity and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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, 2023 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, 2023, included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on March 22, 2024. Principles of consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its controlled 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 $998,467 and $737,503 as of June 30, 2024 and December 31, 2023, respectively. Of the $737,503 balance as of December 31, 2023, the Company recognized $133,935 and $486,290 as revenues for the three and six months ended June 30, 2024, respectively. Of the $1,074,059 customer prepayments as of December 31, 2022, the Company recognized $104,792 and $828,245 of contract liabilities as revenues during the three and six months ended June 30, 2023, respectively. The following table presents a disaggregation of revenue from contracts with customers for the three and six-month periods ended June 30, 2024 and 2023, by product type: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Soybean meal and hulls $ 85,687,691 $ 100,273,935 $ 169,085,734 $ 197,397,787 Soybean oil and oil byproducts 64,029,144 84,665,451 128,892,005 159,454,907 Totals $ 149,716,835 $ 184,939,386 $ 297,977,739 $ 356,852,694 Recent accounting pronouncements Any recent accounting pronouncements are not expected to have a material impact on our condensed financial statements.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2024
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. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering customers' financial condition, credit history, current and future economic conditions, and unusual circumstances, if any. The following table presents the aging analysis of trade receivables as of June 30, 2024 and December 31, 2023: June 30, December 31, Past due: Less than 30 days past due $ 7,341,255 $ 11,438,298 30-60 days past due 300,082 1,425,727 60-90 days past due 108,364 114,387 Greater than 90 days past due 137,845 56,028 Total past due 7,887,546 13,034,440 Current 26,720,899 30,514,266 Totals $ 34,608,445 $ 43,548,706 The following table provides information regarding the Company's allowance for credit losses as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Balances, beginning of period $ — $ — Amounts charged (credited) to costs and expenses (41,557) — Additions (deductions) 41,557 — 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	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories The Company’s inventories consist of the following on June 30, 2024 and December 31, 2023: June 30, December 31, Finished goods $ 40,765,867 $ 32,772,392 Raw materials 36,795,804 38,730,545 Supplies & miscellaneous 471,745 543,014 Totals $ 78,033,416 $ 72,045,951 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	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and December 31, 2023: June 30, December 31, Prairie AquaTech, LLC 1,553,727 1,553,727 Prairie AquaTech Investments, LLC 5,000,000 5,000,000 Prairie AquaTech Manufacturing, LLC 8,519,843 7,083,423 Totals $ 15,073,570 $ 13,637,150 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 six months ended June 30, 2024 and 2023, respectively, to be used in the entity's operations. In February 2022, the Company announced its plans to construct a multi-seed processing plant near Mitchell, South Dakota. In September 2022, the Company entered into a capital contribution and commitment agreement with High Plains Partners, LLC. Per the agreement, the Company transferred 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 $81.4 million for 19,454 Class B capital units in the entity. As of June 30, 2024, the Company had contributed $86.4 million towards the project. 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 presented and had no effect on previously reported net income. As of June 30, 2024, High Plains Partners, HPP SD Holdings, and High Plains Processing, LLC received a total of $155.6 million in proceeds from the issuance from capital units.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following is a summary of the Company's property and equipment at June 30, 2024 and December 31, 2023: 2024 2023 Cost Accumulated Depreciation Net Net Land $ 516,326 $ — $ 516,326 $ 516,326 Land improvements 2,759,442 (1,313,461) 1,445,981 1,527,776 Buildings and improvements 29,580,386 (12,356,954) 17,223,432 17,629,613 Machinery and equipment 97,556,442 (58,794,908) 38,761,534 40,837,043 Railroad cars 10,411,185 (785,614) 9,625,571 9,729,683 Company vehicles 224,846 (119,517) 105,329 9,532 Furniture and fixtures 1,829,179 (1,035,571) 793,608 581,676 Construction in progress 173,391,025 — 173,391,025 104,096,181 Totals $ 316,268,831 $ (74,406,025) $ 241,862,806 $ 174,927,830 Depreciation of property and equipment was $1,519,233 and $1,437,218 for the three months ended June 30, 2024 and 2023, respectively, and $3,023,367 and $2,851,294 for the six months ended June 30, 2024 and 2023, respectively.

Note Payable - Seasonal Loan

Note Payable - Seasonal Loan	6 Months Ended
	Jun. 30, 2024
Notes Payable Seasonal Loan [Abstract]
Note Payable - Seasonal Loan	Note Payable – Seasonal Loan The 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 (7.56% as of June 30, 2024). The Company pays a 0.20% annual commitment fee on any funds not borrowed. There were advances outstanding of $32,365,300 and $0 as of June 30, 2024 and December 31, 2023, respectively. The remaining available funds to borrow under the terms of the revolving credit agreement were $52.6 million as of June 30, 2024.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt The following is a summary of the Company's long-term debt on June 30, 2024 and December 31, 2023: June 30, December 31, Revolving term loan from CoBank, interest at variable rates (7.86% and 7.85% on June 30, 2024 and December 31, 2023, respectively), secured by substantially all property and equipment. The loan matures on March 20, 2026. $ 10,800,000 $ — Note payable to CoBank, interest at variable rates (7.86% and 7.85% at June 30, 2024 and December 31, 2023, respectively), secured by substantially all property and equipment. Note matures March 20, 2028. 45,000,000 — Total debt before debt issuance costs 55,800,000 55800000 — Less current maturities (10,200,000) — Total long-term debt $ 45,600,000 $ — 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 million on the revolving term loan with a variable effective interest rate of 7.86%. 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 $10.8 million and $0 as of June 30, 2024 and December 31, 2023, respectively. There were no remaining commitments available to borrow on the revolving term loan as of June 30, 2024. On September 20, 2023, the Company entered into note payable to CoBank to borrow up to $90.0 million until October 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 $4.5 million beginning October 20, 2024 until the note's maturity on March 20, 2028. The principal balance outstanding on the note payable was $45.0 million and $0 as of June 30, 2024 and December 31, 2023, respectively. There was $45.0 million available to borrow on the note payable as of June 30, 2024. 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 June 30, 2024. The following are minimum principal payments on long-term debt obligations for the twelve-month periods ending June 30: 2025 $ 10,200,000 2026 10,200,000 2027 10,200,000 2028 25,200,000 Total $ 55,800,000

Operating Leases (Notes)

Operating Leases (Notes)	6 Months Ended
	Jun. 30, 2024
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 $1,257,629 and $1,151,009 for the three months ended June 30, 2024 and 2023, respectively, and $2,329,352 and $2,031,160 for the six months ended June 30, 2024 and 2023, respectively. The following is a schedule of the Company's operating leases for railcars as of June 30, 2024: Lessor Quantity of Commencement Maturity Monthly 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 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 Farm Credit Leasing 10 3/1/2024 2/29/2036 7,427 Trinity Capital 2 6/1/2021 5/31/2026 980 Wells Fargo Rail 109 3/1/2022 2/28/2027 51,775 Lessor Quantity of Commencement Maturity Monthly 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 49,875 560 $ 331,235 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 $5,336. Lease expense under these other operating leases was $17,565 and $12,969 for the three months ended June 30, 2024 and 2023, respectively, and $28,837 and $24,188 for the six-month periods ended June 30, 2024 and 2023, 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 $58,928 for each of the three-month periods ended June 30, 2024 and 2023, and $117,857 for each of the six-month periods ended June 30, 2024 and 2023, 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 consolidated 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 consolidated 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 consolidated statements of operations for the three and six-month periods ended June 30, 2024 and 2023 were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenues - Freight and rail $ 1,257,629 $ 1,151,009 $ 2,329,352 $ 2,031,160 Cost of revenues - Production 72,734 68,151 138,443 133,793 Administration expenses 3,759 3,746 8,251 8,252 Total operating lease costs $ 1,334,122 $ 1,222,906 $ 2,476,046 $ 2,173,205 The following summarizes the supplemental cash flow information for the three and six-month periods ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities $ 1,037,818 $ 1,200,470 $ 2,062,189 $ 2,075,758 Supplemental non-cash information: Right-of-use assets obtained in exchange for lease liabilities $ 15,436 $ — $ 847,407 $ 8,914,885 The following summarizes the weighted-average remaining lease term and weighted-average discount rate as of June 30, 2024: Weighted-average remaining lease-term - operating leases (in years) 9.0 Weighted-average discount rate - operating leases 4.3 % The following is a maturity analysis of the undiscounted cash flows of the operating lease liabilities as of June 30, 2024: Railcars Other Total Twelve-month periods ended June 30: 2025 $ 3,974,817 $ 53,001 $ 4,027,818 2026 3,973,837 42,185 4,016,022 2027 3,536,977 38,064 3,575,041 2028 3,002,877 31,501 3,034,378 2029 3,002,877 18,377 3,021,254 Thereafter 12,410,692 — 12,410,692 Total lease payments 29,902,077 183,128 30,085,205 Less amount of lease payments representing interest (5,111,924) (22,426) (5,134,350) Total present value of lease payments $ 24,790,153 $ 160,702 $ 24,950,855

Member Distribution

Member Distribution	6 Months Ended
	Jun. 30, 2024
Member Distribution [Abstract]
Member Distribution	Member Distribution On January 30, 2024, the Company’s Board of Managers approved a cash distribution of approximately $39.5 million, or $1.30 per capital unit. The distribution was paid in accordance with the Company’s operating agreement and distribution policy on February 1, 2024.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2024
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 consolidated balance sheets at fair value as discussed in Note 11, Fair Value. As of June 30, 2024 and December 31, 2023, the net value of the Company’s open futures, options and forward contracts was $1,589,954 and $4,394,994, respectively. As of June 30, 2024 Balance Sheet Classification Asset Derivatives Liability Derivatives Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 8,101,465 $ 6,435,660 Foreign exchange contracts Current Assets/Liabilities 63,791 110,923 Interest rate caps and floors Current Assets/Liabilities — 28,719 Totals $ 8,165,256 $ 6,575,302 As of December 31, 2023 Balance Sheet Classification Asset Derivatives Liability Derivatives Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 10,178,089 $ 5,584,506 Foreign exchange contracts Current Assets/Liabilities 156,592 284,879 Interest rate caps and floors Current Assets/Liabilities — 70,302 Totals $ 10,334,681 $ 5,939,687 During the three and six-month periods ended June 30, 2024 and 2023, net realized and unrealized gains (losses) on derivative transactions were recognized in the condensed consolidated statements of operations as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Derivatives not designated as hedging instruments: Commodity contracts $ (2,512,325) $ (3,774,597) $ (1,097,506) $ 10,051,769 Foreign exchange contracts 14,435 98,777 60,301 913,098 Interest rate swaps, caps and floors 5,836 (11,223) 41,583 (168,297) Totals $ (2,492,054) $ (3,687,043) $ (995,622) $ 10,796,570 The Company recorded gains (losses) in cost of goods sold related to its commodity derivative instruments of $(2,492,054) and $(3,687,043) for the three months ended June 30, 2024 and 2023, respectively, and $(995,622) and $10,796,570 for the six-month periods ended June 30, 2024 and 2023, respectively.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and December 31, 2023: Fair Value as of June 30, 2024 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 76,964,340 $ — $ 76,964,340 Commodity derivative instruments $ 1,589,954 $ — $ — $ 1,589,954 Margin deposits (deficits) $ 2,311,049 $ — $ — $ 2,311,049 Fair Value as of December 31, 2023 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 70,872,435 $ — $ 70,872,435 Commodity derivative instruments $ 4,394,994 $ — $ — $ 4,394,994 Margin deposits $ 1,342,978 $ — $ — $ 1,342,978 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 condensed consolidated 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)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The 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 $3,415,179 and $2,285,001 for the three months ended June 30, 2024 and 2023, respectively, and $7,437,115 and $5,232,867 during the six months ended June 30, 2024 and 2023, respectively. As of June 30, 2024 and December 31, 2023, Prairie AquaTech, LLC and Prairie AquaTech Manufacturing, LLC owed the Company $776,699 and $1,216,699, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Contingencies The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to certain limits. At June 30, 2024 and December 31, 2023, the Company had approximately $118.5 million and $34.1 million, respectively, in excess of FDIC insured limits. The Company has not experienced any losses in such accounts. As of June 30, 2024, the Company had unpaid commitments of approximately $242.3 million for construction and acquisition of property and equipment, all of which are expected to be incurred by June 30, 2025. 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	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event The 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 6,030,359	$ 9,705,536	$ 11,504,813	$ 32,448,048

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
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)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
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 $998,467 and $737,503 as of June 30, 2024 and December 31, 2023, respectively. Of the $737,503 balance as of December 31, 2023, the Company recognized $133,935 and $486,290 as revenues for the three and six months ended June 30, 2024, respectively. Of the $1,074,059 customer prepayments as of December 31, 2022, the Company recognized $104,792 and $828,245 of contract liabilities as revenues during the three and six months ended June 30, 2023, 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 controlled 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)	6 Months Ended
	Jun. 30, 2024
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 six-month periods ended June 30, 2024 and 2023, by product type: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Soybean meal and hulls $ 85,687,691 $ 100,273,935 $ 169,085,734 $ 197,397,787 Soybean oil and oil byproducts 64,029,144 84,665,451 128,892,005 159,454,907 Totals $ 149,716,835 $ 184,939,386 $ 297,977,739 $ 356,852,694

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Past Due Financing Receivables	The following table presents the aging analysis of trade receivables as of June 30, 2024 and December 31, 2023: June 30, December 31, Past due: Less than 30 days past due $ 7,341,255 $ 11,438,298 30-60 days past due 300,082 1,425,727 60-90 days past due 108,364 114,387 Greater than 90 days past due 137,845 56,028 Total past due 7,887,546 13,034,440 Current 26,720,899 30,514,266 Totals $ 34,608,445 $ 43,548,706
Schedule of Allowance for Doubtful Accounts Receivable	The following table provides information regarding the Company's allowance for credit losses as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Balances, beginning of period $ — $ — Amounts charged (credited) to costs and expenses (41,557) — Additions (deductions) 41,557 — Balances, end of period $ — $ —

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	The Company’s inventories consist of the following on June 30, 2024 and December 31, 2023: June 30, December 31, Finished goods $ 40,765,867 $ 32,772,392 Raw materials 36,795,804 38,730,545 Supplies & miscellaneous 471,745 543,014 Totals $ 78,033,416 $ 72,045,951

Investments in Related Parties

Investments in Related Parties (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investments in Related Parties	The Company’s investments in related parties consist of the following on June 30, 2024 and December 31, 2023: June 30, December 31, Prairie AquaTech, LLC 1,553,727 1,553,727 Prairie AquaTech Investments, LLC 5,000,000 5,000,000 Prairie AquaTech Manufacturing, LLC 8,519,843 7,083,423 Totals $ 15,073,570 $ 13,637,150

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The following is a summary of the Company's property and equipment at June 30, 2024 and December 31, 2023: 2024 2023 Cost Accumulated Depreciation Net Net Land $ 516,326 $ — $ 516,326 $ 516,326 Land improvements 2,759,442 (1,313,461) 1,445,981 1,527,776 Buildings and improvements 29,580,386 (12,356,954) 17,223,432 17,629,613 Machinery and equipment 97,556,442 (58,794,908) 38,761,534 40,837,043 Railroad cars 10,411,185 (785,614) 9,625,571 9,729,683 Company vehicles 224,846 (119,517) 105,329 9,532 Furniture and fixtures 1,829,179 (1,035,571) 793,608 581,676 Construction in progress 173,391,025 — 173,391,025 104,096,181 Totals $ 316,268,831 $ (74,406,025) $ 241,862,806 $ 174,927,830

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The following is a summary of the Company's long-term debt on June 30, 2024 and December 31, 2023: June 30, December 31, Revolving term loan from CoBank, interest at variable rates (7.86% and 7.85% on June 30, 2024 and December 31, 2023, respectively), secured by substantially all property and equipment. The loan matures on March 20, 2026. $ 10,800,000 $ — Note payable to CoBank, interest at variable rates (7.86% and 7.85% at June 30, 2024 and December 31, 2023, respectively), secured by substantially all property and equipment. Note matures March 20, 2028. 45,000,000 — Total debt before debt issuance costs 55,800,000 55800000 — Less current maturities (10,200,000) — Total long-term debt $ 45,600,000 $ —
Schedule of Maturities of Long-term Debt	The following are minimum principal payments on long-term debt obligations for the twelve-month periods ending June 30: 2025 $ 10,200,000 2026 10,200,000 2027 10,200,000 2028 25,200,000 Total $ 55,800,000

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Operating Leases for Railcars	The following is a schedule of the Company's operating leases for railcars as of June 30, 2024: Lessor Quantity of Commencement Maturity Monthly 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 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 Farm Credit Leasing 10 3/1/2024 2/29/2036 7,427 Trinity Capital 2 6/1/2021 5/31/2026 980 Wells Fargo Rail 109 3/1/2022 2/28/2027 51,775 Lessor Quantity of Commencement Maturity Monthly 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 49,875 560 $ 331,235
Lease Cost, Supplemental Cash Flow Information and Weighted-average Lease Terms and Discount Rates	The components of lease costs recognized within our condensed consolidated statements of operations for the three and six-month periods ended June 30, 2024 and 2023 were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenues - Freight and rail $ 1,257,629 $ 1,151,009 $ 2,329,352 $ 2,031,160 Cost of revenues - Production 72,734 68,151 138,443 133,793 Administration expenses 3,759 3,746 8,251 8,252 Total operating lease costs $ 1,334,122 $ 1,222,906 $ 2,476,046 $ 2,173,205 The following summarizes the supplemental cash flow information for the three and six-month periods ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities $ 1,037,818 $ 1,200,470 $ 2,062,189 $ 2,075,758 Supplemental non-cash information: Right-of-use assets obtained in exchange for lease liabilities $ 15,436 $ — $ 847,407 $ 8,914,885 The following summarizes the weighted-average remaining lease term and weighted-average discount rate as of June 30, 2024: Weighted-average remaining lease-term - operating leases (in years) 9.0 Weighted-average discount rate - operating leases 4.3 %
Lessee, Operating Lease, Liability, Maturity	The following is a maturity analysis of the undiscounted cash flows of the operating lease liabilities as of June 30, 2024: Railcars Other Total Twelve-month periods ended June 30: 2025 $ 3,974,817 $ 53,001 $ 4,027,818 2026 3,973,837 42,185 4,016,022 2027 3,536,977 38,064 3,575,041 2028 3,002,877 31,501 3,034,378 2029 3,002,877 18,377 3,021,254 Thereafter 12,410,692 — 12,410,692 Total lease payments 29,902,077 183,128 30,085,205 Less amount of lease payments representing interest (5,111,924) (22,426) (5,134,350) Total present value of lease payments $ 24,790,153 $ 160,702 $ 24,950,855

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Derivatives Assets and Liabilities Not Designated As Hedging Instruments	As of June 30, 2024 and December 31, 2023, the net value of the Company’s open futures, options and forward contracts was $1,589,954 and $4,394,994, respectively. As of June 30, 2024 Balance Sheet Classification Asset Derivatives Liability Derivatives Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 8,101,465 $ 6,435,660 Foreign exchange contracts Current Assets/Liabilities 63,791 110,923 Interest rate caps and floors Current Assets/Liabilities — 28,719 Totals $ 8,165,256 $ 6,575,302 As of December 31, 2023 Balance Sheet Classification Asset Derivatives Liability Derivatives Derivatives not designated as hedging instruments: Commodity contracts Current Assets/Liabilities $ 10,178,089 $ 5,584,506 Foreign exchange contracts Current Assets/Liabilities 156,592 284,879 Interest rate caps and floors Current Assets/Liabilities — 70,302 Totals $ 10,334,681 $ 5,939,687
Schedule Of Derivative Instruments, Net Realized and Unrealized Gain (Loss) On Derivatives Not Designated As Hedging Instruments	During the three and six-month periods ended June 30, 2024 and 2023, net realized and unrealized gains (losses) on derivative transactions were recognized in the condensed consolidated statements of operations as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Derivatives not designated as hedging instruments: Commodity contracts $ (2,512,325) $ (3,774,597) $ (1,097,506) $ 10,051,769 Foreign exchange contracts 14,435 98,777 60,301 913,098 Interest rate swaps, caps and floors 5,836 (11,223) 41,583 (168,297) Totals $ (2,492,054) $ (3,687,043) $ (995,622) $ 10,796,570

Fair Value of Financial Instrum

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and December 31, 2023: Fair Value as of June 30, 2024 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 76,964,340 $ — $ 76,964,340 Commodity derivative instruments $ 1,589,954 $ — $ — $ 1,589,954 Margin deposits (deficits) $ 2,311,049 $ — $ — $ 2,311,049 Fair Value as of December 31, 2023 Level 1 Level 2 Level 3 Total Financial assets: Inventory $ — $ 70,872,435 $ — $ 70,872,435 Commodity derivative instruments $ 4,394,994 $ — $ — $ 4,394,994 Margin deposits $ 1,342,978 $ — $ — $ 1,342,978

Principal Activity and Signif_4

Principal Activity and Significant Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred revenue	$ 998,467		$ 998,467		$ 737,503	$ 1,074,059
Contract with customer, revenue recognized	133,935	$ 104,792	486,290	$ 828,245
Long-term liabilities	67,807,101		67,807,101		22,881,979
Present value of remaining lease payments	30,085,205		30,085,205
Right-of-use asset	$ 27,504,427		$ 27,504,427		$ 28,297,874

Principal Activity and Signif_5

Principal Activity and Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 149,716,835	$ 184,939,386	$ 297,977,739	$ 356,852,694
Soybean meal and hulls
Disaggregation of Revenue [Line Items]
Revenue	85,687,691	100,273,935	169,085,734	197,397,787
Soybean oil and oil byproducts
Disaggregation of Revenue [Line Items]
Revenue	$ 64,029,144	$ 84,665,451	$ 128,892,005	$ 159,454,907

Accounts Receivable - Aging of

Accounts Receivable - Aging of Past Due Receivables (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Accounts receivable	$ 34,608,445	$ 43,548,706
Less than 30 days past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	7,341,255	11,438,298
30-60 days past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	300,082	1,425,727
60-90 days past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	108,364	114,387
Greater than 90 days past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	137,845	56,028
Total past due
Financing Receivable, Past Due [Line Items]
Accounts receivable	7,887,546	13,034,440
Current
Financing Receivable, Past Due [Line Items]
Accounts receivable	$ 26,720,899	$ 30,514,266

Accounts Receivable - Allowance

Accounts Receivable - Allowance for Doubtful Accounts Receivable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balances, beginning of period	$ 0	$ 0
Amounts charged (credited) to costs and expenses	(41,557)	0
Additions (deductions)	41,557	$ 0
Balances, end of period	$ 0

Accounts Receivable (Details Te

Accounts Receivable (Details Textual)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Percentage of late fee on past due receivables	1.50%

Inventories (Details)

Inventories (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 40,765,867	$ 32,772,392
Raw materials	36,795,804	38,730,545
Supplies & miscellaneous	471,745	543,014
Totals	$ 78,033,416	$ 72,045,951

Investments in Related Partie_2

Investments in Related Parties - Schedule of Investments (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Equity Securities without Readily Determinable Fair Value [Line Items]
Totals	$ 15,073,570	$ 13,637,150
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	8,519,843	7,083,423
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	6 Months Ended		18 Months Ended
	Sep. 01, 2023	Sep. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
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			57,500,000	$ 0	$ 155,600,000
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
Additional contribution commitment		$ 81,400,000
Total project contributions			$ 86,400,000
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)		19,454

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Cost	$ 316,268,831	$ 246,347,535
Accumulated Depreciation	(74,406,025)	(71,419,705)
Total property and equipment, net	241,862,806	174,927,830
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	2,759,442
Accumulated Depreciation	(1,313,461)
Total property and equipment, net	1,445,981	1,527,776
Buildings and improvements
Property, Plant and Equipment [Line Items]
Cost	29,580,386
Accumulated Depreciation	(12,356,954)
Total property and equipment, net	17,223,432	17,629,613
Machinery and equipment
Property, Plant and Equipment [Line Items]
Cost	97,556,442
Accumulated Depreciation	(58,794,908)
Total property and equipment, net	38,761,534	40,837,043
Railroad cars
Property, Plant and Equipment [Line Items]
Cost	10,411,185
Accumulated Depreciation	(785,614)
Total property and equipment, net	9,625,571	9,729,683
Company vehicles
Property, Plant and Equipment [Line Items]
Cost	224,846
Accumulated Depreciation	(119,517)
Total property and equipment, net	105,329	9,532
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Cost	1,829,179
Accumulated Depreciation	(1,035,571)
Total property and equipment, net	793,608	581,676
Construction in progress
Property, Plant and Equipment [Line Items]
Cost	173,391,025
Accumulated Depreciation	0
Total property and equipment, net	$ 173,391,025	$ 104,096,181

Property and Equipment (Detai_2

Property and Equipment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 1,519,233	$ 1,437,218	$ 3,023,367	$ 2,851,294

Note Payable - Seasonal Loan (D

Note Payable - Seasonal Loan (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Line of credit facility, expiration date	Oct. 01, 2024
Advances outstanding	$ 10,800,000	$ 0
Seasonal Loan
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 85,000,000
Interest rate	7.56%
Commitment fee percentage	0.20%
Advances outstanding	$ 32,365,300	$ 0
Remaining available funds to borrow	$ 52,600,000

Long-Term Debt - Debt Schedule

Long-Term Debt - Debt Schedule (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Revolving term loan from CoBank, interest at variable rates (7.86% and 7.85% on June 30, 2024 and December 31, 2023, respectively), secured by substantially all property and equipment. The loan matures on March 20, 2026.	$ 10,800,000	$ 0
Total debt before debt issuance costs	55,800,000	0
Less current maturities	(10,200,000)	0
Total long-term debt	45,600,000	0
Revolving Term Loan | Line of Credit
Debt Instrument [Line Items]
Revolving term loan from CoBank, interest at variable rates (7.86% and 7.85% on June 30, 2024 and December 31, 2023, respectively), secured by substantially all property and equipment. The loan matures on March 20, 2026.	$ 10,800,000	$ 0
Notes Payable | Notes Payable to Banks
Debt Instrument [Line Items]
Interest variable rate	7.86%	7.85%
Note payable to CoBank, interest at variable rates (7.86% and 7.85% at June 30, 2024 and December 31, 2023, respectively), secured by substantially all property and equipment. Note matures March 20, 2028.	$ 45,000,000	$ 0
Revolving Term Loan
Debt Instrument [Line Items]
Revolving term loan from CoBank, interest at variable rates (7.86% and 7.85% on June 30, 2024 and December 31, 2023, 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	7.86%	7.85%

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($)	3 Months Ended	6 Months Ended	41 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Mar. 20, 2028	Dec. 31, 2023
Line of Credit Facility [Line Items]
Advances outstanding	$ 10,800,000	$ 10,800,000		$ 0
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	45,000,000	45,000,000		$ 0
Line of credit facility, current borrowing capacity	45,000,000	45,000,000
Revolving Term Loan
Line of Credit Facility [Line Items]
Advances outstanding	12,000,000	$ 12,000,000
Variable effective interest rate		7.86%
Maturity date		Mar. 20, 2028
Debt issuance cost	24,000
Remaining borrowing capacity	$ 0	$ 0

Long-Term Debt - Maturities of

Long-Term Debt - Maturities of Long Term Debt (Details)	Jun. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 10,200,000
2026	10,200,000
2027	10,200,000
2028	25,200,000
Long-term Debt	$ 55,800,000

Operating Leases - Additional I

Operating Leases - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Mar. 19, 2020
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 1,257,629	$ 1,151,009	$ 2,329,352	$ 2,031,160
Operating lease, required monthly payments			5,336
Current operating lease liabilities	2,838,848		2,838,848		$ 2,798,561	$ 3,300,000
Operating lease renewal term						7 years
Entity in Western United States
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 58,928		$ 117,857
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	$ 17,565	$ 12,969	$ 28,837	$ 24,188
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)	6 Months Ended
	Jun. 30, 2024 USD ($) railcar
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	560
Monthly Payment | $	$ 331,235
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
Farm Credit Leasing, Maturity Date March 31, 2024
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	10
Monthly Payment | $	$ 7,427
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 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
Wells Fargo Rail, Maturity Date Dec 31, 2022
Lessee, Lease, Description [Line Items]
Quantity of Railcars | railcar	105
Monthly Payment | $	$ 49,875

Operating Leases - Components o

Operating Leases - Components of Operating Lease Costs (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 1,334,122	$ 1,222,906	$ 2,476,046	$ 2,173,205
Cost of revenues - Freight and rail
Lessee, Lease, Description [Line Items]
Operating lease costs	1,257,629	1,151,009	2,329,352	2,031,160
Cost of revenues - Production
Lessee, Lease, Description [Line Items]
Operating lease costs	72,734	68,151	138,443	133,793
Administration expenses
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 3,759	$ 3,746	$ 8,251	$ 8,252

Operating Leases - Supplemental

Operating Leases - Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 1,037,818	$ 1,200,470	$ 2,062,189	$ 2,075,758
Right-of-use assets obtained in exchange for lease liabilities	$ 15,436	$ 0	$ 847,407	$ 8,914,885

Operating Leases - Additional L

Operating Leases - Additional Lease Information (Details)	Jun. 30, 2024
Leases [Abstract]
Weighted-average remaining lease-term - operating leases (in years)	9 years
Weighted-average discount rate - operating leases	4.30%

Operating Leases - Maturity Ana

Operating Leases - Maturity Analysis of Undiscounted Cash Flows of Operating Lease Liabilities (Details)	Jun. 30, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Twelve-month periods ended September 30, 2021	$ 4,027,818
Twelve-month periods ended September 30, 2022	4,016,022
Twelve-month periods ended September 30, 2023	3,575,041
Twelve-month periods ended September 30, 2024	3,034,378
Twelve-month periods ended September 30, 2025	3,021,254
Thereafter	12,410,692
Total lease payments	30,085,205
Less amount of lease payments representing interest	(5,134,350)
Total present value of lease payments	24,950,855
Railcars
Lessee, Lease, Description [Line Items]
Twelve-month periods ended September 30, 2021	3,974,817
Twelve-month periods ended September 30, 2022	3,973,837
Twelve-month periods ended September 30, 2023	3,536,977
Twelve-month periods ended September 30, 2024	3,002,877
Twelve-month periods ended September 30, 2025	3,002,877
Thereafter	12,410,692
Total lease payments	29,902,077
Less amount of lease payments representing interest	(5,111,924)
Total present value of lease payments	24,790,153
Other
Lessee, Lease, Description [Line Items]
Twelve-month periods ended September 30, 2021	53,001
Twelve-month periods ended September 30, 2022	42,185
Twelve-month periods ended September 30, 2023	38,064
Twelve-month periods ended September 30, 2024	31,501
Twelve-month periods ended September 30, 2025	18,377
Thereafter	0
Total lease payments	183,128
Less amount of lease payments representing interest	(22,426)
Total present value of lease payments	$ 160,702

Member Distribution (Details Te

Member Distribution (Details Textual) - USD ($) $ / shares in Units, $ in Millions		6 Months Ended
	Feb. 02, 2021	Jun. 30, 2024
Member Distribution [Abstract]
Declaration date		Jan. 30, 2024
Cash distributions paid	$ 39.5
Distributions paid, per unit (USD per share)	$ 1.30
Distribution date		Feb. 01, 2024

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative assets (liabilities), at fair value, net	$ 1,589,954		$ 1,589,954		$ 4,394,994
Gains (losses) recorded in cost of goods sold related to commodity derivative instruments	$ (2,492,054)	$ (3,687,043)	$ (995,622)	$ 10,796,570

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Derivatives not designated as hedging instruments:
Asset Derivatives	$ 8,165,256	$ 10,334,681
Liability Derivatives	$ 6,575,302	$ 5,939,687
Commodity contracts
Derivatives not designated as hedging instruments:
Balance Sheet Classification	Current Assets/Liabilities	Current Assets/Liabilities
Asset Derivatives	$ 8,101,465	$ 10,178,089
Liability Derivatives	$ 6,435,660	$ 5,584,506
Foreign exchange contracts
Derivatives not designated as hedging instruments:
Balance Sheet Classification	Current Assets/Liabilities	Current Assets/Liabilities
Asset Derivatives	$ 63,791	$ 156,592
Liability Derivatives	$ 110,923	$ 284,879
Interest rate caps and floors
Derivatives not designated as hedging instruments:
Balance Sheet Classification	Current Assets/Liabilities	Current Assets/Liabilities
Asset Derivatives	$ 0	$ 0
Liability Derivatives	$ 28,719	$ 70,302

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	$ (2,492,054)	$ (3,687,043)	$ (995,622)	$ 10,796,570
Commodity contracts
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	(2,512,325)	(3,774,597)	(1,097,506)	10,051,769
Foreign exchange contracts
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	14,435	98,777	60,301	913,098
Interest rate caps and floors
Derivatives not designated as hedging instruments:
Net Gain (Loss) Recognized on Derivative Activities	$ 5,836	$ (11,223)	$ 41,583	$ (168,297)

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Financial assets:
Inventory	$ 76,964,340	$ 70,872,435
Margin deposits (deficits)	2,311,049
Margin deposits	2,311,049	1,342,978
Commodity contracts
Financial assets:
Commodity derivative instruments	1,589,954	4,394,994
Fair Value, Inputs, Level 1
Financial assets:
Inventory	0	0
Margin deposits (deficits)	2,311,049
Margin deposits		1,342,978
Fair Value, Inputs, Level 1 | Commodity contracts
Financial assets:
Commodity derivative instruments	1,589,954	4,394,994
Fair Value, Inputs, Level 2
Financial assets:
Inventory	76,964,340	70,872,435
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Due to related parties	$ 3,415,179	$ 2,285,001	$ 7,437,115	$ 5,232,867
Due from related parties	$ 776,699		$ 776,699		$ 1,216,699

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Excess of FDIC insured limits	$ 118,500	$ 34,100
Unpaid commitments for construction and acquisition of property and equipment	$ 242,300