Golden Grain Energy (GGELU) 10-K 30 Dec 21 2021 FY Annual report Financial data

Cover Page Document

Cover Page Document	12 Months Ended
	Oct. 31, 2021USD ($)shares
Document and Entity Information [Abstract]
Entity Registrant Name	GOLDEN GRAIN ENERGY, LLC
Entity Central Index Key	0001206942
Current Fiscal Year End Date	--10-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-K
Document Period End Date	Oct. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Document Annual Report	true
Amendment Flag	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Small Business	false
Entity File Number	000-51177
Entity Incorporation, State or Country Code	IA
Entity Tax Identification Number	02-0575361
Entity Address, Address Line One	1822 43rd Street SW
Entity Address, City or Town	Mason City
Entity Address, State or Province	IA
Entity Address, Postal Zip Code	50401
City Area Code	641
Local Phone Number	423-8525
Entity Interactive Data Current	Yes
Document Transition Report	false
Document Information [Line Items]
Entity Filer Category	Non-accelerated Filer
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Document Period End Date	Oct. 31, 2021
Entity Small Business	false
Entity Shell Company	false
Current Fiscal Year End Date	--10-31
Common Class A [Member]
Document and Entity Information [Abstract]
Entity Common Stock, Shares Outstanding | shares	18,953,000
Entity Public Float | $	$ 14,964,834
Document Information [Line Items]
Entity Common Stock, Shares Outstanding | shares	18,953,000
Entity Public Float | $	$ 14,964,834
Common Class B [Member]
Document and Entity Information [Abstract]
Entity Common Stock, Shares Outstanding | shares	920,000
Entity Public Float | $	$ 363,000
Document Information [Line Items]
Entity Common Stock, Shares Outstanding | shares	920,000
Entity Public Float | $	$ 363,000

Balance Sheet

Balance Sheet - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Current Assets
Cash and equivalents	$ 19,389,352	$ 17,582,312
Marketable Securities	1,389,790	5,113,066
Accounts receivable	15,662,640	7,326,519
Other receivables	297,553	191,768
Derivative instruments	1,517,196	862,516
Inventory	18,631,842	8,346,764
Prepaid expenses and other	3,331,993	2,999,162
Total current assets	60,220,366	42,422,107
Property and Equipment
Land and land improvements	14,319,210	14,319,211
Building and grounds	33,719,636	33,719,636
Grain handling equipment	29,510,301	16,084,232
Office equipment	2,556,695	2,457,090
Plant and process equipment	123,473,114	122,038,667
Construction in progress	3,419,316	3,189,865
Gross property and equipment	206,998,272	191,808,701
Less accumulated depreciation	133,040,323	124,390,850
Net property and equipment	73,957,949	67,417,851
Other Assets
Investments	25,583,813	25,019,870
Operating Lease, Right-of-Use Asset	2,766,353	2,324,631
Other assets	1,868,056	1,904,482
Total other assets	30,218,222	29,248,983
Total Assets	164,396,537	139,088,941
Current Liabilities
Accounts payable	11,482,692	6,798,427
Accrued expenses	3,371,118	2,930,479
Retention Payable	9,046	34,813
Long-term Debt, Current Maturities	0	430,250
Operating Lease, Liability, Current	1,135,467	1,000,141
Total current liabilities	15,998,323	11,194,110
Long-term Liabilities
Deferred compensation	734,999	514,409
Long-term Debt, Excluding Current Maturities	0	430,250
Other Liabilities, Noncurrent	1,630,886	1,324,490
Deferred Revenue	1,196,450	1,313,177
Liabilities, Noncurrent	3,562,335	3,582,326
Commitments and Contingencies
Members' Equity (19,873,000 units issued and outstanding)	144,835,879	124,312,505
Total Liabilities and Members’ Equity	$ 164,396,537	$ 139,088,941

Statement of Operations

Statement of Operations - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Revenues	$ 303,435,418	$ 194,329,476	$ 203,793,847
Cost of Goods and Services Sold	287,226,420	188,782,979	203,969,863
Gross Profit (loss)	16,208,998	5,546,497	(176,016)
Operating Expenses	4,594,963	4,144,385	3,706,721
Operating Income (loss)	11,614,035	1,402,112	(3,882,737)
Other Income (Expense)
Other income	233,253	1,396,264	238,140
Interest income (expense), net	(197,741)	37,494	215,995
Gain (Loss) on Extinguishment of Debt	1,699,041	0	0
Equity in net income of investments	11,149,386	3,042,793	1,716,200
Total Other Income	12,883,939	4,476,551	2,170,335
Net Income	$ 24,497,974	$ 5,878,663	$ (1,712,402)
Basic & diluted net income per unit	$ 1.23	$ 0.30	$ (0.09)
Weighted average units outstanding for the calculation of basic & diluted net income per unit	19,873,000	19,873,000	19,873,000
Distribution Per Unit	$ 0.20	$ 0.10	$ 0.25

Statement of Cash Flows

Statement of Cash Flows - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Cash Flows from Operating Activities
Net Income	$ 24,497,974	$ 5,878,663	$ (1,712,402)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,723,527	8,784,700	9,999,546
Unrealized (gain) loss on risk management & marketable securities	(931,404)	56,220	(686,080)
Impairment of and loss on disposal of long-lived assets	0	(369,324)	0
Impairment of Long-Lived Assets to be Disposed of	0	0	2,755,663
Amortization of deferred revenue	0	(133,117)	0
Amortization of Debt Issuance Costs	25,000	5,556	0
Change in accretion amounts of interest on grant & note receivable	262,367	(51,386)	(2,326)
Distributions (earnings) in excess of earnings (distributions) from investments	(563,943)	396,300	303,343
Gain (Loss) on Extinguishment of Debt	(1,699,041)	0	0
Gain on insurance proceeds from involuntary conversion & business interruption	0	0	(183,739)
Insurance From Business Interruption	0	34,965	3,183,739
Deferred compensation expense	220,590	45,369	(67,374)
Change in assets and liabilities
Accounts receivable	(8,336,121)	(4,816,581)	(1,424,357)
Inventory	(10,285,078)	187,594	(1,657,402)
Prepaid expenses and other	(438,616)	(65,298)	306,586
Accounts payable	3,435,838	4,132,642	2,130,571
Accrued expenses	61,540	(838,695)	26,462
Increase (Decrease) in Operating Lease Liability	(441,722)	0	0
Net cash provided by operating activities	14,530,911	13,247,608	12,972,230
Cash Flows from Investing Activities
Capital expenditures	(13,587,812)	(6,710,121)	(11,538,228)
Proceeds from sale of equipment	0	334,359	0
Purchase of marketable securities	0	(4,000,000)	(7,515)
Proceeds from sale of marketable securities	4,000,000	0	10,071,558
Net cash (used in) investing activities	(9,587,812)	(10,375,762)	(1,474,185)
Proceeds from Issuance of Long-term Debt	838,541	860,500	0
Payments of Debt Issuance Costs	0	(100,000)	0
Cash Flows from Financing Activities
Distributions to members	(3,974,600)	(1,987,300)	(4,968,250)
Payments received on grant receivable	0	0	84,666
Net cash (used in) financing activities	(3,136,059)	(1,226,800)	(4,883,584)
Net Increase (Decrease) in Cash and Equivalents	1,807,040	1,645,046	6,614,461
Cash and Equivalents – Beginning of Period	17,582,312	15,937,266	9,322,805
Cash and Equivalents – End of Period	19,389,352	17,582,312	15,937,266
Supplemental Cash Flow Information
Interest Paid, Excluding Capitalized Interest, Operating Activities	223,046	77,655	51,177
Supplemental Disclosure of Noncash Operating & Investing Activities
Accounts Payable related to construction in process	807,008	220,065	897,808
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability		$ 3,372,603	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Members' Equity	USD ($)$ / shares
Stockholders' Equity Attributable to Parent at Oct. 31, 2018	$ 127,101,795
Distribution Made to Member or Limited Partner, Cash Distributions Paid	(4,968,250)
Net Income	(1,712,402)
Stockholders' Equity Attributable to Parent at Oct. 31, 2019	$ 120,421,143
Distribution Per Unit | $ / shares	$ 0.25
Distribution Made to Member or Limited Partner, Cash Distributions Paid	$ (1,987,300)
Net Income	5,878,663
Stockholders' Equity Attributable to Parent at Oct. 31, 2020	$ 124,312,505
Distribution Per Unit | $ / shares	$ 0.10
Distribution Made to Member or Limited Partner, Cash Distributions Paid	$ (3,974,600)
Net Income	24,497,974
Stockholders' Equity Attributable to Parent at Oct. 31, 2021	$ 144,835,879
Distribution Per Unit | $ / shares	$ 0.20

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Nature of Operations	Nature of Business Golden Grain Energy, LLC ("Golden Grain Energy" and the "Company") is an approximately 120 million gallon annual production ethanol plant near Mason City, Iowa. The Company sells its production of ethanol, distiller grains with solubles and corn oil primarily in the continental United States. The Company also holds several investments in various companies that focus on ethanol production, marketing and/or logistics. Organization

Inventory

Inventory	12 Months Ended
	Oct. 31, 2021
Inventory [Abstract]
Inventory	INVENTORYInventory consisted of the following as of October 31, 2021 and October 31, 2020: October 31, 2021 October 31, 2020 Raw Materials $ 14,671,316 $ 4,977,047 Work in Process 2,604,342 1,964,403 Finished Goods 1,356,184 1,405,314 Totals $ 18,631,842 $ 8,346,764

Bank Financing

Bank Financing	12 Months Ended
	Oct. 31, 2021
Bank Financing [Abstract]
Bank Financing	BANK FINANCING The Company has entered into a master loan agreement with Farm Credit Services of America (FLCA) which includes revolving term loans with original maximum borrowings of $35 million and which currently has availability of $30 million and matures on August 1, 2023. Interest on the term loan is payable monthly at 3.15% above the one-month LIBOR (3.24% as of October 31, 2021). The borrowings are secured by substantially all the assets of the Company. The credit agreements are subject to covenants, including requiring the Company to maintain various financial ratios, as well as certain distribution limitations. As of October 31, 2021, the Company was in compliance with all of the loan covenants. Failure to comply with the protective loan covenants or maintain the required financial ratios may cause acceleration of any outstanding principal balances on the loans and/or imposition of fees and penalties. As of October 31, 2021 and 2020, the Company had no outstanding borrowings. The Company entered into a loan agreement with the Small Business Association through Cresco Union Savings Bank (CUSB) on April 7, 2020 for approximately $860,000 as part of the Paycheck Protection Program (PPP) under Division A, Title I of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The loan matures in April 2022 and has an interest rate of 1%. Proceeds of the loan are restricted for use towards payroll costs and other allowable uses such as covered utilities for an eight-week period following the loan under the Paycheck Protection Program Rules. Provisions of the agreement allow for a portion of the loan to be forgiven if certain qualifications are met. On December 8, 2020, the Company was notified that the entire loan was forgiven. The Company entered into a second loan agreement with the Small Business Association through CUSB on February 9, 2021 for approximately $838,000 as part of the second round of PPP. The loan matures on February 8, 2026 and has an interest rate of 1%. Provisions of the agreement allow for a portion of the loan to be forgiven if certain qualifications are met. Proceeds of the loan are restricted for use towards payroll costs and other allowable uses such as covered utilities for an eight-week period following the loan under the Paycheck Protection Program Rules. Provisions of the agreement allow for a portion of the loan to be forgiven if certain qualifications are met. On June 14, 2021, we were notified that this entire loan was forgiven. The company recorded the forgiveness as a gain on debt extinguishment in the statement of operations for approximately $838,000 for the twelve months ended October 31, 2021.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Oct. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONSThe Company purchased corn and materials from employees, members of its Board of Directors or Risk Management Committee that own or manage elevators and construction companies. The Company also purchased ingredients from RPMG. Purchases during the fiscal years ended October 31, 2021, 2020 and 2019 totaled approximately $53,235,000, $37,269,000 and $40,569,000, respectively. As of October 31, 2021 and 2020, the amounts owed to related parties was approximately $368,000 and $593,000, respectively.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Oct. 31, 2021
Employee Benefit Plans [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS The Company had a deferred phantom unit compensation plan for certain employees equal to 1% of net income implemented during its fiscal year ended October 31, 2014. Currently, the Company has a cash bonus compensation plan which is paid shortly after the fiscal year in which the cash bonus is earned. As of October 31, 2021 and 2020, the Company had a liability of approximately $735,000 and $514,000 outstanding as deferred compensation, respectively, and had no additional expense to be recognized as future compensation expense as all units were fully vested as of October 31, 2021. The Company has a retirement plan which provides retirement savings options for all eligible employees. Employees meeting certain eligibility requirements can participate in the plan. The Company makes a matching contribution based on the

Commitments, Contingencies and

Commitments, Contingencies and Agreements	12 Months Ended
	Oct. 31, 2021
Commitments, Contingencies and Agreements [Abstract]
Commitments, Contingencies and Agreements	COMMITMENTS, CONTINGENCIES AND AGREEMENTS Ethanol, Distiller Grains and Corn Oil marketing agreements and major customers The Company has entered into marketing agreements with RPMG, a marketing company, for the exclusive rights to market, sell and distribute the entire ethanol, distiller grains and corn oil inventory produced by the Company. The marketing fees are presented net in revenues. Approximate sales and marketing fees related to the agreements in place are as follows: 2021 2020 2019 Sales ethanol $ 242,814,000 $ 153,132,000 $ 161,953,000 Sales distiller grains 47,158,000 34,950,000 34,987,000 Sales corn oil 16,990,000 7,999,000 7,685,000 Marketing fees-ethanol 259,000 200,000 243,000 Marketing fees-distiller grains 273,000 247,000 258,000 Marketing fees-corn oil 73,000 62,000 60,000 As of October 31, 2021 October 31, 2020 Amount due from RPMG $ 15,662,000 $ 7,326,000

Risk Management

Risk Management	12 Months Ended
	Oct. 31, 2021
Risk Management [Abstract]
Risk Management	RISK MANAGEMENT The Company's activities expose it to a variety of market risks, including the effects of changes in commodity prices. These financial exposures are monitored and managed by the Company as an integral part of its overall risk-management program. The Company's risk management program focuses on the unpredictability of financial and commodities markets and seeks to reduce the potentially adverse effects that the volatility of these markets may have on its operating results. To reduce price risk caused by market fluctuations, the Company generally follows a policy of using exchange traded futures contracts to reduce its net position of merchandisable agricultural commodity inventories and forward cash purchase and sales contracts and uses exchange traded futures contracts to reduce price risk. Exchange-traded futures contracts are valued at market price. Changes in market price of contracts related to corn and natural gas are recorded in cost of goods sold and changes in market prices of contracts related to sale of ethanol are recorded in revenues. The following table represents the approximate amount of realized and unrealized gains (losses) and changes in fair value recognized in earnings on commodity contracts for periods ended October 31, 2021, 2020 and 2019 and the fair value of derivatives as of October 31, 2021 and 2020: Statement of Operations Classification Realized Gain (Loss) Change in Unrealized Gain (Loss) Total Gain (Loss) Derivatives not designated as hedging instruments: Commodity Contracts for the Revenue $ (1,927,000) $ (995,000) $ (2,922,000) fiscal year 2021 Cost of Goods Sold (6,705,000) (2,614,000) (9,319,000) Total $ (8,632,000) $ (3,609,000) $ (12,241,000) Commodity Contracts for the Revenue $ (1,441,000) $ 198,000 $ (1,243,000) fiscal year 2020 Cost of Goods Sold 1,866,000 (1,342,000) 524,000 Total $ 425,000 $ (1,144,000) $ (719,000) Commodity Contracts for the Revenue $ (154,000) $ (116,000) $ (270,000) fiscal year 2019 Cost of Goods Sold (156,000) 977,000 821,000 Total $ (310,000) $ 861,000 $ 551,000 Balance Sheet Classification October 31, 2021 October 31, 2020 Futures and option contracts In gain position $ 817,000 $ 470,000 In loss position (4,247,000) (290,000) Cash held by broker 4,947,000 683,000 Current Asset $ 1,517,000 $ 863,000 As of October 31, 2021, the Company had the following approximate outstanding purchase and sale commitments, of which approximately $922,000 of the purchase commitments and all of the sale commitments were with related parties. There was no impairment on our forward purchase contracts as of October 31, 2021 and 2020. Commitments Through Amount Sale commitments Distiller grains - fixed price November 2022 $ 3,036,000 Corn Oil - fixed price December 2022 4,755,000 Purchase commitments Corn - fixed price October 2022 $ 4,051,000 Natural gas - fixed price March 2024 6,257,000 As of October 31, 2021, the Company has fixed price futures and forward contracts in place for approximately 9% of anticipated corn needs for the next 12 months and 0% of ethanol sales for the next 12 months with no open positions beyond that point. As of October 31, 2021, the Company has fixed priced futures and forward contracts in place for approximately 67% of its natural gas needs for the next 12 months and approximately 12% of its natural gas needs for the next 24 months with no open positions beyond that point. As of October 31, 2021, the Company had approximately 672,000 bushels with approximate market value of $2,500,000 of credit sale corn contracts. As of October 31, 2020, the Company had approximately 212,000 bushels with approximate market value of $805,000 of priced later and deferred payment corn contracts.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Oct. 31, 2021
Fair Value Measurements [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: Level 1: Valuations for assets and liabilities traded in active markets from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities. Level 3: Valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. A description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Marketable Securities: The Company's investments in short-term liquid investments (e.g. mutual funds), are classified within Level 1, carried at fair value based on the quoted market prices. Derivative financial instruments: Commodity futures and exchange-traded commodity options contracts are reported at fair value utilizing Level 1 inputs. For these contracts, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes and live trading levels from markets such as the CME and NYMEX. Crush swaps are bundled contracts or combined contracts that include a portion of corn, ethanol and natural gas rolled into a single trading instrument. These contracts are reported at fair value utilizing Level 2 inputs and are based on the various trading activity of the components of each segment of the bundled contract. The following table summarizes financial assets and financial liabilities measured at the approximate fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Total Level 1 Level 2 Level 3 Marketable securities Assets, October 31, 2021 $ 1,390,000 $ 1,390,000 $ — $ — Assets, October 31, 2020 5,113,000 5,113,000 — — Derivative financial instruments October 31, 2021 Assets $ 817,000 $ 122,000 $ 695,000 $ — Liabilities $ (4,247,000) (1,617,000) (2,630,000) — October 31, 2020 Assets $ 470,000 $ 470,000 $ — Liabilities (290,000) (149,000) (141,000) —

Investments

Investments	12 Months Ended
	Oct. 31, 2021
Investments [Abstract]
Investments	INVESTMENTS Condensed, combined financial information of the Company’s investments in Absolute Energy, Homeland Energy Solutions, Guardian Energy, Lawrenceville Tank and RPMG is as follows (in 000’s). Balance Sheet 9/30/2021 9/30/2020 9/30/2019 Current Assets $ 391,372 $ 285,395 $ 337,643 Other Assets 289,068 246,389 258,655 Current Liabilities 293,458 168,842 224,439 Long-term Debt 38,973 47,529 55,368 Members’ Equity 348,009 315,413 316,491 Twelve Months Ended Income Statement 9/30/2021 9/30/2020 9/30/2019 Revenue $ 1,117,485 $ 847,425 $ 776,635 Gross Profit 102,604 58,093 34,731 Net Income 100,927 40,259 25,026 The following table (in 000's) shows the condensed financial information of Homeland Energy Solutions and Guardian Energy, which each represents greater than 10% of the Company's net income for the year ended October 31, 2021. Homeland Energy Solutions Condensed Financial Information Balance Sheet 9/30/2021 9/30/2020 9/30/2019 Current Assets $ 72,672 $49,855 $92,654 Other Assets 125,488 134,837 18,578 Current Liabilities 14,647 13,018 47,436 Long-term Debt 626 11,729 18,574 Members’ Equity 182,887 159,945 165,222 Twelve Months Ended Income Statement 9/30/2021 9/30/2020 9/30/2019 Revenue $ 432,479 $ 288,582 $ 313,029 Gross Profit 35,416 24,101 13,093 Net Income 32,626 12,289 10,599 Guardian Energy Condensed Financial Information Balance Sheet 9/30/2021 9/30/2020 9/30/2019 Current Assets $ 34,257 $ 19,089 $ 21,800 Other Assets 27,880 26,309 26,935 Current Liabilities 26,532 10,499 16,379 Long-term Debt 38,347 35,043 36,794 Members' Equity (2,741) (144) (4,439) Twelve Months Ended Income Statement 9/30/2021 9/30/2020 9/30/2019 Revenue $ 375,063 $ 340,462 $ 245,656 Gross Profit 42,635 23,303 10,533 Net Income 38,403 17,147 5,215

Segment Reporting

Segment Reporting	12 Months Ended
	Oct. 31, 2021
Segment Reporting [Abstract]
Segment Reporting Disclosure	SEGMENT REPORTING The Company reports its financial and operating performance in two reportable segments: (1) production (2) ethanol production investments.The production segment consists of the manufacturing of ethanol and related co-products from the ethanol production process. The ethanol production investment segment consists of aggregated ethanol production equity method investments. The Company discloses the remaining operating segments which do not meet the reportable segment criteria in the all other investments category. The Company evaluates its operating segments for determination of reportable segments annually and determined that the ethanol production investments qualified as a separate reporting segment. The ethanol production investments reporting segment includes those equity method investment operating segments which the company's chief operating decision maker does not have operational decision authority, that meet the qualitative criteria for aggregation, have similar long-term economic characteristics, and have expected ongoing significance, which includes Absolute Energy, Guardian Energy, and Homeland Energy Solutions. All investments that are included in the segment derive their revenue from the manufacturing of ethanol and related co-products from the ethanol production process. The reconciliation item is necessary due to reportable segments not being consolidated in the financial statements, but rather are reflected as equity method investments. The following tables set forth certain financial data for the Company’s reportable segments: Twelve Months Ended 2021 2020 2019 Net Sales Production $ 303,435,418 $ 194,329,476 $ 203,793,847 Ethanol production investments 1,102,373,242 827,657,609 762,022,409 All Others 13,957,720 14,354,618 10,779,321 Reconciliation (1,116,330,962) (842,012,227) (772,801,730) Total Net Sales $ 303,435,418 $ 194,329,476 $ 203,793,847 Net Income (Loss) Production $ 13,348,587 $ 2,835,871 $ (3,428,603) Ethanol production investments 96,680,090 12,920,291 22,562,651 All Others 4,211,889 2,463,008 2,265,231 Reconciliation (89,742,592) (12,340,507) (23,111,681) Total Net Income (Loss) $ 24,497,974 $ 5,878,663 $ (1,712,402) Interest Income (Expense) Production $ (197,741) $ 37,494 $ 219,824 Ethanol production investments (1,830,476) (2,448,882) (3,782,929) All Others 2,798,745 2,393,268 2,135,430 Reconciliation (968,269) 55,614 1,647,499 Total Net Interest Income (Expense) $ (197,741) $ 37,494 $ 219,824 Depreciation Expense Production $ 8,649,473 $ 8,710,647 $ 9,921,663 Ethanol production investments 3,299,705 3,740,976 11,126,496 All Others 237,508 382,994 940,898 Reconciliation (3,537,213) (4,123,970) (12,067,394) Total Depreciation $ 8,649,473 $ 8,710,647 $ 9,921,663 Equity in Net Income of Investments Production $ 11,149,386 $ 3,042,793 $ 1,716,200 Ethanol production investments 479,140 291,674 156,182 All Others — — — Reconciliation (479,140) (291,674) (156,182) Total Net Income of Investments $ 11,149,386 $ 3,042,793 $ 1,716,200 The following table sets forth the Company’s total assets by operating segment: October 31, 2021 October 31, 2020 October 31, 2019 Total assets: Production $ 138,812,724 $ 114,069,070 $ 104,614,213 Ethanol production investments 400,239,135 358,692,270 406,847,671 All Others 280,201,221 173,092,120 189,450,417 Reconciliation (654,856,543) (506,764,519) (570,881,918) $ 164,396,537 $ 139,088,941 $ 130,030,383

Members' Equity

Members' Equity	12 Months Ended
	Oct. 31, 2021
Members' Equity [Abstract]
Members' Equity	MEMBERS’ EQUITYThe total number of Class A and B units outstanding as of October 31, 2021 and 2020 was 19,873,000. Allocations of profits, losses and distributions as well as voting rights are identical for both Class A and B units except for in the case of disposition of properties in dissolution. In such case, Class B units have preferential treatment in the allocation of any remaining gain.

Lease Obligations

Lease Obligations	12 Months Ended
	Oct. 31, 2021
Leases [Abstract]
Lessor, Operating Leases	LEASE OBLIGATIONS A lease exists when a contract conveys to a party the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration. The Company recognized a lease liability at the lease commencement date, as the present value of future lease payments, using an estimated rate of interest that the Company would pay to borrow equivalent funds on a collateralized basis. A lease asset is recognized based on the lease liability value and adjusted for any prepaid lease payments, initial direct costs, or lease incentive amounts. The lease term at the commencement date includes any renewal options or termination options when it is reasonably certain that the Company will exercise or not exercise those options, respectively. The Company leases rail cars and rail moving equipment with original terms up to 5 years. The Company is obligated to pay costs of insurance, taxes, repairs and maintenance pursuant to the terms of the leases. These costs are in addition to regular lease payments and are not included in lease expense. Rent expense incurred for the operating leases during fiscal years ended October 31, 2021, 2020 and 2019 was approximately $1,452,000, $1,467,000 and $1,975,000. The lease agreements have maturity dates ranging from May 2022 to May 2026. The weighted average remaining life of the lease term for these leases was 2.44 years as of October 31, 2021. The discount rate used in determining the lease liability for each individual lease was the Company's estimated incremental borrowing rate of 4.95%. The right-of-use asset from operating leases, included in other assets, and operating lease liabilities, included in current and long term liabilities was $2,766,353 as of October 31, 2021. At October 31, 2021, the Company had the following approximate minimum rental commitments under non-cancelable operating leases: 2022 $ 1,245,460 2023 914,750 2024 441,150 2025 237,300 2026 138,425 Total $ 2,977,085 A reconciliation of the undiscounted future payments in the schedule above and the lease liabilities recognized in the consolidated balance sheet as of October 31, 2021, is shown below. Undiscounted future payments $ 2,977,085 Discount effect (210,732) Discounted future payments $ 2,766,353

Group Insurance

Group Insurance	12 Months Ended
	Oct. 31, 2021
Group Insurance [Abstract]
Group Insurance	GROUP INSURANCEThe Company participates, along with other plants in the industry, in a group captive insurance company (Captive). The Captive insures losses related to workman's compensation, commercial property and general liability. The Captive reinsures catastrophic losses for all participants, including the Company, in excess of predetermined amounts. The Company's premiums are accrued by a charge to income for the period to which the premium relates and is remitted by the Company's insurer to the captive reinsurer. These premiums are structured such that the Company has made a prepaid collateral deposit estimated for losses related to the above coverage. The Captive insurer has estimated and collected an amount in excess of the estimated losses but less than the catastrophic loss limit insured by the Captive. The Company cannot be assessed over the amount in the collateral fund.

Quarterly Financial Reporting (

Quarterly Financial Reporting (Unaudited)	12 Months Ended
	Oct. 31, 2021
Quarterly Financial Reported (Unaudited) [Abstract]
Quarterly Financial Reporting (Unaudited)	QUARTERLY FINANCIAL REPORTING (UNAUDITED) Summary quarterly results are as follows: First Quarter Second Quarter Third Quarter Fourth Quarter Year ended October 31, 2021 Total revenues $ 53,444,657 $ 59,659,528 $ 95,642,789 $ 94,688,444 Gross profit (loss) (5,443,665) 1,234,434 8,099,411 12,318,818 Operating income (loss) (6,651,882) 8,438 6,841,602 11,415,877 Net income (loss) (2,992,588) 777,275 $ 10,629,736 16,083,551 Basic & diluted income (loss) per unit $ (0.15) $ 0.04 $ 0.53 $ 0.81 Year ended October 31, 2020 Total revenues $ 57,567,896 $ 35,323,572 $ 44,902,846 $ 56,535,162 Gross profit (loss) 2,605,865 (6,707,483) 2,991,434 6,656,681 Operating income (loss) 1,331,903 (7,729,528) 1,996,857 5,802,880 Net income (loss) 3,414,218 (7,817,408) $ 2,715,403 7,566,450 Basic & diluted income (loss) per unit $ 0.17 $ (0.39) $ 0.14 $ 0.38 Year ended October 31, 2019 Total revenues $ 46,196,377 $ 49,608,660 $ 51,773,780 $ 56,215,030 Gross profit (loss) (621,266) 1,570,724 (1,502,206) 376,732 Operating income (loss) (1,592,662) 593,600 (2,430,563) (453,112) Net income (loss) (1,179,271) 1,228,441 (1,673,866) (87,706) Basic & diluted income (loss) per unit $ (0.06) $ 0.06 $ (0.08) $ —

Subsequent Events

Subsequent Events	12 Months Ended
	Oct. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTSOn December, 2021 the Board of Directors declared a $1.75 per unit distribution for members as of record of December 20, 2021 to be paid the end of January 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Accounting Estimates	Accounting Estimates Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.
Cash and Equivalents	Cash and EquivalentsThe Company's cash balances are maintained in bank depositories and regularly exceed federally insured limits. The Company has not experienced any losses in connection with these balances. Also included in cash and equivalents are highly liquid investments, that are readily convertible into known amounts of cash, which are subject to an insignificant risk of change in value due to interest rate, quoted price or penalty on withdrawal and have a maturity of three months or less.
Marketable Securities	Marketable Securities The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date. Debt securities are classified as held-to-maturity when the Company has the positive intent and ability to hold the securities to maturity. Held-to-maturity securities are recorded as either short term or long term on the Balance Sheet, based on contractual maturity date and are stated at cost. Marketable securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses recognized in earnings. Marketable securities consisted of mutual funds and overnight money market accounts invested in intermediate-term municipal and government bonds. For the periods ended October 31, 2021 and 2020, there were no other-than-temporary impairments recognized. Mutual funds are measured at fair value using prices obtained from pricing services. Any unrealized or realized gains and losses on the securities are recorded as part of other income. The Company recorded interest, dividends and net realized and unrealized gains (losses) from these investments as part of other income as follows: Year Ended October 31, 2021 2020 2019 Net earnings on marketable securities $ 56,134 $ 410,209 $ 316,000 Marketable Securities As of Cost Fair Market Value October 31, 2021 $ 1,025,000 $ 1,390,000 October 31, 2020 4,835,000 5,113,000
Accounts Receivable	Accounts Receivable Credit sales are made primarily to one customer and no collateral is required. The Company carries these accounts receivable at original invoice amount with no allowance for doubtful accounts due to the historical collection rates on these accounts.
Investments	Investments The Company has less than a 20% investment interest in five companies in related industries. These investments are being accounted for by the equity method of accounting under which the Company's share of net income is recognized as income in
Revenue and Cost Recognition	Revenue and Cost Recognition The Company records revenue in accordance with ASC Topic 606. Revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. The Company has adopted the practical expedient related to the financing component of the contract. The Company applies the five-step method outlined in the guidance to all contracts with customers. The Company generally has a single performance obligation in its arrangements with customers. When the Company performs shipping and handling activities after the transfer of control to the customers (e.g., when control transfers prior to delivery), they are considered fulfillment activities, and accordingly, the costs are accrued for when the related revenue is recognized. The Company expenses contract costs when incurred because the amortization period is less than one year. Revenues from contracts with customers are recognized when control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. The principal activities which we generate revenue include: sales of ethanol, sales of distiller grains and sales of corn oil. All revenue recognized in the statement of operations is considered to be revenue from contracts with customers. The disaggregation of revenue according to product line, along with accounts receivable from contracts with customers, is as disclosed in Note 6. Shipping costs incurred by the Company in the sale of ethanol, distiller grains and corn oil are not specifically identifiable and as a result, revenue from the sale of ethanol, distiller grains and corn oil are recorded based on the net selling price reported to the Company from its marketer. Railcar lease costs incurred by the Company in the sale and shipment of distiller grain products are included in cost of goods sold. Based upon the timing of the transfer of control of our products to our customers, there are no contract assets or liabilities as of October 31, 2021.
Inventory	InventoryInventories are generally valued at the lower of weighted average cost or net realizable value.  In the valuation of inventories and purchase commitments, net realizable value is defined as estimated selling price in the ordinary course of business less reasonable predictable costs of completion, disposal and transportation.
Revenue Recognition, Deferred Revenue	Grant Receivable and Deferred RevenueGrant receivables are recorded when the payments to be received can be estimated and when payment is reasonably assured. The Company recorded a grant receivable and corresponding deferred revenue of approximately $1,400,000 associated with an agreement approved in December 2019 for tax increment financing monies associated with the plant expansion that was completed in January 2020 to be received over a 10 year period for the tax increment financing monies. These grants were recorded at their net present value using a discount rate of approximately 5%. Related deferred revenue was recorded and is being amortized into income as a reduction of property taxes over the life of the grant. As of October 31, 2021 the grant receivable was approximately $1,523,000 and was included in long-term other assets and the long-term portions of deferred revenue was approximately $1,196,000.
Property and Equipment	Property & Equipment Property and equipment are stated at historical cost. Significant additions and betterments are capitalized, while expenditures for maintenance and repairs are charged to operations when incurred. The Company uses the straight-line method of computing depreciation over the estimated useful lives between 3 and 40 years.
Income Taxes	Income Taxes The Company was formed under sections of the federal and state income tax laws which provide that, in lieu of corporate income taxes, the members separately account for their pro rata share of the Company’s items of income, deductions, losses and credits. As a result of this election, no income taxes have been recognized in the accompanying financial statements. The Company is currently under a State of Iowa income tax examination. The Company received a letter in April 2021 that indicates the Iowa Department of Revenue has adjusted the Corporate tax return for 2017 and the Company has been issued an assessment for approximately $1 million. The Company intends to defend its position and protest the notice of assessment. The Company has also elected to conduct the protest and pay any resulting obligation at the corporate level on behalf of its members.
Investment in commodities contracts, derivative instruments and hedging activities	Investment in commodities contracts, derivative instruments and hedging activities The Company evaluates its contracts to determine whether the contracts are derivative instruments. Certain contracts that meet the definition of a derivative may be exempted from derivative accounting and treated as normal purchases or normal sales if documented as such. Normal purchases and normal sales are contracts that provide for the purchase or sale of something other than a financial instrument or derivative instrument that will be delivered in quantities expected to be used or sold over a reasonable period in the normal course of business. The Company enters into short-term cash, option and futures contracts as a means of securing corn and natural gas for the ethanol plant and managing exposure to changes in commodity and energy prices. The Company occasionally also enters into derivative contracts to hedge its exposure to price risk as it relates to ethanol sales. As part of its risk management process, the Company uses futures and option contracts through regulated commodity exchanges or through the over-the-counter market to manage its risk related to pricing of inventories. All of the Company's derivatives, other than those excluded under the normal purchases and sales exclusion, are designated as non-hedge derivatives, with changes in fair value recognized in net income. Although the contracts are economic hedges of specified risks, they are not designated or accounted for as hedging instruments. Realized and unrealized gains and losses related to derivative contracts related to corn and natural gas are included as a component of cost of goods sold and derivative contracts related to ethanol are included as a component of revenues in the accompanying financial statements. The fair values of contracts are presented on the accompanying balance sheet as derivative instruments net of cash due from/to broker.
Net income per unit	Net earnings (loss) per unit Basic and diluted earnings (loss) per unit are computed using the weighted-average number of Class A and B units outstanding during the period.
Environmental liabilities	Environmental liabilitiesThe Company's operations are subject to environmental laws and regulations adopted by various governmental authorities in the jurisdiction in which it operates. These laws require the Company to investigate and remediate the effects of the release or disposal of materials at its locations. Accordingly, the Company has adopted policies, practices and procedures in the areas of pollution control, occupational health and the production, handling, storage and use of hazardous materials to prevent material environmental or other damage, and to limit the financial liability which could result from such events. Environmental liabilities are recorded when the Company's liability is probable and the costs can be reasonably estimated. No liability has been recorded as of October 31, 2021, 2020 or 2019 for environmental liabilities.
Compensation Related Costs, Policy	Incentive Compensation Plan The Company has an incentive compensation plan for certain employees equal to 1% of net income. Awards pursuant to the incentive compensation plan are paid in cash after the Company's net income is determined for each fiscal year. Awards made pursuant to the plan are immediately vested and paid.
Fair Value	Fair Value Financial instruments include cash and equivalents, marketable securities, receivables, accounts payable, accrued expenses and derivative instruments. The fair value of marketable securities and derivative financial instruments is based on quoted market prices, as disclosed in Note 8. The fair value, determined using level 2 inputs, of all other current financial instruments is estimated to approximate carrying value due to the short-term nature of these instruments. As of October 31, 2021 the Company believes the carrying value of long-term debt approximates the fair value.
Risks and Uncertainties	Risks and Uncertainties The Company has certain risks and uncertainties that it will experience during volatile market conditions, which can have a severe impact on operations. The Company's revenues are derived from the sale and distribution of ethanol and distiller grains to customers primarily located in the United States. Corn for the production process is supplied to the plant primarily from local agricultural producers and from purchases on the open market. For the 2021 fiscal year, ethanol sales accounted for approximately 79%% of total revenue, distiller grains sales accounted for approximately 16%% of total revenue and corn oil sales accounted for approximately 5% of total revenue while corn costs averaged approximately 89% of cost of goods sold. The Company's operating and financial performance is largely driven by the prices at which ethanol is sold and the net expense of corn. The price of ethanol is influenced by factors such as supply and demand, weather, government policies and programs, and unleaded gasoline and the petroleum markets with ethanol selling, in general, for less than gasoline at the wholesale level. Excess ethanol supply in the market, in particular, puts downward pressure on the price of ethanol. The Company's largest cost of production is corn. The cost of corn is generally impacted by factors such as supply and demand, weather, and government policies and programs. The Company's risk management program is used to protect against the price volatility of these commodities. On January 30, 2020, the World Health Organization declared the coronavirus outbreak (COVID-19) a “Public Health Emergency of International Concern” and on March 11, 2020, declared COVID-19 a pandemic. The impact of COVID-19 has negatively impacted the Company’s operations, suppliers or other vendors, and customer base. Any quarantines, labor shortages or other disruptions to the Company’s operations, or those of their customers, may adversely impact the Company’s revenues, ability to provide its services and operating results. In addition, a significant outbreak of epidemic, pandemic or contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, including the geographical area in which the Company operates, resulting in an economic downturn that could affect demand for its goods and services. The extent to which the coronavirus impacts the Company’s long-term results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of the coronavirus and actions taken to contain the coronavirus or its impact, among others.
New Accounting Pronouncements, Policy	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 adds a current expected credit loss (“CECL”) impairment model to U.S. GAAP that is based on expected losses rather than incurred losses. Modified retrospective adoption is required with any cumulative-effect adjustment recorded to retained earnings as of the beginning of the period of adoption. Effective November 1, 2020, the Company adopted ASU 2016-13 using the modified retrospective approach. There was no impact of adoption for the period ended October 31, 2021. The Company expects the impact of adopting the new standard to be immaterial on an ongoing basis.

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Oct. 31, 2021
Inventory [Abstract]
Schedule of Inventory	October 31, 2021 October 31, 2020 Raw Materials $ 14,671,316 $ 4,977,047 Work in Process 2,604,342 1,964,403 Finished Goods 1,356,184 1,405,314 Totals $ 18,631,842 $ 8,346,764

Commitments, Contingencies an_2

Commitments, Contingencies and Agreements (Tables)	12 Months Ended
	Oct. 31, 2021
Commitments, Contingencies and Agreements [Abstract]
Schedule of Related Party Transactions	2021 2020 2019 Sales ethanol $ 242,814,000 $ 153,132,000 $ 161,953,000 Sales distiller grains 47,158,000 34,950,000 34,987,000 Sales corn oil 16,990,000 7,999,000 7,685,000 Marketing fees-ethanol 259,000 200,000 243,000 Marketing fees-distiller grains 273,000 247,000 258,000 Marketing fees-corn oil 73,000 62,000 60,000 As of October 31, 2021 October 31, 2020 Amount due from RPMG $ 15,662,000 $ 7,326,000

Risk Management (Tables)

Risk Management (Tables)	12 Months Ended
	Oct. 31, 2021
Risk Management [Abstract]
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	Statement of Operations Classification Realized Gain (Loss) Change in Unrealized Gain (Loss) Total Gain (Loss) Derivatives not designated as hedging instruments: Commodity Contracts for the Revenue $ (1,927,000) $ (995,000) $ (2,922,000) fiscal year 2021 Cost of Goods Sold (6,705,000) (2,614,000) (9,319,000) Total $ (8,632,000) $ (3,609,000) $ (12,241,000) Commodity Contracts for the Revenue $ (1,441,000) $ 198,000 $ (1,243,000) fiscal year 2020 Cost of Goods Sold 1,866,000 (1,342,000) 524,000 Total $ 425,000 $ (1,144,000) $ (719,000) Commodity Contracts for the Revenue $ (154,000) $ (116,000) $ (270,000) fiscal year 2019 Cost of Goods Sold (156,000) 977,000 821,000 Total $ (310,000) $ 861,000 $ 551,000
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	Balance Sheet Classification October 31, 2021 October 31, 2020 Futures and option contracts In gain position $ 817,000 $ 470,000 In loss position (4,247,000) (290,000) Cash held by broker 4,947,000 683,000 Current Asset $ 1,517,000 $ 863,000
Long-term Purchase Commitment	Commitments Through Amount Sale commitments Distiller grains - fixed price November 2022 $ 3,036,000 Corn Oil - fixed price December 2022 4,755,000 Purchase commitments Corn - fixed price October 2022 $ 4,051,000 Natural gas - fixed price March 2024 6,257,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Oct. 31, 2021
Fair Value Measurements [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes financial assets and financial liabilities measured at the approximate fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Total Level 1 Level 2 Level 3 Marketable securities Assets, October 31, 2021 $ 1,390,000 $ 1,390,000 $ — $ — Assets, October 31, 2020 5,113,000 5,113,000 — — Derivative financial instruments October 31, 2021 Assets $ 817,000 $ 122,000 $ 695,000 $ — Liabilities $ (4,247,000) (1,617,000) (2,630,000) — October 31, 2020 Assets $ 470,000 $ 470,000 $ — Liabilities (290,000) (149,000) (141,000) —

Investments (Tables)

Investments (Tables)	12 Months Ended
	Oct. 31, 2021
Investments [Abstract]
Schedule of Equity Method Investments	INVESTMENTS Condensed, combined financial information of the Company’s investments in Absolute Energy, Homeland Energy Solutions, Guardian Energy, Lawrenceville Tank and RPMG is as follows (in 000’s). Balance Sheet 9/30/2021 9/30/2020 9/30/2019 Current Assets $ 391,372 $ 285,395 $ 337,643 Other Assets 289,068 246,389 258,655 Current Liabilities 293,458 168,842 224,439 Long-term Debt 38,973 47,529 55,368 Members’ Equity 348,009 315,413 316,491 Twelve Months Ended Income Statement 9/30/2021 9/30/2020 9/30/2019 Revenue $ 1,117,485 $ 847,425 $ 776,635 Gross Profit 102,604 58,093 34,731 Net Income 100,927 40,259 25,026 The following table (in 000's) shows the condensed financial information of Homeland Energy Solutions and Guardian Energy, which each represents greater than 10% of the Company's net income for the year ended October 31, 2021. Homeland Energy Solutions Condensed Financial Information Balance Sheet 9/30/2021 9/30/2020 9/30/2019 Current Assets $ 72,672 $49,855 $92,654 Other Assets 125,488 134,837 18,578 Current Liabilities 14,647 13,018 47,436 Long-term Debt 626 11,729 18,574 Members’ Equity 182,887 159,945 165,222 Twelve Months Ended Income Statement 9/30/2021 9/30/2020 9/30/2019 Revenue $ 432,479 $ 288,582 $ 313,029 Gross Profit 35,416 24,101 13,093 Net Income 32,626 12,289 10,599 Guardian Energy Condensed Financial Information Balance Sheet 9/30/2021 9/30/2020 9/30/2019 Current Assets $ 34,257 $ 19,089 $ 21,800 Other Assets 27,880 26,309 26,935 Current Liabilities 26,532 10,499 16,379 Long-term Debt 38,347 35,043 36,794 Members' Equity (2,741) (144) (4,439) Twelve Months Ended Income Statement 9/30/2021 9/30/2020 9/30/2019 Revenue $ 375,063 $ 340,462 $ 245,656 Gross Profit 42,635 23,303 10,533 Net Income 38,403 17,147 5,215

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Oct. 31, 2021
Segment Reporting [Abstract]
Reconciliation of Assets from Segment to Consolidated	The following table sets forth the Company’s total assets by operating segment: October 31, 2021 October 31, 2020 October 31, 2019 Total assets: Production $ 138,812,724 $ 114,069,070 $ 104,614,213 Ethanol production investments 400,239,135 358,692,270 406,847,671 All Others 280,201,221 173,092,120 189,450,417 Reconciliation (654,856,543) (506,764,519) (570,881,918) $ 164,396,537 $ 139,088,941 $ 130,030,383
Schedule of Segment Reporting Information, by Segment	The following tables set forth certain financial data for the Company’s reportable segments: Twelve Months Ended 2021 2020 2019 Net Sales Production $ 303,435,418 $ 194,329,476 $ 203,793,847 Ethanol production investments 1,102,373,242 827,657,609 762,022,409 All Others 13,957,720 14,354,618 10,779,321 Reconciliation (1,116,330,962) (842,012,227) (772,801,730) Total Net Sales $ 303,435,418 $ 194,329,476 $ 203,793,847 Net Income (Loss) Production $ 13,348,587 $ 2,835,871 $ (3,428,603) Ethanol production investments 96,680,090 12,920,291 22,562,651 All Others 4,211,889 2,463,008 2,265,231 Reconciliation (89,742,592) (12,340,507) (23,111,681) Total Net Income (Loss) $ 24,497,974 $ 5,878,663 $ (1,712,402) Interest Income (Expense) Production $ (197,741) $ 37,494 $ 219,824 Ethanol production investments (1,830,476) (2,448,882) (3,782,929) All Others 2,798,745 2,393,268 2,135,430 Reconciliation (968,269) 55,614 1,647,499 Total Net Interest Income (Expense) $ (197,741) $ 37,494 $ 219,824 Depreciation Expense Production $ 8,649,473 $ 8,710,647 $ 9,921,663 Ethanol production investments 3,299,705 3,740,976 11,126,496 All Others 237,508 382,994 940,898 Reconciliation (3,537,213) (4,123,970) (12,067,394) Total Depreciation $ 8,649,473 $ 8,710,647 $ 9,921,663 Equity in Net Income of Investments Production $ 11,149,386 $ 3,042,793 $ 1,716,200 Ethanol production investments 479,140 291,674 156,182 All Others — — — Reconciliation (479,140) (291,674) (156,182) Total Net Income of Investments $ 11,149,386 $ 3,042,793 $ 1,716,200

Lease Obligations (Tables)

Lease Obligations (Tables)	12 Months Ended
	Oct. 31, 2021
Leases [Abstract]
Lease, Cost	At October 31, 2021, the Company had the following approximate minimum rental commitments under non-cancelable operating leases: 2022 $ 1,245,460 2023 914,750 2024 441,150 2025 237,300 2026 138,425 Total $ 2,977,085 A reconciliation of the undiscounted future payments in the schedule above and the lease liabilities recognized in the consolidated balance sheet as of October 31, 2021, is shown below. Undiscounted future payments $ 2,977,085 Discount effect (210,732) Discounted future payments $ 2,766,353

Quarterly Financial Reporting_2

Quarterly Financial Reporting (Unaudited) (Tables)	12 Months Ended
	Oct. 31, 2021
Quarterly Financial Reported (Unaudited) [Abstract]
Schedule of Quarterly Financial Information	Summary quarterly results are as follows: First Quarter Second Quarter Third Quarter Fourth Quarter Year ended October 31, 2021 Total revenues $ 53,444,657 $ 59,659,528 $ 95,642,789 $ 94,688,444 Gross profit (loss) (5,443,665) 1,234,434 8,099,411 12,318,818 Operating income (loss) (6,651,882) 8,438 6,841,602 11,415,877 Net income (loss) (2,992,588) 777,275 $ 10,629,736 16,083,551 Basic & diluted income (loss) per unit $ (0.15) $ 0.04 $ 0.53 $ 0.81 Year ended October 31, 2020 Total revenues $ 57,567,896 $ 35,323,572 $ 44,902,846 $ 56,535,162 Gross profit (loss) 2,605,865 (6,707,483) 2,991,434 6,656,681 Operating income (loss) 1,331,903 (7,729,528) 1,996,857 5,802,880 Net income (loss) 3,414,218 (7,817,408) $ 2,715,403 7,566,450 Basic & diluted income (loss) per unit $ 0.17 $ (0.39) $ 0.14 $ 0.38 Year ended October 31, 2019 Total revenues $ 46,196,377 $ 49,608,660 $ 51,773,780 $ 56,215,030 Gross profit (loss) (621,266) 1,570,724 (1,502,206) 376,732 Operating income (loss) (1,592,662) 593,600 (2,430,563) (453,112) Net income (loss) (1,179,271) 1,228,441 (1,673,866) (87,706) Basic & diluted income (loss) per unit $ (0.06) $ 0.06 $ (0.08) $ —

Summary of Significant Accoun_3

Summary of Significant Accounting Policies Production (Details)	12 Months Ended
	Oct. 31, 2021USD ($)companygal	Oct. 31, 2020USD ($)	Oct. 31, 2019USD ($)
Product Information [Line Items]
Equity Method Investments, Number of Entities | company	5
Regulatory Liabilities | $	$ 0	$ 0	$ 0
Ethanol [Member]
Product Information [Line Items]
Annual Production Capacity | gal	120,000,000
Phantom Share Units (PSUs) [Member]
Product Information [Line Items]
Share-Based Compensation, Percentage of Net Income	1.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies Marketable Securities (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
Marketable Securities, Realized Gain (Loss)	$ 56,134	$ 410,209	$ 316,000
Marketable Securities	1,389,790	5,113,066
Mutual Fund [Member]
Schedule of Held-to-maturity Securities [Line Items]
Marketable Securities	1,025,000	4,835,000
Marketable Securities	$ 1,390,000	$ 5,113,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies Property and Equipment (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 206,998,272	$ 191,808,701
Gain (Loss) on Disposition of Other Assets	$ 2,608,000	$ 2,608,000
Property, Plant and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	3
Property, Plant and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	40

Summary of Significant Accoun_6

Summary of Significant Accounting Policies Concentration Risk (Details)	12 Months Ended
	Oct. 31, 2021
Revenue, Product and Service Benchmark [Member] | Product Concentration Risk | Ethanol [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	79.00%
Revenue, Product and Service Benchmark [Member] | Product Concentration Risk | Distillers Grains [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	16.00%
Revenue, Product and Service Benchmark [Member] | Product Concentration Risk | Corn Oil [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	500.00%
Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk | Corn [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	89.00%

Summary of Significant Accoun_7

Summary of Significant Accounting Policies Recent Accounting Pronouncements (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Accounting Policies [Abstract]
Operating Lease, Right-of-Use Asset	$ 2,766,353	$ 2,324,631

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Dec. 31, 2019	Oct. 31, 2019
Accounting Policies [Abstract]
Allowance for Doubtful Accounts, Premiums and Other Receivables	$ 0
Deferred Revenue	1,196,450	$ 1,313,177	$ 1,400,000
Regulatory Liabilities	0	0		$ 0
Gain (Loss) on Disposition of Other Assets	$ 2,608,000	$ 2,608,000
Equity Method Investment, Ownership Percentage	20.00%
Tax Adjustments, Settlements, and Unusual Provisions	$ 1

Summary of Significant Accoun_9

Summary of Significant Accounting Policies Deferred Revenue/Grant Rec (Details) - USD ($)	Dec. 01, 2019	Oct. 31, 2021	Oct. 31, 2020	Dec. 31, 2019
Deferred Revenue Arrangement [Line Items]
Deferred Revenue		$ 1,196,450	$ 1,313,177	$ 1,400,000
Grants Receivable		1,523,000
Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent		$ 1,196,000
Tax Incremental Financing [Member]
Deferred Revenue Arrangement [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Grant Agreement, Tax Increment Financing Monies, Period [Abstract]	10

Inventory (Details)

Inventory (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Inventory [Abstract]
Raw Materials	$ 14,671,316	$ 4,977,047
Work in Process	2,604,342	1,964,403
Finished Goods	1,356,184	1,405,314
Inventory	$ 18,631,842	$ 8,346,764

Bank Financing Long Term Debt (

Bank Financing Long Term Debt (Details) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019	Feb. 09, 2021	Apr. 07, 2020
Debt Instrument [Line Items]
Debt Instrument, Unused Borrowing Capacity, Amount	$ 30	$ 30
Debt Instrument, Interest Rate, Effective Percentage	324.00%	324.00%
Gain (Loss) on Extinguishment of Debt		$ 1,699,041	$ 0	$ 0
Debt Instrument, Interest Rate Terms		LIBOR
Farm Credit Services of America [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 0	$ 0	$ 0
Debt Instrument, Basis Spread on Variable Rate		3.15%
Cresco Union Savings Bank [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 838,000	$ 860,000
Debt Instrument, Interest Rate, Stated Percentage					100.00%	1.00%
Gain (Loss) on Extinguishment of Debt	838,000
Revolving Credit Facility [Member] | Farm Credit Services of America [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 35,000,000	$ 35,000,000

Related Party Transactions (Det

Related Party Transactions (Details) - Director [Member] - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party	$ 53,235,000	$ 37,269,000	$ 40,569,000
Due to Related Parties	$ 368,000	$ 593,000

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation	$ 734,999	$ 514,409
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 138,000	$ 153,000	$ 150,000
Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation, Percentage of Net Income	1.00%

Commitments, Contingencies an_3

Commitments, Contingencies and Agreements (Details) - Investee [Member] - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party	$ 15,662	$ 7,326
Ethanol [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	242,814	153,132	$ 161,953
Related Party Transaction, Expenses from Transactions with Related Party	259	200	243
Distillers Grains [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	47,158	34,950	34,987
Related Party Transaction, Expenses from Transactions with Related Party	273	247	258
Corn Oil [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties	16,990	7,999	7,685
Related Party Transaction, Expenses from Transactions with Related Party	$ 73	$ 62	$ 60

Risk Management Derivative Inst

Risk Management Derivative Instruments - Income Statement (Details) - Not Designated as Hedging Instrument [Member] - Commodity Contract [Member] - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Realized Gain (Loss) Recognized in Income, Net	$ (8,632,000)	$ 425,000	$ (310,000)
Derivative Instruments, Unrealized Gain (Loss) Recognized in Income, Net	(3,609,000)	(1,144,000)	861,000
Derivative Instruments, Gain (Loss) Recognized in Income, Net	(12,241,000)	(719,000)	551,000
Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Realized Gain (Loss) Recognized in Income, Net	(1,927,000)	(1,441,000)	(154,000)
Derivative Instruments, Unrealized Gain (Loss) Recognized in Income, Net	(995,000)	198,000	(116,000)
Derivative Instruments, Gain (Loss) Recognized in Income, Net	(2,922,000)	(1,243,000)	(270,000)
Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Realized Gain (Loss) Recognized in Income, Net	(6,705,000)	1,866,000	(156,000)
Derivative Instruments, Unrealized Gain (Loss) Recognized in Income, Net	(2,614,000)	(1,342,000)	977,000
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ (9,319,000)	$ 524,000	$ 821,000

Risk Management Derivative In_2

Risk Management Derivative Instruments - Balance Sheet Location (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative Instruments and Hedges, Assets	$ 1,517,196	$ 862,516
Fair Value, Recurring [Member] | Commodity Contract [Member] | Liability [Member]
Derivatives, Fair Value [Line Items]
Derivative Liabilities, Current	4,247,000	290,000
Fair Value, Recurring [Member] | Commodity Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Assets, Current	817,000	470,000
Restricted Cash and Cash Equivalents	4,947,000	683,000
Derivative Instruments and Hedges, Assets	$ 1,517,000	$ 863,000

Risk Management Long-Term Purch

Risk Management Long-Term Purchase Commitments (Details) $ in Thousands	12 Months Ended
	Oct. 31, 2021USD ($)bu	Oct. 31, 2020USD ($)bu
Long-term Purchase Commitment [Line Items]
Derivative, Term of Contract	12 months
Inventory Adjustments	$ 0	$ 0
Ethanol [Member]
Long-term Purchase Commitment [Line Items]
Product Usage, Percentage, Next Twelve Months	0.00%
Natural Gas [Member]
Long-term Purchase Commitment [Line Items]
Product Usage, Percentage, Next Twelve Months	67.00%
Product Usage, Percentage, Next 24 Months	12.00%
Long-term Purchase Commitment, Period	24 months
Corn [Member]
Long-term Purchase Commitment [Line Items]
Product Usage, Percentage, Next Twelve Months	9.00%
Derivative, Nonmonetary Notional Amount, Volume | bu	672,000	212,000
Financial Instruments, Owned, Physical Commodities, at Fair Value	$ 2,500	$ 805
Distillers Grains [Member] | Fixed-price Contract [Member]
Long-term Purchase Commitment [Line Items]
Sale commitments, Remaining Minimum Amount Committed	3,036
Corn [Member] | Fixed-price Contract [Member]
Long-term Purchase Commitment [Line Items]
Purchase Commitment, Remaining Minimum Amount Committed	4,051
Natural Gas [Member] | Fixed Price [Member]
Long-term Purchase Commitment [Line Items]
Purchase Commitment, Remaining Minimum Amount Committed	6,257
Corn Oil [Member] | Fixed-price Contract [Member]
Long-term Purchase Commitment [Line Items]
Sale commitments, Remaining Minimum Amount Committed	4,755
Affiliated Entity [Member]
Long-term Purchase Commitment [Line Items]
Purchase Obligation	$ 922

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Commodity Contract [Member] | Other Current Assets [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	$ 1,390,000	$ 5,113,000
Derivative Assets, Current	817,000	470,000
Commodity Contract [Member] | Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities		5,113,000
Derivative Assets, Current	122,000	470,000
Commodity Contract [Member] | Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	0	0
Derivative Assets, Current	695,000
Commodity Contract [Member] | Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	0	0
Derivative Assets, Current	0	0
Commodity Contract [Member] | Liability [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liabilities, Current	(4,247,000)	(290,000)
Commodity Contract [Member] | Liability [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liabilities, Current	(1,617,000)	(149,000)
Commodity Contract [Member] | Liability [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liabilities, Current	(2,630,000)	(141,000)
Commodity Contract [Member] | Liability [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liabilities, Current	0	0
Mutual Fund [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	1,025,000	$ 4,835,000
Mutual Fund [Member] | Commodity Contract [Member] | Other Current Assets [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Trading, and Equity Securities, FV-NI	$ 1,390,000

Investments (Details)

Investments (Details) - USD ($)	3 Months Ended												12 Months Ended
	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2021	Sep. 30, 2021	Oct. 31, 2020	Sep. 30, 2020	Oct. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
Schedule of Equity Method Investments [Line Items]
Equity in net income of investments													$ 11,149,386		$ 3,042,793		$ 1,716,200
Retained Earnings, Undistributed Earnings from Equity Method Investees	$ 12,373,000				$ 15,679,000								12,373,000		15,679,000
Investments	60,220,366				42,422,107								60,220,366		42,422,107
Other Assets	30,218,222				29,248,983								30,218,222		29,248,983
Liabilities, Current	15,998,323				11,194,110								15,998,323		11,194,110
Investments	25,583,813				25,019,870								25,583,813		25,019,870
Revenues	94,688,444	$ 95,642,789	$ 59,659,528	$ 53,444,657	56,535,162	$ 44,902,846	$ 35,323,572	$ 57,567,896	$ 56,215,030	$ 51,773,780	$ 49,608,660	$ 46,196,377	303,435,418		194,329,476		203,793,847
Gross Profit (loss)	12,318,818	$ 8,099,411	$ 1,234,434	$ (5,443,665)	6,656,681	$ 2,991,434	$ (6,707,483)	$ 2,605,865	$ 376,732	$ (1,502,206)	$ 1,570,724	$ (621,266)	16,208,998		5,546,497		$ (176,016)
Members' Equity (19,873,000 units issued and outstanding)	$ 144,835,879				$ 124,312,505								$ 144,835,879		$ 124,312,505
Equity Method Investment, Ownership Percentage	20.00%												20.00%
Schedule of Equity Method Investments													INVESTMENTS Condensed, combined financial information of the Company’s investments in Absolute Energy, Homeland Energy Solutions, Guardian Energy, Lawrenceville Tank and RPMG is as follows (in 000’s). Balance Sheet 9/30/2021 9/30/2020 9/30/2019 Current Assets $ 391,372 $ 285,395 $ 337,643 Other Assets 289,068 246,389 258,655 Current Liabilities 293,458 168,842 224,439 Long-term Debt 38,973 47,529 55,368 Members’ Equity 348,009 315,413 316,491 Twelve Months Ended Income Statement 9/30/2021 9/30/2020 9/30/2019 Revenue $ 1,117,485 $ 847,425 $ 776,635 Gross Profit 102,604 58,093 34,731 Net Income 100,927 40,259 25,026 The following table (in 000's) shows the condensed financial information of Homeland Energy Solutions and Guardian Energy, which each represents greater than 10% of the Company's net income for the year ended October 31, 2021. Homeland Energy Solutions Condensed Financial Information Balance Sheet 9/30/2021 9/30/2020 9/30/2019 Current Assets $ 72,672 $49,855 $92,654 Other Assets 125,488 134,837 18,578 Current Liabilities 14,647 13,018 47,436 Long-term Debt 626 11,729 18,574 Members’ Equity 182,887 159,945 165,222 Twelve Months Ended Income Statement 9/30/2021 9/30/2020 9/30/2019 Revenue $ 432,479 $ 288,582 $ 313,029 Gross Profit 35,416 24,101 13,093 Net Income 32,626 12,289 10,599 Guardian Energy Condensed Financial Information Balance Sheet 9/30/2021 9/30/2020 9/30/2019 Current Assets $ 34,257 $ 19,089 $ 21,800 Other Assets 27,880 26,309 26,935 Current Liabilities 26,532 10,499 16,379 Long-term Debt 38,347 35,043 36,794 Members' Equity (2,741) (144) (4,439) Twelve Months Ended Income Statement 9/30/2021 9/30/2020 9/30/2019 Revenue $ 375,063 $ 340,462 $ 245,656 Gross Profit 42,635 23,303 10,533 Net Income 38,403 17,147 5,215
Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Equity in net income of investments														$ 100,927,000		$ 40,259,000		$ 25,026,000
Investments																391,372,000		285,395,000	$ 337,643,000
Other Assets																289,068,000		246,389,000	258,655,000
Liabilities, Current																293,458,000		168,842,000	224,439,000
Long-term Debt																38,973		47,529	55,368
Revenues														1,117,485,000		847,425,000		776,635,000
Gross Profit (loss)														102,604,000		58,093,000		34,731,000
Members' Equity (19,873,000 units issued and outstanding)																348,009,000		315,413,000	$ 316,491,000
Homeland Energy Solutions [Member]
Schedule of Equity Method Investments [Line Items]
Equity in net income of investments													$ 2,650,000	32,626,000		12,289,000		10,599,000
Investments														72,672,000		49,855,000		92,654,000
Other Assets														125,488,000		134,837,000		18,578,000
Liabilities, Current														14,647,000		13,018,000		47,436,000
Long-term Debt														626,000		11,729,000		18,574,000
Revenues														432,479,000		288,582,000		313,029,000
Gross Profit (loss)														35,416,000		24,101,000		13,093,000
Members' Equity (19,873,000 units issued and outstanding)														182,887,000		159,945,000		165,222,000
Equity Method Investment, Ownership Percentage	1000.00%												1000.00%
Guardian Energy [Member]
Schedule of Equity Method Investments [Line Items]
Equity in net income of investments													$ 6,181,000	38,403,000		17,147,000		5,215,000
Investments														34,257,000		19,089,000		21,800,000
Other Assets														27,880,000		26,309,000		26,935,000
Liabilities, Current														26,532,000		10,499,000		16,379,000
Long-term Debt														38,347,000		35,043,000		36,794,000
Revenues														375,063,000		340,462,000		245,656,000
Gross Profit (loss)														42,635,000		23,303,000		10,533,000
Members' Equity (19,873,000 units issued and outstanding)														$ (2,741,000)		$ (144,000)		$ (4,439,000)
Equity Method Investment, Ownership Percentage	1000.00%												1000.00%
Absolute Energy [Member]
Schedule of Equity Method Investments [Line Items]
Equity in net income of investments													$ 1,903,000
Other Equity Investments [Member]
Schedule of Equity Method Investments [Line Items]
Equity in net income of investments													$ 415,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	3 Months Ended												12 Months Ended
	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Income	$ 16,083,551	$ 10,629,736	$ 777,275	$ (2,992,588)	$ 7,566,450	$ 2,715,403	$ (7,817,408)	$ 3,414,218	$ (87,706)	$ (1,673,866)	$ 1,228,441	$ (1,179,271)	$ 24,497,974	$ 5,878,663	$ (1,712,402)
Interest Expense													(197,741)
Interest and Other Income														37,494	219,824
Depreciation													8,649,473	8,710,647	9,921,663
Equity in net income of investments													11,149,386	3,042,793	1,716,200
Assets	164,396,537				139,088,941				130,030,383				164,396,537	139,088,941	130,030,383
Revenues	94,688,444	$ 95,642,789	$ 59,659,528	$ 53,444,657	56,535,162	$ 44,902,846	$ 35,323,572	$ 57,567,896	56,215,030	$ 51,773,780	$ 49,608,660	$ 46,196,377	303,435,418	194,329,476	203,793,847
Capital expenditures													13,587,812	6,710,121	11,538,228
Investments	25,583,813				25,019,870								25,583,813	25,019,870
Production Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Income													13,348,587	2,835,871	(3,428,603)
Interest Expense													197,741
Interest and Other Income														37,494	219,824
Depreciation													8,649,473	8,710,647	9,921,663
Equity in net income of investments													11,149,386	3,042,793	1,716,200
Assets	138,812,724				114,069,070				104,614,213				138,812,724	114,069,070	104,614,213
Revenues													303,435,418	194,329,476	203,793,847
Capital expenditures													13,587,812	6,710,121
Investments	25,583,813				25,019,870								25,583,813	25,019,870
Ethanol Production Investments Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Income													96,680,090	12,920,291	22,562,651
Interest Expense													1,830,476
Interest and Other Income														(2,448,882)	(3,782,929)
Depreciation													3,299,705	3,740,976	11,126,496
Equity in net income of investments													479,140	291,674	156,182
Assets	400,239,135				358,692,270				406,847,671				400,239,135	358,692,270	406,847,671
Revenues													1,102,373,242	827,657,609	762,022,409
Capital expenditures													19,890,620	17,847,351
Investments	2,133,725				2,082,316								2,133,725	2,082,316
Other Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Income													4,211,889	2,463,008	2,265,231
Interest Expense													(2,798,745)
Interest and Other Income														2,393,268	2,135,430
Depreciation													237,508	382,994	940,898
Equity in net income of investments													0	0	0
Assets	280,201,221				173,092,120				189,450,417				280,201,221	173,092,120	189,450,417
Revenues													13,957,720	14,354,618	10,779,321
Capital expenditures													4,724,477	3,884,317
Investments	3,379,269				3,499,686								3,379,269	3,499,686
Segment Reconciliation
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Income													(89,742,592)	(12,340,507)	(23,111,681)
Interest Expense													968,269
Interest and Other Income														55,614	1,647,499
Depreciation													(3,537,213)	(4,123,970)	(12,067,394)
Equity in net income of investments													(479,140)	(291,674)	(156,182)
Assets	(654,856,543)				(506,764,519)				$ (570,881,918)				(654,856,543)	(506,764,519)	(570,881,918)
Revenues													(1,116,330,962)	(842,012,227)	$ (772,801,730)
Capital expenditures													(24,615,097)	(21,731,668)
Investments	$ (5,512,994)				$ (5,582,002)								$ (5,512,994)	$ (5,582,002)

Members' Equity (Details)

Members' Equity (Details)	Oct. 31, 2021shares
Common Stock [Member]
Class of Stock [Line Items]
Members' Equity, units issued and outstanding	19,873,000

Lease Obligations (Details)

Lease Obligations (Details) - USD ($)	12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Operating Leased Assets [Line Items]
Operating Lease, Payments	$ 1,452,000	$ 1,467,000	$ 1,975,000
Operating Lease, Weighted Average Remaining Lease Term	2 years 5 months 8 days
Operating Lease, Weighted Average Discount Rate, Percent	495.00%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	$ (210,732)
Operating Lease, Right-of-Use Asset	2,766,353	$ 2,324,631
Equipment [Member]
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Liability, to be Paid, Year One	1,245,460
Lessee, Operating Lease, Liability, to be Paid, Year Two	914,750
Lessee, Operating Lease, Liability, to be Paid, Year Three	441,150
Lessee, Operating Lease, Liability, to be Paid, Year Four	237,300
Lessee, Operating Lease, Liability, to be Paid, Year Five	138,425
Lessee, Operating Lease, Liability, to be Paid	$ 2,977,085

Quarterly Financial Reporting_3

Quarterly Financial Reporting (Unaudited) (Details) - USD ($)	3 Months Ended												12 Months Ended
	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2019
Quarterly Financial Reported (Unaudited) [Abstract]
Total revenues	$ 94,688,444	$ 95,642,789	$ 59,659,528	$ 53,444,657	$ 56,535,162	$ 44,902,846	$ 35,323,572	$ 57,567,896	$ 56,215,030	$ 51,773,780	$ 49,608,660	$ 46,196,377	$ 303,435,418	$ 194,329,476	$ 203,793,847
Gross Profit (loss)	12,318,818	8,099,411	1,234,434	(5,443,665)	6,656,681	2,991,434	(6,707,483)	2,605,865	376,732	(1,502,206)	1,570,724	(621,266)	16,208,998	5,546,497	(176,016)
Operating Income (loss)	11,415,877	6,841,602	8,438	(6,651,882)	5,802,880	1,996,857	(7,729,528)	1,331,903	(453,112)	(2,430,563)	593,600	(1,592,662)	11,614,035	1,402,112	(3,882,737)
Net Income (loss)	$ 16,083,551	$ 10,629,736	$ 777,275	$ (2,992,588)	$ 7,566,450	$ 2,715,403	$ (7,817,408)	$ 3,414,218	$ (87,706)	$ (1,673,866)	$ 1,228,441	$ (1,179,271)	$ 24,497,974	$ 5,878,663	$ (1,712,402)
Basic & diluted earnings (loss) per unit	$ 0.81	$ 0.53	$ 0.04	$ (0.15)	$ 0.38	$ 0.14	$ (0.39)	$ 0.17	$ 0	$ (0.08)	$ 0.06	$ (0.06)

Subsequent Events (Details)

Subsequent Events (Details)	Dec. 20, 2021$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Common Stock, Dividends, Per Share, Declared	$ 1.75