Cardinal Ethanol (CRDE) 10-Q 5 Feb 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Dec. 31, 2013	Feb. 05, 2014
Entity Information [Line Items]	'	'
Entity Registrant Name	'Cardinal Ethanol LLC	'
Entity Central Index Key	'0001352081	'
Current Fiscal Year End Date	'--09-30	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	14,606

Balance_Sheets

Balance Sheets (USD $)	Dec. 31, 2013	Sep. 30, 2013
Current Assets	'	'
Cash	$23,586,361	$24,216,700
Restricted cash	1,809,520	1,859,132
Trade accounts receivable	23,077,086	20,857,587
Miscellaneous receivables	122,941	99,008
Inventories	10,805,922	10,324,442
Prepaid and other current assets	771,519	547,913
Commodity derivative instruments	765,378	9,241
Total current assets	60,938,727	57,914,023
Property, Plant, and Equipment	'	'
Land and land Improvements	21,124,597	21,124,597
Plant and equipment	125,061,604	122,831,387
Building	7,007,100	7,007,100
Office equipment	546,050	546,050
Vehicles	31,928	31,928
Construction in process	228,941	422,624
Gross property, plant and equipment	154,000,220	151,963,686
Less accumulated depreciation	-43,800,412	-41,652,470
Net property, plant, and equipment	110,199,808	110,311,216
Other Assets	'	'
Deposits	0	80,000
Investment	474,837	474,837
Total other assets	474,837	554,837
Total Assets	171,613,372	168,780,076
Current Liabilities	'	'
Accounts payable	2,856,762	3,634,513
Accounts payable- corn	20,257,484	3,003,673
Accrued expenses	1,359,718	1,843,249
Commodity derivative instruments	182,225	197,431
Derivative instruments - interest rate swap	0	681,233
Current maturities of long-term debt and capital lease obligations	0	3,789,265
Total Current Liabilities	24,656,189	13,149,364
Long-Term Debt	0	24,154,710
Commitments and Contingencies	'	'
Members’ Equity	'	'
Members' contributions, net of cost of raising capital,14,606 units authorized, issued and outstanding	70,912,213	70,912,213
Accumulated other comprehensive loss	0	-681,233
Retained earnings	76,044,970	61,245,022
Total members' equity	146,957,183	131,476,002
Total Liabilities and Members’ Equity	$171,613,372	$168,780,076

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical)	Dec. 31, 2013	Sep. 30, 2013
Members' contributions, units issued and outstanding	14,606	14,606

Condensed_Statements_of_Operat

Condensed Statements of Operations and Comprehensive Income (Unaudited) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Revenues	$83,572,765	$85,083,385
Cost of Goods Sold	59,917,216	83,421,224
Gross Profit	23,655,549	1,662,161
Operating Expenses	1,220,865	1,069,923
Operating Income	22,434,684	592,238
Other Income (Expense)	'	'
Interest income	9,188	865
Interest expense	-726,737	-662,619
Miscellaneous income	20,664	7,541
Total Other Income	-696,885	-654,213
Net Income (Loss)	21,737,799	-61,975
Weight Average Units Outstanding - basic and diluted	14,606	14,606
Net Income (Loss) Per Unit - basic and diluted	$1,488.28	($4.24)
Distributions Per Unit	$475	$0
Comprehensive Income (Loss):	'	'
Net Income (Loss)	21,737,799	-61,975
Interest rate swap fair value change and reclassification, net	681,233	369,438
Comprehensive Income	$22,419,032	$307,463

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash Flows from Operating Activities	'	'
Net Income (Loss)	$21,737,799	($61,975)
Adjustments to reconcile net income to net cash from operations:	'	'
Depreciation and amortization	2,147,942	2,157,451
Change in fair value of commodity derivative instruments	-954,333	-2,424,506
Lower of cost or market adjustments to inventory	0	1,002,706
Change in operating assets and liabilities:	'	'
Restricted cash	49,612	3,494,429
Trade accounts receivables	-2,219,499	6,161,358
Miscellaneous receivable	-23,933	70,208
Inventories	-481,480	-7,206,735
Prepaid and other current assets	-223,606	-251,862
Deposits	80,000	0
Commodity Derivative instruments	182,990	-848,160
Accounts payable	-1,105,583	991,785
Accounts payable-corn	17,253,811	8,619,157
Accrued expenses	-483,531	-138,882
Net cash provided by operating activities	35,960,189	11,564,974
Cash Flows from Investing Activities	'	'
Capital expenditures	-1,515,019	-37,962
Payments for construction in process	-193,683	-225,770
Net cash used for investing activities	-1,708,702	-263,732
Cash Flows from Financing Activities	'	'
Distributions paid	-6,937,851	0
Payments on long-term debt	-27,943,975	-882,216
Net cash used for financing activities	-34,881,826	-882,216
Net Increase (Decrease) in Cash	-630,339	10,419,026
Cash – Beginning of Period	24,216,700	682,943
Cash – End of Period	23,586,361	11,101,969
Supplemental Cash Flow Information	'	'
Interest paid	1,255,531	672,200
Supplemental Disclosure of Noncash Investing and Financing Activities	'	'
Capital expenditures included in accrued expenses	$327,832	$14,931

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	The accompanying unaudited condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted as permitted by such rules and regulations. These financial statements and related notes should be read in conjunction with the financial statements and notes thereto included in the Company's audited financial statements for the year ended September 30, 2013, contained in the Company's annual report on Form 10-K.
	In the opinion of management, the interim condensed financial statements reflect all adjustments considered necessary for fair presentation.
	Nature of Business
	Cardinal Ethanol, LLC, (the “Company”) is an Indiana limited liability company currently producing fuel-grade ethanol, distillers grains, corn oil and carbon dioxide near Union City, Indiana and sells these products throughout the continental United States. The Company's plant has an approximate annual production capacity between 100 and 115 million gallons.
	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. The Company uses estimates and assumptions in accounting for the following significant matters, among others; the useful lives of fixed assets, allowance for doubtful accounts, the valuation of basis and delay price contracts on corn purchases, derivatives, inventory, patronage dividends, long-lived assets and inventory purchase commitments. Actual results may differ from previously estimated amounts, and such differences may be material to the financial statements. The Company periodically reviews estimates and assumptions, and the effects of revisions are reflected in the period in which the revision is made.
	Restricted Cash
	As a part of its commodities hedging activities, the Company is required to maintain cash balances with our commodities trading companies for initial and maintenance margins on a per futures contract basis. Changes in the market value of contracts may increase these requirements. As the futures contracts expire, the margin requirements also expire. Accordingly, we record the cash maintained with the traders in the margin accounts as restricted cash. Since this cash is immediately available to us upon request when there is a margin excess, we consider this restricted cash to be a current asset.
	Inventories
	Inventories consist of raw materials, work in process, finished goods and parts. Corn is the primary raw material. Finished goods consist of ethanol, dried distiller grains and corn oil. Inventories are stated at the lower of weighted average cost or market. Market is based on current replacement values except that it does not exceed net realizable values and it is not less than net realizable values reduced by allowances from normal profit margins.
	Property, Plant and Equipment
	Property, plant, and equipment are stated at cost. Depreciation is provided over estimated useful lives by use of the straight line depreciation method. Maintenance and repairs are expensed as incurred; major improvements and betterments are capitalized. Construction in progress expenditures will be depreciated using the straight-line method over their estimated useful lives once the assets are placed into service. Depreciation expense totaled approximately $2,148,000 for the three month period ended December 31, 2013. Depreciation for the same period in 2012 was approximately $2,130,000.
	Long-Lived Assets
	The Company reviews its long-lived assets, such as property, plant and equipment and financing costs, subject to depreciation and amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by an asset to the carrying value of the asset. If the carrying value of the long-lived asset is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.
	Investments
	Investments consist of the capital stock and patron equities of the Company's distillers grains marketer. The investments are stated at the lower of cost or fair value and adjusted for non cash patronage equities received.
	Interest income is recognized as earned. Patronage dividends are recognized when received.
	Revenue Recognition
	The Company generally sells ethanol and related products pursuant to marketing agreements. Revenues from the production of ethanol and the related products are recorded when the customer has taken title and assumed the risks and rewards of ownership, prices are fixed or determinable and collectability is reasonably assured. The Company believes that there are no ethanol sales, during any given month, which should be considered contingent and recorded as deferred revenue. The Company's products are sold Free on Board (FOB) shipping point.
	In accordance with the Company's agreements for the marketing and sale of ethanol and related products, marketing fees, commissions and freight due to the marketers are deducted from the gross sales price at the time incurred. Revenue is recorded net of these commissions and freight as they do not provide an identifiable benefit that is sufficiently separable from the sale of ethanol and related products.
	Net Income per Unit
	Basic net income per unit is computed by dividing net income by the weighted average number of members' units outstanding during the period. Diluted net income per unit is computed by dividing net income by the weighted average number of members' units and members' unit equivalents outstanding during the period. There were no member unit equivalents outstanding during the periods presented; accordingly, the Company's basic and diluted net income per unit are the same.

Concentrations

Concentrations	3 Months Ended
	Dec. 31, 2013
Concentrations [Abstract]	'
Concentrations	'
	CONCENTRATIONS
	Two major customers accounted for approximately 98% and 97% of the outstanding accounts receivable balance at December 31, 2013 and September 30, 2013, respectively. These same two customers accounted for approximately 97% of revenue for both the three month periods ended December 31, 2013 and 2012.

Inventories

Inventories	3 Months Ended
	Dec. 31, 2013
Inventories [Abstract]	'
Inventories	'
	INVENTORIES
	Inventories consist of the following as of:
		December 31, 2013 (Unaudited)		30-Sep-13
	Raw materials	$	4,993,366	$	2,454,803
	Work in progress	1,687,074		2,382,833
	Finished goods	2,278,849		3,756,410
	Spare parts	1,846,633		1,730,396
	Total	$	10,805,922	$	10,324,442
	In the ordinary course of business, the Company enters into forward purchase contracts for its commodity purchases and sales. At December 31, 2013, the Company had forward corn purchase contracts at various fixed prices for various delivery periods through September 2015 for a total commitment of approximately $7,301,000. Approximately $1,305,000 of the forward corn purchases were with a related party. Given the uncertainty of future ethanol and corn prices, the Company could incur a loss on the outstanding corn purchase contracts in future periods. Management has evaluated these forward contracts using a methodology similar to that used in the lower of cost or market evaluation with respect to inventory valuation, and has determined that no impairment existed at December 31, 2013 or September 30, 2013. At December 31, 2013, the Company had approximately 4,640,000 gallons of forward, fixed price ethanol sales contracts. In addition, the Company has forward dried distiller grains sales contracts of approximately 167,000 tons at various fixed prices for various delivery periods through September 2014.

Derivative_Instruments

Derivative Instruments

3 Months Ended

Dec. 31, 2013

Derivative Instruments [Abstract]

'

Derivative Instruments

'

DERIVATIVE INSTRUMENTS

The Company enters into corn, ethanol and natural gas derivative instruments, which are required to be recorded as either assets or liabilities at fair value in the balance sheet. Derivatives qualify for treatment as hedges when there is a high correlation between the change in fair value of the derivative instrument and the related change in value of the underlying hedged item. The Company must designate the hedging instruments based upon the exposure being hedged as a fair value hedge, a cash flow hedge or a hedge against foreign currency exposure. The Company formally documents, designates, and assesses the effectiveness of transactions that receive hedge accounting initially and on an on-going basis.

Commodity Contracts

The Company enters into commodity-based derivatives, for corn, ethanol and natural gas in order to protect cash flows from fluctuations caused by volatility in commodity prices. This is also done to protect gross profit margins from potentially adverse effects of market and price volatility on commodity based purchase commitments where the prices are set at a future date. These derivatives are not designated as effective hedges for accounting purposes. For derivative instruments that are not accounted for as hedges, or for the ineffective portions of qualifying hedges, the change in fair value is recorded through earnings in the period of change. The changes in the fair market value of ethanol derivative instruments are included as a component of revenue.  The changes in the fair market value of corn and natural gas derivative instruments are included as a component of cost of goods sold.

The table below shows the underlying quantities of corn, ethanol and natural gas resulting from the short (selling) positions and long (buying) positions that the Company had to hedge its forward corn contracts, corn inventory, ethanol sales and natural gas purchases. Corn positions are traded on the Chicago Board of Trade and ethanol and natural gas positions are traded on the New York Mercantile Exchange. These derivatives have not been designated as an effective hedge for accounting purposes. Corn and ethanol derivatives are forecasted to settle for various delivery periods through December 2015 and January 2014, respectively, as of December 31, 2013.

The following table indicates the bushels of corn under derivative contracts as of:

December 31, 2013

30-Sep-13

Short

2,875,000

2,115,000

Long

8,210,000

6,105,000

The following table indicates the gallons of ethanol under derivative contracts as of:

December 31, 2013

30-Sep-13

Short

42,000

2,310,000

Long

3,150,000

6,636,000

Interest Rate Contract

The Company previously managed part of its floating rate debt using an interest rate swap associated with the "Fixed Rate Note" as defined in our loan agreement. Please see Note 6 below. The Company entered into a fixed rate swap to alter its exposure to the impact of changing interest rates on its results of operations and future cash outflows for interest. Fixed rate swaps are used to reduce the Company's risk of the possibility of increased interest costs. Interest rate swap contracts are therefore used by the Company to separate interest rate risk management from the debt funding decision.

At December 31, 2013, the Company had no amount outstanding in the swap agreement that exchange variable interest rates (LIBOR) for fixed interest rates over the terms of the agreements and are designated as cash flow hedges of the interest rate risk attributable to forecasted variable interest payments. The effective portion of the fair value gains or losses on this swap was included as a component of accumulated other comprehensive loss.

The interest rate swaps held by the Company during the first quarter of fiscal 2014 qualified as a cash flow hedge. For this qualifying hedge, the effective portion of the change in fair value is recognized through earnings when the underlying transaction being hedged affects earnings, allowing a derivative's gains and losses to offset related results from the hedged item on the income statement. On October 8, 2013, the Company terminated the swap agreement for the amount of $662,597, which represented the fair value of the interest rate hedge at the time of termination.

The following table provides balance sheet details regarding the Company's derivative financial instruments at December 31, 2013:

Instrument

Balance Sheet Location

Assets

Liabilities

Ethanol derivative contracts

Commodity Derivative Instruments - Current

$

765,378

$

—

Corn derivative contracts

Commodity Derivative Instruments - Current

$

—

$

182,225

As of December 31, 2013 the Company had approximately $1,810,000 of cash collateral (restricted cash) related to ethanol and corn derivatives held by two brokers.

The following table provides balance sheet details regarding the Company's derivative financial instruments at September 30, 2013:

Instrument

Balance Sheet Location

Assets

Liabilities

Interest rate swap

Derivative Instruments - Current

$

—

$

681,233

Ethanol derivative contracts

Commodity Derivative Instruments - Current

9,241

—

Corn derivative contracts

Commodity Derivative Instruments - Current

—

197,431

As of September 30, 2013 the Company had approximately $1,859,000 of cash collateral (restricted cash) related to ethanol and corn derivatives held by two brokers. Subsequent to the fiscal year ended September 30, 2013, the Company had a margin call

and paid $498,000 to the brokers in order to maintain their minimum maintenance requirements.

The following tables provide details regarding the gains and (losses) from the Company's derivative instruments in other comprehensive income and statement of operations for the three months ended December 31, 2013:

Derivatives in Cash Flow Hedging Relationship

Amount of Gain Recognized In OCI on Derivative

Location of Loss Reclassified From Accumulated OCI into Income

Amount of Gain Reclassified From Accumulated OCI into Income on Derivative

Location of Gain Recognized in Income

Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective portion)

Interest rate swap

$

18,636

Interest expense

$

662,597

Interest expense

$

—

The amount of gain reclassified from accumulated other comprehensive income into income on derivatives included a reclassification of $662,597 into earnings as interest expense resulting from the termination of the swap.

The following tables provide details regarding the gains and (losses) from the Company's derivative instruments in other comprehensive income and statement of operations for the three months ended December 31, 2012:

Derivatives in Cash Flow Hedging Relationship

Amount of Loss Recognized In OCI on Derivative

Location of Loss Reclassified From Accumulated OCI into Income

Amount of Gain Reclassified From Accumulated OCI into Income on Derivative

Location of Gain Recognized in Income

Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective portion)

Interest rate swap

$

(5,845

)

Interest expense

$

375,283

Interest expense

$

—

The following table provides details regarding the gains and (losses) from the Company's derivative instruments in the statements of operations, none of which are designated as hedging instruments for the three months ended December 31, 2013:

Instrument

Statement of Operations Location

Amount

Corn Derivative Contracts

Cost of Goods Sold

$

(1,704,802

)

Ethanol Derivative Contracts

Revenues

2,660,651

Natural Gas Derivative Contracts

Cost of Goods Sold

(1,516

)

Totals

$

954,333

The following table provides details regarding the gains and (losses) from the Company's derivative instruments in the statements of operations, none of which are designated as hedging instruments for the three months ended December 31, 2012:

Instrument

Statement of Operations Location

Amount

Corn Derivative Contracts

Cost of Goods Sold

$

2,508,147

Ethanol Derivative Contracts

Revenues

(83,641

)

Totals

$

2,424,506

Fair_Value_Instruments

Fair Value Instruments	3 Months Ended
	Dec. 31, 2013
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	FAIR VALUE MEASUREMENTS
	The following table provides information on those assets and liabilities measured at fair value on a recurring basis as of December 31, 2013:
	Derivatives	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
	Corn Derivative Contracts	(182,225	)	(182,225	)	(182,225	)	—		—
	Ethanol Derivative Contracts	765,378		765,378		765,378		—		—
	The following table provides information on those assets and liabilities measured at fair value on a recurring basis as of September 30, 2013:
	Derivatives	Carrying Amount			Fair Value			Level 1			Level 2			Level 3
	Interest Rate Swap Liability	$	(681,233	)	$	(681,233	)	$	—		$	(681,233	)	$	—
	Corn Derivative Contracts	$	(197,431	)	(197,431		)	(197,431		)	—			—
	Ethanol Derivative Contracts	$	9,241		9,241			9,241			—			—
	We determined the fair value of the interest rate swap shown in the table above by using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each instrument. The analysis reflects the contractual terms of the swap agreement, including the period to maturity and uses observable market-based inputs and uses the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. We determine the fair value of commodity derivative instruments by obtaining 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 the Chicago Board of Trade market and New York Mercantile Exchange.

Bank_Financing

Bank Financing	3 Months Ended
	Dec. 31, 2013
Bank Financing [Abstract]	'
Bank Financing	'
	BANK FINANCING
	On December 19, 2006, the Company entered into a definitive loan agreement with a financial institution for a construction loan of up to $83,000,000, a short-term revolving line of credit of $10,000,000 and letters of credit of $3,000,000. In connection with this agreement, the Company also entered into an interest rate swap agreement fixing the interest rate on $41,500,000 of debt. In April 2009, the construction loan was converted into three separate term loans: a fixed rate note, a variable rate note, and a long term revolving note. The fixed rate note was applicable to the interest rate swap agreement. The term loans had a maturity of five years with a ten-year amortization and were set to mature on April 8, 2014.
	On June 10, 2013, the Company closed on a new loan agreement which replaces an earlier agreement. The agreement establishes two new notes, the Declining Revolving Note (Declining Note) and the Revolving Credit Note in exchange for liens on all property (real and personal, tangible and intangible) which include, among other things, a mortgage on the property, a security interest on commodity trading accounts, and assignment of material contracts. On October 8, 2013, we executed a First Amendment of the First Amended and Restated Construction Loan Agreement (the "First Amendment") with our lender. The First Amendment amends the date upon which the Declining Revolving Credit Note begins to revolve, from April 8, 2014 to October 8, 2013.
	Declining Note
	The Declining Note had an initial principal balance of $28,889,410 and incorporated an interest rate swap from the earlier loan agreement which was set to expire on April 8, 2014. The interest rate swap fixed the interest rate at 8.11% per year until expiration. On October 8, 2013, the interest rate swap was terminated. The amount paid upon termination of the interest rate swap was $662,597. In addition, we paid $10,958,643 towards the balance of the Declining Note on October 8, 2013 and an additional $16,985,332 towards the Declining Note to pay the balance in full on October 17, 2013. The interest rate on the Declining Note is now based on the 3-month LIBOR plus three hundred basis points. The interest rate at December 31, 2013 was 3.24%. There were no borrowings outstanding on the Declining Note at December 31, 2013. The fair value of the interest rate swap at December 31, 2013 was $0 and was $681,233 at September 30, 2013 and is included in current liabilities on the balance sheet (Note 4).
	Revolving Credit Note The Revolving Credit Note has a limit of $15,000,000 supported by a borrowing base made up of the Company's corn, ethanol, dried distillers grain and corn oil inventories reduced by accounts payable associated with those inventories having a priority. It is also supported by the eligible accounts receivable and commodity trading account excess margin funds. The interest rate on the Revolving Credit Note is based on the 1-month LIBOR plus three hundred basis points. The interest rate at December 31, 2013 was 3.17%. There were no borrowings outstanding on the Revolving Credit Note at December 31, 2013 or September 30, 2013.
	These loans are subject to protective covenants, which restrict distributions and require the Company to maintain various financial ratios. The covenants include a fixed charge coverage ratio of no less than 1.15:1.0 a working capital requirement of $15,000,000, and a capital expenditures covenant that allows the Company $4,000,000 of expenditures per year without prior approval.
	In January 2014, the Company began negotiating with its primary lender to amend its loan agreement to replace the Declining Revolving Note with an alternate loan facility with a lower balance available to the Company for borrowings. In exchange, the Company expects that the lender will agree to reduce or even eliminate some of the restrictive covenants with which the Company must currently comply as described above. The Company expects that the Revolving Credit Note would be renewed for a one-year period under substantially the same terms as currently provided. The Company anticipates that negotiations will be completed in the second quarter of fiscal 2014. However, definitive agreements have not yet been finalized and there is no assurance that such documents if executed will contain the terms described herein.

Leases

Leases	3 Months Ended
	Dec. 31, 2013
Leases [Abstract]	'
Leases	'
	LEASES
	At December 31, 2013, the Company had the following commitments for payments of rentals under leases which at inception had a non-cancellable term of more than one year:
		Total
	January 1, 2014 to December 31, 2014	$	1,076,426
	January 1, 2015 to December 31, 2015	1,172,964
	January 1, 2016 to December 31, 2016	1,172,964
	January 1, 2017 to December 31, 2017	1,172,964
	January 1, 2018 to December 31, 2018	975,829
	Total minimum lease commitments	$	5,571,147

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Dec. 31, 2013
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	COMMITMENTS AND CONTINGENCIES
	Contingencies
	In February 2010, a lawsuit against the Company was filed by an unrelated party claiming the Company's operation of the oil separation system in a patent infringement. In connection with the lawsuit, in February 2010, the agreement for the construction and installation of the tricanter oil separation system was amended. In this amendment the manufacturer and installer of the tricanter oil separation system indemnifies the Company against all claims of infringement of patents, copyrights or other intellectual property rights from the Company's purchase and use of the tricanter oil system and agrees to defend the Company in the lawsuit filed at no expense to the Company. The Company is not currently able to predict the outcome of this litigation with any degree of certainty. The manufacturer has, and the Company expects it will continue, to vigorously defend itself and the Company in these lawsuits. The Company estimates that damages sought in this litigation, if awarded, would be based on a reasonable royalty to, or lost profits of, the plaintiff. If the court deems the case exceptional, attorney's fees may be awarded and are likely to be $1,000,000 or more. The manufacturer has also agreed to indemnify the Company for these fees. However, in the event that damages are awarded, if the manufacturer is unable to fully indemnify the Company for any reason, the Company could be liable. In addition, the Company may need to cease use of its current oil separation process and seek out a replacement or cease oil production altogether.

Uncertainties_Impacting_the_Et

Uncertainties Impacting the Ethanol Industry and Our Future Operations	3 Months Ended
	Dec. 31, 2013
Uncertainties Impacting the Ethanol Industry and Our Future Operations [Abstract]	'
Uncertainties Impacting the Ethanol Industry and Our Future Operations	'
	UNCERTAINTIES IMPACTING THE ETHANOL INDUSTRY AND OUR FUTURE OPERATIONS
	The Company has certain risks and uncertainties that it experiences 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, distillers grains and corn oil to customers primarily located in the U.S. Corn for the production process is supplied to the plant primarily from local agricultural producers and from purchases on the open market. Ethanol sales average approximately 78% of total revenues and corn costs average 82% of total cost of goods sold.
	The Company's operating and financial performance is largely driven by prices at which the Company sells ethanol, distillers grains and corn oil, and the related cost of corn. The price of ethanol is influenced by factors such as supply and demand, weather, government policies and programs, and the unleaded gasoline and the petroleum markets, although, since 2005, the prices of ethanol and gasoline began a divergence with ethanol selling 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, government policies and programs. The Company's risk management program is used to protect against the price volatility of these commodities.

Accounting_Policies

Accounting Policies	3 Months Ended
	Dec. 31, 2013
Summary of Significant 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. The Company uses estimates and assumptions in accounting for the following significant matters, among others; the useful lives of fixed assets, allowance for doubtful accounts, the valuation of basis and delay price contracts on corn purchases, derivatives, inventory, patronage dividends, long-lived assets and inventory purchase commitments. Actual results may differ from previously estimated amounts, and such differences may be material to the financial statements. The Company periodically reviews estimates and assumptions, and the effects of revisions are reflected in the period in which the revision is made.
Restricted Cash	'
	Restricted Cash
	As a part of its commodities hedging activities, the Company is required to maintain cash balances with our commodities trading companies for initial and maintenance margins on a per futures contract basis. Changes in the market value of contracts may increase these requirements. As the futures contracts expire, the margin requirements also expire. Accordingly, we record the cash maintained with the traders in the margin accounts as restricted cash. Since this cash is immediately available to us upon request when there is a margin excess, we consider this restricted cash to be a current asset.
Inventories	'
	Inventories
	Inventories consist of raw materials, work in process, finished goods and parts. Corn is the primary raw material. Finished goods consist of ethanol, dried distiller grains and corn oil. Inventories are stated at the lower of weighted average cost or market. Market is based on current replacement values except that it does not exceed net realizable values and it is not less than net realizable values reduced by allowances from normal profit margins.
Property, Plant and Equipment	'
	Property, Plant and Equipment
	Property, plant, and equipment are stated at cost. Depreciation is provided over estimated useful lives by use of the straight line depreciation method. Maintenance and repairs are expensed as incurred; major improvements and betterments are capitalized. Construction in progress expenditures will be depreciated using the straight-line method over their estimated useful lives once the assets are placed into service. Depreciation expense totaled approximately $2,148,000 for the three month period ended December 31, 2013. Depreciation for the same period in 2012 was approximately $2,130,000.
Long-Lived Assets	'
	Long-Lived Assets
	The Company reviews its long-lived assets, such as property, plant and equipment and financing costs, subject to depreciation and amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by an asset to the carrying value of the asset. If the carrying value of the long-lived asset is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.
Investments	'
	Investments
	Investments consist of the capital stock and patron equities of the Company's distillers grains marketer. The investments are stated at the lower of cost or fair value and adjusted for non cash patronage equities received.
	Interest income is recognized as earned. Patronage dividends are recognized when received.
Revenue Recognition	'
	Revenue Recognition
	The Company generally sells ethanol and related products pursuant to marketing agreements. Revenues from the production of ethanol and the related products are recorded when the customer has taken title and assumed the risks and rewards of ownership, prices are fixed or determinable and collectability is reasonably assured. The Company believes that there are no ethanol sales, during any given month, which should be considered contingent and recorded as deferred revenue. The Company's products are sold Free on Board (FOB) shipping point.
	In accordance with the Company's agreements for the marketing and sale of ethanol and related products, marketing fees, commissions and freight due to the marketers are deducted from the gross sales price at the time incurred. Revenue is recorded net of these commissions and freight as they do not provide an identifiable benefit that is sufficiently separable from the sale of ethanol and related products.
Net Income per Unit	'
	Net Income per Unit
	Basic net income per unit is computed by dividing net income by the weighted average number of members' units outstanding during the period. Diluted net income per unit is computed by dividing net income by the weighted average number of members' units and members' unit equivalents outstanding during the period. There were no member unit equivalents outstanding during the periods presented; accordingly, the Company's basic and diluted net income per unit are the same.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Dec. 31, 2013
Inventory Disclosure [Abstract]	'
Schedule of Inventory	'
	Inventories consist of the following as of:
		December 31, 2013 (Unaudited)		30-Sep-13
	Raw materials	$	4,993,366	$	2,454,803
	Work in progress	1,687,074		2,382,833
	Finished goods	2,278,849		3,756,410
	Spare parts	1,846,633		1,730,396
	Total	$	10,805,922	$	10,324,442

Derivative_Instruments_Tables

Derivative Instruments (Tables)

3 Months Ended

Dec. 31, 2013

Derivative [Line Items]

'

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position

'

The following table provides balance sheet details regarding the Company's derivative financial instruments at September 30, 2013:

Instrument

Balance Sheet Location

Assets

Liabilities

Interest rate swap

Derivative Instruments - Current

$

—

$

681,233

Ethanol derivative contracts

Commodity Derivative Instruments - Current

9,241

—

Corn derivative contracts

Commodity Derivative Instruments - Current

—

197,431

The following table provides balance sheet details regarding the Company's derivative financial instruments at December 31, 2013:

Instrument

Balance Sheet Location

Assets

Liabilities

Ethanol derivative contracts

Commodity Derivative Instruments - Current

$

765,378

$

—

Corn derivative contracts

Commodity Derivative Instruments - Current

$

—

$

182,225

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

'

The following tables provide details regarding the gains and (losses) from the Company's derivative instruments in other comprehensive income and statement of operations for the three months ended December 31, 2013:

Derivatives in Cash Flow Hedging Relationship

Amount of Gain Recognized In OCI on Derivative

Location of Loss Reclassified From Accumulated OCI into Income

Amount of Gain Reclassified From Accumulated OCI into Income on Derivative

Location of Gain Recognized in Income

Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective portion)

Interest rate swap

$

18,636

Interest expense

$

662,597

Interest expense

$

—

The amount of gain reclassified from accumulated other comprehensive income into income on derivatives included a reclassification of $662,597 into earnings as interest expense resulting from the termination of the swap.

The following tables provide details regarding the gains and (losses) from the Company's derivative instruments in other comprehensive income and statement of operations for the three months ended December 31, 2012:

Derivatives in Cash Flow Hedging Relationship

Amount of Loss Recognized In OCI on Derivative

Location of Loss Reclassified From Accumulated OCI into Income

Amount of Gain Reclassified From Accumulated OCI into Income on Derivative

Location of Gain Recognized in Income

Amount of Gain or (Loss) Recognized in Income on Derivative (ineffective portion)

Interest rate swap

$

(5,845

)

Interest expense

$

375,283

Interest expense

$

—

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position

'

The following table provides details regarding the gains and (losses) from the Company's derivative instruments in the statements of operations, none of which are designated as hedging instruments for the three months ended December 31, 2013:

Instrument

Statement of Operations Location

Amount

Corn Derivative Contracts

Cost of Goods Sold

$

(1,704,802

)

Ethanol Derivative Contracts

Revenues

2,660,651

Natural Gas Derivative Contracts

Cost of Goods Sold

(1,516

)

Totals

$

954,333

The following table provides details regarding the gains and (losses) from the Company's derivative instruments in the statements of operations, none of which are designated as hedging instruments for the three months ended December 31, 2012:

Instrument

Statement of Operations Location

Amount

Corn Derivative Contracts

Cost of Goods Sold

$

2,508,147

Ethanol Derivative Contracts

Revenues

(83,641

)

Totals

$

2,424,506

Corn [Member]

'

Derivative [Line Items]

'

Schedule of Notional Amounts of Outstanding Derivative Positions

'

The following table indicates the bushels of corn under derivative contracts as of:

December 31, 2013

30-Sep-13

Short

2,875,000

2,115,000

Long

8,210,000

6,105,000

Ethanol [Member]

'

Derivative [Line Items]

'

Schedule of Notional Amounts of Outstanding Derivative Positions

'

The following table indicates the gallons of ethanol under derivative contracts as of:

December 31, 2013

30-Sep-13

Short

42,000

2,310,000

Long

3,150,000

6,636,000

Fair_Value_Instruments_Tables

Fair Value Instruments (Tables)	3 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	'
	The following table provides information on those assets and liabilities measured at fair value on a recurring basis as of December 31, 2013:
	Derivatives	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
	Corn Derivative Contracts	(182,225	)	(182,225	)	(182,225	)	—		—
	Ethanol Derivative Contracts	765,378		765,378		765,378		—		—
	The following table provides information on those assets and liabilities measured at fair value on a recurring basis as of September 30, 2013:
	Derivatives	Carrying Amount			Fair Value			Level 1			Level 2			Level 3
	Interest Rate Swap Liability	$	(681,233	)	$	(681,233	)	$	—		$	(681,233	)	$	—
	Corn Derivative Contracts	$	(197,431	)	(197,431		)	(197,431		)	—			—
	Ethanol Derivative Contracts	$	9,241		9,241			9,241			—			—

Leases_Tables

Leases (Tables)	3 Months Ended
	Dec. 31, 2013
Leases Disclosures [Abstract]	'
Schedule of Future Minimum Payments for Capital and Operating Leases	'
	At December 31, 2013, the Company had the following commitments for payments of rentals under leases which at inception had a non-cancellable term of more than one year:
		Total
	January 1, 2014 to December 31, 2014	$	1,076,426
	January 1, 2015 to December 31, 2015	1,172,964
	January 1, 2016 to December 31, 2016	1,172,964
	January 1, 2017 to December 31, 2017	1,172,964
	January 1, 2018 to December 31, 2018	975,829
	Total minimum lease commitments	$	5,571,147

Summary_of_Significant_Account1

Summary of Significant Accounting Policies Nature of Business (Details) (Ethanol [Member])	3 Months Ended
	Dec. 31, 2013
	gal
Minimum [Member]	'
Product Information [Line Items]	'
Annual Production Capacity	100,000,000
Maximum [Member]	'
Product Information [Line Items]	'
Annual Production Capacity	115,000,000

Summary_of_Significant_Account2

Summary of Significant Accounting Policies Property, Plant and Equipment (Details) (Land and Building [Member], USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Land and Building [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciation	$2,148,000	$2,130,000

Concentrations_Details

Concentrations (Details) (Customer Concentration Risk [Member])	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Accounts Receivable [Member]	'	'
Concentration Risk [Line Items]	'	'
Concentration Risk, Percentage	98.00%	97.00%
Sales Revenue, Goods, Net [Member]	'	'
Concentration Risk [Line Items]	'	'
Concentration Risk, Percentage	97.00%	'

Inventories_Details

Inventories (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Inventory [Line Items]	'	'
Raw materials	$4,993,366	$2,454,803
Work in progress	1,687,074	2,382,833
Finished goods	2,278,849	3,756,410
Spare parts	1,846,633	1,730,396
Total	10,805,922	10,324,442
Corn [Member] | Forward Contracts [Member]	'	'
Inventory [Line Items]	'	'
Forward Corn Purchase Contracts	7,301,000	'
Ethanol [Member] | Forward Contracts [Member]	'	'
Inventory [Line Items]	'	'
Forward Sales Contracts	4,640,000	'
Distillers Grains [Member] | Forward Contracts [Member]	'	'
Inventory [Line Items]	'	'
Forward Sales Contracts	167,000	'
Related Party [Member] | Corn [Member] | Forward Contracts [Member]	'	'
Inventory [Line Items]	'	'
Forward Corn Purchase Contracts	$1,305,000	'

Derivative_Instruments_Details

Derivative Instruments (Details)	Dec. 31, 2013	Sep. 30, 2013
	bu	bu
Corn [Member]	'	'
Derivative [Line Items]	'	'
Nonmonetary Notional Amount of Price Risk Derivative Instruments Not Designated as Hedging Instruments, Sale Contracts	2,875,000	2,115,000
Nonmonetary Notional Amount of Price Risk Derivative Instruments Not Designated as Hedging Instruments, Purchase Contracts	8,210,000	6,105,000
Ethanol [Member]	'	'
Derivative [Line Items]	'	'
Nonmonetary Notional Amount of Price Risk Derivative Instruments Not Designated as Hedging Instruments, Sale Contracts	42,000	2,310,000
Nonmonetary Notional Amount of Price Risk Derivative Instruments Not Designated as Hedging Instruments, Purchase Contracts	3,150,000	6,636,000

Derivative_Instruments_Balance

Derivative Instruments - Balance Sheet (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Derivatives, Fair Value [Line Items]	'	'
Restricted Cash and Cash Equivalents, Current	$1,809,520	$1,859,132
Good Faith and Margin Deposits with Broker-Dealers	498,000	'
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Derivative Instruments - Current [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Asset, Fair Value, Net	'	0
Derivative Liability, Fair Value, Net	'	681,233
Commodity Contract [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Restricted Cash and Cash Equivalents, Current	1,810,000	1,859,000
Ethanol [Member] | Not Designated as Hedging Instrument [Member] | Commodity Derivative Instruments - Current [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Asset, Fair Value, Net	765,378	9,241
Derivative Liability, Fair Value, Net	0	0
Corn [Member] | Not Designated as Hedging Instrument [Member] | Commodity Derivative Instruments - Current [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative Asset, Fair Value, Net	0	0
Derivative Liability, Fair Value, Net	$182,225	$197,431

Derivative_Instruments_Income_

Derivative Instruments - Income Statement (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Net	($182,990)	$848,160
Interest Rate Swap [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Interest Rate Cash Flow Hedge Liability at Fair Value	662,597	'
Interest Rate Swap [Member] | Cash Flow Hedging [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	18,636	-5,845
Interest Rate Swap [Member] | Interest Expense [Member] | Cash Flow Hedging [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	662,597	375,283
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0
Not Designated as Hedging Instrument [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Net	954,333	2,424,506
Not Designated as Hedging Instrument [Member] | Corn [Member] | Cost of Sales [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Net	-1,704,802	2,508,147
Not Designated as Hedging Instrument [Member] | Ethanol [Member] | Sales [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Net	2,660,651	-83,641
Not Designated as Hedging Instrument [Member] | Natural Gas [Member] | Cost of Sales [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative Instruments, Gain (Loss) Recognized in Income, Net	($1,516)	'

Fair_Value_Instruments_Details

Fair Value Instruments (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest Rate Derivative Liabilities, at Fair Value	$0	$681,233
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Reported Value Measurement [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest Rate Derivative Liabilities, at Fair Value	0	-681,233
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest Rate Derivative Liabilities, at Fair Value	'	0
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest Rate Derivative Liabilities, at Fair Value	'	-681,233
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest Rate Derivative Liabilities, at Fair Value	'	0
Corn [Member] | Fair Value, Measurements, Recurring [Member] | Reported Value Measurement [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative Assets (Liabilities)	-182,225	-197,431
Corn [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative Assets (Liabilities)	-182,225	-197,431
Corn [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative Assets (Liabilities)	0	0
Corn [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative Assets (Liabilities)	0	0
Ethanol [Member] | Fair Value, Measurements, Recurring [Member] | Reported Value Measurement [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative Assets (Liabilities)	765,378	9,241
Ethanol [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative Assets (Liabilities)	765,378	9,241
Ethanol [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative Assets (Liabilities)	0	0
Ethanol [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative Assets (Liabilities)	$0	$0

Bank_Financing_Debt_Instrument

Bank Financing - Debt Instruments (Details) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Dec. 19, 2006

Dec. 19, 2006

Dec. 19, 2006

Dec. 19, 2006

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Oct. 08, 2013

loans

Construction Loans [Member]

Short-Term Revolving Line of Credit [Member]

Letters of Credit [Member]

Declining Note [Member]

Interest Rate Swap [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Declining Note [Member]

Declining Note [Member]

Declining Note [Member]

Reported Value Measurement [Member]

Reported Value Measurement [Member]

Notes Payable to Banks [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Basis Spread on Variable Rate

3.00%

'

'

'

'

'

'

'

'

'

3.00%

'

'

Debt Instrument, Borrowing Capacity

'

'

'

'

$10,000,000

$3,000,000

'

'

'

'

'

'

'

Derivative, Amount of Hedged Item

'

'

41,500,000

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Number of Term loans from Conversion

'

'

3

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

83,000,000

'

'

28,889,410

'

'

'

'

'

'

Debt Instrument, Interest Rate at Period End

'

'

'

'

'

'

3.24%

'

'

'

'

8.11%

'

Long-term Debt

'

'

'

'

'

'

0

'

'

'

'

'

'

Interest Rate Cash Flow Hedge Liability at Fair Value

'

'

'

'

'

'

'

662,597

'

'

'

'

662,597

Debt Instrument, Periodic Payment

'

'

'

'

'

'

10,958,643

'

'

'

'

'

'

Debt Instrument, Payoff Amount

'

'

'

'

'

'

16,985,332

'

'

'

'

'

'

Interest Rate Derivative Liabilities, at Fair Value

$0

$681,233

'

'

'

'

'

'

$0

($681,233)

'

'

'

Bank_Financing_Line_of_Credit_

Bank Financing - Line of Credit Facility (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012	Feb. 29, 2012
Bank Financing [Abstract]	'	'	'	'
Line of Credit Facility, Current Borrowing Capacity	'	'	'	$15,000,000
Line of Credit Facility, Interest Rate at Period End	3.17%	'	'	'
Line of Credit Facility, Working Capital Covenant	'	'	15,000,000	'
Line of Credit Facility, Covenant, Maximum Capital Expenditures Per Year Without Prior Approval	'	'	4,000,000	'
Debt Instrument, Basis Spread on Variable Rate	3.00%	'	'	'
Line of Credit Facility, Amount Outstanding	$0	$0	'	'
Line of Credit Facility, Fixed Charge Coverage Ratio, Percent	115.00%	'	'	'

Leases_Details

Leases (Details) (Transportation Equipment [Member], USD $)	Dec. 31, 2013
Transportation Equipment [Member]	'
Operating Leased Assets [Line Items]	'
Operating Leases, Payments Due January 1, 2014 to December 31, 2014	$1,076,426
Operating Leases, Payments Due January 1, 2015 to December 31, 2015	1,172,964
Operating Leases, Payments Due January 1, 2016 to December 31, 2016	1,172,964
Operating Leases, Payments Due January 1, 2017 to December 31, 2017	1,172,964
Operating Leases, Payments Due January 1, 2018 to December 31, 2018	975,829
Operating Leases, Future Minimum Payments Due	$5,571,147

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (Pending Litigation [Member], USD $)	Dec. 31, 2013
Pending Litigation [Member]	'
Loss Contingencies [Line Items]	'
Estimated Settlement, Attorney Portion	$1,000,000

Uncertainties_Impacting_the_Et1

Uncertainties Impacting the Ethanol Industry and Our Future Operations (Details)	3 Months Ended
	Dec. 31, 2013
Sales Revenue, Goods, Net [Member] | Ethanol [Member]	'
Concentration Risk [Line Items]	'
Concentration Risk, Percentage	78.00%
Cost of Goods, Segment [Member] | Corn [Member]	'
Concentration Risk [Line Items]	'
Concentration Risk, Percentage	82.00%