Homeland Energy Solutions 10-Q 13 Aug 21 2021 Q2 Quarterly report Financial data

Document - Cover

Document - Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 13, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2021
Entity File Number	000-53202
Entity Registrant Name	HOMELAND ENERGY SOLUTIONS, LLC
Entity Incorporation, State or Country Code	IA
Entity Tax Identification Number	20-3919356
Entity Address, Address Description	2779 Highway 24,
Entity Address, State or Province	IA
Entity Address, City or Town	Lawler,
Entity Address, Postal Zip Code	52154
Entity Address, Country	US
City Area Code	563
Local Phone Number	238-5555
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		64,560
Entity Central Index Key	0001366744
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Document Quarterly Report	true
Document Transition Report	false
Entity Shell Company	false

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 2,746,773	$ 5,072,227
Accounts receivable	8,797,164	4,121,778
Inventory	52,429,427	24,459,408
Prepaid and other	4,493,407	4,833,883
Derivative instruments	1,230,938	840,857
Total current assets	69,697,709	39,328,153
PROPERTY AND EQUIPMENT
Land and improvements	23,260,902	23,260,902
Buildings	8,777,302	8,777,302
Equipment	241,628,905	240,429,826
Construction in progress	1,111,200	620,832
Gross property and equipment	274,778,309	273,088,862
Less accumulated depreciation	153,044,476	144,554,643
Total property and equipment	121,733,833	128,534,219
OTHER ASSETS
Right of use asset operating leases, net	2,307,790	3,116,941
Utility rights, net of amortization of $1,660,190 and $1,591,994	375,064	443,260
Other assets	4,220,646	4,116,647
Total other assets	6,903,500	7,676,848
TOTAL ASSETS	198,335,042	175,539,220
CURRENT LIABILITIES
Accounts payable	10,287,050	20,836,019
Accrued expenses	1,410,001	1,219,705
Current portion operating lease liability	1,489,257	1,637,878
Total current liabilities	13,186,308	23,693,602
COMMITMENTS AND CONTINGENCIES	0	0
LONG-TERM LIABILITIES
Long-term Debt	15,189,000	0
Operating lease liability	818,533	1,479,063
Total long-term liabilities	16,007,533	1,479,063
MEMBERS' EQUITY (64,560 units issued and outstanding)	169,141,201	150,366,555
TOTAL LIABILITIES AND MEMBERS' EQUITY	$ 198,335,042	$ 175,539,220

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
OTHER ASSETS
Utility rights, accumulated amortization	$ 1,932,965	$ 1,864,769
MEMBERS’ EQUITY
Members Capital units issued (in shares)	64,560	64,560
Members Capital units outstanding (in shares)	64,560	64,560

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenue	$ 130,691,378	$ 63,862,205	$ 227,068,328	$ 128,899,443
Cost of goods sold	116,577,854	59,284,228	205,798,353	128,249,051
Gross profit	14,113,524	4,577,977	21,269,975	650,392
Selling, general and administrative expenses	1,131,308	831,256	2,363,684	1,836,269
Operating income	12,982,216	3,746,721	18,906,291	(1,185,877)
Other Income (expense)
Interest (expense)	(132,863)	(219,068)	(233,599)	(444,124)
Interest income	10,787	14,470	12,759	43,014
Other Income	49,211	419,699	89,195	300,244
Total other income (expense)	(72,865)	215,101	(131,645)	(100,866)
Net income	$ 12,909,351	$ 3,961,822	$ 18,774,646	$ (1,286,743)
Basic & diluted net income per capital unit (in dollars per unit)	$ 199.96	$ 61.37	$ 290.81	$ (19.93)
Weighted average number of units outstanding for the calculation of basic & diluted net income per capital unit (units)	64,560	64,560	64,560	64,560
Distribution per Unit (in dollars per unit)	$ 0	$ 0	$ 0	$ 0

Statements of Cash Flows

Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 18,774,646	$ (1,286,743)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	8,558,030	8,043,348
Unrealized (gain) loss on risk management activities	(390,081)	567,094
Unrealized loss on trading securities activities	0	74,070
(Loss) on disposal of property and equipment	0	(3,254)
Change in working capital components:
Accounts receivable	(4,675,386)	2,946,395
Inventory	(27,970,019)	449,077
Prepaid and other	340,476	334,987
Accounts payable and other accrued expenses	(9,717,307)	(4,248,264)
Net cash provided by (used in) operating activities	(15,079,641)	6,876,710
Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment	0	32,025,459
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for equipment and construction in progress	(2,330,814)	(2,542,303)
Proceeds from sale of equipment	0	32,000
(Increase) in other assets	(103,999)	(202,526)
Net cash provided by (used in) investing activities	(2,434,813)	29,312,630
Proceeds from Issuance of Long-term Debt	0	907,675
Payments on long-term borrowings	0	(3,000,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Lines of Credit	145,462,000	0
Repayments of Lines of Credit	(130,273,000)	0
Payments for Repurchase of Equity	0	(30,000,000)
Net Cash Provided by (Used in) Financing Activities	15,189,000	(32,092,325)
Net increase (decrease) in cash and cash equivalents	(2,325,454)	4,097,015
Cash and Cash Equivalents - Beginning	5,072,227	17,274,703
Cash and Cash Equivalents - Ending	2,746,773	21,371,718
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	193,441	437,088
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Accounts payable issued for property and equipment additions	$ 402,332	$ 207,240

Statements of Changes in Member

Statements of Changes in Members' Equity	USD ($)
Members' Equity, Balance at Dec. 31, 2019	$ 153,975,555
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(5,248,565)
Members' Equity, Balance at Mar. 31, 2020	148,726,990
Members' Equity, Balance at Dec. 31, 2019	153,975,555
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(1,286,743)
Members' Equity, Balance at Jun. 30, 2020	152,688,812
Members' Equity, Balance at Mar. 31, 2020	148,726,990
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,961,822
Members' Equity, Balance at Jun. 30, 2020	152,688,812
Members' Equity, Balance at Dec. 31, 2020	150,366,555
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,865,295
Members' Equity, Balance at Mar. 31, 2021	156,231,850
Members' Equity, Balance at Dec. 31, 2020	150,366,555
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,774,646
Members' Equity, Balance at Jun. 30, 2021	169,141,201
Members' Equity, Balance at Mar. 31, 2021	156,231,850
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	12,909,351
Members' Equity, Balance at Jun. 30, 2021	$ 169,141,201

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Significant Accounting Policies	NATURE OF BUSINESS AND 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 December 31, 2020, contained in the Company's annual report on Form 10-K for 2020. In the opinion of management, the interim condensed financial statements reflect all adjustments considered necessary for fair presentation. The adjustments made to these statements consist only of normal recurring adjustments. Nature of Business Homeland Energy Solutions, LLC (an Iowa Limited Liability Company) is located near Lawler, Iowa and was organized to pool investors for a 100 million gallon ethanol plant with distribution primarily throughout the United States. The Company has capacity to produce in excess of 190 million gallons annually and sells distillers dried grains and corn oil as byproducts of ethanol production. Organization Homeland Energy Solutions, LLC is organized as an Iowa limited liability company. The members' liability is limited as specified in Homeland Energy Solutions' operating agreement and pursuant to the Iowa Revised Uniform Limited Liability Company Act. Significant Accounting Policies : Accounting Estimates Management uses estimates and assumptions in preparing these financial statements in accordance with United States 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 & Cash Equivalents The Company maintains its accounts primarily at one financial institution. At various times, the Company's cash balances may exceed amounts insured by the Federal Deposit Insurance Corporation. The Company has not experienced losses in such accounts. Also included in cash and cash 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 an original maturity of three months or less. Trading Securities Investments bought and held principally for the purpose of selling them in the near term are classified as trading securities. Trading securities are measured at fair value using prices obtained from pricing services. Any interest, dividends, and unrealized or realized gains and losses on the trading securities are recorded as part of other income. At June 30, 2021 and December 31, 2020, the Company held no trading securities. During the three and six months ended June 30, 2021, the Company had no interest, dividends and net unrealized gains from trading securities. During the three and six months ended June 30, 2020, the Company recorded interest, dividends and net unrealized gains from trading securities of approximately $500,000 and $181,000, respectively. The Board of Directors voted to set aside up to $30 million in trading securities to be used by the Company for the repurchase of 25,860 membership units per the terms of an agreement with Mr. Retterath entered into on June 13, 2013 with the Company. These trading securities were used in April 2020 to repurchase the 25,860 membership units from Mr. Retterath. Receivables Credit sales are made primarily to two customers 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 The Company has a less than 20% investment interest in Renewable Products Marketing Group, LLC ("RPMG"). This investment is being accounted for under the equity method of accounting, as the Company has significant influence, under which the Company's share of net income is recognized as income in the Company's statement of operations and added to the investment account. The investment balance is included in other assets and the income recognized as other income. The investment is evaluated for indications of impairment on a regular basis. A loss would be recognized when the fair value is determined to be less than the carrying value. Revenue and Cost Recognition The Company recognizes Revenue from Contracts with Customers following Accounting Standards Update (ASU) 2014-09. Under the ASU, revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company generally has a single performance obligation in its arrangements with customers. The Company believes for its contracts with customers, control is transferred at a point in time, typically upon delivery to the 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 as fulfillment activities, and accordingly, the costs are accrued for when the related revenue is recognized. The Company generally expenses sales commissions when incurred because the amortization period would have been less than one year. The following is a description of principal activities from which we generate revenue. 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. • 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 5. Shipping costs incurred by the Company in the sale of ethanol and distiller grains are not specifically identifiable and as a result, revenue from the sale of ethanol and distiller grains is recorded based on the net selling price reported to the Company from the marketer. Rail car lease costs incurred by the Company in the sale and shipment of distiller grain products are included in the cost of goods sold. Inventories Inventories are generally valued at the lower of cost (first-in, first-out) 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 reasonably predictable costs of completion, disposal, and transportation. Property & Equipment The Company reviews its property and equipment for impairment whenever events indicate that the carrying amount of the asset group may not be recoverable. If circumstances require an asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by the asset group to the carrying value of the asset group. If the carrying value of the asset group is not recoverable on an undiscounted cash flow basis, an 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. Derivative Instruments The Company evaluates its contracts to determine whether the contracts are derivative instruments. Certain contracts that literally meet the definition of a derivative may be exempted from derivative accounting as normal purchases or normal sales. 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. Contracts that meet the requirements of normal purchases or sales are documented as normal and exempted from the accounting and reporting requirements of derivative accounting. The Company enters into short-term cash, option and futures contracts as a means of securing purchases of corn, natural gas and sales of ethanol for the plant and managing exposure to changes in commodity and energy prices. All of the Company's derivatives are designated as non-hedge derivatives for accounting purposes, with changes in fair value recognized in net income (loss). Although the contracts are economic hedges of specified risks, they are not designated as and accounted for as hedging instruments. As part of its trading activity, the Company uses futures and option contracts through regulated commodity exchanges to manage its risk related to pricing of inventories. To reduce that risk, the Company generally takes positions using cash and futures contracts and options. 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 revenue in the accompanying financial statements. The fair values of contracts entered through commodity exchanges are presented on the accompanying balance sheet as derivative instruments. All contracts with the same counter party are reported on a net basis. Net Income (Loss) per Unit Basic and diluted net income (loss) per unit is computed by dividing net income (loss) 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. 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, distiller grains and corn oil 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 six months ended June 30, 2021, ethanol sales averaged approximately 75% of total revenues, while approximately 19% of revenues were generated from the sale of distiller grains. Corn oil sales attributed approximately 6% of revenues during this time period. For the six months ended June 30, 2021, corn costs averaged approximately 78% 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. 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 future 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 continues to impact the Company's 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.
Nature of Operations	Nature of Business Homeland Energy Solutions, LLC (an Iowa Limited Liability Company) is located near Lawler, Iowa and was organized to pool investors for a 100 million gallon ethanol plant with distribution primarily throughout the United States. The Company has capacity to produce in excess of 190 million gallons annually and sells distillers dried grains and corn oil as byproducts of ethanol production. Organization Homeland Energy Solutions, LLC is organized as an Iowa limited liability company. The members' liability is limited as specified in Homeland Energy Solutions' operating agreement and pursuant to the Iowa Revised Uniform Limited Liability Company Act.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventory	INVENTORY Inventory consisted of the following as of June 30, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 Raw Materials $ 37,954,989 $ 15,909,576 Work in Process 4,434,341 2,923,041 Finished Goods 10,040,097 5,626,791 Totals $ 52,429,427 $ 24,459,408

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	DEBT Master Loan Agreement with Home Federal Savings Bank On June 29, 2017, the Company amended and restated the Master Loan Agreement with Home Federal Savings Bank ("Home Federal"), amending the term revolving loan to provide funding to operate the plant and establishing a term loan to help fund the Company's $42 million expansion project. In return, the Company entered into agreements providing Home Federal a security interest in substantially all personal property located on Company property. The Company currently has one loan with Home Federal, a term revolving loan. Term Revolving Loan Under the terms of the Second Amended and Restated Second Supplement to the Master Loan Agreement, dated November 6, 2020, the Company has a $50 million term revolving loan which has a maturity date of November 6, 2025. Interest on the term revolving loan is due monthly and accrues at a rate equal to Prime Rate less 60 basis points, 2.65% on June 30, 2021. There was approximately $15.2 million outstanding on the term revolving loan and approximately $34.8 million available to be drawn as of June 30, 2021 and no balance outstanding and $50 million available as of December 31, 2020. Covenants During the term of the loans, the Company is subject to certain financial covenants at various times calculated monthly, quarterly or annually, including restriction of the payment of dividends and capital expenditures and maintenance of certain financial ratios including the minimum working capital and a fixed charge ratio as defined by the Master Loan Agreement. Failure to comply with the protective loan covenants or maintain the required financial ratios may cause acceleration of the outstanding principal balances on the loans and/or the imposition of fees, charges or penalties. The Company is in compliance with all financial covenants as of June 30, 2021.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONSThe Company has purchased corn and materials from members of its Board of Directors who own or manage elevators or are local producers of corn. Purchases during the three and six months ended June 30, 2021 totaled approximately $434,000 and $2,470,000, respectively and during the three and six months ended June 30, 2020 totaled approximately $509,000 and $1,171,000, respectively. Amounts due to these members were none and approximately $28,000 at June 30, 2021 and December 31, 2020, respectively.

Commitments, Contingencies, Agr

Commitments, Contingencies, Agreements and Subsequent Events	6 Months Ended
	Jun. 30, 2021
Commitments, Contingencies and Agreements [Abstract]
Commitments, Contingencies, Agreements and Subsequent Events	COMMITMENTS, CONTINGENCIES, AGREEMENTS Ethanol, corn oil, and distiller grains marketing agreements and major customers The Company has entered into a marketing agreement with RPMG to sell all denatured fuel ethanol produced at the plant at a mutually agreed on price, less commission and transportation charges. As of June 30, 2021, the Company had commitments to sell approximately 3 million gallons of ethanol at fixed prices and 45 million of its produced gallons of ethanol at basis price levels indexed against exchanges for delivery through September 30, 2021. The Company has entered into a marketing agreement with RPMG to sell all industrial alcohol produced at the plant at a mutually agreed on price, less commission and transportation charges. As of June 30, 2021, the Company had no commitments to sell any gallons of industrial alcohol. The Company has entered into a marketing agreement with RPMG to sell all corn oil produced at the plant at a mutually agreed on price, less marketing fees and transportation charges. As of June 30, 2021, the Company had commitments to sell approximately 5 million pounds of corn oil at various fixed and basis price levels indexed against exchanges for delivery through July 31, 2021. The Company also has an investment in RPMG, included in other assets, totaling approximately $2,616,000 and $2,527,000 as of June 30, 2021 and December 31, 2020, respectively. The Company has entered into a marketing agreement to sell all distiller grains produced at the plant to CHS, an unrelated party, at a mutually agreed on price, less commission and transportation charges. The agreement was renewed for another one one Sales and marketing fees related to the agreements in place for the three and six months ended June 30, 2021 and 2020 were approximately as follows: Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, 2021 June 30, 2021 June 30, 2020 June 30, 2020 Sales ethanol $ 99,037,000 $ 170,768,000 $ 48,194,000 $ 96,147,000 Sales distiller grains 23,920,000 42,903,000 13,163,000 26,806,000 Sales corn oil 7,733,000 13,390,000 3,681,000 7,122,000 Marketing fees ethanol $ 104,000 $ 258,000 $ 23,000 $ 83,000 Marketing fees distiller grains 218,000 414,000 191,000 396,000 Marketing fees corn oil 32,000 61,000 11,000 40,000 As of June 30, 2021 As of December 31, 2020 Amount due from RPMG $ 5,565,000 $ 1,451,000 Amount due from CHS 3,195,000 2,635,000 At June 30, 2021, the Company had approximately $56,086,000 in outstanding priced corn purchase commitments for bushels at various prices and approximately 2,507,000 bushels of basis contracts through December 2022 accounted for under the normal purchase exclusion. The Company has commitments for minimum purchases of various utilities such as natural gas and electricity over the next 12 months totaling approximately $516,000 accounted for under the normal purchase exclusion. As of June 30, 2021, the Company had no natural gas locked in at fixed prices. As of June 30, 2020, approximately 1,932,000 decatherms of natural gas was locked into place at fixed prices through December 31, 2020 accounted for under the normal purchase exclusion.

Lease Obligations

Lease Obligations	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Lease Obligations	LEASE OBLIGATIONSA 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 7 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 the three and six months ended June 30, 2021 was approximately $492,000 and $953,000, respectively and for the same periods in 2020 was approximately $444,000 and $888,000, respectively. The lease agreements have maturity dates ranging from March 2022 to October 2025. The weighted average remaining life of the lease term for these leases was 1.39 years as of June 30, 2021. The discount rate used in determining the lease liability for each individual lease was the Company's estimated incremental borrowing rate of 4.79%. The right-of-use asset operating lease, included in other assets, and operating lease liability, included in current and long term liabilities was approximately $2,307,790 and $3,116,941 as of June 30, 2021 and December 31, 2020, respectively. At June 30, 2021, the Company had the following approximate minimum rental commitments under non-cancelable operating leases for the twelve month period ended June 30: 2022 $ 1,564,000 2023 557,000 2024 156,000 2025 109,000 Thereafter 36,000 Total lease commitments $ 2,422,000 A reconciliation of the undiscounted future payments in the schedule above and the lease liability recognized in the consolidated balance sheet as of June 30, 2021, is shown below. Undiscounted future payments $ 2,422,000 Discount effect (114,000) $ 2,308,000

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS 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 and options contracts to reduce its net position of merchandisable agricultural commodity inventories and forward cash purchase and sales contracts and uses exchange traded futures and options contracts to reduce price risk. Exchange-traded futures contracts are valued at market price. Changes in market price of exchange traded futures and options contracts related to corn and natural gas are recorded in costs of goods sold and changes in market prices of contracts related to the sale of ethanol, if applicable, are recorded in revenues. The Company uses futures or options contracts to fix the purchase price of anticipated volumes of corn to be purchased and processed in a future month. The Company's plant will grind approximately 65 million bushels of corn per year. Over the next twelve months, the Company has hedged and anticipates hedging between 5% and 28% of its anticipated annual grind. At June 30, 2021, the Company has hedged portions of its anticipated monthly purchases for corn averaging approximately 27% of its anticipated monthly grind over the next twelve months. The following table represents the approximate amount of realized/unrealized gains (losses) and changes in fair value recognized in earnings on commodity contracts for the three and six months ending June 30, 2021 and 2020 and the fair value of derivatives as of June 30, 2021 and December 31, 2020: Income Statement Classification Realized Gain (Loss) Change In Unrealized Gain (Loss) Total Gain (Loss) Derivatives not designated as hedging instruments: Commodity contracts for the three months ended June 30, 2021 Cost of Goods Sold $ (13,143,000) $ (1,700,000) $ (14,843,000) Commodity contracts for the three months ended June 30, 2020 Revenue $ — $ (1,176,000) $ (1,176,000) Cost of Goods Sold 1,433,000 (1,083,000) 350,000 Total $ 1,433,000 $ (2,259,000) $ (826,000) Commodity contracts for the six months ended June 30, 2021 Cost of Goods Sold $ (18,458,000) $ 2,267,000 $ (16,191,000) Commodity contracts for the six months ended June 30, 2020 Revenue $ — $ (1,176,000) $ (1,176,000) Cost of Goods Sold 4,183,000 (1,236,000) 2,947,000 Total $ 4,183,000 $ (2,412,000) $ 1,771,000 Balance Sheet Classification June 30, 2021 December 31, 2020 Futures contracts In gain position $ 481,000 $ — In loss position (4,446,000) (6,233,000) Cash held by broker 5,196,000 7,074,000 Current Asset $ 1,231,000 $ 841,000

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various methods including market, income and cost approaches. Based on these approaches, the Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market-corroborated, or generally unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observability of the inputs used in the valuation techniques, the Company is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be 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: 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 the CBOT and NYMEX markets. The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of June 30, 2021 and December 31, 2020, 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 As of June 30, 2021 Derivative financial instruments Assets $ 481,000 $ 481,000 $ — $ — Liabilities $ (4,446,000) $ (4,446,000) $ — $ — As of December 31, 2020 Derivative financial instruments Liabilities $ (6,233,000) $ (6,233,000) $ — $ —

Litigation Matters

Litigation Matters	6 Months Ended
	Jun. 30, 2021
Litigations Matters [Abstract]
Litigation Matters	LITIGATION MATTERS Retterath On August 1, 2013 Mr. Steve Retterath filed a lawsuit against the Company along with several directors, the Company's former CEO, former CFO, COO, a former director and the Company's outside legal counsel in Florida state court. In August 2016, this lawsuit was voluntarily dismissed without prejudice by the Retteraths. On August 14, 2013, the Company filed a lawsuit in Iowa state court to enforce the repurchase agreement the Company entered into with Mr. Retterath. No distributions have been paid to Mr. Retterath since the time of the original expected closing date of August 1, 2013. On June 15, 2017, the Iowa Court ruled in favor of Homeland that the repurchase agreement was valid and directed Mr. Retterath to perform his obligations under the repurchase agreement by August 1, 2017. Mr. Retterath subsequently filed various motions with the Iowa Court and was granted a stay regarding his obligation to perform the repurchase agreement while the court considered his post trial motions. On May 7, 2018, the Iowa Court denied Mr. Retterath's motions for a new trial and to reconsider the Iowa Court's prior ruling. In February 2020, the Iowa Supreme Court ruled in favor of the Company that the repurchase agreement was valid. In April 2020, the Company closed the repurchase of the membership units held by Mr. Retterath.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENT On July 22, 2021, the Company entered into an amendment to the revolving debt with Home Federal, creating a new $50 million revolving loan in addition to existing debt instruments. The agreements Homeland entered into with Home Federal were: (i) a Third Amendment to Amended and Restated Master Loan Agreement (the “Loan Amendment”); (ii) a Third Amended and Restated Second Supplement to Master Loan Agreement (the “Term Loan Amendment”); (iii) a Revolving Promissory Note (the “Promissory Note”); and (iv) a Fifth Amended and Restated Mortgage (the “Amended Mortgage”). Pursuant to the Loan Amendment, the Company can borrow up to $50 million pursuant to the revolving loan. The amount available pursuant to the revolving loan decreases to $40 million on December 31, 2021 and decreases again to $30 million on May 31, 2022. Interest on the revolving loan accrues at a rate of 30 basis points less than the prime rate. There is a fee on the unused portion of the revolving loan equal to 0.30%. The maturity date of the revolving loan is November 6, 2025.

Nature of Business and Signific

Nature of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Nature of Business and Significant Accounting Policies [Abstract]
Accounting Estimates	Accounting Estimates
Cash and Cash Equivalents	Cash & Cash Equivalents The Company maintains its accounts primarily at one financial institution. At various times, the Company's cash balances may exceed amounts insured by the Federal Deposit Insurance Corporation. The Company has not experienced losses in such accounts. Also included in cash and cash 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 an original maturity of three months or less.
Trading Securities	Trading Securities Investments bought and held principally for the purpose of selling them in the near term are classified as trading securities. Trading securities are measured at fair value using prices obtained from pricing services. Any interest, dividends, and unrealized or realized gains and losses on the trading securities are recorded as part of other income. At June 30, 2021 and December 31, 2020, the Company held no trading securities. During the three and six months ended June 30, 2021, the Company had no interest, dividends and net unrealized gains from trading securities. During the three and six months ended June 30, 2020, the Company recorded interest, dividends and net unrealized gains from trading securities of approximately $500,000 and $181,000, respectively.
Receivables	ReceivablesCredit sales are made primarily to two customers 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 a less than 20% investment interest in Renewable Products Marketing Group, LLC ("RPMG"). This investment is being accounted for under the equity method of accounting, as the Company has significant influence, under which the Company's share of net income is recognized as income in the Company's statement of operations and added to the investment account. The investment balance is included in other assets and the income recognized as other income. The investment is evaluated for indications of impairment on a regular basis. A loss would be recognized when the fair value is determined to be less than the carrying value.
Revenue and Cost Recognition	Revenue and Cost Recognition The Company recognizes Revenue from Contracts with Customers following Accounting Standards Update (ASU) 2014-09. Under the ASU, revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company generally has a single performance obligation in its arrangements with customers. The Company believes for its contracts with customers, control is transferred at a point in time, typically upon delivery to the 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 as fulfillment activities, and accordingly, the costs are accrued for when the related revenue is recognized. The Company generally expenses sales commissions when incurred because the amortization period would have been less than one year. The following is a description of principal activities from which we generate revenue. 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. • 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 5. Shipping costs incurred by the Company in the sale of ethanol and distiller grains are not specifically identifiable and as a result, revenue from the sale of ethanol and distiller grains is recorded based on the net selling price reported to the Company from the marketer. Rail car lease costs incurred by the Company in the sale and shipment of distiller grain products are included in the cost of goods sold.
Inventories	Inventories Inventories are generally valued at the lower of cost (first-in, first-out) 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 reasonably predictable costs of completion, disposal, and transportation.
Property & Equipment	Property & Equipment The Company reviews its property and equipment for impairment whenever events indicate that the carrying amount of the asset group may not be recoverable. If circumstances require an asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by the asset group to the carrying value of the asset group. If the carrying value of the asset group is not recoverable on an undiscounted cash flow basis, an 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.
Derivative Instruments	Derivative Instruments The Company evaluates its contracts to determine whether the contracts are derivative instruments. Certain contracts that literally meet the definition of a derivative may be exempted from derivative accounting as normal purchases or normal sales. 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. Contracts that meet the requirements of normal purchases or sales are documented as normal and exempted from the accounting and reporting requirements of derivative accounting. The Company enters into short-term cash, option and futures contracts as a means of securing purchases of corn, natural gas and sales of ethanol for the plant and managing exposure to changes in commodity and energy prices. All of the Company's derivatives are designated as non-hedge derivatives for accounting purposes, with changes in fair value recognized in net income (loss). Although the contracts are economic hedges of specified risks, they are not designated as and accounted for as hedging instruments. As part of its trading activity, the Company uses futures and option contracts through regulated commodity exchanges to manage its risk related to pricing of inventories. To reduce that risk, the Company generally takes positions using cash and futures contracts and options.
Net Income per Unit	Net Income (Loss) per Unit Basic and diluted net income (loss) per unit is computed by dividing net income (loss) 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.
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, distiller grains and corn oil 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 six months ended June 30, 2021, ethanol sales averaged approximately 75% of total revenues, while approximately 19% of revenues were generated from the sale of distiller grains. Corn oil sales attributed approximately 6% of revenues during this time period. For the six months ended June 30, 2021, corn costs averaged approximately 78% 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. 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 future 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 continues to impact the Company's 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.

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory	INVENTORY Inventory consisted of the following as of June 30, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 Raw Materials $ 37,954,989 $ 15,909,576 Work in Process 4,434,341 2,923,041 Finished Goods 10,040,097 5,626,791 Totals $ 52,429,427 $ 24,459,408

Commitments, Contingencies, A_2

Commitments, Contingencies, Agreements and Subsequent Events (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments, Contingencies and Agreements [Abstract]
Revenue from External Customers by Products and Services	Sales and marketing fees related to the agreements in place for the three and six months ended June 30, 2021 and 2020 were approximately as follows: Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, 2021 June 30, 2021 June 30, 2020 June 30, 2020 Sales ethanol $ 99,037,000 $ 170,768,000 $ 48,194,000 $ 96,147,000 Sales distiller grains 23,920,000 42,903,000 13,163,000 26,806,000 Sales corn oil 7,733,000 13,390,000 3,681,000 7,122,000 Marketing fees ethanol $ 104,000 $ 258,000 $ 23,000 $ 83,000 Marketing fees distiller grains 218,000 414,000 191,000 396,000 Marketing fees corn oil 32,000 61,000 11,000 40,000 As of June 30, 2021 As of December 31, 2020 Amount due from RPMG $ 5,565,000 $ 1,451,000 Amount due from CHS 3,195,000 2,635,000

Lease Obligations (Tables)

Lease Obligations (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of Operating Leases Minimum Rental Commitments	At June 30, 2021, the Company had the following approximate minimum rental commitments under non-cancelable operating leases for the twelve month period ended June 30: 2022 $ 1,564,000 2023 557,000 2024 156,000 2025 109,000 Thereafter 36,000 Total lease commitments $ 2,422,000 A reconciliation of the undiscounted future payments in the schedule above and the lease liability recognized in the consolidated balance sheet as of June 30, 2021, is shown below. Undiscounted future payments $ 2,422,000 Discount effect (114,000) $ 2,308,000

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Realized and Unrealized Gains (Losses)	The following table represents the approximate amount of realized/unrealized gains (losses) and changes in fair value recognized in earnings on commodity contracts for the three and six months ending June 30, 2021 and 2020 and the fair value of derivatives as of June 30, 2021 and December 31, 2020: Income Statement Classification Realized Gain (Loss) Change In Unrealized Gain (Loss) Total Gain (Loss) Derivatives not designated as hedging instruments: Commodity contracts for the three months ended June 30, 2021 Cost of Goods Sold $ (13,143,000) $ (1,700,000) $ (14,843,000) Commodity contracts for the three months ended June 30, 2020 Revenue $ — $ (1,176,000) $ (1,176,000) Cost of Goods Sold 1,433,000 (1,083,000) 350,000 Total $ 1,433,000 $ (2,259,000) $ (826,000) Commodity contracts for the six months ended June 30, 2021 Cost of Goods Sold $ (18,458,000) $ 2,267,000 $ (16,191,000) Commodity contracts for the six months ended June 30, 2020 Revenue $ — $ (1,176,000) $ (1,176,000) Cost of Goods Sold 4,183,000 (1,236,000) 2,947,000 Total $ 4,183,000 $ (2,412,000) $ 1,771,000
Schedule of Derivatives Balance Sheet Classification	Balance Sheet Classification June 30, 2021 December 31, 2020 Futures contracts In gain position $ 481,000 $ — In loss position (4,446,000) (6,233,000) Cash held by broker 5,196,000 7,074,000 Current Asset $ 1,231,000 $ 841,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Financial Liabilities Measured at Fair Value	The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of June 30, 2021 and December 31, 2020, 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 As of June 30, 2021 Derivative financial instruments Assets $ 481,000 $ 481,000 $ — $ — Liabilities $ (4,446,000) $ (4,446,000) $ — $ — As of December 31, 2020 Derivative financial instruments Liabilities $ (6,233,000) $ (6,233,000) $ — $ —

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies - Product (Details) - Ethanol [Member] gal in Millions	6 Months Ended
	Jun. 30, 2021gal
Product Information [Line Items]
Annual Production Capacity, Minimum	100
Annual Production Capacity, Current	190

Nature of Business and Signif_3

Nature of Business and Significant Accounting Policies - Trading Securities (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Number of units redeemed	25,860
Director [Member]
Debt and Equity Securities, FV-NI [Line Items]
Due to former member					$ 30,000,000
Number of units redeemed			25,860
Other Nonoperating Income (Expense) [Member]
Debt and Equity Securities, FV-NI [Line Items]
Net realized and unrealized gains (losses)	$ 0	$ 500,000	$ 0	$ 181,000

Nature of Business and Signif_4

Nature of Business and Significant Accounting Policies - Committed Shares to be Redeemed and Net Income per Unit (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Related Party Transaction [Line Items]
Number of units redeemed	25,860
Director [Member]
Related Party Transaction [Line Items]
Number of units redeemed		25,860
Payments to repurchase units			$ 30

Nature of Business and Signif_5

Nature of Business and Significant Accounting Policies - Risks and Uncertainties (Details)	6 Months Ended
	Jun. 30, 2021
Revenue, Segment Benchmark [Member] | Product Concentration Risk | Ethanol [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	75.00%
Revenue, Segment Benchmark [Member] | Product Concentration Risk | Distillers Grains [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	19.00%
Revenue, Segment Benchmark [Member] | Product Concentration Risk | Corn Oil [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	6.00%
Cost of Goods and Service Benchmark | Cost of Goods & Services | Corn [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	78.00%

Nature of Business and Signif_6

Nature of Business and Significant Accounting Policies - Investments (Details)	Jun. 30, 2021
Renewable Products Marketing Group, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	20.00%

Inventory (Details)

Inventory (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw Materials	$ 37,954,989	$ 15,909,576
Work in Process	4,434,341	2,923,041
Finished Goods	10,040,097	5,626,791
Inventory	$ 52,429,427	$ 24,459,408

Debt (Details)

Debt (Details)	6 Months Ended
	Jun. 30, 2021USD ($)loan_agreement	Dec. 31, 2020USD ($)
Home Federal Savings Bank [Member]
Debt Instrument [Line Items]
Number of loan agreements | loan_agreement	1
Line of Credit [Member] | Home Federal Savings Bank [Member] | Term Revolving Loan [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000,000
Debt Instrument, Basis Spread on Variable Rate	0.60%
Line of Credit Facility, Interest Rate at Period End	2.65%
Line of Credit Facility, Fair Value of Amount Outstanding	$ 15,200,000	$ 0
Line of Credit Facility, Remaining Borrowing Capacity	34,800,000	$ 50
Total expansion project [Member]
Debt Instrument [Line Items]
Estimated expansion project costs	$ 42,000,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Number of units redeemed	25,860
Purchases from Related Party	$ 434,000	$ 509,000	$ 2,470,000	$ 1,171,000
Due to Related Parties	$ 0		$ 0			$ 28,000
Director [Member]
Related Party Transaction [Line Items]
Number of units redeemed			25,860
Due to former member					$ 30,000,000

Commitments, Contingencies, A_3

Commitments, Contingencies, Agreements and Subsequent Events - Supply Commitments (Details) lb in Millions	6 Months Ended
	Jun. 30, 2021USD ($)gallbtons	Dec. 31, 2020USD ($)
Supply Commitment [Line Items]
Automatic renewal period	1 year
Period of written notice prior to current term expiration	90 days
Ethanol [Member] | Supply Commitment [Member] | Fixed-price Contract
Supply Commitment [Line Items]
Supply Commitment, Minimum Amount at Fixed Price Levels, Gallons	3
Ethanol [Member] | Supply Commitment [Member] | Basis Price Contract
Supply Commitment [Line Items]
Supply Commitment, Minimum Amount at Basis Price Levels, Mass	45,000,000
Corn Oil [Member] | Supply Commitment [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed, Weight | lb	5
Distillers Grains [Member] | Supply Commitment [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed, Weight | tons	67,000
Industrial Ethanol | Supply Commitment [Member]
Supply Commitment [Line Items]
Supply Commitment, Minimum Amount at Fixed Price Levels, Gallons	0
Investor [Member]
Supply Commitment [Line Items]
Equity Method Investments | $	$ 2,616,000	$ 2,527,000

Commitments, Contingencies, A_4

Commitments, Contingencies, Agreements and Subsequent Events - Related Party (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Revenue	$ 130,691,378	$ 63,862,205	$ 227,068,328	$ 128,899,443
RPMG [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party	5,565,000		5,565,000		$ 1,451,000
CHS [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party	3,195,000		3,195,000		$ 2,635,000
Ethanol [Member] | Investor [Member]
Related Party Transaction [Line Items]
Sales	99,037,000	48,194,000	170,768,000	96,147,000
Marketing Fees	104,000	23,000	258,000	83,000
Distillers Grains [Member]
Related Party Transaction [Line Items]
Sales Commissions and Fees	218,000	191,000	414,000	396,000
Revenue	23,920,000	13,163,000	42,903,000	26,806,000
Corn Oil [Member] | Investor [Member]
Related Party Transaction [Line Items]
Sales	7,733,000	3,681,000	13,390,000	7,122,000
Marketing Fees	$ 32,000	$ 11,000	$ 61,000	$ 40,000

Commitments, Contingencies, A_5

Commitments, Contingencies, Agreements and Subsequent Events - Purchase Commitments (Details) gal in Millions	6 Months Ended
	Jun. 30, 2021USD ($)MMBTUgalbu	Jun. 30, 2020MMBTU
Industrial Ethanol | Supply Commitment [Member]
Long-term Purchase Commitment [Line Items]
Supply Commitment, Minimum Amount at Fixed Price Levels, Gallons | gal	0
Corn [Member]
Long-term Purchase Commitment [Line Items]
Estimated expansion project costs	$ 56,086,000
Long-term Purchase Commitment, Minimum Mass Required | bu	2,507,000
Natural Gas [Member]
Long-term Purchase Commitment [Line Items]
Long-term Purchase Commitment, Minimum Energy Volume Required | MMBTU	0	1,932,000
Public Utilities
Long-term Purchase Commitment [Line Items]
Long-term Purchase Commitment, Period	12 months
Purchase Commitment, Remaining Minimum Amount Committed	$ 516,000

Commitments, Contingencies, A_6

Commitments, Contingencies, Agreements and Subsequent Events - Construction Agreements (Details)	6 Months Ended
	Jun. 30, 2021USD ($)
Corn [Member]
Long-term Purchase Commitment [Line Items]
Estimated expansion project costs	$ 56,086,000

Commitments, Contingencies, A_7

Commitments, Contingencies, Agreements and Subsequent Events (Details) - Distillers Grains [Member]	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)tons	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)tons	Jun. 30, 2020USD ($)
Product Information [Line Items]
Sales Commissions and Fees	$ 218,000	$ 191,000	$ 414,000	$ 396,000
Supply Commitment [Line Items]
Sales Commissions and Fees	$ 218,000	$ 191,000	$ 414,000	$ 396,000
Supply Commitment [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed, Weight | tons	67,000		67,000

Lease Obligations (Details)

Lease Obligations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Operating Leased Assets [Line Items]
Lease term (up to)	7 years		7 years
Right-of-use asset operating lease	$ 2,307,790		$ 2,307,790		$ 3,116,941
Weighted average discount rate (percent)	4.79%		4.79%
Approximate Minimum Rental Commitments
Total undiscounted lease commitments	$ 2,422,000		$ 2,422,000
Weighted average remaining lease term (years)	1 year 4 months 20 days		1 year 4 months 20 days
Railroad Transportation Equipment [Member]
Operating Leased Assets [Line Items]
Rent expense	$ 492,000		$ 953,000
Rent expense		$ 444,000		$ 888,000
Approximate Minimum Rental Commitments
2021	1,564,000		1,564,000
2022	557,000		557,000
2023	156,000		156,000
2024	109,000		109,000
Thereafter	36,000		36,000
Total undiscounted lease commitments	$ 2,422,000		$ 2,422,000

Lease Obligations - Reconciliat

Lease Obligations - Reconciliation of Undiscounted Future Payments (Details)	Jun. 30, 2021USD ($)
Reconciliation of Undiscounted Future Payments
Total undiscounted lease commitments	$ 2,422,000
Discount effect	(114,000)
Operating lease liability	2,308,000
Railroad Transportation Equipment [Member]
Reconciliation of Undiscounted Future Payments
Total undiscounted lease commitments	2,422,000
Operating Leased Assets [Line Items]
2022	$ 557,000

Derivative Instruments (Details

Derivative Instruments (Details) bu in Millions	6 Months Ended
	Jun. 30, 2021bu
Corn [Member]
Derivative [Line Items]
Concentration Risk, Amount of Material	65
Designated as Hedging Instrument [Member] | Corn [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Coverage	27.00%
Designated as Hedging Instrument [Member] | Corn [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Yearly Average	5.00%
Designated as Hedging Instrument [Member] | Corn [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Yearly Average	28.00%

Derivative Instruments - Income

Derivative Instruments - Income Statement (Details) - Commodity Contract [Member] - Not Designated as Hedging Instrument [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Realized Gain (Loss)		$ 1,433,000		$ 4,183,000
Change In Unrealized Gain (Loss)		(2,259,000)		(2,412,000)
Total Gain (Loss)		(826,000)		1,771,000
Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Realized Gain (Loss)	$ (13,143,000)	1,433,000	$ (18,458,000)	4,183,000
Change In Unrealized Gain (Loss)	(1,700,000)	(1,083,000)	2,267,000	(1,236,000)
Total Gain (Loss)	$ (14,843,000)	350,000	$ (16,191,000)	2,947,000
Sales
Derivative Instruments, Gain (Loss) [Line Items]
Realized Gain (Loss)		0		0
Change In Unrealized Gain (Loss)		(1,176,000)		(1,176,000)
Total Gain (Loss)		$ (1,176,000)		$ (1,176,000)

Derivative Instruments - Balanc

Derivative Instruments - Balance Sheet (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Other Receivables from Broker-Dealers and Clearing Organizations	$ 5,196,000
Other Payables to Broker-Dealers and Clearing Organizations		$ 7,074,000
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	1,231,000	841,000
Commodity Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Asset	481,000	0
Commodity Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ (4,446,000)	$ (6,233,000)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Recurring [Member] - Commodity Contract [Member] - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	$ (4,446,000)	$ (6,233,000)
Assets	481,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	(4,446,000)	(6,233,000)
Assets	481,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	0	0
Assets	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	0	$ 0
Assets	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - Line of Credit [Member] - Term Revolving Loan [Member] - Home Federal Savings Bank [Member] - USD ($)	3 Months Ended	6 Months Ended	52 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Nov. 25, 2025	May 31, 2022	Dec. 31, 2021	Jul. 21, 2021
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 50,000,000
Debt Instrument, Basis Spread on Variable Rate		0.60%
Subsequent Event [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 30	$ 40	$ 50,000,000
Debt Instrument, Basis Spread on Variable Rate	0.30%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.30%