Homeland Energy Solutions 10-K 10 Mar 22 2021 FY Annual report Financial data

Cover Page Document

Cover Page Document - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 10, 2022	Jun. 30, 2021
Document and Entity Information [Abstract]
Document Type	10-K
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 Line One	2779 Highway 24
Entity Address, City or Town	Lawler
Entity Address, State or Province	IA
Entity Address, Postal Zip Code	52154
City Area Code	(563)
Local Phone Number	238-5555
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 56,890,000
Entity Common Stock, Shares Outstanding		64,560
Entity Central Index Key	0001366744
Document Period End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Document Annual Report	true
Document Transition Report	false
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Document Period End Date	Dec. 31, 2021
Auditor Name	RSM US LLP
Auditor Location	Des Moines, Iowa
Auditor Firm ID	49
Entity Shell Company	false

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 18,332,190	$ 5,072,227
Accounts receivable	6,698,657	4,121,778
Derivative instruments	3,727,350	840,857
Inventory	39,259,755	24,459,408
Prepaid and other	5,471,747	4,833,883
Total current assets	73,489,699	39,328,153
PROPERTY AND EQUIPMENT
Land and improvements	23,260,902	23,260,902
Buildings	8,785,501	8,777,302
Equipment	242,004,606	240,429,826
Construction in progress	3,491,064	620,832
Gross Property and Equipment	277,542,073	273,088,862
Less accumulated depreciation	161,541,718	144,554,643
Total property and equipment	116,000,355	128,534,219
ROU assets	1,479,064	3,116,941
OTHER ASSETS
Utility rights, net of amortization of $1,455,605 and $1,319,217	306,873	443,260
Other assets	4,687,482	4,116,647
Total Other Assets	6,473,419	7,676,848
TOTAL ASSETS	195,963,473	175,539,220
CURRENT LIABILITIES
Accounts payable	27,925,669	20,836,019
Accrued expenses	2,217,869	1,219,705
Current portion operating lease liability	1,002,964	1,637,878
Total current liabilities	31,146,502	23,693,602
COMMITMENTS AND CONTINGENCIES
Other Liabilities, Noncurrent	544,887	0
LONG-TERM LIABILITIES
MEMBERS' EQUITY, (64,585 units issued and outstanding)	163,795,984	150,366,555
Operating Lease, Liability, Noncurrent	476,100	1,479,063
Liabilities, Noncurrent	1,020,987	1,479,063
TOTAL LIABILITIES AND MEMBERS' EQUITY	$ 195,963,473	$ 175,539,220

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Members Capital units issued and outstanding (in shares)	64,560	64,560
Utility rights, net of amortization	$ 2,001,156	$ 1,864,769

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statements of Operations [Abstract]
Revenue	$ 531,073,383	$ 281,386,439	$ 329,774,685
Costs of goods sold	437,659,584	273,607,219	307,650,836
Gross Profit	93,413,799	7,779,220	22,123,849
Selling, general and administrative expenses	5,587,885	3,719,110	3,885,532
Operating Income	87,825,914	4,060,110	18,238,317
OTHER INCOME (EXPENSE)
Interest expense	(272,364)	(591,614)	(902,101)
Interest income	40,035	64,724	53,375
Other Income	79,844	1,634,105	2,087,162
Gain (Loss) on Extinguishment of Debt	0	907,675	0
Total Other Income (Expense)	(152,485)	2,014,890	1,238,436
Net Income	$ 87,673,429	$ 6,075,000	$ 19,476,753
Basic & diluted earnings earnings per unit (in dollars per share)	$ 1,358	$ 94	$ 302
Distribution per capital unit (in dollars per unit)	$ 1,150	$ 150	$ 350
Weighted average number of units outstanding for the calculation of basic & diluted net income per capital unit (in shares)	64,560	64,560	64,560

Statement of Members' Equity

Statement of Members' Equity	USD ($)
Members' Equity at Dec. 31, 2018	$ 157,094,802
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions	(22,596,000)
Net Income	19,476,753
Members' Equity at Dec. 31, 2019	153,975,555
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions	(9,684,000)
Net Income	6,075,000
Members' Equity at Dec. 31, 2020	150,366,555
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions	(74,244,000)
Net Income	87,673,429
Members' Equity at Dec. 31, 2021	$ 163,795,984

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 87,673,429	$ 6,075,000	$ 19,476,753
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,151,899	15,975,566	15,693,009
Unrealized loss (gain) on risk management activities	(2,886,493)	(41,373)	129,900
Increase (Decrease) in Risk Management Assets and Liabilities	0	(28,058)	1,954,630
Loss on disposal of property and equipment	21,351	101,347	(550)
Gain (Loss) on Extinguishment of Debt	0	(907,675)	0
Change in working capital components:
Accounts Receivable	(2,576,879)	3,037,854	72,089
Inventory	(14,800,347)	(9,148,012)	(561,197)
Prepaid expenses and other	(732,257)	(565,306)	(965,629)
Accounts payable, accrued expenses and other	8,840,480	4,859,608	3,400,401
Net cash provided by operating activities	92,691,183	19,415,067	35,290,146
Increase (Decrease) in Marketable Securities, Restricted	0	0	30,000,000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of trading securities	0	42,480,393	20,000,000
Payments for equipment and construction in progress	(4,697,566)	(17,061,719)	(8,508,858)
Proceeds from Sale of Machinery and Equipment	0	32,000	550
Decrease (increase) in other assets	(489,654)	(291,892)	336,871
Net cash (used in) investing activities	(5,187,220)	25,158,782	(18,171,437)
CASH FLOWS FROM FINANCING ACTIVITIES
Distribution to members	(74,244,000)	(9,684,000)	(22,596,000)
Proceeds from Lines of Credit	178,250,000	15,000,000	0
Repayments of Lines of Credit	178,250,000	15,000,000	0
Increase (Decrease) in Due to Related Parties	0	(30,000,000)	0
Proceeds from Issuance of Long-term Debt	0	907,675	0
Payments on long-term borrowings	0	(18,000,000)	(6,000,000)
Net cash (used in) financing activities	(74,244,000)	(56,776,325)	(28,596,000)
Net increase (decrease) in cash and cash equivalents	13,259,963	(12,202,476)	(11,477,291)
Cash and Cash Equivalents - Beginning	5,072,227	17,274,703	28,751,994
Cash and Cash Equivalents - Ending	18,332,190	5,072,227	17,274,703
Supplemental Cash Flow Information [Abstract]
Cash paid for interest	259,133	556,438	888,031
Establishment of Lease Liability And Right Of Use Asset	0	0	6,320,411
Accounts payable related to property and equipment	$ 835,919	$ 1,043,698	$ 188,830

Statements of Cash Flows (Paren

Statements of Cash Flows (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Cash Flows [Abstract]
Capitalized interest	$ 0	$ 55,776	$ 203,690

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Nature of Business and Significant Accounting Policies [Abstract]
Nature of Business and Significant Accounting Policies	Nature of Business and Significant Accounting Policies 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 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 and 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 any losses in such accounts. Also included in cash and equivalents are highly liquid investments that are readily convertible into known amounts of cash, which are subject to an insignificant risk of change in value due to interest rate, quoted price or penalty on withdrawal and have a maturity of three months or less. 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 (expense). At December 31, 2021 and 2020, the Company held no trading securities. For the fiscal years ended December 31, 2021, 2020, and 2019 the Company recorded realized and unrealized gains and (losses) from these investments of nothing and approximately $(28,000) and $1,955,000 respectively. Receivables Credit sales are made primarily to two customers and no collateral is required. The Company carries these accounts receivable at face 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. This investment is being accounted for under the equity method of accounting under which the Company's share of net income is recognized as income in the Company's income statement 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. 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 and Equipment Property and equipment are stated at cost. Significant additions and betterments are capitalized, while expenditures for maintenance and repairs are charged to operations when incurred. The Company uses the straight-line method of computing depreciation over the estimated useful lives as follows: Estimated Useful Life in Years Minimum Maximum Land Improvements 20 40 Buildings 10 40 Equipment 7 40 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 a long-lived asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by an asset group to the carrying value of the asset group. If the carrying value of the long-lived 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. The Company has concluded that no impairment is necessary as of December 31, 2021 and 2020. 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. Although the contracts are economic hedges of specified risks, they are not designated or 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 revenues in the accompanying financial statements. The fair values of all contracts with the same counter party are presented net on the accompanying balance sheet as derivative instruments net of cash due from/to broker. Utility Rights Utility rights consist of payments to electric and natural gas companies for construction in aid of electric and gas lines to the facility but the Company retains no ownership rights to the assets. The utility rights are amortized on a straight-line basis over 15 years based on the estimated normal usage of such infrastructure. At December 31, 2021, the Company anticipates the following amortization of utility rights for the years ended December 31: 2022 $ 136,000 2023 136,000 2024 35,000 Total amortization $ 307,000 Revenue and Cost Recognition The Company recognizes revenue from contracts with customers when obligations under the terms of the respective contracts with customers are satisfied. 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. Income Taxes The Company was formed under sections of the federal and state income tax laws which provide that, in lieu of corporate income taxes, the members separately account for their share of the Company's items of income, deductions, losses and credits. As a result of this election, no income taxes have been recognized in the accompanying financial statements. Management has evaluated the Company's tax positions under the Financial Accounting Standards Board issued guidance on accounting for uncertainty in income taxes and concluded that the Company had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Net Income per Unit Basic and 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. Operating Segment The Company uses the "management approach" for reporting information about segments in annual and interim financial statements. The management approach is based on the way the chief operating decision-maker organizes segments within a company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure and any other manner in which management disaggregates a company. Based on the "management approach" model, the Company has determined that its business is comprised of a single operating segment. Environmental Liabilities The Company's operations are subject to environmental laws and regulations adopted by various governmental authorities in the jurisdiction in which it operates. These laws require the Company to investigate and remediate the effects of the release or disposal of materials at its locations. Accordingly, the Company has adopted policies, practices and procedures in the areas of pollution control, occupational health and the production, handling, storage and use of hazardous materials to prevent material environmental or other damage, and to limit the financial liability which could result from such events. Environmental liabilities are recorded when the Company's liability is probable and the costs can be reasonably estimated. No expense or liability, including asset retirement obligations, for environmental liabilities has been recorded for the years ended December 31, 2021, 2020, or 2019. Fair Value Financial instruments include cash and equivalents, trading securities, accounts receivable, derivative instruments, accounts payable, accrued expenses and long-term debt. The fair value of trading securities and derivative financial instruments is based on quoted market prices (see Note 9). The fair value of other current financial instruments is estimated to approximate carrying value due to the short-term nature of these instruments (Level 3). The fair value of long-term debt is estimated to approximate carrying value due to the short period of time held and the fixed rate approximating available market rates as of year-end (Level 3). 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 year ended December 31, 2021, ethanol sales averaged approximately 79% of total revenues, while approximately 15% of revenues were generated from the sale of distiller grains and 6% of revenues were generated from the sale of corn oil. For the year ended December 31, 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 it sells ethanol 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 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 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.

Inventory

Inventory	12 Months Ended
	Dec. 31, 2021
Inventory [Abstract]
Inventory	INVENTORY Inventory consisted of the following as of December 31, 2021 and 2020. 2021 2020 Raw Materials $ 30,921,702 $ 15,909,576 Work in Process 3,667,888 2,923,041 Finished Goods 4,670,165 5,626,791 Totals $ 39,259,755 $ 24,459,408

Debt

Debt	12 Months Ended
	Dec. 31, 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, 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 two loans with Home Federal, a term revolving loan and a revolving line of credit. 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 the Prime Rate less 60 basis points, 2.65% at December 31, 2021. There was no balance outstanding on the term revolving loan and $50 million available to be drawn as of December 31, 2021 and 2020. Revolving Line of Credit Under the terms of the Third Amended and Restated Second Supplement to the Master Loan Agreement, dated July 22, 2021, the Company can borrow up to $50 million pursuant to the revolving line of credit. The amount available under the revolving line of credit decreased to $40 million on December 31, 2021 and decreases again to $30 million on May 31, 2022. Interest on the revolving line of credit accrues at a Prime Rate less 30 basis points, 2.95% on December 31, 2021. There is a fee on the unused portion of the revolving loan equal to 0.30%. The maturity date of this revolving loan is November 6, 2025. There was no balance outstanding on the revolving line of credit as of December 31, 2021 and 2020. Paycheck Protection Program Debt The Company entered into a loan agreement with the Small Business Administration through Home Federal Savings Bank on April 7, 2020 for approximately $908,000 as part of the Paycheck Protection Program under Division A, Title I of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The loan was to mature in April 2022 and has an interest rate of 1.0%. Proceeds of the loan are restricted for use towards payroll costs and other allowable uses such as covered utilities for a 24 week period following the loan under the Paycheck Protection Program Rules. Provisions of the agreement allow for a portion of the loan to be forgiven if certain qualifications are met. In November 2020, the Company received notification from the SBA that all loan proceeds received by the Company were forgiven. As the Company was legally released as the primary obligor, the Company recorded a gain on debt extinguishment in the statements of operations for approximately $908,000 during the year ended December 31, 2020. Covenants During the term of the loan, 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 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 debt covenants as of December 31, 2021.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS The Company purchases corn and materials from members of its Board of Directors who own or manage elevators or are local producers of corn. Purchases during the years ended December 31, 2021, and 2020 from these companies and individuals totaled approximately $3,955,000, and $2,282,000, respectively. Amounts due to those members was none and $28,000, as of December 31, 2021 and 2020, respectively. In April, 2020, the Company completed the repurchase of units from a former member; $30 million was paid to the former member.

Commitments, Contingencies and

Commitments, Contingencies and Agreements	12 Months Ended
	Dec. 31, 2021
Commitments, Contingencies and Agreements [Abstract]
Commitments and Contingencies and Agreements	COMMITMENTS, CONTINGENCIES AND AGREEMENTS Ethanol, corn oil, and distiller grains marketing agreements and major customers The Company has entered into a marketing agreement with RPMG, a related party, to sell all ethanol produced at the plant at a mutually agreed on price, less commission and transportation charges. As of December 31, 2021, the Company had no commitments to sell any of its produced gallons of ethanol at fixed prices. The Company has also 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 December 31, 2021, the Company had commitments to sell approximately 9.8 million pounds of corn oil at various fixed and basis price levels indexed against exchanges for delivery throughout the first quarter of 2022. The Company also has an investment in RPMG, LLC, included in other assets, totaling approximately $2,990,000 and $2,527,000 as of December 31, 2021 and 2020. 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 calls for automatic renewal for successive one All above sales commitments are accounted for as normal sales, and accordingly, have not been marked to market. Sales and marketing fees related to the agreements in place for the years ended December 31, 2021, 2020 and 2019 were as follows: 2021 2020 2019 Sales ethanol - RPMG $ 415,385,000 $ 205,900,000 $ 257,312,000 Sales distiller grains 82,233,000 55,669,000 58,555,000 Sales corn oil - RPMG 33,445,000 14,698,000 13,607,000 Marketing fees ethanol - RPMG $ 407,000 $ 206,000 $ 243,000 Marketing fees distiller grains 837,000 817,000 879,000 Marketing fees corn oil - RPMG 117,000 101,000 104,000 2021 2020 Amount due from RPMG $ 3,489,000 $ 1,451,000 Amount due from CHS 2,484,000 2,635,000 At December 31, 2021, the Company had approximately $29,645,000 in outstanding corn purchase commitments for bushels at various prices and approximately 2,584,000 bushels of unpriced corn purchase commitments through June 2023. Additionally, the Company had locked in place approximately 1,629,000 decatherms of natural gas at fixed prices through April 30, 2023. These contracts are accounted for under the normal purchase exclusion. As of December 31, 2021, the Company had approximately 3,416,000 bushels with approximate market value of $18,522,000 of deferred corn. As of December 31, 2020, the Company had approximately 2,884,000 bushels with approximate market value of $11,208,000 of deferred corn payable. The Company has commitments for minimum purchases of various utilities such as natural gas and electricity through April, 2023, accounted for under the normal purchase exclusion, which approximated $10,780,338.

Lease Obligations

Lease Obligations	12 Months Ended
	Dec. 31, 2021
Lease Obligations [Abstract]
Lessee, Operating Leases	LEASE OBLIGATIONS A lease exists when a contract conveys to a party the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration. The Company recognizes 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 seven years. The Company is obligated to pay costs of insurance, taxes, repairs and maintenance pursuant to terms of the leases. Rent expense incurred for the operating leases during the years ended December 31, 2021, 2020 and 2019 was approximately $1,917,000, $1,772,000 and $1,734,000. 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 0.89 years as of December 31, 2021. The discount rate used in determining the lease liability for each individual lease was the Company's estimated incremental borrowing rate of 4.79%. The right-of-use asset operating lease, included in other assets, and operating lease liability, included in current and long term liabilities was $1,479,064 and $3,116,941 as of December 31, 2021 and 2020, respectively. At December 31, 2021, the Company had the following approximate minimum rental commitments under non-cancelable operating leases for the years ended December 31: 2022 1,047,000 2023 300,000 2024 109,000 2025 90,000 Total lease commitments $ 1,546,000 A reconciliation of the undiscounted future payments in the schedule above and the lease liability recognized in the balance sheet as of December 31, 2021, is shown below. Undiscounted future payments $ 1,546,000 Discount effect (66,936) $ 1,479,064

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Employee Benefit Plans [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANSOn January 1, 2016, the Company adopted a 401k retirement plan which provides retirement savings options for all eligible employees. Previously, the Company utilized a Simple IRA Adoption Agreement to provide retirement savings options for all eligible employees. Employees meeting certain eligibility requirements can participate in the plan. The Company makes a matching contribution based on the participants' eligible wages. For the years ended December 31, 2021, 2020 and 2019, the Company made matching contributions of approximately $187,000, $183,000 and $185,000, respectively.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 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. During the previous period and over the next 12 months, the Company has hedged and anticipates hedging between 5% and 60% of its anticipated monthly grind. At December 31, 2021, the Company has hedged portions of its anticipated monthly purchases for corn averaging approximately 18% of its anticipated monthly grind over the next twelve months. Unrealized gains and losses on non-exchange traded forward contracts are deemed "normal purchases or sales" under authoritative accounting guidance, as amended and, therefore, are not marked to market in the Company's financial statements. The following table represents the approximate amount of realized and unrealized gains (losses) and changes in fair value recognized in earnings on commodity contracts for years ended December 31, 2021, 2020, and 2019 and the fair value of derivatives as of December 31, 2021 and 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 year ended December 31, 2021. Cost of Goods Sold $ (12,600,000) $ 2,312,000 $ (10,288,000) Total $ (12,600,000) $ 2,312,000 $ (10,288,000) Derivatives not designated as hedging instruments: Commodity contracts for the year ended December 31, 2020. Revenue $ (1,177,000) $ — $ (1,177,000) Cost of Goods Sold $ 1,783,000 $ (7,325,000) $ (5,542,000) Total $ 606,000 $ (7,325,000) $ (6,719,000) Derivatives not designated as hedging instruments: Commodity contracts for the year ended December 31, 2019. Cost of Goods Sold $ 3,530,000 $ 927,000 $ 4,457,000 Total $ 3,530,000 $ 927,000 $ 4,457,000 Balance Sheet Classification December 31, 2021 December 31, 2020 Futures and option contracts In gain position $ 222,000 $ — In loss position (4,143,000) (6,233,000) Cash held by broker 7,648,000 7,074,000 Current Asset $ 3,727,000 $ 841,000

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS 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 December 31, 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 Derivative financial instruments December 31, 2021 Assets $ 222,000 $ 222,000 $ — $ — Liabilities $ (4,143,000) $ (4,143,000) $ — $ — December 31, 2020 Assets $ 1,126,000 $ 1,126,000 $ — $ — Liabilities $ (6,233,000) $ (6,233,000) $ — $ —

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	QUARTERLY FINANCIAL DATA (UNAUDITED) Summary quarterly results for the years ended December 31, 2021, 2020 and 2019 are as follows: 2021 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 96,376,950 $ 130,691,378 $ 126,320,907 $ 177,684,148 Gross Profit 7,156,451 14,113,524 15,145,566 56,998,258 Operating Income 5,924,075 12,982,216 13,786,405 55,133,218 Net Income 5,865,295 12,909,351 13,745,593 55,153,190 Basic & diluted earnings per unit $ 91 $ 200 $ 213 $ 854 2020 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 65,037,238 $ 63,862,205 $ 73,396,939 $ 79,090,057 Gross Profit (Loss) (3,927,585) 4,577,977 8,128,255 (999,427) Operating Income (Loss) (4,932,598) 3,746,721 7,150,515 (1,904,528) Net Income (Loss) (5,248,565) 3,961,822 7,256,014 105,729 Basic & diluted earnings (Loss) per unit $ (81) $ 61 $ 112 $ 2 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 82,074,397 $ 84,860,557 $ 76,896,475 $ 85,943,256 Gross Profit 5,567,871 4,600,109 4,527,443 7,428,426 Operating Income 4,402,367 3,621,216 3,801,180 6,413,554 Net Income 4,719,055 4,259,845 3,990,592 6,507,261 Basic & diluted earnings per unit $ 73 $ 66 $ 62 $ 101

Group Insurance

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

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Nature of Business and Significant Accounting Policies [Abstract]
Accounting Estimates	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 and Cash Equivalents	Cash and 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 any losses in such accounts. Also included in cash and equivalents are highly liquid investments that are readily convertible into known amounts of cash, which are subject to an insignificant risk of change in value due to interest rate, quoted price or penalty on withdrawal and have a maturity of three months or less.
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 (expense). At December 31, 2021 and 2020, the Company held no trading securities. For the fiscal years ended December 31, 2021, 2020, and 2019 the Company recorded realized and unrealized gains and (losses) from these investments of nothing and approximately $(28,000) and $1,955,000 respectively.
Receivables	Receivables Credit sales are made primarily to two customers and no collateral is required. The Company carries these accounts receivable at face 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. This investment is being accounted for under the equity method of accounting under which the Company's share of net income is recognized as income in the Company's income statement 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.
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 and Equipment	Property and Equipment Property and equipment are stated at cost. Significant additions and betterments are capitalized, while expenditures for maintenance and repairs are charged to operations when incurred. The Company uses the straight-line method of computing depreciation over the estimated useful lives as follows: Estimated Useful Life in Years Minimum Maximum Land Improvements 20 40 Buildings 10 40 Equipment 7 40 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 a long-lived asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by an asset group to the carrying value of the asset group. If the carrying value of the long-lived 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. The Company has concluded that no impairment is necessary as of December 31, 2021 and 2020.
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. Although the contracts are economic hedges of specified risks, they are not designated or 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 revenues in the accompanying financial statements. The fair values of all contracts with the same counter party are presented net on the accompanying balance sheet as derivative instruments net of cash due from/to broker.
Utility Rights	Utility Rights Utility rights consist of payments to electric and natural gas companies for construction in aid of electric and gas lines to the facility but the Company retains no ownership rights to the assets. The utility rights are amortized on a straight-line basis over 15 years based on the estimated normal usage of such infrastructure. At December 31, 2021, the Company anticipates the following amortization of utility rights for the years ended December 31: 2022 $ 136,000 2023 136,000 2024 35,000 Total amortization $ 307,000
Revenue Recognition	Revenue and Cost Recognition The Company recognizes revenue from contracts with customers when obligations under the terms of the respective contracts with customers are satisfied. 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.
Income Taxes	Income Taxes The Company was formed under sections of the federal and state income tax laws which provide that, in lieu of corporate income taxes, the members separately account for their share of the Company's items of income, deductions, losses and credits. As a result of this election, no income taxes have been recognized in the accompanying financial statements. Management has evaluated the Company's tax positions under the Financial Accounting Standards Board issued guidance on accounting for uncertainty in income taxes and concluded that the Company had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance.
Net Income per Unit	Net Income per Unit Basic and 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.
Operating Segment	Operating Segment The Company uses the "management approach" for reporting information about segments in annual and interim financial statements. The management approach is based on the way the chief operating decision-maker organizes segments within a company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure and any other manner in which management disaggregates a company. Based on the "management approach" model, the Company has determined that its business is comprised of a single operating segment.
Environmental Liabilities	Environmental Liabilities The Company's operations are subject to environmental laws and regulations adopted by various governmental authorities in the jurisdiction in which it operates. These laws require the Company to investigate and remediate the effects of the release or disposal of materials at its locations. Accordingly, the Company has adopted policies, practices and procedures in the areas of pollution control, occupational health and the production, handling, storage and use of hazardous materials to prevent material environmental or other damage, and to limit the financial liability which could result from such events. Environmental liabilities are recorded when the Company's liability is probable and the costs can be reasonably estimated. No expense or liability, including asset retirement obligations, for environmental liabilities has been recorded for the years ended December 31, 2021, 2020, or 2019.
Fair Value of Financial Instruments, Policy	Fair Value Financial instruments include cash and equivalents, trading securities, accounts receivable, derivative instruments, accounts payable, accrued expenses and long-term debt. The fair value of trading securities and derivative financial instruments is based on quoted market prices (see Note 9). The fair value of other current financial instruments is estimated to approximate carrying value due to the short-term nature of these instruments (Level 3). The fair value of long-term debt is estimated to approximate carrying value due to the short period of time held and the fixed rate approximating available market rates as of year-end (Level 3).
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 year ended December 31, 2021, ethanol sales averaged approximately 79% of total revenues, while approximately 15% of revenues were generated from the sale of distiller grains and 6% of revenues were generated from the sale of corn oil. For the year ended December 31, 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 it sells ethanol 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 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 Business and Signif_3

Nature of Business and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Nature of Business and Significant Accounting Policies [Abstract]
Property, Plant and Equipment	The Company uses the straight-line method of computing depreciation over the estimated useful lives as follows: Estimated Useful Life in Years Minimum Maximum Land Improvements 20 40 Buildings 10 40 Equipment 7 40
Amortization of Loan Fees and Utility Rights	At December 31, 2021, the Company anticipates the following amortization of utility rights for the years ended December 31: 2022 $ 136,000 2023 136,000 2024 35,000 Total amortization $ 307,000

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2021
Inventory [Abstract]
Schedule of Inventory	Inventory consisted of the following as of December 31, 2021 and 2020. 2021 2020 Raw Materials $ 30,921,702 $ 15,909,576 Work in Process 3,667,888 2,923,041 Finished Goods 4,670,165 5,626,791 Totals $ 39,259,755 $ 24,459,408

Commitments, Contingencies an_2

Commitments, Contingencies and Agreements (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments, Contingencies and Agreements [Abstract]
Schedule of Related Party Transactions	Sales and marketing fees related to the agreements in place for the years ended December 31, 2021, 2020 and 2019 were as follows: 2021 2020 2019 Sales ethanol - RPMG $ 415,385,000 $ 205,900,000 $ 257,312,000 Sales distiller grains 82,233,000 55,669,000 58,555,000 Sales corn oil - RPMG 33,445,000 14,698,000 13,607,000 Marketing fees ethanol - RPMG $ 407,000 $ 206,000 $ 243,000 Marketing fees distiller grains 837,000 817,000 879,000 Marketing fees corn oil - RPMG 117,000 101,000 104,000 2021 2020 Amount due from RPMG $ 3,489,000 $ 1,451,000 Amount due from CHS 2,484,000 2,635,000

Lease Obligations (Tables)

Lease Obligations (Tables)	12 Months Ended
	Dec. 31, 2021
Lease Obligations [Abstract]
Lessee, Operating Lease, Liability, Maturity	At December 31, 2021, the Company had the following approximate minimum rental commitments under non-cancelable operating leases for the years ended December 31: 2022 1,047,000 2023 300,000 2024 109,000 2025 90,000 Total lease commitments $ 1,546,000 A reconciliation of the undiscounted future payments in the schedule above and the lease liability recognized in the balance sheet as of December 31, 2021, is shown below. Undiscounted future payments $ 1,546,000 Discount effect (66,936) $ 1,479,064

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Other Derivatives Not Designated as Hedging Instruments, Income Statement Classification	The following table represents the approximate amount of realized and unrealized gains (losses) and changes in fair value recognized in earnings on commodity contracts for years ended December 31, 2021, 2020, and 2019 and the fair value of derivatives as of December 31, 2021 and 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 year ended December 31, 2021. Cost of Goods Sold $ (12,600,000) $ 2,312,000 $ (10,288,000) Total $ (12,600,000) $ 2,312,000 $ (10,288,000) Derivatives not designated as hedging instruments: Commodity contracts for the year ended December 31, 2020. Revenue $ (1,177,000) $ — $ (1,177,000) Cost of Goods Sold $ 1,783,000 $ (7,325,000) $ (5,542,000) Total $ 606,000 $ (7,325,000) $ (6,719,000) Derivatives not designated as hedging instruments: Commodity contracts for the year ended December 31, 2019. Cost of Goods Sold $ 3,530,000 $ 927,000 $ 4,457,000 Total $ 3,530,000 $ 927,000 $ 4,457,000
Schedule of Fair Value of Derivatives Instruments, Balance Sheet	Balance Sheet Classification December 31, 2021 December 31, 2020 Futures and option contracts In gain position $ 222,000 $ — In loss position (4,143,000) (6,233,000) Cash held by broker 7,648,000 7,074,000 Current Asset $ 3,727,000 $ 841,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of December 31, 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 Derivative financial instruments December 31, 2021 Assets $ 222,000 $ 222,000 $ — $ — Liabilities $ (4,143,000) $ (4,143,000) $ — $ — December 31, 2020 Assets $ 1,126,000 $ 1,126,000 $ — $ — Liabilities $ (6,233,000) $ (6,233,000) $ — $ —

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Summary quarterly results for the years ended December 31, 2021, 2020 and 2019 are as follows: 2021 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 96,376,950 $ 130,691,378 $ 126,320,907 $ 177,684,148 Gross Profit 7,156,451 14,113,524 15,145,566 56,998,258 Operating Income 5,924,075 12,982,216 13,786,405 55,133,218 Net Income 5,865,295 12,909,351 13,745,593 55,153,190 Basic & diluted earnings per unit $ 91 $ 200 $ 213 $ 854 2020 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 65,037,238 $ 63,862,205 $ 73,396,939 $ 79,090,057 Gross Profit (Loss) (3,927,585) 4,577,977 8,128,255 (999,427) Operating Income (Loss) (4,932,598) 3,746,721 7,150,515 (1,904,528) Net Income (Loss) (5,248,565) 3,961,822 7,256,014 105,729 Basic & diluted earnings (Loss) per unit $ (81) $ 61 $ 112 $ 2 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Total Revenues $ 82,074,397 $ 84,860,557 $ 76,896,475 $ 85,943,256 Gross Profit 5,567,871 4,600,109 4,527,443 7,428,426 Operating Income 4,402,367 3,621,216 3,801,180 6,413,554 Net Income 4,719,055 4,259,845 3,990,592 6,507,261 Basic & diluted earnings per unit $ 73 $ 66 $ 62 $ 101

Nature of Business and Signif_4

Nature of Business and Significant Accounting Policies Product (Details) - Ethanol [Member] gal in Millions	12 Months Ended
	Dec. 31, 2021gal
Product Information [Line Items]
Annual Production Capacity, Minimum	100
Annual Production Capacity, Current	190

Nature of Business and Signif_5

Nature of Business and Significant Accounting Policies Trading Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Other Nonoperating Income (Expense) [Member]
Debt and Equity Securities, FV-NI [Line Items]
Marketable Securities, Gain (Loss)	$ (28)	$ 1,955

Property, Plant and Equipment (

Property, Plant and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Tangible Asset Impairment Charges	$ 0	$ 0
Land Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	20 years
Land Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	40 years
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	10 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	40 years
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	7 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	40 years

Amortization of Loan Fees and U

Amortization of Loan Fees and Utility Rights (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of financing costs and utility rights, future minimum payments, due in one year	$ 136
Amoritzation of financing costs and utility rights, future minimum payments, due in 2018	136
Amoritzation of financing costs and utility rights, future minimum payments, due in 2019	35
Amortization of Financing Costs	$ 307
Finite-Lived Intangible Asset, Useful Life	15 years

Risk and Uncertainties (Details

Risk and Uncertainties (Details) - Cost of Goods, Segment [Member] - Cost of Goods & Serivces	12 Months Ended
	Dec. 31, 2021
Corn [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	78.00%
Ethanol [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	79.00%
Corn Oil [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	6.00%
Distillers Grains [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	15.00%

Nature of Business and Signif_6

Nature of Business and Significant Accounting Policies Investments (Details)	Dec. 31, 2021
Renewable Products Marketing Group, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	20.00%

Nature of Business and Signif_7

Nature of Business and Significant Accounting Policies Environmental Liabilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Environmental Expense and Liabilities	$ 0	$ 0	$ 0

Inventory (Details)

Inventory (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Inventory [Abstract]
Raw Materials	$ 30,921,702	$ 15,909,576
Work in Process	3,667,888	2,923,041
Finished Goods	4,670,165	5,626,791
Inventory	$ 39,259,755	$ 24,459,408

Debt (Details)

Debt (Details)	12 Months Ended
	Dec. 31, 2021USD ($)loan_agreement	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2017USD ($)	Jul. 22, 2021USD ($)	Apr. 07, 2020USD ($)
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt	$ 0	$ 907,675	$ 0
Property, Plant and Equipment
Debt Instrument [Line Items]
Long-term Purchase Commitment, Amount				$ 42,000,000
Small Business Administration
Debt Instrument [Line Items]
Debt Instrument, Face Amount						$ 908,000
Debt Instrument, Interest Rate, Stated Percentage						1.00%
Gain (Loss) on Extinguishment of Debt	$ 908,000
Home Federal Savings Bank [Member]
Debt Instrument [Line Items]
Debt Instrument, Number Of Loan Agreements | loan_agreement	2
Home Federal Savings Bank [Member] | Term Revolving Loan [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000,000
Line of Credit Facility, Interest Rate at Period End	2.65%
Line of Credit Facility, Average Outstanding Amount	$ 0	0
Line of Credit Facility, Remaining Borrowing Capacity	$ 50,000,000	50,000,000
Debt Instrument, Basis Spread on Variable Rate	0.60%
Home Federal Savings Bank [Member] | Revolving Credit Facility | Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 30				$ 50
Line of Credit Facility, Interest Rate at Period End	2.95%
Line of Credit Facility, Average Outstanding Amount	$ 0	$ 0
Line of Credit Facility, Current Borrowing Capacity	$ 40
Debt Instrument, Basis Spread on Variable Rate	0.30%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.30%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Purchases from Related Party	$ 3,955,000	$ 2,282,000
Commitment to redeem membership units	0	28,000
Increase (Decrease) in Due to Related Parties	0	(30,000,000)	$ 0
Related Party Transaction [Line Items]
Increase (Decrease) in Due to Related Parties	$ 0	(30,000,000)	$ 0
Former Director
Related Party Transactions [Abstract]
Increase (Decrease) in Due to Related Parties		30
Related Party Transaction [Line Items]
Increase (Decrease) in Due to Related Parties		$ 30

Supply Commitments (Details)

Supply Commitments (Details) tons in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)tonslb
Supply Commitment [Line Items]
Supply Commitment, Renewal Period	1 year
Supply Commitment, Agreement Termination, Notice Period	90 days
Ethanol [Member] | Supply Commitment [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed | $	$ 0
Corn Oil [Member] | Supply Commitment [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed, Weight | lb	9,800,000
Distillers Grains [Member] | Supply Commitment [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed, Weight | tons	83

Related Party (Details)

Related Party (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investor [Member]
Related Party Transaction [Line Items]
Equity Method Investments	$ 2,990,000	$ 2,527,000
Ethanol [Member] | Investor [Member]
Related Party Transaction [Line Items]
Sales	415,385,000	205,900,000	$ 257,312,000
Marketing Fees	407,000	206,000	243,000
Ethanol [Member] | RPMG [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party	3,489,000	1,451,000
Distillers Grains [Member] | CHS [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party	2,484,000	2,635,000
Distillers Grains [Member] | Unrelated Party [Member]
Related Party Transaction [Line Items]
Sales	82,233,000	55,669,000	58,555,000
Marketing Fees	837,000	817,000	879,000
Corn Oil [Member] | Investor [Member]
Related Party Transaction [Line Items]
Sales	33,445,000	14,698,000	13,607,000
Marketing Fees	$ 117,000	$ 101,000	$ 104,000

Purchase Commitments (Details)

Purchase Commitments (Details)	12 Months Ended
	Dec. 31, 2021USD ($)MMBTUbu	Dec. 31, 2020USD ($)bu
Long-term Purchase Commitment [Line Items]
Derivative, Nonmonetary Notional Amount, Volume | bu		2,884,000
Commodity Contract Asset, Current		$ 11,208,000
Corn [Member]
Long-term Purchase Commitment [Line Items]
Long-term Purchase Commitment, Amount	$ 29,645,000
Long-term Purchase Commitment, Minimum Mass Required | bu	2,584,000
Derivative, Nonmonetary Notional Amount, Volume | bu	3,416,000
Commodity Contract Asset, Current	$ 18,522,000
Natural Gas [Member]
Long-term Purchase Commitment [Line Items]
Long-term Purchase Commitment, Minimum Energy Volume Required | MMBTU	1,629,000
Natural Gas and Electricity [Member]
Long-term Purchase Commitment [Line Items]
Long-term Purchase Commitment, Amount	$ 10,780,338

Lease Obligations (Details)

Lease Obligations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Leased Assets [Line Items]
Lease term	7 years
Operating Lease, Weighted Average Remaining Lease Term	10 months 20 days
Operating Lease, Weighted Average Discount Rate, Percent	4.79%
ROU assets	$ 1,479,064
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(66,936)
Railroad Transportation Equipment [Member]
Operating Leased Assets [Line Items]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	1,047,000
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Two	300,000
Operating Leases, Future Minimum Payments, Due in Three Years	109,000
Operating Leases, Future Minimum Payments, Due in Four Years	90,000
Lessee, Operating Lease, Liability, Payments, Due	1,546,000
Operating Lease, Cost	$ 1,917,000	$ 1,772,000	$ 1,734,000

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Employee Benefit Plans [Abstract]
Employer contributions	$ 187,000	$ 183,000	$ 185,000

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) - bu	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount, Volume		2,884,000
Commodity Contract [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount, Volume	65,000,000
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Coverage	18.00%
Designated as Hedging Instrument [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Yearly Average	5.00%
Designated as Hedging Instrument [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount, Percent of Required Need, Yearly Average	60.00%

Derivative Instruments - Income

Derivative Instruments - Income Statement (Details) - Not Designated as Hedging Instrument [Member] - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Realized Gain (Loss)	$ (12,600,000)	$ 606,000	$ 3,530,000
Change In Unrealized Gain (Loss)	2,312,000	(7,325,000)	927,000
Total Gain (Loss)	(10,288,000)	(6,719,000)	4,457,000
Commodity Contract [Member] | Cost of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Realized Gain (Loss)	(12,600,000)	1,783,000	3,530,000
Change In Unrealized Gain (Loss)	2,312,000	(7,325,000)	927,000
Total Gain (Loss)	$ (10,288,000)	(5,542,000)	$ 4,457,000
Commodity Contract [Member] | Sales
Derivative Instruments, Gain (Loss) [Line Items]
Realized Gain (Loss)		(1,177,000)
Change In Unrealized Gain (Loss)		0
Total Gain (Loss)		$ (1,177,000)

Derivative Instruments - Balanc

Derivative Instruments - Balance Sheet (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative instruments	$ 3,727,350	$ 840,857
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Other Receivables from Broker-Dealers and Clearing Organizations	7,648,000	7,074,000
Derivative instruments	3,727,000	841,000
Commodity Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
In gain position	222,000	0
In loss position	$ (4,143,000)	$ (6,233,000)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	$ 222,000	$ 1,126,000
Derivative Liability	(4,143,000)	(6,233,000)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	222,000	1,126,000
Derivative Liability	(4,143,000)	(6,233,000)
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0	0
Derivative Liability	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Assets	0	0
Derivative Liability	$ 0	$ 0

Quarterly Financial Data (Una_3

Quarterly Financial Data (Unaudited) (Details) - USD ($)	3 Months Ended												12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 177,684,148	$ 126,320,907	$ 130,691,378	$ 96,376,950	$ 79,090,057	$ 73,396,939	$ 63,862,205	$ 65,037,238	$ 85,943,256	$ 76,896,475	$ 84,860,557	$ 82,074,397	$ 531,073,383	$ 281,386,439	$ 329,774,685
Gross Profit	56,998,258	15,145,566	14,113,524	7,156,451	(999,427)	8,128,255	4,577,977	(3,927,585)	7,428,426	4,527,443	4,600,109	5,567,871	93,413,799	7,779,220	22,123,849
Operating Income (Loss)	55,133,218	13,786,405	12,982,216	5,924,075	(1,904,528)	7,150,515	3,746,721	(4,932,598)	6,413,554	3,801,180	3,621,216	4,402,367	87,825,914	4,060,110	18,238,317
Net Income	$ 55,153,190	$ 13,745,593	$ 12,909,351	$ 5,865,295	$ 105,729	$ 7,256,014	$ 3,961,822	$ (5,248,565)	$ 6,507,261	$ 3,990,592	$ 4,259,845	$ 4,719,055	$ 87,673,429	$ 6,075,000	$ 19,476,753
Basic & diluted earnings earnings per unit (in dollars per share)	$ 854	$ 213	$ 200	$ 91	$ 2	$ 112	$ 61	$ (81)	$ 101	$ 62	$ 66	$ 73	$ 1,358	$ 94	$ 302