Homeland Energy Solutions 10-Q 16 May 22 2022 Q1 Quarterly report Financial data

Document - Cover

Document - Cover - shares	3 Months Ended
	Mar. 31, 2022	May 13, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2022
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, City or Town	Lawler,
Entity Address, State or Province	IA
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 Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		64,560
Entity Central Index Key	0001366744
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 1,989,867	$ 18,332,190
Accounts receivable	13,984,474	6,698,657
Inventory	46,291,977	39,259,755
Prepaid and other	5,673,619	5,471,747
Derivative instruments	5,082,745	3,727,350
Total current assets	73,022,682	73,489,699
PROPERTY AND EQUIPMENT
Land and improvements	23,260,902	23,260,902
Buildings	8,785,501	8,785,501
Equipment	242,554,688	242,004,606
Construction in progress	1,182,916	3,491,064
Gross property and equipment	275,784,007	277,542,073
Less accumulated depreciation	165,275,640	161,541,718
Total property and equipment	110,508,367	116,000,355
OTHER ASSETS
Right of use asset operating leases, net	6,444,318	1,479,064
Utility rights, net of amortization of $1,660,190 and $1,591,994	2,405,185	306,873
Other assets	4,784,888	4,687,482
Total other assets	13,634,391	6,473,419
TOTAL ASSETS	197,165,440	195,963,473
CURRENT LIABILITIES
Accounts payable	13,831,764	27,925,669
Accrued expenses	1,178,295	2,217,869
Current portion operating lease liability	1,682,212	1,002,964
Total current liabilities	16,692,271	31,146,502
COMMITMENTS AND CONTINGENCIES
Long-term Debt	11,721,000	0
LONG-TERM LIABILITIES
Operating lease liability	4,762,106	476,100
Other Liabilities, Noncurrent	139,047	544,887
Total long-term liabilities	16,622,153	1,020,987
MEMBERS' EQUITY (64,560 units issued and outstanding)	163,851,016	163,795,984
TOTAL LIABILITIES AND MEMBERS' EQUITY	$ 197,165,440	$ 195,963,473

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
OTHER ASSETS
Utility rights, accumulated amortization	$ 2,059,214	$ 2,001,156
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
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue	$ 132,490,766	$ 96,376,950
Cost of goods sold	131,024,701	89,220,499
Gross profit	1,466,065	7,156,451
Selling, general and administrative expenses	1,497,817	1,232,376
Operating income	(31,752)	5,924,075
Other Income (expense)
Interest (expense)	(35,259)	(100,736)
Interest income	16,710	1,972
Other Income	105,333	39,984
Total other income (expense)	86,784	(58,780)
Net income	$ 55,032	$ 5,865,295
Earnings Per Share, Basic	$ 0.85	$ 90.85
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted	64,560	64,560

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 55,032	$ 5,865,295
Adjustments to reconcile net income to net cash (used in) operating activities:
Depreciation and amortization	3,791,978	4,273,718
Unrealized Gain (Loss) on Derivatives and Commodity Contracts	1,355,395	(406,123)
Change in working capital components:
Accounts receivable	(7,285,817)	(6,944,112)
Inventory	(7,032,222)	(5,181,102)
Prepaid and other	(44,147)	161,497
Accounts payable and other accrued expenses	(14,883,106)	(10,457,205)
Net cash (used in) operating activities	(26,753,677)	(11,875,786)
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for equipment and construction in progress	(1,212,240)	(1,959,197)
(Increase) in other assets	(97,406)	(39,984)
Net cash (used in) investing activities	(1,309,646)	(1,999,181)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Lines of Credit	58,171,000	51,063,000
Repayments of Lines of Credit	(46,450,000)	(39,041,000)
Net Cash Provided by (Used in) Financing Activities	11,721,000	12,022,000
Net (decrease) in cash and cash equivalents	(16,342,323)	(1,852,967)
Cash and Cash Equivalents - Beginning	18,332,190	5,072,227
Cash and Cash Equivalents - Ending	1,989,867	3,219,260
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	2,982	57,854
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Accounts payable issued for property and equipment additions	179,706	26,775
Establishment of lease liability and right-of-use asset	5,387,104	0
Accounts payable issued for property and equipment additions	179,706	26,775
Cash paid for interest	2,982	57,854
Establishment of lease liability and right-of-use asset	$ 5,387,104	$ 0

Statements of Changes in Member

Statements of Changes in Members' Equity	USD ($)
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, 2021	163,795,984
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	55,032
Members' Equity, Balance at Mar. 31, 2022	$ 163,851,016

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements	3 Months Ended
	Mar. 31, 2022
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, 2021, contained in the Company's annual report on Form 10-K for 2021. 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 ("GAAP"). 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. 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 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. 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 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 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. The Company has concluded that no impairment is necessary as of March 31, 2022 and December 31, 2021. 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. 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 March 31, 2022, the Company anticipates the following amortization of utility rights for the years ended March 31: 2023 $ 280,000 2024 $ 280,000 2025 $ 144,000 2026 $ 144,000 2027 $ 144,000 Thereafter $ 1,408,000 Total amortization $ 2,400,000 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. 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. 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 three months ended March 31, 2022, ethanol sales averaged approximately 76% of total revenues, while approximately 16% of revenues were generated from the sale of distiller grains. Corn oil sales attributed approximately 8% of revenues during this time period. For the three months ended March 31, 2022, corn costs averaged approximately 68% 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 programs, global political or economic issues, including but not limited to the war in Ukraine including sanctions associated therewith, or global damaging growing conditions, such as plant disease or adverse weather, including drought, increased fertilizer costs as well as global conflicts. 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	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventory	INVENTORY Inventory consisted of the following as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Raw Materials $ 37,013,775 $ 30,921,702 Work in Process 4,408,242 3,667,888 Finished Goods 4,869,960 4,670,165 Totals $ 46,291,977 $ 39,259,755

Debt

Debt	3 Months Ended
	Mar. 31, 2022
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 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, 2.90% on March 31, 2022. On March 31, 2022 there was approximately $11.7 million outstanding on the term revolving loan and approximately $38.3 million available to be drawn on. On December 31, 2021 there was no balance outstanding on the term revolving loan and $50 million available to be drawn on. 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 could 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 the Prime Rate less 30 basis points, 3.20% on March 31, 2022. There is a fee on the unused portion of the revolving line of credit equal to 0.30%. The maturity date of this revolving line of credit is November 6, 2025. There was no balance outstanding on the revolving line of credit as of March 31, 2022 or December 31, 2021. 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 March 31, 2022.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2022
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 months ended March 31, 2022 and March 31, 2021 totaled approximately $2,434,000 and $2,036,000, respectively. Amounts due to these members were approximately $6,500 and none at March 31, 2022 and December 31, 2021, respectively.

Commitments, Contingencies, Agr

Commitments, Contingencies, Agreements and Subsequent Events	3 Months Ended
	Mar. 31, 2022
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, a related party, to sell all denatured fuel ethanol produced at the plant at a mutually agreed on price, less commission and transportation charges. As of March 31, 2022, the Company had no commitments to sell any of its produced gallons of ethanol at fixed prices and approximately 45 million of its produced gallons of ethanol at basis price levels indexed against exchanges for delivery through June 30, 2022. 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. 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 March 31, 2022, 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 June 30, 2022. The Company also has an investment in RPMG, included in other assets, totaling approximately $3,095,000 and $2,990,000 as of March 31, 2022 and December 31, 2021, respectively. The Company has entered into a marketing agreement to sell all distiller grains produced at the plant to CHS, Inc. "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 months ended March 31, 2022 and 2021 were approximately as follows: Three Months Ended Three Months Ended March 31, 2022 March 31, 2021 Sales ethanol $ 100,592,000 $ 71,731,000 Sales distiller grains 21,453,000 18,983,000 Sales corn oil 10,440,000 5,657,000 Marketing fees ethanol $ 106,000 $ 154,000 Marketing fees distiller grains 192,000 196,000 Marketing fees corn oil 36,000 29,000 As of March 31, 2022 As of December 31, 2021 Amount due from RPMG $ 9,737,000 $ 3,489,000 Amount due from CHS 4,211,000 2,484,000 At March 31, 2022, the Company had approximately $44,913,000 in outstanding priced corn purchase commitments for bushels at various prices and approximately 3,993,000 bushels of basis contracts through December 2023 accounted for under the normal purchase exclusion. The Company has commitments for minimum purchases of various utilities such as natural gas and electricity through April 2023 totaling approximately $3,405,000 accounted for under the normal purchase exclusion.

Lease Obligations

Lease Obligations	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Lease Obligations	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 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 months ended March 31, 2022 was approximately $487,000 and for the same period in 2021 was approximately $461,000. The lease agreements have maturity dates ranging from May 2022 to May 2027. The weighted average remaining life of the lease term for these leases was 2.77 years as of March 31, 2022. The discount rates used in determining the lease liability for each individual lease was the Company's estimated incremental borrowing rates of 4.79% and 2.90%. The right of use asset operating lease, included in other assets, and operating lease liability, included in current and long term liabilities was approximately $6,444,318 and $1,479,064 as of March 31, 2022 and December 31, 2021, respectively. At March 31, 2022, the Company had the following approximate minimum rental commitments under non-cancelable operating leases for the twelve month period ended March 31: 2023 $ 1,851,000 2024 1,343,000 2025 1,267,000 2026 1,222,000 2027 1,159,000 Thereafter 60,000 Total lease commitments $ 6,902,000 A reconciliation of the undiscounted future payments in the schedule above and the lease liability recognized in the consolidated balance sheet as of March 31, 2022, is shown below. Undiscounted future payments $ 6,902,000 Discount effect (457,682) $ 6,444,318

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022, the Company has hedged portions of its anticipated monthly purchases for corn averaging approximately 22% 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 months ending March 31, 2022 and 2021 and the fair value of derivatives as of March 31, 2022 and December 31, 2021: 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 March 31, 2022 Cost of Goods Sold $ (14,266,000) $ (5,620,000) $ (19,886,000) Total $ (39,772,000) Commodity contracts for the three months ended March 31, 2021 Cost of Goods Sold (5,315,000) 3,967,000 (1,348,000) Balance Sheet Classification March 31, 2022 December 31, 2021 Futures contracts In gain position $ 69,000 $ 222,000 In loss position (9,610,000) (4,143,000) Cash held by broker 14,624,000 7,648,000 Current Asset $ 5,083,000 $ 3,727,000

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 and December 31, 2021, 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 March 31, 2022 Derivative financial instruments Assets $ 69,000 $ 69,000 $ — $ — Liabilities $ (9,610,000) $ (9,610,000) $ — $ — As of December 31, 2021 Derivative financial instruments Assets $ 222,000 $ 222,000 $ — $ — Liabilities $ (4,143,000) $ (4,143,000) $ — $ —

Nature of Business and Signific

Nature of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
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.
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 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.
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.
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.
Financing Receivable, Fee and Interest Income	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 March 31, 2022, the Company anticipates the following amortization of utility rights for the years ended March 31: 2023 $ 280,000 2024 $ 280,000 2025 $ 144,000 2026 $ 144,000 2027 $ 144,000 Thereafter $ 1,408,000 Total amortization $ 2,400,000
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.
Income Tax, Policy	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.
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 three months ended March 31, 2022, ethanol sales averaged approximately 76% of total revenues, while approximately 16% of revenues were generated from the sale of distiller grains. Corn oil sales attributed approximately 8% of revenues during this time period. For the three months ended March 31, 2022, corn costs averaged approximately 68% 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 programs, global political or economic issues, including but not limited to the war in Ukraine including sanctions associated therewith, or global damaging growing conditions, such as plant disease or adverse weather, including drought, increased fertilizer costs as well as global conflicts. 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.
Property, Plant and Equipment, Policy	Property & 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 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. The Company has concluded that no impairment is necessary as of March 31, 2022 and December 31, 2021.

Organization, Consolidation a_2

Organization, Consolidation and Presentation of Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure	the Company anticipates the following amortization of utility rights for the years ended March 31: 2023 $ 280,000 2024 $ 280,000 2025 $ 144,000 2026 $ 144,000 2027 $ 144,000 Thereafter $ 1,408,000 Total amortization $ 2,400,000
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

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory	INVENTORY Inventory consisted of the following as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Raw Materials $ 37,013,775 $ 30,921,702 Work in Process 4,408,242 3,667,888 Finished Goods 4,869,960 4,670,165 Totals $ 46,291,977 $ 39,259,755

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Revenue from External Customers by Products and Services	Sales and marketing fees related to the agreements in place for the three months ended March 31, 2022 and 2021 were approximately as follows: Three Months Ended Three Months Ended March 31, 2022 March 31, 2021 Sales ethanol $ 100,592,000 $ 71,731,000 Sales distiller grains 21,453,000 18,983,000 Sales corn oil 10,440,000 5,657,000 Marketing fees ethanol $ 106,000 $ 154,000 Marketing fees distiller grains 192,000 196,000 Marketing fees corn oil 36,000 29,000 As of March 31, 2022 As of December 31, 2021 Amount due from RPMG $ 9,737,000 $ 3,489,000 Amount due from CHS 4,211,000 2,484,000

Lease Obligations (Tables)

Lease Obligations (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Operating Leases Minimum Rental Commitments	At March 31, 2022, the Company had the following approximate minimum rental commitments under non-cancelable operating leases for the twelve month period ended March 31: 2023 $ 1,851,000 2024 1,343,000 2025 1,267,000 2026 1,222,000 2027 1,159,000 Thereafter 60,000 Total lease commitments $ 6,902,000 A reconciliation of the undiscounted future payments in the schedule above and the lease liability recognized in the consolidated balance sheet as of March 31, 2022, is shown below. Undiscounted future payments $ 6,902,000 Discount effect (457,682) $ 6,444,318

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
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 months ending March 31, 2022 and 2021 and the fair value of derivatives as of March 31, 2022 and December 31, 2021: 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 March 31, 2022 Cost of Goods Sold $ (14,266,000) $ (5,620,000) $ (19,886,000) Total $ (39,772,000) Commodity contracts for the three months ended March 31, 2021 Cost of Goods Sold (5,315,000) 3,967,000 (1,348,000)
Schedule of Derivatives Balance Sheet Classification	Balance Sheet Classification March 31, 2022 December 31, 2021 Futures contracts In gain position $ 69,000 $ 222,000 In loss position (9,610,000) (4,143,000) Cash held by broker 14,624,000 7,648,000 Current Asset $ 5,083,000 $ 3,727,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 and December 31, 2021, 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 March 31, 2022 Derivative financial instruments Assets $ 69,000 $ 69,000 $ — $ — Liabilities $ (9,610,000) $ (9,610,000) $ — $ — As of December 31, 2021 Derivative financial instruments Assets $ 222,000 $ 222,000 $ — $ — Liabilities $ (4,143,000) $ (4,143,000) $ — $ —

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies - Product (Details) gal in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)gal	Dec. 31, 2021USD ($)
Product Information [Line Items]
Tangible Asset Impairment Charges | $	$ 0	$ 0
Minimum [Member] | Land Improvements
Product Information [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Minimum [Member] | Building and Building Improvements
Product Information [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Minimum [Member] | Equipment
Product Information [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Maximum [Member] | Land Improvements
Product Information [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] | Building and Building Improvements
Product Information [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] | Equipment
Product Information [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Renewable Products Marketing Group, LLC [Member]
Product Information [Line Items]
Ownership percentage	20.00%
Ownership percentage	20.00%
Ethanol [Member]
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 - Risks and Uncertainties (Details)	3 Months Ended
	Mar. 31, 2022
Revenue Benchmark | Product Concentration Risk | Ethanol [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	76.00%
Revenue Benchmark | Product Concentration Risk | Distillers Grains [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	16.00%
Revenue Benchmark | Product Concentration Risk | Corn Oil [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	8.00%
Cost of Goods and Service, Segment Benchmark [Member] | Cost of Goods & Services | Corn [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	68.00%

Utility Rights

Utility Rights	3 Months Ended
	Mar. 31, 2022USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Finite-Lived Intangible Asset, Useful Life	15 years
Amortization of Financing Costs & Utility Rights Future Minimum Payments Due in One Year	$ 280,000
Amortization of Financing Costs & Utility Rights Future Minimum Payments Due in Two Year	280,000
Amortization of Financing Costs & Utility Rights Future Minimum Payments Due in ThreeYear	144,000
Amortization of Financing Costs & Utility Rights Future Minimum Payments Due in Four Year	144,000
Amortization of Financing Costs & Utility Rights Future Minimum Payments Due in Five Year	144,000
Amortization of Financing Costs & Utility Rights Future Minimum Payments Due After Five Years	1,408,000
Cost, Amortization	$ 2,400,000

Inventory (Details)

Inventory (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw Materials	$ 37,013,775	$ 30,921,702
Work in Process	4,408,242	3,667,888
Finished Goods	4,869,960	4,670,165
Inventory	$ 46,291,977	$ 39,259,755

Debt (Details)

Debt (Details)	3 Months Ended
	Mar. 31, 2022USD ($)loan_agreement	Dec. 31, 2021USD ($)
Home Federal Savings Bank [Member]
Debt Instrument [Line Items]
Number of loan agreements | loan_agreement	2
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	2.90%
Line of Credit Facility, Fair Value of Amount Outstanding	$ 11,700,000	$ 0
Line of Credit Facility, Remaining Borrowing Capacity	38,300,000	$ 50,000,000
Revolving Credit Facility | Home Federal Savings Bank [Member] | Term Revolving Loan [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	0
Revolving Credit Facility | Home Federal Savings Bank [Member] | Revolving Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50
Debt Instrument, Basis Spread on Variable Rate	0.30%
Line of Credit Facility, Interest Rate at Period End	3.20%
Line of Credit Facility, Remaining Borrowing Capacity	$ 30
Line of Credit Facility, Current Borrowing Capacity	40
Debt Instrument, Unused Borrowing Capacity, Fee	0.3
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
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Purchases from Related Party	$ 2,434,000	$ 2,036,000
Due to Related Parties	$ 6,500		$ 0

Commitments, Contingencies, A_2

Commitments, Contingencies, Agreements and Subsequent Events - Supply Commitments (Details) lb in Millions, gal in Millions	3 Months Ended
	Mar. 31, 2022USD ($)gallbtons	Dec. 31, 2021USD ($)
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 Basis Price Levels, Mass	0
Ethanol [Member] | Supply Commitment [Member] | Basis Price Contract
Supply Commitment [Line Items]
Supply Commitment, Minimum Amount at Basis Price Levels, Mass	45
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	68,000
Investor [Member]
Supply Commitment [Line Items]
Equity Method Investments | $	$ 3,095,000	$ 2,990,000

Commitments, Contingencies, A_3

Commitments, Contingencies, Agreements and Subsequent Events - Related Party (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Revenue	$ 132,490,766	$ 96,376,950
RPMG [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party	9,737,000		$ 3,489,000
CHS [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party	4,211,000		$ 2,484,000
Ethanol [Member] | Investor [Member]
Related Party Transaction [Line Items]
Sales	100,592,000	71,731,000
Marketing Fees	106,000	154,000
Distillers Grains [Member]
Related Party Transaction [Line Items]
Sales Commissions and Fees	192,000	196,000
Revenue	21,453,000	18,983,000
Corn Oil [Member] | Investor [Member]
Related Party Transaction [Line Items]
Sales	10,440,000	5,657,000
Marketing Fees	$ 36,000	$ 29,000

Commitments, Contingencies, A_4

Commitments, Contingencies, Agreements and Subsequent Events - Purchase Commitments (Details)	3 Months Ended
	Mar. 31, 2022USD ($)MMBTUbu
Corn [Member]
Long-term Purchase Commitment [Line Items]
Estimated expansion project costs	$ 44,913,000
Long-term Purchase Commitment, Minimum Mass Required | bu	3,993,000
Natural Gas [Member]
Long-term Purchase Commitment [Line Items]
Long-term Purchase Commitment, Minimum Energy Volume Required | MMBTU	593,000
Public Utilities
Long-term Purchase Commitment [Line Items]
Purchase Commitment, Remaining Minimum Amount Committed	$ 3,405,000

Commitments, Contingencies, A_5

Commitments, Contingencies, Agreements and Subsequent Events - Construction Agreements (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Product Information [Line Items]
Revenue	$ 132,490,766	$ 96,376,950
Ethanol [Member] | Investor [Member]
Product Information [Line Items]
Sales	100,592,000	71,731,000
Distillers Grains [Member]
Product Information [Line Items]
Revenue	21,453,000	18,983,000
Corn Oil [Member] | Investor [Member]
Product Information [Line Items]
Sales	10,440,000	$ 5,657,000
Corn [Member]
Long-term Purchase Commitment [Line Items]
Estimated expansion project costs	$ 44,913,000

Commitments, Contingencies, A_6

Commitments, Contingencies, Agreements and Subsequent Events (Details) lb in Millions	3 Months Ended
	Mar. 31, 2022USD ($)lbtons	Mar. 31, 2021USD ($)
Product Information [Line Items]
Revenue	$ 132,490,766	$ 96,376,950
Distillers Grains [Member]
Product Information [Line Items]
Sales Commissions and Fees	192,000	196,000
Revenue	21,453,000	18,983,000
Supply Commitment [Line Items]
Sales Commissions and Fees	$ 192,000	196,000
Distillers Grains [Member] | Supply Commitment [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed, Weight | tons	68,000
Ethanol [Member] | Investor [Member]
Product Information [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 106,000	154,000
Sales	$ 100,592,000	71,731,000
Corn Oil [Member] | Supply Commitment [Member]
Supply Commitment [Line Items]
Supply Commitment, Remaining Minimum Amount Committed, Weight | lb	5
Corn Oil [Member] | Investor [Member]
Product Information [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	$ 36,000	29,000
Sales	$ 10,440,000	$ 5,657,000

Lease Obligations (Details)

Lease Obligations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Operating Leased Assets [Line Items]
Lease term (up to)	7 years
Right-of-use asset operating lease	$ 6,444,318		$ 1,479,064
Weighted average discount rate (percent)	4.79%
Approximate Minimum Rental Commitments
Total undiscounted lease commitments	$ 6,902,000
Weighted average remaining lease term (years)	2 years 9 months 7 days
Railroad Transportation Equipment [Member]
Operating Leased Assets [Line Items]
Rent expense	$ 487,000
Approximate Minimum Rental Commitments
2021	1,851,000
2022	1,343,000
2023	1,267,000
2024	1,222,000
Thereafter	60,000
Total undiscounted lease commitments	$ 6,902,000
Operating Lease, Cost		$ 461,000
Operating Lease, Cost		$ 461,000

Lease Obligations - Reconciliat

Lease Obligations - Reconciliation of Undiscounted Future Payments (Details)	Mar. 31, 2022USD ($)
Reconciliation of Undiscounted Future Payments
Total undiscounted lease commitments	$ 6,902,000
Discount effect	(457,682)
Operating lease liability	6,444,318
Railroad Transportation Equipment [Member]
Reconciliation of Undiscounted Future Payments
Total undiscounted lease commitments	6,902,000
Operating Leased Assets [Line Items]
2022	1,343,000
2021	1,851,000
2025	$ 1,159,000

Derivative Instruments (Details

Derivative Instruments (Details) bu in Millions	3 Months Ended
	Mar. 31, 2022bu
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	22.00%
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] - Cost of Sales [Member] - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Realized Gain (Loss)	$ (14,266,000)	$ (5,315,000)
Change In Unrealized Gain (Loss)	(5,620,000)	3,967,000
Total Gain (Loss)	$ (19,886,000)	$ (1,348,000)

Derivative Instruments - Balanc

Derivative Instruments - Balance Sheet (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Other Receivables from Broker-Dealers and Clearing Organizations	$ 14,624,000
Other Payables to Broker-Dealers and Clearing Organizations		$ 7,648,000
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	5,083,000	3,727,000
Commodity Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Asset	69,000	222,000
Commodity Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ (9,610,000)	$ (4,143,000)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Recurring [Member] - Commodity Contract [Member] - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	$ (9,610,000)	$ (4,143,000)
Assets	69,000	222,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	(9,610,000)	(4,143,000)
Assets	69,000	222,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	0	0
Assets	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	0	0
Assets	$ 0	$ 0