Southwest Iowa Renewable Energy (SWIOU) 10-Q6 Feb 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
Document And Entity Information	Dec. 31, 2013
Entity Registrant Name	'Southwest Iowa Renewable Energy, LLC
Entity Central Index Key	'0001424844
Current Fiscal Year End Date	'--09-30
Entity Filer Category	'Smaller Reporting Company
Document Type	'10-Q
Document Period End Date	31-Dec-13
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q1
Amendment Flag	'false
A Units [Member]	'
Entity Common Stock, Shares Outstanding	8,810
B Units [Member]	'
Entity Common Stock, Shares Outstanding	3,334
C Units [Member]	'
Entity Common Stock, Shares Outstanding	1,000

Balance_Sheets

Balance Sheets (USD $)	Dec. 31, 2013	Sep. 30, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$15,424	$12,437
Restricted cash	303	303
Accounts receivable	677	722
Accounts receivable, related party	8,471	10,441
Derivative financial instruments	562	767
Inventory	9,700	8,445
Prepaid expenses and other	843	438
Total current assets	35,980	33,553
Property, Plant, and Equipment	'	'
Land	2,064	2,064
Plant, building and equipment	205,495	205,356
Office and other equipment	751	751
Total Cost	208,310	208,171
Accumulated depreciation	-67,844	-64,987
Net property and equipment	140,466	143,184
Other Assets	'	'
Financing costs, net of amortization of $3,202 and $2,341, respectively	314	431
Other assets	1,258	1,258
Total other assets	1,572	1,689
Total Assets	178,018	178,426
Current Liabilities	'	'
Accounts payable	1,713	1,130
Accounts payable, related parties	4,044	6,457
Derivative Financial Instruments Related Party	1,122	493
Accrued expenses	3,302	3,318
Accrued expenses, related parties	3,541	932
Current maturities of notes payable	111,260	123,887
Total current liabilities	124,982	136,217
Long Term Liabilities	'	'
Notes payable, less current maturities	204	212
Other long-term liabilities	375	400
Total long term liabilities	579	612
Members' Equity	'	'
Members' capital, 13,139 Units issued and outstanding	76,488	76,488
Accumulated profit (deficit)	-24,031	-34,891
Total members' equity	52,457	41,597
Total Liabilities and Members' Equity	$178,018	$178,426

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Sep. 30, 2013
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013
Statement of Financial Position [Abstract]	'	'
Financing costs, amortization	$3,607	$3,772
Members' capital, units issued	13,139	13,144
Members' capital, units outstanding	13,139	13,144

Statements_Of_Operations

Statements Of Operations (USD $)	3 Months Ended
Statements Of Operations (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]	'	'
Revenues	$80,186,000	$74,327,000
Cost of Goods Sold	'	'
Cost of goods sold-non hedging	63,861,000	78,287,000
Realized & unrealized hedging (gains)	2,211,000	1,293,000
Cost of Goods Sold	66,072,000	79,580,000
Gross Margin	14,114,000	-5,253,000
General and administrative expenses	1,206,000	1,057,000
Operating Income	12,908,000	-6,310,000
Other Income (Expense)	'	'
Other (Income) Expense	2,048,000	2,373,000
Net (Loss)	$10,860,000	($8,683,000)
Weighted Average Units Outstanding	13,144	13,139
Weighted Average Number of Shares Outstanding, Diluted	25,516	13,139
Earnings Per Share, Basic	$826.23	($660.82)
Earnings Per Share, Diluted	$454.34	($660.82)

Condensed_Statements_Of_Cash_F

Condensed Statements Of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Cash Flows From Operating Activities	'	'
Net (loss)	$10,860	($8,683)
Adjustments to reconcile net (loss) to net cash provided by operating activities:	'	'
Depreciation	2,857	2,849
Amortization	117	135
Loss on disposal of property	0	64
(Increase) decrease in current assets:	'	'
Accounts receivable	2,015	4,103
Inventories	-1,255	203
Prepaid expenses and other	-405	-481
Derivative financial instruments, related party	629	3,339
Increase Decrease in Derivative Financial Instruments	205	-306
Decrease in other long-term liabilities	-25	-25
Increase (decrease) in current liabilities:	'	'
Accounts payable	-1,829	-452
Accrued expenses	2,592	351
Net cash provided by operating activities	15,761	1,097
Cash Flows From Investing Activities	'	'
Purchase of property and equipment	-139	-40
Increase in restricted cash	0	1
Net cash (used in) investing activities	-139	-39
Cash Flows From Financing Activities	'	'
Proceeds from notes payable	32,000	15,011
Payments on borrowings	-44,635	-9,963
Net cash (used in) financing activities	-12,635	5,048
Net increase (decrease) in cash and cash equivalents	2,987	6,106
Cash And Equivalents-Beginning	12,437	6,285
Cash And Equivalents-Ending	15,424	12,391
Supplemental Cash Flow Information [Abstract]	'	'
Cash paid for interest	$969	$1,701

Nature_Of_Business

Nature Of Business	3 Months Ended
Nature Of Business	Dec. 31, 2013
Nature Of Business [Abstract]	'
Nature Of Business	'
	Nature of Business
	Southwest Iowa Renewable Energy, LLC (the “Company”), located in Council Bluffs, Iowa, was formed in March, 2005 and began producing ethanol in February, 2009. The Company sold 31.51 million gallons and 24.58 million gallons of ethanol in the three months ended December 31, 2013 and December 31, 2012, respectively. The Company sells its ethanol, modified wet distillers grains with solubles, corn syrup, and corn oil in the continental United States. The Company sells its dried distillers grains with solubles in the continental United States, Mexico, and the Pacific Rim.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Summary Of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	Basis of Presentation and Other Information
	The accompanying financial statements as of and for the three month periods ended December 31, 2013 and 2012 are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the interim periods. These unaudited financial statements and notes should be read in conjunction with the audited financial statements and notes thereto, for the fiscal year ended September 30, 2013 contained in the Company’s Annual Report on Form 10-K. The results of operations for the interim periods presented are not necessarily indicative of the results for the entire year.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
	Revenue Recognition
	The Company sells ethanol and related products pursuant to marketing agreements. Revenues are recognized when the marketing company (the “customer”) has taken title to the product, prices are fixed or determinable and collectability is reasonably assured.
	The Company’s products are generally shipped FOB loading point. The Company’s ethanol sales are handled through an ethanol purchase agreement (the “Ethanol Agreement”) with Bunge North America, Inc. (“Bunge”). Syrup, dried distillers grains, and modified wet distillers grains with solubles (co-products) are sold through a distillers grains agreement (the “DG Agreement”) with Bunge, based on market prices. Corn oil is sold through a corn oil agreement (the “Corn Oil Agency Agreement”) with Bunge based on market prices. Marketing fees, agency fees, and commissions due to the marketers are paid separately from the settlement for the sale of the ethanol products and co-products and are included as a component of cost of goods sold. Shipping and handling costs incurred by the Company for the sale of ethanol and co-products are included in cost of goods sold.
	Accounts Receivable
	Trade accounts receivable are recorded at original invoice amounts less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Most of the trade accounts are with Bunge. Management determines the allowance for doubtful accounts by regularly evaluating customer receivables and considering customer’s financial condition, credit history and current economic conditions. As of December 31, 2013 and September 30, 2013, management had determined no allowance was necessary. Receivables are written off when deemed uncollectable and recoveries of receivables written off are recorded when received.
	Investment in Commodities Contracts, Derivative Instruments and Hedging Activities
	The Company’s operations and cash flows are subject to fluctuations due to changes in commodity prices. The Company is subject to market risk with respect to the price and availability of corn, the principal raw material used to produce ethanol and ethanol by-products. Exposure to commodity price risk results from the Company’s dependence on corn in the ethanol production process. In general, rising corn prices can result in lower profit margins and, therefore, represent unfavorable market conditions. This is especially true when market conditions do not allow the Company to pass along increased corn costs to customers. The availability and price of corn is subject to wide fluctuations due to unpredictable factors such as weather conditions, farmer planting decisions, governmental policies with respect to agriculture and international trade and global demand and supply.
	To minimize the risk and the volatility of commodity prices, primarily related to corn and ethanol, the Company uses various derivative instruments, including forward corn, ethanol and distillers grains purchase and sales contracts, over-the-counter and exchange-trade futures and option contracts. From time to time, when market conditions are appropriate and the Company has sufficient working capital available, the Company will enter into derivative contracts to hedge its exposure to price risk related to forecasted corn needs and forward corn purchase contracts. The Company uses cash, futures and options contracts to hedge changes to the commodity prices of corn and ethanol.
	Management has evaluated the Company’s 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. Gains and losses on contracts designated as normal purchases or normal sales contracts are not recognized until quantities are delivered or utilized in production.
	The Company applies the normal purchase and sale exemption to forward contracts relating to ethanol and distillers grains and solubles and therefore these forward contracts are not marked to market. As of December 31, 2013, the Company was committed to sell 5.516 million gallons of ethanol and 114 thousand tons of distillers grains and solubles.
	Forward corn purchase contracts are recognized as derivatives. Changes in fair value of forward corn contracts, which are marked to market each period, are included in costs of goods sold. As of December 31, 2013, the Company was committed to purchasing 3.308 million bushels of corn on a forward contract basis resulting in a total commitment of $14,688,768. These forward contracts had a fair value of $13,567,187 at December 31, 2013. There are 0.560 million bushels in basis commitments, and 0.532 million bushels of unpriced corn, the price of which for both is at market price at time of purchase. In addition the Company was committed to buy 0.092 million bushels of corn on a hedged to arrive basis.
	In addition, the Company enters into short-term cash, options and futures contracts as a means of managing exposure to changes in commodity prices. The Company enters into derivative contracts to hedge the exposure to volatile commodity price fluctuations. The Company maintains a risk management strategy that uses derivative instruments to minimize significant, unanticipated earnings fluctuations caused by market volatility. The Company’s specific goal is to protect itself from large moves in commodity costs. Although the contracts are intended to be effective economic hedges of specified risks, they are not designated as a hedge for accounting purposes and are recorded on the balance sheet at fair market value with changes in fair value recognized in current period earnings.
	As part of its trading activity, the Company uses futures and option contracts offered through regulated commodity exchanges to reduce risk and risk of loss in the market value of inventories. To reduce that risk, the Company generally takes positions using cash and futures contracts and options. The gains or losses on derivative instruments are included in revenue if the contracts relate to ethanol, and cost of goods sold if the contracts relate to corn. During the three months ended December 31, 2013 and December 31, 2012, the Company recorded combined realized and unrealized losses of ($2,211,000) and ($1,293,000), respectively, as a component of cost of goods sold. The Company reports all contracts with the same counter-party on a net basis on the balance sheet due to a master netting agreement.
	Derivatives not designated as hedging instruments along with cash held by brokers at December 31, 2013 and September 30, 2013 at fair value are as follows:


		Balance Sheet Classification		December 31, 2013				September 30, 2013
	Futures and option contracts
	In gain position			$	509,025			$	355,575

	In loss position			(118,150		)		(517,525		)
	Cash held by broker			171,279				929,359

		Current asset		562,154				767,409


	Forward contracts, corn, related party	Current Liability		$	1,121,581			$	493,175


	Net futures, options, and forward contracts			$	(559,427	)		$	274,234


	The net realized and unrealized gains and losses on the Company’s derivative contracts for the three months ended December 31, 2013 and 2012 consist of the following:


		Statement of Operations Classification		December 31, 2013				December 31, 2012
	Net realized and unrealized (gains) losses related to:
	Purchase contracts (corn):
	Forward contracts	Cost of Goods Sold		$	1,856,105			$	2,599,745

	Futures and option contracts	Cost of Goods Sold		$	355,255			(1,306,479		)


	Inventory
	Inventory is stated at the lower of cost or market value using the average cost method. Market value is based on current replacement values, to the extent that it does not exceed net realizable values and it is not less than the net realizable values reduced by an allowance for normal profit margin.
	Fair value of financial instruments
	The carrying amounts of cash and cash equivalents, derivative financial instruments, accounts receivable, accounts payable, accrued expenses and debt approximate fair value due to the short term nature of these instruments.
	Income (loss) Per Unit
	Basic income (loss) per unit is calculated by dividing net income (loss) by the weighted average units outstanding for each period. Diluted income (loss) per unit is calculated by dividing income (loss) adjusted for interest on the convertible debt (when anti-dilutive) by the sum of the weighted average units outstanding and the weighted average dilutive units, using the treasury stock method.Units from convertible term notes are considered unit equivalents and are considered in the diluted income per unit computation, but have not been included in the computations of diluted income (loss) per unit for the three months ended December 31, 2012 because their effect would be anti-dilutive during those periods. Basic earnings and diluted per unit data were computed as follows (in thousands except per unit data):


		Three Months Ended
		31-Dec-13				31-Dec-12
	Numerator:
	Net income (loss) for basic earnings per unit	$	10,860			$	(8,683	)

	Interest expense on convertible term note	733				—

Net income (loss) for diluted earnings per unit	$	11,593			$	(8,683	)


Denominator:
Weighted average units outstanding - basic	13,144				13,139

Weighted average units outstanding - diluted	25,516				13,139

Income (loss) per unit - basic	$	826.23			$	(660.82	)

Income (loss) per unit - diluted	$	454.34			$	(660.82	)

Inventory

Inventory	3 Months Ended
	Dec. 31, 2013
Inventory Disclosure [Abstract]	'
Inventory	'
	Inventory
	Inventory is comprised of the following at:


		December 31, 2013		September 30, 2013
		(000's)		(000's)
	Raw Materials - corn	$	1,269	$	2,607

	Supplies and Chemicals	2,883		2,780

	Work in Process	1,829		2,090

	Finished Goods	3,719		968

	Total	$	9,700	$	8,445

Members_Equity

Members' Equity	3 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Members' Equity	'
	Members’ Equity
	At December 31, 2013 outstanding member units were:


	A Units	8,810

	B Units	3,334

	C Units	1,000

	U Units	—



	The Series A, B and C unit holders all vote on certain matters with equal rights. The Series C unit holders as a group have the right to elect one member of the Board of Directors (the “Board”). The Series B unit holders as a group have the right to elect two Board members. Series A unit holders as a group have the right to elect the remaining number of Directors not elected by the Series C and B unit holders.

Revolving_LoanCredit_Agreement

Revolving Loan/Credit Agreements	3 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Revolving Loan/Credit Agreements	'
	Revolving Loan/Credit Agreements
	AgStar
	The Company originally entered into a Credit Agreement, as amended (the “Credit Agreement”) with AgStar Financial Services, PCA (“AgStar”) and a group of lenders (together with AgStar, the “Lenders”) for $126,000,000 senior secured debt, consisting of a $101,000,000 term loan, a term revolver of up to $10,000,000 and a revolving working capital term facility of up to $15,000,000. On October 31, 2013, the Company entered into another amendment to the Credit Agreement (the “October Amendment”) to extend the maturity date of the working capital facility to August 1, 2014, the same date as the term loan and term revolving loans mature, and waived any default that had or could have occurred under certain financial covenants under the Credit Agreement as of September 30, 2013. The October Amendment includes$11,428,600 available under such revolving facility.
	The Credit Agreement requires compliance with certain financial and non-financial covenants. Borrowings under the Credit Agreement are collateralized by substantially all of the Company’s assets. The term credit facility requires monthly principal payments. The loan is amortized over 114 months and matures on August 1, 2014. Any borrowings are subject to borrowing base restrictions as well as certain prepayment penalties. The $10,000,000 term revolver is interest only until maturity on August 1, 2014.
	Under the terms of the Credit Agreement, as amended in the October Amendment, the Company could draw a maximum $11,428,600 on the revolving working capital term facility. As part of the revolving line of credit, the Company may request letters of credit to be issued up to a maximum of $5,000,000 in the aggregate (the "Revolving LOC"). There were no outstanding letters of credit as of December 31, 2013 .There was no outstanding balance on this loan as of December 31, 2013 and September 30, 2013.

	As of December 31, 2013 and September 30, 2013, the outstanding balance under the Credit Agreement was $61,217,390 and $68,837,174, respectively. In addition to all the other payments due under the Credit Agreement, the Company must pay an annual amount equal to 65% of the Company’s Excess Cash Flow (as defined in the Credit Agreement), up to a total of $6,000,000 per year, and $24,000,000 over the term of the Credit Agreement.

	The Credit Agreement matures on August 1, 2014, at which time any principal amounts outstanding are due and, in accordance with GAAP, all outstanding amounts under the Credit Agreement are classified as current maturity in the financial statements. The Company is currently in negotiations with various lenders, including its current Lenders, to refinance all of its existing indebtedness or obtain new credit facilities. The Company currently anticipates closing on any refinancing or new facilities prior to the maturation of the Credit Agreement.
	Bunge
	On August 26, 2009, Bunge N.A. Holdings, Inc. (“Holdings”), an affiliate of Bunge, entered into subordinated convertible term note to the Company in the amount of $27,106,079, which was assigned by Holdings to Bunge effective September 28, 2012 (the “Bunge Note”). The Bunge Note is due on August 31, 2014 and repayment is subordinated to the Credit Agreement. The Bunge Note is convertible into Series U Units at the price of $3,000 per Unit. As of December 31, 2013 and September 30, 2013, there was $36,765,265 and $36,765,265, respectively outstanding under the Bunge Note and $1,233,925 and $491,957 of accrued interest (included in accrued expenses, related parties) due to Bunge, respectively. Interest on the note accrues monthly and is added to the note principal on February 1st and August 1st each year.
	The Company entered into a revolving note with Holdings dated August 26, 2009, providing for a maximum of $10,000,000 in revolving credit (the “Bunge Revolving Note”) which was assigned to Bunge effective September 28, 2012. Bunge has a commitment, subject to certain conditions, to advance up to $3,750,000 at the Company’s request under the Bunge Revolving Note; amounts in excess of $3,750,000 may be advanced by Bunge in its discretion. Interest accrues at the rate of 7.5% over six-month LIBOR. While repayment of the Bunge Revolving Note is subordinated to the Credit Agreement, the Company may make payments on the Bunge Revolving Note so long as it is in compliance with its borrowing base covenant and there is not a payment default under the Credit Agreement. The balance under the Bunge Revolving Note, as of December 31, 2013 and September 30, 2013, was $0 and $5,000,000, respectively.
	The Bunge Note and Bunge Revolving Note mature on August 31, 2014, at which time any principal amounts outstanding are due and, in accordance with GAAP, all outstanding amounts under the Bunge Note and Bunge Revolving Note are classified as current maturity in the financial statements. The Company is currently in discussions with various lenders, including Bunge, to refinance all of its existing indebtedness or obtain new credit facilities. The Company anticipates closing on any refinancing or new facilities prior to the maturation of the Bunge Note and Bunge Revolving Note.
	ICM
	On June 17, 2010, ICM, Inc. (“ICM”) entered into a subordinated convertible term note to the Company (the “ICM Term Note”) in the amount of $9,970,000, which is convertible at the option of ICM into Series C Units at a conversion price of $3,000 per unit. As of December 31, 2013 and September 30, 2013, there was $12,671,481 outstanding under the ICM Term Note, and $425,283 and $169,557 of accrued interest due (included in accrued expense, related party) to ICM, respectively. Interest on the note accrues monthly and is added to the note principal on February 1st and August 1st each year.
	The ICM Term Note matures on August 31, 2014, at which time any principal amounts outstanding are due and, in accordance with GAAP, all outstanding amounts under the ICM Term Note are classified as current maturity in the financial statements. The Company is currently in discussions with various lenders, including ICM, to refinance all of its existing indebtedness or obtain new credit facilities. The Company anticipates closing on any refinancing or new facilities prior to the maturation of the ICM Term Note.

	Notes payable consists of the following:


		December 31, 2013		September 30, 2013

	$300,000 Note payable to IDED, a non-interest bearing obligation with monthly payments of $2,500 due through the maturity date of March 26, 2016 on the non-forgivable portion.	$	212,500	$	220,000

	Convertible Notes payable to unit holders, bearing interest at LIBOR plus 7.50 to 10.5% (7.897% at December 31, 2013); maturity on August 31, 2014.	551,941		551,941

	Note payable to affiliate Bunge bearing interest at LIBOR plus 7.50 to 10.5% (7.897% at December 31, 2013); maturity on August 31, 2014.	36,765,265		36,765,265

	Note payable to affiliate ICM, bearing interest at LIBOR plus 7.50 to 10.5% (7.897% at December 31, 2013); maturity on August 31, 2014.	12,671,481		12,671,481

	Term facility payable to AgStar bearing interest at LIBOR plus 4.45% with a 6.00% floor (6.00% at December 31, 2013); maturity on August 1, 2014.	26,808,396		28,231,518

	Term facility payable to AgStar bearing interest at a fixed 6%; maturity on August 1, 2014.	29,408,994		30,605,657

	Term revolver payable to AgStar bearing interest at LIBOR plus 4.45% with a 6.00% floor (6.00% at December 31, 2013); maturity on August 1, 2014.	5,000,000		10,000,000

	Capital leases payable to AgStar bearing interest at 3.088% matures May 15, 2014.	45,195		53,064

	Revolving line of credit payable to Bunge, bearing interest at LIBOR plus 7.50 to 10.5% with a floor of 3.00% (7.683% at December 31, 2013).	—		5,000,000

	$11.429 million revolving line of credit payable to AgStar bearing interest at LIBOR plus 4.45% with a 6.00% floor (6.00% at December 31, 2013); maturity on August 1, 2014.	—		—

		111,463,772		124,098,926

	Less Current Maturities	111,259,786		123,887,338

	Total Long Term Debt	$	203,986	$	211,588



	The approximate aggregate maturities of notes payable as of December 31, are as follows:


	2014	$	111,259,786


	2015	51,486


	2016	152,500


	Total	$	111,463,772

Fair_Value_Measurement

Fair Value Measurement

3 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company used various methods including market, income and cost approaches. Based on these approaches, the Company often utilized certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observable inputs used in the valuation techniques, the Company is required to provide the following information according to the fair value hierarchy.

The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:

Level 1 -

Valuations for assets and liabilities traded in active markets from readily available pricing sources for market transactions involving identical assets or liabilities.

Level 2 -

Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities.

Level 3 -

Valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities.

A description of the valuation methodologies used for instruments measured at fair value, including the general classifications of such instruments pursuant to the valuation hierarchy, is set below.

Derivative financial instruments. Commodity futures and exchange traded options 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 Chicago Mercantile Exchange (“CME”) market. Ethanol contracts are reported at fair value utilizing Level 2 inputs from third-party pricing services. Forward purchase contracts are reported at fair value utilizing Level 2 inputs. For these contracts, the Company obtains fair value measurements from local grain terminal values. The fair value measurements consider observable data that may include live trading bids from local elevators and processing plants which are based on the CME market.

The following table summarizes financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and September 30, 2013, categorized by the level of the valuation inputs within the fair value hierarchy:

December 31, 2013

Level 1

Level 2

Level 3

Assets:

Derivative financial instruments

509,025

—

Liabilities:

Derivative financial instruments

118,150

1,121,581

—

September 30, 2013

Level 1

Level 2

Level 3

Assets:

Derivative financial instruments

355,575

—

Liabilities:

Derivative financial instruments

517,525

493,175

—

Related_Party_Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Dec. 31, 2013
Related Party Transaction, Due from (to) Related Party [Abstract]	'
Related Party Transactions	'
	Related Party Transactions
	Bunge
	On November 1, 2006, in consideration of its agreement to invest $20,004,000 in the Company, Bunge purchased the only Series B Units under an arrangement whereby the Company would (i) enter into various agreements with Bunge or its affiliates (discussed below) for management, marketing and other services, and (ii) have the right to elect a number of Series B Directors which are proportionate to the number of Series B Units owned by Bunge, as compared to all Units. Under the Company’s Third Amended and Restated Operating Agreement (the “Operating Agreement”), the Company may not, without Bunge’s approval (i) issue additional Series B Units, (ii) create any additional Series of Units with rights which are superior to the Series B Units, (iii) modify the Operating Agreement to adversely impact the rights of Series B Unit holders, (iv) change its status from one which is managed by managers, or vise versa, (v) repurchase or redeem any Series B Units, (vi) take any action which would cause a bankruptcy, or (vii) approve a transfer of Units allowing the transferee to hold more than 17% of the Company’s Units or to a transferee which is a direct competitor of Bunge.
	Under the Ethanol Agreement, the Company sells Bunge all of the ethanol produced at its facility, and Bunge purchases the same. The Company pays Bunge a per-gallon fee for ethanol sold by Bunge, subject to a minimum annual fee of $750,000 and adjusted according to specified indexes after three years. The Ethanol Agreement runs through August 31, 2014 and will automatically renew for successive three-year terms thereafter unless one party provides the other with notice of their election to terminate 180 days prior to the end of the term. The Company has incurred expenses of $332,138 and $302,318 during the three months ended December 31, 2013 and 2012, respectively, respectively, under the Ethanol Agreement. Under a Risk Management Services Agreement effective January 1, 2009, Bunge agreed to provide the Company with assistance in managing its commodity price risks for a quarterly fee of $75,000. The Risk Management Services Agreement has an initial term of three years and automatically renews for successive three year terms, unless one party provides the other notice of their election to terminate 180 days prior to the end of the term. Expenses under the Risk Management Services Agreement for the three months ended December 31, 2013 and 2012 were $75,000.
	On June 26, 2009, the Company executed a Railcar Agreement with Bunge for the lease of 325 ethanol cars and 350 hopper cars which are used for the delivery and marketing of ethanol and distillers grains. Under the Railcar Agreement, the Company leases railcars for terms lasting 120 months and continuing on a month to month basis thereafter. The Railcar Agreement will terminate upon the expiration of all railcar leases. Expenses under this agreement for the three months ended December 31, 2013 and 2012 were $1,347,389 and $1,113,298 net of subleases and accretion, respectively. The Company has a sublease agreement for 100 hopper cars that are leased back to Bunge that expires on September 14, 2013. As the sublease rate is less than the original lease rate, a loss was recorded at inception of the sublease and is being accreted to rent expense over the life of the sublease. Upon expiration of the sublease, the Company will continue to work with Bunge to determine the most economic use of the available ethanol and hopper cars in light of the current market conditions. In December 2013 SIRE subleased 55 cars to an unrelated party and recalled 25 cars from Bunge.
	The Company entered into a Distillers Grain Purchase Agreement dated October 13, 2006, as amended (“DG Agreement”) with Bunge, under which Bunge is obligated to purchase from the Company and the Company is obligated to sell to Bunge all distillers grains produced at the facility. If the Company finds another purchaser for distillers grains offering a better price for the same grade, quality, quantity, and delivery period, it can ask Bunge to either market directly to the other purchaser or market to another purchaser on the same terms and pricing. The initial 10-year term of the DG Agreement began February 1, 2009. The DG Agreement automatically renews for additional 3-year terms unless one party provides the other party with notice of election to not renew 180 days or more prior to expiration.
	Under the DG Agreement, Bunge pays the Company a purchase price equal to the sales price minus the marketing fee and transportation costs. The sales price is the price received by Bunge in a contract consistent with the Company's DG Marketing Policy or the spot price agreed to between Bunge and the Company. Bunge receives a marketing fee consisting of a percentage of the net sales price, subject to a minimum yearly payment of $150,000. Net sales price is the sales price less the transportation costs and rail lease charges. The transportation costs are all freight charges, fuel surcharges, and other accessorial charges applicable to delivery of distillers grains. Rail lease charges are the monthly lease payment for rail cars along with all administrative and tax filing fees for such leased rail cars. Expenses under this agreement for the three months ended December 31, 2013 and 2012 were $511,112 and $517,669, respectively.
	On August 26, 2009, in connection with the original issuance of the Bunge Note to the Company also executed a Bunge Agreement—Equity Matters (the “Equity Agreement”), which was subsequently amended on June 17, 2010 and then assigned by Holdings to Bunge effective September 28, 2012. The Bunge Equity Agreement provides that (i) Bunge has preemptive rights to purchase new securities in the Company, and (ii) the Company is required to redeem any Series U Units held by Bunge with 76% of the proceeds received by the Company from the issuance of equity or debt securities.
	The Company is a party to a Grain Feedstock Supply Agreement (the “Supply Agreement”) with Bunge on July 15, 2008. Under the Supply Agreement, Bunge provides the Company with all of the corn it needs to operate the ethanol plant, and the Company has agreed to only purchase corn from Bunge. Bunge provides grain originators for purposes of fulfilling its obligations under the Supply Agreement. The Company pays Bunge a per-bushel fee for corn under the Supply Agreement, subject to a minimum annual fee of $675,000 and adjustments according to specified indexes after three years. The term of the Supply Agreement is 10 years, subject to earlier termination upon specified events. Expenses under this agreement for the three months ended December 31, 2013 and 2012 were $350,412 and $256,453, respectively.
	On November 12, 2010, the Company entered into a Corn Oil Agency Agreement with Bunge to market its corn oil (the “Corn Oil Agency Agreement”). The Corn Oil Agency Agreement has an initial term of three years and will automatically renew for successive three-year terms unless one party provides the other notice of their election to terminate 180 days prior to the end of the term. Expenses under this agreement for the three months ended December 31, 2013 and 2012 were $57,674 and $44,072, respectively.
	The Company and Bunge have also entered into certain term and revolving credit facilities. *See Note 5* *Revolving Loan/Credit Agreements* for the terms of these financing arrangements.
	ICM
	On November 1, 2006, in consideration of its agreement to invest $6,000,000 in the Company, ICM became the sole Series C Member. As part of ICM’s agreement to invest in Series C Units, the Operating Agreement provides that the Company will not, without ICM’s approval (i) issue additional Series C Units, (ii) create any additional Series of Units with rights senior to the Series C Units, (iii) modify the Operating Agreement to adversely impact the rights of Series C Unit holders, or (iv) repurchase or redeem any Series C Units. Additionally, ICM, as the sole Series C Unit owner, is afforded the right to elect one Series C Director to the Board so long as ICM remains a Series C Member.
	To induce ICM to agree to the ICM Term Note, the Company entered into an equity agreement with ICM (the “ICM Equity Agreement”) on June 17, 2010, whereby ICM (i) retains preemptive rights to purchase new securities in the Company, and (ii) receives 24% of the proceeds received by the Company from the issuance of equity or debt securities.
	The Company and ICM have also entered into convertible term note. *See Note 5* *Revolving Loan/Credit Agreements* for the terms of this financing arrangement.

Major_Customers

Major Customers	3 Months Ended
Major Customers	Dec. 31, 2013
Major Customers [Abstract]	'
Major Customers	'
	Major Customer
	The Company is party to the Ethanol, Supply, and Corn Oil Agency Agreements with Bunge for the exclusive marketing, selling, and distributing of all the ethanol, distillers grains, syrup, and corn oil produced by the Company. Revenues with this customer were $77,491,195 and $72,210,388 for the three months ended December 31, 2013 and 2012, respectively.

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis Of Presentation And Other Information	'
	Basis of Presentation and Other Information
	The accompanying financial statements as of and for the three month periods ended December 31, 2013 and 2012 are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the interim periods. These unaudited financial statements and notes should be read in conjunction with the audited financial statements and notes thereto, for the fiscal year ended September 30, 2013 contained in the Company’s Annual Report on Form 10-K. The results of operations for the interim periods presented are not necessarily indicative of the results for the entire year.
Use Of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Revenue Recognition	'
	Revenue Recognition
	The Company sells ethanol and related products pursuant to marketing agreements. Revenues are recognized when the marketing company (the “customer”) has taken title to the product, prices are fixed or determinable and collectability is reasonably assured.
	The Company’s products are generally shipped FOB loading point. The Company’s ethanol sales are handled through an ethanol purchase agreement (the “Ethanol Agreement”) with Bunge North America, Inc. (“Bunge”). Syrup, dried distillers grains, and modified wet distillers grains with solubles (co-products) are sold through a distillers grains agreement (the “DG Agreement”) with Bunge, based on market prices. Corn oil is sold through a corn oil agreement (the “Corn Oil Agency Agreement”) with Bunge based on market prices. Marketing fees, agency fees, and commissions due to the marketers are paid separately from the settlement for the sale of the ethanol products and co-products and are included as a component of cost of goods sold. Shipping and handling costs incurred by the Company for the sale of ethanol and co-products are included in cost of goods sold.
Accounts Receivable	'
	Accounts Receivable
	Trade accounts receivable are recorded at original invoice amounts less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Most of the trade accounts are with Bunge. Management determines the allowance for doubtful accounts by regularly evaluating customer receivables and considering customer’s financial condition, credit history and current economic conditions. As of December 31, 2013 and September 30, 2013, management had determined no allowance was necessary. Receivables are written off when deemed uncollectable and recoveries of receivables written off are recorded when received.
Investment In Commodities Contracts, Derivative Instruments And Hedging Activities	'
	Investment in Commodities Contracts, Derivative Instruments and Hedging Activities
	The Company’s operations and cash flows are subject to fluctuations due to changes in commodity prices. The Company is subject to market risk with respect to the price and availability of corn, the principal raw material used to produce ethanol and ethanol by-products. Exposure to commodity price risk results from the Company’s dependence on corn in the ethanol production process. In general, rising corn prices can result in lower profit margins and, therefore, represent unfavorable market conditions. This is especially true when market conditions do not allow the Company to pass along increased corn costs to customers. The availability and price of corn is subject to wide fluctuations due to unpredictable factors such as weather conditions, farmer planting decisions, governmental policies with respect to agriculture and international trade and global demand and supply.
	To minimize the risk and the volatility of commodity prices, primarily related to corn and ethanol, the Company uses various derivative instruments, including forward corn, ethanol and distillers grains purchase and sales contracts, over-the-counter and exchange-trade futures and option contracts. From time to time, when market conditions are appropriate and the Company has sufficient working capital available, the Company will enter into derivative contracts to hedge its exposure to price risk related to forecasted corn needs and forward corn purchase contracts. The Company uses cash, futures and options contracts to hedge changes to the commodity prices of corn and ethanol.
	Management has evaluated the Company’s 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. Gains and losses on contracts designated as normal purchases or normal sales contracts are not recognized until quantities are delivered or utilized in production.
	The Company applies the normal purchase and sale exemption to forward contracts relating to ethanol and distillers grains and solubles and therefore these forward contracts are not marked to market. As of December 31, 2013, the Company was committed to sell 5.516 million gallons of ethanol and 114 thousand tons of distillers grains and solubles.
	Forward corn purchase contracts are recognized as derivatives. Changes in fair value of forward corn contracts, which are marked to market each period, are included in costs of goods sold. As of December 31, 2013, the Company was committed to purchasing 3.308 million bushels of corn on a forward contract basis resulting in a total commitment of $14,688,768. These forward contracts had a fair value of $13,567,187 at December 31, 2013. There are 0.560 million bushels in basis commitments, and 0.532 million bushels of unpriced corn, the price of which for both is at market price at time of purchase. In addition the Company was committed to buy 0.092 million bushels of corn on a hedged to arrive basis.
	In addition, the Company enters into short-term cash, options and futures contracts as a means of managing exposure to changes in commodity prices. The Company enters into derivative contracts to hedge the exposure to volatile commodity price fluctuations. The Company maintains a risk management strategy that uses derivative instruments to minimize significant, unanticipated earnings fluctuations caused by market volatility. The Company’s specific goal is to protect itself from large moves in commodity costs. Although the contracts are intended to be effective economic hedges of specified risks, they are not designated as a hedge for accounting purposes and are recorded on the balance sheet at fair market value with changes in fair value recognized in current period earnings.
	As part of its trading activity, the Company uses futures and option contracts offered through regulated commodity exchanges to reduce risk and risk of loss in the market value of inventories. To reduce that risk, the Company generally takes positions using cash and futures contracts and options. The gains or losses on derivative instruments are included in revenue if the contracts relate to ethanol, and cost of goods sold if the contracts relate to corn. During the three months ended December 31, 2013 and December 31, 2012, the Company recorded combined realized and unrealized losses of ($2,211,000) and ($1,293,000), respectively, as a component of cost of goods sold. The Company reports all contracts with the same counter-party on a net basis on the balance sheet due to a master netting agreement.
	Derivatives not designated as hedging instruments along with cash held by brokers at December 31, 2013 and September 30, 2013 at fair value are as follows:


		Balance Sheet Classification		December 31, 2013				September 30, 2013
	Futures and option contracts
	In gain position			$	509,025			$	355,575

	In loss position			(118,150		)		(517,525		)
	Cash held by broker			171,279				929,359

		Current asset		562,154				767,409


	Forward contracts, corn, related party	Current Liability		$	1,121,581			$	493,175


	Net futures, options, and forward contracts			$	(559,427	)		$	274,234


	The net realized and unrealized gains and losses on the Company’s derivative contracts for the three months ended December 31, 2013 and 2012 consist of the following:


		Statement of Operations Classification		December 31, 2013				December 31, 2012
	Net realized and unrealized (gains) losses related to:
	Purchase contracts (corn):
	Forward contracts	Cost of Goods Sold		$	1,856,105			$	2,599,745

	Futures and option contracts	Cost of Goods Sold		$	355,255			(1,306,479		)

Inventory	'
	Inventory
	Inventory is stated at the lower of cost or market value using the average cost method. Market value is based on current replacement values, to the extent that it does not exceed net realizable values and it is not less than the net realizable values reduced by an allowance for normal profit margin.
Net (Loss) Per Unit	'
	Income (loss) Per Unit
	Basic income (loss) per unit is calculated by dividing net income (loss) by the weighted average units outstanding for each period. Diluted income (loss) per unit is calculated by dividing income (loss) adjusted for interest on the convertible debt (when anti-dilutive) by the sum of the weighted average units outstanding and the weighted average dilutive units, using the treasury stock method.Units from convertible term notes are considered unit equivalents and are considered in the diluted income per unit computation, but have not been included in the computations of diluted income (loss) per unit for the three months ended December 31, 2012 because their effect would be anti-dilutive during those periods. Basic earnings and diluted per unit data were computed as follows (in thousands except per unit data):


		Three Months Ended
		31-Dec-13				31-Dec-12
	Numerator:
	Net income (loss) for basic earnings per unit	$	10,860			$	(8,683	)

	Interest expense on convertible term note	733				—

	Net income (loss) for diluted earnings per unit	$	11,593			$	(8,683	)


	Denominator:
	Weighted average units outstanding - basic	13,144				13,139

	Weighted average units outstanding - diluted	25,516				13,139

	Income (loss) per unit - basic	$	826.23			$	(660.82	)

	Income (loss) per unit - diluted	$	454.34			$	(660.82	)

Fair Value Of Financial Instruments	'
	Fair value of financial instruments
	The carrying amounts of cash and cash equivalents, derivative financial instruments, accounts receivable, accounts payable, accrued expenses and debt approximate fair value due to the short term nature of these instruments.

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]	'


		Three Months Ended
		31-Dec-13				31-Dec-12
	Numerator:
	Net income (loss) for basic earnings per unit	$	10,860			$	(8,683	)

	Interest expense on convertible term note	733				—

	Net income (loss) for diluted earnings per unit	$	11,593			$	(8,683	)


	Denominator:
	Weighted average units outstanding - basic	13,144				13,139

	Weighted average units outstanding - diluted	25,516				13,139

	Income (loss) per unit - basic	$	826.23			$	(660.82	)

	Income (loss) per unit - diluted	$	454.34			$	(660.82	)

Schedule Of Derivatives Not Designated As Hedging Instruments	'
	Derivatives not designated as hedging instruments along with cash held by brokers at December 31, 2013 and September 30, 2013 at fair value are as follows:


		Balance Sheet Classification		December 31, 2013				September 30, 2013
	Futures and option contracts
	In gain position			$	509,025			$	355,575

	In loss position			(118,150		)		(517,525		)
	Cash held by broker			171,279				929,359

		Current asset		562,154				767,409


	Forward contracts, corn, related party	Current Liability		$	1,121,581			$	493,175


	Net futures, options, and forward contracts			$	(559,427	)		$	274,234

Schedule of Derivative Instruments [Table Text Block]	'
	The net realized and unrealized gains and losses on the Company’s derivative contracts for the three months ended December 31, 2013 and 2012 consist of the following:


		Statement of Operations Classification		December 31, 2013				December 31, 2012
	Net realized and unrealized (gains) losses related to:
	Purchase contracts (corn):
	Forward contracts	Cost of Goods Sold		$	1,856,105			$	2,599,745

	Futures and option contracts	Cost of Goods Sold		$	355,255			(1,306,479		)

Inventory_Tables

Inventory (Tables)	3 Months Ended
	Dec. 31, 2013
Inventory Disclosure [Abstract]	'
Components Of Inventory	'
	Inventory is comprised of the following at:


		December 31, 2013		September 30, 2013
		(000's)		(000's)
	Raw Materials - corn	$	1,269	$	2,607

	Supplies and Chemicals	2,883		2,780

	Work in Process	1,829		2,090

	Finished Goods	3,719		968

	Total	$	9,700	$	8,445

Members_Equity_Capital_Units_b

Members' Equity Capital Units by Class (Tables)	3 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Schedule of Stockholders Equity [Table Text Block]	'
	At December 31, 2013 outstanding member units were:


	A Units	8,810

	B Units	3,334

	C Units	1,000

	U Units	—

Notes_Payable_Tables

Notes Payable (Tables)	3 Months Ended
	Dec. 31, 2013
Notes Payable [Abstract]	'
Components Of Notes Payable	'
	Notes payable consists of the following:


		December 31, 2013		September 30, 2013

	$300,000 Note payable to IDED, a non-interest bearing obligation with monthly payments of $2,500 due through the maturity date of March 26, 2016 on the non-forgivable portion.	$	212,500	$	220,000

	Convertible Notes payable to unit holders, bearing interest at LIBOR plus 7.50 to 10.5% (7.897% at December 31, 2013); maturity on August 31, 2014.	551,941		551,941

	Note payable to affiliate Bunge bearing interest at LIBOR plus 7.50 to 10.5% (7.897% at December 31, 2013); maturity on August 31, 2014.	36,765,265		36,765,265

	Note payable to affiliate ICM, bearing interest at LIBOR plus 7.50 to 10.5% (7.897% at December 31, 2013); maturity on August 31, 2014.	12,671,481		12,671,481

	Term facility payable to AgStar bearing interest at LIBOR plus 4.45% with a 6.00% floor (6.00% at December 31, 2013); maturity on August 1, 2014.	26,808,396		28,231,518

	Term facility payable to AgStar bearing interest at a fixed 6%; maturity on August 1, 2014.	29,408,994		30,605,657

	Term revolver payable to AgStar bearing interest at LIBOR plus 4.45% with a 6.00% floor (6.00% at December 31, 2013); maturity on August 1, 2014.	5,000,000		10,000,000

	Capital leases payable to AgStar bearing interest at 3.088% matures May 15, 2014.	45,195		53,064

	Revolving line of credit payable to Bunge, bearing interest at LIBOR plus 7.50 to 10.5% with a floor of 3.00% (7.683% at December 31, 2013).	—		5,000,000

	$11.429 million revolving line of credit payable to AgStar bearing interest at LIBOR plus 4.45% with a 6.00% floor (6.00% at December 31, 2013); maturity on August 1, 2014.	—		—

		111,463,772		124,098,926

	Less Current Maturities	111,259,786		123,887,338

	Total Long Term Debt	$	203,986	$	211,588


Aggregate Maturities Of Notes Payable	'
	The approximate aggregate maturities of notes payable as of December 31, are as follows:


	2014	$	111,259,786


	2015	51,486


	2016	152,500


	Total	$	111,463,772

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)	3 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis	'
	The following table summarizes financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and September 30, 2013, categorized by the level of the valuation inputs within the fair value hierarchy:


		December 31, 2013
		Level 1		Level 2		Level 3
	Assets:
	Derivative financial instruments	$	509,025	$	—	$	—


	Liabilities:
	Derivative financial instruments	118,150		1,121,581		—



		September 30, 2013
		Level 1		Level 2		Level 3
	Assets:
	Derivative financial instruments	$	355,575	$	—	$	—


	Liabilities:
	Derivative financial instruments	517,525		493,175		—

Nature_Of_Business_Details

Nature Of Business (Details)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	gal	gal
Nature Of Business [Abstract]	'	'
Production, Number Of Gallons	31,510,000	24,580,000

Summary_Of_Significant_Account3

Summary Of Significant Accounting Policies (Narrative) (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	T	gal
	gal
	bu
Accounting Policies [Abstract]	'	'
Forward Contracts, Corn, Hedged Basis	92,000	'
Production, Number Of Gallons	31,510,000	24,580,000
Sale of ethanol (in gallons)	5,516,000	'
Net Income (Loss) Attributable to Parent	$10,860,000	($8,683,000)
Debt Instrument, Convertible, Interest Expense	733,000	0
Net Income (Loss) Available to Common Stockholders, Diluted	11,593,000	-8,683,000
Weighted Average Number of Shares Outstanding, Basic	13,144	13,139
Weighted Average Number of Shares Outstanding, Diluted	25,516	13,139
Earnings Per Share, Basic	$826.23	($660.82)
Earnings Per Share, Diluted	$454.34	($660.82)
Sale of distillers, grains, and solubles (in tons)	114,000	'
Total purchase commitment of corn (in bushels)	3,308,000	'
Total purchase commitment	14,688,768	'
Fair value of forward contracts	13,567,187	'
forward contracts	532,000	'
Realized & unrealized hedging (gains)	2,211,000	1,293,000
forward contract, basis	560,000	'
Net realized and unrealized (gains) losses	($2,211,000)	($1,293,000)

Summary_Of_Significant_Account4

Summary Of Significant Accounting Policies (Schedule Of Derivatives Not Designated As Hedging Instruments) (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Summary Of Significant Accounting Policies [Line Items]	'	'
Derivative Assets	($562,154)	($767,409)
Derivative Liability, Notional Amount	1,121,581	493,175
Derivative asset, net	-559,427	274,234
In Gain Position [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Derivative Assets	-509,025	-355,575
In Loss Position [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Derivative Assets	-118,150	-517,525
Cash Held By Broker [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Derivative Assets	($171,279)	($929,359)

Summary_Of_Significant_Account5

Summary Of Significant Accounting Policies (Schedule Of Net Realized And Unrealized Gains And Losses On Derivative Contracts) (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Summary Of Significant Accounting Policies [Line Items]	'	'
Net realized and unrealized (gains) losses	($2,211,000)	($1,293,000)
Forward Contracts [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Net realized and unrealized (gains) losses	1,856,105,000	2,599,745,000
Future And Option Contracts [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Net realized and unrealized (gains) losses	$355,255,000	($1,306,479,000)

Summary_Of_Significant_Account6

Summary Of Significant Accounting Policies (Schedule Of Property And Equipment) (Details)	3 Months Ended
	Dec. 31, 2013
Building [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'40 years
Process Equipment - Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'10 years
Process Equipment - Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'20 years
Office Equipment - Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'3 years
Office Equipment - Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'7 years

Inventory_Components_Of_Invent

Inventory (Components Of Inventory) (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013
Inventory Disclosure [Abstract]	'	'
Raw Materials - corn	$1,269	$2,607
Supplies and Chemicals	2,883	2,780
Work in Process	1,829	2,090
Finished Goods	3,719	968
Inventory	$9,700	$8,445

Members_Equity_Narrative_Detai

Members' Equity (Narrative) (Details)	Dec. 31, 2013	Sep. 30, 2013
Members' capital, units outstanding	13,139	13,144
Capital Unit, Class A [Member]	'	'
Members' capital, units outstanding	8,810	'
Capital Unit, Class B [Member]	'	'
Members' capital, units outstanding	3,334	'
Capital Unit Class C [Member]	'	'
Members' capital, units outstanding	1,000	'
Capital Unit Class U [Member]	'	'
Members' capital, units outstanding	0	'

Revolving_LoanCredit_Agreement1

Revolving Loan/Credit Agreements (AgStar and Bunge) (Narrative) (Details) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2013	Jun. 30, 2013	Sep. 30, 2013	Sep. 30, 2012
Debt Instrument [Line Items]	'	'	'	'
Long-term Debt	$111,463,772	'	$124,098,926	'
Convertible Subordinated Debt	27,106,079	'	'	'
Term Revolver [Member]	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Line of Credit Facility, Amount Outstanding	'	0	'	5,000,000
Revolving Working Capital Facility, 1 - AgStar [Member]	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Line of Credit Facility, Amount Outstanding	0	'	'	'
AgStar [Member]	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Secured Debt	126,000,000	'	'	'
Long-term Debt	101,000,000	'	'	'
Term Revolver, Face Amount	10,000,000	'	'	'
Revolving Working Capital facility 1, Face Amount	15,000,000	'	'	'
Revolving Working Capital Facility 2, Amount Outstanding	11,428,600	'	'	'
Letters of Credit, Maximum Amount	5,000,000	'	'	'
Percentage of excess cash flow	65.00%	'	'	'
Excess cash flow paid by the company per year	6,000,000	'	'	'
Excess cash flow paid in total	24,000,000	'	'	'
Line of Credit Facility, Amount Outstanding	61,217,390	'	68,837,174	'
Bunge [Member]	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Long-term Debt	36,765,265	'	'	36,765,265
Term Revolver, Face Amount	10,000,000	'	'	'
Convertible Notes, Series U Unit Option, Price	'	3,000	'	'
Debt Instrument, Increase, Accrued Interest	1,233,925	'	491,957	'
Maximum borrowings	$3,750,000	'	'	'
Fixed interest rate	7.50%	'	'	'

Revolving_LoanCredit_Agreement2

Revolving Loan/Credit Agreements (ICM) (Narrative) (Details) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Debt Instrument [Line Items]	'	'
Long-term Debt	$111,463,772	$124,098,926
ICM Term Note [Member]	'	'
Debt Instrument [Line Items]	'	'
Convertible Notes, Series C Unit Option, Price	3,000	'
Long-term Debt	12,671,481	12,671,481
Conversion price per unit	9,970,000	169,557
Accrued interest	$425,283	'

Notes_Payable_Components_Of_No

Notes Payable (Components Of Notes Payable) (Details) (USD $)

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2012

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Icm Term Note [Member]

Bunge [Member]

AgStar [Member]

$300,000 Note payable to IDED, a non-interest bearing obligation with monthly payments of $2,500 due through the maturity date of March 26, 2016 on the non-forgivable portion.

Convertible Notes payable to unit holders, bearing interest at LIBOR plus 7.50 to 10.5% (7.897% at December 31, 2013); maturity on August 31, 2014.

Note payable to affiliate Bunge bearing interest at LIBOR plus 7.50 to 10.5% (7.897% at December 31, 2013); maturity on August 31, 2014.

Bunge [Member]

Note payable to affiliate ICM, bearing interest at LIBOR plus 7.50 to 10.5% (7.897% at December 31, 2013); maturity on August 31, 2014.

Term facility payable to AgStar bearing interest at LIBOR plus 4.45% with a 6.00% floor (6.00% at December 31, 2013); maturity on August 1, 2014.

Term facility payable to AgStar bearing interest at a fixed 6%; maturity on August 1, 2014.

Term revolver payable to AgStar bearing interest at LIBOR plus 4.45% with a 6.00% floor (6.00% at December 31, 2013); maturity on August 1, 2014.

Capital leases payable to AgStar bearing interest at 3.088% matures May 15, 2014.

Revolving line of credit payable to Bunge, bearing interest at LIBOR plus 7.50 to 10.5% with a floor of 3.00% (7.683% at December 31, 2013).

Revolving Line of Credit - AgStar [Member]

Notes Payable [Line Items]

Line of Credit Facility, Amount Outstanding

$61,217,390

$68,837,174

$212,500

$220,000

$551,941

$36,765,265

$12,671,481

$26,808,396

$28,231,518

$29,408,994

$30,605,657

$5,000,000

$10,000,000

$45,195

$53,064

$5,000,000

Line of Credit Facility, Amount Outstanding

300,000

Debt Instrument, Periodic Payment, Principal

2,500

Reference rate

'LIBOR plus 7.50 to 10.5%

'LIBOR plus 4.45% with a 6.00% floor

'LIBOR plus 7.50 to 10.5% with a floor of 3.00%

'LIBOR plus 4.45% with a floor of 6.00%

Bearing interest rate

7.90%

6.00%

7.90%

6.00%

Fixed interest rate

7.50%

6.00%

3.09%

Stated interest rate, minimum

7.50%

4.45%

7.50%

4.45%

Stated interest rate, maximum

10.50%

6.00%

10.50%

6.00%

Debt Instrument, Interest Rate, Slated Percentage Rate Range, Floor

3.00%

Long-term Debt

111,463,772

124,098,926

12,671,481

36,765,265

101,000,000

Less current maturities

-111,259,786

-123,887,338

Total long term debt

$203,986

$211,588

Notes_Payable_Aggregate_Maturi

Notes Payable (Aggregate Maturities Of Notes Payable) (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Debt Disclosure [Abstract]	'	'
2014	$111,259,786	'
2015	51,486	'
2016	152,500	'
Total	$111,463,772	$124,098,926

Fair_Value_Measurement_Financi

Fair Value Measurement (Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Derivative [Line Items]	'	'
Derivative Assets	$562,154	$767,409
Level 1 [Member]	'	'
Derivative [Line Items]	'	'
Derivative Assets	509,025	355,575
Liabilities: Derivative financial instruments	118,150	517,525
Level 2 [Member]	'	'
Derivative [Line Items]	'	'
Derivative Assets	0	0
Liabilities: Derivative financial instruments	1,121,581	493,175
Level 3 [Member]	'	'
Derivative [Line Items]	'	'
Derivative Assets	0	0
Liabilities: Derivative financial instruments	$0	$0

Related_Party_Transactions_Bun

Related Party Transactions (Bunge) (Narrative) (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Agreement period	'120 months	'
Bunge [Member]	'	'
Related Party Transaction [Line Items]	'	'
Investment from related parties	$20,004,000	'
Related Party Transaction, Expenses from Transactions with Related Party	0	'
Number Of Railcars, Recalled	25	'
Agreement period	'10 years	'
Renewal period	'3 years	'
Agreement Cancellation Notice, Period	'180 days	'
Minimum annual fee (per-gallon fee for ethanol sold)	750,000	'
Ethanol Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Expenses from Transactions with Related Party	332,138	302,318
Risk Management Services Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Investment from related parties	'	150,000
Related Party Transaction, Expenses from Transactions with Related Party	75,000	'
Ethanol Cars [Member]	'	'
Related Party Transaction [Line Items]	'	'
Number of railcars	325	'
Hopper Cars [Member]	'	'
Related Party Transaction [Line Items]	'	'
Number of railcars	350	'
Lease assets	100	'
Unrelated Party [Member]	'	'
Related Party Transaction [Line Items]	'	'
Number of railcars	55	'
Railcar Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Expenses from Transactions with Related Party	1,347,389	1,113,298
DG Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Expenses from Transactions with Related Party	511,112	517,669
Minimum yearly payment (marketing fee consisting of a percentage of net sales price)	150,000	'
Equity Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Proceeds from issuance of equity or debt securities	76.00%	'
Supply Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Expenses from Transactions with Related Party	350,412	256,453
Agreement period	'10 years	'
Minimum annual fee for corn procured	675,000	'
Corn Oil Agency Agreement [Member]	'	'
Related Party Transaction [Line Items]	'	'
Related Party Transaction, Expenses from Transactions with Related Party	$57,674	$44,072
Agreement period	'3 years	'
Renewal period	'3 years	'

Related_Party_Transactions_ICM

Related Party Transactions (ICM) (Narrative) (Details) (ICM Term Note [Member], USD $)	3 Months Ended
	Dec. 31, 2013
ICM Term Note [Member]	'
Related Party Transaction [Line Items]	'
Investment from related parties	$6,000,000

Major_Customers_Details

Major Customers (Details) (Ethanol Agreement [Member], USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Ethanol Agreement [Member]	'	'
Major Customers [Line Items]	'	'
Revenues	$77,491,195	$72,210,388