Southwest Iowa Renewable Energy (SWIOU) 10-K4 Dec 142014 FY Annual reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
Document And Entity Information (USD $)	Sep. 30, 2014
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-K
Document Period End Date	30-Sep-14
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'FY
Amendment Flag	'false
Entity Well-known Seasoned Issuer	'No
Entity Voluntary Filers	'No
Entity Current Reporting Status	'Yes
Entity Public Float	$52,134,000
Common Class A [Member]	'
Entity Common Stock, Shares Outstanding	8,810
Common Class B [Member]	'
Entity Common Stock, Shares Outstanding	3,334
Common Class C [Member]	'
Entity Common Stock, Shares Outstanding	1,000

Balance_Sheets

Balance Sheets (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$9,267	$12,437
Restricted cash	304	303
Accounts receivable	801	722
Accounts receivable, related party	5,192	10,441
Derivative financial instruments	623	767
Inventory	12,161	8,445
Prepaid expenses and other	1,611	438
Total current assets	29,959	33,553
Property, Plant, and Equipment	'	'
Land	2,064	2,064
Plant, building and equipment	208,082	205,356
Office and other equipment	1,068	751
Total Cost	211,214	208,171
Accumulated depreciation	-76,393	-64,987
Net property and equipment	134,821	143,184
Other Assets	'	'
Financing costs, net of amortization of $3,202 and $2,341, respectively	418	431
Other assets	1,588	1,258
Total other assets	2,006	1,689
Total Assets	166,786	178,426
Current Liabilities	'	'
Accounts payable	1,575	1,130
Accounts payable, related parties	1,188	6,457
Derivative financial instruments, related party	2,707	493
Accrued expenses	2,996	3,318
Accrued expenses, related parties	214	932
Long-term Debt, Current Maturities	6,052	123,887
Total current liabilities	14,732	136,217
Long-term Debt, Excluding Current Maturities	50,872	212
Long Term Liabilities	'	'
Other long-term liabilities	300	400
Total long term liabilities	51,172	612
Members' Equity	'	'
Members' capital, 13,139 Units issued and outstanding	87,165	76,488
Accumulated profit (deficit)	13,717	-34,891
Total members' equity	100,882	41,597
Total Liabilities and Members' Equity	$166,786	$178,426

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Statement of Financial Position [Abstract]	'	'
Financing costs, amortization	$16	$3,772
Members' capital, units issued	13,327	13,144
Members' capital, units outstanding	13,327	13,144

Statements_Of_Operations

Statements Of Operations (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share, Basic	$3,681.03	($416.97)
Earnings Per Share, Diluted	$2,080.08	($416.97)
Revenues	$319,548	$350,194
Cost of Goods Sold	'	'
Cost of goods sold-non hedging	240,968	341,860
Realized & unrealized hedging (gains)	8,891	1,203
Cost of Goods Sold	249,859	343,063
Gross Margin	69,689	7,131
General and administrative expenses	4,460	3,966
Operating Income	65,229	3,165
Other Income (Expense)	'	'
Interest Income (Expense), Net	6,493	8,644
Extinguishment of Debt, Gain (Loss), Net of Tax	10,128	0
Other (Income) Expense	-16,621	-8,644
Net (Loss)	$48,608	($5,479)
Weighted Average Number of Shares Outstanding, Basic	13,205	13,140
Weighted Average Number of Shares Outstanding, Diluted	24,625	13,140

Statement_Of_Members_Equity

Statement Of Members' Equity (USD $)	Total	Earnings (Deficit) Accumulated [Member]
In Thousands	Total	Earnings (Deficit) Accumulated [Member]
Balance at Sep. 30, 2012	$76,474	$47,062
Retained Earnings (Accumulated Deficit)	-34,891	-34,891
Net (loss)	-5,479	-5,479
Stock Issued During Period, Value, Conversion of Units	14	'
Debt Conversion, Converted Instrument, Amount	14	14
Balance at Sep. 30, 2013	76,488	41,597
Retained Earnings (Accumulated Deficit)	13,717	13,717
Net (loss)	48,608	48,608
Stock Issued During Period, Value, Conversion of Units	549	'
Debt Conversion, Converted Instrument, Amount	'	549
Extinguishment of Debt, Amount	10,128	10,128
Balance at Sep. 30, 2014	$87,165	$100,882

Condensed_Statements_Of_Cash_F

Condensed Statements Of Cash Flows (USD $)	12 Months Ended
Condensed Statements Of Cash Flows (USD $)	Sep. 30, 2014	Sep. 30, 2013
Net Income (Loss) Available to Common Stockholders, Basic	$48,608,000	($5,479,000)
Stock Issued During Period, Value, Conversion of Units	549,000	14,000
Increase (decrease) in Members' Equity due to Loss on Debt Extinguishment	10,128,000	0
Cash Flows From Operating Activities	'	'
Net (loss)	48,608,000	-5,479,000
Adjustments to reconcile net (loss) to net cash provided by operating activities:	'	'
Depreciation	11,488,000	11,387,000
Amortization	449,000	570,000
Loss on disposal of property	150,000	28,000
Other assets	-329,000	-362,000
Gains (Losses) on Extinguishment of Debt	10,128,000	0
Accrued interest included in long term debt	2,486,000	3,893,000
(Increase) decrease in current assets:	'	'
Accounts receivable	5,171,000	1,193,000
Inventories	-3,716,000	3,982,000
Prepaid expenses and other	-1,173,000	-44,000
Derivative financial instruments, related party	0	4,013,000
Increase decrease in accounts receivable held by brokerage	144,000	209,000
Increase (decrease) in current liabilities:	'	'
Decrease in other long-term liabilities	-100,000	-100,000
Accounts payable	-4,824,000	2,284,000
Derivative financial instruments, related party	2,214,000	493,000
Accrued expenses	-1,041,000	-381,000
Net cash provided by operating activities	69,655,000	21,686,000
Cash Flows From Investing Activities	'	'
Purchase of property and equipment	-3,276,000	-768,000
Increase in restricted cash	-1,000	-1,000
Proceeds from Sale of Property, Plant, and Equipment	0	39,000
Net cash (used in) investing activities	-3,277,000	-730,000
Cash Flows From Financing Activities	'	'
Payments for financing costs	-436,000	0
Proceeds from notes payable	104,800,000	166,400,000
Payments on borrowings	-173,912,000	-181,204,000
Net cash (used in) financing activities	-69,548,000	-14,804,000
Net increase (decrease) in cash and cash equivalents	-3,170,000	6,152,000
Cash And Equivalents-Beginning	12,437,000	6,285,000
Cash And Equivalents-Ending	9,267,000	12,437,000
Supplemental Disclosures Of Noncash Investing And Financing Activities	'	'
Purchase of property and equipment in accrued expenses	0	137,000
Debt Conversion, Converted Instrument, Amount	'	14,000
Supplemental Cash Flow Information [Abstract]	'	'
Cash paid for interest	$4,425,000	$4,989,000

Nature_Of_Business

Nature Of Business	12 Months Ended
Nature Of Business	Sep. 30, 2014
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, operates a 125 million gallon capacity ethanol plant and began producing ethanol in February 2009. The Company sold 115.9 million gallons and 111.8 million gallons of ethanol in the years ended September 30, 2014 (“Fiscal 2014”) and September 30, 2013 (“Fiscal 2013”), respectively The Company sells its ethanol distillers grains, and corn syrup to Bunge, via the marketing agreements; these products are then distributed in the continental United States, Mexico and the Pacific Rim.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	Summary of Significant Accounting Policies
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments purchased with a maturity of three months or less when purchased to be cash equivalents.
	Financing Costs
	Financing costs associated with the refinance and revolving loans are recorded at cost and include expenditures directly related to securing debt financing. The Company amortizes financing costs using the effective interest method over the term of the related debt.
	Concentration of Credit Risk
	The Company’s cash balances are maintained in bank deposit accounts which at times may exceed federally-insured limits. The Company has not experienced any losses in such accounts.
	Revenue Recognition
	The Company sells ethanol and related products pursuant to marketing agreements. Revenues are recognized when the marketing company 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, and recorded as a sale upon delivery of the applicable bill of lading. The Company’s ethanol sales are handled through an ethanol purchase agreement (the “Ethanol Agreement”) with Bunge North America, Inc. (“Bunge”). Syrup and distillers grains (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. Carbon dioxide is sold through a Carbon Dioxide Purchase and Sale Agreement (the “CO2 Agreement”) with EPCO Carbon Dioxide Products, Inc. (”EPCO”) Marketing fees, agency fees, and commissions due to the marketer are calculated 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 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. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering customers’ financial condition, credit history and current economic conditions. As of September 30, 2014 and 2013, management had determined no allowance is 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 its dependence on corn in the ethanol production process. In general, rising corn prices 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. When the Company has sufficient working capital available, it enters into derivative contracts to hedge its exposure to price risk related to forecasted corn needs and forward corn purchase contracts.
	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 that are 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 September 30, 2014, the Company was committed to sell 3.0 million gallons of ethanol and 60,790 tons of dried distillers grains.
	Corn purchase contracts are treated as derivative financial instruments. Changes in fair value of forward corn contracts, which are marked to market each period, are included in costs of goods sold. As of September 30, 2014, the Company was committed to purchasing 2.5 million bushels of corn on a forward contract basis resulting in a total commitment of $10.0 million.
	In addition the Company was committed to purchasing 0.6 million bushels of basis contracts and 0.7 million bushels of unpriced corn.
	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. All derivatives are designated as non-hedge derivatives and the contracts will be accounted for at fair value. Although the contracts will be effective economic hedges of specified risks, they are not designated as and accounted for as hedging instruments.
	The gains or losses are included in revenue if the contracts relate to ethanol and cost of goods sold if the contracts relate to corn. During the twelve months ended September 30, 2014 and 2013, the Company recorded a combined realized and unrealized loss of $8.9 million and a loss of $1.2 million, respectively, as a component of cost of goods sold. During the twelve months ended September 30, 2014 the Company recorded a combined realized and unrealized loss of $1.1 million on ethanol derivative contracts. During the twelve months ended September 30, 2013, the Company did not enter into any significant amount of ethanol derivative contracts. 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 September 30, 2014 and 2013 are as follows:


		Balance Sheet Classification	September 30, 2014				September 30, 2013
			in 000's				in 000's
	Futures and option contracts
	In gain position		$	844			$	356

	In loss position		—				(518		)

	Cash held by (due to) broker		(221		)		929

		Current asset	623				767


	Forward contracts, corn, related party	Current liability	2,707				493


	Net futures, options, and forward contracts		$	(2,084	)		$	274



	The net realized and unrealized gains and losses on the Company’s derivative contracts for the years ended September 30, 2014 and 2013 consist of the following:


		Statement of Operations Classification	September 30, 2014				September 30, 2013
	Net realized and unrealized (gains) losses related to:		(in 000's)				(in 000's)

	Forward purchase contracts (corn)	Cost of Goods Sold	$	7,728			$	6,946

	Futures and option contracts (corn)	Cost of Goods Sold	1,163				(5,743		)

	Futures and option contracts (ethanol)	Revenue	1,146				—


	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.
	Property and Equipment
	Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives:


	Buildings	40 Years
	Process Equipment	10 - 20 Years
	Office Equipment	3-7 Years

Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss would be recognized when estimated undiscounted future cash flows from operations are less than the carrying value of the asset group. An impairment loss would be measured by the amount by which the carrying value of the asset exceeds the fair value of the asset. Management has determined there were no events or changes in circumstances that required and impairment evaluation during the year ending September 30, 2014.
Income Taxes
The Company has elected to be treated as a partnership for federal and state income tax purposes and generally does not incur income taxes. Instead, the Company’s earnings and losses are included in the income tax returns of the members. Therefore, no provision or liability for federal or state income taxes has been included in these 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 has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the Company is no longer subject to income tax examinations by the U.S. Federal, state or local authorities for the years before 2011.
Debt Modification Accounting

The Company evaluates amendments to its debt in accordance with ASC 540-50 Debt - Modification and Extinguishments for modification and extinguishment accounting. This evaluation included comparing the net present value of cash flows of the new debt to the old debt to determine if changes greater than 10 percent occurred. In instances, where the net present value of future cash flows changed more than 10 percent, the Company applies extinguishment accounting and determines the fair value of its debt based on factors available to the Company.

Fair value of financial instruments
The carrying amounts of cash and cash equivalents, derivative financial instruments, accounts receivable, accounts payable and accrued expenses approximate fair value due to the short term nature of these instruments.
The carrying amount of the bank debt approximates fair value, as the interest rate is a floating rate, and the debt was issued in June 2014. The aggregate fair value of the subordinated debt is estimated to be $41.0 million as of September 30, 2014, using level 3 inputs. The key inputs used in estimating the subordinated debt fair value include the estimated discounted cash flows as well as the estimated value of the conversion feature which is based on the estimated underlying value of the Company's membership units.
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 twelve months ended September 30, 2013, 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):


	Twelve Months Ended
	September 30, 2014				September 30, 2013
Numerator:
Net income (loss) for basic earnings per unit	$	48,608			$	(5,479	)

Interest expense on convertible term note	2,614				—

Net income (loss) for diluted earnings per unit	$	51,222			$	(5,479	)


Denominator:
Weighted average units outstanding - basic	13,205				13,140

Weighted average units outstanding - diluted	$	24,625			$	13,140

Income (loss) per unit - basic	$	3,681.03			$	(416.97	)

Income (loss) per unit - diluted	$	2,080.08			$	(416.97	)

Inventory

Inventory	12 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventory	'
	Inventory
	Inventory is comprised of the following at:


		September 30, 2014		September 30, 2013

		(in 000's)		(in 000's)
	Raw Materials - corn	$	2,395	$	2,607

	Supplies and Chemicals	2,783		2,780

	Work in Process	1,392		2,090

	Finished Goods	5,591		968

	Total	$	12,161	$	8,445

Members_Equity

Members' Equity	12 Months Ended
	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
Members' Equity	'
	Members’ Equity
	At September 30, 2014 and 2013 outstanding member units were:


		September 30, 2014	September 30, 2013
	A Units	8,993	8,810

	B Units	3,334	3,334

	C Units	1,000	1,000


	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 Board member. The Series B unit holders as a group have the right to elect the number of Board members which bears the same proportion to the total number of Directors in relation to Series B outstanding units to total outstanding units. Based on this calculation, the Series B unit holders 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	12 Months Ended
Revolving Loan/Credit Agreements	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Revolving Loan/Credit Agreements	'
	Revolving Loan/Credit Agreements
	FCSA/CoBank
	The Company entered into a credit agreement with Farm Credit Services of America, FLCA (“FCSA”) and CoBank, ACB, as cash management provider and agent (“CoBank”) which provides the Company with a term loan in the amount of $30,000,000 (the “Term Loan”) and a revolving term loan in the amount of up to $36,000,000 (the “Revolving Term Loan ",together with the Term Loan, the “FCSA Credit Facility”). The FCSA Credit Facility is secured by a security interest on all of the Company’s assets.

	The Term Loan provides for payments by the Company to FCSA of quarterly installments of $1,500,000 each, beginning on December 20, 2014 with a maturity date of September 20, 2019. The Revolving Term Loan has a maturity date of June 1, 2023 and requires reductions in principal availability in increments of $6,000,000 each June 1 commencing on June 1, 2020. Under the FCSA Credit Facility, the Company has the right to select from the several LIBOR based interest rate options with respect to each of the Term Loan and the Revolving Term Loan.

	As of September 30, 2014 , there was $30.0 million outstanding under the FCSA Credit Facility, with $36.0 million available under the Revolving Term Loan.

	AgStar
	The Company originally entered into a Credit Agreement, with AgStar Financial Services, PCA (“AgStar”) and a group of 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.
	All outstanding principal under the AgStar Credit Facility was paid off on June 24, 2014 with proceeds from the FSCA Credit Facility and the AgStar Credit Agreement was retired.

	Bunge

	Effective June 23, 2014, the Company amended and restated its Subordinated Term Loan Note by and between the Company and Bunge (the “ Bunge Term Loan Note ”). The Bunge Term Loan Note provides a loan in the principal amount of $19,517,137 and matures on July 1, 2023. Interest under the Bunge Term Loan Note payable is calculated at a rate of Six and One Quarter Percent (6.25%) over LIBOR. Interest under the Bunge Term Loan Note is due and payable quarterly commencing on September 30, 2014. The Company has the option to pay interest in-kind by adding the interest due to the outstanding principal. The Company may prepay any or all of the outstanding principal balance on the Bunge Term Loan Note at any time with thirty (30) days prior written notice to Bunge without penalty or premium. Bunge may convert any or all of a portion of the outstanding principal to Series U Units of the Company at a price of $3,000 per unit at its option upon fifteen (15) days prior notice to the Company by Bunge. As part of the amendment and restatement, the Company paid a total of $19,922,241 of principal and accrued interest on the outstanding loan, extended the term as indicated and reduced the interest rate from Seven and One Half Percent (7.5%) over LIBOR to the indicated rate.

	The Company recorded $2.5 million and $2.9 million of interest expense on the Bunge Term Loan Notes in the years ended September 30, 2014 and 2013, respectively. On November 21, 2014, the Company gave written notice to Bunge that it would make payment in full on the Bunge Term Loan Note on December 22, 2014.

	The Company had a revolving note with Bunge, which was terminated June 23, 2014.
	ICM
	Effective June 23, 2014, the Company amended and restated its Subordinated Term Loan Note by and between the Company and ICM (the “ ICM Term Loan Note ”). The ICM Term Loan Note provides a loan in the principal amount of $6,726,758. The ICM Term Loan Note matures on July 1, 2023. Interest under the ICM Term Loan Note is calculated at a rate of Six and One Quarter Percent (6.25%) per annum over LIBOR. Interest under the ICM Term Loan Note is due and payable quarterly commencing on September 30, 2014. The Company has the option to pay interest in-kind by adding the interest due to the outstanding principal. The Company may prepay any or all of the outstanding principal balance on the ICM Term Loan Note at any time with thirty (30) days prior written notice to ICM without penalty or premium. ICM may convert any or all of a portion of the outstanding principal to Series C Units of the Company at a price of $3,000 per unit at its option upon fifteen (15) days prior notice to the Company by ICM. As part of the amendment and restatement, the Company paid a total of $6,866,381 of principal and accrued interest on the outstanding loan, extended the term as indicated and reduced the interest rate from Seven and One Half Percent (7.5%) over LIBOR to the indicated rate.
	The Company recorded $0.9 million and $1.0 million of interest expense on the ICM Term Loan Notes in the years ended September 30, 2014 and 2013, respectively. On November 21, 2014, the Company gave written notice to ICM that it would make payment in full on the ICM Term Loan Note on December 22, 2014.

	Loss from debt extinguishment

	As a result of amending and restating the Bunge and ICM Subordinated Term Loan (Subdebt) agreements on June 23, 2014 to a new maturity date, the Company evaluated the change under the debt modification accounting guidance for an instrument with an embedded conversion feature. As a result of this evaluation, the Company determined an extinguishment occurred, which required determination of the fair value of the related debt. The Company determined that the subordinated debt fair value exceeded the face value by approximately $10.1 million due to the substantial premium contained in the conversion feature resulting in loss on debt extinguishment. Due to the substantial premium on the conversion feature in accordance with ASC 470-20-25-13, the resulting offset to the loss was reflected as an increase to members’ equity with the debt remaining at face value.

Notes_Payable

Notes Payable	12 Months Ended
	Sep. 30, 2014
Notes Payable [Abstract]	'
Notes Payable	'
	Notes Payable
	Notes payable consists of the following: (in 000's)


		September 30, 2014		September 30, 2013
	Term facility payable to FSCA bearing interest at LIBOR plus 3.25% (3.51% at September 30, 2014)	$	30,000	$	—

	Note payable to affiliate Bunge bearing interest at LIBOR plus 6.25% (6.48260% at September 30, 2014); maturity on July 1, 2023.	19,865		36,765

	Note payable to affiliate ICM bearing interest at LIBOR plus 6.25% (6.48260% at September 30, 2014); maturity on July 1, 2023.	6,847		12,671

	Other	212		273

	Convertible Notes payable to unit holders; was retired or converted May 31, 2014	—		552

	Term facility payable to AgStar retired June 24, 2014.	—		58,838

	Term revolver payable to AgStar retired June 24, 2014.	—		10,000

	Revolving line of credit payable to Bunge retired June 24, 2014.	—		5,000

		56,924		124,099

	Less Current Maturities	6,052		123,887

	Total Long Term Debt	$	50,872	$	212

	Approximate aggregate maturities of notes payable as of September 30, 2014 are as follows:


	2015	$	6,052


	2016	6,160


	2017	6,000


	2018	6,000



	2019	6,000



	2020 and Thereafter	26,712



	Total	$	56,924

Fair_Value_Measurement

Fair Value Measurement

12 Months Ended

Sep. 30, 2014

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 statements . 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 off the CME market.

The following table summarizes financial instruments measured at fair value on a recurring basis as of September 30, 2014 and 2013, categorized by the level of the valuation inputs within the fair value hierarchy: (dollars in '000s)

September 30, 2014

Level 1

Level 2

Level 3

Assets:

Derivative financial instruments

844

—

Liabilities:

Derivative financial instruments

—

2,707

—

September 30, 2013

Level 1

Level 2

Level 3

Assets:

Derivative financial instruments

356

—

Liabilities:

Derivative financial instruments

518

493

—

Incentive_Compensation

Incentive Compensation	12 Months Ended
Incentive Compensation	Sep. 30, 2014
Employee Benefits and Share-based Compensation [Abstract]	'
Incentive Compensation	'
	Incentive Compensation
	The Company has an equity incentive plan which provides that the Board of Directors may make awards of equity appreciation units (“EAU”) and equity participation units (“EPU”) and to employees from time to time, subject to vesting provisions as determined for each award. There are no EAU outstanding. The EPUs are valued in accordance with the agreement which is based on the appreciation in the book value per unit of the Company. The Company had 35.3 unvested EPUs outstanding under this plan as of September 30, 2014, which will vest three years from the dates of the awards. During the twelve months ended September 30, 2014 and 2013, the Company recorded compensation expense related to this plan of approximately $131,000 and $28,000, respectively. As of September 30, 2014 and 2013, the Company had a liability of approximately $181,000 and $45,000, respectively, outstanding as deferred compensation and has approximately $89,000 to be recognized as future compensation expense over the weighted average vesting period of approximately three years. The amount to be recognized in future years as compensation expense is estimated based on book value of the Company.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Sep. 30, 2014
Related Party Transaction, Due from (to) Related Party [Abstract]	'
Related Party Transactions	'
	Related Party Transactions and Major Customers
	Related Party Transactions
	Bunge
	The Company sells Bunge all of the ethanol produced at its facility, and Bunge purchases the same. Sales are subject to the Ethanol Agreement, which expires January 31, 2015. 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 Company has incurred expenses of $1.4 million during each of the twelve months ended September 30, 2014 and 2013, 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 years ended September 30, 2014 and 2013 were $300,000.
	The Company has executed a Railcar Agreement with Bunge for the lease of 325 ethanol cars and 300 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. Pursuant to the terms of a side letter to the Railcar Agreement, we sublease cars back to Bunge from time to time when the cars are not in use in our operations. Expenses under this agreement for the twelve months ended September 30, 2014 and 2013 were $5.4 million, The Company entered into a one year sublease for 147 hoppers with Bunge that will expire September 14, 2015. The Company also has a sublease for 54 hopper cars to Gavilon Ingredients, LLC which expires March 25, 2019. Upon expiration of the sublease, the Company will continue to work with Bunge to determine the need for ethanol and hopper cars in light of the current market conditions, and the expected conditions in 2015. The Company believes we will be able to fully utilize our fleet of hopper cars in the future, to allow us to cost-effectively ship distillers grains to distant markets, primarily the export markets.
	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 ten year term of the DG Agreement began February 1, 2009. The DG Agreement automatically renews for additional three 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 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 Company expensed $1.9 million and $2.4 million in fees during Fiscal 2014 and 2013.
	On August 26, 2009, in connection with the original issuance of the Bunge Note, the Company also executed a Bunge Agreement—Equity Matters (the “Bunge 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. Under the Supply Agreement, Bunge provides the Company with all of the corn it needs to operate our ethanol plant, and the Company has agreed to only purchase corn from Bunge. Bunge provides grain originators who work at the Facility for purposes of fulfilling its obligations under the Supply Agreement. The Company pays Bunge a per-bushel fee for corn procured by Bunge for the Company 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 ten years, subject to earlier termination upon specified events. The annual expenses were $1.3 million and $1.2 million for the fiscal years ended September 30, 2014 and 2013, 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 twelve months ended September 30, 2014 and 2013 were $0.2 million.
	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
	The Company and ICM have entered into a convertible term note. *See Note 5* *Revolving Loan/Credit Agreements,* for the terms of this financing arrangement.
	Major Customers
	The Company is party to the Ethanol Agreement, the Distillers Grain Purchase Agreement, and the Corn Oil Agreement with Bunge for the exclusive marketing, selling, and distributing of all of the ethanol, distillers grains, and corn oil produced by the Company. The Company has expensed $3.5 million and $4.0 million in marketing fees under these agreements for the twelve months ended September 30, 2014 and 2013, respectively. Revenues with this customer were $310.0 million and $340.2 million, respectively, for the twelve months ended September 30, 2014 and 2013. Trade accounts receivable due from Bunge were $5.2 million and $10.4 million September 30, 2014 and 2013, respectively.

Commitments

Commitments	12 Months Ended
Commitments	Sep. 30, 2014
Purchase Commitment, Excluding Long-term Commitment [Line Items]	'
Commitments Disclosure [Text Block]	'
	Commitments
	The Company has entered into a steam contract with an unrelated party under which the vendor agreed to provide the steam required by the Company, up to 475,000 pounds per hour. The Company agreed to pay a net energy rate for all steam provided under the contract as well as a monthly demand charge. The net energy rate is set for the first three years then adjusted each year beginning on the third anniversary date. The steam contract was renewed effective January 1, 2013, and will remain in effect until January 1, 2019. Expenses under this agreement for the year ended September 30, 2014 and 2013 were $5.7 million and $6.4 million, respectively.
	The Company leases certain equipment, railcars, vehicles, and operating facilities under non-cancellable operating leases that expire on various dates through 2019. The future minimum lease payments required under these leases (net of sublease income) are $3.6 million in 2015, $5.2 million in 2016, $5.1 million in 2017, $5.1 million in 2018, and $2.2 million in 2019. Rent expense related to operating leases for the years ended September 30, 2014 and 2013 was $4.5 million and $5.9 million, respectively, (net of sublease income). The majority of the future minimum lease payments and sublease income relate to the railcar lease with Bunge.

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policy)	12 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Use Of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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.
Cash & Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all highly liquid investments purchased with a maturity of three months or less when purchased to be cash equivalents.
Financing Costs	'
	Financing Costs
	Financing costs associated with the refinance and revolving loans are recorded at cost and include expenditures directly related to securing debt financing. The Company amortizes financing costs using the effective interest method over the term of the related debt.
Concentration Of Credit Risk	'
	Concentration of Credit Risk
	The Company’s cash balances are maintained in bank deposit accounts which at times may exceed federally-insured limits. The Company has not experienced any losses in such accounts.
Revenue Recognition	'
	Revenue Recognition
	The Company sells ethanol and related products pursuant to marketing agreements. Revenues are recognized when the marketing company 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, and recorded as a sale upon delivery of the applicable bill of lading. The Company’s ethanol sales are handled through an ethanol purchase agreement (the “Ethanol Agreement”) with Bunge North America, Inc. (“Bunge”). Syrup and distillers grains (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. Carbon dioxide is sold through a Carbon Dioxide Purchase and Sale Agreement (the “CO2 Agreement”) with EPCO Carbon Dioxide Products, Inc. (”EPCO”) Marketing fees, agency fees, and commissions due to the marketer are calculated 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
	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. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering customers’ financial condition, credit history and current economic conditions. As of September 30, 2014 and 2013, management had determined no allowance is 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 its dependence on corn in the ethanol production process. In general, rising corn prices 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. When the Company has sufficient working capital available, it enters into derivative contracts to hedge its exposure to price risk related to forecasted corn needs and forward corn purchase contracts.
	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 that are 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 September 30, 2014, the Company was committed to sell 3.0 million gallons of ethanol and 60,790 tons of dried distillers grains.
	Corn purchase contracts are treated as derivative financial instruments. Changes in fair value of forward corn contracts, which are marked to market each period, are included in costs of goods sold. As of September 30, 2014, the Company was committed to purchasing 2.5 million bushels of corn on a forward contract basis resulting in a total commitment of $10.0 million.
	In addition the Company was committed to purchasing 0.6 million bushels of basis contracts and 0.7 million bushels of unpriced corn.
	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. All derivatives are designated as non-hedge derivatives and the contracts will be accounted for at fair value. Although the contracts will be effective economic hedges of specified risks, they are not designated as and accounted for as hedging instruments.
	The gains or losses are included in revenue if the contracts relate to ethanol and cost of goods sold if the contracts relate to corn. During the twelve months ended September 30, 2014 and 2013, the Company recorded a combined realized and unrealized loss of $8.9 million and a loss of $1.2 million, respectively, as a component of cost of goods sold. During the twelve months ended September 30, 2014 the Company recorded a combined realized and unrealized loss of $1.1 million on ethanol derivative contracts. During the twelve months ended September 30, 2013, the Company did not enter into any significant amount of ethanol derivative contracts. 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 September 30, 2014 and 2013 are as follows:


		Balance Sheet Classification	September 30, 2014				September 30, 2013
			in 000's				in 000's
	Futures and option contracts
	In gain position		$	844			$	356

	In loss position		—				(518		)

	Cash held by (due to) broker		(221		)		929

		Current asset	623				767


	Forward contracts, corn, related party	Current liability	2,707				493


	Net futures, options, and forward contracts		$	(2,084	)		$	274



	The net realized and unrealized gains and losses on the Company’s derivative contracts for the years ended September 30, 2014 and 2013 consist of the following:


		Statement of Operations Classification	September 30, 2014				September 30, 2013
	Net realized and unrealized (gains) losses related to:		(in 000's)				(in 000's)

	Forward purchase contracts (corn)	Cost of Goods Sold	$	7,728			$	6,946

	Futures and option contracts (corn)	Cost of Goods Sold	1,163				(5,743		)

	Futures and option contracts (ethanol)	Revenue	1,146				—

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.
Property And Equipment	'
	Property and Equipment
	Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives:


		Buildings	40 Years
		Process Equipment	10 - 20 Years
		Office Equipment	3-7 Years

	Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss would be recognized when estimated undiscounted future cash flows from operations are less than the carrying value of the asset group. An impairment loss would be measured by the amount by which the carrying value of the asset exceeds the fair value of the asset. Management has determined there were no events or changes in circumstances that required and impairment evaluation during the year ending September 30, 2014.
Income Taxes	'
	Income Taxes
	The Company has elected to be treated as a partnership for federal and state income tax purposes and generally does not incur income taxes. Instead, the Company’s earnings and losses are included in the income tax returns of the members. Therefore, no provision or liability for federal or state income taxes has been included in these 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 has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the Company is no longer subject to income tax examinations by the U.S. Federal, state or local authorities for the years before 2011.
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 twelve months ended September 30, 2013, 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):


		Twelve Months Ended
		September 30, 2014				September 30, 2013
	Numerator:
	Net income (loss) for basic earnings per unit	$	48,608			$	(5,479	)

	Interest expense on convertible term note	2,614				—

	Net income (loss) for diluted earnings per unit	$	51,222			$	(5,479	)


	Denominator:
	Weighted average units outstanding - basic	13,205				13,140

	Weighted average units outstanding - diluted	$	24,625			$	13,140

	Income (loss) per unit - basic	$	3,681.03			$	(416.97	)

	Income (loss) per unit - diluted	$	2,080.08			$	(416.97	)

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 and accrued expenses approximate fair value due to the short term nature of these instruments.

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Schedule Of Derivatives Not Designated As Hedging Instruments	'
	Derivatives not designated as hedging instruments along with cash held by brokers at September 30, 2014 and 2013 are as follows:


		Balance Sheet Classification	September 30, 2014			September 30, 2013
			in 000's			in 000's
	Futures and option contracts
	In gain position		$	844		$	356

	In loss position		—			(518		)

	Cash held by (due to) broker		(221		)	929

		Current asset	623			767


	Forward contracts, corn, related party	Current liability	2,707			493


	Net futures, options, and forward contracts		$	(2,084	)	$	274

Schedule Of Net Realized And Unrealized Gains And Losses On Derivative Contracts	'

	The net realized and unrealized gains and losses on the Company’s derivative contracts for the years ended September 30, 2014 and 2013 consist of the following:


		Statement of Operations Classification	September 30, 2014			September 30, 2013
	Net realized and unrealized (gains) losses related to:		(in 000's)			(in 000's)

	Forward purchase contracts (corn)	Cost of Goods Sold	$	7,728		$	6,946

	Futures and option contracts (corn)	Cost of Goods Sold	1,163			(5,743		)

	Futures and option contracts (ethanol)	Revenue	1,146			—

Schedule Of Property And Equipment	'
	Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives:


		Buildings	40 Years
		Process Equipment	10 - 20 Years
		Office Equipment	3-7 Years

Inventory_Tables

Inventory (Tables)	12 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Components Of Inventory	'


		September 30, 2014		September 30, 2013

		(in 000's)		(in 000's)
	Raw Materials - corn	$	2,395	$	2,607

	Supplies and Chemicals	2,783		2,780

	Work in Process	1,392		2,090

	Finished Goods	5,591		968

	Total	$	12,161	$	8,445

Members_Equity_Members_Equity_

Members' Equity Members" Equity (Tables)	12 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Schedule of Stockholders Equity [Table Text Block]	'
	At September 30, 2014 and 2013 outstanding member units were:


		September 30, 2014	September 30, 2013
	A Units	8,993	8,810

	B Units	3,334	3,334

	C Units	1,000	1,000

Notes_Payable_Tables

Notes Payable (Tables)	12 Months Ended
	Sep. 30, 2014
Notes Payable [Abstract]	'
Components Of Notes Payable	'
	Notes payable consists of the following: (in 000's)


		September 30, 2014		September 30, 2013
	Term facility payable to FSCA bearing interest at LIBOR plus 3.25% (3.51% at September 30, 2014)	$	30,000	$	—

	Note payable to affiliate Bunge bearing interest at LIBOR plus 6.25% (6.48260% at September 30, 2014); maturity on July 1, 2023.	19,865		36,765

	Note payable to affiliate ICM bearing interest at LIBOR plus 6.25% (6.48260% at September 30, 2014); maturity on July 1, 2023.	6,847		12,671

	Other	212		273

	Convertible Notes payable to unit holders; was retired or converted May 31, 2014	—		552

	Term facility payable to AgStar retired June 24, 2014.	—		58,838

	Term revolver payable to AgStar retired June 24, 2014.	—		10,000

	Revolving line of credit payable to Bunge retired June 24, 2014.	—		5,000

		56,924		124,099

	Less Current Maturities	6,052		123,887

	Total Long Term Debt	$	50,872	$	212

Aggregate Maturities Of Notes Payable	'
	Approximate aggregate maturities of notes payable as of September 30, 2014 are as follows:


	2015	$	6,052


	2016	6,160


	2017	6,000


	2018	6,000



	2019	6,000



	2020 and Thereafter	26,712



	Total	$	56,924

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)	12 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis	'
	The following table summarizes financial instruments measured at fair value on a recurring basis as of September 30, 2014 and 2013, categorized by the level of the valuation inputs within the fair value hierarchy: (dollars in '000s)


		September 30, 2014
		Level 1		Level 2		Level 3
	Assets:
	Derivative financial instruments	$	844	$	—	$	—


	Liabilities:
	Derivative financial instruments	—		2,707		—




		September 30, 2013
		Level 1		Level 2		Level 3
	Assets:
	Derivative financial instruments	$	356	$	—	$	—


	Liabilities:
	Derivative financial instruments	518		493		—

Nature_Of_Business_Details

Nature Of Business (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
	gal	gal
Nature Of Business [Abstract]	'	'
Production capacity, Number of Gallons	$125	'
Production, Number Of Gallons	115,900,000	111,800,000

Summary_Of_Significant_Account3

Summary Of Significant Accounting Policies (Narrative) (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
	T
	gal
	bu
Schedule of Available-for-sale Securities [Line Items]	'	'
Carrying value of subordinated debt	$41,000,000	'
Comparison of net present value of cash flows, old to new debt	10.00%	'
Net Income (Loss) Attributable to Parent	48,608,000	-5,479,000
Net Income (Loss) Available to Common Stockholders, Basic	48,608,000	-5,479,000
Interest Expense, Subordinated Notes and Debentures	2,614,000	0
Net Income (Loss) Available to Common Stockholders, Diluted	51,222,000	-5,479,000
Weighted Average Number of Shares Outstanding, Basic	13,205	13,140
Weighted Average Number of Shares Outstanding, Diluted	24,625	13,140
Earnings Per Share, Basic	$3,681.03	($416.97)
Derivative Assets	623,000	767,000
Sale of ethanol (in gallons)	3,000,000	'
Sale of distillers, grains, and solubles (in tons)	60,790	'
Total purchase commitment of corn (in bushels)	2,515,000	'
Total purchase commitment	10,031,000	'
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	8,891,000	1,203,000
Total purchase commitment of corn basis contracts, bushels	600,000	'
Total purchase commitment of unpriced corn (in bushels)	700,000	'
Earnings Per Share, Diluted	$2,080.08	($416.97)
Forward Contracts [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	($7,728,000)	($6,946,000)

Summary_Of_Significant_Account4

Summary Of Significant Accounting Policies (Schedule Of Derivatives Not Designated As Hedging Instruments) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Summary Of Significant Accounting Policies [Line Items]	'	'
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	($8,891)	($1,203)
Derivative Assets	-623	-767
Derivative Liability, Notional Amount	'	493
Derivative, Fair Value, Net	-2,084	274
Futures And Option Contracts In Gain Position [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Derivative Assets	'	-356
Futures And Option Contracts In Loss Position [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Derivative Assets	0	-518
Futures And Option Contracts Cash Held By Due To Broker [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Derivative Assets	-221	-929
Forward Contracts [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	7,728	6,946
ethanol [Member] \| Future And Option Contracts [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	1,146	0
corn [Member] \| Future And Option Contracts [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	$1,163	($5,743)

Summary_Of_Significant_Account5

Summary Of Significant Accounting Policies (Schedule Of Net Realized And Unrealized Gains And Losses On Derivative Contracts) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Summary Of Significant Accounting Policies [Line Items]	'	'
Net realized and unrealized (gains) losses	($8,891)	($1,203)
Forward Contracts [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Net realized and unrealized (gains) losses	$7,728	$6,946

Summary_Of_Significant_Account6

Summary Of Significant Accounting Policies (Schedule Of Property And Equipment) (Details)	12 Months Ended
	Sep. 30, 2014
Office Equipment - Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'7 years
Office Equipment - Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'3 years
Process Equipment - Maximum [Member] [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'20 years
Process Equipment - Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'10 years
Building [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'40 years

Inventory_Components_Of_Invent

Inventory (Components Of Inventory) (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Inventory Disclosure [Abstract]	'	'
Raw Materials - corn	$2,395	$2,607
Supplies and Chemicals	2,783	2,780
Work in Process	1,392	2,090
Finished Goods	5,591	968
Total	$12,161	$8,445

Members_Equity_Narrative_Detai

Members' Equity (Narrative) (Details)	Sep. 30, 2014	Sep. 30, 2013
Capital Unit [Line Items]	'	'
Capital Units, Outstanding	13,327	13,144
Capital Unit, Class A [Member]	'	'
Capital Unit [Line Items]	'	'
Capital Units, Outstanding	8,993	8,810
Capital Unit, Class B [Member]	'	'
Capital Unit [Line Items]	'	'
Capital Units, Outstanding	3,334	3,334
Capital Unit Class C [Member]	'	'
Capital Unit [Line Items]	'	'
Capital Units, Outstanding	1,000	1,000

Revolving_LoanCredit_Agreement1

Revolving Loan/Credit Agreements (AgStar and Bunge) (Narrative) (Details) (USD $)	12 Months Ended							0 Months Ended	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Jun. 23, 2014	Sep. 30, 2014
			CoBank [Member]	CoBank [Member]	Bunge [Member]	Bunge [Member]	CoBank [Member]	Bunge [Member]	Bunge [Member]
			Term Loan [Member]	Term Revolver [Member]				Rate	Rate
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'
Quarterly installment	'	'	$1,500,000	'	'	'	'	'	'
Debt Instrument, Periodic Principal Reduction	'	'	'	6,000,000	'	'	'	'	'
Amount outstanding	'	'	30,000,000	'	'	'	'	'	'
Line of Credit Facility, Interest Rate Description	'	'	'	'	'	'	'	'LIBOR	'LIBOR
Interest Expense, Debt	'	'	'	'	2,500,000	2,900,000	'	'	'
Long-term debt, prepayment notice period	'	'	'	'	'	'	'	'	'30 days
Debt Conversion, Converted Instrument, Amount	'	14,000	'	'	'	'	'	'	'
Long-term Debt	56,924,000	124,099,000	'	'	'	'	'	'	19,517,137
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	'	'	'	'	'	'	'	7.50%	6.25%
Revolving Working Capital facility 1, Face Amount	'	'	'	'	'	'	36,000,000	'	'
Senior debt, retired	126,000,000	'	'	'	'	'	'	'	'
Term loan, retired	101,000,000	'	'	'	'	'	'	'	'
Revolving term loan, retired	10,000,000	'	'	'	'	'	'	'	'
Revolving working capital facility, retired	15,000,000	'	'	'	'	'	'	'	'
Convertible Notes, Series U Unit Option, Price	'	'	'	'	'	'	'	'	3,000
Debt instrument, conversion notice period	'	'	'	'	'	'	'	'	'15 days
Debt Instrument, Periodic Payment	'	'	'	'	'	'	'	'	19,922,241
Extinguishment of Debt, Gain (Loss), Net of Tax	$10,128,000	$0	'	'	'	'	'	'	'

Revolving_LoanCredit_Agreement2

Revolving Loan/Credit Agreements (ICM) (Narrative) (Details) (USD $)	0 Months Ended	12 Months Ended
	Jun. 23, 2014	Sep. 30, 2014	Sep. 30, 2013
	Rate	Rate	Sep. 30, 2013
Debt Instrument [Line Items]	'	'	'
Conversion price per unit	'	'	$14,000
ICM Term Note [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Amount outstanding	'	6,726,758	'
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	7.50%	6.25%	'
Line of Credit Facility, Interest Rate Description	'LIBOR	'LIBOR	'
Long-term debt, prepayment notice period	'	'30 days	'
Convertible Notes, Series C Unit Option, Price	'	3,000	'
Debt instrument, conversion notice period	'	'15 days	'
Debt Instrument, Periodic Payment	'	6,866,381	'
Interest Expense, Debt	'	$900,000	$1,000,000

Notes_Payable_Components_Of_No

Notes Payable (Components Of Notes Payable) (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Notes Payable [Line Items]	'	'
Total	$56,924,000	$124,099,000
Less current maturities	-6,052,000	-123,887,000
Long-term Debt, Excluding Current Maturities	50,872,000	212,000
Term Revolver [Member] \| CoBank [Member]	'	'
Notes Payable [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	30,000,000	0
Term Revolver - Bunge [Member]	'	'
Notes Payable [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	0	5,000,000
Note Payable - IDED [Member]	'	'
Notes Payable [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	212,000	273,000
Debt instrument, amount	300,000	'
Debt Instrument, Periodic Payment, Principal	2,500	'
Convertible Note Payable - Unit Holders [Member]	'	'
Notes Payable [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	10.50%	'
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	7.50%	'
Line of Credit Facility, Amount Outstanding	0	552,000
Bearing interest rate	7.97%	'
Debt Instrument, Description of Variable Rate Basis	'LIBOR plus 7.50 to 10.5%	'
Note Payable - Bunge, N.A. [Member]	'	'
Notes Payable [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	6.50%	'
Line of Credit Facility, Amount Outstanding	19,865,000	36,765,000
Bearing interest rate	6.48%	'
Debt Instrument, Description of Variable Rate Basis	'LIBOR plus 6.50%	'
Note Payable - ICM (Member)	'	'
Notes Payable [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	6.50%	'
Line of Credit Facility, Amount Outstanding	6,847,000	12,671,000
Bearing interest rate	6.48%	'
Debt Instrument, Description of Variable Rate Basis	'LIBOR plus 6.50%	'
Term Facility, 1 - AgStar [Member]	'	'
Notes Payable [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	3.25%	'
Line of Credit Facility, Amount Outstanding	0	58,838,000
Bearing interest rate	3.51%	'
Debt Instrument, Description of Variable Rate Basis	'LIBOR plus 3.25%	'
Term Revolver - AgStar [Member]	'	'
Notes Payable [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	$0	$10,000,000
Capital Leases Payable [Member]	'	'
Notes Payable [Line Items]	'	'
Fixed interest rate	3.09%	'

Notes_Payable_Aggregate_Maturi

Notes Payable (Aggregate Maturities Of Notes Payable) (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Debt Instrument [Line Items]	'	'
Long-term Debt, Current Maturities	$6,052	$123,887
Long-term Debt, Maturities, Repayments of Principal in Year Five	6,000	'
Long-term Debt, Maturities, Repayments of Principal after Year Five	26,712	'
2015	6,000	'
2014	6,160	'
2016	6,000	'
Total	$56,924	$124,099

Fair_Value_Measurement_Financi

Fair Value Measurement (Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Derivative [Line Items]	'	'
Assets: Derivative financial instruments	$623	$767
Liabilities: Derivative financial instruments	2,707	'
Level 1 [Member]	'	'
Derivative [Line Items]	'	'
Assets: Derivative financial instruments	844	'
Liabilities: Derivative financial instruments	0	518
Level 2 [Member]	'	'
Derivative [Line Items]	'	'
Assets: Derivative financial instruments	0	0
Liabilities: Derivative financial instruments	'	493
Level 3 [Member]	'	'
Derivative [Line Items]	'	'
Assets: Derivative financial instruments	0	0
Liabilities: Derivative financial instruments	0	0
Futures And Option Contracts In Gain Position [Member]	'	'
Derivative [Line Items]	'	'
Assets: Derivative financial instruments	'	356
Futures And Option Contracts In Gain Position [Member] \| Level 1 [Member]	'	'
Derivative [Line Items]	'	'
Assets: Derivative financial instruments	'	$356

Incentive_Compensation_Details

Incentive Compensation (Details) (USD $)	12 Months Ended
Incentive Compensation (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Employee Benefits and Share-based Compensation [Abstract]	'	'
Unvested EPUs outstanding	35.3	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 years	'
Compensation expense	$131,000	$28,000
Deferred compensation	181,000	45,000
Future compensation expense	$89,000	'

Related_Party_Transactions_Bun

Related Party Transactions (Bunge) (Narrative) (Details) (USD $)

12 Months Ended

3 Months Ended

12 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Ethanol Agreement [Member]

Corn Oil Agency Agreement [Member]

Supply Agreement [Member]

Equity Agreement [Member]

Distillers Grain Purchase Agreement [Member]

Railcar Agreement [Member]

Hopper Cars [Member]

Ethanol Cars [Member]

Risk Management Services Agreement [Member]

Ethanol Agreement [Member]

Bunge [Member]

Related Party Transaction [Line Items]

Investment from related parties

$20,004,000

Expenses related to related party transaction

200,000

236,596

1,300,000

1,200,000

1,900,000

2,400,000

5,400,000

5,398,107

300,000

1,400,000

Lease payment for grain elevator, per month

4,500,000

5,900,000

Agreement period

'120 months

'3 years

'10 years

Renewal period

'3 years

Related Party Agreement Period, Termination Notice

'180 days

Minimum annual fee (per-gallon fee for ethanol sold)

750,000

Minimum annual fee for corn procured

675,000

Proceeds from issuance of equity or debt securities

76.00%

Minimum yearly payment (marketing fee consisting of a percentage of net sales price)

150,000

Lease assets

147

Number Of Railcars

300

325

Related Party Agreement Expiration Date

14-Sep-15

Marketing Expense

3,500,000

4,000,000

Revenues

319,548,000

350,194,000

310,000,000

340,200,000

Accounts Receivable, Related Parties, Current

$5,192,000

$10,441,000

Related_Party_Transactions_ICM

Related Party Transactions (ICM) (Narrative) (Details) (ICM Term Note [Member], USD $)	12 Months Ended
	Sep. 30, 2014
ICM Term Note [Member]	'
Related Party Transaction [Line Items]	'
Investment from related parties	$6,000,000

Commitments_Details

Commitments (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Purchase of steam under steam contract, maximum pounds per hour	475,000	'
Expenses related to steam contract	$5.70	$6.40
Operating Leased Assets	'	'
Future minimum lease payments for 2014	3.6	'
Future minimum lease payments for 2015	5.2	'
Future minimum lease payments for 2016	5.1	'
Operating Leases, Future Minimum Payments, Due in Four Years	5.1	'
Future minimum lease payments for 2017	2.2	'
Operating Leases, Rent Expense, Net	$4.50	$5.90
Commitments	'	'
	Commitments
	The Company has entered into a steam contract with an unrelated party under which the vendor agreed to provide the steam required by the Company, up to 475,000 pounds per hour. The Company agreed to pay a net energy rate for all steam provided under the contract as well as a monthly demand charge. The net energy rate is set for the first three years then adjusted each year beginning on the third anniversary date. The steam contract was renewed effective January 1, 2013, and will remain in effect until January 1, 2019. Expenses under this agreement for the year ended September 30, 2014 and 2013 were $5.7 million and $6.4 million, respectively.
	The Company leases certain equipment, railcars, vehicles, and operating facilities under non-cancellable operating leases that expire on various dates through 2019. The future minimum lease payments required under these leases (net of sublease income) are $3.6 million in 2015, $5.2 million in 2016, $5.1 million in 2017, $5.1 million in 2018, and $2.2 million in 2019. Rent expense related to operating leases for the years ended September 30, 2014 and 2013 was $4.5 million and $5.9 million, respectively, (net of sublease income). The majority of the future minimum lease payments and sublease income relate to the railcar lease with Bunge.