Golden Growers Cooperative (GGROU) 10-Q 5 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 04, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-53957
Entity Registrant Name	Golden Growers Cooperative
Entity Central Index Key	0001489874
Entity Tax Identification Number	27-1312571
Entity Incorporation, State or Country Code	MN
Entity Address, Address Line One	1002 Main Avenue West
Entity Address, Address Line Two	Suite 5
Entity Address, City or Town	West Fargo
Entity Address, State or Province	ND
Entity Address, Postal Zip Code	58078
City Area Code	701
Local Phone Number	281-0468
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,490,480

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and Cash Equivalents	$ 1,421	$ 2,146
Short-Term Investments	5,047	4,720
Other Current Assets	95	308
Total Current Assets	6,563	7,174
Long-Term Investments	2,088	2,352
Investment in ProGold LLC	18,010	18,333
Total Assets	26,661	27,859
Current Liabilities
Accounts Payable
Accrued Liabilities	7	205
Total Current Liabilities	7	205
Non-Current Liabilities
Members' Equity:
Members’ Equity           Membership Units, Authorized 60,000,000 Units,           Issued and Outstanding 15,490,480 as of March 31, 2023 and December 31, 2022	26,916	27,921
Accumulated Other Comprehensive Income (Loss)	(262)	(267)
Total Members’ Equity	26,654	27,654
Total Liabilities and Members’ Equity	$ 26,661	$ 27,859

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Membership Units, Authorized	60,000,000	60,000,000
Membership Units, Issued	15,490,480	15,490,480
Membership Units, Outstanding	15,490,480	15,490,480

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
OPERATIONS
Corn Revenue	$ 31,283	$ 30,302
Corn Expense	(31,297)	(30,317)
Net Income from ProGold LLC	1,605	2,796
General & Administrative Expenses	(210)	(202)
Net Income from Operations	1,381	2,579
Other Income	92	27
Net Income Before Income Tax	1,473	2,606
Net Income	$ 1,473	$ 2,606
Weighted Average Shares/Units Outstanding	15,490,480	15,490,480
Earnings per Share/Membership Unit
Earnings per Share/Membership Unit, Primary	$ 0.10	$ 0.17
Earnings per Share/Membership Unit, Diluted	$ 0.10	$ 0.17

CONDENSED STATEMENTS OF COMPREH

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
COMPREHENSIVE INCOME
Net Income	$ 1,473	$ 2,606
Other Comprehensive Income (Loss), Net	5
Comprehensive Income	$ 1,478	$ 2,606

STATEMENTS OF CHANGES IN MEMBER

STATEMENTS OF CHANGES IN MEMBERS' EQUITY $ in Thousands	Common Stock [Member] USD ($)
Beginning balance, value at Dec. 31, 2021	$ 27,747
Net income	2,606
Pension Liability Adjustment
Distributions to Members	(2,169)
Ending balance, value at Mar. 31, 2022	28,184
Beginning balance, value at Dec. 31, 2022	27,654
Net income	1,473
Distributions to Members	(2,478)
Unrealized gain on investments	5
Ending balance, value at Mar. 31, 2023	$ 26,654

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities
Net Income	$ 1,473	$ 2,606
Net (Income) from ProGold LLC	(1,605)	(2,796)
Changes in assets and liabilities
Other Current Assets	212	226
Accrued liabilities and payables	(198)	(204)
Net Cash Used in Operating Activities	(118)	(168)
Cash Flows from Investing Activities
(Purchase) Sale of investments	(58)	620
Investment in ProGold LLC		(89)
Distribution received from ProGold LLC	1,929	4,303
Net Cash Provided in Investing Activities	1,871	4,834
Cash Flows from Financing Activities
Member distributions paid	(2,478)	(2,169)
Net Cash Used by Financing Activities	(2,478)	(2,169)
Increase (Decrease) in Cash and Cash Equivalents	(725)	2,497
Cash and Cash Equivalents, Beginning of Period	2,146	1,595
Cash and Cash Equivalents, End of Period	$ 1,421	$ 4,092

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION The condensed financial statements of Golden Growers Cooperative (the “Cooperative”) for the three-month periods ended March 31, 2023 and 2022 are unaudited and reflect all adjustments consisting 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 period. The condensed financial statements should be read in conjunction with the financial statements and notes thereto, contained in the Cooperative’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. The results of operations for the three-month period ended March 31, 2023 are not necessarily indicative of the results for the entire fiscal year ending December 31, 2023.

EXPENSES

EXPENSES	3 Months Ended
	Mar. 31, 2023
Other Income and Expenses [Abstract]
EXPENSES	NOTE 2 – EXPENSES The Cooperative contracts with Cargill, Incorporated (“Cargill”) in connection with the procurement of corn and other agency services for an annual fee of $60,000 4 Effective March 1, 2022, the term of the Facility Lease was extended through December 31, 2026.

PROGOLD LIMITED LIABILITY COMPA

PROGOLD LIMITED LIABILITY COMPANY	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
PROGOLD LIMITED LIABILITY COMPANY	NOTE 3 – PROGOLD LIMITED LIABILITY COMPANY Prior to March 1, 2022, the Cooperative and American Crystal Sugar Company (“American Crystal”) held a 49% 51% 0% On March 1, 2022, pursuant to an Option Agreement by and between Cargill and American Crystal, and a Consent Agreement by and among the Cooperative, Cargill, and American Crystal, each effective January 1, 2018, Cargill purchased a 50% 1% 50% 0% March 31, December 31, (In Thousands) 2023 2022 2022 Current Assets $ 209 $ 68 $ 223 Long-Term Assets 35,840 39,317 36,475 Total Assets $ 36,049 $ 39,385 $ 36,698 Current Liabilities $ 29 $ 45 $ 31 Long-Term Liabilities — — — Total Liabilities 29 45 31 Members’ Equity 36,020 39,340 36,667 Total Liabilities and Members’ Equity $ 36,049 $ 39,385 $ 36,698 Rent Revenue on Operating Lease $ 3,953 $ 6,534 $ 17,468 Expenses 743 895 3,919 Net Income $ 3,210 $ 5,639 $ 13,549

INVESTMENTS

INVESTMENTS	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	NOTE 4 – INVESTMENTS The Cooperative has determined fair value of its investments based on Level 2 inputs (in thousands): March 31, 2023: Level 1 Level 2 Level 3 Total Corporate Bonds - Held to Maturity $ — $ 4,252 $ — $ 4,252 Fixed Income Funds - Available for Sale — 2,492 — 2,492 Money Market & CD’s — 333 — 333 $ — $ 7,077 $ — $ 7,077 December 31, 2022: Corporate Bonds - Held to Maturity $ $ $ $ Fixed Income Funds - Available for Sale — 2,453 — 2,453 Money Market & CD’s — 75 — 75 $ — $ 6,989 $ — $ 6,989 Maturities are as follows as of March 31, 2023 (in thousands): Net Carrying Fair Amount Value Due in 1 year or less $ 2,234 $ 2,224 Due in 2 to 5 years 1,737 1,697 Greater than 5 years 351 331 $ 4,322 $ 4,252 The Cooperative’s investments are as follows as of March 31, 2023 and December 31, 2022 (in thousands): Amortized Unrealized Unrealized Cost Gains Losses Fair Value March 31, 2023: Corporate Bonds - Held to Maturity $ $ $ (59 ) $ Fixed Income Funds - Available for Sale 2,754 — (262 ) 2,492 Money Market & CD’s 333 — — 333 $ $ $ (321 ) $ 7,077 December 31, 2022: Corporate Bonds - Held to Maturity $ $ $ (84 ) $ Fixed Income Funds - Available for Sale 2,720 — (267 ) 2,453 Money Market & CD’s 75 — — 75 $ $ $ (351 ) $ 6,989 The following table shows the gross unrealized losses and fair value of the Cooperative’s securities with unrealized losses that are not deemed to have credit losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2023 and December 31, 2022. Less than 12 Months More than 12 Months Unrealized Unrealized March 31, 2023: Fair Value Losses Fair Value Losses Corporate Bonds - Held to Maturity $ $ (28 ) $ $ (31 ) Fixed Income Funds — — 2,492 (262 ) $ 3,227 $ (28 ) $ 3,041 $ (293 ) December 31, 2022: Corporate Bonds - Held to Maturity $ $ (68 ) $ $ (16 ) Fixed Income Funds — — 2,453 (267 ) $ 3,612 $ (68 ) $ 2,735 $ (283 )

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	NOTE 5 – EMPLOYEE BENEFIT PLANS Pension Plan – In December 2022, the Cooperative approved a resolution to terminate the plan on March 31, 2023. The process of terminating the plan includes the purchase of annuities from the assets of the plan to satisfy payment of vested benefits to participants as prescribed by the Pension Benefit Guarantee Corporation’s standard termination process. As of December 31, 2022, the pension plan was funded as required by the funding standards set forth by the Employee Retirement Income Security Act (ERISA). While there are currently sufficient funds to purchase annuities for the plan’s two (2) participants to pay all of the benefits owed under the plan, if conditions worsen, the Cooperative is liable to pay the difference between the pension assets and the cost of annuities for participants to cover all benefit liabilities. The Cooperative anticipates that the process of terminating the plan will conclude in July 2024. The plan’s fair value and benefit obligation will vary over time as a result of changes in market interest rates, the life expectancy of plan participants, and benefit payments. As of December 31, 2022, the plan had a total fair value of $704,000 $636,000 $910,000 $718,000 For the three-month periods ended March 31, 2023 and 2022, the Cooperative made $0 $0

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	NOTE 6 – REVENUE RECOGNITION The Cooperative derives revenue from two sources: operations related to the marketing of members’ corn and income derived from the Cooperative’s membership interest in ProGold LLC. The Cooperative recognizes revenue from its corn marketing operations equal to the value of the corn that is delivered to Cargill and certain purchased corn and agency fees paid by members. Identify Contracts with Customers Annually, the Cooperative is required to deliver approximately 15,490,480 $60,000 4 Performance Obligations Members who deliver corn under Method A are paid the market price or contracted price for their corn at the time of delivery, as well as an incentive payment of $.10 Members who elect Method B to deliver corn pay the Cooperative a $.02 Variable Consideration The Cooperative’s Board of Directors has the discretion to change the member incentive payment, purchased corn and agency fees based on the Cooperative’s corn delivery needs. The Cargill agency fee is also a component of corn expense. Significant Judgments The evaluation of contracts with customers, performance obligations, and variable consideration requires significant judgment. The decision to combine contracts or separate a combined or single contract into multiple performance obligations could change the amount of revenue and profit recorded in a given period. For the three-month periods ended March 31, 2023 and 2022, the Cooperative recognized corn revenue of $ 31.3 $30.3 Method A $12.8 $11.8 Method B $18.5 $18.5

DISTRIBUTIONS TO MEMBERS

DISTRIBUTIONS TO MEMBERS	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
DISTRIBUTIONS TO MEMBERS	NOTE 7 – DISTRIBUTIONS TO MEMBERS On February 24, 2023, the Cooperative made distributions to its members totaling $ 2,478,477 $0.16 $2,168,667 $0.14

LINE OF CREDIT

LINE OF CREDIT	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
LINE OF CREDIT	NOTE 8 – LINE OF CREDIT The Cooperative has a $2,000,000 October 16, 2024 no

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES The Cooperative contracts with Cargill in connection with the procurement of corn and other agency services for an annual fee of $60,000 4 December 31, 2026

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS The Cooperative has evaluated events through the date the financial statements were issued for potential recognition or disclosure in the March 31, 2023 financial statements and concluded that no subsequent events have occurred that would require recognition in the March 31, 2023 financial statements.

PROGOLD LIMITED LIABILITY COM_2

PROGOLD LIMITED LIABILITY COMPANY (Tables)	3 Months Ended
	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Financial Information for ProGold LLC	March 31, December 31, (In Thousands) 2023 2022 2022 Current Assets $ 209 $ 68 $ 223 Long-Term Assets 35,840 39,317 36,475 Total Assets $ 36,049 $ 39,385 $ 36,698 Current Liabilities $ 29 $ 45 $ 31 Long-Term Liabilities — — — Total Liabilities 29 45 31 Members’ Equity 36,020 39,340 36,667 Total Liabilities and Members’ Equity $ 36,049 $ 39,385 $ 36,698 Rent Revenue on Operating Lease $ 3,953 $ 6,534 $ 17,468 Expenses 743 895 3,919 Net Income $ 3,210 $ 5,639 $ 13,549

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Fair Value of Investments Held to Maturity Based on Level 2 Inputs	March 31, 2023: Level 1 Level 2 Level 3 Total Corporate Bonds - Held to Maturity $ — $ 4,252 $ — $ 4,252 Fixed Income Funds - Available for Sale — 2,492 — 2,492 Money Market & CD’s — 333 — 333 $ — $ 7,077 $ — $ 7,077 December 31, 2022: Corporate Bonds - Held to Maturity $ $ $ $ Fixed Income Funds - Available for Sale — 2,453 — 2,453 Money Market & CD’s — 75 — 75 $ — $ 6,989 $ — $ 6,989
Schedule of Bond Maturities	Net Carrying Fair Amount Value Due in 1 year or less $ 2,234 $ 2,224 Due in 2 to 5 years 1,737 1,697 Greater than 5 years 351 331 $ 4,322 $ 4,252
Schedule of Investments Held to Maturity	Amortized Unrealized Unrealized Cost Gains Losses Fair Value March 31, 2023: Corporate Bonds - Held to Maturity $ $ $ (59 ) $ Fixed Income Funds - Available for Sale 2,754 — (262 ) 2,492 Money Market & CD’s 333 — — 333 $ $ $ (321 ) $ 7,077 December 31, 2022: Corporate Bonds - Held to Maturity $ $ $ (84 ) $ Fixed Income Funds - Available for Sale 2,720 — (267 ) 2,453 Money Market & CD’s 75 — — 75 $ $ $ (351 ) $ 6,989
Schedule of Unrealized Loss on Investments	Less than 12 Months More than 12 Months Unrealized Unrealized March 31, 2023: Fair Value Losses Fair Value Losses Corporate Bonds - Held to Maturity $ $ (28 ) $ $ (31 ) Fixed Income Funds — — 2,492 (262 ) $ 3,227 $ (28 ) $ 3,041 $ (293 ) December 31, 2022: Corporate Bonds - Held to Maturity $ $ (68 ) $ $ (16 ) Fixed Income Funds — — 2,453 (267 ) $ 3,612 $ (68 ) $ 2,735 $ (283 )

EXPENSES (Details Narrative)

EXPENSES (Details Narrative)	3 Months Ended
	Mar. 31, 2023 USD ($) Unit
Other Income and Expenses [Abstract]
Annual Contractual Payments to Cargill to Arrange for Delivery of The Corn and Other Agency Services | $	$ 60,000
Number Of Installments | Unit	4
Service Contract Maturity Date Description	Effective March 1, 2022, the term of the Facility Lease was extended through December 31, 2026.

Schedule of Financial Informati

Schedule of Financial Information for ProGold LLC (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Current Assets	$ 209	$ 68	$ 223
Long-Term Assets	35,840	39,317	36,475
Total Assets	36,049	39,385	36,698
Current Liabilities	29	45	31
Long-Term Liabilities
Total Liabilities	29	45	31
Members' Equity	36,020	39,340	36,667
Total Liabilities and Members' Equity	36,049	39,385	36,698
Rent Revenue on Operating Lease	3,953	6,534	17,468
Expenses	743	895	3,919
Net Income	$ 3,210	$ 5,639	$ 13,549

PROGOLD LIMITED LIABILITY COM_3

PROGOLD LIMITED LIABILITY COMPANY (Details Narrative)	3 Months Ended
	Mar. 31, 2023
Equity Method Investment, Ownership Percentage Prior to Acquisition	49%
Option Agreement Description	On March 1, 2022, pursuant to an Option Agreement by and between Cargill and American Crystal, and a Consent Agreement by and among the Cooperative, Cargill, and American Crystal, each effective January 1, 2018, Cargill purchased a 50% interest in ProGold LLC from American Crystal, while the Cooperative purchased the remaining 1% of ProGold LLC held by American Crystal.
Equity Method Investment,Ownership Percentage After Acquisition	50%
Percentage of Ownership Acquired	1%
American Crystal [Member]
Equity Method Investment, Ownership Percentage Prior to Acquisition	51%
Equity Method Investment,Ownership Percentage After Acquisition	0%
Cargill [Member]
Equity Method Investment, Ownership Percentage Prior to Acquisition	0%
Equity Method Investment,Ownership Percentage After Acquisition	50%

Schedule of Fair Value of Inves

Schedule of Fair Value of Investments Held to Maturity Based on Level 2 Inputs (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Fair Value	$ 7,077	$ 6,989
Fair Value, Inputs, Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value	7,077	6,989
Corporate Bond Securities [Member]
Schedule of Investments [Line Items]
Fair Value	4,252	4,461
Corporate Bond Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value	4,252	4,461
Fixed Income Funds [Member]
Schedule of Investments [Line Items]
Fair Value	2,492	2,453
Fixed Income Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value	2,492	2,453
Money Market Funds [Member]
Schedule of Investments [Line Items]
Fair Value	333	75
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value	$ 333	$ 75

Schedule of Bond Maturities (De

Schedule of Bond Maturities (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity [Abstract]
Due in 1 year or less	$ 2,234
Due in 2 to 5 years	1,737
Due in 6 to 10 years	351
Total	4,322
Debt Securities, Held-to-Maturity, Fair Value, Maturity [Abstract]
Due in 1 year or less	2,224
Due in 2 to 5 years	1,697
Due in 6 to 10 years	331
Total	$ 4,252

Schedule of Investments Held to

Schedule of Investments Held to Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Amortized Cost	$ 7,397	$ 7,339
Unrealized Gains	1	1
Unrealized Losses	(321)	(351)
Fair Value	7,077	6,989
Corporate Bond Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost	4,310	4,544
Unrealized Gains	1	1
Unrealized Losses	(59)	(84)
Fair Value	4,252	4,461
Fixed Income Funds [Member]
Schedule of Investments [Line Items]
Amortized Cost	2,754	2,720
Unrealized Losses	(262)	(267)
Fair Value	2,492	2,453
Money Market Funds [Member]
Schedule of Investments [Line Items]
Amortized Cost	333	75
Fair Value	$ 333	$ 75

Schedule of Unrealized Loss on

Schedule of Unrealized Loss on Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Fair Value, Less than 12 Months	$ 3,227	$ 3,612
Unrealized Loss, Less than 12 Months	(28)	(68)
Fair Value,More than 12 Months	3,041	2,735
Unrealized Loss, More than 12 Months	(293)	(283)
Corporate Bond Securities [Member]
Schedule of Investments [Line Items]
Fair Value, Less than 12 Months	3,227	3,612
Unrealized Loss, Less than 12 Months	(28)	(68)
Fair Value,More than 12 Months	549	282
Unrealized Loss, More than 12 Months	(31)	(16)
Fixed Income Funds [Member]
Schedule of Investments [Line Items]
Fair Value,More than 12 Months	2,492	2,453
Unrealized Loss, More than 12 Months	$ (262)	$ (267)

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Fair Value of Plan			$ 704,000	$ 910,000
Amount of Benefit Obligation			636,000	$ 718,000
Employer Contributions	$ 0	$ 0	$ 0

REVENUE RECOGNITION (Details Na

REVENUE RECOGNITION (Details Narrative)	3 Months Ended
	Mar. 31, 2023 USD ($) bu Unit $ / bu
Revenue from Contract with Customer [Abstract]
Annual Delivery of Bushels of Corn | bu	15,490,480
Annual Cooperative Fee for Corn Delivery | $	$ 60,000
Number Of Installments | Unit	4
Incentive Payment Per Bushel to Members on Delivery of Corn under Method A	0.10
Agency Fee Per Bushel for Corn Delivered Using Method B	0.02

REVENUE RECOGNITION-Disaggregat

REVENUE RECOGNITION-Disaggregated Revenue (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Corn Revenue	$ 31,283	$ 30,302
Method A
Disaggregation of Revenue [Line Items]
Total	12,800	11,800
Method B
Disaggregation of Revenue [Line Items]
Total	$ 18,500	$ 18,500

DISTRIBUTIONS TO MEMBERS (Detai

DISTRIBUTIONS TO MEMBERS (Details Narrative) - USD ($)	Feb. 24, 2023	Feb. 16, 2022
Equity [Abstract]
Distributions to Members	$ 2,478,477	$ 2,168,667
Distribution to members per outstanding membership unit	$ 0.16	$ 0.14

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,000,000
Line Of Credit Maturity Date	Oct. 16, 2024
Long-Term Line of Credit	$ 0	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	3 Months Ended
	Mar. 31, 2023 USD ($) Unit
Commitments and Contingencies Disclosure [Abstract]
Annual Contractual Payments to Cargill to Arrange for Delivery of The Corn and Other Agency Services | $	$ 60,000
Number Of Installments | Unit	4
Significant Supply Contracts Termination	December 31, 2026