Long-Term Debt Long Term Debt (Tables)

9 Months Ended

Jul. 31, 2013

Statement of Financial Position [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

ong-term debt consists of the following:

	July 31, 2013			October 31, 2012
Granite Falls Energy:
Capital One Equipment Leasing/Finance (GFE):
Shuttlewagon Railcar Mover (5 year term at 3.875%)	$	412,013		$	497,636
Revolving Term Loan (GFE)	4,375,970			4,891,952
Heron Lake BioEnergy:
Term note payable to lending institution (HLBE) (including premium of approximately $1.4m)	18,505,863			—
Assessments Payable (HLBE) (including premium of approximately $223k)	2,981,353			—
Notes payable to electrical company (HLBE)	312,500			—
Corn oil recovery system note payable (HLBE)	750,835			—
Notes payable on pipeline assets (HLBE)	1,123,064			—
Subordinated Debt (HLBE)	1,407,000			—
Total debt	29,868,598			5,389,588
Less: Current Maturities	(3,329,924		)	(114,718		)
Total Long-Term Debt	$	26,538,674		$	5,274,870