Revolving Line of Credit & Long Term Debt Long Term Debt (Tables)

12 Months Ended

Oct. 31, 2013

Debt Instrument [Line Items]

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

stimated maturities of long-term debt at October 31, 2013 are as follows: 

2014	$	3,490,808
2015	2,846,762
2016	21,602,578
2017	522,563
2018	7,022,813
After 2018	987,239
Total long-term debt	$	36,472,763

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

Long-term debt consists of the following:

	October 31, 2013		October 31, 2012
GRANITE FALLS ENERGY:
Capital One Shuttlewagon Railcar Mover (5 year term at 3.875%, due in monthly installments of $10,995)	$	382,918	$	497,636
Revolving Term Loan	2,513,674		4,891,952
HERON LAKE BIOENERGY:
Term note payable to lending institution (including premium of approximately $1.74m)	18,317,800		—
Revolving term note payable to lending institution (including premium of approximately $283k)	6,263,158		—
Assessment payable as part of water treatment agreement, due in semi-annual installments of $189,393 with interest at 6.55%, enforceable by statutory lien, with the final payment due in 2021. The Company made deposits for one years' worth of debt service payments that are held on deposit to be applied with the final payments of the assessment.	2,246,771		—
Assessment payable as part of water treatment agreement, due in semi-annual installments of $25,692 with interest at 0.50%, enforceable by statutory lien, with the final payment due in 2016.	152,698		—
Assessment payable as part of water supply agreement, due in monthly installments of $3,942 with interest at 8.73%, enforceable by statutory lien, with the final payment due in 2019.	205,209		—
Note payable to electrical company with monthly payments of $6,250 with a 1% maintenance fee due each October, due September 2017. The electrical company is a member of the Company.	293,750		—
Note payable to a lending institution for the construction of the pipeline assets initially due in December 2011, converted in February 2012 to a term loan with a three year repayment period. Interest is at 5.29% and the note, along with the line of credit in Note 8, is secured by substantially all assets of Agrinatural.	1,013,132		—
Note payable to noncontrolling interest member of Agrinatural. Interest is at 5.425%, with a maturity date of October 2014.	300,000		—
Equipment payable on corn oil separation equipment from a vendor. The Company pays approximately $40,000 per month conditioned upon revenue generated from the corn oil equipment. The monthly payment includes implicit interest of 5.57% until maturity in May 2015 and the note is secured by the equipment.	640,653		—
Subordinated Convertible Debt with interest of 7.25% paid on a semi-annual basis.	4,143,000		—
Totals	36,472,763		5,389,588
Less amounts due within one year	3,490,808		114,718
Net long-term debt	$	32,981,955	$	5,274,870