Fair Value FMV (Tables)

12 Months Ended

Oct. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The acquisition date fair value of the consideration transferred consisted of the following:

Cash	$	8,000,000
Note payable	4,024,500
Assumption of note payable to Granite Falls Bank	5,000,000
Total Consideration	$	17,024,500

The following table provides information on those derivative assets measured at fair value on a recurring basis at October 31, 2013:

	Carrying Amount in Balance Sheet October 31, 2013			Fair Value October 31, 2013			Fair Value Measurement Using
							Quoted Prices in Active Markets (Level 1)			Significant Other Observable Inputs (Level 2)		Significant unobservable inputs (Level 3)
Financial Liabilities:
Derivative Instruments	$	(75,113	)	$	(75,113	)	$	(75,113	)	$	—	$	—

The following table provides information on those derivative assets measured at fair value on a recurring basis at October 31, 2012:

	Carrying Amount in Balance Sheet October 31, 2012			Fair Value October 31, 2012			Fair Value Measurement Using
							Quoted Prices in Active Markets (Level 1)			Significant Other Observable Inputs (Level 2)		Significant unobservable inputs (Level 3)
Financial Liabilities:
Derivative Instruments	$	(45,563	)	$	(45,563	)	$	(45,563	)	$	—	$	—