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Debt Facilities (Tables)
 12 Months Ended
Oct. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt consists of the following:

 

 

 

 

 

 

 

 

 

 

 

October 31, 2016

 

October 31, 2015

 

GRANITE FALLS ENERGY:

 

 

 

 

 

 

 

Revolving Term Loan

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

HERON LAKE BIOENERGY:

 

 

 

 

 

 

 

Revolving term note payable to lending institution, see terms above.

 

 

 —

 

 
4,822,777

 

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. HLBE made deposits for one years' worth of debt service payments of approximately $364,000, which is included with other assets that are held on deposit to be applied with the final payments of the assessment.

 

 
1,517,046

 

 
1,775,828

 

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.

 

 

 —

 

 
51,199

 

Assessment payable as part of water supply agreement, due in monthly installments of $3,942 with interest at 8.73%, enforceable by statutory lien.

 

 
97,930

 

 
136,378

 

Note payable to electrical company with monthly payments of $6,250 with interest at 0.00% and a 1.00% maintenance fee due each October, due September 2017. The electrical company is a member of HLBE.

 

 
68,750

 

 
143,750

 

Note payable to non-controlling interest member of Agrinatural.  Interest is at One Month LIBOR plus 4.0%, which was approximately 4.53% and 4.19% at October 31, 2016 and 2015, respectively.  The note is considered due on demand with payments due at Agrinatural's Board of Managers' discretion.

 

 
200,000

 

 
300,000

 

Totals

 

 
1,883,726

 

 
7,229,932

 

Less: amounts due within one year

 

 
490,057

 

 
517,957

 

Net long-term debt

 

$
1,393,669

 

$
6,711,975

 

 

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

Estimated maturities of long-term debt at October 31, 2016 are as follows:

 

 

 

 

 

 

2016

    

$
490,057

 

2017

 

 
432,183

 

2018

 

 
319,139

 

2019

 

 
326,798

 

2020

 

 
315,549

 

Total debt

 

$
1,883,726