DEBT FACILITIES (Tables)

12 Months Ended

Oct. 31, 2017

DEBT FACILITIES

Schedule of debt financing

	October 31, 2017		October 31, 2016
GRANITE FALLS ENERGY:
Revolving term loan, see terms above.	$	—	$	—
Seasonal loan, see terms above.		—		—
Term note payable to Project Hawkeye, see terms above.		7,500,000		—
HERON LAKE BIOENERGY:
Revolving term loan to lending institution, see terms above.		—		—
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.		1,241,171		1,517,046
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.		56,514		97,930
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.  This note was paid in full in September 2017. The electrical company is a member of HLBE.		—		68,750
Note payable to non-controlling interest member of Agrinatural.  Interest is at One Month LIBOR plus 4.0%, which was approximately 5.24% and 4.53% at October 31, 2017 and 2016, respectively.  The note is considered due on demand with payments due at Agrinatural's Board of Managers' discretion.		100,000		200,000
Totals		8,897,685		1,883,726
Less: amounts due within one year		432,183		490,057
Net long-term debt	$	8,465,502	$	1,393,669

Schedule of annual maturities of debt

2018	$	432,183
2019		408,169
2020		1,398,227
2021		1,391,250
2022		1,071,429
Thereafter		4,196,427
Total debt	$	8,897,685