XML 60 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
DEBT FACILITIES (Details) - USD ($)
12 Months Ended
Sep. 08, 2017
Aug. 02, 2017
Nov. 01, 2016
Oct. 31, 2017
Oct. 31, 2016
Oct. 31, 2015
Feb. 28, 2015
Aug. 31, 2014
Line of Credit Facility                
Savings collateral       $ 75,189        
Proceeds from long-term debt       7,500,000 $ 9,820,222 $ 13,440,989    
Revolving Term Loan | Granite Falls Energy, LLC Excluding Heron Lake BioEnergy, LLC                
Line of Credit Facility                
Credit facility maximum               $ 18,000,000
Line of credit future reduction amounts       2,000,000        
Amounts outstanding under the credit facility $ 0              
Seasonal Revolving Loan | Granite Falls Energy, LLC Excluding Heron Lake BioEnergy, LLC                
Line of Credit Facility                
Credit facility maximum $ 6,000,000              
Amounts outstanding under the credit facility       0        
Unused borrowing capacity       $ 6,000,000        
Interest rate (as a percent)       3.99%        
Savings collateral       $ 0        
Revolving term note payable to lending institution | Heron Lake BioEnergy, LLC                
Line of Credit Facility                
Credit facility maximum             $ 28,000,000  
Line of credit future reduction amounts       3,500,000        
Amounts outstanding under the credit facility       0 0      
Unused borrowing capacity       $ 17,500,000 $ 21,000,000      
Interest rate (as a percent)       4.49% 3.45%      
Remaining borrowing capacity       $ 17,500,000        
Line of credit unused commitment fee (as a percent)       0.50%        
Project Hawkeye Loan | Granite Falls Energy, LLC Excluding Heron Lake BioEnergy, LLC                
Line of Credit Facility                
Credit facility maximum   $ 7,500,000            
Interest rate (as a percent)       4.29%        
Interest rate floor (as a percent)   3.55%            
Maximum period of interest payments   2 years            
Debt instrument amortization period after first two years   7 years            
One Month LIBOR | Seasonal Revolving Loan | Granite Falls Energy, LLC Excluding Heron Lake BioEnergy, LLC                
Line of Credit Facility                
Spread above variable interest rate 2.75%              
One Month LIBOR | Revolving term note payable to lending institution | Heron Lake BioEnergy, LLC                
Line of Credit Facility                
Spread above variable interest rate       3.25%        
One Month LIBOR | Project Hawkeye Loan | Granite Falls Energy, LLC Excluding Heron Lake BioEnergy, LLC                
Line of Credit Facility                
Spread above variable interest rate   3.05%            
Ringneck Energy and; Feed, LLC | Granite Falls Energy, LLC Excluding Heron Lake BioEnergy, LLC                
Line of Credit Facility                
Units purchased     1,500          
Ringneck Energy and; Feed, LLC | Project Hawkeye Loan | Granite Falls Energy, LLC Excluding Heron Lake BioEnergy, LLC                
Line of Credit Facility                
Units purchased       1,500        
Proceeds from long-term debt       $ 7,500,000