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

 

 

 

 

 

 

 

 

 

 

January 31, 2016

 

October 31, 2015

 

HERON LAKE BIOENERGY:

 

 

(unaudited)

 

 

 

 

Revolving term loan to lending institution, see terms below

 

$

5,776,421

 

$

4,822,777

 

Assessments payable

 

 

1,954,059

 

 

1,963,405

 

Note payable to electrical company

 

 

125,000

 

 

143,750

 

Note payable to noncontrolling interest member of Agrinature

 

 

266,000

 

 

300,000

 

Totals

 

 

8,121,480

 

 

7,229,932

 

Less amounts due within one year

 

 

584,674

 

 

517,957

 

Net long-term debt

 

$

7,536,806

 

$

6,711,975

 

 

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

Estimated annual maturities of debt at January 31, 2016, are as follows based on the most recent debt agreements:

 

 

 

 

 

 

2016

    

$

584,674

 

2017

 

 

462,086

 

2018

 

 

333,015

 

2019

 

 

307,709

 

2020

 

 

326,798

 

After 2020

 

 

6,107,198

 

Total debt

 

$

8,121,480