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Related-Party Transactions
 9 Months Ended
Jun. 30, 2012
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure
Related-Party Transactions

The Company entered into an agreement on January 24, 2006 with the Heart of Iowa Coop , dba Key Cooperative (Key), a member of the Company, to provide 100% of the requirement of corn for use in the operation of the ethanol plant. The agreement may be terminated before the end of the term by providing six months' notice of termination and paying the other party $2,000,000, reduced by $50,000 for each completed year of the agreement.  The Company purchased corn totaling $26,049,305 and $90,508,021 for the three months and nine months ended June 30, 2012.  There were corn purchases of $35,466,965 and $91,196,046 for the three months and nine months ended June 30, 2011. As of June 30, 2012, the Company had several cash corn contracts with Key representing 2,357,379 bushels of corn, for a commitment of $15,418,343.  The contracts mature on various dates through August 2012.  The Company also has made some miscellaneous purchases from Key (storage fees, fuel, and propane costs) amounting to $90,427 and $134,623 for the three months and nine months ended June 30, 2012 , respectively.  There were miscellaneous purchases of $34,094 and $68,570 for the three months and nine months ended June 30, 2011. As of June 30, 2012 the amount due to Key is $1,150,155.

On 4/10/2012, the Company delivered notice to Key to terminate the Amended and Restated Grain Handling Agreement they hold with Key. The termination of the agreement will be six months from the date of the notice, effective October 10, 2012. The Company will begin to originate corn in house at the time of the termination. The Company recorded a termination cost of $1,700,000 as required under the agreement, which was expensed for the quarter ending June 30, 2012. Payments of $425,000 will be made annually over a four year period with interest at the prime rate on the date of termination.

The Company is also purchasing propane from Innovative Ag Services, formerly, Prairie Land Cooperative, a member of the Company.  Total purchases for the three months and nine months ended June 30, 2012 is $1,393 and $19,546, respectively. Total purchases for the three months and nine months ended June 30, 2011 is $580 and $15,003, respectively.  As of June 30, 2012 there is $450 due to Innovative Ag Services.