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Segment Information
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s operations include four reportable business segments that are distinguished primarily on the basis of products and services offered. The Trade business includes commodity merchandising and the operation of terminal grain elevator facilities. The Ethanol business produces ethanol through its five co-owned and fully consolidated ethanol production facilities as well as purchases and sells ethanol and ethanol co-products. The Plant Nutrient business manufactures and distributes agricultural inputs, primarily fertilizer, to dealers and farmers, along with turf care and corncob-based products. Rail operations include the leasing, marketing and fleet management of railcars and other assets, railcar repair and metal fabrication. The Other category includes other corporate level costs not attributable to an operating segment. In January 2020, the Company moved its Lansing Vermont DDG business from the Trade group to the Ethanol group as part of internal restructuring efforts. Prior year results have been recast to reflect this change.

The segment information below includes the allocation of expenses shared by one or more operating segments. Although management believes such allocations are reasonable, the operating information does not necessarily reflect how such data might appear if the segments were operated as separate businesses. Inter-segment sales are made at prices comparable to normal, unaffiliated customer sales. The Company does not have any customers who represent 10 percent or more of total revenue.
 Three months ended June 30,Six months ended June 30,
(in thousands)2020201920202019
Revenues from external customers
Trade$1,351,168  $1,700,581  $2,729,209  $3,238,267  
Ethanol223,745  310,867  536,784  580,033  
Plant Nutrient279,825  270,577  404,738  399,102  
Rail35,442  43,016  72,555  84,431  
Total$1,890,180  $2,325,041  $3,743,286  $4,301,833  
 Three months ended June 30,Six months ended June 30,
(in thousands)2020201920202019
Inter-segment sales
Trade$432  $631  $1,040  $812  
Plant Nutrient635  1,274  1,523  1,294  
Rail1,388  771  2,993  2,046  
Total$2,455  $2,676  $5,556  $4,152  
 Three months ended June 30,Six months ended June 30,
(in thousands)2020201920202019
Income (loss) before income taxes, net of noncontrolling interests
Trade$393  $22,631  $(9,591) $4,729  
Ethanol868  3,749  (23,108) 6,760  
Plant Nutrient19,407  15,903  18,215  11,974  
Rail2,606  3,180  3,613  7,492  
Other(5,035) (4,578) (10,015) (9,505) 
Income (loss) before income taxes, net of noncontrolling interests18,239  40,885  (20,886) 21,450  
Net loss attributable to noncontrolling interests(10,407) (477) (23,856) (632) 
Income (loss) before income taxes$7,832  $40,408  $(44,742) $20,818  

(in thousands)June 30, 2020December 31, 2019June 30, 2019
Identifiable assets
Trade$1,515,817  $2,012,060  $2,057,305  
Ethanol642,394  690,548  361,522  
Plant Nutrient342,690  383,781  381,924  
Rail656,573  693,931  657,617  
Other146,515  120,421  113,491  
Total$3,303,989  $3,900,741  $3,571,859