| Schedule of Long-Term Debt Instruments [Table Text Block] |
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Long-term debt is as follows:
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|
2025
|
|
|
2024
|
|
| |
|
|
|
|
|
|
|
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Secured five-year reducing credit facility to CoBank, ACB, in quarterly installments of $781,250 (beginning on June 30, 2026) and quarterly installments of $1,562,500 (beginning on June 30, 2028), and a balloon payment of $112,500,000 at maturity of this note on June 21, 2029, plus a notional variable rate of interest through June 21, 2029.
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|
$ |
125,000,000 |
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|
$ |
125,000,000 |
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|
Secured five-year revolving credit facility of up to $30,000,000 to CoBank, ACB, plus a notional variable rate of interest through June 21, 2029.
|
|
|
21,113,839 |
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|
|
18,500,823 |
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|
Less: Unamortized Loan Fees
|
|
|
(1,991,497 |
) |
|
|
(2,551,751 |
) |
| |
|
|
144,122,342 |
|
|
|
140,949,072 |
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|
Less: Amount due within one year, net of unamortized loan fees
|
|
|
(1,884,184 |
) |
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|
- |
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Total Long Term Debt
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|
$ |
142,238,158 |
|
|
$ |
140,949,072 |
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|