EXHIBIT 21
SUBSIDIARIES OF REX AMERICAN RESOURCES CORPORATION
| Name | State of Incorporation or Organization | |
| Alistar Enterprises, LLC(1) | Delaware | |
| AVA Acquisition Corp. | Delaware | |
| REX Management, Inc.(2) | Ohio | |
| Rex Acquisition, LLC(3) | Ohio | |
| REX Carbon, LLC | Ohio | |
| REX IP, LLC | Ohio | |
| REX Marketing Group, LLC(4) | Ohio | |
| RRC1, LLC(5) | Ohio | |
| Farmers Energy Incorporated | Delaware | |
| Farmers Energy Big River Holding, LLC(6) | Ohio | |
| Farmers Energy Big River, LLC(7) | Ohio | |
| Farmers Energy One Earth Holding, LLC(6) | Ohio | |
| Farmers Energy One Earth, LLC(7) | Ohio | |
| One Earth Energy, LLC(8) | Illinois | |
| One Earth Sequestration, LLC(9) | Illinois | |
| FEI Investment Incorporated | Delaware | |
| Future Energy, LLC(10) | Ohio | |
| FE-II, LLC(11) | Ohio | |
| REX NuGen Holding, LLC(6) | South Dakota | |
| REX NuGen, LLC(7) | South Dakota | |
| NuGen Energy, LLC(8) | South Dakota |
| (1) | Wholly-owned subsidiary of RRC1, LLC |
| (2) | Wholly-owned subsidiary of AVA Acquisition Corp. |
| (3) | Wholly-owned subsidiary of REX Management, Inc. |
| (4) | Non-operating or inactive subsidiary. |
| (5) | AVA Acquisition Corp. owns a 95.35% percentage interest. |
| (6) | First-tier wholly-owned subsidiary of Farmers Energy Incorporated. |
| (7) | Second-tier wholly-owned subsidiary of Farmers Energy Incorporated. |
| (8) | Third-tier majority-owned subsidiary of Farmers Energy Incorporated. |
| (9) | Fourth-tier majority-owned subsidiary of Farmers Energy Incorporated. |
| (10) | Majority-owned subsidiary of REX IP, LLC. |
| (11) | Wholly-owned subsidiary of Future Energy, LLC. |