v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Net income $ 12,942,560 $ 21,762,573 $ 71,109,225
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 9,840,563 6,521,980 5,834,248
Net (gain) loss recognized on derivative instruments (6,998,996) 1,065,204 (24,864,543)
Loss (gain) on sale of property and equipment (113,575) 68,659 152,085
Non-cash patronage dividends (184,891) (59,702) (32,313)
Change in current operating assets and liabilities (54,404,542) 29,036,548 76,691,589
Net cash provided by (used in) operating activities (38,918,881) 58,395,262 128,890,291
Investing activities      
Increase in other assets (326,685) (319,500) (240,250)
Proceeds from sales of property and equipment 117,000 14,573 293,903
Purchase of property and equipment (202,159,959) (175,696,571) (104,268,256)
Net cash used in investing activities (202,369,644) (176,001,498) (104,214,603)
Financing activities      
Change in excess of outstanding checks over bank balances 5,740,829 (2,755,630) (2,775,992)
Proceeds from (Repayments of) Lines of Credit 27,372,787 0 (138,165)
Proceeds from issuance of capital units 0 57,497,500 98,077,500
Distributions paid to members (7,672,273) (39,534,950) (36,493,800)
Payments for debt issuance costs (15,973) (132,071) (2,452,250)
Proceeds from long-term debt 215,423,320 69,215,135 22,706,726
Principal payments on long-term debt (30,801,622) 0 (31,556,070)
Net cash provided by financing activities 210,047,068 84,289,984 47,367,949
Net change in cash and cash equivalents (31,241,457) (33,316,252) 72,043,637
Cash and cash equivalents, beginning of year 39,594,084 72,910,336 866,699
Cash and cash equivalents, end of year 8,352,627 39,594,084 72,910,336
Supplemental disclosures of cash flow information      
Interest, net of capitalized interest 4,292,434 5,946,675 2,136,804
Noncash investing and financing activities:      
Soybean meal contributed as investment 366,112 3,170,307 1,436,420
Capital Expenditures Incurred but Not yet Paid $ 16,503,930 $ 15,719,699 $ 0