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Commitments | 12 Months Ended
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Jan. 31, 2019
Disclosure Text Block Supplement [Abstract] |
Commitments Disclosure [Text Block] |
| 13. | COMMITMENTS
One Earth and NuGen have combined forward purchase contracts for approximately 13.0 million bushels of corn, the principal raw material for their ethanol plants. They expect to take delivery of a majority of the corn through June 2019. One Earth and NuGen have combined sales commitments for approximately 32.3 million gallons of ethanol, 88,000 tons of distillers grains and 18.2 million pounds of non-food grade corn oil. They expect to deliver the ethanol, distillers grains and corn oil through March 2019. One Earth has entered into an agreement with an unrelated party for the use of a portion of the party’s natural gas pipeline. The term of the agreement is 10 years, and the amount is $4,380,000, which is paid over 120 equal monthly installments of $36,500 beginning in February 2009. A 15 year agreement, with monthly payments of $29,250 will be effective February 1, 2019. One Earth paid approximately $438,000 pursuant to the agreement in each of fiscal years 2018, 2017 and 2016. One Earth and NuGen have entered into agreements with unrelated parties for the lease of railcars used to ship ethanol and distillers grains. These leases expire on various dates through February 1, 2025. One Earth and NuGen pay a monthly lease amount per railcar. One Earth and NuGen incurred combined expenses of approximately $8,109,000, $8,600,000 and $8,515,000 pursuant to the leases in fiscal years 2018, 2017 and 2016, respectively. One Earth and NuGen each have a contract with an unrelated party (“Distillers Grains Marketers”) for distillers grains marketing services. Under the terms of the contracts, the Distillers Grains Marketers will purchase all of One Earth’s and NuGen’s distillers grains production during the term of the contracts. The contracts call for One Earth and NuGen to pay a fee per ton of distillers grains for the Distillers Grains Marketers’ services. The terms of the agreements are for one year and shall renew automatically for additional one year terms, unless either party sends notice to the other party of its intent to terminate the agreement at least 90 days prior to the expiration of the then current term of the agreement. One Earth and NuGen combined incurred fees of approximately $1,250,000, $1,354,000 and $1,194,000 in fiscal years 2018, 2017 and 2016, respectively, for these marketing services. One Earth has a grain origination agreement with a minority equity owner, under which it purchased 100% of its grain during fiscal years 2018, 2017 and 2016. Pursuant to this agreement, One Earth pays a procurement fee per bushel. The agreement expires December 31, 2020, and can be terminated prior to the expiration date if either party provides 180 days written notice. The agreement automatically renews for additional one year terms, unless either party sends notice to the other party of its intent to terminate the agreement at least 180 days prior to the expiration of the then current term of the agreement. The refined coal entity has various agreements (site license, operating agreements, etc.) containing payment terms based upon production of refined coal under which the Company is required to pay various fees. These fees totaled approximately $9.9 million and $5.5 million in fiscal years 2018 and 2017, respectively.

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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