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Related-Party Transactions
 3 Months Ended
Oct. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 14. Related-Party Transactions

 

During the third quarters of fiscal years 2024 and 2023, One Earth and NuGen purchased approximately $22.7 million and $32.7 million, respectively, of corn (and other supplies) from minority equity investors and board members of those affiliates. Such purchases totaled approximately $81.7 million and $92.6 million for the nine months ended October 31, 2024 and 2023, respectively. The Company had amounts payable to related parties of approximately $1.2 million and $5.8 million at October, 31, 2024 and January 31, 2024, respectively.

 

During the nine months ended October 31, 2024, $1.5 million was paid to landowners who are minority equity investors of One Earth Energy, for land easements related to the carbon sequestration project. There were no amounts paid to related parties for land easements in the three-month period ended October 31, 2024.