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Inventories | 12 Months Ended
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Aug. 31, 2019
Inventory Disclosure [Abstract] |
Inventories | Inventories Inventories as of August 31, 2019 and 2018, are as follows:
| 2019 |  | 2018
| (Dollars in thousands)
Grain and oilseed | $ | 1,024,645 |  |  | $ | 1,298,522 |
Energy | 717,378 |  |  | 737,639 |
Agronomy | 954,037 |  |  | 560,675 |
Processed grain and oilseed | 109,900 |  |  | 99,426 |
Other | 48,328 |  |  | 72,387 |
Total inventories | $ | 2,854,288 |  |  | $ | 2,768,649 |
As of August 31, 2019 and 2018, we valued approximately 16% of inventories, primarily crude oil and refined fuels within our Energy segment, using the lower of cost, determined on the LIFO method, or net realizable value. If the FIFO method of accounting had been used, inventories would have been higher than the reported amount by $215.0 million and $345.0 million as of August 31, 2019 and 2018, respectively. Inventory previously classified as feed and farm supplies inventory represented non-grain and oilseed inventories held at our country operations locations. During fiscal 2019, these inventories were reclassified to better align with their underlying inventory types, primarily agronomy and energy inventories. Prior year feed and farm supply inventory amounts have been reclassified as agronomy, energy and other inventories in the amounts of $314.4 million, $22.4 million and $55.1 million, respectively.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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