Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

CORPORATE MONTHLY OPERATING REPORT

File with the Court and submit a copy to the United States Trustee within 30 days after the end of the month and submit a copy of the report to any official committee appointed in the case.

REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts	MOR-1a	x
Schedule of Disbursements	MOR-1b	x
Bank Account Information	MOR-1c	x
Copies of bank statements (See Notes to the MOR)			x
Cash disbursements journals (See Notes to the MOR)			x
Statement of Operations (Income Statement)	MOR-2	x
Balance Sheet	MOR-3	x
Status of Post-petition Taxes	MOR-4	x
Copies of IRS Form 6123 or payment receipt (See Notes to the MOR)			x
Copies of tax returns filed during reporting period (See Notes to the MOR)			x
Summary of Unpaid Post-petition Debts (See Notes to the MOR)	MOR-4		x
Listing of Aged Accounts Payable (See Notes to the MOR)			x
Accounts Receivable Reconciliation and Aging (See Notes to the MOR)	MOR-5	x	x
Taxes Reconciliation and Aging (See MOR-7)	MOR-5		x
Payments to Insiders and Professional	MOR-6	x
Post Petition Secured Notes Adequate Protection Payments	MOR-6	x
Debtor Questionnaire	MOR-7	x

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ James Bonsall	1/29/2009
Signature of Authorized Individual*	Date
James Bonsall
Printed Name of Authorized Individual
Chief Restructuring Officer
Title

* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

MOR NOTES

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

GENERAL:

The report includes activity from the following Debtors and related case numbers:

Debtor	Case Number
ASA Albion, LLC	08-12607
ASA Bloomingburg LLC	08-12608
ASA Linden, LLC	08-12609
ASA OpCo Holdings, LLC	08-12610
US Bio Marion LLC	08-12611
US BioEnergy Corporation	08-12612
VeraSun Albert City, LLC	08-12613
VeraSun Aurora Corporation	08-12614
VeraSun BioDiesel, LLC	08-12605
VeraSun Central City, LLC	08-12615
VeraSun Charles City, LLC	08-12616
VeraSun Dyersville, LLC	08-12617
VeraSun Energy Corporation	08-12606
VeraSun Fort Dodge, LLC	08-12618
VeraSun Granite City, LLC	08-12619
VeraSun Hankinson, LLC	08-12620
VeraSun Hartley, LLC	08-12621
VeraSun Janesville, LLC	08-12622
VeraSun Litchfield, LLC	08-12623
VeraSun Marketing, LLC	08-12624
VeraSun Ord, LLC	08-12625
VeraSun Reynolds, LLC	08-12626
VeraSun Tilton, LLC	08-12627
VeraSun Welcome, LLC	08-12628
VeraSun Woodbury, LLC	08-12629

MOR NOTES

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

Notes to MOR-1a:

Cash receipts related to intercompany transfers among the debtor entities are not included in this schedule except transfers of funding from VeraSun Energy Corporation (“VEC”) and ASA OpCo Holdings, LLC (“ASA OpCo”) to subsidiary debtor entities and transfers of payments from VeraSun Marketing, LLC (“VeraSun Marketing”) to other VeraSun legacy debtor entities.

Notes to MOR-1b:

All cash disbursements exclude intercompany transfers among the debtor entities except transfers of funding from VEC and ASA OpCo to subsidiary debtor entities and transfers of payments from VeraSun Marketing to other VeraSun legacy debtor entities.

Notes to MOR-1c:

All amounts listed are the bank balances as of the end of the month.

Notes to MOR-2:

The Statement of Operations (Income Statement) reflects revenue and expenses that directly correspond to the debtor legal entity except VeraSun Tilton, LLC, which does not maintain separate accounting records.

The Statement of Operations (Income Statement) reflects “mark to market” adjustments for corn contracts outstanding at debtor entity facilities that were in “hot idle” rather than production. In certain cases, this resulted in negative “Cost of Goods Sold” for December 2008 as shown on MOR-2.

Any changes to prior period income/expense amounts will be reflected in the current Monthly Operating Report (the “MOR”).

Notes to MOR-3:

The Balance Sheet reflects assets, liabilities, and shareholders’ equity that directly correspond to the debtor legal entity except VeraSun Tilton, LLC, which does not maintain separate accounting records. The accounting records of the parent VEC is land owned by VeraSun Tilton, LLC, carried at approximately $4.3 million.

Certain accruals are recorded monthly at parents VEC, ASA OpCo, and US BioEnergy Corporation and allocated to other debtor entities when paid.

Because the debtor entities file a joint Federal Income Tax return, individual debtor entity balances reflect assets and liabilities that net to the financial statement line on a combined basis.

Intercompany balances subject to compromise and not subject to compromise are shown net by debtor entity.

In accordance with Statements of Financial Accounting Standards 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”, VEC is in process of performing an impairment evaluation of its other identifiable intangible assets and all its long-lived assets as of the end of fiscal 2008 due to factors deemed by management to have constituted an impairment triggering event. Consistent with management’s evaluation during the second and third quarters of fiscal 2008, the triggering event was the declining gross margins leading to substantial net loss and management’s decision to file for voluntary Chapter 11 Bankruptcy protection on October 31, 2008. The impact of this impairment evaluation on the balances that appear on MOR-3, if any, will not be completed in time for inclusion in the filing of the December 31, 2008 MOR.

Any changes to prior period balances will be reflected in the current month MOR.

MOR NOTES

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

Notes to MOR-4:

The tax walk forward reflects both pre-petition and post-petition taxes, and the beginning balance for this MOR (December 31, 2008) reflects accrued taxes as of October 31, 2008.

VEC and related debtors are current on all post petition payments other than disputes that arise in the ordinary course of business transactions.

Notes to MOR-5:

The ending third party accounts receivable balances by debtor legal entity are listed on MOR-3, which balances differ from the Accounts Receivable Aging primarily due to the following: (a) certain aged receivables are included in “Prepaid expenses and other assets” on MOR-3 while (b) accrued sales are recorded on MOR-3 but will not be part of the aging until the subsequent month.

Notes to MOR-6:

Payments to insiders exclude intercompany payments between debtor entities.

Notes to MOR-7:

The debtor entities have made certain payments on account of pre-petition liabilities in accordance with orders of the Bankruptcy Court specifically authorizing payment of certain pre-petition liabilities.

Debtor entities from time to time have sold product to insider CHS, Inc and to its 100% owned subsidiary Provista LLC.

VEC and related debtor entities entered into Debtor-in-possession (DIP) loans and have made required draws against the DIP loans.

MOR-1a

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Schedule of Cash Receipts

(000’s)

TIME PERIOD:                    

12/1/2008 - 12/31/2008                

(see Notes to the MOR related to MOR-1a)

Debtor	Case Number	Cash Receipts
ASA Albion, LLC	08-12607	$	2,113
ASA Bloomingburg LLC	08-12608		2,635
ASA Linden, LLC	08-12609		572
ASA OpCo Holdings, LLC	08-12610		2,013
US Bio Marion LLC	08-12611		125
US BioEnergy Corporation	08-12612		52
VeraSun Albert City, LLC	08-12613		1,500
VeraSun Aurora Corporation	08-12614		20,305
VeraSun BioDiesel, LLC	08-12605		—
VeraSun Central City, LLC	08-12615		191
VeraSun Charles City, LLC	08-12616		13,576
VeraSun Dyersville, LLC	08-12617		179
VeraSun Energy Corporation	08-12606		16,876
VeraSun Fort Dodge, LLC	08-12618		19,602
VeraSun Granite City, LLC	08-12619		—
VeraSun Hankinson, LLC	08-12620		1,577
VeraSun Hartley, LLC	08-12621		14,526
VeraSun Janesville, LLC	08-12622		154
VeraSun Litchfield, LLC	08-12623		—
VeraSun Marketing, LLC	08-12624		50,635
VeraSun Ord, LLC	08-12625		125
VeraSun Reynolds, LLC	08-12626		—
VeraSun Tilton, LLC	08-12627		—
VeraSun Welcome, LLC	08-12628		200
VeraSun Woodbury, LLC	08-12629		3,195
Total Cash Receipts		$	150,150

MOR-1b

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Schedule of Disbursements

(000’s)

TIME PERIOD:

12/1/2008 - 12/31/2008

(see Notes to the MOR related to MOR-1b)

Debtor	Case Number	Disbursements
ASA Albion, LLC	08-12607	$	1,882
ASA Bloomingburg LLC	08-12608		2,359
ASA Linden, LLC	08-12609		2,448
ASA OpCo Holdings, LLC	08-12610		1,066
US Bio Marion LLC	08-12611		2,463
US BioEnergy Corporation	08-12612		64
VeraSun Albert City, LLC	08-12613		2,965
VeraSun Aurora Corporation	08-12614		20,899
VeraSun BioDiesel, LLC	08-12605		—
VeraSun Central City, LLC	08-12615		3,857
VeraSun Charles City, LLC	08-12616		15,604
VeraSun Dyersville, LLC	08-12617		3,674
VeraSun Energy Corporation	08-12606		2,681
VeraSun Fort Dodge, LLC	08-12618		19,330
VeraSun Granite City, LLC	08-12619		—
VeraSun Hankinson, LLC	08-12620		2,107
VeraSun Hartley, LLC	08-12621		16,027
VeraSun Janesville, LLC	08-12622		167
VeraSun Litchfield, LLC	08-12623		—
VeraSun Marketing, LLC	08-12624		4,430
VeraSun Ord, LLC	08-12625		1,388
VeraSun Reynolds, LLC	08-12626		1
VeraSun Tilton, LLC	08-12627		—
VeraSun Welcome, LLC	08-12628		273
VeraSun Woodbury, LLC	08-12629		2,048
Total Disbursements		$	105,734

MOR-1c

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Bank Account Information

(000’s)

Legal Entity	Case No.	Bank and account description	Bank Account No.	Bank Balance
ASA Albion, LLC	08-12607	First National Bank Omaha - O&M	110118507	$	253
ASA Bloomingburg LLC	08-12608	First National Bank Omaha - O&M	110118497		312
ASA Linden, LLC	08-12609	First National Bank Omaha - O&M	110118484		111
ASA OpCo Holdings, LLC	08-12610	First National Bank Omaha - O&M	110118510		1,266
	08-12610	First National Bank Omaha - FSA	110119647		—
	08-12610	First National Bank Omaha - Debt Service	110118617		—
US Bio Marion LLC (b)	08-12611	Wells Fargo O&M	4121595540		—	(a)
	08-12611	Wells Fargo Sweep	4121595540		—	(a)
	08-12611	Bank of America	3755551267		6,243
US BioEnergy Corporation	08-12612	Wells Fargo O&M	4121455620		—	(a)
	08-12612	Wells Fargo Sweep	4121455620		102	(a)
	08-12612	Bank of America	3755551199		215
	08-12612	Bank of America	3755551209		7
VeraSun Albert City, LLC	08-12613	Wells Fargo O&M	4121455646		—	(a)
	08-12613	Wells Fargo Sweep	4121455646		—	(a)
	08-12613	Bank of America	3755551131		838
VeraSun Aurora Corporation	08-12614	First National Bank Omaha - O&M	110197793		2,065
VeraSun BioDiesel, LLC	08-12605	First National Bank Omaha - O&M	110193548		—
VeraSun Central City, LLC	08-12615	Wells Fargo O&M	4121455661		—	(a)
	08-12615	Wells Fargo Sweep	4121455661		—	(a)
	08-12615	Bank of America	3755551144		1,510
VeraSun Charles City, LLC	08-12616	First National Bank Omaha - O&M	110211417		164
VeraSun Dyersville, LLC	08-12617	Wells Fargo O&M	4121455729		—	(a)
	08-12617	Wells Fargo Sweep	4121455729		—	(a)
	08-12617	Bank of America	3755551160		2,241
VeraSun Energy Corporation	08-12606	First National Bank Omaha - O&M	110193438		797
	08-12606	Bank of America Utility Account	3755551429		3,640
	08-12606	Bank of America DIP Account	3755551461		23,390
	08-12606	Bank of America Payroll	3755551241		3
	08-12606	Wilmington Trust	091810-000		0
	08-12606	First Bank & Trust	1081888		6
	08-12606	First National Bank Omaha Money Market	201651766-20		1,538
	08-12606	Morgan Stanley	14-78ER2		5
VeraSun Fort Dodge, LLC	08-12618	First National Bank Omaha - O&M	110118073		782
VeraSun Granite City, LLC	08-12619	First National Bank Omaha - O&M	110211145		0
VeraSun Hankinson, LLC	08-12620	Wells Fargo O&M	4121455703		—	(a)
	08-12620	Wells Fargo Sweep Account	4121455703		—	(a)
	08-12620	Bank of America Account	3755551186		818
VeraSun Hartley, LLC	08-12621	First National Bank Omaha - O&M	110210845		11
VeraSun Janesville, LLC	08-12622	Wells Fargo O&M	4121455711		—	(a)
	08-12622	Wells Fargo Sweep Account	4121455711		—	(a)
	08-12622	Bank of America	3755551173		7
VeraSun Litchfield, LLC	08-12623	NONE	NONE		—
VeraSun Marketing, LLC	08-12624	First National Bank Omaha - Revenue	110203784		65,433
	08-12624	First National Bank Omaha - O&M	110203690		313
	08-12624	Bank of America Transportation Vendor	3755551270		154
	08-12624	Bank of America Marketing Payroll	3755551254		—
VeraSun Ord, LLC	08-12625	Wells Fargo O&M	4121455687		—	(a)
	08-12625	Wells Fargo Sweep	4121455687		—	(a)
	08-12625	Bank of America	3755551157		1,166
VeraSun Reynolds, LLC	08-12626	First National Bank Omaha - O&M	110211404		36
VeraSun Tilton, LLC	08-12627	NONE	NONE		—
VeraSun Welcome, LLC	08-12628	First National Bank Omaha - O&M	110203920		24
VeraSun Woodbury, LLC	08-12629	Wells Fargo O&M	4121455695		—	(a)
	08-12629	Wells Fargo Sweep	4121455695		—	(a)
	08-12629	Bank of America	3755551128		1,937
				$	115,386

(a) Account was officially closed during January 2009 and will not appear on future filed MOR-1c schedules.

(b) Dougherty & Company LLC maintains in its name an escrow account set up to fund construction of the Marion plant. Balance in this escrow a/c at December 31, 2008 was $3.846 million

MOR-2

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Statement of Operations (Income Statement)

(000’s)

Case Number	VeraSun Energy Corporation 08-12606			Aurora 08-12614			Fort Dodge 08-12618			Charles City 08-12616			Bio Diesel 08-12605		Marketing 08-12624			Litchfield 08-12623			Welcome 08-12628			Hartley 08-12621
Net Sales	$	—		$	17,902		$	16,728		$	11,452		$	—	$	79,850		$	—		$	508		$	13,645
Cost of goods sold		647			16,780			16,527			12,111			—		85,967			—			523			15,398
Gross profit (loss)		(647	)		1,121			201			(659	)		—		(6,117	)		—			(15	)		(1,754	)
Selling, general and administrative expenses		2,572			300			300			298			—		1,260			12			430			298
Long-lived asset impairment		—			714			—			1,737			—		—			—			—			—
Operating income (loss)		(3,220	)		107			(99	)		(2,694	)		—		(7,376	)		(12	)		(445	)		(2,051	)
Other income (expense):
Interest expense		(4,260	)		8			—			—			—		—			—			—			—
Interest income		3			—			—			112			—		(6	)		—			—			—
Other income (expense)		—			21			—			—			—		526			—			—			—
Reorganization items, net		(7,551	)		(73	)		(67	)		(67	)		—		(13,941	)		—			—			(67	)
		(11,809	)		(44	)		(67	)		45			—		(13,420	)		—			—			(67	)
Income (loss) before income taxes		(15,028	)		63			(166	)		(2,649	)		—		(20,797	)		(12	)		(445	)		(2,118	)
Income tax expense (benefit)		—			—			—			—			—		—			—			—			—
Net Income (Loss)	$	(15,028	)	$	63		$	(166	)	$	(2,649	)	$	—	$	(20,797	)	$	(12	)	$	(445	)	$	(2,118	)

MOR-2

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Statement of Operations (Income Statement)

(000’s)

Case Number	Granite City 08-12619		Reynolds 08-12626			Opco 08-12610			Linden 08-12609			Albion 08-12607			Bloomingburg 08-12608			VSE-USB Corporate 08-12612			Marion 08-12611			Hankinson 08-12620
Net Sales	$	—	$	—		$	—		$	10,386		$	12,691		$	9,427		$	87		$	(253	)	$	(1,395	)
Cost of goods sold		—		—			—			13,368			14,126			12,122			462			(752	)		(873	)
Gross profit (loss)		—		—			—			(2,982	)		(1,435	)		(2,695	)		(375	)		499			(523	)
Selling, general and administrative expenses		—		25			137			277			282			282			614			291			249
Long-lived asset impairment				1,503			—			—			—			—			261			2,325			—
Operating income (loss)		—		(1,528	)		(137	)		(3,259	)		(1,717	)		(2,976	)		(1,249	)		(2,117	)		(771	)
Other income (expense):
Interest expense		—		—			(1,490	)		(889	)		(869	)		(895	)		(166	)		(580	)		(640	)
Interest income		—		—			—			—			—			—			—			49			—
Other income (expense)		—		—			—			—			3			—			—			—			—
Reorganization items, net		—		—			(313	)		(67	)		(67	)		(67	)		(1,070	)		(121	)		(82	)
		—		—			(1,803	)		(956	)		(932	)		(962	)		(1,235	)		(652	)		(722	)
Income (loss) before income taxes		—		(1,528	)		(1,940	)		(4,215	)		(2,649	)		(3,938	)		(2,485	)		(2,769	)		(1,493	)
Income tax expense (benefit)		—		—			—			—			—			—			(93	)		—			—
Net Income (Loss)	$	—	$	(1,528	)	$	(1,940	)	$	(4,215	)	$	(2,649	)	$	(3,938	)	$	(2,392	)	$	(2,769	)	$	(1,493	)

MOR-2

In re Verasun Energy Corporation et al.
	Case No. (Jointly Administered)	08-12606
	Reporting Period:	December 31, 2008
	Federal Tax I.D. #	20-3430241

Statement of Operations (Income Statement)

(000’s)

Case Number	Albert City 08-12613			Woodbury 08-12629			Central City 08-12615			Ord 08-12625			Dyersville 08-12617			Janesville 08-12622
Net Sales	$	842		$	1,033		$	(273	)	$	152		$	797		$	(4	)
Cost of goods sold		(688	)		(1,894	)		(1,599	)		(739	)		(812	)		(2,403	)
Gross profit (loss)		1,530			2,927			1,327			891			1,609			2,400
Selling, general and administrative expenses		299			255			297			192			284			213
Long-lived asset impairment		2,438			2,031			—			4,326			—			—
Operating income (loss)		(1,206	)		640			1,029			(3,626	)		1,325			2,186
Other income (expense):
Interest expense		(679	)		(318	)		(423	)		(310	)		(595	)		(348	)
Interest income		—			—			0			0			1			—
Other income (expense)		—			—			—			—			—			—
Reorganization items, net		(82	)		(37	)		(75	)		(37	)		(82	)		—
		(761	)		(356	)		(498	)		(348	)		(676	)		(348	)
Income (loss) before income taxes		(1,968	)		285			532			(3,974	)		649			1,838
Income tax expense (benefit)		—			—			—			—			—			—
Net Income (Loss)	$	(1,968	)	$	285		$	532		$	(3,974	)	$	649		$	1,838

MOR-3

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

Case Number	VeraSun Energy Corporation 08-12606			Aurora 08-12614			Fort Dodge 08-12618			Charles City 08-12616			Bio Diesel 08-12605			Marketing 08-12624			Litchfield 08-12623			Welcome 08-12628
Assets
Current Assets
Cash and cash equivalents	$	23,991		$	3		$	14		$	20		$	—		$	65,613		$	—		$	17
Restricted cash		5,179			—			—			—			—			—			—			—
Receivables		—			—			—			—			—			38,942			—			—
Inventories		—			8,256			7,657			7,558			—			40,515			—			1,221
Prepaid expenses and other assets		6,694			2,071			1,169			3,512			—			6,229			—			76
Deferred income taxes		3,728			(735	)		(359	)		(198	)		—			(130	)		—			(4	)
Total current assets		39,591			9,596			8,481			10,892			—			151,169			—			1,309
Other Assets
Other Intangible Assets		—			—			—			—			—			—			—			—
Other Long-Term Assets		2,632			27			—			1,513			—			3,116			—			—
Investment in subsidiaries		1,450,373			—			—			—			—			—			—			—
Total other assets		1,453,005			27			—			1,513			—			3,116			—			—
Property and Equipment, net		7,982			103,126			89,356			129,337			235			313			2,741			206,206
Total Assets	$	1,500,578		$	112,749		$	97,837		$	141,742		$	235		$	154,597		$	2,741		$	207,515
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable		654			3,702			1,857			2,955			—			8,790			—			99
Accrued expenses and other liabilities		17,124			752			364			1,024			—			320			—			158
Debitor in possession financing		176,950			—			—			—			—			—			—			—
Intercompany (receivable)/payable		(37,966	)		(5,111	)		(5,671	)		(919	)		—			70,252			18			746
Total current liabilities		156,762			(657	)		(3,450	)		3,059			—			79,363			18			1,003
Long-Term Liabilities
Deferred income taxes		37,295			23,292			14,328			5,390			(3,722	)		10,448			6,744			(4,841	)
Other long-term liabilities		481			—			—			375			—			—			—			—
Total long-term liabilities		37,776			23,292			14,328			5,765			(3,722	)		10,448			6,744			(4,841	)
Total Liabilities Not Subject to Compromise		194,538			22,634			10,878			8,825			(3,722	)		89,811			6,762			(3,839	)
Liabilities Subject to Compromise		629,370			10,938			4,230			9,656			—			49,809			—			9,327
Intercompany (receivable)/payable Subject to Compromise		(781,156	)		(31,687	)		29,291			148,376			1,497			10,557			12,774			220,428
Total Liabilities Subject to Compromise		(151,786	)		(20,750	)		33,522			158,032			1,497			60,366			12,774			229,755
Total liabilities		42,752			1,885			44,400			166,856			(2,225	)		150,177			19,536			225,917
Shareholders’ Equity
Common Stock		1,581			—			20,924			—			—			—			—			—
Additional paid-in capital		1,406,878			25,263			—			—			—			—			—			—
Retained earnings		49,368			85,601			32,513			(25,114	)		2,459			4,421			(16,795	)		(18,402	)
Total Shareholders’ Equity		1,457,827			110,864			53,436			(25,114	)		2,459			4,421			(16,795	)		(18,402	)
Total Liabilities and Shareholders’ Equity	$	1,500,578		$	112,749		$	97,837		$	141,742		$	235		$	154,597		$	2,741		$	207,515

MOR-3

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

Case Number	Hartley 08-12621			Granite City 08-12619			Reynolds 08-12626			Opco 08-12610			Linden 08-12609			Albion 08-12607			Bloomingburg 08-12608			VSE-USB Corporate 08-12612
Assets
Current Assets
Cash and cash equivalents	$	1		$	—		$	35		$	1,266		$	102		$	245		$	68		$	322
Restricted cash		—			—			—			—			—			—			—			—
Receivables		—			—			—			—			7,927			9,709			7,658			264
Inventories		8,137			—			—			—			4,134			4,217			3,611			—
Prepaid expenses and other assets		2,750			—			2			625			1,653			3,348			580			4,324
Deferred income taxes		(2	)		—			—			—			(164	)		(180	)		(33	)		1,865
Total current assets		10,885			—			37			1,891			13,652			17,339			11,884			6,774
Other Assets
Other Intangible Assets		—			—			—			—			6,374			6,413			6,392			—
Other Long-Term Assets		200			—			—			—			1,189			556			605			741
Investment in subsidiaries		—			—			—			1,837			—			—			—			734,371
Total other assets		200			—			—			1,837			7,563			6,968			6,997			735,112
Property and Equipment, net		199,236			1,760			8,026			—			167,138			170,164			180,389			3,434
Total Assets	$	210,321		$	1,760		$	8,062		$	3,728		$	188,354		$	194,470		$	199,270		$	745,320
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable		2,981			—			23			116			2,122			1,547			1,220			44
Accrued expenses and other liabilities		239			—			—			526			1,962			2,751			1,630			1,514
Debitor in possession financing		—			—			—			7,792			—			—			—			—
Intercompany (receivable)/payable		(1,804	)		(19	)		2			(8,005	)		536			2,402			4,253			(45	)
Total current liabilities		1,416			(19	)		26			429			4,621			6,700			7,103			1,514
Long-Term Liabilities
Deferred income taxes		(7,070	)		(30,115	)		(4,450	)		2,217			(36,111	)		(23,473	)		(26,420	)		6,022
Other long-term liabilities		—			—			—			—			—			—			—			—
Total long-term liabilities		(7,070	)		(30,115	)		(4,450	)		2,217			(36,111	)		(23,473	)		(26,420	)		6,022
Total Liabilities Not Subject to Compromise		(5,654	)		(30,134	)		(4,424	)		2,646			(31,490	)		(16,773	)		(19,317	)		7,536
Liabilities Subject to Compromise		11,072			—			3,718			494			92,930			94,715			93,110			5,073
Intercompany (receivable)/payable Subject to Compromise		231,698			11,172			89,074			(440,302	)		189,019			167,348			183,045			(78,845	)
Total Liabilities Subject to Compromise		242,770			11,172			92,793			(439,808	)		281,949			262,063			276,155			(73,772	)
Total liabilities		237,117			(18,962	)		88,368			(437,162	)		250,459			245,291			256,838			(66,236	)
Shareholders’ Equity
Common Stock		—			—			—			—			—			—			—			648
Additional paid-in capital		—			—			—			439,626			—			—			—			751,266
Retained earnings		(26,795	)		20,722			(80,306	)		1,264			(62,105	)		(50,820	)		(57,568	)		59,642
Total Shareholders’ Equity		(26,795	)		20,722			(80,306	)		440,890			(62,105	)		(50,820	)		(57,568	)		811,556
Total Liabilities and Shareholders’ Equity	$	210,321		$	1,760		$	8,062		$	3,728		$	188,354		$	194,470		$	199,270		$	745,320

MOR-3

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

Case Number	Marion 08-12611			Hankinson 08-12620			Albert City 08-12613			Woodbury 08-12629			Central City 08-12615			Ord 08-12625			Dyersville 08-12617			Janesville 08-12622
Assets
Current Assets
Cash and cash equivalents	$	6,243		$	777		$	837		$	1,924		$	1,500		$	1,107		$	2,242		$	7
Restricted cash		3,846			—			—			—			—			—			—			—
Receivables		169			11			131			606			448			55			159			—
Inventories		4,102			5,223			4,507			1,752			4,372			1,893			4,078			205
Prepaid expenses and other assets		950			2,322			845			124			688			748			1,156			51
Deferred income taxes		—			—			—			—			—			—			—			—
Total current assets		15,310			8,334			6,320			4,406			7,009			3,802			7,634			264
Other Assets
Other Intangible Assets		—			—			—			—			—			—			—			—
Other Long-Term Assets		250			58			390			90			—			—			1,977			—
Investment in subsidiaries		—			—			—			—			—			—			—			—
Total other assets		250			58			390			90			—			—			1,977			—
Property and Equipment, net		146,710			174,932			158,349			62,857			174,865			75,310			172,855			147,843
Total Assets	$	162,270		$	183,323		$	165,059		$	67,353		$	181,874		$	79,112		$	182,465		$	148,106
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable		335			377			468			459			338			71			473			75
Accrued expenses and other liabilities		1,365			511			453			446			1,442			1,440			267			1,132
Debitor in possession financing		—			5,145			4,530			4,327			3,000			1,500			3,000			161
Intercompany (receivable)/payable		(622	)		(4,975	)		(5,582	)		(3,816	)		(2,392	)		396			(1,822	)		142
Total current liabilities		1,079			1,058			(131	)		1,416			2,389			3,407			1,918			1,510
Long-Term Liabilities
Deferred income taxes		(19,043	)		5,853			13,400			6,306			19,604			5,292			4,777			(702	)
Other long-term liabilities		—			—			—			—			—			—			—			—
Total long-term liabilities		(19,043	)		5,853			13,400			6,306			19,604			5,292			4,777			(702	)
Total Liabilities Not Subject to Compromise		(17,964	)		6,911			13,268			7,722			21,992			8,700			6,695			807
Liabilities Subject to Compromise		98,343			97,451			75,070			40,314			85,457			42,859			101,475			89,420
Intercompany (receivable)/payable Subject to Compromise		9,257			8,527			8			820			11,467			(1,787	)		8,057			1,363
Total Liabilities Subject to Compromise		107,600			105,978			75,077			41,135			96,923			41,072			109,533			90,783
Total liabilities		89,636			112,889			88,345			48,857			118,916			49,771			116,228			91,590
Shareholders’ Equity
Common Stock		—			—			—			—			—			—			—			—
Additional paid-in capital		120,899			110,308			110,272			48,119			104,363			57,911			98,480			83,542
Retained earnings		(48,265	)		(39,874	)		(33,559	)		(29,623	)		(41,405	)		(28,570	)		(32,243	)		(27,026	)
Total Shareholders’ Equity		72,634			70,434			76,713			18,496			62,958			29,341			66,237			56,516
Total Liabilities and Shareholders’ Equity	$	162,270		$	183,323		$	165,059		$	67,353		$	181,874		$	79,112		$	182,465		$	148,106

MOR-4

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	December 31, 2008
Federal Tax I.D. #	20-3430241

Status of Post-petition Taxes

(000’s)

Verasun Energy Corporation et al.	Beginning Tax Liability			Amount Withheld or Accrued			Amount Paid		Ending Tax Liability
Payroll taxes	$	0		$	(1,021	)	$	1,021	$	(0	)
Real Estate and Personal Property	$	(3,736	)	$	(3,226	)	$	0	$	(6,962	)
Sales and Use	$	(485	)	$	(192	)	$	85	$	(593	)
Other	$	(390	)	$	(764	)	$	803	$	(351	)
Total Taxes	$	(4,611	)	$	(5,204	)	$	1,909	$	(7,906	)

MOR-5

In re Verasun Energy Corporation et al.

Case No.	08-12606
Reporting Period:	December 31, 2008

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

(000’s)

Accounts Receivable Aging	0-30 Days		31-60 Days		61-90 Days		91+ Days		Total
0 - 30 days old	$	55,482							$	55,482
31 - 60 days old			$	11,722					$	11,722
61 - 90 days old					$	1,381			$	1,381
91+ days old							$	824	$	824
Total Accounts Receivable	$	55,482	$	11,722	$	1,381	$	824	$	69,409

MOR-6

In re Verasun Energy Corporation et al.
	Case No. (Jointly Administered)	08-12606
	Reporting Period:	December 31, 2008
	Federal Tax I.D. #	20-3430241

Payments to Insiders and Professional

(000’s)

Of the total disbursements shown on the Schedule of Disbursements Report (MOR-1b) list the amount paid to insiders (as defined in Section 101(31) (A)-(F) of the U.S. Bankruptcy Code) and to professionals. For payments to insiders, identify the type of compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional sheets if necessary.

Insiders

Name	Amount Paid During Month		Total Paid to Date
Barry Schaps, Senior Vice President, Sales and Logistics	$	4	$	39
Bryan D. Meier, Vice President, Finance and Chief Accounting Officer		21		41
Danny Herron, President and Chief Financial Officer		—		107
Donald L. Endres, Chief Executive Officer and Director		38		77
Joel West, Vice President, Commodity Management		13		29
Mark D. Dickey, Senior Vice President, General Counsel, and Corporate Secretary		23		44
Paul J. Caudill, Senior Vice President, Operations		23		46
Robert L. Antoine, Jr., Senior Vice President, Human Resources		20		40
Virg Garbers, Vice President and Corporate Controller		12		24
William L. Honnef, Senior Vice President, Sales and Marketing and Strategic Initiatives		27		59
CHS, Inc., Shareholder (a)		47		47
Total Payments to Insiders	$	228	$	553

(a) Payment of pre-petition corn sold to Ord.

Professionals

Name	Amount Paid During Month		Total Paid to Date
AP Services, LLP	$	2,063	$	2,063
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
Total Payments to Professionals	$	2,063	$	2,063

Post Petition Secured Notes Adequate Protection Payments

Name of Creditor	Amount Paid During Month		Total Paid to Date
AgStar Financial Services - Albert City	$	1,063	$	1,142
AgStar Financial Services - Central City	$	766	$	1,119
AgStar Financial Services - Dyersville	$	1,460	$	1,460
AgStar Financial Services - Ord	$	391	$	572
AgStar Financial Services - Woodbury	$	237	$	276
AgStar Financial Services - Hankinson	$	895	$	1,015
9 7/8% senior secured notes due 2012	$	5,041	$	5,041
UBS	$	1,337	$	1,337
Dougherty Funding	$	586	$	1,176
First Bank and Trust - Marion	$	0	$	40
Total Payments	$	11,776	$	13,137

MOR-7

In re Verasun Energy Corporation et al.
	Case No. (Jointly Administered)	08-12606
	Reporting Period:	December 31, 2008
	Federal Tax I.D. #	20-3430241

Debtor Questionnaire

	Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.	Yes	No
1	Have any assets been sold or transferred outside the normal course of business this reporting period?		X
2	Have any funds been disbursed from any account other than a debtor in possession account this reporting period?		X
3	Is the Debtor delinquent in the timely filing of any post-petition tax returns?		X
4	Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?		X
5	Is the Debtor delinquent in paying any insurance premium payment?		X
6	Have any payments been made on pre-petition liabilities this reporting period?	X*
7	Are any post petition receivables (accounts, notes or loans) due from related parties?		X
8	Are any post petition payroll taxes past due?		X
9	Are any post petition State or Federal income taxes past due?		X
10	Are any post petition real estate taxes past due?		X
11	Are any other post petition taxes past due?		X
12	Have any pre-petition taxes been paid during this reporting period?		X
13	Are any amounts owed to post petition creditors delinquent?		X
14	Are any wage payments past due?		X
15	Have any post petition loans been received by the Debtor from any party?	X
16	Is the Debtor delinquent in paying any U.S. Trustee fees?		X
17	Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?		X
18	Have the owners or shareholders received any compensation outside of the normal course of business?		X

* The Debtors have made certain payments on account of prepetition liabilities in accordance with orders of the Bankruptcy Court specifically authorizing payment of certain prepetition liabilities.

In re Verasun Energy Corporation et al.
	Case No. (Jointly Administered)	08-12606
	Reporting Period:	December 31, 2008
	Federal Tax I.D. #	20-3430241

If additional information is required for the current or any future Monthly Operating Reports, please send the request to:
	Verasun Energy Corporation
	110 N. Minnesota Ave.
	Suite 300
	Sioux Falls, SD 57104
	Attn: Jim Bonsall