Related-Party Transactions

6 Months Ended

Jul. 31, 2022

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

Note 14. Related-Party Transactions

During the second quarters of fiscal years 2022 and 2021, One Earth and NuGen purchased approximately $35.3 million and approximately $20.7 million, respectively, of corn (and other supplies) from minority equity investors and board members of those subsidiaries. Such purchases totaled approximately $66.1 million and approximately $37.4 million for the six months ended July 31, 2022 and 2021, respectively. The Company had amounts payable to related parties of approximately $0.6 and approximately $0.5 million at July 31, 2022 and January 31, 2022, respectively.

During the three and six months ended July 31, 2021 the Company recognized commission expense of approximately $0.2 million, payable to the minority investor in the refined coal entity. The commission expense is associated with the refined coal business which is classified within discontinued operations.