Related Parties

6 Months Ended

Jun. 30, 2020

In the ordinary course of business and on an arms-length basis, the Company will mainly enter into related party transactions with the minority shareholders of the Company's ethanol operations and several equity method investments that the Company holds, along with other related parties.

The following table sets forth the related party transactions entered into for the time periods presented:


	Three months ended June 30,						Six months ended June 30,
(in thousands)	2020		2019		2020		2019
Sales revenues	$	29,659	$	57,854	$	84,353	$	119,022
Service fee revenues (a)	—		4,052		—		8,163
Purchases of product and capital assets	6,419		176,442		21,996		345,671
Lease income (b)	151		1,645		298		3,309
Labor and benefits reimbursement (c)	—		3,602		—		7,460

(a)Service fee revenues include management fees, corn origination fees, ethanol and distillers dried grains (DDG) marketing fees, and other commissions. These revenues are now eliminated in consolidation as a result of the TAMH merger.

(b)Lease income includes certain railcars leased to related parties and the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities from the prior period and are now eliminated in consolidation as a result of the TAMH merger.

(c)Prior to the TAMH merger the Company provided all operations labor to the unconsolidated ethanol LLCs and charged them an amount equal to the Company's costs of the related services for the prior periods.


(in thousands)	June 30, 2020		December 31, 2019		June 30, 2019
Accounts receivable (d)	$	7,332	$	10,603	$	19,515
Accounts payable (e)	2,598		12,303		24,700

(d)Accounts receivable represents amounts due from related parties for the sale of ethanol and other various items.

(e)Accounts payable represents amounts due to related parties for purchases of ethanol equipment and other various items.