Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2011

Related Party Transactions (Tables) [Abstract]

Income (losses) earned from the Company's equity method investments by entity

(in thousands)	% ownership at September 30, 2011 (direct and	Three months ended September 30,						Nine months ended September 30,
	indirect)	2011			2010			2011		2010
The Andersons Albion Ethanol LLC	50%	$	1,190		$	(177	)	$	3,720	$	3,745
The Andersons Clymers Ethanol LLC	38%		211			(108	)		3,130		4,823
The Andersons Marathon Ethanol LLC	50%		1,868			(2,350	)		4,516		34
Lansing Trade Group, LLC	52%		6,518			1,538			18,030		6,696
Other	7%-33%		(56	)		1			93		178
Total		$	9,731		$	(1,096	)	$	29,489	$	15,476

Company's investment balance in each of its equity method investees by entity

(in thousands)	September 30, 2011		December 31, 2010		September 30, 2010
The Andersons Albion Ethanol LLC	$	31,764	$	31,048	$	30,876
The Andersons Clymers Ethanol LLC		40,318		37,496		37,001
The Andersons Marathon Ethanol LLC		39,445		34,929		33,847
Lansing Trade Group, LLC		75,693		70,143		62,267
Other		1,898		1,733		1,430
Total	$	189,118	$	175,349	$	165,421

Related party transactions executed

(in thousands)	Three months ended September 30,				Nine months ended September 30,
	2011		2010		2011		2010
Sales and service fee revenues	$	183,269	$	119,510	$	611,125	$	353,641
Purchases of product		174,864		108,233		462,988		323,304
Lease income (a)		1,445		1,413		4,112		4,232
Labor and benefits reimbursement (b)		2,730		2,654		8,114		8,053
Other expenses (c)		59		—		104		—
Accounts receivable at September 30 (d)		8,615		15,136
Accounts payable at September 30 (e)		18,857		18,229

(a) Lease income includes the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities as well as certain railcars to the various LLCs and IANR.

(b) The Company provides all operational labor to the ethanol LLCs, and charges them an amount equal to the Company’s costs of the related services.

(c) Other expenses include payments to IANR for repair shop rent and use of their railroad reporting mark.

(d) Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees.

(e) Accounts payable represents amounts due to related parties for purchases of ethanol.