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Note 12 - Reorganization.	3 Months Ended
Mar. 31, 2012
Reorganization	Note 12. Reorganization. As previously discussed in Note 1, Holdings and Processing were part of a Merger and Reorganization effected on January 3, 2012. The Reorganization and Merger was done entirely among affiliates under common control and no changes in carrying values of assets or liabilities was made or required. The articles of incorporation, bylaws and equity based compensation plans of the Company were amended to reflect the Reorganization. The Company’s ticker symbol “MGPI” was retained with the NASDAQ Stock Market. The Company’s Credit and Security Agreement with Wells Fargo was amended to reflect the Reorganization and Merger. Further, as part of the Reorganization, Processing's 1,414,379 treasury shares were canceled, which also reduced the number of issued shares by 1,414,379, from 19,530,344 shares at December 31, 2011 to 18,115,965 shares at March 31, 2012. The Company accounted for the cancellation of treasury stock as a charge to retained earnings, which reduced both treasury stock and retained earnings by $7,132.

Note 12 - Reorganization.

3 Months Ended

Mar. 31, 2012

Note 12. Reorganization.

As previously discussed in Note 1, Holdings and Processing were part of a Merger and Reorganization effected on January 3, 2012. The Reorganization and Merger was done entirely among affiliates under common control and no changes in carrying values of assets or liabilities was made or required.

The articles of incorporation, bylaws and equity based compensation plans of the Company were amended to reflect the Reorganization. The Company’s ticker symbol “MGPI” was retained with the NASDAQ Stock Market. The Company’s Credit and Security Agreement with Wells Fargo was amended to reflect the Reorganization and Merger.

Further, as part of the Reorganization, Processing's 1,414,379 treasury shares were canceled, which also reduced the number of issued shares by 1,414,379, from 19,530,344 shares at December 31, 2011 to 18,115,965 shares at March 31, 2012. The Company accounted for the cancellation of treasury stock as a charge to retained earnings, which reduced both treasury stock and retained earnings by $7,132.