CONCENTRATIONS

12 Months Ended

Dec. 31, 2020

Risks and Uncertainties [Abstract]

CONCENTRATIONS

CONCENTRATIONS

Significant customers.  For 2020, 2019, and 2018, the Company had no sales to an individual customer that accounted for more than 10 percent of consolidated sales.  During the years 2020, 2019, and 2018, the Company’s ten largest customers accounted for approximately 37 percent, 39 percent, and 40 percent of consolidated sales, respectively.

Significant suppliers. For 2020, the Company had purchases from two grain suppliers that approximated 30 percent of consolidated purchases. In addition, the Company’s ten largest suppliers, accounted for approximately 65 percent of consolidated purchases.

For 2019, the Company had purchases from two grain suppliers that approximated 31 percent of consolidated purchases. In addition, the Company’s ten largest suppliers accounted for approximately 66 percent of consolidated purchases.

For 2018, the Company had purchases from two grain suppliers that approximated 29 percent of consolidated purchases.  The Company also purchased food grade alcohol from Pacific Ethanol of approximately 12 percent of consolidated purchases. In addition, the Company’s ten largest suppliers, including these three suppliers, accounted for approximately 68 percent of consolidated purchases.