Grain Elevator Manual

Cost Schedule

Revised - January, 2009 Created - December, 2004

A joint effort of the Agricultural Committee of the MAAO and the Property Tax Division of the Minnesota Department of Revenue

Table of Contents Pg. Introduction and Maps Section A Grain elevator cost schedule ...... A.1 Physical deterioration ...... A.2 Functional obsolescence ...... A.3 Economic obsolescence ...... A.4 MN Biofuel Processing Plant Cities ...... A.5 Map Of Ethanol Facilities In MN ...... A.6 MN Border States Biofuel Processing Plant Cities ...... A.7 United States Processing Plant Maps ...... A.8 Ethanol: Production, Consumption & Economic Impact ...... A.9 Ethanol: Economic Impact ...... A.10 Ethanol: Corn Utilization ...... A.11 MN Shuttle Elevator Cities ...... A.12

Cost Schedules Section B Wood crib grain elevator ...... B.1 Pricing Example ...... B.2 Concrete grain elevators ...... B.3 Concrete Grain elevators (no head house) ...... B.4 Steel grain complex ...... B.5

Section C Steel hopper bins ...... C.1 Corrugated steel grain bins ...... C.3

Section D Feed mill wood construction ...... D.1 Feed mill concrete and steel construction ...... D.2

Section E Dry Mill Process ...... E.1 Dry Mill Plant Layout ...... E.3 Ethanol Plants ...... E.5 Dry Mill Structures Values ...... E.6 Wet Mill Plants ...... E.8

Section F Soybean Processing Plants ...... F.1

Section G Grain storage buildings ...... G.1 Bulk head / Bunkers / Grain liners ...... G. 2

Table of Contents

Table of Contents (cont) Pg.

Section H Fertilizer plants ...... H.1

Section I

Anhydrous (NH3)/Liquid Propane (LP) storage tanks ...... I.1 Stainless steel / poly tanks / concrete dike walls for herbicides ...... I.2

Section J Railroad siding schedule ...... J.1

Section K Exempt machinery and equipment ...... K.1

Appendices Section L - Appendices Appendix A: Field checklist ...... L.1 Appendix B: Glossary ...... L.3 Appendix C: Ethanol Glossary ...... L.5 Appendix D: Minnesota Railroad and Mileage ...... L.6 Appendix E: Railroad Maps ...... L.7 Appendix F: Minnesota Railroads Websites ...... L.8 Appendix G: Minnesota Railroads - Rail Car Weight and Capacity ...... L.9 Appendix H: Ethanol Contacts ...... L.10 Appendix I: Biodiesel Contacts ...... L.12 Appendix J: Shuttle Elevator Contacts ...... L.13

Table of Contents

GRAIN ELEVATOR COST SCHEDULE

The following schedule provides replacement a grain processor. Minimal 1 - 2 through puts cost information to be used as a guide in are common with country elevators. They do estimating the cost new for grain elevators. not handle large volumes of grain; typically The costs reflected are 100 percent; therefore between 500 to 5,000 bushels per hour. The it may be necessary to adjust to the local level construction is lighter than a terminal elevator of assessment. and is wood cribbed or concrete. There may be other profit centers associated with a Acknowledgments are given to Vanguard country elevator such as a feed mill, farm Appraisals, Inc. of Cedar Rapids, Iowa and supplies store, fuel sales and/or fertilizer Marshall-Swift Valuation Services of Los plant. The predominant mode of Angeles, CA, in development of some of the transportation is either by truck or rail. There cost schedules. are some typical disadvantages found in Although replacement cost new can be country elevators as opposed to terminal estimated with reasonable accuracy for grain elevators. For example, labor costs are elevators, estimating the amount of accrued generally higher as there is not as much depreciation can be far more difficult. automation within the facilities. In many Changes in the industry in the last ten years cases, the annex bins require additional labor and outside competition have caused many due to lack of automation in loading and/or grain elevator operations to suffer from unloading. Round steel bins may also be functional and/or economic obsolescence. The found in a country elevator operation. These current emphasis is on facilities that provided bins are intended to be emptied seasonally, greater cost-efficiency and lower and if there is no permanent loading or transportation costs. Some discussion and unloading some functional obsolescence examples of physical deterioration, functional should be recognized. Refer to pages 5 and 6 obsolescence and economic obsolescence will for functional and economic obsolescence. be provided. A terminal grain elevator purchases its grain There are different types of grain handling from country elevators or directly from the and storage facilities. It is necessary to farmer. Grain is then sold directly to grain distinguish between these types in the highest processors or exporters. Typical types of and best use analysis. Factors that cause terminal elevators may include unit-train and economic and functional obsolescence may river barge. Major modes of transportation are not be the same. The type of grain elevator is by rail, truck or barge depending upon the identified by function, not physical type of terminal elevator. Handling speeds are characteristics. As with any appraisal, the first greater than a country terminal and typically step is the analysis and determination of the range from 10,000 bushels per hour to 30,000 highest and best use of the subject property. bushels per hour. Construction is heavier, has This is critical in order to put the appraiser in faster handling speeds, and typically is the right market in the data collection process reinforced concrete. and provides essential information in determining functional and/or economic obsolescence. There are two major types of grain elevator operations: country and terminal.

A country elevator generally buys grain directly from an individual farm operation and resells to a terminal elevator or directly to

12/04 Section A page 1

PHYSICAL DETERIORATION

Physical deterioration refers to the general maintenance and recognizes only physical wear and tear of building components. The deterioration; therefore, it may be necessary greater the amount of physical deterioration, to consider further allowances for functional the less utility is provided by the buildings. and/or economic obsolescence. It cannot be Although there is no specific percent that emphasized too strongly that this is only a can be used for all grain elevator operations, guide and is not meant to be a substitute for the following is a suggested guide. This the appraiser's judgment based on an actual depreciation guide assumes normal physical inspection.

Physical Depreciation Guide

Wood Crib Elevator and Annex

Effective Age Percent Depreciated 19- 21 40% 22- 25 45% 26- 29 50% 30 -33 55% 34- 37 60% 38- 41 65% 42 -45 70% 46 -50 75% 51 -60 80% over 60 85%

Concrete Elevators and Annex

Effective Age Percent Depreciated 0 -2 3% 3 -4 6% 5 -6 9% 7 -9 12% 10-12 15% 13- 15 20% 16- 18 25% 19- 21 30% 22- 24 35% 25- 27 40% 28- 30 45% 31 -34 50% 35 -40 55% 41 -45 60% 46 -50 65% 51 -55 70% 56- 60 75% over 60 80%

12/04 Section A page 2

FUNCTIONAL OBSOLESCENCE

Functional obsolescence is the inability of a structure to adequately perform the purpose Incurable functional may result from an for which it is currently being used. It can be overimprovement or deficiency. In the case caused by changes in the state of the art, a of a deficiency, the amount may be deficiency in the structure due to measured by capitalizing the income loss or undercapacity, lack of modernization or analyzing comparable sales if sufficient overimprovement. Functional obsolescence information is available. results in less efficiency and may be curable or incurable. An example may be an operation originally designed as a unit-train Curable functional obsolescence may be elevator, but due to abandonment of measured by the cost to cure. rail service, mergers and consolidations, and the move to An example may be flat storage with larger train loading stations, it may no permanent loading or unloading now function only as a country system. This results in excess cost branch elevator. In this case, the due to additional labor and/or excess of construction over what the potential damage to grain being elevator is currently being used for removed. may represent the amount of depreciation resulting from the Another example may be the overimprovement. Typically, this electrical system. Many of the older may be measured by analyzing the elevators have inadequate systems difference between reproduction vs. that will not allow maximum replacement cost new. handling efficiency. Another example of incurable Another example may be a country functional obsolescence would be elevator with a one-leg system where where several country elevators have a two-leg system would provide been combined under one ownership more efficiency due to the ability to at different geographic locations. handle higher volumes of grain. Generally, if they were combined at one location within the same Another example may be a situation complex, they could operate more in an older elevator where the truck cost-effectively. In this instance, scale is of insufficient size to handle capitalizing the net income loss as a modern trucks. Many of the older result of excess costs would be the facilities do not meet OSHA, MPCA best measure of estimating the loss in or MDA standards. value.

12/04 Section A page 3

ECONOMIC OBSOLESCENCE

Economic (or locational) obsolescence is a to how much they are shipping after loss in value due to negative influences the abandonment. In contrast would outside the property itself. It is usually be a unit-train elevator that relies incurable but not necessarily permanent. It solely on rail for transportation. is the impairment of desirability or useful life arising from economic forces, such as Another example may be a river changes in highest and best use, railroad terminal that has difficulty in the closing, and changes in supply-demand winter when the river freezes or has relationships. very high expenses as a result of having to redredge the river every so The measure of this type of obsolescence many years. Again, close analysis is may be estimated by capitalizing the net necessary when adjusting for income stream or comparing sales of similar different modes of transportation. A types of property. Typical examples of loss river terminal may have favorable in value may be due to rail abandonment, truck or rail rates in the winter inability to secure rail cars, disadvantages months that offset other negative of competing modes of transportation, factors. In other words, one negative adverse changes in freight rates and local influence may be more than offset by competition from nearby elevators, another positive influence. terminals, large integrated feed operations, larger on site farm storage, There are other examples when ethanol and bean plants, and river transportation factors may not have a terminals. Location on a shortline negative effect on value. railroad versus a major line impacts rates offered. There may be an area where rail service is high, but perhaps the However, the appraiser must carefully subject property is located close to a analyze all the facts in determining whether soybean processing plant and truck or not any of the above factors actually rates are very favorable. affect the value of the subject property . Another example may be where A typical example may be the result there are increases in rail rates, but of rail abandonment. This may or the subject property is a country may not have an effect on the value elevator that relies predominantly on of the elevator. Perhaps the elevator truck transportation. A way to did not rely on rail service initially. It measure if there is any obsolescence would be necessary to determine due to modes of transportation would how much the elevator was shipping be to compare alternatives on a per prior to the abandonment compared bushel basis.

12/04 Section A page 4

CITIES WITH BIOFUEL PROCESSING PLANTS IN MN

* MGY = Millions of Gallons produced per Year

Current Ethanol Production

CITY MGY * COUNTY Atwater ------40 ------Kandiyohi Benson ------45 ------Swift Bingham Lake ------33 ------Cottonwood Buffalo Lake ------18 ------Renville Claremont ------35 ------Dodge Glenville ------45 ------Freeborn Granite Falls ------50 ------Chippewa Lake Crystal ------56 ------Blue Earth Little Falls ------21.5 ------Morrison Luverne ------21 ------Rock Marshall ------40 ------Lyon Melrose ------2.6 ------Stearns Morris ------21.5 ------Stevens Preston ------42 ------Fillmore Winnebago ------44 ------Faribault Winthrop ------35 ------Sibley

Future Ethanol Production

CITY MGY* COUNTY Claremont (E) ------15 ------Dodge Fairmont (N) ------115 ------Martin Fergus Falls (N) ------57.5 ------Otter Tail Glenville (E) ------65 ------Freeborn Heron Lake (N) ------50 ------Jackson Janesville (N) ------100 ------Waseca Welcome (N) ------110 ------Martin

E=Expansion N=New Construction

Potential Ethanol Production

CITY MGY* COUNTY Alberta (P) ------100 ------Stevens Bridgewater (P) ------110 ------Rice Chokio (T) ------100 ------Stevens Crookston (P) ------70 ------Polk Duluth (T) ------20 ------St. Louis Eyota (T) ------55 ------Olmstead Hampton (T) ------46 ------Dakota Madison (T) ------50 ------Lac Qui Parle Springfield (T) ------120 ------Brown

P=Proposed T=Tentative

Current BioDiesel Production

CITY MGY* COUNTY Albert Lea ------30 ------Freeborn Brewster ------30 ------Nobles Ironton ------.15 ------Crow Wing Menahga ------4 ------Wadena Redwood Falls ------3 ------Redwood

02/08 Section A page 5 Ethanol Facilities in Minnesota - Present and Future August 22, 2007

Agassiz (70)

Twin Ports Ethanol (20)

Otter Tail Ag Enterprises (65)

CMEC Facility Status (22) Existing Under Construction MinnDak Dairy DENCO (100) Proteins (3) APEC (24) Proposed (100) CVEC Tentative (45) Bushmills Capacity in millions of gallons Glacial Lakes Ethanol (65) Energy (50)

Granite Minnesota Falls (45) Energy (20) Heartland Corn Cannon River Products (99) Clean Fuels (46) Advanced ADM (40) Highwater BioEnergy(110) Ethanol (55) US BioEnergy (120) Ethanol2000 US BioEnergy Northstar (120) MinnErgy (31) Al-Corn Clean Ethanol (55) (55) Fuel (50) VeraSun Corn Agri-Energy Heron Lake (118) Plus (44) (22) BioEnergy (55) Buffalo Lake Exol/Agra Pro-Corn Energy (110) Resources (50) Glenville West (42) Ethanol (69)

02/08 Section A page 6

CITIES WITH BIOFUEL PROCESSING PLANTS BORDERING MN

Current Ethanol Production IOWA Albert City ------110 Jewell ------62 Big Stone City ------50 Ashton ------55 Lakota ------95 Chancellor ------52 Blairstown ------6 Marcus ------52 Groton ------53 Cedar Rapids ------260 Mason City ------110 Hudson ------55 Charles City ------110 Muscatine ------20 Huron ------12 Clinton ------147 Nevada ------50 Loomis ------60 Coon Rapids ------54 Shenandoah ------50 Redfield ------50 Corning ------60 Sioux Center ------25 Rosholt ------20 Denison ------55 Steamboat Rock ------20 Scotland ------9 Eddyville------35 West Burlington ------dddddd 52 Watertown ------50 Emmetsburg ------56 Wentworth ------50 Fairbank------115 NORTH DAKOTA Fort Dodge ------110 Grafton ------10.5 WISCONSIN Galva ------27 Richardton ------50 Boyceville ------40 Goldfield ------50 Underwood ------50 Friesland ------49 Gowrie ------62 Walhalla ------23 Milton ------52 Hamburg ------8 Monroe ------48 Hanlontown ------45 SOUTH DAKOTA Oshkosh ------48 Hopkinton ------1.5 Aberdeen ------9 Plover ------4 Iowa Falls ------105 Aurora ------120 Stanley ------41

Future Ethanol Production IOWA Arthur ------110 Merrill ------50 SOUTH DAKOTA Atlantic ------110 Shell Rock ------110 Huron ------18 Blairstown ------30 Sioux Center ------35 Marion ------100 Cedar Rapids ------320 St. Ansgar ------100 Meckling ------60 Council Bluffs ------110 Superior ------50 Mina ------100 Dexter ------100 Tama ------100 Watertown ------50 Dyersville ------100 Fort Dodge ------105 NORTH DAKOTA WISCONSIN Hartley ------110 Casselton ------110 Courtland ------40 Mason City ------50 Hankinson ------100 Jefferson Junction ------130 Menlo ------100 Necedah ------50

Current Biodiesel Production IOWA Clinton ------10 Newton ------30 SOUTH DAKOTA Crawfordsville ------10 Sergeant Bluff ------30 Alexandria ------7 Farley ------30 Sioux Center ------2 Iowa Falls ------37.5 Wall Lake ------30 WISCONSIN Keokuk ------5 Washington ------30 De Forest ------20 Mason City ------30 Manitowoc ------.365 Milford ------2 NORTH DAKOTA Mauston ------5 Nevada ------.45 Velva ------85

Future Biodiesel Production

IOWA NORTH DAKOTA WISCONSIN Algona ------60 York ------2 Cashton ------8 Galva ------5 Evansville ------45 Marcus ------30

02/08 Section A page 7

United States Ethanol Production Facilities*

United States Biodiesel Production Facilities*

*US Maps provided by the University of Iowa’s Center for Agricultural and Rural Development (www.card.iastate.edu)

02/08 Section A page 8 02/08 Section A page 9 02/08 Section A page 10 02/08 Section A page 11

CITIES WITH SHUTTLE ELEVATORS IN MN

CITY RAILROAD COUNTY

Alberta ------BNSF ------Stevens Alvarado ------SOO ------Marshall Argyle ------BNSF ------Marshall Breckenridge ------BNSF ------Wilkin Brewster ------UP ------Nobles Clara City ------BNSF ------Chippewa Clarkfield ------BNSF ------Yellow Medicine Crookston ------BNSF ------Polk Duluth3 ------BNSF/SOO/UP ------St. Louis Elbow Lake ------SOO ------Grant Erskine ------BNSF ------Polk Fairmont ------UP/IC&E ------Martin Fergus Falls1 ------BNSF ------Otter Tail French ------BNSF ------Otter Tail Glenwood ------SOO ------Pope Hanley Falls ------BNSF/DM&E ------Yellow Medicine Hazel ------SOO ------Pennington Herman ------BNSF ------Grant Heron Lake ------UP ------Jackson Hills ------BNSF ------Rock Hoffman ------SOO ------Grant Holloway ------BNSF ------Swift Jasper ------BNSF ------Pipestone Lamberton ------BNSF/DM&E ------Redwood Madelia1 ------UP ------Watonwan Marna2 ------UP ------Faribault Marshall3 ------BNSF ------Lyon Maynard ------BNSF ------Chippewa Miloma ------UP ------Jackson Minneapolis ------SOO ------Hennepin Mountain Lake ------UP ------Cottonwood Murdock ------BNSF ------Swift New Ulm ------BNSF/DM&E ------Brown Rothsay1 ------BNSF ------Wilkin Ruthton ------BNSF ------Pipestone Savage1 ------UP ------Scott Split Rock ------BNSF ------Pipestone Springfield ------BNSF/DM&E ------Brown St. Hilaire1 ------BNSF ------Pennington St. James ------UP ------Watonwan St. Paul1 ------BNSF/UP ------Ramsey Tenney ------SOO ------Traverse Ulen ------BNSF/IC&E ------Clay Welcome ------UP ------Martin

1 – The grain elevators in these cities meet the MN DOR definition of a shuttle elevator but not the railroad’s 2 – The grain elevators in these cities meet the railroad’s definition of a shuttle elevator but not MN DOR’s 3 – The grain elevator in Duluth is for exporting only while the grain elevator in Marshall is for a grain processor

02/08 Section A page 12

WOOD CRIB GRAIN ELEVATOR Wood Crib Elevator w/Wood Crib Annex

a. Elevator b. Annex c. Annex d d. Elevator a b c

The above is an example of a metal clad wood crib elevator. When estimating the replacement cost of an elevator with annex, combine the total bushel capacity of the elevator and annex only. Use the bushel capacity as indicated by government license posted in the driveway or scale room. The office, scale room and driveway are not included in the cost per bushel and should be priced separately.

Elevator Cost Annex Annex Bushel Per Bushel Cost Per Capacity Bushel Capacity Bushel 20,000 $5.65 50,000 $2.65 30,000 5.20 75,000 2.40 40,000 4.75 100,000 2.20 50,000 4.30 150,000 2.05 75,000 3.95 200,000 1.90 100,000 3.40 500,000 1.60 150,000 3.05 200,000 2.65 500,000 2.25

Notes

If there is no headhouse, deduct $.30 per bushel. Use $10 to $20 per square foot for driveways. Office and scale room costs range from $30 to $35 per square foot if no basement. If a basement is included, add approximately $10 to above costs. For detached offices use an alternate rate per square foot such as Marshall Swift Valuation Service (Section 15). Wood frame holding bins above driveway, use $2.00 per cubic foot. For rail siding costs, see page 27.

01/09 Section B page 1

PRICING EXAMPLE

Estimating replacement cost new of wood crib elevator and annex elevator pictured on page 10.

Remember to combine the total bushel capacity when selecting the cost per bushel for the elevator and annex only.

a. Elevator: 50,000 bushels b. Annex: 40,000 bushels c. Annex: 110,000 bushels d. Elevator: 68,000 bushels

Total Bushel Capacity 268,000 bushels

a. 50,000 x $2.65 = $ 132,500 b. 40,000 x $1.90 = $ 76,000 c. 110,000 x $1.90 = $ 209,000 d. 68,000 x $2.65 = $ 180,200

RCN of elevator & annex: $597,700

NOTES

Value grain bins as per grain bin schedule. Do not include in your per bushel capacity for elevator annex.

01/09 Section B page 2

CONCRETE GRAIN ELEVATORS Concrete grain elevator w/concrete annex

a a. Elevator w/intersticing b. Headhouse c c. Annex

The above is an example of a concrete elevator with head house and annex. When estimating the replacement cost of an elevator with annex, combine the total bushel capacity of the elevator and annex only. Use the bushel capacity as indicated by government license posted in the driveway or scale room. The office, scale room and driveway are not included in the cost per bushel and should be priced separately.

Elevator Annex With Clustered With Clustered Hopper Bottom Hopper Bottom Silos And Cost Silos And Cost Intersticing Per Intersticing Per Bushel Capacity Bushel Bushel Capacity Bushel

50,000 $7.20 50,000 $4.10 75,000 6.65 75,000 3.70 100,000 6.35 100,000 3.60 150,000 5.60 150,000 3.35 200,000 5.15 200,000 3.15 250,000 4.75 250,000 3.00 300,000 4.55 300,000 2.90 400,000 4.35 400,000 2.75 500,000 4.20 500,000 2.60 600,000 3.95 600,000 2.55 700,000 3.80 700,000 2.40 800,000 3.70 800,000 2.35 900,000 3.60 900,000 2.25 1,000,000 3.50 1,000,000 2.15 2,000,000 3.00 2,000,000 1.85

NOTES

When assessing older concrete elevators with headhouses, check to determine if the head house is being used to protect non weather-proof legs, motors, machinery, and equipment. If the headhouse is no longer necessary due to modernization with all weather-proof machinery and equipment, make the proper functional obsolescence adjustment to reflect this.

01/09 Section B page 3

CONCRETE GRAIN ELEVATORS Concrete grain elevator (no head house)

The above is an example of a concrete elevator with intersticing and annex but no head house. (Note the exposed leg system.)

Elevator With Elevator With Clustered Clustered Annex With Annex With Hopper Bottom Flat Bottom Clustered Individual Silos And Silos And Flat Bottom Flat Bottom Bushel Intersticing Intersticing Silos Silos Capacity Cost Per Bu. Cost Per Bu. Cost Per Bu. Cost Per Bu. 50,000 $5.85 $5.45 $2.95 $2.75 75,000 5.40 5.05 2.75 2.55 100,000 5.15 4.80 2.55 2.40 150,000 4.60 4.30 2.45 2.30 200,000 4.20 3.95 2.30 2.15 250,000 3.90 3.65 2.20 2.05 300,000 3.70 3.50 2.10 1.95 400,000 3.55 3.30 2.05 1.90 500,000 3.45 3.25 1.95 1.80 600,000 3.30 3.10 1.80 1.70 700,000 3.15 2.95 1.75 1.65 800,000 3.05 2.85 1.70 1.60 900,000 3.00 2.80 1.65 1.55 1,000,000 2.90 2.70 1.60 1.50 2,000,000 2.50 2.30 1.40 1.30

NOTES Concrete office without basement use $35 per square foot; with a basement use $40 per square foot. For detached offices use an alternate rate per square foot such as Marshall Swift Valuation Service (Section 15). Use $30-$40 per square foot for driveway area. Use $1.50 to $2 per cubic foot for vertical and/or horizontal housing for conveyor systems located outside the headhouse. For rail siding residual, refer to page 27. Consider clusters of 3 or 4 silos which share common walls which form only 1 interstice as being annex without intersticing.

01/09 Section B page 4

STEEL GRAIN COMPLEX

a. Welded steel bin b. Office a a d e c. Driveway d. Load-out Tank (such as Bulk-O-Matic Tank) c e. Metal holding bin

b (Above driveway supported by elevator steel structure.)

a. Costs for bolted and welded steel bins per bushel capacity: 100,000 - $1.30 per bushel 250,000 - $1.25 per bushel 500,000 - $1.20 per bushel 1,000,000 - $1.15 per bushel

b. Office

Office and scale room without basement use $40 to $50 per square foot; with a basement use $50 to $60 per square foot.

For detached offices use an alternate rate per square foot such as Marshall Swift Valuation Service (Section 15). c. Use $30 - $40 per square foot for driveway area.

NOTES

Suggested economic life of a bolted or welded steel bin with concrete floor is 40 years. Square shape metal bins use $10.00 per bushel.

01/09 Section B page 5

STEEL HOPPER BINS

Size Capacity Price Size Capacity Price Sidewall Bolted Welded Sidewall Bolted Welded DIA x Height BU. Tons Steel Steel DIA x Height BU. Tons Steel Steel 6' x 3' 100 2.5 $1,440 --- 15' x 11' 2,715 67.9 $12,400 $14,880 6' x 5' 178 4.5 1,660 $2,990 15' x 13' 3,255 81.4 13,930 16,720 6' x 8' 250 6.3 1,780 3,440 15' x 16' 3,790 94.8 14,530 17,440 6' x 10' 298 7.5 --- 3,800 15' x 19' 4,330 108.3 15,350 18,420 6' x 11' 322 8.1 1,950 --- 15' x 21' 4,870 121.8 16,030 19,240 6' x 12' 346 8.7 --- 3,960 15' x 24' 5,410 135.3 16,890 20,270 7' x 3' 140 3.5 1,750 --- 15' x 27' 5,945 148.6 17,830 21,390 7' x 5' 220 5.5 1,980 --- 15' x 29' 6,485 162.1 18,840 --- 7' x 8' 300 7.5 2,230 --- 15' x 32' 7,025 175.6 19,870 --- 7' x 11' 380 9.5 2,460 --- 15' x 35' 7,560 189.0 21,380 --- 7' x 13' 465 11.6 2,900 --- 16' x 10' 2,410 60.3 --- 13,860 7' x 16' 550 13.8 3,140 --- 16' x 12' 2,751 68.8 --- 14,370 8' x 5' 351 8.8 --- 4,020 16' x 15' 3,254 81.4 --- 16,030 8' x 8' 479 12.0 --- 4,610 16' x 17' 3,607 90.2 --- 16,850 8' x 10' 564 14.1 --- 5,000 16' x 20' 4,119 103.0 --- 18,110 8' x 12' 765 19.0 --- 5,260 16' x 25' 4,973 124.3 --- 20,820 9' x 5' 390 9.8 2,780 --- 16' x 30' 5,828 145.7 --- 24,090 9' x 8' 629 15.7 3,110 5,020 18' x 11' 4,080 102.0 17,370 --- 9' x 10' 737 18.4 --- 5,540 18' x 13' 4,860 121.5 18,200 --- 9' x 11' 791 19.8 3,420 --- 18' x 16' 5,635 140.9 19,070 --- 9' x 12' 845 21.1 --- 6,030 18' x 19' 6,415 160.4 19,910 --- 9' x 13' 899 22.5 3,810 --- 18' x 21' 7,190 179.8 20,700 --- 9' x 15' 953 23.8 --- 6,520 18' x 24' 7,970 199.3 21,770 --- 9' x 16' 1,007 25.2 4,410 --- 18' x 27' 8,754 218.8 22,870 --- 10' x 10' 938 23.5 --- 6,430 18' x 29' 9,525 238.1 24,100 --- 10' x 12' 1,025 25.6 --- 7,120 18' x 32' 10,305 257.6 25,800 --- 10' x 15' 1,271 31.8 --- 7,880 18' x 35' 11,180 279.5 27,680 --- 12' x 5' 776 19.4 5,970 7,200 18' x 37' 11,860 296.5 29,550 --- 12' x 8' 1,064 26.6 6,450 7,800 21' x 11' 5,695 142.4 21,230 --- 12' x 10' 1,256 31.4 --- 8,260 21' x 13' 6,755 168.9 22,140 --- 12' x 11' 1,352 33.8 7,080 --- 21' x 16' 7,810 195.3 22,980 --- 12' x 12' 1,448 36.2 --- 8,710 21' x 19' 8,870 221.8 24,000 --- 12' x 13' 1,540 38.5 8,090 --- 21' x 21' 9,930 248.3 24,930 --- 12' x 15' 1,737 43.4 --- 9,740 21' x 24' 10,985 274.6 26,100 --- 12' x 16' 1,830 45.8 8,740 --- 21' x 27' 12,045 301.1 27,630 --- 12' x 17' 1,930 48.3 --- 10,470 21' x 29' 13,105 327.6 28,930 --- 12' x 19' 2,120 53.0 9,500 --- 21' x 32' 14,165 354.1 30,850 --- 12' x 20' 2,218 55.5 --- 11,310 21' x 35' 15,220 380.5 33,000 --- 12' x 25' 2,699 67.5 --- 13,180 21' x 37' 16,280 407.0 35,120 --- 13.5' x 10' 1,637 40.9 --- 10,570 24' x 11' 7,785 194.6 25,960 --- 13.5' x 12' 1,881 47.0 --- 11,340 24' x 13' 9,165 229.1 27,040 --- 13.5' x 15' 2,246 56.2 --- 12,340 24' x 16' 10,545 263.6 28,100 --- 13.5' x 17' 2,489 62.2 --- 13,620 24' x 19' 11,930 298.3 29,290 --- 13.5' x 20' 2,854 71.4 --- 14,540 24' x 21' 13,310 332.8 30,530 --- 13.5' x 25' 3,462 86.6 --- 15,870 24' x 24' 14,695 367.4 32,400 --- 13.5' x 28' 3,872 96.8 --- 16,970 24' x 27' 16,075 401.9 33,660 --- 13.5' x 30' 4,071 101.8 --- 17,820 24' x 29' 17,455 436.4 35,750 --- 15' x 5' 1,340 33.5 9,440 --- 24' x 32' 18,840 471.0 38,100 --- 15' x 8' 1,735 43.4 10,100 --- 24' x 35' 20,220 505.5 40,430 --- 01/09 Section C page 1

STEEL HOPPER BINS (cont.)

Size Capacity Price Sidewall Bolted Welded DIA x Height BU. Tons Steel Steel 24' x 37' 21,600 540.0 $42,750 --- 27' x 11' 9,890 247.3 37,440 --- 27' x 13' 11,640 291.0 38,760 --- 27' x 16' 13,390 334.8 40,170 --- 27' x 19' 15,140 378.5 41,770 --- 27' x 21' 16,895 422.4 43,270 --- 27' x 24' 18,645 466.1 45,470 --- 27' x 27' 20,395 509.9 47,660 --- 27' x 29' 22,145 553.6 49,770 --- 27' x 32' 23,895 597.4 52,840 --- 27' x 35' 25,650 641.3 54,950 --- 27' x 37' 27,400 685.0 58,750 --- 30' x 11' 12,615 315.4 44,750 --- 30' x 13' 14,775 369.4 46,340 --- 30' x 16' 16,940 423.5 47,930 --- 30' x 19' 19,105 477.6 49,690 --- 30' x 21' 21,270 531.8 52,160 --- 30' x 24' 23,435 585.9 53,800 --- 30' x 27' 25,595 639.9 56,370 --- 30' x 29' 27,760 694.0 59,940 --- 30' x 32' 29,925 748.1 62,750 --- 30' x 35' 32,090 802.3 66,650 --- 30' x 37' 34,255 856.4 70,120 ---

Note: These are typical prices constructed by contractor, complete with steel supports, concrete piers or pads, roof, manway and ladder. Center draw. Price, bushel, and ton capacities may differ by 20% due to different degree of slope to the hopper bottoms.

NOTE: Sidewall height used in this Schedule is the length of the vertical portion of the tank. It doesn't include the cone portion.

Suggested economic life of hopper bins is 30 years.

01/09 Section C page 2

CORRUGATED STEEL GRAIN BINS Costs as provided include foundation, concrete floor, ladders, aerators, safety cage, roof rails and vents.

DIAMETER

Storage Storage Storage Storage Storage Storage Storage Height 15' 18' 21' 24' 27' 30' 33'

10' $3,900 $5,100 $6,500 $7,600 $9,300 $11,000 $12,900 12' 4,700 6,100 7,800 9,200 11,000 13,000 15,100 15' 5,900 7,600 9,800 11,500 13,600 16,000 18,500 17' 6,700 8,600 11,100 13,000 15,300 18,000 20,800 20' 7,900 10,200 13,100 15,300 17,900 21,000 24,100 22' 8,600 11,200 14,400 16,800 19,600 23,000 26,400 25' 9,800 12,700 16,400 19,100 22,200 26,100 29,700 27' 10,600 13,700 17,700 20,600 23,900 28,100 32,000 30' 11,800 15,300 19,600 22,900 26,500 31,100 35,300 32' 12,600 16,300 20,900 24,400 28,200 33,100 37,600 35' 13,700 17,800 22,900 26,700 30,800 36,100 40,900 37' 14,500 18,800 24,200 28,200 32,600 38,100 43,200 40' 15,700 20,300 26,200 30,500 35,100 41,100 46,500 42' 21,400 27,500 32,100 36,900 43,100 48,800 45' 22,900 29,400 34,300 39,500 46,200 52,200 47' 23,900 30,700 35,900 41,200 48,200 54,400 50' 32,700 38,200 43,800 51,200 57,800 52' 34,000 39,700 45,500 53,200 60,000 55' 36,000 42,000 48,100 56,200 63,400

Add for each additional 1' in height 400 500 650 750 850 1,000 1,100

Perforated Floor 900 1,200 1,700 2,200 2,800 3,400 4,200

NOTES Commercial bins differ from agricultural bins by having heavier steel and/or stiffeners. Use 80% of above cost for agricultural bins. Suggested economic life for corrugated steel grain bins is 30 years. Suggested residual for small bins (3,200 to 4,400 bushel capacity) on concrete floors is $.25 per bushel; small bins on metal floor with gravel and concrete blocks is $.20 per bushel. Bins with no permanently installed mechanized loading allow 10% functional obsolescence; bins with no permanently installed mechanized loading or unloading allow 20% functional obsolescence. These are average prices constructed by contractor, complete with foundation, ladder, load-out door and top cap. For dryer bins add cost of perforated floor. These prices may vary as much as 20% due to quality, manufacturer and whether purchased in large quantities or off season.

01/09 Section C page 3

CORRUGATED STEEL GRAIN BINS (cont.) Costs as provided include foundation, concrete floor, ladders, aerators, safety cage, roof rails and vents.

DIAMETER

Storage Storage Storage Storage Storage Storage Storage Height 36' 39' 42' 48' 54' 60' 66'

21' $30,200 $34,100 $37,500 $47,000 $63,700 $80,300 $91,100 22' 31,500 35,500 39,200 49,000 66,200 83,400 94,900 24' 34,100 38,300 42,500 53,000 71,300 89,400 102,300 26' 36,600 41,100 45,900 57,000 76,400 95,500 109,700 29' 40,300 45,400 51,000 63,200 84,000 104,600 120,900 32' 44,200 49,600 56,000 69,300 91,600 113,800 132,100 35' 47,900 53,800 60,900 75,300 99,200 122,900 143,200 37' 50,500 56,600 64,300 79,400 104,300 129,000 150,700 40' 54,300 60,800 69,400 85,600 111,900 138,100 161,800 42' 56,900 63,600 72,700 89,600 117,000 144,300 169,300 45' 60,600 67,900 77,800 95,600 124,600 153,500 180,400 48' 64,500 72,100 82,800 101,700 132,200 162,600 191,600 50' 67,000 74,900 86,200 105,700 137,300 168,600 199,000 53' 70,800 79,100 91,100 111,900 144,900 177,800 210,000 55' 73,300 81,800 94,600 115,900 149,900 183,800 217,500 58' 77,200 86,000 99,500 122,000 157,600 193,000 228,600 63' 83,400 93,200 107,900 132,100 170,200 208,200 247,200 66' 87,300 97,300 113,000 138,300 177,900 217,300 258,400 70' 92,400 102,900 119,700 146,300 188,000 229,600 273,300 74' 126,300 154,400 198,100 241,600 288,100 77' 131,400 160,600 205,800 250,800 299,300 81' 138,100 168,600 215,900 263,000 314,200 Add for each addition 1' in height 1,250 1,400 1,650 2,050 2,550 3,050 3,700

Perforated Floor 5,000 5,700 6,700 8,500 10,770 13,200 16,000

01/09 Section C page 4

CORRUGATED STEEL GRAIN BINS (cont.) Costs as provided include foundation, concrete floor, ladders, aerators, safety cage, roof rails and vents.

DIAMETER

Storage Storage Storage Storage Storage Storage Storage Height 72' 75' 78' 84' 90' 96' 105'

21' ― ― ― ― ― ― ― 22' ― ― ― ― ― ― ― 24' ― ― ― ― ― ― ― 26' ― ― ― ― ― ― ― 29' ― ― ― ― ― ― ― 32' $153,800 $165,200 $177,600 $203,700 $232,500 $264,100 $315,700 35' 167,200 180,000 193,600 222,100 253,400 287,500 343,000 37' 176,200 189,900 204,100 234,400 267,400 303,000 361,200 40' 189,900 204,800 220,100 252,700 288,100 326,400 388,400 42' 198,900 214,500 230,800 265,100 302,100 341,900 406,600 45' 212,400 229,400 246,800 283,300 323,000 365,300 433,700 48' 225,800 244,100 262,700 301,800 343,900 388,700 461,000 50' 234,800 254,000 273,300 314,000 357,900 404,200 479,100 53' 248,500 268,800 289,200 332,500 378,700 427,600 506,400 55' 257,500 278,700 299,900 344,700 392,600 443,300 524,500 58' 270,900 293,400 315,700 363,000 413,500 466,600 551,800 63' 293,600 318,100 342,400 393,700 448,300 505,600 597,200 66' 307,100 332,900 358,400 412,100 469,200 528,900 624,300 70' 325,000 352,600 379,600 436,600 497,100 560,000 660,800 74' 343,000 372,300 400,800 461,100 525,000 591,200 697,000 77' 356,700 387,200 416,800 479,600 545,800 614,600 724,300 81' 374,600 406,900 438,000 504,100 573,700 645,700 760,600

Add for each addition 1' in height 4,500 4,950 5,300 6,150 6,950 7,800 9,100

Perforated Floor 18,900 20,500 22,200 25,700 29,600 33,600 40,300

01/09 Section C page 5

FEED MILL (Wood Construction)

a. Wood frame b. Wood cribbed b c. Driveway d. Warehouse c c e. Load-out Tank (such e as Bulk-O-Matic Tank)

NOTES

Use $1.90 per cubic foot for wood frame construction.

Use $3.80 per cubic foot for wood cribbed construction.

Use $25 to $30 per square foot for office and scale room without basement; use $30 to $40 per square foot with basement.

For detached offices use an alternate rate per square foot such as Marshall Swift Valuation Service (Section 15).

Use $10 to $20 per square foot for driveway area.

Warehouse costs provided below include concrete or wood floor.

Refer to Marshall Swift Valuation Service (Section 14) or other valuation service for warehouse rates per square foot.

Clusters of metal bins which vary in capacities of 8 to 60 tons each and supported by steel framework located above driveways and mixing areas used for storage of grain and feed concentrates use $360.00 per ton or $10.00 per bushel.

Refer to page 4, for suggested physical depreciation guide.

01/09 Section D page 1

FEED MILL (Concrete and Steel Construction)

a. Mill (concrete) b. Driveway (steel) c. Office (steel) d. Warehouse (steel)

bc d

01/09 Section D page 2

FEED MILL (Concrete and Steel Construction) (cont.)

Concrete Slip Form Feed Mills are priced on a cubic foot basis (width x length x height) for the entire structure (above and below grade level).

NOTES Concrete Feed Mill cubic foot capacity Cost per cubic foot *Under 90,000 $5.45 Over 350,000 $3.25

Steel feed mills (not shown) are priced on a per cubic foot basis at $4.00.

Warehouses are priced on a per square foot basis based on quality of construction. Costs include a concrete floor.

Refer to Marshall Swift Valuation Service (section 14) or other valuation services for warehouse rates per square foot.

Dock height floors use $10.00 per square foot.

Office and scale room without basement use $40 to $50 per square foot; with basement use $50 to $60 per square foot.

For detached offices use an alternate rate per square foot such as Marshall Swift Valuation Service (Section 15).

Use $30 -$40 per square foot for driveway area.

*Concrete feed mills generally fall into two categories, older mills with 90,000 cubic feet or less capacity and newer feed mills with a capacity of 350,000 cubic feet or more. If you should encounter a feed mill that falls between these two increments, we recommend you consider the age and the size and interpolate accordingly.

01/09 Section D page 3

Dry Mill Process

The feedstock (corn) is passed through two hammer mills, which pulverizes into fine particles, called flour/meal.

In the Slurry, the flour/meal is mixed with water and the first of two enzyme doses in the cook process. The Alpha-amylase enzyme helps keep the mash in a liquid form for pump ability purposes at this point. The now called “mash” is transferred from the slurry through the hydro-heater at 225 degree F. then into two more cook tanks, from there into liquefaction. This is where the second dose of Alpha-amylase is added to the mash. This mixture then has a hold time of approximately 2 ½ hours at 185 degrees F. What this time allows for is the initial break down of the flour/meal into what are called dextrin’s (short chains of glucose molecules).

The mash from the liquefaction tanks is then cooled, and a second enzyme called gluco-amylase is added. This enzyme breaks down the starches in the mash into simpler molecules of sugars. The type of sugar created from this process is called dextrose/glucose.

Yeast is now added to the mash to ferment the sugars. Fermentation breaks down the sugar molecules into ethanol, a liquid, and carbon dioxide, a gas.

Granite Falls Energy utilizes batch fermentation. This is where the mash stays in one fermentation tank for approximately 2 – 2 ½ days to allow for complete fermentation. When the fermentation process is complete, the “mash” is now referred to as “beer.” It is stored in a beer well before transfer to the next stage.

The beer is between 10% and 15% alcohol by volume, and is not completely liquid. It also contains all the solids from the original feedstock (corn) and recycled process water. It is pumped from the beer well into a three-column distillation system, which removes the alcohol from the beer by distillation. Basically, distillation utilizes the differences in the evaporating points of ethanol and water. Alcohol has a boiling, or evaporation, point of 178.4 degrees F, so as long as the temperature of the columns ranges above that temperature and below 212 degrees F, the boiling point of water, alcohol in a gaseous form will rise to the top of the distillation column, where the gas is cooled to below 178 degrees F. This causes the gas to condense back to liquid form, and contains a much higher percentage of ethanol than the original beer. This liquid condensate is then passed to the next distillation column in the series, where the process is repeated. By the time the product reaches the final distillation column it is 95% ethanol or 190 proof.

The 190 proof alcohol is then passed through a molecular sieve, which removes remaining water that was not eliminated in distillation. Following dehydration, the alcohol is 200 proof.

The Tax & Trade Bureau (TTB), requires any alcohol used for fuel to be denatured, or un-drinkable. To render the ethanol unfit for human consumption, 2-5% gasoline is added to the ethanol.

The residue from distillation, called whole-stillage, is pumped from the bottom of the first distillation column in the series, to the co-product processing area.

The whole-stillage (the solids that remain after distillation) is sent through a centrifuge to remove excess liquid. This works much like the spin-cycle of your washing machine. The liquid that is separated out is recycled back into the process to be used again in the process as either syrup (after running it through the evaporator system) or cook water. The remaining solids are referred to as “distillers grains”. Wet distillers grains (WDG) are transferred directly from the centrifuge to a wet cake pad, where they are transferred primarily to local feedlots and dairies for use as a cattle ration. While the shelf life of this product is rather limited, several companies are marketing preservatives proven to significantly extend the product.

02/08 Section E page 1

Dry Mill Process (cont)

Another alternative Granite Falls Energy utilizes is to route the wet distiller’s grains and syrup through a dryer to remove most of the moisture. This dried product is appropriately called “dried distillers grains w/solubles” or DDGS, and is a high protein feed ingredient for cattle, swine, poultry, fish and has been researched for human consumption. It has a significantly longer shelf life the WDG.

Dry Mill Plants

Products: Oxygenated Fuel - (Ethanol) Distillers Dried Grain - (animal feed) Carbon Dioxide

02/08 Section E page 2

Dry Mill Plant Layout

02/08 Section E page 3 Dry Mill Plant Layout

02/08 Section E page 4

ETHANOL PLANTS

Ethanol plants will have a variety of buildings, etc. such as:

Distillers Dryed Building Distiller Dryed Ethanol Building Thermal Oxidizer Building Dryer Building Darrozin Dryer Building Concrete Bins Stainless Steel Beer wells w/ concrete base Steel Bins CO2 Tanks

For building cost use most recent version Marshall Swift Valuation Service (Section 14) industrial, heavy process manufacturing class S for rates per square foot for base cost. Use story multiplier, height multiplier and perimeter multiplier also from Section 14. Use cost multiplier and local multiplier from Section 99.

For Concrete Storage Bins use elevator schedule.

For Steel Storage Bins use elevator schedule.

For detached office use an alternate rate per square foot such as Marshall Swift Valuation Service (Section 15).

12/04 Section E page 5

Dry Mill Structures Values

Administration Building: This building will have brick and or siding on the exterior. In many of the newer facilities, there is a scale outside the building and the corn is weighed and also tested here prior to moving on to the grain receiving facility. If the corn is not of a certain quality, it is refused. Taxable Use Marshall Swift Valuation Service (Section 15) or refer to your grain elevator building schedule section B, page 5 (office).

Grain Receiving: This building will be a steel sided building anywhere from 100’ to 165’ long by 65’ wide; and 32’ to 40’ tall. There will be two truck bays and one rail bay. There will be a basement under the grain receiving building. The concrete will be poured and up to 16” thick. There will also be concrete tunnels housing the equipment that moves the grain to the silos. Taxable Use Marshall Swift (Section 14, page 35) Light industrial/warehouse shell building. Concrete Foundation & Tunnel Walls from Section 51, page 3; also add for concrete floor from the elevator schedule. (remember the ceiling area in the tunnel as well.)

Silos: There are typically two 200,000-bushel silos of poured concrete. They will each have a 15,000 bushel per hour leg. There is an equipment web located between the silos. Taxable Use concrete grain elevator schedule. Look for the equipment web between the silos and value as office space as per grain elevator schedule.

Scalping Bin & Grinder Bin: The corn is passed through two hammer mills that pulverize it into fine particles. Exempt

Main Processing Building: Structural steel frame building housing numerous exempt tanks, pumps and heat exchangers as well as the control room and laboratory. Be sure you note the finished area of the laboratory, control room, lunchroom, offices etc. Also watch for mezzanine areas. Taxable Marshall Swift (Section 14, page 15) use your appropriate story height & perimeter multipliers. Add for additional finishing of the control room & laboratory and mezzanine.

Liquefaction Tanks: Stainless steel tanks. From the liquefaction tanks the sterilized mash is pumped into the fermentation tanks. Exempt

Fermentation Tanks: Stainless Steel Tanks. Fermentation is a batch process where yeast is added to the slurry and the product begins to ferment. After fermenting for about 48 hours, the tank is emptied into the beer well where the mash begins to vaporize and forms alcohol. Exempt

Beer Well: Stainless Steel Tanks. After the batch fermentation is complete, beer is pumped to the beer well and then to the distillation columns. When the distillation is complete, the 190 proof alcohol is passed through a molecular sieve. Exempt

Denature Tank: Carbon Steel Tank. Any alcohol used for fuel needs to be de-natured, or undrinkable. 2-5% gasoline is added to the ethanol. (Located on tank farm.) Taxable, use tank schedule below.

Energy Center & Wet Cake Storage: Structural steel building housing both the DDGS dryer and the Thermal Oxidizer (both exempt). The residue corn mash, called whole-stillage is pumped into one of several decanter type centrifuges for dewatering. There are 5 stainless steel tanks located outside the energy center; the stillage and syrup tanks that are exempt. The remaining solids are referred to as distillers grains. Wet distillers grains, WDG) are transferred directly from the centrifuge to a wet cake pad, where they are primarily transferred to local feedlots. Syrup is added to the wet cake as it enters the dryer, where moisture is removed. The end result is dried distillers grains with solubles, or DDGS. The wet cake pad is located directly beside the Energy Center. Taxable Marshall Swift Section 14, Page15. Use your appropriate story height & perimeter multipliers. Add for mezzanine area. Also add for wet cake pad & bunker walls. Use your grain elevator schedule for the concrete walls & pad. The roof area Marshall Swift Section 14, page 27 Loading dock roofs.

Thermal Oxidizer Stack: This structure will be approximately 125 tall. This is an emissions device to satisfy the EPA. Exempt

02/08 Section E page 6

Dry Mill Structures Values (cont.)

Dried Distillers Grain Solubles Storage: Steel siding building for storing DDGS. After leaving the Energy Center the DDGS are conveyed to the DDGS storage building. The structure will also have a receiving gate or a drive for loading DDGS. Taxable Marshall Swift Section 14, page 15.

Cooling Tower: Four-cell draft cooling tower. Fiberglass with treated lumber. Exempt

Water Storage Tower: Stainless Steel tank. Taxable Seeking information yet.

Water Treatment Building: Concrete Block and Steel construction. Taxable Marshall Swift Section 14, Page 15.

Anhydrous Tank: Taxable Use Grain Elevator Schedule

Rail spur: Need the lineal footage of the rail spur and the weight of the rail. Taxable Use Grain Elevator Manual

Tank Farm: Carbon Steel with floating roofs. Taxable, use tank schedule below.

Welded Carbon Steel tanks

Carbon steel tanks With floating roofs Stainless Steel tanks Per gallon Per gallon Per gallon Gallon Capacity

10,000 $3.50 20,000 3.05 30,000 2.68 40,000 2.40 50,000 2.30 $2.85 $4.60 60,000 2.20 80,000 2.00 100,000 1.80 2.25 3.20 200,000 1.05 1.31 2.89 300,000 .85 1.06 2.55 400,000 .75 .94 2.38 500,000 .70 .88 2.10 600,000 .65 .81 1.95 750,000 .50 .63 1.50 1,000,000 .45 .59 1.35 2,000,000 .33 .43 1.00 3,000,000 .30 .40 4,000,000 .28 .38 5,000,000 .25 .34

01/09 Section E page 7

WET MILL PLANTS

Wet Mill Plants

Products: Oxygenated Fuel - (Ethanol) Corn Oil Corn Syrup High Fructose Corn Syrup Drinking Grade Alcohol Distillers Dried Grain - (Animal Feed) Carbon Dioxide

02/08 Section E page 8

SOYBEAN PROCESSING / BIODIESEL FACILITIES

Products: Soybean Oil Soybean hull and soybean meal feed products Bio diesel fuel additive

Bean facilities will have a variety of buildings and storage units such as crushing, processing, hexane storage tanks, underground hexane vapor containment storage tanks, metal and concrete bins.

Use cost multiplier and local multiplier from Section 99.

For Concrete Storage Bins use elevator schedule.

For Steel Storage Bins use elevator schedule.

For detached office use an alternate rate per square foot such as Marshall Swift Valuation Service (Section 15).

12/04 Section F page 1

GRAIN STORAGE BUILDINGS

Since there are such a wide variety and sizes of storage buildings, please refer to the most recent version of Marshall Swift Valuation Service Manual.

These buildings may have permanent grain liners installed or temporary portable wood bulk heads. Refer to Bulk Head / Bunker / Grain Liners cost schedule for cost.

FLAT STORAGE BUILDINGS:

Refer to most recent version Marshall Swift Valuation Service (Section 17) or similar valuation schedule for rates per square foot.

QUONSET BUILDINGS:

Refer to most recent version Marshall Swift Valuation Service (Section 17) or similar valuation schedule for rates per square foot.

STEEL BUILDINGS W/STRAIGHT SIDEWALLS:

Refer to most recent version Marshall Swift Valuation Service (Section 17) or similar valuation schedule for rates per square foot.

STEEL STRAIGHT SIDEWALL GABLE ROOF BUILDING

Refer to most recent version Marshall Swift Valuation Service (Section 17) or similar valuation schedule for rates per square foot.

NOTES Add $3.75 for concrete 4" pad, $5.25 for 6" pad, $6.00 for 8" pad and $3.50 for asphalt floor.

Suggested economic life for grain storage buildings is 40 years.

01/09 Section G page 1

BULK HEADS / BUNKERS / GRAIN LINERS

Concrete Sidewall Bunker

PORTABLE WOOD BULK HEADS (taxable if fastened to ground) 6' approx. ht. (untreated) (lineal foot measurement) ...... 13.00/LF 6' approx. ht. (treated) (lineal foot measurement) ...... 17.00/ LF

SPECIAL CORRUGATED STEEL GRAIN STORAGE RINGS (no roof, floor or cables with anchors included in price) 60' dia. x 15' sidewall ht. 44,000 bu...... $17,000 cost 72' dia. x 15' sidewall ht. 66,900 bu...... 20,500 cost 90' dia. x 15' sidewall ht. 112,000 bu...... 34,000 cost 120' dia. x 15' sidewall ht. 220,000 bu...... 50,000 cost 7' High Rings (1-12 ga. & 1-14 ga.) ...... $20.00/LF

CONCRETE SIDEWALL BUNKERS T PANELS 7’ wi. x 8’ ht. (lineal foot measurement) ...... $78/LF 7’ wi. x 10’ ht. (lineal foot measurement) ...... $110/LF 7’ wi. x 12’ ht. (lineal foot measurement) ...... $142/LF 7’ wi. x 14’ ht. (lineal foot measurement) ...... $181/LF 7’ wi. x 16’ ht. (lineal foot measurement) ...... $220/LF L PANELS 7’ wi. x 8’ ht. (lineal foot measurement) ...... $70/LF 7’ wi. x 10’ ht. (lineal foot measurement) ...... $104/LF 7’ wi. x 12’ ht. (lineal foot measurement) ...... $138/LF 7’ wi. x 14’ ht. (lineal foot measurement) ...... $149/LF 7’ wi. x 16’ ht. (lineal foot measurement) ...... $160/LF

01/09 Section G page 2

GRAIN LINERS 4' ht. (lineal foot measurement) ...... $13.50/LF 6' ht. (lineal foot measurement) ...... $16.30/LF 8' ht. (lineal foot measurement) ...... $21.60/LF

NOTES

Add $3.75 for concrete 4" pad, $5.25 for 6" pad, $6.00 for 8" pad and $3.50 for asphalt floor.

01/09 Section G page 3

FERTILIZER PLANTS

Above: Picture of bulk fertilizer plant and blending tower.

For bulk fertilizer plant and bag fertilizer buildings -

Refer to most recent version Marshall Swift Valuation Service (Section 17) or similar valuation schedule for rates per square foot.

Some buildings may contain concrete diked walls for chemical containment (pollution controls) which may be exempt. These chemical containment areas may be a separate facility.

NOTES Suggested economic life of a fertilizer plant is 20 years.

Use $4.00 per cubic foot for blending towers. (Note: Do not include support frame in cubic foot computation.)

Add $3.75 for concrete 4" pad, $5.25 for 6" pad, $6.00 for 8" pad.

01/09 Section H page 1

ANHYDROUS AMMONIA (NH3) / LIQUID PROPANE (LP) PERMANENT STORAGE TANKS

NH3 Tanks

Gal. Cost New Cost / gal 1,000 - 5,000 $12,000 $2.40 / gal 12,000 26,000 2.17 / gal 15,000 33,000 2.20 / gal 18,000 42,000 2.33 / gal 30,000 63,000 2.10 / gal

LP Tanks

Gal. Cost New Cost / gal 5,000 $ 9,000 $1.80 / gal 12,000 18,500 1.54 / gal 15,000 21,000 1.40 / gal 18,000 24,000 1.34 / gal 30,000 35,000 1.16 / gal

For larger tanks use most recent version Marshall Swift Valuation Service (Section 61) - welded steel pressure tanks - for rate per gallon.

NOTES If no concrete base, deduct $.15 per gallon.

Suggested economic life of LP storage tanks is 20 years. However, ammonia tanks and liquid protein tanks depreciate more rapidly. Suggested residual for these tanks is $.50 per gallon. Reconditioned tanks - $1.00 gallon, then depreciate.

20 year life on Anhydrous Ammonia (NH3) tanks.

NH3 residual $.50 gallon Reconditioned tanks $1.00 gallon, then depreciate.

Can use anhydrous tanks for propane storage, but cannot use propane tanks for anhydrous ammonia storage.

12/04 Section I page 1

STAINLESS STEEL TANKS FOR HERBICIDES

Use most recent version Marshall Swift Valuation Service (Section 61) or similar valuation service for rate per gallon.

POLY TANKS FOR HERBICIDES

Use most recent version Marshall Swift Valuation Service (Section 61) or similar valuation service for rate per gallon.

CONCRETE DIKE WALLS TO CONTAIN SPILLS OF HERBICIDES *

Concrete Wall Height of Wall Above and Cost Per Thickness Below the Top of the Floor Lin. Ft.

6" 2' $22.00 6" 3' 33.00 6" 4' 44.00 6" 5' 55.00 6" 6' 66.00 8" 2' 26.00 8" 3' 39.00 8" 4' 42.00 8" 5' 65.00 8" 6' 78.00

Add $5.25 Per Sq. Ft. for 6" Concrete Floors Add $6.00 Per Sq. Ft. for 8" Concrete Floors

* These amounts reflect the cost to construct herbicide containment dikes. Special consideration should be given to the life expectancy and condition when valuing containment dikes for property tax purposes.

LIFE EXPECTANCY/CONDITION The sole function of a containment dike is to contain poisonous chemicals in the event of a spill. A cracked or nonfunctioning dike may actually be a negative asset to the land that will require removal and replacement. The life expectancy of containment dikes may vary greatly depending on the type of herbicide being contained, the quality of the original construction and even the soil type on which it is constructed. Minnesota's climate is subject to both high and low temperature extremes. These changes in temperature can and do take their toll on non-pliable materials such as concrete. Although small cracks in concrete do not result in any diminution of utility or value in the case of a garage floor or a basement wall, a cracked dike that may leak has no utility. Assessors are urged to take this limited life expectancy into account when value estimates are being determined.

01/09 Section I page 2

RAILROAD SIDING

Cost New Residual 90# $110.00 $10.00 100# 115.00 15.00 115# 125.00 25.00 130# 130.00 40.00

Less than 115# welded rail - not able to accept large unit trains.

Residual will vary by size.

01/09 Section J page 1

EXEMPT MACHINERY, EQUIPMENT AND STRUCTURES

The following items are exempt in Minnesota and should not be included in the cost estimates. This list is a general guide and may not include all the items that are exempt. A careful inspection of the property must be made in order to distinguish between the taxable and non-taxable items.

1. Motor truck scales, railroad track scales and automatic weigh-in scales

2. Elevator legs

3. Grain dryers

4. Distribution systems

5. Aeration systems

6. Dust collecting systems

7. Conveying systems

8. Scalpers

9. Manlifts

10. Reclaim conveyors

11. Bin temperature systems

12. Pneumatic sampling systems

13. Moisture meters

14. Computer dock scales

15. Feed grinders

16. Feed mixers

17. Fanning mills

18. Concrete dike walls and floor for fuel and chemical containment (pollution controls)

19. Chemical Buildings

20. Portable NH3 Nurse Tank (on wheels)

12/04 Section K page 1

APPENDIX A - FIELD CHECKLIST: ______

1. Elevator a. Concrete/wood-cribbed: ______1. Slip form/jump construction ______2. Flat bottom/hopper bottom ______b. Headhouse: ______c. Bushel capacity: ______d. Intersticing: ______e. One-leg/two-leg system: ______f. Age: ______g. Condition: ______h. Loading Rate (bu/hr) ______i. Unloading Rate (bu/hr) ______2. Annex: a. Concrete/wood-cribbed: ______1. Slip form/jump form ______2. Flat bottom/hopper bottom ______b. Bushel Capacity: ______c. Intersticing: ______d. Age: ______e. Condition: ______

3. Office and Scale Room: attached ______detached ______a. Size (sf) : ______b. CB/wood frame: c. Basement: ______d. Heat: ______e. A/C: ______f. Electrical: ______g. Plumbing: ______h. Partitions: ______i. Floor cover: ______j. Ceiling: ______k. Age: ______l. Condition: ______

4. Steel Grain Bins: Bin # Bin # Bin # Bin # Bin # Bin # a. Diameter: ______b. Height: ______c. Bushel Capacity: ______d. Age: ______e. Condition: ______f. Permanent loading and/or unloading: ______g. Stem walls or double H walls: ______

(Consider normal site valuation of steel bins)

02/08 Section L page 1

APPENDIX A - FIELD CHECKLIST (cont.): ______

5. Fertilizer Plants: a. Size (sf): ______b. Concrete/wood ______c. Height of Sidewalls: ______d. Office Area (sf): ______attached ______detached ______e. Age: ______f. Blending tower (cu.ft. of enclosed area): ______

6. Feed Mills a. Size (cubic foot) ______b. Wood Frame/Steel/Concrete: c. Driveway: ______d. Office Area: ______attached ______detached ______e. Warehouse: ______f. Steel hopper bottom tanks: ______g. Age: ______h. Condition: ______

7. Flat Grain Storage: a. Size (sf): ______b. lineal feet of wall: ______c. Concrete/wood Frame: ______d. Bushel Capacity: ______e. Concrete Pad: ______f. Permanent Loading/Unloading: ______

8. Miscellaneous Improvements: a. Liquid pressurized (LP) tanks: ______1. gallon capacity: ______2. age: ______3. commodity: ______b. Driveway: ______1. area (sf) ______c. Railroad spurs: ______1. lineal feet: ______2. rail strength (lbs.): ______d. Well & Septic System: ______

9. Functional Obsolescence (See page 5) a. Off-site storage ______b. Other ______c. Other ______d. Other ______

10. Economic Obsolescence (See page 6) a. Ethanol Plants ______b. Soy Bean Processing Plants ______c. Shuttle Loader ______d. Large Feed Mills ______e. River Terminal ______f. Rail ______g. Other ______

02/08 Section L page 2

APPENDIX B - GLOSSARY

1. Annex: ...... A storage facility used in conjunction with the elevator.

2. Bio Diesel: ...... A facility that processes soybeans into a diesel additive.

3. Bulk Loader/Weigher: ...... Structure/equipment which contains scale, and storage garners. It is computer controlled for regulating how much grain is to be loaded. This loader allows for origin weight.

4. Car size: ...... Hopper cars of 268,000 pounds to 286,000 pounds.

5. Demurrage: ...... A charge by a rail or barge company for holding onto equipment longer than a specified period of time.

6. Drying points: ...... A percentage point; refers to the degree of moisture removed from a commodity.

7. Ethanol Plant: ...... A facility that processes corn and other grains.

8. Gallery: ...... A covered walkway above the elevator bins which generally houses conveying equipment.

9. Grain Elevator: ...... A structure used for handling and/or storing grain. The two major types are country and terminal.

10. Headhouse: ...... An enclosure above the storage section of a grain elevator to house the mechanical equipment necessary in a grain elevator.

11. Handling speed: ...... Refers to the number of bushels per hour handled by the elevator legs.

12. Inland terminal: ...... Major modes of transportation are either rail or truck. Typical handling speeds from 15,000 to 25,000 bushels per hour.

13. Intersticing: ...... Bins located between the circular elevator and annex bins to provide additional grain storage.

14. Jump form construction: ...... A type of concrete construction completed in stages rather than a continuous pouring process. Also known as jack form construction. Obvious five foot breaks and a rougher exterior than slip form.

15. Loading capacity: ...... Maximum handling speed at which elevator can out-load grain. It is expressed as Bu/Hr (bushels per hour).

16. Main Line: ...... Class 1 (see Appendix C)

17. Ocean terminals: ...... Located on major waterways and purpose is to serve the export business. Receive grain from either unit trains or river barges. Handling speeds may range between 50,000 and 100,000 bushels per hour.

18. Origin Weight: ...... Legal weight at which you can base the sale of grain. The latest bulk loaders used in large capacity elevators derive an origin weight during the loading of the rail car/barge/ship.

19. Processing Tower: ...... Structure within a grain elevator complex that is used for the vertical processing/handling of grain. The exterior of the processing tower can be constructed of concrete, wood, or steel.

12/04 Section L page 3

APPENDIX B - GLOSSARY (cont.)

20. Rail Leg: ...... Processing/handling structure which is dedicated to loading rail loader.

21. Rail Siding: ...... Privately owned spur track off the main line adjacent to the facility.

22. Receiving Capacity: ...... Maximum handling speed at which elevator can in-load grain. It is expressed as Bu/Hr (bushels per hour).

23. River terminals: ...... Predominant mode of transportation is by barge. Receive grain typically by truck so have large truck receiving facilities. Handling speeds may range from 15,000 to 30,000 bushels per hour.

24. Short line: ...... Class 2 and 3 (See Appendix C)

25. Shuttle Elevator/Terminal: ...... Grain elevator facility which has the capability of out-loading 100-110 rail car trains.

26. Slip form construction: ...... A type of concrete construction that is a continuous pouring process in which the forms are supported by the concrete poured previously.

27. Small Elevator Terminal: ...... Grain elevator facility which as the capability of outloading 20 - 26 rail car trains. May be used for incoming commodities but not outgoing grain.

28. Soybean Processing: ...... A facility that processes soybeans into oil, feed and other by- products.

29. Stem Wall: ...... Foundation under a grain bin which is elevated 5 to 8 feet which allows for a tunnel for horizontal handling of the grain.

30. Storage elevator: ...... Use is strictly to store large quantities of grain over long periods of time.

31. Tariff rate: ...... A charge the grain elevator makes for performing a service such as loading, unloading, storage, cleaning and/or drying.

32. Throughput: ...... The average between the number of bushels received and the number of bushels shipped in a given period of time.

33. Truck Elevator/Terminal: ...... Grain Elevator facility which has no out-loading of rail car trains. May have rail siding but is not being used. Usually serves as a collection point to feed shuttle train elevator/terminals. Often times these elevators are the older smaller elevators and sometimes larger elevators that have lost their rail service.

34. Unit- Train Terminal: ...... Predominant mode of transportation is by rail. Receive grain typically by truck so they have large truck receiving facilities. Typical unit trains consist of 25, 50 or 75 rail cars, and recently 100 to 110 car shuttle train loaders. Handling speeds may range from 15,000 to 25,000 bushels per hour.

35. Unit Elevator/Terminal: ...... Grain elevator facility which as the capability of out-loading 50- 56 rail car trains.

36. Wood cribbed: ...... A type of construction where dimensional lumber typically 2 x 10's, 2 x 8's, 2 x 6's, or 2 x 4's, are horizontally stacked. Usually metal clad to protect the wood from the elements. 12/04 Section L page 4

APPENDIX C - ETHANOL GLOSSARY

Beer: fermented mash.

Beer Well: After the fermentation is complete, beer is pumped to the beer well. This is a steel tank. It stands along side the Main Processing Building and is exempt.

Centrifuge: device that removes excess liquid.

Cooling Tower: Cools water in the process to be reused.

Condenser: A heat transfer device that reduces a fluid from its vapor phase to its liquid phase.

DDGS: Dried Distillers Grain Solubles – by product of the ethanol production.

De-nature Tank: Carbon Steel Tank. Holds the gasoline that is added to the ethanol to make it undrinkable.

Distillation: The process of separating the components of a mixture by difference in boiling point.

Energy Center Building: Steel frame building where the residue corn mash (after ethanol is extracted) is converted to DDGS & Wet cake for livestock consumption.

Ethanol: The alcohol product of fermentation that is used in alcohol beverages and for industrial purposes.

Fermenation: is a batch process where yeast is added to the slurry, and the product begins to ferment. After fermenting for about 48 hours, the tank is emptied into the beer well where the mash begins to vaporize and forms alcohol.

Floating Roofs: These roofs are located internally on the ethanol storage tanks. As the level increases and decreases, the roof goes along with the product to trap the vapors in the ethanol.

Grain Receiving Building: Grain is received by truck or rail.

Grinder Bin: The grain is passed through here to pulverize it into fine particles.

Load Out Equipment: There are two load out locations. One along side the rail and one near the tank farm for the trucks.

Main Processing Building: Structure houses control room, laboratory and numerous tanks for the processing of the ethanol. All the tanks are stainless steel and exempt. Various tanks include the slurry tank, cook tube, liquefaction, fermentation tank, e-vaps, yeast, CIP tank, etc.

Mash: a mixture consisting of crushed grains and water.

Scalping Bin: Removes foreign material from grain before moving to the grinder bin.

Slurry: In the slurry, the flour/meal is mixed with water. This is housed in a stainless steel tank that is housed in the Main Processing Building and is exempt.

Tank Farm: Location on the plant site where the ethanol product is stored as well as the de-nature tank, rust inhibitor tank, and 190% & 200 storage tanks.

Thermal Oxidizer Stack: This is an emissions device for the EPA.

WDG: Wet Distillers Grain - by product of the ethanol production.

Wet Cake: The solids that exit the centrifuge.

12/04 Section L page 5

APPENDIX D - MINNESOTA RAILROADS AND MILEAGE

Mileage owned in Minnesota Class I - Main Line Burlington Northern and Santa Fe (BNSF) ...... 1,711 Canadian Pacific Railway (CPR) ...... 750 Union Pacific Railroad (UP) ...... 484 CN (Canadian National Railway) ...... 436 National Railroad Passenger Corp. (Amtrak) ...... 0

Mileage owned in Minnesota Class II – Short Line Dakota, Minnesota & Eastern RR Corp. (DME) ...... 278 Iowa, Chicago & Eastern (ICE) ...... 196

Mileage owned in Minnesota Class III – Short Line Minnesota Northern Railroad (MNN) ...... 204 Twin Cities & Western Railroad Co. (TCWR) ...... 146 Minnesota Prairie Line Inc. (MPLI) ...... 94 Otter Tail Valley Railroad (OTVR) ...... 75 Northern Plains Railroad (NPR) ...... 44 Minnesota Southern Railroad Co. (MSWY) ...... 41 St. Croix Valley Railroad (SCXY) ...... 36 Minnesota Commercial Railway Co. (MNNR) ...... 35 North Shore Scenic Railroad (NSSR) ...... 25 (St. Louis & Lake Counties Regional Rail Authority between Duluth and Two Harbors) Progressive Rail Inc. (PGR) ...... 13 Cloquet Terminal Railroad Co. (CTRR) ...... 4 Minnesota, Dakota & Western Ry. Co. (MDW) ...... 4 Red River Valley & Western Railroad (RRVW) ...... 2

12/04 Section L page 6 Appendix E: Minnesota Railroad Map

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12/04 Section L page 7

APPENDIX F - MINNESOTA RAILROAD WEBSITES

RAILROADS: Amtrak (National Railroad Passenger Corp.): http://www.amtrak.com Red River Valley & Western Railroad Company: http://www.rrvw.net Burlington Northern and Santa Fe Railway: http://www.bnsf.com Twin Cities & Western Railroad Company: http://www.tcwr.net CN: http://www.cn.ca Union Pacific Railroad: http://www.uprr.com Canadian Pacific Railway: http://www.cpr.ca

Dakota, Minnesota & Eastern Railroad: RAILROAD ORGANIZATIONS/ASSOCIATIONS: http://www.dmerail.com American Short Line and Regional RRs Assn: http://www.aslra.org Iowa, Chicago & Eastern Railroad: http://www.icerail.com Association of American Railroads: http://www.aar.org North Shore Scenic Railroad: http://www.duluth.com/lsrm/ Federal Railroad Administration: http://www.fra.dot.gov/welcome.html Otter Tail Valley Railroad: http://www.railamerica.com MN DOT, Off. of Freight, Railroads & Waterways: http://www.dot.state.mn.us/ofrw Progressive Rail: http://www.progressiverail.com

12/04 Section L page 8

APPENDIX G - MINNESOTA RAILROADS – Rail Car Weight and Capacity

Grain elevators served by rail will vary in their ability to accommodate certain rail cars. Shuttle loading elevators generally have the ability to load 100-110 hopper cars of all sizes in 15 hours on their rail siding and receive better rates and service. Other unit train loading elevators generally have the ability to load 26-54 cars but may or may not have siding to accommodate the entire unit during loading and may have limitations on their ability to accommodate the newer heavier hopper cars.

The grain covered hopper car fleet is estimated to be at approximately 97,000 cars nationally, with capacities from 4000 to 5250 cubic feet. The older grain covered hopper cars weight approximately 268,000 pounds, minus the car weight, equaling a load limit of approximately 200,000 pounds, holding approximately 3600 bushel of corn or 3350 bushel of soybeans or wheat. Nearly all to the additional cars being built are designed for loading 286,000 pounds, minus the car weight, equaling a load limit of approximately 223,000 pounds, holding approximately 4000 bushel of corn or 3800 bushel of soybeans or wheat. With older 268,000 pound cars that have less cubic capacity, an elevator may reach maximum capacity before reaching the weight limit, such as, loading low test weight grain.

An assessor needs to consult with the elevator manager to determine whether functional or economic obsolescence exists at a location due to service limitations, such as, light rail, bridge restrictions, siding condition, railroad service schedule, etc.

12/04 Section L page 9 Appendix H: Ethanol Contacts

Company City State Feedstock Existing (mg) UC/Exp (mg) Bushmills Ethanol, Inc. Atwater MN Corn 40 Chippewa Valley Ethanol Co. Benson MN Corn 45 POET Biorefining - Bingham Lake Bingham Lake MN Corn 33 Minnesota Energy Buffalo Lake MN Corn 18 Al-Corn Clean Fuel Claremont MN Corn 35 15 BioFuel Energy - Buffalo Lake Energy LLC Fairmont MN Corn 115 Otter Tail Ag Enterprises LLC Fergus Falls MN Corn 57.5 POET Biorefining - Glenville East Glenville MN Corn 45 POET Biorefining - Glenville West Glenville MN Corn 65 Granite Falls Energy, LLC Granite Falls MN Corn 52 Heron Lake BioEnergy, LLC Heron Lake MN Corn 50 US BioEnergy Corp. Janesville MN Corn 100 POET Biorefining - Lake Crystal Lake Crystal MN Corn 56 Central MN Ethanol Coop Little Falls MN Corn 21.5 Agri-Energy, LLC Luverne MN Corn 21 Archer Daniels Midland Marshall MN Corn 40 Land O' Lakes Melrose MN Cheese Whey 2.6 DENCO, LLC Morris MN Corn 21.5 POET Biorefining - Preston Preston MN Corn 42 VeraSun Energy Corporation Welcome MN Corn 110 Corn Plus, LLP Winnebago MN Corn 44 Heartland Corn Products Winthrop MN Corn 100 US BioEnergy Corp. Albert City IA Corn 110 Platinum Ethanol, LLC Arthur IA Corn 110 POET Biorefining - Ashton Ashton IA Corn 55 Amaizing Energy, LLC Atlantic IA Corn 110 Xethanol BioFuels, LLC Blairstown IA Corn 6 30 Archer Daniels Midland Cedar Rapids IA Corn 260 275 Penford Corporation Cedar Rapids IA Corn 45 VeraSun Energy Corporation Charles City IA Corn 110 Archer Daniels Midland Clinton IA Corn 147 POET Biorefining - Coon Rapids Coon Rapids IA Corn 54 POET Biorefining - Corning Corning IA Corn 60 Southwest Iowa Renewable Energy, LLC Council Bluffs IA Corn 110 Amaizing Energy, LLC Denison IA Corn 55 Dexter Ethanol Dexter IA Corn 100 US BioEnergy Corp. Dyersville IA Corn 100 Cargill, Inc. Eddyville IA Corn 35 POET Biorefining - Emmetsburg Emmetsburg IA Corn 56 Hawkeye Renewables, LLC Fairbank IA Corn 115 VeraSun Energy Corporation Fort Dodge IA Corn 110 Tate & Lyle Fort Dodge IA Corn 105 Quad-County Corn Processors Galva IA Corn 27 Corn, LP Goldfield IA Corn 50 POET Biorefining - Gowrie Gowrie IA Corn 62 Manilda Ethanol Hamburg IA Corn/Wheat Starch 8 POET Biorefining - Hanlontown Hanlontown IA Corn 45 VeraSun Energy Corporation Hartley IA Corn 110 Permeate Refining Hopkinton IA Sugars & Starches 1.5 Hawkeye Renewables, LLC Iowa Falls IA Corn 105 POET Biorefining - Jewell Jewell IA Corn 62 Global Ethanol/Midwest Grain Processors Lakota IA Corn 95 Little Sioux Corn Processors, LP Marcus IA Corn 52 Golden Grain Energy, LLC Mason City IA Corn 110 50* Hawkeye Renewables, LLC Menlo IA Corn 100 Plymouth Energy Merrill IA Corn 50 Grain Processing Corp. Muscatine IA Corn 20 Lincolnway Energy, LLC Nevada IA Corn 50

02/08 Section L page 10 Appendix H: Ethanol Contacts

Company City State Feedstock Existing (mg) UC/Exp (mg) Hawkeye Renewables, LLC Shell Rock IA Corn 110 Green Plains Renewable Energy Shenandoah IA Corn 50 Siouxland Energy & Livestock Coop Sioux Center IA Corn 25 35 Absolute Energy, LLC St. Ansgar IA Corn 100 Pine Lake Corn Processors, LLC Steamboat Rock IA Corn 20 Green Plains Renewable Energy Superior IA Corn 50 Tama Ethanol LLC Tama IA Corn 100 Big River Resources, LLC West Burlington IA Corn 52 Tharaldson Ethanol Casselton ND Corn 110 Alchem Ltd. LLLP Grafton ND Corn 10.5 US BioEnergy Corp. Hankinson ND Corn 100 Red Trail Energy, LLC Richardton ND Corn 50 Blue Flint Ethanol Underwood ND Corn 50 Archer Daniels Midland Walhalla ND Corn/Barley 23 Heartland Grain Fuels, LP Aberdeen SD Corn 9 VeraSun Energy Corporation Aurora SD Corn 120 POET Biorefining - Big Stone Big Stone City SD Corn 50 POET Biorefining - Chancellor Chancellor SD Corn 52 POET Biorefining - Groton Groton SD Corn 53 POET Biorefining - Hudson Hudson SD Corn 55 Heartland Grain Fuels, LP Huron SD Corn 12 18 POET Biorefining - Mitchell Loomis SD Corn 60 US BioEnergy Corp. Marion SD Corn 100 Missouri Valley Renewable Energy, LLC Meckling SD Corn 60 Aberdeen Energy Mina SD Corn 100 Redfield Energy, LLC Redfield SD Corn 50 North Country Ethanol, LLC Rosholt SD Corn 20 POET Biorefining - Research Center Scotland SD Corn 9 Glacial Lakes Energy, LLC Watertown SD Corn 50 50 Dakota Ethanol, LLC Wentworth SD Corn 50 Western Wisconsin Renewable Energy, LLC Boyceville WI Corn 40 Grand River Distribution Courtland WI Corn 40 United WI Grain Producers, LLC Friesland WI Corn 49 Renew Energy Jefferson Junction WI Corn 130 United Ethanol LLC Milton WI Corn 52 Badger State Ethanol, LLC Monroe WI Corn 48 Castle Rock Renewable Fuels LLC Necedah WI Corn 50 Utica Energy, LLC Oshkosh WI Corn 48 Central Wisconsin Alcohol Plover WI Seed Corn 4 ACE Ethanol, LLC Stanley WI Corn 41

02/08 Section L page 11 Appendix I: Biodiesel Contacts

Company City State Feedstock Existing (mg) UC/Exp (mg) Soymor Albert Lea MN Soybean Oil 30 Minnesota Soybean Processors Brewster MN Soybean Oil 30 Green Range Renewable Energy Ironton MN Recycled Cooking Oil 0.15 Midwest Renewable LLC Menahga MN Soybean Oil 4 FUMPA BioFuels Redwood Falls MN Multiple Feedstocks 3 East Fork Biodiesel, LLC Algona IA Multiple Feedstocks 60 Clinton County BioEnergy Clinton IA Soybean Oil 10 Riksch BioFuels, LLC Crawfordsville IA Multiple Feedstocks 10 Western Dubuque Biodiesel Farley IA Soybean Oil 30 Maple River Energy Galva IA Multiple Feedstocks 5 Cargill Iowa Falls IA Soybean Oil 37.5 Tri-City Energy Keokuk IA Soybean Oil 5 Soy Energy LLC Marcus IA Multiple Feedstocks 30 Freedom Fuels, LLC Mason City IA Soybean Oil 30 Soy Solutions Milford IA Soybean Oil 2 Mid-States Biodiesel Nevada IA Multiple Feedstocks 0.45 Central Iowa Energy Newton IA Multiple Feedstocks 30 Renewable Energy Group, Inc. Ralston IA Soybean Oil 12 AGP Sergeant Bluff IA Soybean Oil 30 Sioux Biochemical, Inc. Sioux Center IA Corn Oil 2 Western Iowa Energy Wall Lake IA Multiple Feedstocks 30 Iowa Renewable Energy, LLC Washington IA Multiple Feedstocks 30 ADM Velva ND Canola Oil 85 All-American Biodiesel York ND Soybean Oil/Canola Oil 2 Mid West Bio Diesel Producers Alexandria SD Soybean Oil 7 Best Biodiesel Cashton LLC Cashton WI Multiple Feedstocks 8 Anamax Energy Services De Forest WI Multiple Feedstocks 20 North Prairie Productions LLC Evansville WI Soybean Oil 45 Renewable Alternatives Manitowoc WI Soybean Oil 0.365 We Be Bio, Ltd Mauston WI Soybean Oil 5

02/08 Section L page 12 Appendix J: Shuttle Elevator Contacts

Phone Track MN RR Elevator Directory Number City County Capacity Type Railway Shuttle Shuttle Cargill, Inc. 320-324-7461 Alberta Stevens 110 Country BNSF Yes Yes Farmers Elevator Company 218-965-4812 Alvarado Marshall 100 Country SOO Yes Yes Markit County Grain, LLC 218-437-6424 Argyle Marshall 115 Country BNSF Yes Yes Minn-Kota Ag Products Inc. 218-643-8464 Breckenridge Wilkin 110 Country BNSF Yes Yes Red River Grain Company, Inc. 218-643-3738 Breckenridge Wilkin 110 Country BNSF Yes Yes New Vision Coop 507-842-5944 Brewster Nobles 100 Country UP Yes Yes Clara City Farmers Elevator 320-847-3330 Clara City Chippewa 110 Country BNSF Yes Yes Prairie Grain Partners LLC 320-669-7501 Clarkfield Yellow Medicine 110 Country BNSF Yes Yes Mid-Valley Grain Cooperative (div. of CHS Inc.) 218-281-2881 Crookston Polk 135 Country BNSF Yes Yes Cargill, Inc. 218-727-7219 Duluth St. Louis 120 Exporter BNSF/SOO/UP Yes Yes Elbow Lake Cooperative Grain 218-685-5331 Elbow Lake Grant 100 Country SOO Yes Yes Erskine Grain Terminal, LLC 218-687-5400 Erskine Polk 110 Country BNSF Yes Yes Cargill AG Horizons 507-238-4402 Fairmont Martin 100 Country UP/IC&E Yes Yes Farmers Elevator Company of Fergus Falls 218-736-2894 Fergus Falls Otter Tail 108 Country BNSF Yes No New Horizons Ag Services (div. of CHS Inc.) 218-736-2648 French Otter Tail 110 Country BNSF Yes Yes Prairie Lakes Coop 320-634-3028 Glenwood Pope 100 Country SOO Yes Yes Farmers Cooperative Elevator Co. 507-768-3448 Hanley Falls Yellow Medicine 110 Country BNSF/DM&E Yes Yes Northwest Grain 218-681-5280 Hazel Pennington 100 Country SOO Yes Yes New Horizons Ag Services (div. of CHS Inc.) 320-677-2251 Herman Grant 110 Country BNSF Yes Yes New Vision Cooperative 507-376-4304 Heron Lake Jackson 100 Country UP Yes Yes New Vision Cooperative 507-962-3243 Hills Rock 110 Country BNSF Yes Yes Hoffman Coop Grain Association 320-986-2007 Hoffman Grant 100 Country SOO Yes Yes Western Consolidated Cooperative 320-394-2171 Holloway Swift 110 Country BNSF Yes Yes Eastern Farmers Cooperative (div. of CHS Inc.) 507-348-3911 Jasper Pipestone 110 Country BNSF Yes Yes Meadowland Farms Coop 507-752-7352 Lamberton Redwood 110 Country BNSF/DM&E Yes Yes Lasalle Farmers Grain 507-642-3276 Madelia Watonwan 100 Country UP Yes No Cargill, Inc. 651-345-3351 Marna Faribault 75 Country UP No Yes ADM Corn Processing 507-532-5404 Marshall Lyon 110 Processor BNSF Yes Yes Cargill, Inc. 320-367-2338 Maynard Chippewa 110 Country BNSF Yes Yes Cargill, Inc. 507-793-2328 Miloma Jackson 100 Country UP Yes Yes River Services, Inc. 612-588-8141 Minneapolis Hennepin 150 Terminal SOO Yes Yes New Vision Cooperative 507-376-4304 Mountain Lake Cottonwood 100 Country UP Yes Yes Glacial Plains Cooperative 320-875-2811 Murdock Swift 120 Country BNSF Yes Yes Farmers Coop of Hanska 507-354-4149 New Ulm Brown 110 Country BNSF/DM&E Yes Yes Rothsay Farmers Coop 218-867-2135 Rothsay Wilkin 108 Country BNSF Yes No CHS Inc. 507-658-3450 Ruthton Pipestone 110 Country BNSF Yes Yes Cargill West Elevator 952-890-3220 Savage Scott 100 Country UP Yes No Cargill, Inc. 507-825-5841 Split Rock Pipestone 110 Country BNSF Yes Yes Harvest Land Coop. 507-249-3196 Springfield Brown 110 Country BNSF/DM&E Yes Yes Northwest Grain (div. of CHS Inc.) 218-964-5252 St. Hilaire Pennington 110 Country BNSF Yes No Watonwan Farm Services 507-375-3355 St. James Watonwan 100 Country UP Yes Yes Cargill, Inc. 952-736-1551 St. Paul Ramsey 108 Terminal BNSF Yes No Conagra Foods, Inc. 651-735-5793 St. Paul Ramsey 105 Processor BNSF Yes No Peavey Red Rock Road 612-735-5793 St. Paul Ramsey 100 Terminal UP Yes No Wheaton-Dumont Coop Elevator 320-630-5556 Tenney Traverse 110 Country SOO Yes Yes West Central Ag Services 218-596-8821 Ulen Clay 110 Country BNSF/IC&E Yes Yes Watonwan Farm Services 507-728-8253 Welcome Martin 100 Country UP Yes Yes

02/08 Section L page 13