**Exhibit10.23**

**CORN AND NATURAL GAS PRICE RISK MANAGEMENT AGREEMENT**

**THIS CORN and NATURAL GAS PRICE RISK MANAGEMENTAGREEMENT**is made andentered into as of the 1st day of January,2007, by andbetween **Broin Management, LLC**, aMinnesota limited liability company (“Manager”) and Great Plains Ethanol, LLCan South Dakota limited liability company (“Company”).

**WHEREAS**, Company owns an ethanol production plant near Chancellor, SouthDakota (the “Plant”); and

**WHEREAS,** Manager is in the business of management and operation of ethanolproduction facilities, including the Plant; and

**WHEREAS**, Company and Manager have engaged the services of Manager to managethe Plant pursuant to the Management Agreement dated January 15, 2001(the “Management Agreement”); and

**WHEREAS**, Company desires to engage the services of Manager to provide corn andnatural gas price risk management services not addressed by the ManagementAgreement between Manager and Company, and Manager desires to provide suchadditional services on the terms and conditions hereinafter described.

**NOW, THEREFORE,** in consideration of mutual covenantscontained herein, the parties agree as follows:

Rights and Obligations of Manager

General Rights and Obligations. Manager shall have the responsibility and authority to take allaction necessary or appropriate to engage in hedging and price risk managementrelating to corn and natural gas requirements including, without limitation,the power and authority to:

(a)                  Trade future, options, cash corn contracts,natural gas futures and other contracts with the intention of controlling grainand natural gas costs, reducing market exposure, and protecting and/orenhancing plant operating margins in corn, natural gas and other commoditiesfor any and all ethanol plants managed by Manager including Company’s Plant;

(b)                 Devise and implement strategies for carryprotection and basis protection;

(c)                  Recommend strategies for flat priceprotection to Company’s governing board and enact all flat price strategiesapproved by the governing board;

(d)                 Recommend strategies to the Company’scommodity manager for dialing and forward pricing, price strategies and relatedhedging;

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(e)                  From time to time enter into trades to reducemarket exposure and market risk in other co-products or commodities relative toplant usage or production;

(f)                    Hire such employees and independentcontractors as Manager shall determine to be reasonably necessary to theforegoing; and

(g)                 Carry on any other activities necessary to,in connection with, or incidental to the foregoing.

Storage/Forward Contract Hedging. Manager will recommend storage and forwardcontract hedging strategies to Company’s commodity manager. At no time willthese strategies result in the flat pricing of more than 25% of one year’sprojected corn usage without the approval of Company’s governing board. Companywill establish a futures trading account with Manager’s assistance for thepurpose of flat price/storage/forward contract hedging.

Flat Price Hedging. Manager will recommend fiat price strategies to Company’s governingboard for flat price hedging in excess of 25% of one year’s projected cornusage as it deems necessary. Company’s governing board will review thesestrategies and direct Manager to implement any strategies that areapproved.  Manager will promptly enactany flat price hedging strategies directed by Company.

Independent Contractor Status. Manager in the performance of its duties under this Agreement shalloccupy the position of an independent contractor with respect to Company. Nothingcontained herein shall be construed as making the parties hereto partners orjoint ventures, nor, except as expressly provided herein, construed makeManager an employee of Company.

Reports Issued by Manager

The following reports will be issued to Company by Manager:

| Daily Reports (To  Commodity Manager:           |
|-------------------------------------------------|
| Market Update—Bid Sheet                    |
| Market Summary and Commentary                   |
| Weekly Reports  (To General Manager)            |
| Pool Position and Profitability                 |
| DDGS Market Roundup                             |
| Natural Gas Market Roundup                      |
| Quarterly  Reports (To the Board of Directors): |
| Quarterly Market and Trading Update             |
| Quarterly DDGS Update                           |
| Quarterly Natural Gas Update                    |

 

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Duties of Company

Company hereby agrees to cooperate with Manager in the performance of Manager’sduties and responsibilities under this Agreement, to act in good faith, and todo all reasonable things necessary to aid Manager’s performance as anindependent contractor under the terms of this Agreement. Company’s governingboard may create a committee to perform Company’s duties and responsibilitiesunder this Agreement.

Price Risk Management Fee

Price Risk Management Fee. Company shall pay Manager a price risk management fee of $59,580per year, payable in quarterly installments of $14,895 due on the firstday of each calendar quarter. In the event this Agreement commences other thanon the first date of a quarter, the first quarterly installment shall beprorated. This fee is subject to modification in the case of plant expansionsor increases in corn usage.

Pooling Arrangement

Company acknowledges that Manager will be offering these price riskmanagement services to all of the ethanol plants Manager manages. A poolingarrangement may be implemented whereby Company and other ethanol plants managedby Manager will contribute funds for allocation to trading activities based onthe price risk management services. All trade expenses incurred by Manager inpursuing the foregoing shall be paid out of the pool. Any profits or lossesresulting from the trading activity will be allocated proportionally toparticipants based on their proportionate contribution to the pool.

Margin Money

If a pool is instituted, then Company’s initial margin contribution tothe pool account will be $65,000. Income will be distributed assufficient cash becomes available in the account. In the case pool losses,additional margin money will be requested pro-rata from the plants trading inthe pool account.

Effective Date: Term: Termination

Effective Date.This Agreement shall be effective as of the date first set forth above.

Term. Exceptas is set forth below in the section entitled “Termination,” the term of thisAgreement shall be for a period of five (5) years commencing with the firstpayment. This Agreement shall be automatically extended for an additional five(5) year term following the end of the original five (5) year term, unlesseither party gives written notice of non-renewal at least thirty (30) daysprior to the end of the original term. This renewal provision shall apply inthe same manner for all subsequent expiring terms. Therefore, every five (5)years this Agreement shall be either automatically extended unless propernotice of non-renewal is given by either party as provided herein.

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Termination.Either party has the right to terminate this Agreement with or without cause asof the annual anniversary date of this Agreement by giving written notice tothe other party of such termination. Such written notice of termination shallbe given not more than ninety (90) days nor less than thirty (30) days beforethe annual anniversary date. Upon any such termination, Manager shall have theright to continue to provide price risk management services until the end ofthe then  current year. Likewise, uponany such termination, Company shall have the right to Manager’s price riskmanagement services until the end of the then current year.

Limitation of Liability

Company acknowledges that the futures and commodities’ markets arevolatile and subject to events and market movements over which Manager andManager’s Price Risk Consultant have no control. Accordingly, Manager andManager’s Price Risk Consultant shall not be held liable by Company for anylosses related to the trading activities or price risk management services of Managerand Manager’s Price Risk Consultant relating to this Agreement so long asManager and Manager’s Price Risk Consultant have acted in good faith and in amanner they reasonably believed to be in the best interests of Company. Theparties acknowledge that the price risk management services to be renderedpursuant to this Agreement may affect Company’s profitability. Company shallindemnify and hold harmless Manager and Manager’s Price Risk Consultant fromand against all liabilities, suits, claims, damages, costs, judgments andattorneys’ fees of Manager and Manager’s Price Risk Consultant resulting fromany of the foregoing brought by Company’s members or third parties related tothe trading activities or price risk management services of Manager and Manager’sPrice Risk Consultant, so long as Manager and Manager’s Price Risk Consultanthave acted in good faith and in a manner they reasonably believed to be in thebest interests of Company. Company and Manager agree to cooperate with eachother should either or both be named in a suit relating to this Agreement.

Waiver of Jury Trial

Manager and Company irrevocably waive any and all rights to trial byjury in any legal proceeding arising out of or relating to this Agreement orthe transactions and relationships of the parties contemplated hereby orthereby.

Assignment

This Agreement shall be assignable by either party upon the writtenconsent of the other party hereto.

Miscellaneous

Headings. Theheadings contained herein arc for convenience only and are not intended to defineor limit the scope of intent of any provisions of this Agreement.

Governing Law.  The validity of this Agreement, theconstruction of its terms and the interpretation of the rights and duties ofthe parties hereto shall be governed by the laws of the State of Minnesota. TheCircuit Court for the Second Judicial Circuit, County of Minnehaha, State of

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SouthDakota, shall be the sole and exclusive jurisdiction and venue for theresolution of any disputes arising from or relating to this Agreement.

Notices. Anynotice required or permitted herein to be given shall be given in writing andshall be delivered by United States registered or certified mail, returnreceipt requested, to the president of Manager and president or chairman ofCompany, as the case may be, at the addresses set forth below or such addressas Company or Manager shall provide notice of from lime to time during the termof this Agreement.
| Company: |   | Great Plains Ethanol, LLC           |
|----------|--------|-------------------------------------|
|     |   | 27716 452nd  Avenue                 |
|     |   | Chancellor, SD  57015               |
|     |   | Attention:  Darrin Ihnen, President |
|     |   |                                |
| Manager: |   | Broin Management, LLC               |
|     |   | 2209 East 57th  Street North        |
|     |   | Sioux Falls, SD  57104              |
|     |   | Attention: Mr.  Jeffrey S. Broin    |

 

Successors.This Agreement shall be binding upon and inure to the benefit of the respectiveparties and theft permitted assigns and successors in interest.

Waivers. Nowaiver of any breach of any of the terms or conditions of this Agreement shallbe held to, be a waiver of any other subsequent breach; nor shall any waiver bevalid or binding unless the same shall be in writing and signed by the partyalleged to have granted the waiver.

Counterparts.This Agreement may be executed in multiple counterparts all of which shallconstitute but one Agreement.

Amendment.This Agreement may be amended with the written consent of Company and Manager.

Entire Agreement.Except as otherwise described herein, this Agreement is the entire Agreementbetween the parties relating to the corn price risk management services.

IN W1TNESS WHEREOF, the parties hereto have executed this Agreement asof the 5th day ofDecember, 2006.
| Company:                   |                                | Manager:                     |
|----------------------------|-------------------------------------|------------------------------|
| Great Plains  Ethanol, LLC | ** **                          | **Broin Management, LLC**    |
|                       | ** **                          | ** **                   |
|                       | ** **                          | ** **                   |
| By:                        |    /s/  Darrin Ihnen |                         |   | By: |   /s/ Jeffrey S. Broin |   |
| Its President              |                                | Its Chief  Operating Officer |
|                            |                                     |                              |  |  |  |  |

 

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