Chippewa Valley Agrafuels Cooperative (CVAC) is one of the primary pillars of the Chippewa Valley Ethanol Company (CVEC) organization. CVAC is the company that owns the plant, property, and equipment and in turn leases those assets to CVEC. Because this is where the physical assets reside, our loan from CoBank is secured through this entity (dba. Liquid Capital). Additionally, the Cooperative contains the corn delivery requirement. CVAC is the general partner in CVEC, which is structured as a Limited Liability Limited Partnership (LLLP). Membership in CVAC is based on shares, which are equivalent to bushels of required corn delivery. The “shares” in CVAC equal the “units” in CVEC, i.e. one share owned equals one bushel of corn that needs to be delivered.