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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	June 16, 2006
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  	Lincolnway Energy, LLC
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Iowa
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  	000-51764
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  	20-1118105
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	59511 W Lincoln Highway, Nevada, Iowa
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  	50201
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	515-382-8899
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On June 16, 2006, Lincolnway Energy, LLC (the "Company") entered into an Industry Track Contract (the "Contract") with Union Pacific Railroad Company (the "Railroad") granting the Company the right to construct, maintain and operate several track extensions (collectively, the "Tracks") to provide rail access to the Company&#x2019;s ethanol facility located in Nevada, Iowa from the Railroad&#x2019;s main line.  Rail access is required for the shipment of raw materials (including coal and corn) to the facility and the shipment of completed ethanol from the facility to market.  Under the terms of the Contract, a portion of the Tracks will be constructed, owned and maintained by the Railroad (the "Railroad-Owned Tracks"), while the remaining portion of the Tracks will be constructed, owned and maintained by the Company (the "Company-Owned Tracks").  The Contract requires that the Company pay the sum of $270,691 to the Railroad to reimburse the Railroad for constructing the Railroad-Owned Tracks and, in addition, to be responsible for the expense of all materials to be used by the Railroad in constructing the Railroad-Owned Tracks.  The Company will be responsible for all expenses associated with constructing the Company-Owned Tracks and, in addition, all expenses for grading and installation of necessary drainage facilities required in connection with construction of the Tracks.  During the term of the Contract, the Company is granted the right to own, maintain, repair and use the Company-Owned Tracks where located on and along Railroad&#x2019;s right-of-way.  The Railroad will be responsible, at its expense, to maintain the track structure and right-of-way associated with the Railroad-Owned Tracks and the Company, at its expense, will be responsible to maintain the track structure and right-of-way associated with the Company-Owned Tracks.  If the Company fails to "do business in an active and substantial manner" over the Tracks (thus providing the Railroad with certain usage revenues), the Company may be required to pay the Railroad an annual fee of $6,000 for maintenance of the initial switch connections linking the Tracks to the main line.  The Contract will continue in full force and effect until terminated as follows:  (i) by the Company upon thirty (30) days prior written notice to the Railroad or (ii) by the Railroad upon thirty (30) days prior written notice to the Company upon the occurrence of certain events including, without limitation, a default by the Company in performance of its obligations under the Contract after having received written notice of such default and failing to cure such default.  Upon termination of the Contract, the Company is required to vacate and surrender possession of any right-of-way owned by the Railroad and upon which the Company-Owned Tracks are located.<br><br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Lincolnway Energy, LLC
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  	&nbsp;&nbsp;
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  <I>
  	June 22, 2006
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  	By:
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  <I>
  	/s/ Richard Brehm
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  <I>
  	Name: Richard Brehm
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  <I>
  	Title: President and Chief Executive Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_13320.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11067}]
metadata_filer: {"company-data": {"conformed-name": "Lincolnway Energy, LLC", "cik": "0001350420", "assigned-sic": "2860", "irs-number": "201118105", "state-of-incorporation": "IA", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51764", "film-number": "06918821"}, "business-address": {"street1": "59511 W. LINCOLN HIGHWAY", "city": "NEVADA", "state": "IA", "zip": "50201", "phone": "515-203-0847"}, "mail-address": {"street1": "59511 W. LINCOLN HIGHWAY", "city": "NEVADA", "state": "IA", "zip": "50201"}}
text: Lincolnway Energy, LLC (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  June 16, 2006
  Lincolnway Energy, LLC
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Iowa
  000-51764
  20-1118105
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  59511 W Lincoln Highway, Nevada, Iowa
  50201
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  515-382-8899
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On June 16, 2006, Lincolnway Energy, LLC (the "Company") entered into an Industry Track Contract (the "Contract") with Union Pacific Railroad Company (the "Railroad") granting the Company the right to construct, maintain and operate several track extensions (collectively, the "Tracks") to provide rail access to the Company's ethanol facility located in Nevada, Iowa from the Railroad's main line.  Rail access is required for the shipment of raw materials (including coal and corn) to the facility and the shipment of completed ethanol from the facility to market.  Under the terms of the Contract, a portion of the Tracks will be constructed, owned and maintained by the Railroad (the "Railroad-Owned Tracks"), while the remaining portion of the Tracks will be constructed, owned and maintained by the Company (the "Company-Owned Tracks").  The Contract requires that the Company pay the sum of $270,691 to the Railroad to reimburse the Railroad for constructing the Railroad-Owned Tracks and, in addition, to be responsible for the expense of all materials to be used by the Railroad in constructing the Railroad-Owned Tracks.  The Company will be responsible for all expenses associated with constructing the Company-Owned Tracks and, in addition, all expenses for grading and installation of necessary drainage facilities required in connection with construction of the Tracks.  During the term of the Contract, the Company is granted the right to own, maintain, repair and use the Company-Owned Tracks where located on and along Railroad's right-of-way.  The Railroad will be responsible, at its expense, to maintain the track structure and right-of-way associated with the Railroad-Owned Tracks and the Company, at its expense, will be responsible to maintain the track structure and right-of-way associated with the Company-Owned Tracks.  If the Company fails to "do business in an active and substantial manner" over the Tracks (thus providing the Railroad with certain usage revenues), the Company may be required to pay the Railroad an annual fee of $6,000 for maintenance of the initial switch connections linking the Tracks to the main line.  The Contract will continue in full force and effect until terminated as follows:  (i) by the Company upon thirty (30) days prior written notice to the Railroad or (ii) by the Railroad upon thirty (30) days prior written notice to the Company upon the occurrence of certain events including, without limitation, a default by the Company in performance of its obligations under the Contract after having received written notice of such default and failing to cure such default.  Upon termination of the Contract, the Company is required to vacate and surrender possession of any right-of-way owned by the Railroad and upon which the Company-Owned Tracks are located.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Lincolnway Energy, LLC
  June 22, 2006
  By:
  /s/ Richard Brehm
  Name: Richard Brehm
  Title: President and Chief Executive Officer