By Mimi Falkman, senior marketing specialist, CHS Lubricants
Planting season is always a busy time of year on the farm,
but it can be especially tight when winter overstays its welcome. A short spring means there’s even less time than usual for farmers to complete some of the most important work of the year.
During a condensed planting season, equipment is under added
stress because it needs to work overtime to meet demands. To keep machines protected and operating at peak performance during a shorter spring, farmers can set themselves up for success by
preparing their equipment and fluids while the fields are still wet.
Kent Mulder 605-582-2415 firstname.lastname@example.org or Lisa Graham-Peterson 651-355-4523 email@example.com
BRANDON, SOUTH DAKOTA, April 15, 2019 – Eligible farmer-owners of the CHS retail business based out of Brandon, South Dakota, shared in the recent distribution of cash patronage and equity based on business done with the co-op.
“We’re extremely proud to share this important cooperative membership benefit with our customers,” said Kent Mulder, general manager. “Delivering an economic return to them on the business they do with CHS is one more way we help our owners grow.”
This locally based retail division of CHS Inc. allocated a total of $7,608,217.06 in patronage dividends to its eligible members based on business done Sept. 1, 2017 – Aug. 31, 2018, of which $1,344,372.01 is being paid out in cash.
Overall, CHS Inc. will return $150 million in cash patronage and equity redemption to its farmer-owners in 2019, part of the cooperative’s commitment to sharing profits with our owners and returning money to rural America where it can be reinvested in the community. More than 840 local cooperatives and 25,000 farmers share in this distribution of cash patronage and equity redemptions.
The percentage returned to owners is determined annually by the CHS Board of Directors and based on performance, financial strength and long-term growth opportunities.
“Returning cash to our owners enables farmers, ranchers and cooperatives to invest in their own futures,” said Dan Schurr, chairman of the CHS Board.
In the past 12 years, CHS has returned about $3.6 billion to its owners in the form of cash patronage.
The Brandon-based retail business delivers agronomy, energy, feed and grain products and services to South Dakota, Minnesota and Nebraska ag producers and other customers from 22 locations. It is part of CHS Inc., a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, agronomy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients along with financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
This document and other CHS Inc. publicly available documents contain, and CHS officers and representatives may from time to time make, “forward–looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Report Act of 1995. Forward–looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Forward–looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on CHS current beliefs, expectations and assumptions regarding the future of its businesses, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of CHS control. CHS actual results and financial condition may differ materially from those indicated in the forward–looking statements. Therefore, you should not rely on any of these forward–looking statements. Important factors that could cause CHS actual results and financial condition to differ materially from those indicated in the forward–looking statements are discussed or identified in CHS public filings made with the U.S. Securities and Exchange Commission, including in the “Risk Factors” discussion in Item 1A of CHS Annual Report on Form 10–K for the fiscal year ended August 31, 2018. Any forward–looking statements made by CHS in this document are based only on information currently available to CHS and speak only as of the date on which the statement is made. CHS undertakes no obligation to publicly update any forward–looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
reported net income of $248.8 million for the second quarter of fiscal 2019 and
$596.3 million for the first six months of fiscal 2019.
strong performance in the second quarter reflects our hard work at serving our
owners and other customers better. We’ve refocused on serving our customers and
improving our operations, and that has shown positive results in our financials
for the first half of fiscal 2019,” said Jay Debertin, CHS president and
chief executive officer. “Our performance also reflects the benefit of a
diverse platform across business units that serves our cooperative and
Grain powers American agriculture. During Stand-Up for Grain Safety Week, March 25 through 29, we want to remind everyone working on farms and in grain-handling facilities to respect and understand the risks associated with working with grain.
“It’s important to continue to work with the industry, our
employees and our farmer-owners on the hazards in the grain industry, while
stressing safe practices and controls to ensure their safety,” says Matt
Surdick, manager, Country Operations Environment, Health and Safety, CHS.
When most people think of agriculture, they wonder how we are going to feed the growing population of 9.6 billion by 2050. And while that’s an important question to consider, I find myself thinking more often about the individuals needed to fill the talent pipeline to feed that growing population.
With nearly 4 in 10 agriculture jobs going unfilled each
year and the average-age of farmers ever increasing, it’s going to take a
pragmatic, creative approach to encourage young people to pursue careers in
CHS has completed the acquisition of West Central Distribution, LLC, a full-service wholesale distributor of agronomy products headquartered in Willmar, Minnesota.
“Completing the acquisition of West Central demonstrates
our commitment to provide more of the products, services and technologies
cooperatives, retailers and our farmer-owners need to compete,” said Gary
Halvorson, senior vice president, CHS Agronomy. “Ownership of West Central
expands our agronomy platform, positions CHS as a leading supply partner to
cooperatives and retailers serving growers throughout the United States and
adds value for CHS owners.”
It may be impossible to tell with complete certainty where a disease
will be an issue, but most people can agree on the conditions that can lead to
disease. These conditions, otherwise known as the Disease Triangle, include a
susceptible host, a conducive environment and a pathogen. When those three
things collide, there will be a disease issue.
we can see the triangle forming, we can’t always predict how strong the
pathogen will spread or how strong it will be. Because we are unable to make
this prediction, prevention and planning are key to stopping the spread of
One of the largest rural youth leadership organizations, FFA, kicks off National FFA Week, Feb. 16-23 to celebrate all things ag leaders, blue corduroy and agricultural education. Many CHS employees are former FFA members and many CHS locations are involved with their local FFA chapters.
CHS Inc. has reported a net income of $347.1 million for the first quarter of fiscal 2019. “Our strong first quarter results position us well as we start our 2019 fiscal year,” said Jay Debertin, CHS president and chief executive officer. “We are focused on making CHS our customers’ first choice by advancing our technology solutions and equipping employees to meet the changing needs of our customers around the world. We will do this while maintaining financial discipline and rigor.”
The 2018 CHS Annual Meeting wrapped up December 7 as more than 1,900 CHS member-owners took part in educational sessions, board elections and governance, and heard company updates in Minneapolis, Minnesota. A recap of the meeting, including the 2018 CHS Annual Report, videos and photos is ready to view.
During CHS Board elections Friday morning, CHS owners elected a farmer from Nebraska and re-elected four other farmers to serve three-year terms on the board. CHS Directors must be full-time farmers or ranchers to be eligible for election to the 17-member board.
Newly elected Director David Beckman of Elgin, Nebraska, succeeds Don Anthony of Lexington, Nebraska, who retired after serving on the board since 2006. Along with his wife, brother and their families, Beckman raises irrigated corn and soybeans and operates a custom hog-feeding operation. He received his bachelor’s degree in agronomy from the University of Nebraska-Lincoln, and he serves as board chairman for Central Valley Ag Cooperative, York, Nebraska, and secretary of the Nebraska Cooperative Council.
Re-elected were Steve Fritel, Rugby, North Dakota; David Johnsrud, Starbuck, Minnesota; David Kayser, Alexandria, South Dakota; and Russ Kehl, Quincy, Washington.
Following the annual meeting, the CHS Board re-elected Dan Schurr, LeClaire, Iowa, to a one-year term as chairman. Other directors selected as officers for 2019 were:
J. Blew, Castleton, Kansas, first vice chairman
David Johnsrud, Starbuck, Minnesota, secretary-treasurer
Jon Erickson, Minot, North Dakota, second vice chairman
Steve Riegel, Ford, Kansas, assistant secretary-treasurer