Growing the CHS grain supply chain April 17, 2024 By adding key grain facilities to its enterprise supply chain, CHS connects its farmer-owners to the global marketplace. CHS has signed an intent to purchase agreement for eight grain assets in five states from Cargill. With this purchase, CHS aims to continue optimizing its enterprise supply chain while providing market access and end-to-end value to owners. This purchase adds key grain facilities to the CHS enterprise supply chain, connecting CHS farmer-owners to the global marketplace. Assets included in the sale are in Pipestone and Maynard, Minn.; Morris and Seneca, Ill.; Holdrege, Neb.; Cheyenne Wells and Byers, Colo.; and Parker, SD. “Our farmer-owners look to CHS to provide them with local assets that have the speed and space to serve their needs today and into the future,” says Rick Dusek, executive vice president of ag retail, distribution and transportation for CHS. “Purchasing these grain assets is part of a larger strategy to invest in our enterprise supply chain, efficiently connecting our owners to the global marketplace.” In its media statement, Cargill said: “Cargill and CHS have a strong partnership today based on shared values, strategic alignment and an effective and efficient business model, making CHS the right partner for this sale.” The purchase is tentatively planned to close in early June 2024.
CHS reports fiscal year 2020 net income of $422.4 million CHS reported net income of $422.4 million for the fiscal year that ended Aug. 31, 2020. This compares to fiscal year 2019 net income of $829.9 million. Key financial drivers… Read More
FFA to receive largest gift in CHS Foundation history The CHS Foundation is making a $4.3 million commitment to National FFA over the next three years, the largest gift in the foundation’s 75-year history. The grant will help fund… Read More
Co-ops help farmer-owners and communities succeed October is National Co-op Month – a time dedicated to recognizing the value that cooperatives bring to farmers, ranchers and their rural communities. Andrew Schafer, a Washington farmer and member… Read More