CHS has partnered with The American Society of Agronomy (ASA) to collaborate in creating a dynamic, online-learning program focused on improving sustainability practices and standards in production agriculture. The curriculum will be designed for agronomists and agribusiness professionals and will establish a recognized, industry-wide standard of education to help agronomists and other agriculture professionals truly implement sustainable practices in the field. (more…)
Another customer appreciation is in the books and we would like to thank everyone for coming and for your continued patronage. A special thank you to the Tyler Golf Club, Lincoln County Pork Producers, Kronborg Inn, Dow, Monsanto and our CHS employees for all you do to make this a successful event!
Congratulations to our winners:
- MN TWINS tickets: Cheryl Maranell
- YETI cooler: Steve Bush
- Surestart coolers: Joel Koster, Conrad Schardin, Dale Johnson
- DEKALB YETI cup and golf balls: Randy Nielsen
- ALLEGIANT tee shirts: Brad Johnson, Ron Demuth, Jim Vandendriessche, Roger Longhenry
Thank you to everyone who came out and joined us!
Underlying business performance stable, one-time events cause quarterly loss
PAUL, MINN. (July 14, 2017) – CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, announced a net loss of $45.2 million for the third quarter of its 2017 fiscal year (three-month period ended May 31, 2017), compared to net income of $190.3 million for the same period one year ago. Consolidated revenues for the third quarter were $8.6 billion, compared to $7.8 billion for the third quarter of 2016, representing a 10 percent increase.
“Despite the economic challenges in agriculture and energy, several of our underlying businesses are having a solid year,” said CHS President and Chief Executive Officer Jay Debertin. “Unfortunately, we’ve experienced three negative one-time events this fiscal year that have resulted in charges leading to a loss in the third quarter and a significant earnings decline for the year to date. In response to these events, we are implementing measures to better identify risk management gaps in some of our processes and when necessary enhance our ability to effectively manage our risks.”
As locally governed CHS ag retailers, the two producer boards of CHS Eastern Farmers and the CHS business based out of Marshall, Minn., recently voted unanimously to unify their operations and create one, new business unit within CHS Inc.. The two boards came to this decision after much thoughtful discussion about how best to serve the farmers, ranchers and other customers in southeastern South Dakota and southwestern Minnesota. (more…)
There are several factors to consider before and during herbicide spray application. Taking the appropriate steps to prepare for a successful application can save time, money and effort. While spray requirements may vary based on crop, location and herbicide formulation, there are steps that should be taken to ensure the best protection against weeds during the current crop season and to protect the effectiveness of the herbicide long term.
Mother Nature plays an important role in the success of herbicide application. In addition to the preventive and arbitrary actions necessary to increase herbicide effectiveness, working with natural conditions is extremely beneficial and mandatory since we do not control the weather or other natural factors. (more…)
On June 22, editor of C magazine Greg Lamp hit the road on a motorcycle trip with a gang of Montana ranchers and farmers. Follow along with him as the group of wild hogs tours ranches, farms, co-ops and processing facilities in eastern Montana and western North Dakota. Photos and details of their adventures are provided in the links below. Make sure to check back for more!
Day 4: Sidney, Mont.
With the chilly weather leaving Minot, ND, the group had to stop and warm up in Stanley, ND. Then, it was on to Watford City, ND for lunch at the farm of fellow cyclist Bob Wisner. South of Watford City, ND, they took in the spectacular sights of Theodore Roosevelt Park before continuing on over the Yellowstone River to Sidney, MT.
On June 22, editor of C magazine Greg Lamp hit the road on a motorcycle trip with a gang of Montana ranchers and farmers. Follow along with him as the group of wild hogs tours ranches, farms, co-ops and processing facilities in eastern Montana and western North Dakota. Photos and details of their adventures are provided in the links below. Make sure to check back for more! (more…)
Still have corn left in the bins but looking for more out of the market? Are you also hoping for some great opportunity to price new crop corn?
In a $3.75 Futures July market, you could be pricing your corn at over $3.90
Futures with an opportunity to price some December corn at $4.00 Futures!
For more information, call
Joel Wering – Ruthton (507) 658-3450 Scott Johnson – Tracy (507) 220-8674
CHS Country Operations locations across the United States have been delivering checks to local food banks in May as part of the 2017 CHS Harvest for Hunger food, funds and grain drive.
Through the generosity of farmers, ranchers and CHS employees, more than $725,000 and nearly 610,000 pounds of food are headed to rural families in need, thanks to the CHS Harvest for Hunger drive organized by Country Operations. (more…)
The CHS Board of Directors has elected Jay D. Debertin as president and chief executive officer (CEO) of CHS. Debertin succeeds Carl Casale, who led CHS during record performance levels and expansion.
During Casale’s seven years with the company, CHS returned $3 billion to its owners, invested $9 billion in new capital expenditures and nearly doubled the size of its balance sheet from $8.7 billion in 2010 to $17.3 billion at the end of fiscal 2016. Casale focused on prudent fiscal management and enhancing management systems at the company.
“As we take our cooperative into its next chapter, we are confident that Jay is the right leader,” says Dan Schurr, chairman of the CHS Board of Directors. “Jay’s experience in achieving operational excellence and driving results fits squarely with our unwavering goal to deliver returns to our member-owners now and for the long term.”
Debertin previously served as executive vice president and chief operating officer for the company’s diverse energy operations and processing food ingredients business. He joined CHS in 1984 and has held a variety of leadership positions within the organization in energy, trading and risk management, transportation, and agricultural processing. Jay also serves as chairman of Ventura Foods.
“CHS is strong today because we drive the business with a central purpose in mind and that is to help our cooperatives and farmers grow,” says Debertin. “I look forward to working with our talented group of employees as we concentrate on world-class execution across our system. I see growth and strength ahead for our business.”
Additionally, Darin Hunhoff, who has been with CHS for 25 years in a variety of leadership positions, most recently as head of CHS strategy, will step into the role of leading CHS Energy and the processing and food ingredients business.