Patronage and equity are key benefits for owners of CHS and the cooperative system. CHS is committed to distributing patronage and redeeming equity for its owners while maintaining a strong balance sheet so it can continue to provide owners with the goods, services and supply chain capabilities required for long-term success.
Following the close of fiscal 2018, the CHS Board of Directors has announced the following patronage and equity distribution decisions: (more…)
Trade is a critically important part of business for CHS and for our farmer-owners, yet U.S. trade policy remains uncertain and dynamic. Tariffs being applied to imports from China and other important international markets – and resulting retaliatory measures from our trading partners – could have an impact across the entire CHS enterprise. This could offer significant challenges as our owners move toward harvest this fall. (more…)
As you may have heard, we implemented an emergency team to manage a controlled emptying of one of our grain bins at the Philip location on Friday. The process was purposely slow and methodical in order to manage emptying the bin safely, so it took several hours to complete. When done, 13 rail cars had been filled. The bin did not move.
We have called in external engineering expertise to help us decide the best way to repair and reinforce the bin. That assessment is being done now.
We are grateful for the swift response and support that numerous volunteer fire departments and emergency management teams offered the Philip location and surrounding community. And we are very proud of our Philip staff who recognized the issue early and managed the situation with the highest regard for safety and professionalism.
This morning as staff were filling a bin with wheat at the CHS Midwest Co-op location in Philip, SD, they noticed some stressing of the bin exterior. Filling was immediately stopped and local emergency support was called to establish a safety perimeter around the bin site. At this time, a very controlled emptying of the bin is being administered under the supervision of a grain engineering expert who is on-site.
This process is purposely slow and methodical in order to manage emptying the bin in the safest way possible. There is no imminent danger to the downtown area or surrounding community.
CHS will continue to provide updates on the site situation.
CHS is always grateful to the swift response and professional support the local volunteer fire department offers the Philip location and surrounding community.
CHS places employee and community safety as a top priority and conducts numerous safety drills throughout the year, which includes the staff’s ability to identify and mitigate potential situations like this.
CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, reported net income on July 11, 2018, of $229.3 million for the third quarter of its 2018 fiscal year (three-month period ended May 31, 2018), compared to a net loss of $45.2 million for the same time period a year ago.
Consolidated revenues for the third quarter of fiscal 2018 were $9.0 billion, up from $8.6 billion for the third quarter of fiscal 2017. Pretax income was $289.4 million for the third quarter of fiscal 2018, compared to a loss of $209.2 million for the same period the prior fiscal year.
“Thanks to the hard work of many throughout CHS, we’ve made great strides this year in strengthening relationships, optimizing operations and improving results from our core businesses,” said CHS President and CEO Jay Debertin. “The steps we’ve taken will better position us to navigate the inevitable cycles in agriculture and energy. I am proud of our team and their dedication and commitment to operating with excellence.” (more…)
Getting the most out of an herbicide application not only includes maximizing efficacy, but also minimizing damage caused by herbicides. Being aware of what can go wrong and how to avoid it can lead to effective, on-target herbicide applications and help growers have a successful growing season – without the distress and loss caused by applications gone awry.
Two threats to herbicide applications are drift and volatilization. While they may seem similar, they are quite unique and require different attention to ensure that neither occur. (more…)
CHS technical services and quality manager, Cenex brand lubricants
Of all the risks you must manage as a farmer, one of the biggest, and often most expensive, is your equipment. And should the unexpected happen, damage to farm machinery can cost thousands of dollars—and create downtime during critical points in the year.
Fortunately, there are ways to protect the health of your equipment. With the CENEX TOTAL PROTECTION PLAN®warranty, you can have peace of mind knowing that your equipment is protected from the inside out.
For a affordable, one-time setup fee, the Cenex Total Protection Plan covers your equipment for the long run. An industry-leading guarantee, the plan protects equipment above and beyond manufacturers’ warranties, covering new equipment for up to 10 years or 10,000 hours and used equipment for up to 8 years or 8,000 hours.
Learn more about protecting your equipment
It’s important to use high-quality fuels and lubricants to keep equipment running in peak condition. That’s why the plan requires exclusive use of Cenex® fluids—all of which meet or exceed OEM product specifications—and LubeScan oil analyses that reveal important data about what’s going on under the hood.
When used together, Cenex fuels and lubricants provide optimal performance for machinery. For example, CENEX® RUBY FIELDMASTER® premium diesel fuel can increase engine power by up to 4.5 percent as well as increase fuel economy by up to 5 percent.
“The Cenex Total Protection Plan is important to the cooperative network. A co-op is family — we take care of each other. We help farmers get better prices, have better buying power and work in unity,” says Craig Bollig, regional sales director of lubricants for CHS.
Spring and warmer weather are upon us. It’s a great time to plant the seed of community support and grow pride in your community by encouraging your local cooperative to apply for a Seeds for Stewardship matching grant. Since Seeds for Stewardship began in early 2017, CHS has partnered with more than 70 local cooperatives on more than 100 projects in rural communities. Your cooperative could be next!
White Hall, Ill., farmer Maria Cox, left, and her crop advisor Kyle Lake were named 2018 4R Advocates by The Fertilizer Institute. Photo by Erin Williams, CHS.
Adapted from C magazine article by Peg Zenk
READ MORE: Find the entire C magazine article here.
Not all risk is bad. While farmers work hard to reduce financial risk, innovators take calculated risks when it comes to new when it comes to new agronomic approaches.
Illinois farmer Maria Cox is one of those innovators. She and her crop advisor, Kyle Lake, with CHS in Carrollton, Ill., were named 2018 4R Advocates by The Fertilizer Institute. Each year, the award recognizes five farmer-retail agronomist teams who are dedicated to implementing the 4Rs of nutrient stewardship: using the right nutrient source, at the right rate, at the right time and in the right place.
In conversations with Cox and others who have actively embraced the 4Rs, common management challenges and strategies emerge. Among all the technologies and tactics they’ve tried, these growers point to strategies that are producing the biggest benefits in terms of soil health and the bottom line. (more…)