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…)
For a fleet owner, there are many important decisions to make for your operation. Which fuel to use is undoubtedly one of them, but many fleet owners may not fully realize how much a premium diesel fuel can increase overall efficiency and equipment longevity.Additives are the feature that separates premium from standard-grade diesel. These additives extend the life of both the fuel and the engine. Below are five benefits of using premium diesel that help keep your vehicle on the road and in top-performing condition.1. Keep your engine clean
Detergents do exactly what they sound like: keep your fuel and engine components clean. Detergents in your diesel reduce pesky buildup on engine parts. Clean parts mean improved fuel efficiency and greater horsepower.2. Prevent deposits
Injection stabilizers address fuel oxidation problems and prevent deposits in injectors, which can prevent costly, unwanted downtime and maintenance.3. Keep unwanted moisture out
Demulsifier separates water from the fuel, preventing unwanted moisture from being carried through the fuel system. This creates less wear on injectors and makes for fewer filter replacements.4. Quicker start-ups
Cetane measures a fuel’s ignition delay — or how quickly the air and fuel mixture combusts in your engine. Premium diesel has a higher cetane, which means a shorter delay and better ignition quality, and leads to faster start-ups and reduced wear on your batteries and starter, along with less pollution.
5. Reduce friction
Lubrication in an engine helps reduce overall friction. Diesel lubricants specifically reduce the friction and wear of the fuel pump and injection components. These engine parts are under intense pressure, and friction-reducing agents provide 10 to 15 percent better protection against friction and wear on the fuel pump than a typical #2 diesel fuel does.
Your engine is cleaner and runs more efficiently when all the engine components work together. A premium diesel can help make this happen by delivering more power and better fuel economy than a regular #2. In fact, tests have shown a 4.5 percent increase in power and a 5 percent increase in fuel economy compared to a typical diesel fuel.
In more than 14,000 hours of grueling real-world tests,CENEX® ROADMASTER XL®prevented injection fouling and filter plugging while delivering premium power and fuel economy. If you have any questions about choosing the best product for your rig or equipment, contact yourLOCAL CENEX DEALER.
Using the right grease is one of the most important decisions you can make as you prepare equipment for the high-pressure planting season. But recent updates in grease formulations might make you do a double take as you get ready for spring.
“When you put the grease into your grease gun and on bearings, you’re going to notice it looks different,” says Andrew Hamilton, director of technical services and quality for Cenex® lubricants and refined fuels. “That is on purpose. You’re getting a better grease.” (more…)
The global grain trading business is risky. Avalanches and mudslides can stop trains in their tracks. Striking union workers can halt grain loading at port. Freezing sea spray and high swells can delay ocean vessels for days. Commodity prices and costs shift constantly.
While those situations may be beyond a grain company’s control, there are countless other factors that a team of CHS experts successfully manages 365 days a year – always focused on efficiency, safety and profitability. (more…)
CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, today reported net income of $346.7 million for the first half of its 2018 fiscal year (six-month period ended Feb. 28, 2018), compared to net income of $223.7 million for the same time period a year ago.
Consolidated revenues for the first half of fiscal 2018 were $14.9 billion, down from $15.4 billion for the first half of fiscal 2017. Pretax income was $185.0 million and $249.1 million for the first half of fiscal 2018 and 2017, respectively. (more…)
CHS now has more than 100 ResponsibleAg certified facilities from its CHS Country Operations and CHS Agronomy divisions. Out of all U.S. fertilizer facilities receiving this certification, CHS represents 12 percent of the total.
ResponsibleAg was started in 2014 to assist agribusinesses as they sought to comply with federal environmental, health, safety and security rules regarding the safe handling and storage of fertilizer products. The rigorous application process includes a checklist of more than 320 questions about federal regulatory requirements. To be certified as a ResponsibleAg facility, locations must be 100 percent compliant with the entire checklist. (more…)