The CHS Foundation, funded by charitable gifts from CHS Inc., announced it has awarded more than $440,000 in cooperative education grants to projects that will help students learn about the cooperative business model and what makes cooperatives unique.
“October is National Co-op Month to raise awareness about cooperatives. What better time to celebrate how the CHS Foundation has supported cooperative education projects for more than 20 years?” says Nanci Lilja, president, CHS Foundation. (more…)
Image Courtesy of Kyle Schafer
Crops demand nutrition throughout the entire growing period, but most of them can’t utilize those nutrients effectively during early development. A shortage of nutrients can lead to significant yield loss and stunted plant development.
How effectively those nutrients are managed in the spring can affect how the crops look in the fall. Weather and other pest and weed influences can also impact crop growth and development, but good nutrient management is essential as crops reach the final stages of growth. As crops move through the grain fill period in the fall, growers need to keep an eye out for nutrient deficiency symptoms. (more…)
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:
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…)
Monday, August 27, 2018
Bin status at Philip, SD
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.
Friday, August 24, 2018
Media Statement from CHS
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 Intern, Mackenzie Derry, checks out a soybean field showing signs of Iron Deficiency Chlorosis (IDC). She also demonstrates how to protect your soybean fields from the effects of IDC.
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…)
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…)