reported net income of $248.8 million for the second quarter of fiscal 2019 and
$596.3 million for the first six months of fiscal 2019.
strong performance in the second quarter reflects our hard work at serving our
owners and other customers better. We’ve refocused on serving our customers and
improving our operations, and that has shown positive results in our financials
for the first half of fiscal 2019,” said Jay Debertin, CHS president and
chief executive officer. “Our performance also reflects the benefit of a
diverse platform across business units that serves our cooperative and
Grain powers American agriculture. During Stand-Up for Grain Safety Week, March 25 through 29, we want to remind everyone working on farms and in grain-handling facilities to respect and understand the risks associated with working with grain.
“It’s important to continue to work with the industry, our
employees and our farmer-owners on the hazards in the grain industry, while
stressing safe practices and controls to ensure their safety,” says Matt
Surdick, manager, Country Operations Environment, Health and Safety, CHS.
People in rural communities live surrounded by growing food,
but they experience hunger too. That’s why CHS is once again teaming up with
local farmers to fight hunger in rural America. The CHS Harvest for Hunger food,
grain and fund drive begins March 1 and continues through March 20 at your
nearest CHS location.
“We might never know that the neighbor across the road or
down the drive struggles to put food on the table, but through our efforts this
month, we can make sure those local food shelves can anonymously help those who
need it most,” says Rick Dusek, executive vice president, CHS Country
Operations. “For nine years now, our CHS employees and farmer-owners have
stepped up during this annual campaign to help local and regional food shelves
feed those in need.”
Since 2011, CHS has raised more than $5.6 million and 3.6
million pounds of food through its Country Operations business units. CHS
locations across the United States have organized ways to get farmer, ranchers,
employees and community members involved in fun and interactive ways to raise
food and funds to fight hunger.
Financial donations are encouraged as they give food banks
additional buying power to provide nutritious food at deeply discounted rates;
$1 equals 6 pounds of food for area food banks. But food and grain donations
are also accepted. Every donation counts.
“All the food, money and grain raised by CHS Harvest for
Hunger goes directly back to local and regional food banks to help fill their
shelves,” Dusek says. “This way, we can help those in need by ensuring those
organizations dedicated to fighting rural hunger have the resources they need
to make a real difference in people’s lives.”
Stop by or contact your nearest CHS location to learn how you
can support CHS Harvest for Hunger.
When most people think of agriculture, they wonder how we are going to feed the growing population of 9.6 billion by 2050. And while that’s an important question to consider, I find myself thinking more often about the individuals needed to fill the talent pipeline to feed that growing population.
With nearly 4 in 10 agriculture jobs going unfilled each
year and the average-age of farmers ever increasing, it’s going to take a
pragmatic, creative approach to encourage young people to pursue careers in
CHS has completed the acquisition of West Central Distribution, LLC, a full-service wholesale distributor of agronomy products headquartered in Willmar, Minnesota.
“Completing the acquisition of West Central demonstrates
our commitment to provide more of the products, services and technologies
cooperatives, retailers and our farmer-owners need to compete,” said Gary
Halvorson, senior vice president, CHS Agronomy. “Ownership of West Central
expands our agronomy platform, positions CHS as a leading supply partner to
cooperatives and retailers serving growers throughout the United States and
adds value for CHS owners.”
It may be impossible to tell with complete certainty where a disease
will be an issue, but most people can agree on the conditions that can lead to
disease. These conditions, otherwise known as the Disease Triangle, include a
susceptible host, a conducive environment and a pathogen. When those three
things collide, there will be a disease issue.
we can see the triangle forming, we can’t always predict how strong the
pathogen will spread or how strong it will be. Because we are unable to make
this prediction, prevention and planning are key to stopping the spread of
One of the largest rural youth leadership organizations, FFA, kicks off National FFA Week, Feb. 16-23 to celebrate all things ag leaders, blue corduroy and agricultural education. Many CHS employees are former FFA members and many CHS locations are involved with their local FFA chapters.
CHS Inc. has reported a net income of $347.1 million for the first quarter of fiscal 2019. “Our strong first quarter results position us well as we start our 2019 fiscal year,” said Jay Debertin, CHS president and chief executive officer. “We are focused on making CHS our customers’ first choice by advancing our technology solutions and equipping employees to meet the changing needs of our customers around the world. We will do this while maintaining financial discipline and rigor.”
The 2018 CHS Annual Meeting wrapped up December 7 as more than 1,900 CHS member-owners took part in educational sessions, board elections and governance, and heard company updates in Minneapolis, Minnesota. A recap of the meeting, including the 2018 CHS Annual Report, videos and photos is ready to view.
During CHS Board elections Friday morning, CHS owners elected a farmer from Nebraska and re-elected four other farmers to serve three-year terms on the board. CHS Directors must be full-time farmers or ranchers to be eligible for election to the 17-member board.
Newly elected Director David Beckman of Elgin, Nebraska, succeeds Don Anthony of Lexington, Nebraska, who retired after serving on the board since 2006. Along with his wife, brother and their families, Beckman raises irrigated corn and soybeans and operates a custom hog-feeding operation. He received his bachelor’s degree in agronomy from the University of Nebraska-Lincoln, and he serves as board chairman for Central Valley Ag Cooperative, York, Nebraska, and secretary of the Nebraska Cooperative Council.
Re-elected were Steve Fritel, Rugby, North Dakota; David Johnsrud, Starbuck, Minnesota; David Kayser, Alexandria, South Dakota; and Russ Kehl, Quincy, Washington.
Following the annual meeting, the CHS Board re-elected Dan Schurr, LeClaire, Iowa, to a one-year term as chairman. Other directors selected as officers for 2019 were:
J. Blew, Castleton, Kansas, first vice chairman
David Johnsrud, Starbuck, Minnesota, secretary-treasurer
Jon Erickson, Minot, North Dakota, second vice chairman
Steve Riegel, Ford, Kansas, assistant secretary-treasurer
CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, today reported net income of $775.9 million for the fiscal year that ended Aug. 31, 2018.
“Our fiscal 2018 results show the progress we are making on the priorities we set for CHS,” said Jay Debertin, CHS president and chief executive officer. “Our year-over-year financial performance shows good improvement, our balance sheet is solid, and our relationships with cooperative owners are strong. The diverse CHS business platform allowed us to deliver improved earnings and enables us to return $150 million in cash patronage and equity redemptions to owners even as we navigated challenging market conditions.” (more…)