Today’s agricultural equipment is expected to work harder
than ever before—covering more acreage and running for longer hours to get the
job done. With the amount of stress equipment must handle, a high-quality
lubricant is crucial for protecting metal components from extreme field
Using a premium quality tractor hydraulic fluid (THF),
provides users with the peace of mind that their equipment is protected from
the beginning of harvest to the end. But what does the term “premium” really mean?
When you choose to do business with CHS, you are connected to a
world of opportunities powered by local experts.
As the nation’s leading farmer-owned cooperative, CHS creates
connections that help its owners build their operations and their communities.
In celebration of National Co-op Month, we dug deep into the cooperative model to reveal seven benefits of being an owner of CHS. Benefits that extend far past the field. Watch a video on the benefits of cooperative ownership.
11, CHS celebrates 811 Day and encourages you to call 811 before doing any kind
of digging. The process is simple: call 811 three days before digging, wait for
underground utilities to be marked for free and avoid breaking ground about two
feet from the marked utilities.
announced the decision to build a new, state-of-the-art elevator facility at
its Herman location. The build will supplement the current elevator in town and
will sit at a site north of the CHS agronomy center. Construction is projected
to start in August 2019 with the project finalized and ready to receive grain
for harvest in September 2020.
“CHS has been
part of our community since 1909, when the Herman Market Company was founded,”
says General Manager Jerry Kramer. “In building this new grain facility in our
town, we look forward to supporting our community and area farmers for
hopefully another 110 years.”
facility will add 1.4 million bushels of upright concrete storage with three
dump pits and an RFID card system for quick and efficient grain delivery for
farmers. Grain-receiving capacity at the site will be up to 75,000 bushels per
hour. Kramer says that while the new site will have the size and scale to
handle the majority of the cooperative’s bushel receipts, CHS will continue to
operate the downtown grain elevator to create the quickest delivery experience
for growers during the heat of harvest and other key delivery times. Combined
storage with the two sites will reach 3.4 million bushels, with five dump pits
with receiving capacity over 100,000 bushels per hour.
The Herman-based retail business delivers agronomy, energy and grain products and services to Minnesota and South Dakota ag producers and other customers from locations in 12 communities. It is part of CHS Inc., a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, agronomy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients along with financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
This document and other
CHS Inc. publicly available documents contain, and CHS officers and
representatives may from time to time make, “forward–looking statements” within
the meaning of the safe harbor provisions of the U.S. Private Securities
Litigation Report Act of 1995. Forward–looking statements can be identified by
words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,”
“project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,”
“should,” “will” and similar references to future periods. Forward–looking
statements are neither historical facts nor assurances of future performance.
Instead, they are based only on CHS current beliefs, expectations and
assumptions regarding the future of its businesses, future plans and
strategies, projections, anticipated events and trends, the economy and other
future conditions. Because forward–looking statements relate to the future,
they are subject to inherent uncertainties, risks and changes in circumstances
that are difficult to predict and many of which are outside of CHS control. CHS
actual results and financial condition may differ materially from those
indicated in the forward–looking statements. Therefore, you should not rely on
any of these forward–looking statements. Important factors that could cause CHS
actual results and financial condition to differ materially from those
indicated in the forward–looking statements are discussed or identified in CHS
public filings made with the U.S. Securities and Exchange Commission, including
in the “Risk Factors” discussion in Item 1A of CHS Annual Report on
Form 10–K for the fiscal year ended August 31, 2018. Any forward–looking statements
made by CHS in this document are based only on information currently available
to CHS and speak only as of the date on which the statement is made. CHS
undertakes no obligation to publicly update any forward–looking statement,
whether written or oral, that may be made from time to time, whether as a
result of new information, future developments or otherwise.
Time. We never seem to have enough of it. And every new tech tool seems to just add another online destination with a singular purpose. But not for CHS patrons. With a simple single sign-on, producers can see their CHS business activity all in one place, even if they have multiple accounts. Contracts, bookings, prepays, scale tickets, payment history and more for agronomy, energy, grain and seed business can be viewed, sorted – even downloaded – from anywhere, anytime. All from one, web-based app: MyCHS.
The biggest advantage? Saving time. CHS transactions are a touch away – whether in front of a laptop in a farm office, on a tablet in the field or on a phone in the tractor cab.
“I can customize what I can see,” says Lucas Goodwin, Minnesota farmer and MyCHS user. “Filtering is easy. And navigating between all the separate components, like the contracts and the settlements, is logical and quick.”
Lucas was among a group of CHS customers picked to give app feedback in small focus groups and then as a beta user, comparing the new MyCHS with the former Customer Resources tool. Getting customer feedback early and ongoing during the development process was critical to making sure the web-based app fit the way today’s farmer wants to use technology.
“It’s a nice upgrade,” he concludes of MyCHS. He was a user of the former application. The recent upgrade provides all producers doing business with CHS with the data they need to make timely, information-rich decisions.
“Our CHS producers have continued to advance and look for ways to become the best they can be in some of the toughest markets they’ve experienced,” says Megan Schmit, director, Grain Procurement for CHS Country Operations division. “Even our producers who may not have called themselves tech savvy are using more and more tools to better their operation and MyCHS is
giving them access to their total business with us, not just grain.”
Megan was part of the CHS team helping connect with farmers and finding out what would serve their information needs.
“I’m excited that we’re not stopping here,” she adds. “We’re going to continually take feedback from our producers and employees to keep improving and enhancing this tool for years to come.”
MyCHS is a free web-based app, available to any farmer or rancher doing business with CHS. It’s easy to register here and start seeing what MyCHS can do to help you.
Company reports net income of $650.9 million for first nine months of fiscal year
CHS Inc. today announced its financial results for the third quarter and the first nine months of fiscal year 2019.
Net income of $54.6 million for the third quarter of fiscal 2019 compared to $181.8 million for the restated third quarter of fiscal 2018. One-time pre-tax gains of $124.1 million in the restated third quarter of fiscal year 2018 were not realized in the same time period in fiscal 2019. One-time pre-tax gains of $19.2 million related to the purchase of the remaining 75 percent share of West Central Distribution, LLC were realized in the third quarter of fiscal 2019.
Consolidated revenues of $8.5 billion for the third quarter of fiscal 2019 compared to $9.1 billion for the restated third quarter of fiscal 2018.
Net income of $650.9 million for the first nine months of fiscal 2019 compared to $535.5 million for the restated first nine months of fiscal 2018, an increase of 21.5 percent.
By Steve Hinds, Senior Business Development Manager, CHS Refined Fuels Marketing from the Cenexperts blog
Incompatible people are often said to mix like oil and water.
But if you really want to talk about an unfortunate combination, look no
further than fuel and water. Water in a machine’s fuel line can be a one-way
ticket to trouble.
The good news about water damage is it’s preventable. Here’s
what you need to know about diesel fuel water contamination and how to keep it
from sinking your operation.
Missed the 2019 CHS Owners Forum in your area? Tune in for the CHS Owners Forum webinar Friday, June 28, 1:00 to 2:30 p.m. CT, to hear business updates from CHS leadership including CHS President and CEO Jay Debertin. We will also take a look at industry trends and ask for your input on how we can make connections that support long-term success. Register here.
What happens when the world’s biggest buyer suddenly backs away from U.S. soybeans? That’s been a question on everyone’s mind since July 6, 2018, when the United States implemented China-specific tariffs. The move embroiled U.S. farmers and cooperatives in a trade war that hit the soybean world particularly hard. Spring USDA data shows 2018–2019 soybean export inspections down nearly 34 percent from the year before, with farms and cooperatives struggling to handle huge carryover and reduced cash flow.