Monthly Archives:: July 2018

CHS reports net income of $229.3 million for the 3rd quarter of fiscal 2018

CHS income
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…)

The difference between drift and volatilization

herbicide application
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 New Horizons supports hometown community safety initiative

Photo L to R: Scott Libbesmeier, Tanner Lehman, Deb Stoneburg (CHS New Horizons), and Todd Vipond (Fire Chief)

 

Herman, MN – This spring, CHS New Horizons announced a $5,000 grant to Herman Fire Department in Herman, MN. The funds supported the purchase of a Quick Rescue truck, which will be used to assist responders during rescue calls.

“We’re proud to support this project as a way to strengthen the community and see it thrive,” says Jerry Kramer, CHS New Horizons General Manager. “Projects like this are essential to enriching our rural area and the people who live here.”

The funds contributed by CHS New Horizons were matched dollar for dollar by a CHS Seeds for Stewardship grant, which helps cooperatives grow their impact locally. Together, $5,000 will benefit Herman Fire Department.

“Cooperatives were founded on the principles of education, community involvement and cooperation,” says Kramer. “By combining resources, we are providing double the impact to our area and demonstrating the cooperative spirit.”

Providing products and services in the agronomy, energy, and grain markets with locations in the communities of Chokio, Donnelly, Fergus Falls, Herman, Morris & Underwood, CHS New Horizons is here to supply for your needs. For more on what’s new, visit us at www.chsnewhorizons.com, like us on Facebook, and follow us on Twitter.

© 2019 CHS Inc.