HERMAN, MINNESOTA, April 8, 2019 – Eligible farmer-owners of CHS Border States and CHS New Horizons, two retail businesses that consolidated on Sept. 1, 2018, and now form the CHS retail business based out of Herman, Minnesota, shared in the recent distribution of cash patronage and equity based on business done with the co-op.
extremely proud to share this important cooperative membership benefit with our
customers,” said Jerry Kramer, general manager. “Delivering an economic return
to them on the business they do with CHS is one more way we help our owners
CHS Border States allocated a total of $1,515,071.64 in patronage dividends to its eligible members based on business done Sept. 1, 2017 – Aug. 31, 2018, of which $267,713.25 is being paid out in cash. CHS New Horizons allocated a total of $2,215,658.20 in patronage dividends to its eligible members during that same time period, of which $592,958.38 is being paid out in cash.
Inc. will return $150 million in cash patronage and equity redemption to its
owners in 2019, part of the cooperative’s commitment to sharing profits with
our owners and returning money to rural America where it can be reinvested in
the community. More than 840 local cooperatives and 25,000 farmers share in
this distribution of cash patronage and equity redemptions.
returned to owners is determined annually by the CHS Board of Directors.
to our owners enables farmers, ranchers and cooperatives to invest in their own
futures,” said Dan Schurr, chairman of the CHS Board.
In the past 12
years, CHS has returned about $3.5 billion to its owners in the form of cash
retail business delivers agronomy, energy and grain products and services to Minnesota
and South Dakota ag producers and other customers from 19 locations. 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
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.