Posts By: Meghan Hinnenkamp

CHS Foundation Announces $1.5 Million Gift to Support SDSU Precision Agriculture Program

 

Photo from left to right: CAFES Dean John Killefer, CHS Board of Director Tracy Jones, CHS Board of Director Randy Knecht, CHS Foundation President Nanci Lilja, SDSU President Barry Dunn, Jerome J. Lohr College of Engineering Dean Bruce Berdanier, CHS Board of Director Dave Kayser, and CHS Region Vice President Ed Mallett.

 

The CHS Foundation, funded by charitable gifts from CHS Inc., announced a $1.5 million grant to support the South Dakota State University (SDSU) precision agriculture program and construction of the new Raven Precision Agriculture Center on campus.

“The gift from the CHS Foundation is pivotal in allowing us to make our globally preeminent precision agriculture program a reality,” says John Killefer, the South Dakota Corn Utilization Council Endowed Dean of the SDSU College of Agriculture, Food and Environmental Sciences.

The gift aligns with CHS priorities around ensuring that educating the next generation of ag leadership includes technology and tradition.

“The CHS Foundation is committed to supporting projects that cultivate opportunity for students interested in the agriculture industry,” says Nanci Lilja, president, CHS Foundation. “By supporting the precision ag program at SDSU, there will be more qualified graduates entering the agriculture industry.”

SDSU is the nation’s first land-grant university to offer a bachelor’s degree and minor in precision agriculture. The degree is a collaborative effort encompassing the Agricultural and Biosystems Engineering Department and the Agronomy, Horticulture and Plant Science Department in the College of Agriculture, Food and Environmental Sciences, as well as the Jerome J. Lohr College of Engineering.

SDSU’s precision agriculture degree will provide students with access to cutting-edge developments in the rapidly evolving intersection of agronomics, high-speed sensor technology, data management and advanced machinery development. Students will be prepared for lifelong careers that support economically and environmentally sustainable agriculture.

This facility will allow the state to lead the nation in precision agriculture research, teaching and innovation.

“The gift in support of the Raven Precision Agriculture Center will positively impact our students and industry for decades to come,” says Killefer. “This commitment from the CHS Foundation illustrates the leadership role and vision they have within the agricultural industry.”

The building has 129,000 square feet of floor space that will be able to house modern precision farm equipment and will provide collaborative learning spaces for student design projects. Flexible space will give scientists from a variety of departments and industry space to collaborate on research and education.

“Precision agriculture technology is ever-changing,” says Lilja. “It’s exciting to envision the impact students will have by developing new technologies through collaboration with their peers and industry leaders in this new environment.”

Final construction plans are in-progress. Some ground work is expected to begin this fall, with construction starting in the spring of 2019.

About the CHS Foundation

The CHS Foundation, funded by charitable gifts from CHS Inc., is focused on developing a new generation of agriculture leaders for life-long success. Together, with our partners, we are igniting innovation and driving excellence in agriculture education, cultivating high-impact programs for rural youth and accelerating potential for careers in agriculture. Learn more at http://chsfoundation.org.

About South Dakota State University
Founded in 1881, South Dakota State University is the state’s Morrill Act land-grant institution as well as its largest, most comprehensive school of higher education. SDSU confers degrees from seven different colleges representing more than 200 majors, minors and specializations. The institution also offers 36 master’s degree programs, 15 Ph.D. and two professional programs.

The work of the university is carried out on a residential campus in Brookings, at sites in Sioux Falls, Pierre and Rapid City, and through Extension offices and Agricultural Experiment Station research sites across the state.

 

 

Cenex® Gift Cards for Gallons Starts November 1

Starting November 1, 2018, through February 28, 2019, you can earn one $50 VISA® gift card for every 125 gallons of lubricant and grease products purchased.

Eligible lubricant products include:

  • Maxtron® DEO
  • Maxtron® Enviro-EDGE®
  • Maxtron® GL
  • Maxtron® THF+
  • MP Gear Lube
  • Qwiklift® HTB®
  • Superlube 518®
  • Superlube TMS®

Eligible grease products include:

  • HD Moly Xtreme
  • Poly-Xtreme®
  • Maxtron® EP
  • Blue Gard® 500+™
  • Fluid Gear Grease
  • Molyplex 500+
  • ML 365®
  • Red Protect XT®
  • Maxtron® FS

 

Getting your reward is easy:

  • Complete a Gift Cards for Gallons Redemption Form (you can obtain this from your local CHS energy team), attach the qualifying sales receipt(s) or invoices, and submit by mail no later than April 6, 2019.   Contact our office with any questions!

CHS Fertilizer Plant Project in Fergus Falls, MN

Get the Project Details Here!

What will the new facility include?

When completed, CHS will have a state of the art fertilizer facility at our French location!  This facility will include the following components:

  • Faster fertilizer load out, which means we can get product to your fields over twice as fast as our current systems in both our French and Fergus East sites. This process will go from around 30 minutes currently to between 8-10 minutes with the new site.
  • Ability to impregnate 6+ products with automated impregnation system.
  • A significant increase in fertilizer storage! We’ll be moving from a combined 5,000 tons of storage between French and Fergus East to 10,890 tons of storage in the new facility, with more (and bigger) bins for individual products.
  • We’re really excited about the addition of a Sackett Waconia High Intensity Mixer. With this system, you can be confident that every blend is as uniform as possible – see what all the excitement is about by checking out their YouTube product video (if you want to skip to the good stuff, start watching at 0:50).
  • This facility will also include an 86×86’ chemical shed, with 8 bulk tanks.
  • The capacity of the tower will triple – going from 90 ton to 300 ton.
  • As with any new facility, this will be built to the latest OSHA & industry safety standards to ensure the safety of our employees, customers, and community members.

Below are a few photos of a facility that is built similarly to ours, to give an example of what it will look like:

 

When will the new facility be functional?

The site will be functional for spring fertilizer next year.

What should I do for fall fertilizer in 2018?

While the fall fertilizer process will change a little on our end as this facility is built, you shouldn’t see any changes.  Please continue to call your agronomy contact to place your fertilizer orders for fall as you have in past years.

Where will my agronomy team be located this fall?

Nothing will change for this fall – you can still contact your agronomy team in either the French or Underwood offices this fall and into this winter.

 

Interested in keeping up to date on the construction progress with the plant?  Sign up for email updates here!

Two CHS businesses unify on Sept. 1 for greater patron benefit

HERMAN, Minn. (Sept. 4, 2018) –  On Sept. 1, two locally governed CHS ag retailers, CHS Border States and CHS New Horizons, began operating as one unified business unit under the name of CHS.

The two producer boards of CHS Border States and CHS New Horizons voted unanimously in March to unify their operations and create one new business unit within CHS. The two boards came to this decision after much thoughtful discussion about how best to serve the farmers, ranchers and other customers in South Dakota and Minnesota as the agriculture industry continues to evolve.

“Our board room discussions revealed much greater advantages to our patrons with a full unification,” said Dana Stapleton, former board president, CHS Border States. “Both of our operations were already strong financially, but combining these two business units allows us to put the appropriate levels of resources into services and programs while strengthening our risk management and leverage with suppliers.”

“The conversation about unification has been ongoing for some time,” said Steven Deal, former board president, CHS New Horizons. “But when Dean Longnecker, general manager, CHS Border States, announced his retirement plans earlier this year, this decision caused both boards to look at the idea more closely.”

Longnecker retired on March 2, 2018, and at that time, Jerry Kramer, general manager for CHS New Horizons, was chosen to lead the new operation. The two business units have been working together operationally since then, but the full unification did not occur until Sept. 1, the start of the new CHS fiscal year.

The two producer boards have merged into one board to oversee the new operation, with Steven Deal as president and Dana Stapleton as vice president. The two business units have spent the summer bringing operations together so that, starting Sept. 1, the change should be seamless for customers and business partners. The main administrative office will be in Herman, Minn. A new website is being developed (chs-herman.com) and will be live in mid-September.

The new business unit is part of CHS Inc. (www.chsinc.com), a leading U.S. farmer-owned cooperative. Diversified in energy, 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 business solutions including insurance, 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, 2017. 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.

 

August 2018 Sealed Bid Equipment Auction

Sealed bids for auction equipment will be accepted until 5PM on Friday, August 31, 2018 at CHS New Horizons in Chokio, MN.  Bids received after this time will not be considered and we reserve the right to refuse any bids.  

Equipment is sold as-is, no warranty.  Any and all information is shared to the best of our knowledge and is not necessarily an all-inclusive description of the equipment; it is up to each bidder to verify the accuracy of these statements and the condition of the items before bidding.  

Bid Process:
Your bid must include your name, address, phone number, bid amount & unit number of equipment.  Submit your sealed bid to the CHS New Horizons office in Chokio by either mail (CHS New Horizons, Attn: Equipment Sealed Bid Auction, PO Box 126, Chokio MN 56221) or drop off at the front office in a sealed envelope, marked ‘Equipment Sealed Bid Auction’.

Bids will be reviewed the week of September 4 and all winning bidders will be notified by Friday, September 7.  Equipment must be paid in full and picked up by Friday, September 14, 2018.  
Questions regarding the sealed bid equipment auction can be directed to Doug Olson at 320-324-2477.  Equipment is available for viewing in Chokio & Herman; check individual equipment photos on our Facebook link here for location information.

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.

June 20th Scouting Report

Curious what’s happening throughout our territory?  Members of our agronomy team weigh in below with what they’re seeing in fields so far this season.

 

Aaron Helbling Scouting Report
CHS New Horizons in French

Corn: A lot of corn fields are growing really fast, and early sprays have been keeping most fields really clean. Keep checking on fields as they get close to canopy, remembering that chemical options start to get fewer and fewer as your corn grows. We are also getting to the stages where tissue testing will show fertilizer needs.

Soybeans: Pre’s worked great this year but are breaking down fast. Throwing in some residual for late flushing weeds such as waterhemp on these passes should get you to canopy really clean. Be aware of dicamba deadlines, and have a backup plan ready. With a lot of moisture and beans getting close to flowering, remember last year’s issues with white mold and ask about fungicide timings.

Wheat: Wheat is approaching heading fast, we have seen great results with fungicide treatment at heading (especially in moist conditions).

Alfalfa: Seeing more alfalfa weevil this year, after first cutting is a prime time to be watching for weevils.

 

Sam Westby Scouting Report
CHS New Horizons in Chokio

In our area, corn is sitting around V5-V6, and spraying is going well so far.  Soybeans are all over the board as far as stages – averages are around V3-V4, and they are looking good.  The eastern part of our territory is looking a bit too wet, and around Chokio things are okay but still a little on the wet side.  looking forward, continue monitoring weeds and get them sprayed as needed, especially as things begin to dry up in the next week.

 

James Svendsgaard Scouting Report
CHS New Horizons in Fergus East

Our area is wet, with 2-3” of rain over the weekend.  On the plus side, we have enough moisture in the ground with a good number of GDUs already, so it’s a ‘good problem’ to have as the crops are growing well.  Beans are starting to get weedy, so now is the time to get them sprayed. Corn has been growing extremely fast and a lot is already canopied.  With this in mind, we are in our last push for corn topdressing.  Wheat is looking very good – the majority is finished with topdressing.  With wheat, think about fungicide as they move into heading to help prevent dockage at elevators in the fall.

June 8th Scouting Report

 

Curious what’s happening throughout our territory?  Members of our agronomy team weigh in below with what they’re seeing in fields so far this season.

Sam Westby Scouting Report
CHS New Horizons in Chokio

     Corn: Corn is anywhere from V3-V5 stage around here. We are starting to see more and more weeds poking through in fields that had pre-emergence chemistry applied. (more…)

Grain Markets Update

By Rich Cole, Grain Manager

 

Corn quality and railroad performance have been the two main features in the grain world lately. Robust corn exports off the PNW has created a much needed and welcome demand boost, along with some basis opportunity; but all the demand leaves us prone to railroad performance. The snow and cold temperatures that occurred along the PNW corridor in February hampered BNSF movement, slowed them down considerably, and spiked car values. This created a logistics knot that has taken quite a few weeks to untie and pushed back loadings at our elevators as we waited for cars. Recently, the BNSF has finally started catching up and has been pushing in train after train close together, making it quite a challenging situation at our locations.

Quality is the next big issue this year that we are struggling with. Early this winter it seemed the cold temperatures were causing the corn to crack and break but as the weather has warmed up we are still dealing with high amounts of FM. Perhaps this is related to growing degree days, the maturity of the corn, or maybe the speed of drying. Regardless of the reasons for it, we are continuing to struggle with quality and have a big book of trains yet to load in the coming months. We have taken discounts on everything from grades to screenings generated to demurrage on trains as loading has taken considerable effort. We appreciate your understanding and effort also as we’ve gone from sitting full waiting on trains to taking deliveries on extended hours to get these trains loaded.

From a market point of view, next up is the March 29th acreage report. Trade guesses are for the U.S. to plant more soybeans than corn for the first time in over 30 years. Time will tell what the actual numbers will be but it is certain to cause some volatility in our already volatile markets. Planting season is right around the corner and we want to wish everyone a safe and productive spring!

 

This material has been prepared by a sales or trading employee or agent of CHS Hedging, LLC. and should be considered a solicitation.  This communication may contain privileged and/or confidential information and is intended only for the use of the individual or entity to which it is addressed.  If the reader of this message is not the intended recipient, you are hereby notified that any unauthorized dissemination, distribution, and/or use of this communication is strictly prohibited.  CHS Hedging, LLC. makes no representation or warranty regarding the correctness of any information contained herein, or the appropriateness of any transaction for any person.  There is a risk of loss when trading commodity futures and options. 

 

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