CHS recently 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.”
The new 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.
