The CHS Foundation, funded by charitable gifts from CHS Inc., announced it has awarded more than $440,000 in cooperative education grants to projects that will help students learn about the cooperative business model and what makes cooperatives unique.
“October is National Co-op Month to raise awareness about cooperatives. What better time to celebrate how the CHS Foundation has supported cooperative education projects for more than 20 years?” says Nanci Lilja, president, CHS Foundation. (more…)
Crops demand nutrition throughout the entire growing period, but most of them can’t utilize those nutrients effectively during early development. A shortage of nutrients can lead to significant yield loss and stunted plant development.
How effectively those nutrients are managed in the spring can affect how the crops look in the fall. Weather and other pest and weed influences can also impact crop growth and development, but good nutrient management is essential as crops reach the final stages of growth. As crops move through the grain fill period in the fall, growers need to keep an eye out for nutrient deficiency symptoms. (more…)
Patronage and equity are key benefits for owners of CHS and the cooperative system. CHS is committed to distributing patronage and redeeming equity for its owners while maintaining a strong balance sheet so it can continue to provide owners with the goods, services and supply chain capabilities required for long-term success.
Following the close of fiscal 2018, the CHS Board of Directors has announced the following patronage and equity distribution decisions: (more…)
Trade is a critically important part of business for CHS and for our farmer-owners, yet U.S. trade policy remains uncertain and dynamic. Tariffs being applied to imports from China and other important international markets – and resulting retaliatory measures from our trading partners – could have an impact across the entire CHS enterprise. This could offer significant challenges as our owners move toward harvest this fall. (more…)
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 rain stopped just in time for CHS Mountain West to officially break ground on a new grain, fertilizer and energy campus within the recently opened Glacier Rail Park in Kalispell, Montana, on June 21.
The site will include a steel grain facility with 470,000-bushel storage capacity and a 4,700-ton capacity fertilizer plant, both strategically situated with access to a 54-car rail track operated by Mission Mountain Railroad. CHS Mountain West expects to handle approximately 11,000 tons of fertilizer and move 1.7 million bushels of various grains annually through the facility. The site will also include product warehouse space and an ag supply retail store, bringing three CHS Mountain West locations in Kalispell onto one campus. The new fertilizer plant and grain elevator are expected to be completed by Spring 2019.
“This new facility will allow us to secure market opportunities when prices are best and pass those savings on to the farmers,” said Doug Manning, a farmer in the area and board member for CHS Mountain West Co-op.
During the groundbreaking, speakers laid out the history of the project and how the new facility will help Kalispell transition from a train town to a major urban center while preserving the agricultural roots in the valley for future generations. Kalispell was built as a rail town back in 1892, but as the town has grown into a more urban hub in Montana, the central location of the rail has disrupted traffic patterns in the growing town. Sections of the rail stamped with the 1892 date will be preserved and displayed to commemorate this history.
“This project took leadership and vision from everybody,” said Mark Johnson, mayor of Kalispell. “It was not easy but what we had was the end goal in mind — the relocation of several businesses out to the rail park, a successful rail park and the redevelopment of downtown Kalispell. This has been a true team effort and I am proud to be part of that team.”
Various news outlets covered the ground breaking. Read more about the project in the story from the Flathead Beacon and Daily Inter Lake newspapers and watch news coverage from the local CBS and NBC affiliates.
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…)
Spring and warmer weather are upon us. It’s a great time to plant the seed of community support and grow pride in your community by encouraging your local cooperative to apply for a Seeds for Stewardship matching grant. Since Seeds for Stewardship began in early 2017, CHS has partnered with more than 70 local cooperatives on more than 100 projects in rural communities. Your cooperative could be next!
White Hall, Ill., farmer Maria Cox, left, and her crop advisor Kyle Lake were named 2018 4R Advocates by The Fertilizer Institute. Photo by Erin Williams, CHS.
Adapted from C magazine article by Peg Zenk
READ MORE: Find the entire C magazine article here.
Not all risk is bad. While farmers work hard to reduce financial risk, innovators take calculated risks when it comes to new when it comes to new agronomic approaches.
Illinois farmer Maria Cox is one of those innovators. She and her crop advisor, Kyle Lake, with CHS in Carrollton, Ill., were named 2018 4R Advocates by The Fertilizer Institute. Each year, the award recognizes five farmer-retail agronomist teams who are dedicated to implementing the 4Rs of nutrient stewardship: using the right nutrient source, at the right rate, at the right time and in the right place.
In conversations with Cox and others who have actively embraced the 4Rs, common management challenges and strategies emerge. Among all the technologies and tactics they’ve tried, these growers point to strategies that are producing the biggest benefits in terms of soil health and the bottom line. (more…)