Support the industry on Global Fertilizer Day

October 13 is Global Fertilizer Day

Friday, October 13, is Global Fertilizer Day, established by the fertilizer industry as a way to help highlight the essential role fertilizers play in global food production. “About half of the world’s food production is attributable to the use of fertilizer, yet our industry commonly faces incorrect public perceptions about its importance,” says Michael Johnson, CHS Agronomy director of marketing.

(more…)

October Is Co-op Month

October is National Cooperative MonthCHS is proud to announce that October is National Cooperative Month. After all, what better time could there be than during harvest to reflect on everything cooperatives do for the farmers and ranchers who own them? As you’re busy bringing in your harvest, consider how rural co-ops, empowered by the combined strength of its owners, ensure the steady supply of affordable inputs that make your crop possible.

(more…)

Farm & Rural Helpline Answers the Call for Mental Health

Free, Confidential Service Now Available in Minnesota

St. Paul, MN – A new Farm & Rural Helpline is now available to Minnesota farmers and rural residents. The service, funded by the Minnesota Department of Agriculture (MDA), is free, confidential, and open 24 hours a day, seven days a week. The toll free number is (833) 600-2670.

Farmers and rural communities face unique stresses and emotional situations, including financial challenges, unpredictable weather, physically demanding work, and more. As stress, anxiety, depression, financial burdens, and other mental and emotional issues continue to impact the lives of farmers and rural Minnesotans, the MDA recognized the need for ongoing support.

“I farmed for 24 years, so I’m no stranger to the stress and worry that can be part of farming,” said MDA Commissioner Dave Frederickson. “I know that sometimes it helps to talk to someone about problems that can seem insurmountable. There is always help available around the corner.”

As an active farmer during the economic crisis of the 1980s, Commissioner Frederickson experienced first-hand the emotional toll farming can take on individuals and families.

He also knows that resources are available in Minnesota to families navigating the unique challenges facing farmers on a daily basis. The Farm & Rural Helpline can connect callers to financial assistance programs, health and mental health services, legal help, and more. Calls are confidential, but counselors may ask for a first name and phone number in case of a dropped call. Translation services are also available, with translators available in all languages.

The Farm & Rural Helpline is also available to those unsure of what to do about family or friends who may be experiencing anxiety, depression, or a mental health crisis.

Farmers and rural Minnesotans can call the toll free number as often as needed at (833) 600-2670.

 

Above information shared as a press release from the Minnesota Department of Agriculture on October 5, 2017

CHS announces equity management decisions

Corn field
At its September meeting, the CHS Board of Directors made a number of decisions regarding equity management. The following letter from CHS Board Chairman Dan Schurr outlines these decisions:

Dear Cooperative Owner,

CHS was built on the shared values of managing our business with the highest integrity, building lasting and mutually rewarding relationships, and partnering for our collective success.

These values guide every decision your CHS Board of Directors makes on your behalf. Thanks to the dedication and hard work of those owners and employees that came before us, CHS is a cooperative that’s been built for the long haul. Your Board of Directors will ensure that tradition continues. It’s with this spirit that we share recent Board decisions around equity management.

Despite solid performance in our core businesses, a few large events have resulted in substantial fiscal 2017 financial losses in certain patronage-based businesses. These events included a loss attributed to a large producer loan and business unit asset impairments in the United States.

(more…)

Making Your Dollars Work Smarter on Your Acres

With today’s commodity prices, it’s more vital than ever to ensure your acres are working hard toward your yield goals.  Your CHS cooperative is here to help!  Utilizing our CHS YieldPoint precision ag technology, new this fall we are able to offer the CHS YieldPoint Net Profit Program.  In this program, we compare your harvest yield data with your input costs to pinpoint the acres on each field that have higher profit potential.

This program can provide a couple of unique benefits:

  • Evaluate value of products, seed selection, and CHS YieldPoint services currently being used on the farm
  • Identify acres that will continue performing with fewer inputs
  • Identify acres that will increase performance with additional inputs

Interested in learning more? Contact your CHS YieldPoint Specialist or your CHS Prairie Lakes Account Advisor for more information.  An important item to note is the program is only as accurate as the data provided, so don’t forget to properly calibrate your yield monitor before harvest is underway to gain value from this program.

Phosphate industry expects minor impact from Irma

Loading phosphate at distribution center
There was a small uptick in phosphate sales ahead of Hurricane Irma’s arrival in Florida, where the bulk of North American phosphate production is located. Phosphate facilities there shut down as part of their hurricane preparedness plans.

Early reports from manufacturers are that damage at the facilities appears to be limited, but full assessment will take time. Some finished product has sustained water damage but no exact estimates have been released yet.

A major manufacturer expects to be able to resume production fairly soon, but says its third quarter production volumes could be impacted by the storm disruptions. It had stopped making price offers to either domestic or international customers until late Thursday, Sept. 14. The market has reacted and prices moved up significantly late last week.

Several import vessels of phosphates are arriving in the Gulf this month, including one vessel with CHS cargo, which arrived and was unloaded in between hurricanes. Most of that product is now making its way up the river system.

Staff at CHS terminals are busy filling orders and working with accounts to get product in position before the busy harvest season gets underway across the Cornbelt. CHS is working hard to make sure producers are being kept informed of any supply changes or concerns that might arise from the recent storm damage to production facilities or transportation infrastructure.

Why You Should Have a Farm Succession Plan

The failure rate for successful succession is startling and telling, according to Nationwide Insurance, the

leading insurer of family farms and ranches.  With each succeeding generation, success is harder to achieve.

 30 percent of family businesses pass to the second generation*

• 12 percent of family businesses pass to the third generation*

3 percent of family businesses reach the fourth generation*

 

Learn about Land As Your Legacy®

CHS proudly sponsors Land As Your Legacy transition planning for producers around the country.

Developed by Nationwide®, the program is designed to help provide security to families in agriculture

so the land and businesses they’ve built over generations will be preserved and remain a legacy for

generations to come. The program customizes planning for farmers, ranchers and others in

agribusiness and offers help in the following areas:

•  Farm transition planning — transferring the business to the next generation

•  Business planning — maintaining profitability over time

•  Retirement planning — ensuring money and structuring responsibility

•  Investment planning — assisting with meeting education or financial independence goals, and diversifying investments

•  Estate planning — distributing assets and tax payments

 

Learn more about the Nationwide Land As Your Legacy program at chs-nationwide.com or call 1-855-529-2729 to begin work on your plan today.

 

*Family Business in Transition, Succession Planning, Family Business Institue

http://www.familybusinessinstitute.com/index.php/Succession-Planning/

Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance

Company, Columbus, Ohio.

Nationwide and Land As Your Legacy are service marks of Nationwide Mutual Insurance Company.

© 2016 Nationwide

CHS is not affiliated with Nationwide or any of its associated companies.

LAM-2190AO.1 (03/16)

Local students receive CHS Foundation scholarships to pursue careers in agriculture

CHS Interns for 2017

 

The CHS Foundation, funded by charitable gifts from CHS Inc., is committed to developing the next generation of leaders in agriculture. As part of the foundation’s work centered on advancing agriculture education, it has awarded scholarships to six Colorado high school graduates. The Colorado students are among 100 students representing 23 states and Canada. Each will receive a $1,000 scholarship to cover expenses associated with their freshman year of college.

“The success of our hometown communities and rural America depends on students with a strong interest in agriculture to pursue ag-focused degrees and be the innovators to feed the world into the future,” says Nanci Lilja, president, CHS Foundation. “We’re pleased to recognize these students with scholarships and join their communities in looking forward to the important contributions they’ll make to the ag industry.”

These Minnesota high school students are among the 2017 CHS scholarship winners:

  • Erica Earley, Wykoff, Minn.; Northeast Iowa Community College; Agriculture Business and Beef Science
  • Jacey Edlin, Jackson, Minn.; South Dakota State University; Agricultural Education
  • Mikayla Erf, Oakdale, Minn.; University of Minnesota, Twin Cities; Animal Science
  • Dillon Gratz, Atwater, Minn.; South Dakota State University; Dairy Science
  • Kylee Kohls, Litchfield, Minn.; South Dakota State University; Agriculture Education, Communications & Leadership
  • Adam Kroll, Royalton, Minn.; North Dakota State University; Ag Economics
  • Holly Larson; Medford, Minn.; South Dakota State University; Agricultural Education
  • Madeline Patterson, Kenyon, Minn.; North Dakota State University; Agricultural Communication
  • Kourtney Pederson, Farmington, Minn.; Iowa State University; Agribusiness
  • Joshua Schlumpberger, Bowlus, Minn.; University of Minnesota, Twin Cities; Computer Science
  • John Toelle, Brown’s Valley, Minn.; North Dakota State College of Science; Farm Management
  • Jared Troendle, Lanesboro, Minn.; South Dakota State University; Agricultural Business
  • Madeline Weninger, Buffalo, Minn.; South Dakota State University; Agricultural Education
  • Sierra Williamson, Sherburn, Minn.; University of Minnesota, Twin Cities; Agricultural and Food Business Management

An independent, external committee selected recipients based on their career goals, essays, extracurricular involvement, transcripts and reference letters.  In addition to high school scholarships, the CHS Foundation funds an additional 200 scholarships for students enrolled in an agricultural-related program at colleges across the country. These scholarships range from $1,000 to $2,000 and are directly administered by more than 30 CHS partner schools. Click here for more information. 

About the CHS Foundation
The CHS Foundation is funded by charitable gifts from CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company. As a part of the CHS stewardship focus, the CHS Foundation supports organizations that develop future leaders for agriculture through education and leadership programs, improve agricultural safety and enhance community vitality in rural America. Learn more at chsinc.com/stewardship.

CHS Hedging Disclaimer

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.

© 2017 CHS Inc.