2018 Annual Meeting

We’d like to invite all farmer-owners to our 2018 annual meeting. Join us to learn more about what happened at your cooperative during the past year.

Date: Thursday, March 14, 2019
Location: Broadway Ballroom, Alexandria MN
Start Time: 5PM

The event will begin with a presentation of our local business news and financials from the past year, a meal, and entertainment provided by comedic ventriloquist James Wedgwood.

Contact a member of the CHS Prairie Lakes staff to learn more about the event! Invitations will be mailed directly to member-owners of the cooperative.

Grain Bins for Sale by Sealed Bid

CHS Inc., through its CHS Prairie Lakes office (“CHS”), is offering 3 grain bins in Long Prairie, Minnesota, for sale by sealed bid. The bins include one 40,000 bushel bin, one 25,000 bushel bin, and one 10,000 bushel bin. Bushel capacities are approximate. No real estate is included in this sale.

Bidding Process: Sealed bids with a cashiers’ check equaling 10% of the bid must be received no later than 4 pm, February 8, 2019. Bids may be mailed or delivered to 524 Pope Street, P.O. Box 580, Starbuck, MN 56381. All bids should include the name, address and phone number of the entity placing the bid. Bidder may bid on the bins individually or together.
Unsuccessful bidders will have their checks returned within five (5) days after the successful bid is determined.


Terms of Sale:
• CHS is offering the bins for sale “AS IS, WHERE IS” on a cash only basis.
• The bins would be conveyed by Bill of Sale.
• Buyer is responsible for all costs to remove the bins from CHS’ property.
• Buyer must carry comprehensive general liability insurance in an amount not less than $1,000,000 per occurrence naming CHS Inc. as additional insured.
• The bins must be removed from CHS’ property on or before April 29, 2019.
• CHS reserves the right to accept or reject any and all bids.

For questions, call Brad Manderschied at 320-239-2226, Tim Guza at 320-634-3028, or Martin Hagen at 732-2149. A copy of the purchase agreement is available for review by perspective bidders upon request from Brad, Tim or Martin.


Send sealed bids with bidder’s return address and phone number to:
CHS Inc.
Attn: Sealed Bid
524 Pope Street
P.O. Box 580
Starbuck, MN 56381

CHS Reports $347 million first quarter fiscal 2019 net income

Winter scene

CHS Inc. has reported a net income of $347.1 million for the first quarter of fiscal 2019. “Our strong first quarter results position us well as we start our 2019 fiscal year,” said Jay Debertin, CHS president and chief executive officer. “We are focused on making CHS our customers’ first choice by advancing our technology solutions and equipping employees to meet the changing needs of our customers around the world. We will do this while maintaining financial discipline and rigor.”

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CHS Reports $347 million first quarter fiscal 2019 net income

CHS Inc. has reported a net income of $347.1 million for the first quarter of fiscal 2019. “Our strong first quarter results position us well as we start our 2019 fiscal year,” said Jay Debertin, CHS president and chief executive officer. “We are focused on making CHS our customers’ first choice by advancing our technology solutions and equipping employees to meet the changing needs of our customers around the world. We will do this while maintaining financial discipline and rigor.”

Key financial highlights for the quarter that ended Nov. 30, 2018, include:

  • Net income of $347.1 million, an increase of $159.9 million from the restated first quarter of fiscal 2018.
  • Consolidated revenues of $8.5 billion, a $452.4 million increase from the restated first period of fiscal 2018.
  • Pretax income of $367.2 million, an increase of $159.4 million from the restated first period of fiscal 2018.
  • Improved crude oil pricing, which drove higher refining margins.
  • Favorable market conditions in the crop nutrients business, which resulted in higher margins.
  • Improved earnings in the company’s CF Nitrogen, Ardent Mills and Ventura Foods investments.

First Quarter Fiscal 2019 Segment Results

The following segment results were reported for the first quarter of fiscal 2019 as compared to first quarter fiscal 2018.

ENERGY

The $112.0 million increase in Energy pretax earnings reflects the following:

  • Improved market conditions in the refined fuels business driven by favorable crude oil pricing.

AG

The $5.1 million increase in Ag pretax earnings was driven by the following:

  • Improved pricing within the company’s crop nutrients and processing and food ingredients businesses and volume increases within grain and processing.

NITROGEN PRODUCTION

The $18.0 million increase in Nitrogen Production pretax earnings reflects the following:

  • Improved margins within the Nitrogen Production business driven by increased sales prices of urea and UAN, which are produced and sold by CF Nitrogen.

CORPORATE AND OTHER

The $24.3 million increase in Corporate and Other pretax earnings reflects the following:

  • Higher earnings from the company’s investments in Ventura Foods, LLC and Ardent Mills, LLC as well as increased interest revenue from the company’s financing business.

In late December 2018, CHS, a 25 percent owner of West Central Distribution, exercised its option to purchase the remaining 75 percent of the respected crop protection distribution company and is in the process of completing due diligence and satisfying regulatory, legal and other requirements.

Read the full press release online here.

WIN (What I Need) Academy Awarded Grant from CHS Prairie Lakes


Lisa Menninger, Special Education Teacher and Amy Perreault, Community Funds Coordinator

Starbuck, Minn.  WIN Academy was awarded an Elementary and Secondary Grant totaling $355 from CHS Prairie Lakes, as a part of the Prairie Lakes Grant Program.

CHS Prairie Lakes selected Lisa Menninger to receive a grant of $230 to incorporate a Water Works and Water Quality Test kits into her classroom. Lisa also received a grant of $125 to assist in bringing in the Minnesota Science Museum to her school to help teach students how essential water is for life on earth, how water cycles around our planet and how water is a limited supply.

Applying schools and local community organizations are asked to state their plans for the grant money, supply general information about the project and purpose of the request, along with specific financial needs and projected outcomes. Applications for grant funding are available online at www.chsprairielakes.com.

Providing products and services in the agronomy, energy, and grain markets with locations in the communities of Elrosa, Glenwood, Hoffman, Long Prairie, Lowry, Park Rapids, and Starbuck, CHS Prairie Lakes is here to supply for your needs. For more on what’s new and to learn about other ways CHS Prairie Lakes gives back, visit us at www.chsprairielakes.com, like us on Facebook, and follow us on Twitter.

Long Prairie-Grey Eagle Elementary Thunder Dash Awarded Grant from CHS Prairie Lakes

Starbuck, Minn.  Long Prairie-Grey Eagle Elementary was awarded a $500 Elementary and Secondary Grant from CHS Prairie Lakes, as a part of the Prairie Lakes Grant Program.

CHS Prairie Lakes selected Katie Lieser to receive a grant of $250 to support the school’s color run. Katie is a teacher and a member of the Thunder Dash Committee. The school took a BOLD take on fundraising this year. Instead of having students sell food items and gifts, LPGE chose to host a Color Run. The money raised at the Thunder Dash Color Run is utilized for field trips and other educational activities.

Applying schools and local community organizations are asked to state their plans for the grant money, supply general information about the project and purpose of the request, along with specific financial needs and projected outcomes. Applications for grant funding are available online at www.chsprairielakes.com.

Providing products and services in the agronomy, energy, and grain markets with locations in the communities of Elrosa, Glenwood, Hoffman, Long Prairie, Lowry, Park Rapids, and Starbuck, CHS Prairie Lakes is here to supply for your needs. For more on what’s new and to learn about other ways CHS Prairie Lakes gives back, visit us at www.chsprairielakes.com, like us on Facebook, and follow us on Twitter.

Glacial Hills Elementary Awarded Grant from CHS Prairie Lakes

Vanessa Larson, Special Education Teacher & Amy Perreault, Community Funds Coordinator

Starbuck, Minn.  Glacial Hills Elementary was awarded a $250 Elementary and Secondary Grant from CHS Prairie Lakes, as a part of the Prairie Lakes Grant Program.

CHS Prairie Lakes selected Vanessa Larson, a special education teacher, to receive a $250 grant to purchase programs that help to enhance the school’s resources for early reading, phonics, number awareness and letter awareness as well as early reader books for students.

Applying schools and local community organizations are asked to state their plans for the grant money, supply general information about the project and purpose of the request, along with specific financial needs and projected outcomes. Applications for grant funding are available online at www.chsprairielakes.com.

Providing products and services in the agronomy, energy, and grain markets with locations in the communities of Elrosa, Glenwood, Hoffman, Long Prairie, Lowry, Park Rapids, and Starbuck, CHS Prairie Lakes is here to supply for your needs. For more on what’s new and to learn about other ways CHS Prairie Lakes gives back, visit us at www.chsprairielakes.com, like us on Facebook, and follow us on Twitter.

BBE Elementary Awarded Grant from CHS Prairie Lakes


Photo: F. Alaya, Alex, Matthew, Harper, Malley, Jack, Brayden, Isaiah, Lydia. Back Row: Hailey, Nathan, Rae, Landon, Byron, Jude, Emma, Malia, Kynli, Liam. Very Back Row: Mrs. Bents (first grade teacher), Amy Perreault (Community Funds Coordinator).

Starbuck, Minn. BBE Elementary’s First Grade Class was awarded a $125 Elementary and Secondary Grant from CHS Prairie Lakes, as a part of the Prairie Lakes Grant Program.

CHS Prairie Lakes selected Kristine Bents, a first grade teacher, to receive a $125 grant to purchase agricultural children’s books for her classroom. Mrs. Bents purchased the books to help encourage the little farmers to love reading as much as they love to help their parents on the farm outside of school.

Applying schools and local community organizations are asked to state their plans for the grant money, supply general information about the project and purpose of the request, along with specific financial needs and projected outcomes. Applications for grant funding are available online at www.chsprairielakes.com.

Providing products and services in the agronomy, energy, and grain markets with locations in the communities of Elrosa, Glenwood, Hoffman, Long Prairie, Lowry, Park Rapids, and Starbuck, CHS Prairie Lakes is here to supply for your needs. For more on what’s new and to learn about other ways CHS Prairie Lakes gives back, visit us at www.chsprairielakes.com, like us on Facebook, and follow us on Twitter.

CHS owners elect five directors at CHS Annual Meeting

chs board of directors at CHS Annual Meeting
CHS elected five directors at the CHS Annual Meeting. 
Pictured (left to right) are: David Beckman, David Johnsrud, David Kayser, Russ Kehl and Steve Fritel.

The 2018 CHS Annual Meeting wrapped up December 7 as more than 1,900 CHS member-owners took part in educational sessions, board elections and governance, and heard company updates in Minneapolis, Minnesota. A recap of the meeting, including the 2018 CHS Annual Report, videos and photos is ready to view.

During CHS Board elections Friday morning, CHS owners elected a farmer from Nebraska and re-elected four other farmers to serve three-year terms on the board. CHS Directors must be full-time farmers or ranchers to be eligible for election to the 17-member board.

Newly elected Director David Beckman of Elgin, Nebraska, succeeds Don Anthony of Lexington, Nebraska, who retired after serving on the board since 2006. Along with his wife, brother and their families, Beckman raises irrigated corn and soybeans and operates a custom hog-feeding operation. He received his bachelor’s degree in agronomy from the University of Nebraska-Lincoln, and he serves as board chairman for Central Valley Ag Cooperative, York, Nebraska, and secretary of the Nebraska Cooperative Council.

Re-elected were Steve Fritel, Rugby, North Dakota; David Johnsrud, Starbuck, Minnesota; David Kayser, Alexandria, South Dakota; and Russ Kehl, Quincy, Washington.

Following the annual meeting, the CHS Board re-elected Dan Schurr, LeClaire, Iowa, to a one-year term as chairman. Other directors selected as officers for 2019 were:

  • J. Blew, Castleton, Kansas, first vice chairman
  • David Johnsrud, Starbuck, Minnesota, secretary-treasurer
  • Jon Erickson, Minot, North Dakota, second vice chairman
  • Steve Riegel, Ford, Kansas, assistant secretary-treasurer

Learn more about the CHS Board of Directors.

CHS reports fiscal 2018 net income of $776 million

CHS income fiscal 2018

CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, today reported net income of $775.9 million for the fiscal year that ended Aug. 31, 2018.

“Our fiscal 2018 results show the progress we are making on the priorities we set for CHS,” said Jay Debertin, CHS president and chief executive officer. “Our year-over-year financial performance shows good improvement, our balance sheet is solid, and our relationships with cooperative owners are strong. The diverse CHS business platform allowed us to deliver improved earnings and enables us to return $150 million in cash patronage and equity redemptions to owners even as we navigated challenging market conditions.” (more…)

© 2019 CHS Inc.