2021 Scholarship Recipients

The 2020-2021 school year will always be one that students will remember as they had to face many challenges because of the COVID-19 pandemic. CHS Prairie Lakes takes pride in supporting students achieve their goals and we are pleased to announce that we were able to award two scholarships to high school seniors this year.

The CHS Prairie Lakes scholarship committee chose two applicants who projected profound scholastic achievement, a keen work ethic, and a sage vision for the future of agriculture. Applicants had to submit various short answer questions about their leadership experiences and their school involvement. They were also required to write a short essay about why agriculture is important to them, our community, and the world.

This year’s recipients of the CHS Prairie Lakes scholarship are Jayden Hensley and Kristy Kollman. Jayden plans to attend Minnesota State University Moorhead to pursue a degree in Business Administration and Kristy will be studying Animal Science at North Dakota State University. Congratulations to these two wonderful young women! We wish you the best of luck in all your future endeavors.

Meet Our 2021 Summer Interns

Ben is currently attending the University of Minnesota – Crookston majoring in Agricultural Business and Agronomy with a minor in Finance. He was born and raised on a corn and soybean farm south of Staples, MN and that is where he found his love and enjoyment for agriculture. After his graduation, Ben plans to begin working at a rural cooperative in the Midwest, beginning as an agronomist and hopes to eventually transition into the operations and business sectors of the cooperative. Ben hopes to one day begin his own private agronomy and ag business operation. Alongside this, he had found an interest in fabrication so starting a hobby with that is something of interest to him as well.

Ben is excited for the opportunities this internship will offer him and for the knowledge that will assist with his career objectives.

Karmen Sperr grew up in Donnelly, MN on her family’s farm where they grow corn, soybeans, and wheat and they also raise pigs. Karmen graduated from Morris Area in High School in 2020 where she was actively involved in FFA. She was also very involved in the Stevens County 4-H program for 13 years. FFA and 4-H are really what drove her passion for agriculture and her decision to major in Agricultural Communications and Agricultural Leadership with a minor in Animal Science at South Dakota State University. In college, Karmen is involved in the Sigma Alpha Sorority, Collegiate Farm Bureau, Swine Club, Prexy Council, Little International, Student’s Association Senate, and the CAFES Ambassador Program. Karmen enjoys many aspects of the ag industry and hopes to one day be an advocate for the industry by working for a commodity group in the Midwest.

Karmen is very excited for her internship this summer and she is excited to see what she can learn in her experiences to strengthen her knowledge about the ag industry.

Consolidation Announcement

As CHS continues to strategically align our cooperative, we are advancing an integrated, enterprise product line and supply chain to bring one consistent approach to our customers and farmer-owners. To accomplish this, the producer boards and management teams of CHS Prairie Lakes and CHS based in Herman, Minnesota have made the decision to consolidate the two business units within CHS.

The two CHS business units have complimentary locations and other operational efficiencies and jointly leveraging our business, assets, products and services will create value for our owners while improving services and offerings to better serve customers. The energy teams began working together this year and have discovered significant opportunities for growth and improved customer service through this partnership. We look forward to scaling that success to other core areas.

Tentative plan is to finalize consolidation by fiscal year end on Aug. 31, 2021. Carl Younce, interim general manager of CHS Prairie Lakes, will continue through the end of May. At that time, Jerry Kramer, current general manager of CHS in Herman, will take over management responsibilities for both business units and serve as the general manager of the combined business. Our goal is to determine the rest of the senior leadership team for the new consolidated business unit by the end of fiscal year 2021.

This consolidation allows us to deliver on Country Operations strategy by streamlining our services and offerings while capitalizing on economies of scale and more efficient use of assets and resources across the expanded geographical territory.

As our customers and owners, you should see little change in how you interact with CHS on a day-to-day business as we will be offering all the same products and services you expect and need from us.

Our focus continues to be on delivering solutions to you that make it easy, helpful and rewarding to do business with CHS.

Thank you for your support,
Brian Jergenson, Chair, CHS Prairie Lakes & Steven Deal, Chair, CHS based in Herman, Minnesota

CHS Reports Fiscal 2021 Second-Quarter Results

CHS Inc., the nation’s leading agribusiness cooperative, today released results for its fiscal second quarter ended Feb. 28, 2021. The company reported a net loss of $38.2 million versus net income of $125.4 million in the same quarter in fiscal 2020. Significant year-over-year earnings increases in Ag and Nitrogen Production segments and Corporate and Other businesses were offset primarily by ongoing COVID-19 pandemic-related impacts in Energy.

“Improved trade relations between the United States and foreign trade partners combined with our operating efficiency initiatives led to record grain and oilseed volume increases and continued price gains, significantly improving our Ag segment earnings over the prior year,” said Jay Debertin, president and CEO of CHS Inc. “Additionally, favorable growing conditions and overall strength in agriculture, helped drive demand for crop inputs, including crop nutrients and crop protection products and services.

“Our Energy segment, while showing improvement over the previous quarter, continues to experience unfavorable refined fuels market conditions related to the COVID-19 pandemic and exceptionally higher costs for renewable energy credits. These factors resulted in volume and margin declines that significantly reduced earnings compared to the prior year.”

Fiscal 2021 second-quarter results reflect: 

  • Revenues of $8.3 billion versus $6.6 billion in fiscal 2020 second quarter, a 26.1% increase. 
  • Energy segment impacts that include:  
    • Continued low refining margins stemming from COVID-19-impacts on global energy demand.
    • Exceptionally high costs of renewable energy credits, which decreased margins.
    • Decreased propane margins and volumes due to warm winter weather conditions across the CHS trade territory during most of the fiscal 2021 second quarter.
    • Modest improvements over fiscal 2021 first quarter as volumes and margins began to rebound. 
  • Ag segment impacts that include:  
    • Favorable weather conditions and improved relations between the U.S. and foreign trade partners, including China, that increased volumes of grain and oilseed commodities as well as feed and farm supplies.
    • Higher margins for certain agricultural products, including processing and food ingredients, which improved because of soybean crush strength.
  • Enterprisewide initiatives that include:  
    • Focused cost-reduction initiatives launched in fiscal 2021 that helped reduce marketing, general and administrative costs.
    • COVID-19-related working arrangements and increased hygiene and infection-control processes to mitigate risk and support business continuity – all CHS operations were deemed to be essential infrastructure industries by federal and state governments.

For the six-month period ending Feb. 28, 2021, CHS reported net income of $31.4 million versus $303.3 million for the same period in fiscal 2020. Revenues for the first six months of fiscal 2021 rose to $17.0 billion, a $2.8 billion, or 19.8%, increase from $14.2 billion in the same period the previous year.

“I am encouraged by the resilience of our employees and their commitment to owners in what continues to be a challenging operating environment,” said Debertin. “We are cautiously optimistic about the rollout of COVID-19 vaccines and other progress being made in response to the pandemic in the U.S. and around the world and the potential impact on our domestic and global businesses.

“As we look ahead to the second half of fiscal 2021, we remain committed to protecting the financial health of CHS, adding efficiency throughout our enterprise to benefit owners and customers, and caring for those who depend on us as we continue creating connections to empower agriculture.”

CHS income chart

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 place undue reliance 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 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, 2020. 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 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 except as required by applicable law.

Danger within: Know the risks of grain bin entry

Since 2014, Nationwide and partners including CHS, have provided 150 rescue tubes and grain bin safety training to local fire departments across 29 states to help keep farmers safe.

The interior of a grain bin is one of the most hazardous places on a farm, so the best way to resolve situations with stored grain is safely outside. If you must enter a bin, be sure to know what you might find and plan accordingly.

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Introducing an easier way to pay CHS

Farmer viewing CHS Pay Online screen on tablet

Pay Online is now available through the MyCHS app.

With Pay Online, anyone who has signed up for MyCHS can now easily pay statements or current balances securely from single or multiple bank accounts, view scheduled payments, and look up past online payments.

Pay Online saves you time and money as you no longer need to write and mail checks. Find the Pay Online feature in the lower-left hand corner. It’s easy to set up bank accounts so gather up your bank account number and routing number to get started today!

If you have not yet signed up for MyCHS, go to mychs.chsinc.com to register.

Questions or comments, email MyCHS@chsinc.com or call 800-548-9727.

CHS to host February-March educational grain webinar series

CHS is kicking off the new year with a series of educational grain marketing webinars.

Tune in to hear from grain experts across CHS as they dive into all aspects of grain marketing, from futures to basis and all things in between. They will also be discussing grain marketing contracts and the benefits and strategies behind each type. All of this is designed to help you get the most out of every bushel.

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Welcoming Jake Rarick, Agronomy Sales Representative in Park Rapids

Jake Rarick recently joined our Park Rapids team as an Agronomy Sales Representative, and we’re thrilled to have him with us! Learn more about Jake in his bio below and help us in welcoming him to the team.


Hi – I’m Jason Rarick, better known as Jake. I am 37 years old and my wife and I have been married for 13 years. We have 3 children: ages 11, 10, and 4. I also have 2 dogs and a cat.

I have been working with CHS for 6 years in Crookston, MN and am now looking forward to serving our valued customers in and around the Park Rapids area. I grew up on a small farm in Climax, MN, where I attended grades k-12 and played multiple sports. Football was always my favorite and it still is today (no matter how many times the Vikings find new creative ways to snatch defeat from the jaws of victory!)  I also have always enjoyed outdoor activities such as fishing, camping, and hunting.

The only thing I enjoy more than any of those activities is watching my children learn to love them as well. My youngest daughter enjoyed her first hunt this year where she harvested a mature doe, and my eldest daughter enjoyed her second hunt this season, tagging a nice 8-point buck. I do not know who had the bigger smile: the girls, their mother, or me! We are all excited to continue enjoying all that nature has to offer in the beautiful country in and around Park Rapids.

My career path started by joining the U.S. Army National Guard and attending the University of Minnesota, Crookston where I obtained a bachelor’s degree in Natural Resources Management. Since then, I have been a salesman for Cabela’s and Scheels, an overhead door installer, and also a truck driver. 

Eventually I found a job with CHS in Crookston as an applicator, and I rediscovered farming. I knew that this was the career I was meant to have and decided to return to college. I earned a second bachelor’s degree, this time in Ag Business Management, and am now extremely excited to start the next chapter of my career as an Agronomy Sales Representative for CHS Prairie Lakes in Park Rapids. I will always be no more than a phone call away and look forward to becoming a part of this great community!

Welcoming Jason (Jake) Rarick, Agronomy Sales Representative in Park Rapids

Jake Rarick recently joined our Park Rapids team as an Agronomy Sales Representative, and we’re thrilled to have him with us! Learn more about Jake in his bio below and help us in welcoming him to the team.


Hi – I’m Jason Rarick, better known as Jake. I am 37 years old and my wife and I have been married for 13 years. We have 3 children: ages 11, 10, and 4. I also have 2 dogs and a cat.

I have been working with CHS for 6 years in Crookston, MN and am now looking forward to serving our valued customers in and around the Park Rapids area. I grew up on a small farm in Climax, MN, where I attended grades k-12 and played multiple sports. Football was always my favorite and it still is today (no matter how many times the Vikings find new creative ways to snatch defeat from the jaws of victory!)  I also have always enjoyed outdoor activities such as fishing, camping, and hunting.

The only thing I enjoy more than any of those activities is watching my children learn to love them as well. My youngest daughter enjoyed her first hunt this year where she harvested a mature doe, and my eldest daughter enjoyed her second hunt this season, tagging a nice 8-point buck. I do not know who had the bigger smile: the girls, their mother, or me! We are all excited to continue enjoying all that nature has to offer in the beautiful country in and around Park Rapids.

My career path started by joining the U.S. Army National Guard and attending the University of Minnesota, Crookston where I obtained a bachelor’s degree in Natural Resources Management. Since then, I have been a salesman for Cabela’s and Scheels, an overhead door installer, and also a truck driver. 

Eventually I found a job with CHS in Crookston as an applicator, and I rediscovered farming. I knew that this was the career I was meant to have and decided to return to college. I earned a second bachelor’s degree, this time in Ag Business Management, and am now extremely excited to start the next chapter of my career as an Agronomy Sales Representative for CHS Prairie Lakes in Park Rapids. I will always be no more than a phone call away and look forward to becoming a part of this great community!

© 2021 CHS Inc.