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!

Meet Carl Younce

Hello – I’m Carl Younce, interim general manager for CHS Prairie Lakes.

In the annual report that was recently mailed to our farmer-owners, it was announced that Brad Manderschied will retire February 1, 2021. I’ve been hired to provide time for the producer board to identify next steps for CHS Prairie Lakes.

My objective in this role is to understand and manage local business operations, as well as ensure CHS Prairie Lakes remains well-positioned for the future.

A little about my professional experience: I’ve had a successful career in the cooperative system, spending 23 years as a general manager and 16 years as a regional vice president with CHS. In that role, I was responsible for 13 cooperative business units. I also served as interim manager for the CHS group in Devils Lake, ND, following my retirement, so I also have experience stepping into an interim role.

I’ve been in this role for a little over a week now and in that time, I’ve had the opportunity to meet many employees and learn more about the operations at CHS Prairie Lakes. The excellent quality of people working for this cooperative is a true testament to Brad’s leadership over the years. We look forward to recognizing Brad’s years of service and will let you know those details when they are finalized.

On behalf of the team at CHS Prairie Lakes, thank you for your business this past year. We look forward to continuing to be your trusted partner in 2021.

Carl

CHS reports $69.7 million in first quarter fiscal 2021 net income

Farm equipment in field during harvest

On Jan., 6, 2021, CHS Inc., reported net income of $69.7 million for the first quarter of fiscal year 2021 that ended Nov. 30, 2020. This compares to net income of $177.9 million in the first quarter of fiscal year 2020.

The results for the first quarter of fiscal year 2021 reflect:

  • Revenues of $8.7 billion compared to revenues of $7.6 billion for the first quarter of fiscal year 2020.
  • Impacts in the CHS Energy segment that included:
    • Exceptionally low crack spreads and other unfavorable market conditions in our refined fuels business, driven primarily by the COVID-19 pandemic, resulted in volume and price declines that significantly reduced earnings in our Energy segment compared to the same period of the prior year.
    • Decreased propane demand that resulted from warmer and drier fall weather during the first quarter of fiscal 2021 compared to the same period of the prior year.
  • Impacts in the CHS Ag segment that included:
    • Improved relations between the United States and foreign trading partners that drove increased volumes and margins for grain and oilseed.
    • Favorable weather conditions during fall harvest compared to the prior year that drove increased volumes and margins across much of our Ag segment.

“Our employees’ commitment throughout the first quarter allowed us to consistently deliver products and services to our owners and customers around the world,” said Jay Debertin, president and CEO of CHS Inc. “A good growing season led to a good harvest season, and we saw commodity price rallies from spring and summer carry into fall. Those good weather conditions led to the highest volume fall fertilizer season we’ve seen since 2013 despite volatility in the nitrogen and phosphate markets.

“Improved trade opportunities with China and improved trade activity in Europe and Africa helped drive first quarter improvement in our global grain business. Our animal nutrition volumes also saw growth in the first quarter of fiscal year 2021,” Debertin said. “We saw year-over-year increases in premium diesel sales with rural America continuing to rely on us for their energy needs. However, our overall Energy segment experienced ongoing challenges on refined fuels margins as the pandemic continues to challenge the energy industry. Throughout the remainder of our fiscal year, we will remain focused on our key priorities including protecting the financial health of CHS, caring for those who depend on us and bringing efficiencies to how we run our businesses and deliver products.”

CHS Inc. Earnings by Segment balance sheet

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.

Cenex® Gift Cards for Gallons

Starting November 1, 2020 through February 28, 2021, end-user customers can earn one $50 VISA® gift card for every 100 gallons of qualifying lubricant and grease products purchased.

Eligible lubricant products include:

  • Irriflex®
  • Maxtron® DEO
  • Maxtron® Enviro-EDGE®
  • Maxtron® GL
  • Maxtron® THF+
  • MP Gear Lube
  • Qwiklift® HTB®
  • Superlube 518®
  • Superlube TMS®

Eligible grease products include:

  • Corn Head Grease
  • HD Moly Xtreme
  • Poly-Xtreme®
  • Maxtron® EP
  • Blue Gard® 500+™
  • Fluid Gear Grease
  • Molyplex 500+
  • ML 365®
  • Red Protect XT®
  • Maxtron® FS

Get more information and order your lubricant and grease products by getting in touch with Hank or another member of our energy team!

CHS Inc. owners elect seven board members during CHS Annual Meeting

Officers of board also elected by board peers following annual meeting

CHS Inc. owners elected seven board members to three-year terms during the cooperative’s 2020 annual meeting held virtually Dec. 3 in Inver Grove Heights, Minnesota. CHS Inc. is the nation’s largest cooperative and a leading global agribusiness company owned by farmers, ranchers and cooperatives across the United States.

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Anhydrous Ammonia Equipment Auction

CHS Prairie Lakes will be auctioning off various anhydrous ammonia equipment through DPA Auctions on December 15.

Sale items include the following:

  • 2 DMI tool bars
  • 13 double 1000 NH3 nurse tanks
  • 13 1459 NH3 nurse tanks
  • 2 Case IH tool bars
  • 4 running gears
  • 7 1000 NH3 nurse tanks
  • 26,000 gallon NH3 storage tank

If you’re interested in additional details and photos of these items, visit https://www.dpaauctions.com/ and select the “2-Day Online Auction – December 15, 2020”.

Closing Office To Outside Traffic

Update: Offices will be reopened to outside traffic effective Thursday, December 17, 2020.

Due to the increase of COVID-19 cases in our area, CHS Prairie Lakes will be locking our office doors to customers and outside traffic beginning Tuesday, November 17 at the following locations: Glenwood, Hoffman, Lowry and Starbuck.

During this time, employees can be reached at the main office numbers or directly on their cell phones. Here are links to our location phone numbers, agronomy sales representatives, grain marketing specialists and certified energy specialists for your reference.

Any changes to location accessibility will be updated on this page; please check back for additional information. Questions can be directed to your local CHS Prairie Lakes office.

CHS reports fiscal year 2020 net income of $422.4 million

CHS income

CHS reported net income of $422.4 million for the fiscal year that ended Aug. 31, 2020. This compares to fiscal year 2019 net income of $829.9 million.

Key financial drivers for fiscal year 2020 include:

  • Consolidated revenues of $28.4 billion for fiscal year 2020 compared to $31.9 billion for fiscal year 2019.
  • Strong supply chain performance in our propane business driven by efficiently sourced propane to customers to meet strong crop drying and home heating demand that contributed to improved results especially during the first half of fiscal year 2020.
  • Less advantageous market conditions in our refined fuels business, primarily driven by the COVID-19 pandemic, resulted in volume and price declines that significantly reduced earnings compared to the prior year.
  • Poor weather conditions negatively impacted our Ag segment’s operations during the first half of fiscal year 2020, resulting in lower crop yields and poor grain quality following a late harvest and lower crop nutrient sales during fall 2019.
  • Improved weather conditions during the 2020 spring planting season drove increased earnings across much of our Ag segment in the second half of fiscal year 2020.
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