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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Jay Debertin: Update to CHS owners

Dear CHS owners:

Corn and soybean harvest is well underway, and it’s been a good fall. We’re glad to see that progress, although this week’s weather has forced a pause in many areas. We hope you are enjoying a safe, productive season and look forward to speaking with you at the virtual 2020 CHS Annual Meeting on Dec. 3.

Thank you for your business. Please let us know how we can help you complete this season and move into 2021.

Click here to hear more from CHS President and CEO Jay Debertin.

Control the chaos of harvest

corn harvest

The following information is provided by Nationwide, the #1 farm and ranch insurer in the U.S.1

During the busy harvest season, farms and grain-handling facilities are some of the most dangerous places to work. Slips and falls from ladders, entanglements from augers and PTOs, crushing injuries from grain truck and railroad traffic, grain bin entrapment and engulfment from grain bin entry, and fires and explosions from grain dust accumulation, are just some of the hazards.

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Plan Ahead to Purchase Cenex® Grease this Summer for Gift Cards

Now through August 14, 2020, end-users can earn VISA® gift cards on qualifying Cenex® grease products. End-users will receive a $15 gift card for every qualifying 4-10 pack or 35-pound pail purchased during the qualifying time frame.

Customers may also receive a $50 VISA gift card for every qualifying 120-pound keg purchased during the promotional window. Qualifying grease products include:

  • HD Moly Xtreme
  • Poly-Xtreme®
  • Maxtron® EP
  • Blue Gard 500+™
  • Molyplex 500+
  • Maxtron® FS
  • Red Protect XT™
  • ML 365®
  • Fluid Gear Grease
How it works:
  1. Provide a copy of the redemption form to the end-user to submit their claim. You can get these forms from your Certified Energy Specialist
  2. End-user completes the Summer Grease for Gift Cards redemption form, attaches required receipts, and mails it to CHS post-marked no later than September 16, 2020.

Contact your local CHS Prairie Lakes CES with any questions!

Grain Outlook Broadcast

In light of current conditions with COVID-19 and the inability to have in-person meetings they way we’d like, CHS wants to bring market information to you in a different way. At 10am CST on Tuesday, July 14, Chris Stringer (Corn) and Justin Friesz (Soybeans) will be sharing their perspective on the current markets, the July report, and more.

These sessions will be held on Skype Broadcast. Skype is a web-based meeting so it’s very user friendly for you to join in using your computer, tablet, or phone.

Please note that there is a login step for webinar participants, so please login before the webinar begins.

Corn and Beans (10 a.m. Central) : Please click here to enter your name and location information shortly before the webinar starts.

The links will become active 15 minutes prior to the start. To allow time for the registration process, we ask that you plan to register at least five minutes before the webinars start. 

Corn and Beans link: https://forms.office.com/Pages/ResponsePage.aspx?id=CwkDC_p_q0WkazhxMOwGM_204K0uvaFFljRsmDzR_fNUMDZNWkIzRUw3T01WQk1TQ0NBWks4SUg5WS4u

We hope you can join us for this Grain Outlook Forecast and reach out to our CHS Grain Origination team with any questions.

CHS Awards $10,000 Grant to Support West Central Area Agriculture Program

Agricultural education is all about hands-on learning, and through a donation from CHS, students at West Central Area High School will have an even greater opportunity for those important hands-on experiences in horticulture, agronomy and other plant-based classes.

The school’s agriculture program received a $10,000 grant from CHS Prairie Lakes to support the building of a school greenhouse. The greenhouse will be used to enhance current course offerings, with students able to experience year-round plant growth. Currently, the classes rely on what can be grown during the May to September growing season, which limits what students are able to learn during the school year.

Eric Sawatzke, agriculture instructor, is excited to develop a fully modernized hands-on plant science curriculum and facilities for West Central Area Schools.

“Not only will this be a highly educational space for students enrolled in Agricultural Education, but it will also provide a year round source of vegetables that will be useful for Family and Consumer Science classes, food service, and donations to the Grant County and Hoffman Food Shelves,” says Sawatzke. “A one time donation of this kind will provide decades of stable, nutritious food for the communities that make up the West Central Area School District and beyond.”

CHS is committed to supporting the development of youth agricultural education and has dedicated money to fund projects in safety and ag leadership through the CHS Seeds for Stewardship program.

“CHS Prairie Lakes has a strong history of supporting our local communities through our donation programs,” says Brad Manderschied, general manager, CHS Prairie Lakes. “We’re proud to be able to support this initiative. I look forward to students gaining exposure to agronomy through these course offerings, which tie into many careers we offer locally, including right at our Hoffman agronomy center.”

Since 2019, CHS retail locations have awarded more than $270,000 in matching funds through the program.

© 2020 CHS Inc.