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The CHS Foundation is making a $4.3 million commitment to National FFA over the next three years, the largest gift in the foundation’s 75-year history. The grant will help fund FFA programs in 17 states, provide scholarships for attending conferences and contests, introduce students from all backgrounds to ag careers through the workforce development program, and support the National Association of Ag Educators in attracting ag teachers and building strong teaching programs.
(more…)Net income of $1.9 billion exceeds previous high
Strong operational performance, favorable market conditions deliver increased earnings
Company intends to return $730 million cash to owners in fiscal year 2024
In fiscal year 2023, CHS energy businesses delivered strong earnings, reflecting continued favorable market conditions for refined fuels.
CHS Inc., the nation’s leading agribusiness cooperative, today reported net income of $1.9 billion for the fiscal year ended Aug. 31, 2023, compared to $1.7 billion for fiscal year 2022.
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October is National Co-op Month – a time dedicated to recognizing the value that cooperatives bring to farmers, ranchers and their rural communities. Andrew Schafer, a Washington farmer and member of the CHS SunBasin Growers producer board, describes how being involved with his cooperative has helped his operation.
CHS has announced it intends to return $730 million in cash patronage and equity redemptions to its owners in calendar year 2024. The decision demonstrates the cooperative’s ongoing commitment to sharing profits with its owners and strengthening rural communities.
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Improved soybean and canola crush margins due to strong meal and oil demand resulted in higher earnings in the CHS oilseed processing business for the third quarter of fiscal year 2023.
CHS Inc., the nation’s leading agribusiness cooperative, today released results for its third quarter ended May 31, 2023. The company reported quarterly net income of $547.5 million compared to a record third quarter net income of $576.6 million in fiscal year 2022. For the first nine months of fiscal year 2023, the company reported net income of $1.6 billion and revenues of $36.1 billion, compared to net income of $1.2 billion and revenues of $34.4 billion recorded during the same period of fiscal year 2022.
(more…)Second quarter net income of $292.3 million in fiscal year 2023 reflects strong energy market conditions
CHS Inc., the nation’s leading agribusiness cooperative, today released results for its second quarter ended Feb. 28, 2023. The company reported quarterly net income of $292.3 million compared to $219.0 million in the second quarter of fiscal year 2022. For the first six months of fiscal year 2023, the company reported net income of $1.1 billion and revenues of $24.1 billion compared to net income of $671.0 million and revenues of $21.2 billion recorded in the first half of fiscal year 2022.
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One life lost is too many. That idea is the driving force behind Nationwide’s Grain Bin Safety Week program and Think Grain Bin Safety campaign, and that’s why CHS is proud to partner with Nationwide in raising grain bin safety awareness. But for Nationwide, it’s way more than just a campaign.
(more…)Strong Global Demand for Ag and Energy Generated $782.6 Million in Fiscal 2023 First Quarter Net Income
CHS Inc., the nation’s leading agribusiness cooperative, today released results for its first quarter ended Nov. 30, 2022. The company reported quarterly net income of $782.6 million compared to $452.0 million in the first quarter of fiscal year 2022.
Fiscal 2023 first quarter highlights include:
At the CHS Annual Meeting tonight, attendees voted to award a $20,000 first-place teacher grant from the CHS Foundation to Amelia Hayden, a first-year ag educator at Osseo-Fairchild High School. In honor of its 75-year anniversary, the foundation is awarding a total of $75,000 in grants for K-12 teachers to implement projects that will engage students in experiential agricultural education.
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CHS owners elected five board members to three-year terms during the cooperative’s 2022 annual meeting held Dec. 1 and 2 in Minneapolis, Minn.
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