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.
Our very own Taresa Burleigh was recently highlighted in the CHS employee spotlight. Read about her journey as a CHS employee and how she’s incorporated her artwork into her personal and professional life.
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.
Please join us on Sept. 6, 11 a.m. – 4 p.m. for our 2023 livestock feed open house, showcasing Payback® and Smartlic®. Meet Tim Kipp, CHS Big Sky feed sales representative, Courtnee Clairmont, CHS Animal Nutrition and Shawn Miller with New Generation® Supplements. Free BBQ lunch and door prizes!
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.
Strong global demand generated $547.5 million in net income for 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.
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.
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.
Please join us for our annual meeting, which will be held on February 13, 1 p.m. at the Hilton Garden Inn in Great Falls. We will give an overview of this past fiscal year and a look at the year ahead.
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:
Revenues of $12.8 billion compared to $10.9 billion in the first quarter of fiscal year 2022, a year-over-year increase of 17%.
Continued robust global demand for commodities, coupled with market volatility, resulted in strong earnings across all business segments.
Significantly improved earnings in our Energy segment resulted primarily from higher refining margins driven by strong demand in rural America and global market conditions.
Our soybean and canola processing businesses in our Ag segment benefited from strong demand for meal and oil.
Our CF Nitrogen investment delivered strong earnings due to robust urea and UAN demand.