Students storm the Hill with fresh perspectives and CHS support

When people ask CHS Government Affairs staff what it’s like to work as a lobbyist in Washington, D.C., they’re always curious about how the political landscape has changed in recent years. Sarah Gallo, director, CHS Government Affairs, is happy to share anecdotes, but she’d rather discuss how the conversation about agriculture has evolved. Students, farmers and the ag industry will carry that message to Capitol Hill on National Ag Day, to be celebrated March 20 in Washington, D.C., and across the country. (more…)

Grain Marketing 202

Due to weather, the Grain Marketing 202 session has been rescheduled for March 9 at 1 pm at our St. Charles location.

Space is limited, so please RSVP to one of the following:

-Aaron at the Kasson office at 507-634-7545 x 7
– Jared at the Ostrander office at 507-657-2234
– St. Charles location at 507-932-4830

We hope to see you there!

 

 

Winds of change in China

global agriculture

By Joe Lardy, research manager, CHS Hedging

China has had a long-standing policy to be self-sufficient in key food source production, including rice, wheat and corn. In 2004, the Chinese government made historic adjustments to its agriculture policy when it eliminated taxes on agriculture and created a new system of subsidies for key commodities. The subsidies supported seed and machinery purchases and resulted in improved infrastructure.

This set the stage for a huge buildup of acreage devoted to corn production. (more…)

Grain Marketing 202

Join us as we take the next step in our grain marketing journey. We will review the basics of grain marketing before taking a more in-depth look at options and compass contracts along with different ways to include these tools in your marketing plan.

Space is limited, so please RSVP to your local grain merchandiser.

Aaron Ulland in Kasson @ 507-634-7545 ext. 7
Jared Schaefer in Ostrander @ 507-657-2234
Ken Garness in Kasson @ 507-634-7545 ext. 7

Hope to see you there!

Denise Montgomery Retiring

Denise Montgomery is retiring January 12. Denise started with Ostrander Farmers Cooperative in 2010 and has been in Wykoff for her entire career with CHS. Denise, thank you for all that you have done for CHS and the Wykoff area. Over the years she has developed strong friendships with our farmer customers, which has supported our business. Developing relationships is as necessary as having a good bid, and she will be missed. Enjoy retirement, Denise!

CHS reports $180.1 million first quarter earnings for fiscal 2018

CHS President and CEO, Jay Debertin

CHS reported net income of $180.1 million for the first quarter of its 2018 fiscal year (three-month period ended Nov. 30, 2017), compared to net income of $209.2 million for the same period a year ago.

Consolidated revenues for the first quarter of fiscal 2018 were $8.0 billion, the same as fiscal 2017. Pretax income was $199.6 million and $225.6 million for the first quarter of fiscal 2018 and 2017, respectively.

“Despite challenging market conditions, CHS experienced a solid first quarter thanks to our continued focus on three key priorities: strengthening relationships, sharpening operational excellence and restoring financial flexibility,” said CHS President and Chief Executive Officer Jay Debertin. “In the first quarter, we recorded solid earnings from our businesses and reduced long-term debt. These actions are helping to strengthen and grow CHS.”

(more…)

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