Dec 15, 2017

CHS Elects Directors; 2017 Officer Slate Elected

Electing three new farmers and re-electing five

CHS owners have elected farmers from Illinois and Minnesota, and re-elected five other farmers to serve three-year terms as directors of the nation's leading farmer-owned cooperative and global energy, grains and foods company. The owners also elected a Washington farmer to serve a one-year term on the cooperative's board of directors.

The elections took place during the 2017 CHS Annual Meeting held Dec. 8, in Minneapolis. CHS Directors must be full-time farmers or ranchers to be eligible for election to the 17-member board.

Newly elected Director Scott Cordes of Wanamingo, Minn., succeeds Curt Eischens of Minneota, Minn., who had served on the board since 1990. With his brother and nephew, Cordes operates a 1,000-acre corn and soybean farm. He received his bachelor's degree in agricultural economics from the University of Minnesota and previously served as the president of CHS Hedging.

Newly elected Director Tracy Jones of Kirkland, Ill., succeeds Greg Kruger of Eleva, Wis., who had served on the board since 2008. Jones, who operates a corn, soybean and wheat farm, and also finishes 1,400 head of feedlot cattle annually, has been chairman of the CHS Elburn board of directors since 2011.

Newly elected Director Russ Kehl of Quincy, Wash., fills the final year of a three-year term previously held by David Bielenberg, who resigned in June 2017. Kehl raises potatoes, dry beans and other crops on a 12,000-acre farm. A director for CHS Connell Grain since 2004, Kehl also operates a dry bean processing facility and cow-calf operation.

Re-elected were C.J. Blew, Castleton, Kan.; Jon Erickson, Minot, N.D.; Edward Malesich, Dillon, Mont.; Perry Meyer, New Ulm, Minn., and Dan Schurr, LeClaire, Iowa.

Following the annual meeting, the CHS Board re-elected Schurr to a one-year term as chairman. Other directors selected as officers for 2018 were:

  • C.J. Blew, first vice chairman
  • David Johnsrud, Starbuck, Minn., secretary-treasurer
  • Jon Erickson, second vice chairman
  • Steve Riegel, Ford, Kan., assistant secretary-treasurer

CHS Inc. (NASDAQ: CHSCP) (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.

Recently Added to Buyer's Guide

Ribbon Blenders

  • 5-cubic-foot unit features special three-piece grate designed with angled and pitched profile
  • All three sections of the grating have position sensors which interlock with the control panel, ensuring operator safety while running

Infinifeed Loop

  • Continuous feed loop system
  • Capacities available up to 1,800 bushels/hour

Loop Conveyor System

  • Can be used to fill and empty grain bins and flat storage structures or applied to feed processing and other conveying applications
  • Available in 8-, 10- and 12-inch diameters with capacities up to 10,000 bushels/hour

BioShield

  • 5-minute ELISA testing kit
  • Use a common extraction protocol for ease of use

Q-Sage Air Screen Cleaners

  • Separates grain by length and size to specifications
  • Numerous flow patterns available to accommodate each unique product and processing need

Vertical Blender

  • For reliable, gentle mixing of friable solids, abrasive materials and shear-sensitive products
  • For processing large volumes where floor space is limited

Magazine

Marketwatch: Aug, 19

US Corn Price Idx: ZCPAUS.CM

open: 6.641
high: 6.7722
low: 6.6162
close: 6.7188

US Soybean Price Idx: ZSPAUS.CM

open: 14.2373
high: 14.5071
low: 14.1683
close: 14.448

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 7.8458
high: 7.8708
low: 7.6159
close: 7.6658

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.903
high: 6.918
low: 6.6755
close: 6.7339