Sep 15, 2022

CHS Intends to Return $1 Billion in Cash to Owners

Total distributed in cash would be the largest annual distribution to owners in CHS history

CHS Inc. intends to return a total of $1 billion in cash patronage and equity redemptions to its owners in calendar year 2023, delivering on its objectives to share profits with owners.

The total amount of cash to be returned to owners is a decision made by the CHS board of directors at the close of each fiscal year.

The CHS board has elected to return $500 million in cash patronage based on business done with CHS in fiscal year 2022, which ended on August 31, 2022. Additionally, the CHS board has elected to return $500 million in cash to its owners through equity redemptions.

Largest annual distribution in CHS history

This benefit of CHS ownership will be shared by hundreds of member cooperatives and thousands of farmer-owners, said the company. The total of $1 billion distributed in cash would be the largest annual distribution to owners in CHS history and would bring the total amount returned to owners over the last 10 years to more than $3.1 billion.

"The opportunity for owners to receive cash patronage and equity is a fundamental difference between the cooperative model and other businesses," said Dan Schurr, chair of the CHS board of directors.

"This critical difference means CHS owners share in the financial success of the company and can leverage that success to fuel strength and growth for their own businesses, their families and the communities we share."

Final financial results for fiscal year 2022 are expected to be announced in November 2022. Additional patronage-related details will be available at that time, including the amount of fiscal year 2022 patronage equity certificates that will be distributed.

Feed & Grain Staff

Recently Added to Buyer's Guide

Integrated Design-Build Services

  • Electrical engineering
  • Electrical construction

Feed Mill Pellet Systems

  • Pellet mill automation screen
  • Pellet mill amps

JaHam JT03, JT10 and JT20 Truck Probes

  • Core-style truck probe sampling system
  • Use with all whole grain

NexGen Platform

  • Designed with feed mills in mind
  • Built to scale as your business scales

RadarMax

  • Accurate level measurement and fast refresh rate
  • Radio connectivity

GMS Mixers

  • New, efficient drive, based on permanent magnet motor, designed for batch mixers that start and stop frequently
  • Compact design, quiet operation

Magazine

Marketwatch: Oct, 02

US Corn Price Idx: ZCPAUS.CM

open: 6.6922
high: 6.8741
low: 6.6102
close: 6.6102

US Soybean Price Idx: ZSPAUS.CM

open: 13.6782
high: 13.7587
low: 13.1333
close: 13.1536

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.3697
high: 9.6472
low: 9.1747
close: 9.4272

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.3873
high: 8.7783
low: 8.2498
close: 8.5389