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.
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.
Safety is a core value at CHS, and we appreciate the opportunity to build working relationships with local first responders and fire departments. In an effort to strengthen these relationships, the CHS location in Frederick, Okla., held a grain engulfment training in conjunction with the Oklahoma State University Fire Service Training team.
Funding for the training, meeting supplies and rescue equipment came from a variety of sources including a grant from Oklahoma State University, CHS based in Frederick, and the CHS Seeds for Stewardship grant program, which supports organizations and projects that are focused on safety, ag education, and strengthening and uplifting hometown communities. CHS employees, local first responders from four fire departments, OSU Extension and local EMS attended the classroom and hands-on training.
CHS is proud to support rural communities, fire departments and first responders. “CHS has provided financial support to purchase much-needed equipment,” says Justin Green, Frederick Fire Department. “We have a mutually supportive relationship, which is valued and appreciated.”
The CHS Seeds for Stewardship grant program has recently provided funds for a new grain rescue tube and a thermal imaging camera, which are both being used by the Frederick Fire Department.
“CHS is committed to the safety of our employees, patrons and first responders,” says Brandon Winters, location manager, CHS. “It is important for everyone involved to understand what to do if a grain engulfment incident occurs.”
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.