Posts By: Jennifer Chick

Area producers share in local CHS patronage distribution

Eligible farmer-owners of the CHS retail businesses based out of Holdrege, Nebraska, and Oberlin, Kansas, shared in the recent distribution of cash patronage and equity based on business done with the co-op.

“We’re extremely proud to share this important cooperative membership benefit with our customers,” said Pat Peterson, general manager. “Delivering an economic return to them on the business they do with CHS is one more way we help our owners grow.”

The Holdrege-based retail division of CHS Inc. allocated a total of $2,133,098.56 in patronage dividends to its eligible members based on business done Sept. 1, 2017 – Aug. 31, 2018, of which $376,918.96 is being paid out in cash. The Oberlin-based retail division allocated a total of $203,927.48 in patronage dividends to its eligible members based on business done Sept. 1, 2017 – Aug. 31, 2018, of which $36,033.97 is being paid out in cash.

Overall, CHS Inc. will return $150 million in cash patronage and equity redemption to its farmer-owners in 2019, part of the cooperative’s commitment to sharing profits with our owners and returning money to rural America where it can be reinvested in the community. More than 840 local cooperatives and 25,000 farmers share in this distribution of cash patronage and equity redemptions.

The percentage returned to owners is determined annually by the CHS Board of Directors and based on performance, financial strength and long-term growth opportunities.

“Returning cash to our owners enables farmers, ranchers and cooperatives to invest in their own futures,” said Dan Schurr, chairman of the CHS Board.

In the past 12 years, CHS has returned about $3.5 billion to its owners in the form of cash patronage.

Join the fight against rural hunger

People in rural communities live surrounded by growing food, but they experience hunger too. That’s why CHS is once again teaming up with local farmers to fight hunger in rural America. The CHS Harvest for Hunger food, grain and fund drive begins March 1 and continues through March 20 at your nearest CHS location.

“We might never know that the neighbor across the road or down the drive struggles to put food on the table, but through our efforts this month, we can make sure those local food shelves can anonymously help those who need it most,” says Rick Dusek, executive vice president, CHS Country Operations. “For nine years now, our CHS employees and farmer-owners have stepped up during this annual campaign to help local and regional food shelves feed those in need.”

Since 2011, CHS has raised more than $5.6 million and 3.6 million pounds of food through its Country Operations business units. CHS locations across the United States have organized ways to get farmer, ranchers, employees and community members involved in fun and interactive ways to raise food and funds to fight hunger.

Financial donations are encouraged as they give food banks additional buying power to provide nutritious food at deeply discounted rates; $1 equals 6 pounds of food for area food banks. But food and grain donations are also accepted. Every donation counts.

“All the food, money and grain raised by CHS Harvest for Hunger goes directly back to local and regional food banks to help fill their shelves,” Dusek says. “This way, we can help those in need by ensuring those organizations dedicated to fighting rural hunger have the resources they need to make a real difference in people’s lives.”  

Stop by or contact your nearest CHS location to learn how you can support CHS Harvest for Hunger.

© 2019 CHS Inc.