ST. PAUL, MINN. (January 12, 2017) – CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, today reported net income of $209.2 million for the first quarter of its 2017 fiscal year.
Earnings for the period (Sept. 1 – Nov. 30, 2016) declined 22 percent from the same period of fiscal 2016. The decrease was primarily attributed to lower pretax earnings in the company’s Energy and Foods segments along with Corporate and Other. These declines were partially offset by increased pretax earnings in the CHS Ag segment as well as earnings from the new Nitrogen Production segment.
“We’ve been in business for nearly nine decades, so we’ve experienced these types of cycles before,” said CHS President and Chief Executive Officer Carl Casale. “Although it’s not possible to predict how long the current down cycle in the ag and energy industries will continue, we’ll navigate through this period by continuing to run our businesses efficiently and effectively, by maintaining a strong balance sheet and by ensuring we serve our owners’ and customers’ needs in all we do.”
Equipment can be one of the largest investments farmers make on their operation. And with today’s lower grain prices and tighter budgets, many are considering used machinery as an alternative to buying new. However, the hours logged on a piece of machinery are not always a reliable indicator of the health of the engine. Be sure to pay extra attention to three considerations to help make a final decision and protect your equipment investment. (more…)
Most research today supports soil sampling and testing as a best management practice. Growers should take the opportunity learn as much as possible about their soil in order to produce their best yields. This includes knowing what nutrient deficiencies exist in their soil.
The following explains the process of soil sampling, and highlights key data growers will learn from testing and analyzing their soil. (more…)
The agriculture industry not only provides food, energy and products that we all use on a daily basis, it is also often a leader in technology. Agricultural companies, professionals and even individual growers are often at the forefront of new technology concepts as they continue to work to make this very busy industry more efficient in costs, production and labor.
The industry continues to grow and evolve – making growers’ lives easier while still allowing them to produce the food that feeds the world. A few of the newest innovations are stemming from the big data trend that’s making a huge impact across most industries. (more…)
It’s easy to look around and see how agriculture impacts our world. This might be one of the reasons you chose a career in production agriculture. Even though you love your chosen career path, it doesn’t mean there aren’t challenges out there every day. The difference between the successful growers and the ones who aren’t as successful is how they approach the challenges that come their way.
The best way to solve a challenge is by looking at the opportunities behind the challenge and then taking control of your own destiny. The following are three very different challenges, but each with opportunities for you to succeed. (more…)
Delegates to the CHS Annual Meeting have approved amendments to the CHS Articles of Incorporation and Bylaws. The amendments created a new membership class structure and criteria.
“We appreciate our owners’ commitment to the governance of the company they own, as evidenced by their strong interest in the proposed changes to the core CHS governing documents” says CHS Board Chairman David Bielenberg. “Having a voice in the governance of the company you own and do business with is an essential point of difference of the cooperative business model.” (more…)
Growers are often called stewards of the land, and with the supply and demand increasing at a rapid pace they are also looked upon to produce higher quantities of food and grain in the same amount of time, all while protecting the environment.
Thanks to today’s innovative technology, environmental concerns including soil erosion, animal welfare and nutrient runoff can be minimized or prevented.
Farms are becoming increasingly progressive and the use of technology has made farming practices more sustainable to the environment than we have ever seen in history. (more…)
There are many issues growers face in today’s agricultural industry. One rising to the top of the list is low commodity prices.
Growers across the country are facing the harsh reality of a decrease in income forecasted for the third straight year due to an extended decline in corn and soybean prices. According to the USDA, net cash farm income for 2016 is forecast at $94.1 billion, and net farm income at $71.5 billion – following the declines in 2015. (more…)
Nutrient management is as important in fall as it is at planting.
Growers considering a fall anhydrous ammonia application can take measures to make the most out of their fertilizer investment, while supporting nitrogen management best practices, says Eric Scherder, Ph.D., field scientist, Dow AgroSciences.
“Nitrogen isn’t a one-time event,” Scherder says. “There has to be forethought about how to manage it today and tomorrow.”
Growers who are serious about reducing nitrate loss into groundwater can take steps when making fall applications. These steps include evaluating application methods, paying attention to temperature and using a nitrogen stabilizer to reduce nitrate loss due to leaching and denitrification. (more…)
ST. PAUL, MINN. (Nov. 3, 2016) – CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, today announced earnings for fiscal 2016 of $424.2 million.
CHS net income for fiscal 2016 (Sept. 1, 2015 – Aug. 31, 2016) of $424.2 million was down 46 percent from $781.0 million for fiscal 2015, reflecting lower pre-tax earnings within the company’s Energy and Ag segments, as well as its Corporate and Other category. Lower pre-tax earnings within these two segments were partly offset by increased pretax earnings in its Foods segment, and seven months of earnings from its Nitrogen Production segment which was created by the February 2016 strategic investment CHS made in CF Industries Nitrogen, LLC (CF Nitrogen). These results reflect the continued economic down cycle in the company’s core energy and agriculture businesses, as well as the impact of one-time events.