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.
The CHS Board has delayed implementation of the company’s new individual equity redemption program, a decision made following its regular review of the CHS equity management program.
“This decision was made as we considered a number of factors, including our commitment to balance sheet management and the current economic cycle,” says CHS Board Chairman Dave Bielenberg. “CHS remains financially sound and profitable, but as we navigate this economic cycle, the board believes this delay was appropriate as we continue to take a long-term view in managing equity redemptions.”
The Fertilizer Institute (TFI) and its members (including CHS) will celebrate the first annual Global Fertilizer Day this coming Thursday, October 13. Organized by TFI and a network of international organizations, the day is dedicated to spreading the word about the vital role our industry plays in improving peoples’ lives. As Microsoft founder and philanthropist Bill Gates has said on numerous occasions, two out of every five people in the world owe their lives to fertilizer. (more…)
When commodity markets turn volatile, pulling the trigger gets tougher. Grain producers looking for a seamless way to diversify – and simplify – their marketing have one more choice with CHS Pro Advantage.
This contract allows a grower to pledge a specific quantity of bushels to be professionally priced over a specific period of time, essentially taking the emotion out of selling. Bushels are priced by the trading professionals at CHS Hedging-owned Russell Consulting Group. (more…)